Author: NBTC
Sean “Diddy” Combs has hired Alexandra Shapiro, a prominent white-collar appellate lawyer, in his bid to secure bail after being denied release in a Brooklyn jail ahead of his trial on sex trafficking charges, according to Business Insider. Shapiro is also representing Sam Bankman-Fried, the disgraced crypto mogul and Combs’ prison roommate. Court records reveal that Combs has turned to Shapiro, a seasoned attorney who previously clerked for former Supreme Court Justice Ruth Bader Ginsburg, to appeal the judge’s decision to keep him in custody. Shapiro has already filed a 102-page brief on behalf of Bankman-Fried in his ongoing appeal…
People have always been greedy for easy money through games, movement or tapping, but often it ends sadly. Is there a future for earning money for daily actions? The Hamster Kombat airdrop have saddened thousands, if not millions, of users. However, this scenario is not new — the crypto community has already seen the rapid rise and fall of several mechanics that supposedly allow to earn money for simple actions. What have we learned from that? Table of Contents Early appearance: hope for stable earnings Healthy habits replace gaming, but not for long Mechanics become simpler Will the community learn…
Maelstrom, the family office of former BitMEX CEO Arthur Hayes, has awarded Jon Atack a one-year Bitcoin developer grant. He is the second recipient of Maelstrom’s grant program supporting open-source Bitcoin developers. Jon is an experienced contributor to Bitcoin Core, having started in 2019. He was also recently made a maintainer of Bitcoin Improvement Proposals (BIPs). In a statement, Arthur Hayes said, “We hope this financial support allows Jon to focus on his work on Bitcoin without worrying about income.” He emphasized the grant’s no-strings-attached nature, giving Atack freedom to work independently. Bitcoin’s open-source codebase depends on voluntary developers, so…
Fed Chairman Jerome Powell delivers a speech at the National Association for Business Economics (NABE) Conference. As Bitcoinsistemi.com, we are updating Powell’s statements to you: The risks are two-way and decisions will be adjusted according to each meeting. If the economy develops as expected, policy will gradually shift to a more neutral stance. The U.S. economy is in good shape, and we intend to use the tools at our disposal to protect it. Labor market conditions are strong and the labor market is roughly balanced. We do not think we need to see further cooling in the labor market to…
Xena, a Bitcoin holder with a notable following in the crypto community, has reassured XRP investors that they are right about their investment choice. The community commentator shared this view in a recent post, seeking to help XRP holders keep a positive mindset amid market volatility and external criticism. Xena emphasized that even seasoned investors face emotional challenges when their assets experience periods of stagnation, but she urged XRP holders not to lose faith. Notably, this commentary comes at a time when XRP is experiencing a protracted period of underperformance, though the trend is gradually improving. XRP has increased by…
Ripple CEO Brad Garlinghouse recently commented on the company’s latest regulatory milestone in the Middle East. Earlier today, the company announced that it had secured approval from the Dubai Financial Services Authority (DFSA), the regulatory agency that oversees the financial services that are conducted within the the Dubai International Financial Centre (DIFC). After receiving the green light from the DFSA, Ripple can now expand its payment services in the UAE. It has become the first blockchain-powered payment provider that has managed to achieve such a milestone. In his social media post, Garlinghouse has stressed the importance of regulatory clarity, stating…
China’s over-the-counter (OTC) cryptocurrency brokers are seeing record inflows as investors look for alternatives to weak stock and property markets in a slowing economy. According to a recent report by Suvashree Ghosh for Bloomberg, citing a study by Chainalysis Inc., OTC brokers received over $20 billion in each of the first three quarters of 2024, amounting to a $75.4 billion total over the nine-month period—an all-time high in data tracking back to 2021. Despite Beijing’s three-year-old ban on digital asset trading, Chainalysis reports that Chinese demand for crypto remains robust. OTC services are popular because they allow investors to discreetly…
The cryptocurrency market has rebounded more than 6 percent in the past 24 hours to about $2.24 trillion, and worldwide (WLD) has not been left behind. According to the latest crypto data, WLD price rebounded more than 8 percent in the past 24 hours to trade around $1.76 on Friday during the early Asian session. However, the WLD price is still far from full recovery as the holders have experienced nearly 85 percent in drawbacks over the last five months. In comparison, since March this year, Solana (SOL) and Dogecoin (DOGE) prices have retracted by about 30 percent and 50…
The Cryptocurrency Open Patent Alliance (COPA) has joined forces with Unified Patents to protect the crypto community from patent trolls, launching a new Blockchain Zone aimed at challenging patents held by non-practicing entities (NPEs) that could threaten the open-source ecosystem. According to Unified Patents, this initiative seeks to deter NPE activity in the crypto sector, where such entities account for 58% of all US patent litigation. Paul Grewal, Chief Legal Officer at Coinbase and a member of COPA, emphasized the significance of this collaboration, saying: “Patent trolls are barriers in the path of innovation; they hinder the progress of technology…
Even as Bitcoin continues to grapple with the key level of $64,000, experts are pointing to Ethereum’s outperformance of Bitcoin since the Federal Reserve’s 50 basis point rate cut as a possible indicator of shifting market dynamics. Despite the minor pullbacks, institutional interest in both assets persists. Bitcoin spot ETFs reported a net inflow of $106 million on September 25, extending a 5-day streak. BlackRock’s iShares Bitcoin Trust (IBIT) alone saw an inflow of $184 million. Meanwhile, Ethereum spot ETFs brought in $43.2 million, including $26.6 million into Grayscale’s (ETH) ETF, according to data from SoSo Value. Meanwhile, interest in…