Author: NBTC

A federal judge denied a crypto firm’s request last week to dismiss an SEC complaint alleging that the sale of its purported mining hardware to customers constituted an investment contract. And while the move spurred some speculation on social media over the implications for such hardware, legal analysts say there’s no immediate reason for concern. According to the lawsuit, filed in March 2023 in the U.S. District Court for the District of Utah, Green United allegedly defrauded investors of $18 million by selling them “Green Boxes” that failed to mine digital tokens called GREEN as promised. That’s because the Ethereum-based…

In an unexpected turn, prominent Telegram crypto game X Empire—previously known as Musk Empire—has launched a new mini-season ahead of the airdrop, offering players another chance to rack up a share of tokens before the launch. It’s unexpected because on Monday, X Empire shut down its game—described as ending its initial mining phase—ahead of the planned token launch and airdrop, which are now expected to come in the back half of October. But with the new “Chill Phase,” X Empire players will be able to continue tapping their avatar—be it Elon Musk-inspired or otherwise—and unlock various upgrades. However, all character…

Marlin and io.net have joined forces to accelerate decentralized AI through confidential computing. This strategic collaboration aims to provide developers with secure and scalable GPU solutions essential for real-world AI adoption in Web3. Marlin disclosed this groundbreaking news to its community through a social media platform, X. Confidential compute for decentralized AI is turning out to be the need of the hour for developers to build the applications for real-world adoption.We’re pumped to be teaming up with @ionet to provide them with the tools needed to make this happen. pic.twitter.com/n7FG0GvP8p — Marlin (@MarlinProtocol) September 30, 2024 Marlin Expands Confidential Computing…

Asphere, a leading Web3 development hub, announced a strategic partnership with Babylon to enhance Bitcoin Layer 2 (L2) engineering. This collaboration seeks to create customizable Layer-2 (L2) solutions using Babylon’s innovative Bitcoin ($BTC) staking protocol. By leveraging the existing security of the Bitcoin network, this partnership opens new opportunities for developers in the blockchain ecosystem. Asphere and Babylon’s new alliance taps into Bitcoin’s vast liquidity and $1T market capitalization. This significantly lowers barriers for developers looking to build applications without needing to bootstrap additional security capital. Babylon’s protocol also enables seamless integration of decentralized apps, offering higher scalability, decentralization, and…

Ripple’s win against the SEC has shaken the crypto world, lifting XRP’s market price to reach a four-month high of $0.66. Following the court’s decision, which clarified that XRP itself is not a security. This has opened the door for potential new partnerships and integrations. Attorney Fred Rispoli has suggested that Elon Musk might seize this moment to integrate XRP into his X Payments platform. Rispoli believes Musk could use this chance to make a bold statement against regulatory pressures. Here’s a closer look at this intriguing possibility. Musk’s Golden Opportunity Attorney Fred Rispoli has publicly urged Elon Musk to…

Wyoming Senator Cynthia Lummis criticized the US Securities and Exchange Commission (SEC) and its chair, Gary Gensler, urging for improved crypto regulation in the country. Many within the crypto community have also expressed frustration, accusing Congress of unfairly placing the blame solely on the SEC. Senator Lummis Predicts Gary Gensler’s Exit as SEC Chair Speaking on CNBC’s Squawk Box, Lummis suggested that Gensler may step down as SEC chair next year, though she acknowledged that he “loves the job” and might not want to leave. She noted, however, that this scenario could change if Vice President Kamala Harris wins the…

The Australia and New Zealand Banking Group (ANZ) has teamed up with Singapore-based Guardian Project to explore the benefits of real-world asset (RWA) tokenization in financial markets. The initiative is part of ANZ’s broader efforts to experiment with blockchain technology as the bank looks to improve the movement of tokenized assets across different blockchain networks. In a press release on September 30, ANZ announced its collaboration with Chainlink Labs and ADDX, a Singapore-based investment firm, to test how tokenized assets such as commercial paper can interoperate across blockchains. The project will involve the use of Chainlink’s Cross-Chain Interoperability Protocol (CCIP)…

U.S. Bitcoin exchange-traded funds (ETFs) have recorded an impressive growth trajectory. In January, the products gained regulatory approval from the U.S. Securities and Exchange Commission (SEC), and since then, they have been accumulating Bitcoin nonstop. Road to beating Satoshi Nakamoto In a post on X, Eric Balchunas, Bloomberg’s Senior ETF Analyst, highlighted the ETFs’ achievement. The post drew attention to the products’ overall performance since they were approved for trading. Notably, the U.S. Bitcoin ETF attained $17.8 billion in inflows in 2024, setting a new record for the digital asset’s year-to-date (YTD) accumulation of 916,047 BTC. That is just about…

Map Protocol announced its integration with the Tron blockchain on Thursday, aiming to launch pioneering chain-to-chain communication capabilities on the TRX network. MAP Protocol Integrates with TRON to Facilitate Enhanced Cross-Chain InteroperabilityMAP Protocol is thrilled to unveil an integration with the TRON blockchain.@MapProtocol will provide advanced cross-chain messaging capabilities to @trondao. The integration will broaden the… pic.twitter.com/tMYlb5SyBi — MAP Protocol (@MapProtocol) August 8, 2024 Also, the alliance aims to broaden MAP Protocol’s reach while offering Tron builders and enthusiasts a chance to interact with different blockchains. That represents a crucial move towards interoperability, enhancing functionality within the two ecosystems and…

The U.S. Commodity Futures Trading Commission (CFTC) has initiated legal action against a fake trading platform and its associates for defrauding investors out of $3.6 million. The scheme, which targeted Asian Americans, involved soliciting funds in fiat and digital assets, with false promises of trading in commodity futures. Instead, the funds were misappropriated and diverted offshore. CFTC Pursues Legal Action Over Investment Fraud Scheme in Washington The U.S. Commodity Futures Trading Commission (CFTC) has filed fraud and misappropriation charges against a fake commodity trading platform in “an online scam targeting Asian Americans,” the regulator announced Friday. Specifically, the watchdog has…