Author: NBTC

Injective, a prominent blockchain that gets support from Mark Cuban and Binance, has recently unveiled a new integration. As per the platform, it is integrating with IoTeX which operates as an open-source forum that combines the Internet of Things and blockchain technology. The company took to its official account on the social media platform X to reveal the respective integration. .@iotex_io is now integrated with Injective, enabling the seamless transfer of IoTeX assets to Injective.This in turn allows for novel DePin applications, use cases and assets to enter the Injective ecosystem via a diverse array of dApps built on Injective.…

Taiwan’s high court convicted eight people of espionage for China, revealing that crypto was used to facilitate payments in one of the most prominent spying cases in recent years. Bloomberg reports, citing Taiwan’s Ministry of Justice’s Investigation Bureau, that Chinese intelligence used cryptocurrency to pay Taiwanese military personnel involved in a major espionage case. According to the report, Taiwan’s high court has convicted eight individuals, including active-duty and retired military officers, for collecting state secrets on behalf of China, what the report describes as “one of the largest espionage cases in years.” The report does not clarify which cryptocurrency was…

In anticipation of the upcoming Cardano Chang hard fork, Binance has confirmed its readiness, pushing exchange preparedness to a critical level. This development comes on the back of a recent surge in the number of exchanges prepared for the upgrade, as the blockchain network gears up for one of its most significant updates. As earlier reported by The Crypto Basic, the Chang hard fork team initially planned the hard fork for August 27 after assessing the readiness of key stakeholders and resources. Binance Now Ready for Chang However, on Aug. 24, Cardano founder Charles Hoskinson announced a postponement to Sept.…

On Aug. 28, Bitcoin’s mining difficulty bumped up by 2.99% at block height 858,816, pushing the metric from 86.87 trillion to a hefty 89.47 trillion. This tweak adds a bit more challenge for bitcoin miners, especially with hashprice values lingering at very low levels. Bitcoin Network’s Difficulty Jumps as Earnings Dwindle Bitcoin’s difficulty ticked up 2.99% on Wednesday, reaching 89.47 trillion, where it will stay until Sept. 10, 2024. The network’s difficulty metric essentially functions like a self-adjusting thermostat for the Bitcoin network, maintaining a consistent pace of block creation regardless of fluctuations in mining power. Simply put, if hashpower…

Although the leading cryptocurrency Bitcoin (BTC) attempted to break above $60,000 levels over the weekend, it faced a strong rejection from there. BTC experienced a significant decline from the $60,000 levels and dropped to $58,000 levels. While there is uncertainty about the reason for this decline, cryptocurrency investor HODL15Capital claimed that increasing short positions were behind this decline. Posting from his account X, HODL15Capital noted that as soon as the Bitcoin price rose to $60,000, Bitcoin shorts experienced an aggressive increase across multiple exchanges. At this point, HODL15Capital said there is a massive imbalance across multiple different crypto exchanges, including…

It’s been a month since spot Ethereum ETFs launched in the U.S., and let’s just say things haven’t gone exactly as planned. Investors, it seems, aren’t as pumped as everyone hoped they would be. The nine ETFs that hold Ethereum directly have been experiencing outflows for six straight days. Since their launch, these funds have been bleeding cash, while Bitcoin ETFs, in contrast, have been enjoying a steady stream of inflows. Talk about a tale of two cryptos. Just today, the Grayscale Mini Bitcoin ETF raked in $51 million. Meanwhile, Ether ETFs are struggling. It took years of fighting with…

The team behind the Shiba Inu ecosystem updates Shiba Inu Documentation, providing new technical articles and guides to the Layer-2 blockchain Shibarium. Prominent Japan-based Shiba Inu community figure Kuro called the public’s attention to the development in a post yesterday. Shiba Inu Documentation has been updated! ▫Build on Shibarium▫Become a Validator▫Bridge Assets☟https://t.co/n6juf4IFrl#SHIB #Shibarium pic.twitter.com/0igHegD3Pi — KURO🐾SHIBARMY JPN🇯🇵 (@kuro_9696_9696) July 2, 2024 Latest Updates on Shiba Inu Documentation Following the update, Shiba Inu Documentation features three new essential sections: Build on Shibarium, Become a Validator, and Bridge Assets. The ‘Build on Shibarium’ section provides information on how developers can create and…

South Korean crypto exchange Bithumb Korea has secured a key legal victory against the country’s tax authorities. A high court ruled that Bithumb’s virtual assets are not to be classified as inventory, offering much-needed clarity to the digital asset industry. The dispute stemmed from Bithumb’s change in its virtual asset valuation method between 2014 and 2017. Tax authorities claimed this led to underreported profits. However, the Seoul High Court sided with Bithumb, emphasizing the lack of regulations at the time. This ruling comes amidst South Korea’s increasing crypto scrutiny, with potential delistings for non-compliant assets looming. Crucially, the court also…

Binance has completed the integration of Yield Guild Games on the Ronin network. Deposits and withdrawals are now available to users. This partnership between the three platforms aims to boost the GameFi and play-to-earn opportunities for the players. BIG NEWS!Super excited to announce that Binance has officially integrated YGG on Ronin Network!Seamless Deposits and Withdrawals are now open on the largest cryptocurrency exchange! Read more: https://t.co/47Bc7EAYzG#TogetherWePlay #YGG #Ronin #Binance pic.twitter.com/skFWIj5fGp — Yield Guild Games (@YieldGuild) August 27, 2024 Yield Guild Games (YGG) is a gaming guild focused on blockchain play-to-earn games. It’s a community that invests in NFT assets and…

Genesis Digital Assets (GDA), one of the world’s largest Bitcoin mining companies, has announced plans to expand its recently launched Texas data centre to 400 megawatts. The ambitious phase two scaling highlights GDA’s commitment to Texas as a mining hub, leveraging the state’s renewable energy and pro-innovation policies. GDA’s Rowdy Data Center in Vernon is currently operational at 60 MW, supported by the Oklaunion Substation. The site benefits from substantial local wind power and is located near Vernon city in Wilbarger County. The data centre utilizes grid power with renewable energy sources for its operations. “GDA’s business is a natural…