Author: NBTC
A strategic U.S. stockpile of bitcoin is now among presidential candidate Donald Trump’s campaign promises, and Sen. Cynthia Lummis is currently working on a bill to do it. The effort remains short on details, so far, and its near-term chances in Congress would likely be limited. Former President Donald Trump, a sitting U.S. senator and some of the biggest names in bitcoin (BTC) investing all seem to agree that the U.S. should begin building a reserve of the most prominent crypto token. But concrete details are few, and it’s not an idea that’s likely to be executed anytime soon. Trump…
The end of the Ripple versus SEC lawsuit might help reignite the old MoneyGram partnership. The firm might also be pivoting towards RWA through the recent Archax partnership. American blockchain payment firm Ripple Labs Inc. is finally free from the lawsuit filed against it by the United States Securities and Exchange Commission (SEC). This freedom came a few days ago after Judge Analisa Torres asked Ripple to pay a $125 million fine for selling XRP to institutional investors. With this penalty, Ripple now has no pending cases and can focus on business growth, as CEO Brad Garlinghouse noted. Pending any…
A federal court has ruled that cryptocurrency mining “boxes” sold by Green United qualify as securities, rejecting the company’s attempt to dismiss a fraud lawsuit filed by the U.S. Securities and Exchange Commission (SEC). Court Rules Green United’s Cryptocurrency Mining Devices Are Securities Green United had argued that the mining hardware marketed as “Green Boxes” did not involve securities transactions. However, U.S. District Court for the District of Utah Judge Ann Marie McIff Allen sided with the SEC, stating that the agency “sufficiently alleges securities” in the case. The decision illustrates the SEC’s view that the combination of the Green…
Il Capo, one of the legendary names of the cryptocurrency world, shared his ideas about the future of Bitcoin and altcoins in his statement minutes ago today. According to the analyst, Solana led the general upward movement, except for the last decline. According to the analyst, this may be the beginning of an altcoin season in which altcoins outperform Bitcoin. The analyst said he will watch the next few days for the altcoin season. However, the analyst also touched upon the issue of the US government moving approximately $2 billion worth of Bitcoin this evening. US authorities seized these BTCs…
Ethereum Layer-2 network Arbitrum (ARB) saw a significant rise in its trading volume, driven by anticipation of a major event scheduled for August 16. As the event nears, investors will want to know how ARB’s price will react. This on-chain analysis examines the outlook. Arbitrum’s Big Day Drives Rising Market Interest Data from Santiment revealed that Arbitrum’s trading volume was around $146 million on August 11. In the early hours of August 13, the volume had surpassed $260 million before its recent drop. Trading volume represents the total value of cryptocurrencies bought and sold within a specific period. An increase…
Senate Republicans have introduced legislation that would require the SEC chair, currently Gary Gensler, to testify before Congress twice a year. This move comes amid mounting criticism of SEC Chair Gary Gensler’s leadership and the agency’s approach to regulating the digital asset sector. As reported by Fox Business, the proposed bill, the “Empowering Main Street in America Act,” would extend provisions from the Dodd-Frank Act to include a mandate for the SEC chair’s biannual appearance. This follows a postponed hearing originally scheduled for Gensler before the Senate Banking Committee. The day before, the House Financial Services Committee scrutinized Gensler, with…
Arris has announced a significant collaboration with AlterVerse, a platform for integrating artificial intelligence (AI) with gaming. This collaboration is regarded as an important step towards the companies’ goals of developing evolving virtual environments powered by AI. Supported by skilled resources from Binance Labs and Polygon Ventures, AlterVerse has gained a good reputation in its relatively new field of AI and the virtual world. 📢 Exciting Partnership Announcement!We’re thrilled to announce our collaboration between @Arris_io and @AlterVerseGameAlterVerse is a platform that combines AI and gaming. Backed by @BinanceLabs & @PolygonVenturesTogether, we’ll harness our unique strengths to bring new… pic.twitter.com/9LICOoEdQm —…
Former President Donald Trump’s keynote address at the 2024 Nashville Bitcoin Conference has sent shockwaves through the political landscape, compelling Kamala Harris to reconsider her stance on cryptocurrency. In his speech, Trump announced plans to implement crypto-friendly regulations, aiming to bolster economic growth and cement the US’s leadership in digital finance. Nigel Green, CEO of deVere Group, hailed this move as a “masterstroke,” predicting it could significantly impact Harris’s campaign. “By pledging to retain all Bitcoins currently held or acquired by the US government, Trump aims to create a robust national bitcoin reserve valued at approximately $14 billion.” Green said…
Key Insights Active storage deals decreased 6% QoQ, while storage utilization grew from 23% to 26%. 2,034 clients onboarded data, with 518 large datasets (>1,000 TiB) onboarded, up 2% QoQ. Filecoin Virtual Machine (FVM) saw over 3,700 unique contracts deployed, with TVL reaching 63 million FIL ($273 million). New data services emerged, including perpetual archiving and data privacy solutions. Filecoin continues to develop as a decentralized physical infrastructure network (DePIN) for enterprise storage and AI applications. Network Performance Storage Deals and Capacity Q2’24 active storage: Over 1,700 PiB, down 6% QoQ from 1,900 PiB in Q1’24. Daily new deals: Decreased…
BitMEX founder Arthur Hayes says it doesn’t matter to the crypto industry who wins the upcoming presidential election. Speaking at the Token 2049 event in Singapore, the Maelstrom CIO says that he doesn’t believe Republican presidential candidate Donald Trump is being genuine when espousing pro-crypto stances. “I don’t understand why crypto bros and gals are so pro-Trump because Trump was president for four years and he did [nothing] and so now he wants a bunch of crypto donations? He says the right things out of his mouth, launches some DeFi (decentralized finance) [garbage] or whatever he’s doing and all of…