Author: NBTC

$KGEN, a blockchain protocol focused on decentralized identity and reputation verification, has announced a significant token burn that will permanently remove 22 million $KGEN tokens from circulation. The move, which represents approximately 10% of the token’s circulating supply, is designed to reduce market supply and signal long-term commitment to token value stability. Source of the Burned Tokens The 22 million tokens being burned consist entirely of unclaimed airdropped tokens and unsold allocations from the project’s node sale. By eliminating these tokens, $KGEN aims to remove potential sell pressure that could arise from dormant or undistributed holdings entering the market. The…

Base, the layer-2 network developed by Coinbase, has introduced Base Verify Onchain, an on-chain identity feature designed to mitigate Sybil attacks across the blockchain ecosystem. The announcement, made via Base’s official X account, confirms that the feature is currently live on the Base Sepolia testnet. By leveraging social and Coinbase account verification, the tool aims to distinguish genuine users from those operating multiple accounts without compromising personal data. How Base Verify Onchain Works Sybil attacks occur when a single entity creates numerous pseudonymous accounts to manipulate network activities, such as airdrop distributions, governance votes, or incentive programs. Base Verify Onchain…

SkyBridge Capital founder Anthony Scaramucci stated that he maintains his long-term optimism for Bitcoin, and explained five key reasons why he remains bullish on BTC. According to Scaramucci, Bitcoin’s most important feature is that its value cannot be diminished by any government. Arguing that Bitcoin’s 21 million supply limit is secured by code, not promises, Scaramucci states that this forms the basis of his Bitcoin thesis in a world burdened with $37 trillion in debt. Scaramucci argued that the recent decline was not due to a breakdown in Bitcoin’s fundamental dynamics, but rather to selling pressure stemming from miners selling…

Ethereum price is regaining momentum as institutional investors and large holders appear to be positioning for the cryptocurrency’s next move. Recent market data indicates capital is gradually rotating from Bitcoin into Ethereum investment products, while on-chain activity shows whales continuing to remove significant amounts of $ETH from exchanges. The improving fundamentals come as Ethereum attempts to confirm a bullish double-bottom reversal, putting the spotlight on whether renewed demand can drive the second-largest cryptocurrency toward its next major resistance. Institutional Rotation Shifts the Spotlight to Ethereum Ethereum’s latest recovery is being supported by changing institutional positioning rather than speculative buying alone.…

Crypto-friendly digital bank Revolut has been valued at $115 billion in a secondary share sale, lifting the company’s valuation by 53% in less than a year. The company priced shares at $2,017 each, according to an internal message from CEO Nik Storonsky reported by The Wall Street Journal. The transaction allows employees and other existing shareholders to sell stock rather than raising new capital for Revolut. The valuation has more than doubled from $45 billion in 2024 and makes Revolut Europe’s most valuable private company, representing a major rise from the $75 billion valuation seen in November last year. It…

Shielded Labs proposed a new Zcash network upgrade that would let anyone verify the privacy coin’s supply has not been secretly inflated, after disclosing that a recently patched bug in the network’s main shielded pool could have allowed undetectable counterfeiting of $ZEC. Shielded Labs, a nonprofit that funds development of Zcash, the roughly 11th-largest cryptocurrency by market value, said in a blog post the vulnerability sat undiscovered in the Orchard pool from its May 2022 launch until engineers closed it this week. $ZEC reversed the week’s gains and is down 16% in the past seven days, and plunged 25% in…

Tokenization is breaking new ground — this time inside a luxury car manufacturer’s balance sheet. Lotus Technology Inc. (Lotus Tech), the maker of high-end sports cars and electric vehicles, has quietly entered an exploratory collaboration with tokenization infrastructure provider Finloop and digital payment firm FOMO Pay. According to the original press release, the three parties will examine how to tokenize vehicles — turning physical luxury assets into on-chain digital representations. No technical roadmap or timeline was disclosed. The announcement uses the word “explore” deliberately, signaling an early-stage research effort rather than an imminent token sale. Still, the specific involvement of…

Bitcoin’s next major leg down might not come from miners, ETF exodus, macro data, unknown large whales, or even wars and worsening economic conditions. Instead, it could be from the market’s largest and most famous corporate $BTC buyer if it indeed turns into a recurring seller, as many critics and experts fear. As such, we decided to ask ChatGPT about its take on the matter: how viable is the threat, and how low can $BTC go if Strategy indeed begins disposing of some of its crypto holdings to pay off dividends or other expenses? Is Strategy a Threat to $BTC’s…

The criticism had been building for months. As competing blockchains moved aggressively to try to attract developers and users, some members of Ethereum’s community questioned whether the foundation had become too inward-looking and too slow to adapt. Calls for greater transparency, clearer priorities and stronger execution grew louder, placing unprecedented scrutiny on an organization that has traditionally preferred to work in silence behind the scenes. That pressure culminated in sweeping internal changes. Over the past 7 months, nine senior members departed the Ethereum Foundation, including co-executive directors Hsiao-Wei Wang and Tomasz Stańczak, whose resignations marked the end of an experiment…

Hollywood may be embracing tokenization, but hidden or probably non-existent Matt Damon’s crypto exposure tells a different story. Despite real-world assets rapidly moving onchain, the actor has kept his personal wealth rooted in traditional real estate rather than digital assets, with his blockchain involvement remaining largely philanthropic. Public records show no evidence that Damon personally holds cryptocurrencies, stocks, or gold. Instead, his crypto connections revolve around charitable initiatives, making him something of an outlier at a time when celebrities are increasingly associated with digital assets. Crypto Partnerships Focus On Humanitarian Efforts Damon’s most recognized blockchain association dates back to Crypto.com’s…