Author: NBTC
The U.S. Commodity Futures Trading Commission (CFTC) may not like election betting, but only Congress — not the regulator — has the authority to ban it, embattled prediction market purveyor Kalshi argued in a Friday court filing. Kalshi is currently locked in a legal battle with the CFTC, which, last September, attempted to block the prediction market from listing certain event contracts that allowed traders to bet on which political party would control the House or Senate after the November elections. The regulator argued that Kalshi’s proposed contracts involved “gaming” and “activity that is unlawful under state law” and were…
Berkeley RDI and Polyhedra have made a strategic collaboration to unveil a groundbreaking Production-Ready zkML. This production aims to mark a transformative leap in the fusion of AI and cryptographic verification. The organizations are now delivering a real-world application, four years after pioneering the concept. The application aims to empower AI developers to utilize zkML without requiring specific expertise in zero-knowledge proofs. The journey began in 2020 when Polyhedra’s research team, including Jiaheng Zhang, Dawn Song, and Yupeng Zhang published a paper in collaboration with Berkeley RDI. The paper was titled “Zero Knowledge Proofs for Decision Tree Predictions and Accuracy”,…
Bitcoin (BTC), the largest cryptocurrency by market capitalization, may be about to form a key technical pattern, with its daily moving averages likely to cross in the coming days. Whether the outcome is a death cross or a golden cross is unknown; however, Bitcoin’s 50-day simple moving average (SMA) has turned upward and may cross over the 200-day SMA in the days ahead, hinting at a potential golden cross. A golden cross happens when a shorter-term moving average, usually the 50-day SMA, crosses above a longer-term moving average, usually the 200-day SMA, with the reverse indicating a death cross. At…
Two prominent ETF issuers advanced their XRP-based asset initiatives today. Grayscale launched trading on its XRP Trust fund, while 21Shares submitted an official application for an XRP ETF. While Grayscale’s Trust fund holds potential for eventual conversion into an ETF, its long-term customer appeal remains uncertain. The XRP ETF Race Grayscale announced that its XRP Trust is now open to eligible accredited investors. Launched two months ago, this trust is seen as a possible precursor to an ETF. Grayscale previously converted its Bitcoin trust into an ETF after securing regulatory approval and is currently working to convert another fund into…
WASHINGTON, D.C. — Heather “Razzlekhan” Morgan, who helped launder the proceeds of the 2016 Bitfinex hack led by husband Ilya “Dutch” Lichtenstein, has been sentenced to 18 months in prison in the incident that drained almost 120,000 bitcoin from the exchange. Her husband, who’d conducted the 2016 hack, was sentenced to five years last week for his role in the crime. The couple later laundered as much as a fifth of the ill-gotten bitcoin, according to authorities. Prosecutors had recommended an 18-month sentence for Morgan, who was known by her former rapping name, Razzlekahn. “I am extremely sorry and deeply…
The first-ever on-chain auction of a Claude Monet Paysage has been organized in collaboration with BounceBrand, SeoulAuction Blue, and BounceBit. This auction plays a significant role in the world where fine art and blockchain exist simultaneously, which has rewritten history and placed the artwork of Monet on a decentralized platform. 🚨The #Auction of Claude #Monet’s Paysage is now LIVE!! 🖼️📍: https://t.co/OSdfK8DUFuBid for Fine Art. Bid for #RWA. Bid for the 𝑴𝒆𝒎𝒆𝒐𝒓𝒚.Guide: https://t.co/3k3m3Rsqqv pic.twitter.com/vDIrwMrnWd — Bounce Brand (@bounce_finance) November 19, 2024 Monet’s Paysage: A Timeless Masterpiece ‘Paysage’ is one of the great impressionist paintings by Claude Monet in which he painted…
Truflation, a real-time economic data provider, has partnered with LandX, a company focused on decentralizing global farmland markets, to bring indexed agricultural commodities into the digital finance ecosystem, as disclosed in the latest reports shared with Finbold on Wednesday, November 20. The collaboration will see tokenized agricultural assets such as wheat and rice included in Truflation’s index list, making them accessible to a broader range of decentralized (DeFi) and traditional (TradFi) finance investors. As such, the integration enhances Truflation’s data marketplace and provides its users with additional tools to help them make better investment decisions based on real-time market data.…
The crypto market faced a surge of selling pressure this week, unsettling investors as Bitcoin (BTC) dropped by 4% before rebounding to $71,000. Despite the recovery, caution remains, as many investors await clearer signals before making decisive moves. Amid this market movement, several altcoins are inching closer to significant milestones, with the $100 billion market cap threshold in sight. Finbold has highlighted two promising assets, BNB Chain (BNB) and Solana (SOL), both of which are on a strong trajectory to reach this milestone by year-end, supported by robust fundamentals and growing market momentum. Solana (SOL) Solana, currently trading at $166.44,…
A California judge has rejected Kraken’s motion for interlocutory appeal, saying in a Monday decision that allowing an appeal would only “delay resolution” of the U.S. Securities and Exchange Commission’s (SEC) ongoing case against the crypto exchange. Kraken, the second-largest crypto exchange in the U.S., filed a motion for interlocutory appeal (a type of appeal that challenges a judge’s non-final decision while allowing other aspects of a case to move forward) in September, a month after Judge William Orrick of the U.S. District Court for the Northern District of California ruled that the SEC had plausibly alleged that the cryptocurrencies…
DAO governance needs a re-think, and shares should look like a multi-classed structure similar to Meta and other Silicon Valley giants. Such a change would help prevent governance attacks, like what recently happened against Compound. It’s all but impossible to carry out a governance attack against Meta. Shareholder activism is a non-starter in Mark Zuckerberg’s empire, as the company’s dual-class share structure – where insider-held Class-B shares have more voting weight than Class-A shares available to the public – means that Zuckerberg maintains approximately 58% voting control of the company. But in the world of decentralized autonomous organizations (DAOs), which…