Author: NBTC
Gary Gensler’s Securities and Exchange Commission (SEC) branded Binance.US “a cauldron of fraud,” and used its power and influence to choke off the firm’s banking relationships and USD fiat ramps, despite failing to produce any evidence to back up its claims in court, the interim chief of Binance.US told CoinDesk in an interview. In June of 2023, incensed by the chicanery of crypto exchange FTX, the SEC sued Binance and Binance.US, as well as their owner Changpeng Zhao for charges that included violations of securities laws. Later, Binance agreed to a $4.3 billion settlement with U.S. authorities, and Zhao served…
Many FTX creditors face delays in receiving their funds as the cryptocurrency exchange continues with its complex Chapter 11 bankruptcy process. While progress has been made on the reorganization plan, a significant number of creditors are still waiting for their payouts. A recent update on the X platform by Sunil, an FTX creditor, sheds light on the challenges faced by creditors in specific jurisdictions. FTX Claims Distribution UpdateFTX creditors in countries including Egypt, Iran, Nigeria, Ukraine, China, Russia, Saudi Arabia are not currently eligible for distribution with the current distribution providers @bitgo @krakenfx despite FTX recognizing, creditors may have an……
Self Chain partners itself with Unmarshal AI, a decentralized network for indexing, APIs, analytics, and real-time blockchain data notifications. Through this partnership, developers in the Self Chain platform are expected to gain better support and new tools through smarter and more efficiently developed applications. 📢 Partnership Announcement 📢We are excited to welcome @UnmarshalAI to the Self Chain ecosystem!With this collaboration, developers building on Self Chain can leverage Unmarshal’s AI-powered data solutions to enhance accessibility, and create more target=”_blank”>pic.twitter.com/YmS29HEKNw — Self Chain (@selfchainxyz) January 15, 2025 Revolutionizing Data Access with Unmarshal AI Unmarshal AI is an AI decentralized network with specific…
Bitcoin (BTC) may be at risk of a catastrophic “bank run,” according to Justin Bons, founder and CIO of Cyber Capital. A bank run is when customers withdraw their deposits from a financial institution over fears of insolvency. Bitcoin Cannot Handle Mass Exits, Bons Says In a detailed social media thread, Bons highlighted critical flaws in Bitcoin’s transaction capacity, self-custody model, and network security. In his opinion, these could lead to a crisis that would destabilize the network and devastate investors. Bons’ analysis centers on Bitcoin’s limited transaction processing capability, which he calculated at approximately seven transactions per second (TPS).…
SFTs transform virtual economies, offering unparalleled flexibility for tradable and customizable in-game assets. SFTs enable fractional property ownership, enhancing liquidity and accessibility in high-value real estate investments. SFTs combat fraud and enhance transparency in event ticketing with verifiable ownership and seamless transferability. Semi-fungible tokens (SFTs) are evolving as innovative structures in the digital assets space because of their hybrid nature between fungibles and non-fungibles. Such dual-use functionality allows SFTs to toggle between the fungible and non-fungible states and thus can be applied across sectors. They are flexible cost-effective and dynamic in design and have brought about elaborate applications shortly. Gaming…
Craig Wright has seemingly taken the first steps to challenge the verdict of the Crypto Open Patent Alliance’s (COPA) contempt of court case, according to sources familiar with the proceedings. According to patent attorney David Pearce, who cites people directly involved with the case, documents filed with the court by Wright earlier this month are likely an application for permission to appeal. Pearce told Protos, “I’m aware from Wright’s very brief comments and, more reliably, from someone I know involved in the COPA v Wright case that he has submitted something to the Supreme Court. “This would have to be…
First Digital USD (FDUSD), a multi-blockchain audited stablecoin pegged to the U.S. dollar, enhances its availability on Binance (BNB), the largest crypto exchange by trading volume and user count. Traders are invited to deposit and withdraw FDUSD paying no fees. Solana’s FDUSD listed by Binance with zero-fee promo Binance (BNB), a dominant centralized crypto exchange, shared details of its latest stablecoin listing so far. Solana-based version of First Digital USD (FDUSD), a Hong Kong-regulated USD-pegged stable cryptocurrency, is now available for all Binancians. #Binance now supports First Digital USD (FDUSD) on the Solana Network with zero fees on deposits and…
Leading Decentralized Artificial Intelligence company Bluwhale AI has partnered strategically with Atlas Navi, an AI-guided navigation App. The partnership is expected to disrupt the navigation market by using advanced AI-assisted road assessment, the decentralized ownership of data through the blockchain, and ‘Drive-to-Earn’ incentives. 🚀 We’re excited to announce our strategic partnership with @AtlasNavi, revolutionizing the navigation industry with AI-driven road analysis, “Drive to Earn” rewards, and blockchain integration! 🌍💡Bluwhale empowers Atlas Navi with decentralized AI, enabling data ownership,… pic.twitter.com/1zTDRlkdN9 — Bluwhale AI (@bluwhaleai) January 15, 2025 This partnership is based on integrating AI technology with blockchain to improve the transportation…
Vitalik Buterin, the brain behind Ethereum, made headlines again. This time, it wasn’t about tech but how he handles his crypto fortune. Recently, he sold some meme coins for $81,800 and donated over $1 million to a non-profit. There’s more to this story than just numbers, though. Let’s break it down. Meme Coins Turned Into Millions Vitalik sold four meme coins in his latest transaction, earning 24.5 ETH. That’s about $81,800 in real money. Here’s what he sold: $LEDOG: 330 billion tokens netted 10.96 ETH, worth $36,700. $DOGC: 3.03 trillion tokens brought in 10.8 ETH ($36,000). #99: 19.95 million tokens…
Ripple’s CTO, David Schwartz, criticized the SEC’s regulatory approach following Coinbase’s recent legal win against the agency. Schwartz shared an excerpt highlighting how the SEC’s lack of clarity fails to provide adequate notice, violating due process requirements. https://twitter.com/JoelKatz/status/1878898324667048000 The shared text called out the SEC for applying broad rules to a diverse crypto industry. The Commission has focused on cryptos that resemble traditional stocks, ignoring the distinct characteristics of stablecoins, utility tokens, and other digital assets like Bitcoin and Ether. Crypto Industry Demands Tailored Regulations In the meantime, crypto community stakeholders decry the SEC’s silence over a tailored regulatory framework.…