Author: NBTC
By taking action against Chicago-based trading firm Cumberland DRW, the U.S. Securities and Exchange Commission (SEC) has issued a general warning signal to crypto market participants, especially those with ties to traditional finance, according to regulatory experts. Sean Tuffy: “Cumberland Case Was a General Warning to Crypto Market” The SEC’s lawsuit accuses Cumberland DRW of operating as an unregistered dealer in the cryptocurrency markets, with the regulator citing nearly $2 billion worth of transactions that it claims constitute securities transactions. “I would be surprised if this was the only case the SEC had on its hands, and similar firms should…
Dune Analytics has recently announced a thrilling development by integrating B3 Chain. As per Dune Analytics, this integration denotes an important move in the evolution of blockchain gaming-related data, letting gamers and developers explore, analyze, and track the dynamics of blockchain gaming in a new way. The platform took to its official social media account to offer insights into this endeavor. ⏰ The week is not over yet and we are bringing 1️⃣ more chain onto Dune!Welcome @b3dotfun, the L3 blockchain built on top of @base dedicated to optimizing Web3 gaming, is now LIVE on Dune! 🎮🔥Start exploring B3 data…
Recent market analysis shows that Bitcoin has been trading below its 200-day simple moving average (SMA) for over a month, raising investor concerns. According to data shared by analyst Ali Martinez, Bitcoin’s movement below this level has often signaled a period of bearish momentum, with potential corrections to follow. Currently, the 200-day SMA is around $64,000, a level Bitcoin last approached roughly four weeks ago. Bitcoin’s inability to break back into this level suggests continued resistance in the market. According to Martinez, Bitcoin’s price could be headed toward its Realized Price at approximately $31,500, which is historically a key support…
During a recent appearance on the “Thinking Crypto” podcast, Ripple CEO Brad Garlinghouse stated that an initial public offering (IPO) has not been “a high priority” for Ripple. Ripple has no immediate plans to go public due to its longstanding legal battle with the SEC, stating that the agency is not Ripple’s “friend.” Garlinghouse explained that most companies choose to go public specifically because they want to raise capital. However, Ripple has been “fortunate” to be in a strong financial position. “We have continued to make acquisitions. We’ve continued to invest in lots of different projects around crypto, around XRP.…
In a single block, the Cardano blockchain processed eight transactions for 1,600 recipients with just $2.38 in fees. This demonstration of scalability and affordability was highlighted by Charles Hoskinson, the creator of Cardano, when he reposted an X (formerly Twitter) post originally shared by Dedium, a Cardano-based decentralized GPU computing network. This showcases Cardano’s potential as a leading blockchain platform. #Cardano can transfer assets to 1,600 users within a single block, all for a fee of just 5.16 $ADA. https://t.co/nwtfYzsGJI — Cardano YOD₳ (@JaromirTesar) September 25, 2024 The block that processed the eight transactions reached 80 TPS without using Hydra,…
PlatON Network has recently announced an exclusive collaboration with UXUY for the UXUY Telegram Wallet’s integration into the Telegram ecosystem. As per PlatON, the partnership promises to offer an additional effective and seamless experience for consumers by providing a series of crypto and fiat services via Telegram. The platform took to its official X account to provide the details of this initiative. 🎊Thrilled to announce a news!👏#PlatON has partnered with @uxuycom to integrate the #UXUY Telegram Wallet, offering the Telegram ecosystem comprehensive fiat and crypto services. With @topos_network clearing system, merchants and users can enjoy better exchange rates and lower……
Around 23,000 Bitcoin options contracts are due for expiry on Friday, Sept. 13. These derivatives have a notional value of around $1.34 billion. Today’s options expiry is roughly double the size of last week’s expiry event, so the impact on dampened crypto spot markets may be greater. Bitcoin Options Expiry This week’s batch of Bitcoin options contracts has a put/call ratio of 0.86, which means there are slightly more long (call) contracts expiring than shorts (puts) but they are more closely matched. Open interest, or the value of open contracts yet to expire, is still high at strike prices of…
Bitcoin protocol Surge has raised $1.8 million in pre-seed funding to solve the network’s scalability issues. As the Bitcoin (BTC) ecosystem keeps facing unresolved scalability challenges, startups keep searching for a solution that would open doors for billions worth of dollars in liquidity from the decentralized finance space. Surge, a Bitcoin-centric protocol developed to unlock the BTCfi economy, has bagged $1.8 million in pre-seed funding to unlock the cryptocurrency’s “full potential as a global currency and a base layer for innovation,” per a press release shared with crypto.news. Supported by firms like Autonomy, Gerstenbrot Capital, and Double Peak Group, as…
Did you know, the Founder of Shiba Inu, with a pseudonym Ryoshi, had planned a stable coin in the Shiba ecosystem? The marketing lead of Shib shared exciting details about this stable coin in her recent X (formerly Twitter) post. The stable coin was introduced by the founder in 2021 and named it SHI. It is a significant development for the Shibarium network. Although the stable coin is still in the development stage, it excited the community. Let’s discuss the features and importance of SHI, as shared by Lucie. The SHI Stablecoin: A Key Development for Stability and Utility in…
FractureLabs, the developer of the online game “Decimated,” has filed a lawsuit against Jump Trading. accusing the firm of market manipulation, Bloomberg News reported on Oct. 16. The complaint alleges that Jump engaged in a “pump and dump” scheme with the game’s native token, DIO, which is traded on crypto markets. Allegations According to the filing, FractureLabs planned to raise funds through an initial offering of DIO on HTX — formerly Huobi — and hired Jump as a market maker in 2021. As part of their agreement, FractureLabs loaned 10 million DIO tokens to Jump’s subsidiary and sent 6 million…