Author: NBTC

VeChain secures its 67th patent, revolutionizing carbon trading with blockchain technology. This breakthrough could significantly impact VET’s market price. VeChain has announced a groundbreaking patent for its carbon trading technology, marking its 67th patent and solidifying its role as a blockchain innovation leader. According to blockchain expert Collin Brown, VeChain has achieved a significant milestone by securing a patent for its pioneering carbon trading technology. This development, revealed in Collin’s recent tweet, marks VeChain’s 67th patent, reinforcing its position as a leader in blockchain innovation. 🚀 VeChain has just secured a groundbreaking patent for carbon trading technology! This brings #VeChain’s…

Congressman Patrick McHenry (R-N.C.) chairs the powerful House Financial Services Committee, and has been the leading Republican on the panel for years. Last year, he spent a few weeks as the Speaker Pro Tempore of the House of Representatives, after lawmakers voted to oust then-speaker Kevin McCarthy (R-Calif.). McHenry announced his retirement in December and will leave office when his term expires this coming January. He spoke virtually at Consensus 2024 in Austin at the end of May. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for…

LayerZero’s native token, ZRO, has been listed on Binance with a seed tag. Beyond Binance, ZRO has also been listed on other major exchanges like Upbit, Bybit, Bitget, OKX, and others. Despite a sluggish performance in the global cryptocurrency market over the past fortnight, new projects and developments continue to create buzz. In the queue, LayerZero, an omnichain interoperability protocol, has garnered significant support from the crypto community following a successful airdrop. This led to the listing of its native token, ZRO, on several prominent exchanges. Leading the charge, Binance, the world’s largest cryptocurrency exchange by trading volume, has announced…

Key Points: The SEC concluded its 14-month investigation into Ethereum, which Consensys founder Joseph Lubin sees as a positive but inadequate regulatory move. Consensys SEC lawsuit will continue to seek clearer regulatory guidelines and accuse the agency of overreach in trying to classify ETH as security. The closure of the investigation is seen as a significant victory, with broad support for Consensys’ stance on protecting Ethereum from regulatory overreach. Fox Business journalist Eleanor Terrett recently reached out to Consensys founder Joseph Lubin to discuss the U.S. Securities and Exchange Commission’s (SEC) decision to end its investigation into Ethereum (ETH). Consensys…

Hong Kong has become a premier global destination for Web3 and digital assets, with its approval of digital currency ETFs and favorable regulations opening up new opportunities for investors and innovators, says the region’s top finance official. Christopher Hui, the Secretary for Financial Services and the Treasury, revealed in a recent statement that he had been on a European tour, visiting Spain, the Netherlands, and Portugal. While there, he marketed Hong Kong as a virtual assets haven. “In terms of financial innovation, I introduced to local regulators and the financial industry in Europe how Hong Kong, as a pioneer in…

Matter Labs, the main development firm behind the layer-2 network ZKsync era, has officially disclosed the distribution criteria for its long-awaited ZK token airdrop. According to the plan released Tuesday, 17.5% of ZK’s 21 billion total token supply will be airdropped to users beginning “next week.” Like other layer-2 networks, ZKsync Era pitches itself as a quick and cheap way to send transactions on Ethereum. According to Matter Labs, the ZK airdrop will be the “largest distribution of tokens to users amongst major L2s,” with just under 3.7 billion tokens going to users. Pre-market prices from Aevo, a crypto perpetuals…

The U.S. Supreme Court has agreed to hear a case regarding Nvidia’s revenue from crypto mining, potentially making it more difficult for shareholders to file a securities fraud lawsuit. Nvidia is trying to stop an investor lawsuit accusing the company of misleading shareholders about its dependence on crypto mining revenue before the market crash in 2018. The justices announced Monday they would consider Nvidia’s argument that the complaint lacked sufficient detail to proceed. A ruling in Nvidia’s favor could give companies additional leverage to seek early dismissal of shareholder lawsuits, thus avoiding the cost of a full-scale defense. The case…

The rise of decentralized exchanges (DEX) is well-documented, with literally hundreds of these platforms cropping up to handle billions in crypto transactions on a daily basis. There are a few factors at play in determining their appeal, so here’s a look at a few of the main selling points they offer in comparison with centralized equivalents. Security Protocols First and perhaps most importantly of all is the fact that the security mechanisms of a typical DEX outshine traditional platforms to a significant degree. This is because they prioritize user autonomy and protection through several key features. And since attacks on…

SITE Network is initiating a worldwide endeavor concerning tourism. As per the platform, the respective project merges Augmented Reality and Virtual Reality technologies while attempting to redefine tourism around the globe in collaboration with Enjin Blockchain. The platform mentioned that the project links the consumers to the finest locations. It reportedly offers authentic digital exploration experiences to consumers. SITE Network Starts a Virtual Tourism Project of $39B Worth in Partnership with Enjin The platform added that SITE Network has conceptualized many chief virtual worlds, replicating the real-world locations. One of them is Metinburgh which represents Scotland-based Edinburgh. The team of…

The Bitcoin price has sent some questions about the future of digital gold with a surge at around the $69,000 level, but maybe some answers can be found on the Bitcoin liquidation heat map, with critical levels at $68,300 and $69,800, highlighting their importance for short-term price movements. From this heat map, clearly, liquidity builds around the prices of $68,300 and $69,800. These correspond to areas where strong buying and selling pressure is focused, making them pivotal for Bitcoin’s next moves. Of course, at the current price levels of $69,000, these could easily act as really strong support and resistance…