Author: NBTC
Abra and its founder and CEO William “Bill” Barhydt have settled with 25 state financial regulators for operating without money transmitting licenses. Abra will return up to $82.1 million to U.S.-based customers in the 25 states. Crypto investment platform Abra and its founder and CEO William “Bill” Barhydt have settled with 25 state financial regulators for operating its mobile application without the proper licenses, according to a Wednesday announcement from the Conference of State Bank Supervisors (CSBS). Under the terms of the settlement agreement, Abra will return up to $82.1 million in crypto to U.S. customers in the settling states.…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In the rapidly evolving landscape of web3, a common misconception persists among developers and startups: that the choice of blockchain is the paramount concern for users or sticking with the ethos of web3 is Northstar and guiding principles. One case in point is the web3 social network or “decentralized” social network. You might also like: Web3 adoption would be impossible without intuitive UX and convenience | Opinion The original selling points of many decentralized social networks were…
The crypto market is rife with greed again following bitcoin’s (BTC) latest rally to a three-week high of over $66,000. Data from Alternative.me shows the Crypto Fear and Greed Index is currently as high as 74, indicating a period of greed among digital asset investors. Crypto Investors Are Greedy The surge in crypto market sentiment to greed follows a period of neutrality among market participants. CryptoPotato reported earlier this month that the fear and greed index stood at 54 for the first time since January, representing neutral sentiment among investors, while BTC traded around in a range between $57,000 and…
The crypto industry has been on a growth streak for several years now, and this development has reached the corporate world. While mainstream institutions might have shunned cryptocurrency about a decade ago, many are now getting involved in it. Case in point, DBS Bank, a major banking institution in Singapore, has been rumored to be an Ether whale. This comes via a report from blockchain analysis firm Nansen which claims that the bank holds millions of dollars in Ether. How DSB Could Be an Ether Whale The crypto industry has a long-running fascination with token whales. The idea of a…
WAX is thrilled to unveil the upgraded WAX Multi-Chain Bridge, a significant leap in its ecosystem that integrates multiple blockchains. This latest development features an improved user interface and experience, enabling users to seamlessly transfer NFTs and tokens across various networks without incurring fees. The move aims to simplify asset mobility within the blockchain space, enhancing user accessibility to Web 3. 🌐 Multi-Chain Magic is Here!WAX is now the go-to hub for easy token transfers across major chains—no extra fees needed. Boost your connectivity & explore new opportunities.Learn how: https://t.co/OotVJbRBci. — WAX (@WAX_io) June 5, 2024 The WAX Multi-Chain Bridge…
This U.S. presidential election has been the first where cryptocurrencies have come up as a major policy issue, and the industry is lobbying (and bracing for) the possibility that President Joe Biden and former President Donald Trump may bring it up when they face off in a Thursday debate. To that end, crypto advocacy group Stand With Crypto set up an online letter-writing campaign to convince hosts CNN to raise crypto as a talking point. A spokeswoman for the group said Wednesday that almost 2,300 people had signed and sent the notes “calling for a crypto question.””It would be a…
Although many players in the blockchain industry prioritize maximizing throughput, Alex Mizrahi, co-founder of Chromaway, believes providing users with a transparent, secure, and decentralized computing environment is still equally important. So while blockchain projects aspire to satisfy the basic need to transact, Mizrahi emphasizes that establishing consensus among nodes should not be the sole goal. Many Dapps Rely on Centralized Services However, despite this being the stated objective of many blockchain projects, Alex Mizrahi, co-founder of Chromaway disclosed that numerous decentralized applications (dapps) actually “rely on centralized services to fetch, index, and verify data.” He also asserts that very few…
As of May 17, 2024, bitcoin’s price stands at $66,303 with a market capitalization of $1.30 trillion and a 24-hour trading volume of $28.43 billion. Technical indicators from multiple time frames suggest a potential continuation of the bullish trend, albeit amidst notable market volatility. The convergence of moving averages and oscillators signals a strong upward momentum. Bitcoin Bitcoin’s hourly chart shows a recent recovery from $64,598 to $66,766, with significant volume spikes during price movements, indicating strong market participation. Key support is found between $65,500 and $65,700, with resistance around $66,700 to $67,000. This consolidation pattern highlights a potential for…
Key Points: The Starknet Foundation DeFi Spring 2.0 has been supplemented with 50 million STRK to the, raising the total budget to 90 million STRK. Starknet Foundation appointed a DeFi Committee to drive DeFi growth, with plans to distribute 40 million STRK over six to eight months to participating protocols. The DeFi Committee will distribute STRK every two weeks based on performance metrics. The Starknet Foundation recently announced an additional allocation of 50 million STRK to the DeFi Spring 2.0 package on platform X. Read more: Top 5 DeFi Projects On StarkNet Starknet Foundation DeFi Spring 2.0 Funding Gets a…
The anticipation is palpable among Ethereum ETF candidates eagerly awaiting approval from the U.S. Securities and Exchange Commission (SEC). The exact timeline for the launch of US spot Ethereum ETFs remains unclear, but the process appears to be in its final stages. Last week, issuers filed changes to their ETH ETF registration statements in response to the SEC’s proposed regulations. This follows the SEC’s formal approval last month of 19b-4 proposals from exchanges where ETH funds will be listed. The SEC works closely with issuers on registration statements, also known as S-1s. Completing this process, which culminates in the SEC…