Author: NBTC

Coinbase, Ripple, and Andreessen Horowitz (a16z) plan to send representatives to the Republican National Convention (RNC) and, later, the Democratic National Convention (DNC). On July 15, Politico said the firms would first “make their case to GOP power brokers” to support an election outcome that produces policies favorable to the industry, highlighting widespread Republican support for the crypto sector. Politico emphasized the growing importance of crypto, quoting Rep. Dusty Johnson (R-S.D.), who called crypto an “issue that more and more people are finding an interest in.” Attendance at the RNC and DNC represents each company’s continued commitment to bipartisan crypto…

This is yet another embarrassment for those overseeing the Mt. Gox bankruptcy, with one Reddit user quipping that the fright was karma for criticizing how incompetent the entire operation has been. It’s been a horrible 10 years for the early Bitcoiners who lost everything in the Mt. Gox hack — with 850,000 BTC stolen before their very eyes. After seemingly endless delays and disappointment, there is finally a glimmer of hope that they will soon receive some compensation from the doomed exchange, which tipped into bankruptcy. But as if creditors hadn’t suffered enough, there were fresh fears of a new…

Lumia launches a layer 2 network for Real World Assets to enhance on-chain liquidity and broaden access. The network integrates Polygon AggLayer for near-instantaneous cross-chain transactions and better user experience. Lumia has announced the deployment of its layer 2 (L2) network, specifically designed for Real-World Assets (RWAs). This development will help increase on-chain liquidity, expand the audience, and open up new possibilities for tokenized assets. Lumia’s modular L2 network provides higher capital efficiency, making it one of the pioneering rollups tailored for RWAs. Some of the assets that the network allows for tokenization include real estate, commodities, art, equities, and…

This past week, Bitcoin has plummeted over 10.5% to around $57,000. At its lowest, BTC touched $53,550, driven by fears of a market dump due to Mt. Gox’s ongoing reimbursement of over 140,000 BTC to its clients, as well as the German government’s BTC liquidations. The entire cryptocurrency market shed over $170 billion in combined market capitalization in a 24-hour period, according to CoinGecko data. This marks the market transition to extreme fear sentiment. Despite weekend trading, Bitcoin bulls managed to recover some lost ground, with the most recent daily close at $58,250, just shy of the desired $58,450. Sentiment…

Ripple has donated a staggering $1 million to the Commonwealth Unity Fund, a Super PAC (Political Action Committee) established by prominent Web3 attorney James Murphy, also known as MetaLawMan. The attorney himself has contributed approximately $50,000 to the Super PAC. 🚨SCOOP: @Ripple has donated $1M to the Commonwealth Unity Fund, a new super PAC set up by attorney James Murphy aka @MetaLawMan, to unseat @SenWarren and elect @JohnEDeaton1 as Massachusetts’ next Senator. Murphy donated $50K. More details and story to come. pic.twitter.com/32kadpAkE1 — Eleanor Terrett (@EleanorTerrett) July 15, 2024 The Super PAC aims to unseat long-time Massachusetts Senator Elizabeth Warren,…

In an industry often bogged down by complexity, Alchemy Pay is making a daring push to simplify and expand the use of cryptocurrencies in everyday transactions. The introduction of new features that integrate with major exchange and brokerage accounts like Coinbase and Kraken marks a pivotal step towards mainstream acceptance. The heart of Alchemy Pay’s strategy lies in its ambition to create a seamless bridge between fiat and crypto economies. This vision is not just about making transactions easier; it’s about redefining the very nature of payments. By allowing users to connect their crypto wallets directly to widely used exchanges,…

There has been no small amount of uncertainty surrounding Bitcoin (BTC) for approximately a month. After a significant climb in the initial months of 2024 and a new all-time high (ATH) near $73,000 in March, the world’s premier cryptocurrency found itself in a strong downtrend in June and early July. While the decline is widely considered to be at least partially driven by a convergence of events – including the German government’s plans to offload seized BTC and the long-awaited repayments by the collapsed crypto exchange Mt. Gox – the fact that Bitcoin has crashed through multiple support zones has…

Solana validators will receive additional fees after a proposal passed with 78% support on Monday. The author and supporters say it will secure the integrity of the network, but one validator says it’s an incomplete solution. The SIMD-0096 proposal is a shift away from the old model that used to burn half of the optional priority fee that users could pay to speed up their transactions on Solana. Now 100% of that fee will be rewarded to validators. “We voted no,” a spokesperson from Solana validator Orangefin Ventures told Decrypt. “The reason we voted no was because we want SIMD-0096…

Ripple CEO Brad Garlinghouse has expressed admiration for Donald Trump’s running mate and U.S. Senator James David Vance, who called out SEC Chair Gary Gensler’s biased approach to crypto regulation. Recently, crypto community members resurfaced a video showing Vance criticizing Gensler as the worst person to oversee the crypto industry. The clip was recorded at the Remedy Fest conference on February 27. It has gained traction within the crypto community since presidential candidate Donald Trump chose Vance as his running mate. The community celebrates this choice as they see pro-crypto politicians ascending to the presidency. Vance Highlighting SEC’s Disservice to…

Today Aptos announced a partnership with Nansen. Nansen is one of the major providers of on-chain analysis and insights, and indeed the collaboration will serve to bring analysis and data within the Aptos ecosystem. The objective is to provide Aptos users with the necessary analyses to promote their growth. Nansen Aptos The collaboration The cryptocurrency The comment Nansen Nansen is a famous on-chain analysis platform. Monitor with millions of wallets, so much so that many investors use its analyses to discover opportunities, perform due diligence, and defend their portfolios. It also provides real-time alerts. Among those who use its services,…