Author: NBTC
Nigeria has officially recognized crypto as securities after the president signed the Investments and Securities Act 2024 (ISA 2024) into law. The ACT strictly protects investors, imposing at least 10 years of prison term on people convicted of Ponzi schemes. Nigeria President Bola Ahmed Tinubu boldly signed the Investments and Securities Act 2024 (ISA 2024) into law, repealing the Investments and Securities Act No. 29 of 2007. This implies that cryptos are now classified as securities and would be under the Nigerian Securities and Exchange Commission (SEC) legal jurisdiction. While this significant step attempts to curb fraudulent activities, it also…
Total value-locked of blockchains experienced explosive growth throughout the first quarter of 2025 due to multiple up-and-coming blockchains achieving significant market gains. The blockchain sector shows Sonic as its market leader with a sensational TVL boost of 2,740% while Morph maintains a TVL growth rate of 854% during Q1 2025. Statistical data indicates that blockchains are expanding quickly while decentralized financial solutions (DeFi) gain wider acceptance. Top 10 Blockchains by TVL Growth in Q1 2025@SonicLabs +2,740%@MorphLayer +854%Etherlink +697%@EclipseFND +215%@swellnetworkio +196%@sophon +157%@VenomFoundation +132%@zetablockchain +76.3%@wavesprotocol +58.5%$opBNB +55.1% pic.twitter.com/pfSfQtKmOZ — CryptoRank.io (@CryptoRank_io) April 4, 2025 Sonic and Morph Dominate the Top Blockchains List…
The Bitcoin and Ethereum ETFs demonstrated opposing movements on April 3 as Bitcoin ETFs received a sizeable inflow while Ethereum ETFs lost notable funds from their positions. The market condition shifts investor psychology based on the split between these ETF outflows. Apr 3 Update:10 #Bitcoin ETFsNetFlow: +1,941 $BTC(+$159.76M)🟢#ARK21Shares inflows 1,500 $BTC($123.45M) and currently holds 47,974 $BTC($3.95B).9 #Ethereum ETFsNetFlow: -11,195 $ETH(-$19.93M)🔴#iShares(Blackrock) outflows 10,596 $ETH($18.86M) and currently holds… pic.twitter.com/JeA7oFP26F — Lookonchain (@lookonchain) April 3, 2025 Bitcoin ETFs Attract Strong Inflows A total of 1,941 $BTC flowed into ten Bitcoin ETFs for approximately $159.76 million which demonstrates strong investor faith in the main…
Artificial intelligence-focused cryptocurrencies continued their downward trend after Microsoft slowed its data center expansion plans. Bittensor (TAO) token crashed by 10% in the last 24 hours and 24% in the last seven days. Similarly, Render Token (RNDR) fell by 10% and 20% in this period, while Grass (GRASS) crashed by 20%. The market cap of all AI tokens tracked by CoinGecko fell by 10% in the last 24 hours. The same downtrend has affected most AI-related stocks. NVIDIA, the largest player in the AI space, has fallen more than 30% from its 2024 high. AMD, which holds the second-largest market…
A massive data breach exposed thousands of Capital One customers’ sensitive data, putting them at lifelong risk of identity theft, a new class action lawsuit claims. Filed by plaintiff Andrew Willoughby, the suit alleges Capital One Financial Corporation, Capital One N.A. and Capital One Bank (USA) N.A. entities exposed its customers’ personal identifiable information (PII) due to an employee’s negligence. The suit alleges that because of inadequately protected computer systems, customers’ names, Social Security numbers, addresses, email addresses, dates of birth, telephone numbers, credit card numbers, transaction history, and other financial information exposed via a data breach. The breach happened…
RedStone, a prominent platform offering oracle solutions, has announced its exclusive role in providing price data for the tokenized money market fund BUIDL Fund on CoinGecko, a well-known crypto data aggregator. As per RedStone, the platform will reportedly supply data for the BUIDL Fund of BlackRock on CoinGecko. The platform took to its official X account to provide the details of this exclusive role. RedStone Powers BUIDL Fund Data for CoinGeckoRedStone is now providing the price data for BUIDL fund on @CoinGecko, currently valued at almost $2B market cap.This represents the largest institutional RWA tokens in the crypto ecosystem.Thread on…
The world’s largest cryptocurrency, Bitcoin, is showing a rapid price breakout, printing several consecutive long green candles on the chart. Today, over the past few hours, BTC has managed to soar by 2.36%, rising by $2,000, from $82,700 to the $84,650 price mark. This sudden price surge has taken place after news was announced that traders have increased their bets that throughout this year, the Fed Reserve is likely to conduct a further interest rate cut after all and it will total a staggering 100 basis points. That is equal to 1%. That is twice as much as the Fed…
The Shiba Inu ecosystem team has launched the highly anticipated Karma system on the Shibarium test network Puppynet. Popular community figure Shibarium Updates recently announced the development, noting that Karma is now live on Puppynet. For context, Karma is a reputation-based system that tracks and rewards users’ engagement within the Shiba Inu ecosystem. Karma Features According to Shibarium Updates, the Karma system is powered by smart contracts, such as KarmaLogic and KarmaStorage. While KarmaStorage helps record users’ activities, KarmaLogic processes the actions and eventually converts them to points. The system leverages DIDs (decentralized identifiers) to track users’ engagement, with rewards…
The SEC’s newly released stablecoin guidelines have sparked significant debate, with one commissioner raising concerns about their implications for market risks. While many industry insiders view the SEC’s changes as positive, criticism from SEC Commissioner Caroline Crenshaw highlights ongoing tensions between regulatory bodies and the crypto sector. “The issuer’s overall financial health and solvency cannot be judged by the value of its reserve,” Crenshaw emphasized, citing potential risks for stablecoin investors. The SEC’s stablecoin guidelines draw mixed reactions; Commissioner Crenshaw criticizes the risks while others in crypto see positive changes for the market. Crenshaw Disagrees, Crypto Industry Applauds Under the…
The partnership between UniLend Finance and GPUs.ai represents a vital development toward bringing artificial intelligence (AI) technologies into decentralized blockchain systems. They seek to expand Web3 limits through a unification of UniLend’s financial system innovation with GPUs.ai’s AI-based virtual computing resources. By joining forces these organizations expect to create new scalable features which will boost efficiency together with security and interoperability of decentralized AI applications. Join us in welcoming @GPUs_Ai to our ecosystem!🎊🤖GPUs transform virtual computing by blending #AI with decentralized networks, offering secure, customizable, and efficient environments for users.🤝 Together, we will explore innovative synergies and unlock groundbreaking… pic.twitter.com/mpFCqRdEun…