Author: NBTC

Ripple’s role in the payments sector cannot be overstated. Since its launch in 2012, the California-based company has provided enterprise-grade infrastructure allowing businesses to use blockchain to send and receive cross-border payments cheaper, faster and more efficiently. Due to its expertise in the global payments sector, Ripple was recognized as the Best Cross-Border Payment Platform and Best DeFi Infrastructure Platform in the 2024 Fintech Breakthrough Award program. The leading cryptocurrency payments company wrote about this on X, highlighting that it was among the “Fintech Breakthrough Award winners for 2024.” Ripple also expressed gratitude to the award organizers for the recognition.…

In a packed courtroom, Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, was sentenced to 25 years in prison by Judge Lewis A. Kaplan. The sentencing follows a landmark trial that has captured widespread attention for its revelations of financial misconduct within the cryptocurrency industry. Crypto Mogul Sam Bankman-Fried Handed 25-Year Sentence; $11 Billion in Restitution The sentencing hearing, detailed meticulously by Matthew Russell Lee of Inner City Press, thoroughly examined Sam Bankman-Fried’s (SBF) actions and their extensive impact on investors, customers, and the broader financial landscape. Overseeing the case, Judge Kaplan rejected the defense’s arguments concerning the calculation…

Arrow Markets has launched a new platform for trading non-U.S. crypto options, aiming to simplify the trading process for users internationally. The initiative seeks to fill a gap in the market, akin to the role Robinhood plays in the U.S. for stock options trading, but focusing on the defi sector. Supported by Framework Ventures, Delphi Ventures, and Blizzard the Avalanche Ecosystem Fund, Arrow Markets is aiming to capture a significant portion of the defi options market. The platform operates on Avalanche’s C-chain and introduces a Request-for-Execution (RFE) system that enhances the traditional Request-for-Quote (RFQ) approach by leveraging blockchain technology to…

On March 28, Into The Cryptoverse CEO Benjamin Cowen postulated whether the current Bitcoin market cycle is normal or a “left-translated” one, where the peak occurs earlier than usual. Bitcoin has already notched up a new all-time high and it is still three weeks to go until the halving. This has introduced the possibility of this cycle peak coming much earlier than previous ones, which happened in the year following the halving event. Fed Rate Cut Influence If Bitcoin markets pull back after any Federal Reserve rate cuts, it could put it back on track with prior cycles, potentially peaking…

Australia and New Zealand (ANZ) Banking Group, in collaboration with Chainlink, has unveiled the results of an initiative aimed at bridging the gap between Avalanche and Ethereum for global asset settlement. In a recent announcement published on X, ANZ and Chainlink showcased the results of their collaboration, which focused on using the Cross-Chain Interoperability Protocol (CCIP) to facilitate settlement of tokenized assets across disparate blockchain networks. The joint effort between the banking group and Chainlink aims to demonstrate the ability to access, trade and settle tokenized assets across multiple networks and currencies using delivery versus payment (DvP). This settlement method,…

Damian Williams, U.S. Attorney for the Southern District of New York, released this statement on social media platform X (formerly twitter) after Sam Bankman-Fried was sentenced to 25 years in prison: Samuel Bankman-Fied orchestrated one of the largest financial frauds in history, stealing over $8 billion of his customers’ money. His deliberate and ongoing lies demonstrated a brazen disregard for customers’ expectations and disrespect for the rule of law, all so that he could secretly use his customers’ money to expand his own power and influence. The scale of his crimes is measured not just by the amount of money…

Bitcoin (BTC) is poised for a potential surge after forming a bullish technical pattern and attracting a wave of institutional investment. The world’s leading cryptocurrency recently surpassed the $70,000 mark, setting the stage for a possible breakout that could eclipse its current all-time high of $73,750. Related Reading: From $90 To $400 Litecoin: Analysts Bullish On LTC Soaring Trajectory This optimistic outlook comes from analyst Ali Martinez, who identified a bull flag pattern on Bitcoin’s 4-hour chart. This technical indicator typically follows a significant price increase and signifies a consolidation period with a slight downward trend. However, the decreasing trading…

The pseudonymous leader of the Shiba Inu team known as Shytoshi Kusama continues to travel around the world, adjusting his location status on Twitter/X. This time, Kusama’s location mark shows “NYC.” SHIB fan from Japan @kuro_9696_9696 has drawn the Shiba Inu community’s attention to that. Shytoshi Kusama’s current location is…👀📍NYC🤔 pic.twitter.com/cQzY3g7Zgn — KURO🐾SHIBARMY JPN🇯🇵 (@kuro_9696_9696) March 19, 2024 Shytoshi Kusama keeps changing locations As reported by U.Today, approximately a week ago, Kusama changed locations in several countries of the world (located quite far from each other) within a couple of days – Kioto-fu in Japan, Pittsburgh, Pennsylvania, US, then Hong…

Detained Binance executive Tigran Gambaryan has initiated legal action against Nigerian authorities, including the National Security Adviser (NSA) Nuhu Ribadu and the Economics and Financial Crime Commission (EFCC), over allegations of human rights violations. Gambaryan, an American citizen overseeing the exchange’s crime investigation unit, was detained alongside his colleague Nadeem Anjarwalla by Nigerian authorities on Feb. 26 as part of investigations into the platform’s operation in the West African country. Meanwhile, the Nigerian authorities’ tax evasion case against the crypto trading platform and its executives is expected to commence on April 4. Human rights violation Gambaryan reportedly filed a motion…

Coinbase’s layer-2 network, Base, is gaining some serious traction, with $1 billion in Total Value Locked (TVL). Realistically, Base is probably the hottest L2 network right now. A lot of people are joining in and sticking around, and the network’s TVL confirms this thesis. Base has been attracting attention thanks to the many projects and popular trends that are active on it. Even though the buzz might not last forever — since Base does not offer anything too out of the ordinary — it is still catching people’s eyes for the time being. One of the reasons people are drawn…