Author: NBTC
A recent ruling from the Second Circuit Court of Appeals in a Uniswap Labs case reaffirms that neutral, decentralized software creators should not be held liable for third-party misuse of that technology. According to an article from the DeFi Education Fund, the decision strengthens legal protections for decentralized finance (DeFi) developers and marks a significant moment for developers. Neutral technology The lawsuit against Uniswap Labs and certain venture capital investors alleged violations of US securities laws by enabling the trading of “scam tokens” on the decentralized exchange (DEX) Uniswap. A central question in the case was whether Uniswap’s smart contracts…
XION, a layer 1 blockchain backed by Circle and Multicoin, becomes the first mainnet platform to comply with European Union regulations. The walletless blockchain, focused on bridging web2 and web3, announced the milestone in a press release shared with crypto.news on March 13. Following the news, the utility token—used for network fees, governance, and proof-of-stake security—bounced more than 10%. XION was trading around $0.90 at the time of writing. According to the venture capital-backed L1, EU compliance also sees it become the first blockchain network to release a Markets in Crypto-Assets whitepaper. You might also like: Proof-of-stake blockchain XION introduces…
Ethereum (ETH) is down around 33% since Eric Trump brazenly predicted, “it’s a great time to add $ETH.” Trump made the claim (which originally also said “thank me later”) on February 3 via his X account. At that point, ETH’s price stood at around $2,877.32. However, fast forward five weeks, and it has dipped to $1,908.57 at the time of writing — a slide of just over 33%. The dip marks the currency’s worst February — a month when it traditionally sees stellar performance — since 2018, when it fell by just under 54%. The Trump name is seemingly becoming…
A Federal Reserve inflation gauge has shown signs of easing, sparking reactions across financial markets, including cryptocurrencies. As inflation pressures lessen, investors are reassessing their positions, leading to price movements on Bitcoin and other digital assets. According to the Labor Department, the February consumer price index was softer than expected, rising a seasonally adjusted 0.2% from January, bringing the annual inflation rate to 2.8%. Dow Jones economists were expecting monthly and yearly gains of 0.3% and 2.9%, respectively. The U.S. February unadjusted CPI annual rate was recorded at 2.8%, the lowest since November last year; the U.S. February seasonally adjusted…
Renowned Bitcoin advocate Davinci Jeremie has issued a public warning about XRP, claiming that funds in XRP could be frozen at will, putting holders at risk. According to Jeremie, “Your money is not truly yours with XRP. They can freeze it any time.” He went on to explain his reasoning, stating that XRP is a “banker’s coin,” given its utility in the financial system. Jeremie claimed that those who are okay with supporting banks that could potentially steal people’s wealth should buy XRP. He argued that doing so means supporting the wealthiest criminals in society. “If you love your criminal…
The Karrat Foundation, which is linked to the battle royale game My Pet Hooligan, announced Thursday that it is collaborating with the Arbitrum Foundation to launch a gaming-focused chain called Studio Chain, which is aimed at fostering Web3-native capabilities in entertainment and video games. The collaboration places the KARRAT token at the forefront of the chain built with Arbitrum’s Ethereum layer-2 scaling tech, and makes My Pet Hooligan (MPH)—which is available via the Epic Games Store—the flagship game of the budding ecosystem. “Studio Chain and the My Pet Hooligan franchise bring with them a rich source of content and culture…
A closely followed crypto analyst says that a big stock market rally that will boost Bitcoin (BTC) and digital assets appears to be just over the horizon. In a new video update, Jason Pizzino tells his 348,000 YouTube subscribers that US stock markets look to be gearing up for another rally that will push Bitcoin and crypto assets up as well. “In terms of the S&P 500… I’m waiting and seeing whether we do start to push harder and faster above [its] resistance and it really has hit its head on this resistance multiple times, and I’m getting prepared for…
Longling Capital, an established player in the crypto sector, executed a substantial move by pulling out 10,001 ETH worth $19.16 million from Binance. The company made this transaction right after transferring 21,000 ETH worth $38.81 Million to the exchange. Attention from investors increased following this fast transfer of funds, which triggered discussions about possible trading activities or strategic market changes. A Look Back: Longling Capital’s Past Liquidation Longling Capital experienced 93,793 ETH worth $114 million worth of liquidations in the June 2022 market crash. In volatile markets, high leverage positions create risks which were displayed when this completed one of…
Inflation cooled more than expected in February, offering hope that the Federal Reserve may be closer to cutting interest rates. However, the crypto market remained largely unresponsive despite the positive economic signal. Wednesday’s Consumer Price Index report showed that inflation eased to 2.8% over the past 12 months, down from 3% in January and slightly beating the 2.9% forecasted by economists. Perhaps surprisingly, crypto prices were unresponsive. Bitcoin (BTC) was trading at $82,770.45 late Wednesday afternoon, roughly flat over the past 24 hours. The total crypto market was valued at $2.68 trillion, down 0.25% over the past day. Read more:…
The pseudonymous marketing lead of the Shiba Inu team, famous on social media as Lucie, has taken to the X network (formerly popular as Twitter), to issue a crucial message to the SHIB army and assure them that SHIB and all other Shibarium tokens are likely to have a bright future. She revealed several important factors SHIB and all Shibarium tokens are backed by. Lucie was optimistic in her post, sharing that optimism with the crypto community. “All our tokens will survive and rise” Lucie addressed the Shiba Inu community, predicting a bullish future to SHIB, BONE, LEASH, and other…