Author: NBTC

Ronin still benefits from the game experiences of Axie Infinity. Mini-tournaments and special games boost Ronin usage. Ronin is also carrying token-based traffic for decentralized trading, boosting the Katana DEX. The Ronin blockchain is key to reviving the Web3 gaming space, which entered a prolonged crypto winter in 2022. Even after its $600M bridge hack and a recent $12M white-hat exploit, Ronin remains key to the activity of Axie Infinity, but also carries some of the top Web3 games for 2024. The Ronin chain became home to Pixels, Lumiterra and Wild Forest, competing with even more influential chains like Base…

The leading bitcoin exchange worldwide, Binance, has announced a forthcoming update to its spot and margin trading system. Set for August 14, 2024, the upgrade is projected to run for about one hour and start at 06:00 AM (UTC). Part of Binance’s continuous dedication to providing its customers with better trading experiences by maximizing performance, boosting dependability, and including fresh features to satisfy the changing needs of the worldwide trading community is this system improvement. Impact on Trading Activities All spot and margin trading activity will be momentarily stopped during the upgrade. This covers margin account transfers, order cancellations, and…

VanEck’s Head of Digital Asset Research, Matthew Sigel, identifies two factors that could hinder the potential launch of an XRP ETF. Speaking in a recent interview with Tony Edwards, the host of the Thinking Crypto podcast, Sigel highlighted several factors required for the successful launch of an ETF. The factors include SEC approval, support from counterparties like exchanges and market makers, issuers’ confidence in the asset’s investment potential, and customer demand. Solana Meets Criteria for ETF Launch, But XRP Doesn’t Applying the factors to XRP, Sigel asserted that the Ripple-affiliated coin lacks customer demand and internal conviction. Conversely, he emphasized…

Matt Rosendin, the founder of digital securities platform CapSign, has predicted that San Francisco-based firm Ripple will end up appealing the recent court decision to issue an injunction. As reported by U.Today, Ripple was ordered to shell out $125 million worth of penalties in her final judgment. This was framed as a significant win for the company given the aforementioned sum is substantially lower than the $2 billion that the SEC was asking for. Still, Torres also issued an injunction against the San Francisco-based company that is supposed to prevent further violations of securities laws. While the court’s language is…

The publicly-listed cryptocurrency mining company from Wall Street (NASDAQ: ARBK) and the City (LSE: ARB) Argo Blockchain plc announced today (Monday), that it has fully repaid its $35 million loan from Galaxy Digital Holdings. This clears the debt four months ahead of the current schedule and nearly 18 months before the original repayment deadline. The crypto mining firm began repaying the loan in May 2023, with the balance reduced to approximately $5.7 million as of June 30, 2024. Argo repaid $11.5 million in principal during 2023, with the remaining $23.5 million settled in 2024. Successfully repaying $35 million of high-interest…

In exclusive comments to crypto.news, a blockchain and artificial intelligence expert discussed why he believes India is set to become a web3 powerhouse. India has long been a tech-savvy nation, with over 750 million active internet users as of January 2024. The nation’s booming IT sector accounted for 7.5% of its approximately $3.9 trillion economy in 2023. With a digital competitiveness score of 60, placing it ahead of every other BRICS nation except China, India has proved its standing as a global IT powerhouse. Naturally, this lays a solid groundwork for the nation to support the promising web3 and blockchain…

Options market shows bias for calls even as BTC’s price continues to drop. Demand for calls at $100K suggests traders preparing for a renewed rally into 2025, according to one trading firm. Crypto options traders are strategically placing bets that diverge from the ongoing downtrend in bitcoin’s (BTC) price. In the past 24 hours, the leading cryptocurrency by market value has declined over 1% to $64,500, extending the pullback from recent highs near $72,000, CoinDesk data show. Still, the flow in bitcoin options listed on leading exchange Deribit has been biased toward call options at levels (strikes) well above the…

Shiba Inu’s ecosystem team introduces Shib Marketplace, an upcoming innovative platform poised to revolutionize digital commerce. The team announced the initiative in the latest edition of Shiba Inu’s weekly magazine, stating that the marketplace would redefine digital ownership. Shib Marketplace Features According to the announcement, Shib Marketplace marks a departure from centralized platforms, which focus on profits over user control. The platform will be powered by Shiba Inu’s L2 scaling solution Shibarium, leveraging the network for transparent and secure transactions. In addition to Shibarium, the platform will also leverage the security architecture of the Ethereum network. Also, Shibarium’s smart contract…

Prominent lawyer James Murphy (MetaLawMan) says the U.S. SEC will appeal the Ripple verdict. During an interview on The Wolf of All Streets podcast, Attorney Murphy suggested two reasons why the SEC may be prompted to appeal the Ripple decision. Disgorgement Concerns According to the lawyer, the first issue revolves around the disgorgement decision. Recall that Judge Analisa Torres did not grant the SEC’s request for disgorgement, worth $876.3 million. Notably, Judge Torres ruled that the SEC did not show that institutional buyers of XRP suffered pecuniary harm. Reacting, Attorney Murphy stated that this decision impacts other SEC pending cases…

Bitcoin block rewards will likely evolve significantly over the coming decade, driven by substantial shifts in Bitcoin prices and fee changes. One popular model for projecting future prices is the Power Law, coined by Giovanni Santostasi. Based on this model, CryptoSlate has calculated the Bitcoin block reward over the next ten years. The Power Law Model predicts Bitcoin trading within a set range, illustrated on the left of the table below by the upper and lower bound prices, with the regression fit aligning with a ‘fair price.’ The right-hand columns show the Bitcoin block reward based on these prices, considering…