Author: NBTC

Fantom Foundation announced a legal victory against Multichain following a judgment by the High Court of Singapore. The ruling came after a default judgment was issued against Multichain on Jan. 30, with an assessment of damages hearing held on June 3. During the June 3 hearing, the court heard evidence from Eli Bernstein, general counsel for Fantom Foundation, and Miao Gu, a valuation expert from Secretariat International. Notably, Multichain’s representatives were absent from the proceedings. In his judgment, Judicial Commissioner Faizal awarded Fantom $2.1 million for losses incurred. The judicial commissioner highlighted that the breach was enabled by Multichain’s leadership,…

Key Points: TON’s blockchain assets surged 1,400% this year, reaching over $1 billion, buoyed by its tie-up with crypto super app Telegram’s vast user base. Overcoming past SEC scrutiny, TON now implements stricter KYC/AML measures and has partnered with Tether for expanded payment solutions. Eyeing growth as a potential “super-app,” TON aims to secure a significant share of Telegram’s users by 2028 The Open Network (TON), linked to the crypto super app Telegram, has emerged as a standout performer in the cryptocurrency space this year, despite recent market volatility. TON Blockchain Surges Amidst Partnership with Crypto Super App Telegram TON…

Bitcoin maximalist Samson Mow, who is the former CSO of Blocktream and now the chief executive at Jan3, has published a tweet to take a jab at Ripple after its boss Brad Garlinghouse had stated that he believes the SEC is going after Tether now. Mow quoted the response issued by the Tether/Bitfinex CTO Paolo Ardoino to Garlinghouse to criticize Ripple not only for “spreading FUD” about Tether but also doing the same with Bitcoin earlier. Tether CTO responds to Brad Garlinghouse’s Tether statement During his recent appearance at the “World Class” podcast hosted by Chris Vasquez, the Ripple chief…

What are the next deadlines regarding crypto taxes in Italy? In reality, one has already occurred during 2024, but there are still others. The taxes on crypto in Italy: the imposta di bollo How to pay taxes on crypto capital gains in Italy The advances The exceedances The taxes on crypto in Italy: the imposta di bollo On June 30, the deadline for paying the stamp duty expired. Technically this crypto tax is not called stamp duty, but by now everyone calls it that. This is the so-called IVACA (tax on the value of crypto-assets), and indeed it had to…

TON blockchain is one of the most silent and rapidly growing parts of the cryptocurrency industry. Some of its coins, like NOT coin, surged massively, securing a 400% gain in seven days, which shows that not all the action is happening on the Ethereum or Solana networks. Due to its significant price increase, Notcoin is under the spotlight. The coin’s value has increased by over 400 percent in the last seven days. Several things contribute to this rise, one of which is the growing interest of whales. The price of #Notcoin( $NOT) has risen by more than 400% in the…

A Republican National Committee (RNC) panel passed a draft platform outlining crypto and artificial intelligence (AI) policies on July 8. According to Politico, the panel passed the draft platform with 84 votes in favor and 14 against. The convention must finalize the platform in a future vote. The Republican party intends to “end Democrats’ unlawful and un-American Crypto crackdown” and prevent the creation of a central bank digital currency (CBDC), per the platform. Furthermore, the party aims to protect Bitcoin mining rights, the right to self-custody crypto, and the right to perform transactions without government control and surveillance. The party…

Galxe, the biggest on-chain distribution forum in the Web3 sector, has recently unveiled an exclusive integration. As per the platform, it is integrating with a well-known people-centric blockchain named Viction, which offers zero-gas transfers, while endeavoring to build beyond the limits. The company took to the social media platform X to provide the details of the respective development. We’re building beyond limits through our latest integration with @BuildOnViction 💪Viction is a global L1 blockchain that empowers builders at every level. They provide accessible and scalable infrastructure, along with holistic guidance, to foster tangible project success and… pic.twitter.com/AN4WZxCqeS — Galxe (@Galxe)…

The Ethereum-based BUIDL fund from the leading asset manager BlackRock has gulped over $5 mln in assets over the past week despite the ongoing market turbulence. Market analytics resource IntoTheBlock (ITB) reported this in a recent post, highlighting that the fund has attracted significant interest among investors. The BlackRock USD Institutional Digital Liquidity Fund (BUIDL), launched in March on Ethereum, became the company’s first tokenized fund. This allows qualified investors to procure yields in US dollars by subscribing through the fintech company Securitize. According to data sourced by ITB, BUIDL currently has assets under management (AUM) of $491 million amid…

Pepe in a Meme World (PEW) is catching the interest of cryptocurrency traders as a newly launched memecoin in the speculative crypto ecosystem. The adaptable and dynamic memecoin caused a frenzy after listing on five centralized exchanges in one day, including HTX, MEXC, LBank, CoinEx, and BitMart. We have listed $PEW on all major exchanges like GATE, HTX, BITGET, MEXC , LBANK, POLONIEX, etc in just 1-2 days. — pepe in a memes world (@pewoneth) June 3, 2024 Meanwhile, despite existing for only a short period, PEW is already listed on several decentralized exchanges (DEXes). The multiple listings across different…

Slavkin Corzo, a former policy director at the U.S. Securities and Exchange Commission, has joined policy firm Mindset, according to a recent report by Politico. Notably, Mindset has a number of clients within the financial services industry that include prominent cryptocurrency firms such as stablecoin issuer Paxos and research-driven technology investment firm Paradigm. The Politico report says that the clients that Corzo intends to lobby for are yet to be determined. Corzo, a former labor union investment official, joined the agency back in April 2021. It is worth noting that Corzo was one of the first senior staff members appointed…