Author: NBTC
Genesis Global Capital has filed a lawsuit against Digital Capital Group for defaulting on exorbitantly large amounts of loans. Genesis Global Capital has not received the agreed-upon funds back as of May 2023, per the terms and conditions stipulated by the two corporations. Genesis has hired attorneys to defend itself in this dispute, and they claim that in 2019, Genesis and DCG signed a master loan arrangement. In the case that was submitted to the US Bankruptcy Court for the Southern District of New York, this detail was included. The lawsuit also references the fact that the loan Genesis gave…
ARK Invest by Cathie Woods has filed an application with the US SEC and is now awaiting approval for implementing the US Spot Ether ETF. The US Securities and Exchange Commission has been rejecting applications left, right, and center when it comes to the Spot BTC ETF; however, the one with ether could be a different story, especially after the verdict went in favor of Grayscale Investment. Her investment firm, 21Shares, is in line to seek approval from the Commission. The filing was submitted this Wednesday to make their first attempt at gaining a license to have a fund directly…
Polygon Labs has announced the publication of the first set of PIPs while setting its foot on the implementation of Polygon 2.0. It was first teased in June to tremendously upgrade the Polygon ecosystem. Considering the PIPs go well with the community, they would be lined up for the final stage by the end of the fourth quarter. The four upgrades that will eventually go live after approval pertain to POL, gas tokens, staking mechanisms, and staking hubs. Here are the specifics:- The upgrade from MATIC to POL will be initiated POL will become a native token for gas fees…
In a crypto world overshadowed by Bitcoin’s recent woes, alternative cryptocurrencies like LINK, Borroe.Finance ($ROE), and STX are emerging as the new stars. This transformation comes in the wake of a groundbreaking victory for Grayscale Investments against the SEC, signaling a paradigm shift in the crypto landscape. A bearish September for Bitcoin? As Bitcoin’s price stumbles amidst a challenging September, the dominant cryptocurrency loses its luster. Despite boasting a remarkable year-to-date gain of over 55%, Bitcoin has shed over 11% of its value in the past 30 days. The bullish momentum that followed Grayscale’s legal triumph over the SEC has…
The Blockchain ecosystem is set to take over the technological niche. This ecosystem has had immense growth during the last decade. Being the pioneer, Bitcoin led to an immense traction rate as a number of venture capitalists invested in the ecosystem. However, due to the lack of smart contracts and improved interoperability to facilitate communication with other networks, Ethereum was developed. The decentralized network established an immense development rate, allowing programmers to develop layer two scaling solutions. Bitcoin Spark is the new digital currency leading to increased participation in the cryptocurrency ecosystem. What is Ethereum? Ethereum is a layer-one scaling…
HBAR Foundation has announced that Tuum Technologies is now live on MetaMask Snaps, making it one of the 34 public snaps to feature on the platform. Consensys has introduced a DID solution built on Hedera. There are 33 additional public snaps available on the platform. HBAR Foundation has called it a sophisticated plugin, adding that users can conveniently integrate the functionality into their applications. There are no restrictions about how many or what kinds of applications can integrate Snap. It is, however, a surety that Tuum Technologies will help users augment the native capabilities of MetaMask. Users on the Hedera…
The bustling world of cryptocurrency has recently been stirred with predictions, and the repercussions are being felt across the board. As Bitcoin, the best cryptocurrency and the main driver of market sentiment, takes another potential dip, what does this mean for top altcoins and emerging players like InQubeta? InQubeta: A shelter in the brewing storm? As giants like Bitcoin face uncertainty, it’s worth looking at upcoming contenders and how they position themselves amidst the turmoil. InQubeta stands out with its mission of democratizing investments in AI start-ups via its QUBE token. InQubeta’s primary drive is not merely to be another…
Ethereum faces various market challenges, including deteriorating metrics on the Ethereum network, stagnant demand, and a drop in on-chain interest. The number of Ethereum addresses with at least $1,000 in ETH deposits has dropped to its lowest level in nearly six months. Despite these obstacles, Ethereum has significantly improved its Churn Rate, demonstrating the network’s dedication to optimization. The scalability of Ethereum has remained a continual concern, and high petrol prices and community congestion have provided significant barriers to its widespread adoption. Ethereum is a decentralized blockchain technology that enables a peer-to-peer network to execute and verify smart contracts securely.…
IOTA has announced its four key decisions. These have come at a time when it is simultaneously introducing the Stardust upgrade. Making this interesting is the $IOTA tokenomics, which is set to evolve for the better. The overall objective of IOTA is to expand the utility and token economies that are often represented as tokenomics. IOTA aims to maximize community case utility by doubling down on IOTA. These have been mentioned as bold decisions in the announcement, with most of the community welcoming it warmly. They have appreciated the team for making these decisions by saying that some decisions must…
Traders and players have started a wild and thrilling ride in cryptocurrency, with Bitcoin leading the way. Over time, Bitcoin has constantly displayed astounding price increases, raising the logical query of whether a new bull run is about to begin. Understanding the factors behind Bitcoin’s price volatility is necessary for everyone involved in this digital currency. In the bounds of this blog, we’ll start a thorough investigation of the crucial elements that might spark a bull run in Bitcoin. We will also explain the bitcoin price volatility and its future projections. Key Factors Affecting Bitcoin’s Potential Bull Run Market Sentiment…