Author: NBTC
The U.S. Securities and Exchange Commission (SEC) has made key progress in its lawsuit against Ripple, as its appeal is filed in the Court of Appeals for the Second Circuit’s PACER system. As usual, famous defense lawyer James K. Filan shared the development yesterday on X, noting that the appeal has been docketed in the Second Circuit’s PACER docketing system. It bears mentioning that the PACER system tracks federal cases being heard within the Second Circuit. Attorney Filan shared screenshots of the case, confirming that the SEC appeal is currently in the Second Circuit’s appellate court system. #XRPCommunity #SECGov v.…
ENS New Domain Registrations Drop 22.9% in September In a noticeable shift, the Ethereum Name Service (ENS) saw a significant decline in new domain registrations during September 2024. According to Dune Analytics data, 15,569 new ENS domains were registered, reflecting a 22.9% drop compared to the 20,202 registrations recorded in the previous month of August. Despite the drop, ENS remains a crucial component of the Web3 ecosystem, with the total number of active domains now standing at 1,912,116. The latest data also reveals that ENS has 886,738 unique user addresses, and a total of 887,331 ENS names have been set,…
South Korean lawmakers are distancing themselves from cryptocurrency, claiming their wallets now contain nothing more than “crypto dust.” This follows a series of political scandals involving crypto, with several prominent lawmakers selling off their holdings. One Member of Parliament reportedly sold $85,200 worth of Bitcoin soon after declaring his assets. The shift comes amid rising scrutiny over politicians’ involvement with cryptocurrencies, particularly after the “Coin Gate” scandal. This scandal implicated former lawmaker Kim Nam-guk, who was accused of insider trading and using confidential information to trade coins. These allegations have pushed lawmakers to declare their crypto holdings publicly before elections.…
Apu Apustaja (APU) has transitioned from being a meme currency to a serious contender, featuring new tweaks and significant community backing. Terra Luna Classic (LUNC) is standing tall after the collapse, making essential changes to regain its value and purpose. The counter GIGA seems still relatively new and,LUNC is associated with a fun-sounding name, but the company is all business and rapidly gaining both retail and institutional attention. Of all the tokens out there, there are three that have particularly piqued the interest of investors and researchers recently. Some of the projects on the radars to watch are Apu Apustaja…
David Carmona, founder of the Icomtech cryptocurrency Ponzi scheme, has been sentenced to over 10 years in prison for defrauding investors with false promises of profits. His scheme targeted working-class people with the lure of financial freedom through cryptocurrency trading and mining, none of which actually took place. Lavish expos were held to entice more victims, while new investors’ funds were used to pay earlier ones. Icomtech Ponzi Scheme Leader Sentenced to 10 Years in Prison The U.S. Attorney’s Office, Southern District of New York, announced on Friday that David Carmona, founder of the cryptocurrency Ponzi scheme Icomtech, has been…
Expanding Options for Digital Assets TL;DR:Fireblocks has integrated IOTA EVM, enabling institutional and enterprise users to securely store, transfer, and manage IOTA tokens and tokenized assets. Fireblocks’ support for IOTA EVM enhances the ecosystem by offering enterprise-grade infrastructure for treasury management and many other services ranging from DeFi to GameFi. Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on blockchain, has integrated IOTA EVM. Institutional and enterprise users as well as builders can now utilize Fireblocks to store and transact IOTA tokens and assets on IOTA EVM via the Fireblocks console and API. Fireblocks and…
Bitcoin’s price recently broke out of a bullish pattern, signaling the potential for a rise to $80,000. However, despite this positive technical setup, the biggest obstacle preventing the leading cryptocurrency from achieving a new all-time high is the behavior of its own holders. BTC holders have been actively selling off their assets, creating a roadblock for Bitcoin’s upward trajectory. Bitcoin Investors Are Greed In recent days, investors have begun selling their Bitcoin holdings, as reflected in the rising realized profit/loss ratio. This metric, which measures the profitability of coins moved on-chain, has been increasing for the last ten days after…
Ethereum’s recent attempt to break above the multi-month descending channel’s middle threshold of $2.6K has turned out to be a false breakout, leading to a notable rejection and sharp decline. This pattern suggests a potential mid-term continuation of the downtrend toward the $2.1K support level. By Shayan The Daily Chart Ethereum’s price action on the daily chart has highlighted a bull trap. Much like in late August, when ETH broke above the descending channel’s middle threshold only to be swiftly rejected, a similar pattern has unfolded recently. After the price briefly surpassed the $2.6K resistance, it failed to maintain momentum…
With digital assets getting more support from both sides of the red-blue divide, Coinbase’s conversations with traditional financial institutions have been picking up steam, said Shan Aggarwal, the exchange’s vice president of corporate and business development. In an interview with Decrypt at Messari Mainnet, Aggarwal said that Coinbase’s talks with big financial firms have “taken a turn” in the past six to nine months, particularly as the cryptocurrency issue in the U.S. has become increasingly bipartisan. He said conversations could eventually bring more traditional financial players into Web3, fueling mass adoption of digital assets. “A lot of traditional financial firms…
Bitcoin hits a 25-day high; trading volume surges 86%, signaling “Uptober.” Whales profit, selling 30,000 BTC amid short position liquidations. Bitcoin, the world’s largest cryptocurrency, has once again sparked excitement within the market by reaching a 25-day high of $64,745 just hours ago. Over the past 24 hours, Bitcoin’s trading volume has surged by 86%, rekindling optimism among traders. Many in the crypto community are already calling it a taste of “Uptober,” hopeful that Bitcoin’s performance will continue to improve in the coming weeks. Notably, the cryptocurrency struggled earlier in the month, but whales have profited amidst these fluctuations. Data…