Author: NBTC
Coinbase scored a win in the legal battle linked to crypto staking wars as Alabama has officially dropped its enforcement action against the exchange. This leaves only five states still chasing Coinbase over its staking program, which lets users earn rewards for helping validate blockchain transactions. This comes in the wake of Coinbase’s recent progress in its Freedom of Information Act lawsuit against the US Securities and Exchange Commission (SEC). The exchange bagged internal documents about the Gensler-era investigation of ETH2.0. Grewal slams States over Staking lawsuits Paul Grewal, Chief Legal Officer at Coinbase, in a post announced that they…
A recent report by Bitget estimates the rapid growth of blockchain adoption has the potential to create 1.5 million jobs by 2030, rivalling that of AI’s hiring boom. In Bitget’s latest report, the crypto exchange highlights the untapped potential behind the blossoming sector. As more major companies begin to lean towards integrating the technology into day-to-day operations, the firm believes it could transform from niche to necessity, creating jobs that were previously unheard of. The analysis reveals that while blockchain’s current job market has yet to match the explosive growth already achieved by the artificial intelligence sector, it still has…
Market turbulence has left many in loss, but long-term Bitcoin holders remain largely unaffected, analysts at Glassnode say. Bitcoin’s (BTC) long-term holders are still in a strong position despite ongoing market uncertainty, according to a new report from on-chain analytics firm Glassnode. Although many new investors are currently facing the “largest unrealized losses on record,” long-term holders “remain broadly in profit,” the report reads. The analysis highlights that while short-term holders are experiencing significant unrealized losses, long-tetm investors continue to hold their positions. “[…] from an individual investor perspective, the market has endured far more severe drawdowns in prior cycles,…
Welf Finance has announced a strategic partnership with Spectre Al to integrate artificial intelligence into its digital trading platform. Welf is a network of private banking services that smoothly connects TradFi (traditional finance) (TradFi) with DeFi (decentralized finance). On the other hand, Spectre Ai is a Web3 AI firm that provides digital asset investors and traders with all essential instruments for analyzing DeFi projects. Verified Partnership: $WELF x $SPECTWe’re proud to join forces with @Spectre__AI as a Verified RWA Partner.Spectre AI is an AI Web3 startup revolutionizing how traders and researchers interact with crypto data. Through their powerful on-chain search…
Minneapolis Federal Reserve President Neel Kashkari recently voiced skepticism towards cryptocurrencies, suggesting that digital assets have little value in developed economies. “It’s been 15 years and we still haven’t seen any real application scenarios for cryptocurrencies,” Kashkari said, reiterating his long-standing skepticism about the sector’s practical relevance. He also said that “cryptocurrencies are useless in developed economies.” Kashkari added that regulating cryptocurrencies is the job of Congress, and signaled that the FED will not take unilateral steps in this area. On broader economic concerns, Kashkari noted the impact of ongoing trade disputes, noting that their resolution could reduce uncertainty and…
The Aptos (APT) community is currently reviewing a new governance proposal, AIP-119, which proposes a gradual reduction of the network’s staking yield. The proposal, submitted by community member Moon Shiesty, proposes reducing the annual staking yield by 1% every month for the next three months, eventually dropping it to around 3.79%. According to details shared on the Aptos governance page, AIP-119 serves as the first step in a broader effort to restructure the Aptos economic model. The yield adjustment is scheduled to occur within three months, while the overall impact of the proposal will be evaluated over a six-month period…
Tesla has formally warned investors that growing protests against chief executive Elon Musk may hurt sales and fundraising. This is the first time the electric-car maker has listed the demonstrations as a regulatory risk. On Wednesday morning, the company updated a section in a filing with the U.S. Securities and Exchange Commission. It stated that criticism of Musk “has incited protests, some escalating to violence targeting operations, products, and personnel.” The document adds that negative views arising from the backlash “may harm our brand and our business (including sales) and make it more difficult to raise additional funds if needed.”…
Bitcoin price steadied this week, holding $84,000 support despite lingering macroeconomic uncertainty. Fed Chair Jerome Powell highlights the impact of larger-than-expected tariffs, high inflation risk, and slow economic growth. Gold upholds its bullish streak and hits new highs at $3,357 as investors sidestep Bitcoin as a safe-haven asset. BTC shows immense strength amid a developing bullish structure for a breakout, targeting $97,938. Bitcoin (BTC) price consolidates above $84,000 on Friday, a short-term support that has gained significance this week. The world’s largest cryptocurrency by market capitalization continued to weather storms caused by United States (US) President Donald Trump’s incessant trade…
The Cardano ecosystem is stepping up its involvement in RWAs, as the Genius Yield protocol approves a key proposal. The Cardano (ADA) ecosystem is expanding its footprint in the growing RWA tokenization industry. On Friday, April 18, the Genius Yield protocol announced the approval of its second milestone in RWA swaps. 🌟 Exciting News: Milestone 2 Approved for RWA Swaps! We’re thrilled to announce that M2 of our regulatory-compliant Real-World Asset (RWA) swaps F12 Catalyst proposal has been officially approved! ✅📜 We’ve crafted comprehensive documentation detailing our asset audit… pic.twitter.com/7hExDTKNR1 — Genius Yield official (@GeniusyieldO) April 18, 2025 The proposal,…
The Federal Bureau of Prisons has transferred FTX co-founder and former CEO Sam Bankman-Fried to the low-security Federal Correctional Institution Terminal Island in Los Angeles, following a stop at the notoriously violent medium-security facility in Victorville, California, according to the agency’s inmate registry. “This is a wannabe political yard,” an inmate told the Zoukis Consulting Group, which curates information about different prisons on a website. Other inmates added that “the food and location are great,” and noted that “it’s by the water” and there’s a “lack of violence.” That’s far different from the Victorville prison, dubbed “Victimville,” where Bankman-Fried spent…