Author: NBTC

The digital currency ecosystem opened today to the news of Mt. Gox moving funds in a bid to start repaying its customers. This news placed selling pressure on Bitcoin (BTC), dragging most altcoins along with it. Amid this slip-off, Shiba Inu (SHIB) has ridden the waves to flip Avalanche (AVAX) to become the 11th largest digital currency by market cap. The market, irrespective of its outlook, is always pitting coins against one another. While this does not necessarily impact its community, it does introduce a temporary investor sentiment booster. At the time of writing, Shiba Inu has seen a 0.62%…

Former President Donald Trump, the presumptive Republican nominee for leader of the U.S., announced he chose crypto-friendly Sen. J.D. Vance (R-Ohio) as his vice presidential candidate. “After lengthy deliberation and thought, and considering the tremendous talents of many others, I have decided that the person best suited to assume the position of Vice President of the United States is Senator J.D. Vance of the Great State of Ohio,” Trump wrote on social media app TruthSocial. “J.D. has had a very successful business career in Technology and Finance, and now, during the Campaign, will be strongly focused on the people he…

Key Points: Kraken launches institutional custody services in the UK and Australia, with expansion plans. Kraken Custody service offers secure digital asset management with advanced security and integration. The exchange also plans an IPO next year and partners with Tottenham Hotspur as a crypto and Web3 partner. Kraken, a cryptocurrency exchange, has launched an institutional business department that is now offering custody services to clients in the UK and Australia, according to Bloomberg. Read more: Kraken SEC Lawsuit Prepares for New Developments with Debate from the Exchange Kraken Custody Services Expanded to UK and Australia Lunch This new division, Kraken…

Brevan Howard Asset Management’s crypto fund has gained 20% in H1 2024 as institutional investors turned to crypto amid rising prices. BH Digital, a crypto hedge fund which manages $2.3 billion, has boosted its assets under management by roughly 20% in the first half of 2024, the Financial News has learned, citing people familiar with the matter. The crypto fund, managed by Alan Howard, a prominent British billionaire hedge fund manager, has consistently outperformed other units under Howard’s control. BH Digital has outpaced Brevan Howard’s flagship Master fund, which is still down 1.5% year-to-date, the sources revealed. Brevan Howard is…

Recently, some members of the XRP community claimed that U.S. presidential candidate Donald Trump may be holding a significant amount of XRP tokens. This came amid revelation concerning the multi-million-dollar crypto asset portfolio Trump has acquired in the past few months. According to Arkham Intelligence, Trump’s crypto wallet was worth over $10.14 million as of Monday, May 27. The wallet received a significant boost largely from the TRUMP meme coin, his largest holding, amid yesterday’s bullish market activities. Following this update, an X user with the pseudonym “Matze XRP” presented a screenshot of an XRP wallet bearing the name “TrumpProductions,”…

Dave Portnoy isn’t buying bitcoin (BTC) at these prices. Accepting it as payment? That’s another story. The Barstool Sports chief took “a big portion” of his sponsorship deal with the crypto exchange Kraken in BTC, Portoy told CoinDesk. Kraken paid him directly in the cryptocurrency along with dollars, the pair said. Neither party wanted to discuss how much money changed hands. Wearing his “day trader” hat, Portnoy has tried timing trades in the bitcoin market since mid-2020, often getting burned buying high and selling low. Its current price above $60,000 is too high for him. “I’d just hate myself. If…

Paraguay has shut down more than 70 illegal bitcoin mines in the past five years, according to the country’s national energy supplier. Illegal mines in Paraguay reportedly steal up to $60 million worth of electricity every year — enough to light a city, according to the Administración Nacional de Electricidad (ANDE). The Economist reports that illegal bitcoin miners contribute to an increasing number of blackouts in the country by overloading power lines unable to cope with increased demand. ANDE has also admitted that seven of its own engineers are under investigation after they were accused of illegally installing crypto mines…

In a significant move to enhance the reliability and applicability of Generative Artificial Intelligence (AI), the implementation of decentralized networks is becoming increasingly pivotal. Central to this transformation is the Decentralized Retrieval-Augmented Generation (dRAG) framework, which operates within the NVIDIA Build ecosystem. As disclosed in a post from OriginTrail, a platform for powering the Verifiable Internet for AI, this integration addresses critical limitations of current AI technologies—such as hallucinations, bias, and data ownership disputes—by establishing a verifiable internet for AI. This approach not only ensures the accuracy of data used in AI models but also secures intellectual property rights, fostering…

Galaxy Digital, the publicly traded crypto firm led by Michael Novogratz, has acquired substantially all the assets of blockchain node operator CryptoManufaktur LLC, in a deal that will increase the company’s Ethereum assets under stake by about 43%. The agreement with CryptoManufaktur, known as CMF, was announced in a press release provided exclusively to CoinDesk. Terms weren’t disclosed. CMF founder Thorsten Behrens, as part of a three-person engineering team, will join Galaxy’s blockchain infrastructure team, which provides staking and blockchain validator services to qualified investors, protocols and digital-asset platforms, according to the press release. CMF, started in 2020, was originally…

Key Points: Binance is actively improving its compliance framework, addressing past issues, and enhancing current processes under the leadership of CCO Noah Perlman. Binance exec Tigran Gambaryan was detained in Nigeria in February 2024 on charges of money laundering and tax evasion. U.S. Representatives have introduced a resolution calling for Gambaryan’s immediate release. Noah Perlman, Binance’s Chief Compliance Officer, has emphasized the company’s dedication to evolving its compliance framework. Read more: Binance Executive Gambaryan Objects to Court Charges, Returns To Jail Waiting for Next Trial Binance Exec Tigran Gambaryan’s Detention in Nigeria and Health Crisis Binance is addressing past issues,…