Author: NBTC
Uniswap Labs, the creator of the Uniswap decentralized exchange (DEX) protocol and the issuer of the UNI token, was hit on Wednesday with a Wells notice by the US Securities and Exchange Commission (SEC) and vowed to fight back. A Wells notice is a notification from regulators to an individual or company that an investigation on them has been completed, infractions have been discovered, and they are about to take legal action. Why Did Uniswap Receive a Wells Notice? News first broke that the SEC was investigating Uniswap last summer. Now that the Wells notice is here, Uniswap Labs is…
Although Bitcoin (BTC) has started the week on a positive note, recovering from the recent losses that followed its new all-time high (ATH), the maiden cryptocurrency is inching closer to a major ‘danger zone’ in which it has historically started to make its pre-halving retraces. Specifically, Bitcoin has traditionally performed pre-halving retraces in the period between 14 and 28 days before its halving event, with a 40% retrace in 2016 and a 20% one in 2016, according to the observations shared by crypto trading expert Rekt Capital in an X poston March 17. Highway to the danger zone In other…
Layer-1 blockchain Berachain has successfully secured $100 million in a Series B funding round co-led by Brevan Howard Digital’s Abu Dhabi branch and Framework Ventures, as reported by Bloomberg. Polychain Capital, Hack VC, and Tribe Capital also participated in the funding round, which is a SAFT, a simple agreement for future tokens, and had an amount approximately 45% larger than initial reports predicted. “We see this raise as a major validation of our approach to building a blockchain that’s built on feedback from real users and developers, and driving value to those groups who are actually contributing to the network’s…
In an unexpected turn of events, half a billion XRP tokens were unlocked from unknown escrow accounts earlier today, according to data from Whale Alert. This departure from the usual monthly unlocking of Ripple accounts has left the community buzzing with speculation. The unlocking occurred in two stages, with 200 million XRP initially released, equivalent to $122.64 million, followed by an additional 300 million XRP, valued at $183.89 million. Notably, both transactions originated from the “rDqGA” address, which has been linked to Ripple since 2017, though it had remained dormant since 2021, per Bithomp records. 🔓 🔓 🔓 🔓 🔓…
The crypto industry is rallying behind Uniswap, a leading decentralized exchange (DEX), after the US Securities and Exchange Commission (SEC) issued the platform a Wells notice. The notice signals a potential enforcement action, escalating regulatory tensions within the fast-growing decentralized finance (DeFi) sector. Industry Titans Stand United; Uniswap Shows Resilience Prominent figures, including Coinbase CEO Brian Armstrong and Haun Ventures CEO Kathryn Haun, have publicly backed Uniswap. They expressed criticisms of the SEC’s approach. Armstrong emphasizes the importance of unity in the crypto sector during the upcoming November election. He also promoted Stand With Crypto, an organization pushing for clear…
Bitcoin, developed by Satoshi Nakamoto, symbolizes the cryptocurrency revolution. Its innovative blockchain technology promises open, safe, and decentralized financial transactions. This will revolutionize finance in the contemporary world. Despite its volatile nature, Bitcoin’s allure lies in its potential to reshape global finance. This article delves into the realm of Bitcoin ETFs and futures, exploring their significance in navigating the cryptocurrency landscape. From understanding the fundamentals to analyzing market impacts, explore a journey to uncover the evolving role of Bitcoin ETFs and futures in shaping the future of digital finance. Bitcoin: The Heart of Cryptocurrency Bitcoin is at the center of…
Larry Fink, CEO of BlackRock, the world’s largest money manager, said today that the FED may reduce interest rates this year, but may not meet its inflation target. BlackRock also has a Bitcoin Spot ETF called IBIT. While markets are nervous about the direction of monetary policy, Fink said he was skeptical about the central bank reaching its 2% inflation target anytime soon. Fink’s remarks come in light of the latest report showing inflation running at 3.5% annually. Despite the high inflation rate, Fink expects the Fed to make some interest rate cuts this year. However, he also predicts that…
Blockchain forensics firm TRM Labs has expanded its leadership team, appointing Boon Hui Khoo as senior advisor. In a blog announcement on April 11, blockchain forensics firm TRM Labs announced the appointment of Boon Hui Khoo as senior advisor, signalling the company’s strategic move to boost its regulatory outreach efforts, particularly in the Asia Pacific region. At the firm, Khoo will help TRM Labs combat fraud and financial crime in crypto, fostering closer ties with regulatory bodies worldwide. TRM Labs CEO Esteban Castaño expressed confidence in Khoo’s wealth of experience, citing his invaluable insights to bolster collaboration with law enforcement…
Bitfinex warns of potential centralization of mining power amid concerns over the upcoming Bitcoin’s halving, which could increase financial pressure on small miners. Bitcoin’s upcoming fourth halving scheduled for around Apr. 20 might force smaller miners to exit the market, with remaining mining operations likely to be accessible only by publicly traded miners. According to a recent report by Bitfinex, the upcoming halving event could prompt smaller miners to exit the market altogether, leaving the field dominated by publicly traded mining companies. This concentration of mining power, Bitfinex cautions, is “contrary to Bitcoin’s ethos.” “Centralization risks could mean the potential…
The head of the largest bank in the US says he’s concerned about “significant uncertain forces” brewing on the global stage. In the firm’s first-quarter earnings results, JPMorgan CEO Jamie Dimon says persistent inflation and new, violent conflicts are his two top concerns as Q2 begins. “Many economic indicators continue to be favorable. However, looking ahead, we remain alert to a number of significant uncertain forces. First, the global landscape is unsettling – terrible wars and violence continue to cause suffering, and geopolitical tensions are growing. Second, there seems to be a large number of persistent inflationary pressures, which may…