Author: NBTC
Old tricks in DOJ’s new KuCoin fight The Department of Justice and Commodity Futures Trading Commission announced back-to-back lawsuits against Seychelles-based KuCoin Tuesday. In its criminal suit, the DOJ, among other things, alleges the crypto exchange violated anti-money laundering laws. The DOJ also hit KuCoin founders Chun Gan and Ke Tang with conspiracy charges. The CFTC, in its separate civil suit, says the exchange operated an unregistered futures and swaps operation. The DOJ brought the case under the Bank Secrecy Act (BSA), which requires financial institutions — even those not formally based in the US — to keep records and…
Popular cryptocurrency trader Jelle is “pretty sure” that the price of Bitcoin, the flagship cryptocurrency, could reach the much-coveted $75,000 level by the end of the week. Bitcoin has already experienced an 18% correction, plunging below the $61,000 level last week. Since then, the cryptocurrency managed to pare these losses and reclaim the peak of the previous bull run. Earlier today, the largest cryptocurrency surpassed the $71,500 level on major spot exchanges. However, it has since slipped below the $69,000 level. As reported by U.Today, Bitcoin lost some ground together with the broader cryptocurrency market after Coinbase, the largest US…
Sales of non-fungible tokens (NFTs) have dipped once more, marking the third consecutive week of decline, with a 14.97% decrease compared to the previous week. Leading the charge in this week’s sales from March 23 to March 30, Bitcoin NFT transactions amassed $82.61 million, despite experiencing a 3.8% drop from the previous week’s figures. Despite Sales Downturn, NFT Market Attracts More Participants in Recent Week Over the last week, the NFT market’s sales volume reached $233,071,420, marking a decrease of just under 15% from the previous week’s figures. According to Cryptoslam.io data, this downturn hasn’t deterred the influx of participants,…
Vitalik Buterin stresses the importance of advancing the security of rollups, a Layer 2 scaling solution designed to increase transaction throughput without harming decentralization of the network in general. Currently, many rollups are not fully guarded by code, with only a select few, like Arbitrum One, reaching what has been designated as “Stage 1” in their development — a level where they are robust enough to be deemed secure. The call is to uplift the standards within the Ethereum community, especially concerning rollups. By the end of the year, Buterin suggests that the term “rollup” should only apply to those…
Nilam Resources has published another press release attempting to clarify public concerns about the company.Their stock price increased (and then decreased) by over 1000% recently after they announced an acquisition which would supposedly result in them gaining 24,800 bitcoins, currently worth around $1.7 billion. Read more: Scoop: Nilam Resources CEO resigns day after 24,800-bitcoin announcement After days of silence from the holdings company, they have released a second statement, saying that Pranjali More would be taking over as CEO, that a recent caveat emptor designation from OTC Markets was not explained to them, and that the company with which Nilam…
Bitcoin evangelist and financial journalist Max Keiser has commented on the recent news of the court rejecting Coinbase’s request to drop the SEC suit against them. The only achievement of the exchange’s legal team here is that the court agreed to exclude the Coinbase Wallet from the list of subjects of the SEC’s lawsuit. Today, the Court decided that our SEC case will move forward on most of the claims, but dismissed the claims against Coinbase Wallet. We were prepared for this, and we look forward to uncovering more about the SEC’s internal views and discussions on crypto regulation. 1/6…
Roger Ver was one of the most vocal and important figures for Bitcoin’s (BTC) worldwide adoption in the early days. The well-known investor and entrepreneur appeared in an interview on the Bitcoin Takeover Podcast on March 27. Among different topics, Roger Ver discussed with Vlad Costa about Ross Ulbricht’s 40th birthday, his thoughts on cryptocurrencies, and what would take Ver to vocally support Bitcoin again. In particular, he explains that he would need to see Bitcoin being able to provide more economic freedom to the world. However, Roger Ver does not think this has been the case for the past…
While many await to see the next developments after the Feds raided Sean Diddy Combs’ mansions for human trafficking allegations, a new non-fungible token listing comprises the rapper’s behind-the-scenes moments. Diddy NFT Listing Claims to Have Private Footage, Going to Highest Bidder – TMZ https://t.co/TLWk25G4Mm #nft #nftnews #nfts — Kyked (@kykednft) March 30, 2024 The listing details suggest that the NFT features never-before-seen, unreleased photos and footage of P Diddy in his recording studios, private jet, and different locations engaging in questionable things. Meanwhile, interested buyers can claim the massive package, entailing three terabytes (TB) of content and more than…
The Ethereum blockchain, known for its pivotal role in the cryptocurrency and decentralized application sectors, recently encountered significant disruptions. With the emergence of missing blocks on its mainnet, concerns have been raised regarding the network’s reliability. Ethereum developers are actively investigating the causes behind these issues, aiming to restore stability and maintain the network’s performance integrity. In related news, Larry Fink, CEO of BlackRock, the world’s largest asset management firm, shared insights into the feasibility of launching an Ethereum ETF, even under the potential classification of Ethereum as a security. This discussion arises amidst ongoing debates on cryptocurrency regulation, specifically…
FED President Jerome Powell made important statements about the current state of the economy and the FED’s monetary policy in his meeting with Marketplace host Kai Ryssdal. Powell started his speech by stating that the initial opinion regarding Personal Consumption Expenditures (PCE) was in line with expectations and that he found this encouraging. He also stated that the February data was in line with what the FED wanted to see. To gain confidence about inflation, Powell emphasized the need for better data like last year’s. He expressed his opinion that the FED’s approach is stable and they are making progress.…