Author: NBTC
House Financial Services Committee Chairman Patrick McHenry has accused SEC Chair Gary Gensler of misleading Congress concerning the classification of Ethereum during his testimony in April 2023. The accusation comes amid escalating tensions over the regulatory approach to digital assets in recent months, with some industry participants filing lawsuits against the watchdog for overstepping its authority. ‘Arbitrary and capricious’ In a statement released on April 30, McHenry highlighted that recent court documents suggest Gensler intentionally evaded questions from the committee about whether the SEC views ETH as a security. The allegations raise concerns about transparency and consistency at the SEC,…
This key decision underlines ZettaBlock’s commitment to providing developers and business organizations access to diversified blockchain data. It is an elegant addition to the Sui Ecosystem technology transformation. The Sui blockchain became a topic of discussion due to innovative data and asset-themed architecture. The smart feature of the Sui ecosystem is that it empowers Web3 applications in an unimaginative style. ZettaBlock is armed with a mission of accelerating innovation within this rapidly transforming system. Developers and business establishments can integrate Sui data into their applications, data warehouses, and analytics systems. According to a top-level executive of ZettaBlock, the new step…
The Fed decided to leave the interest rate steady. The expectation was that interest rates would be kept constant. Here is Bitcoin’s first reaction after the decision: Now all eyes are on FED President Jerome Powell. Powell is expected to make a speech at 21:30 GMT after the FED’s third meeting of the year. You can follow all the details of this speech live on Bitcoinsistemi.com. At the close of the two-day meeting that started on Tuesday, the FED was expected to keep the short-term interest rate unchanged between 5.25% and 5.5%, the highest level in 23 years. FED officials…
Dog-themed meme crypto Dogecoin has surged by 10% in the past day, reclaiming $0.20 for the first time since December 2021. Dogecoin is currently priced at $0.2038, up 10.8% on the day and 34.6% on the week, per data from CoinGecko. The cryptocurrency last hit $0.20 on December 4, 2021, according to the crypto price tracker. It remains a far cry from its all-time high price of $0.73, posted in May of that year at the height of the crypto bull market. FULFILL THE PROPHECY #DOGE pic.twitter.com/J3fweq2hKH — Crypto Thies (@kingthies) March 25, 2024 The meme coin’s price bump comes…
Web3 publishing app Mirror is being acquired by Paragraph, a competing platform. Mirror’s team will continue to operate independently and will shift its focus to developing “Kiosk,” a Web3 social app based on Farcaster that blends blockchain and e-commerce. Mirror and Paragraph will eventually merge into a single, unified product suite according to Paragraph’s founder. Paragraph, the company behind a suite of blockchain-based publishing tools, has acquired Mirror, its biggest competitor in the Web3 creator space. The Mirror team will continue to operate as a separate company but is pivoting to focus exclusively on Web3 social media. The team’s main…
A cryptocurrency analyst and trader is warning that Bitcoin (BTC) may see another move to the downside in the next two weeks. The analyst pseudonymously known as Rekt Capital tells his 74,300 YouTube subscribers that the current Bitcoin correction may be mirroring its 2016 halving price action when BTC witnessed two corrective waves: one before the halving and another after the halving. According to the analyst, the historical precedent suggests that it is within the realm of possibility for BTC to witness another pullback within weeks after the most recent halving. “If you look at these halving retraces, a small…
Web3 entertainment firm Imaginary Ones has recently secured substantial funding in a round to accelerate the development of its web3 entertainment ecosystem. According to a press release shared with crypto.news, the latest investment is part of an oversubscribed round to boost the company’s web3 entertainment, blending gaming, digital content, and merchandise. “These funds will fuel our ambitious expansion plans, allowing us to scale up operations and deliver even more immersive experiences within the Imaginary World. We want to strengthen our position as a leader in web3 entertainment,” the Imaginary Ones team told crypto.news. The web3 firm did not disclose the…
IOTA’s distributed ledger technology (DLT) combined with real-world asset (RWA) tokenization presents a promising avenue for revolutionizing the real estate industry. Through the utilization of IOTA’s DLT, the real estate sector can also potentially overcome hurdles related to material procurement, quality assurance, etc. The IOTA blockchain network has been at the forefront of solving several real-world problems ranging from traffic congestion, transparent electricity distribution, addressing supply chain issues, and much more. Now, with real-world asset (RWA) tokenization around the corner, popular IOTA analyst n/a.iota explains how IOTA’s DLT combined with RWA tokenization paves the way for key developments in the…
Cobra, the pseudonymous owner of the Bitcoin.org domain, has voiced concerns about future actions from the U.S. government regarding bitcoin ownership. He anticipates a possible ban on the self-custody of bitcoin even when its application and enforcement might be impractical. Bitcoin.org Owner Cobra: Bitcoin’s Self-Custody Might Be in Danger in the U.S. Cobra, the pseudonymous owner of the Bitcoin.org domain, has warned about the upcoming perils and limitations that the self-custody of bitcoin might face in the forthcoming eras. For Cobra, governments of the world and the U.S. might be preparing to issue a total ban on bitcoin self-custody, meaning…
Tangem, a key cryptocurrency wallet, has revealed a major upgrade to its platform through the addition of more 8 networks to its ecosystem. The most recent networks added to its stable include Moonbeam, ZkSync, Base, zkEVM, Moonriver, PLAYA3ULL GAMES, Flare, and Taraxa. This move demonstrates the provider’s commitment to the helping its users to attain the latest technologies while meeting the unique demands of its broad user base. We just dropped a major update! Our dev squad has been grinding hard to add 8 NEW NETWORKS to the mix. That’s 🔥Show some love and let them know how much you…