Author: NBTC
Financial lawyer Scott Johnsson has expressed concern about the potential rejection of Ethereum Spot ETFs, which will be decided on May 23. Johnsson found evidence that the US Securities and Exchange Commission (SEC) is considering the security issue for Ethereum (ETH) in this upcoming spot ETF decision. “I realize this is already considered a high probability, but this is the SEC’s official notification that it is considering the security question for ETH in the upcoming spot ETF order,” Johnsson said. said. Johnsson also noted that this question was never asked regarding the spot/futures Bitcoin (BTC) ETF product. According to the…
Zest Protocol uses the Nakamoto upgrade by Bitcoin layer-2 Stacks and bridging asset sBTC. Projects like Zest are attempting to use layer 2 networks such Stacks to bring DeFi features to Bitcoin that are prominent on other chains like Ethereum. Bitcoin lending protocol Zest has raised $3.5 million to enable bitcoin (BTC) holders to deploy their assets in on-chain and generate yield. The seed raise was led by billionaire investor Tim Draper with participation from Binance Labs, Flow Traders, Trust Machines and others, Zest Protocol announced by email on Monday. Zest Protocol uses the Nakamoto upgrade by Bitcoin layer 2…
Injective, a Cosmos-based blockchain whose INJ token price jumped a stunning 33-fold in 2023, only to tumble this year, is now planning a significant expansion – launching its own layer-3 network in the Ethereum ecosystem, based on the layer-2 project Arbitrum’s technology. Injective’s “inEVM,” which is compatible with the Ethereum Virtual Machine (EVM) operating system and connects the Ethereum, Cosmos and Solana networks, will rely for its infrastructure on Arbitrum’s Orbit toolkit, which allows developers to build customizable chains with Arbitrum’s technology while accessing interoperability between multiple ecosystems. The move could theoretically inject fresh energy into the INJ token, which…
Ripple Labs Inc. has filed a motion to seal documents related to the remedies phase of its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The motion, submitted on May 13, 2024, seeks to protect sensitive information Ripple argues could harm its competitive standing and business operations if disclosed publicly. James K. Filan, a veteran defense lawyer, reported that Ripple filed a motion to seal the remedies documents before going public. #XRPCommunity #SECGov v. #Ripple #XRP @Ripple has filed a Motion to Seal Certain Documents filed in connection with the @SECGov’s Motion for Judgment and Remedies.https://t.co/BCeLaHOnw0 —…
Play-to-earn game, Guild of Guardians, is being made available globally on Google Play and the Apple app store, for mobile devices. Guild of Guardians, allows its players to earn $GOG tokens which are ERC-20 tokens that can be used across the Guild of Guardians ecosystem and universe. Play-to-earn games allow players to convert their rewards into cash. In an announcement, Immutable Games said that its flagship title, Guild of Guardians, has over 1 million pre-registered users. The gaming firm is celebrating its mobile release with the launch of a cinematic launch trailer, followed by a behind-the-scenes look at the making…
In a significant shift in its operational strategy, Binance, one of the world’s leading cryptocurrency exchanges, has revealed plans to gradually discontinue support for deposits of BNB Beacon Chain tokens, known as BEP2. This decision aligns with the BNB Chain team’s strategy to sunset the BEP2 network by June 2024. Starting from May 15, 2024, at 00:00 (UTC), the exchange will no longer process deposit requests for any BEP2 tokens, with the exception of Binance-pegged tokens (B-tokens). This change marks a pivotal moment for Binance and its users, indicating a move towards more streamlined and updated blockchain protocols. Users currently…
El Salvador has mined 473.5 Bitcoin (BTC) over the past three years using the geothermal power of the Tecapa volcano, Reuters reported today. Based on Bitcoin’s current price, this amount has translated into a $29 million increase in value. The nation’s total Bitcoin holdings now reach 5,750 BTC, equivalent to nearly $354 million, according to data from the Bitcoin Office, a government-owned agency. El Salvador’s mining initiative places the country at the forefront of eco-friendly crypto mining, a stark contrast to the energy-intensive methods typically scrutinized for their environmental impact. President Nayib Bukele, a vocal Bitcoin supporter, has been driving…
Bitcoin (BTC) held steady around $63,700 in the aftermath of the cryptocurrency’s fourth halving, an event that upends the economics for the miners who power the Bitcoin ecosystem. BTC recently barely moved from its level right before the 840,000th Bitcoin block was mined just as Saturday began in UTC time. Bitcoin had slumped as low as $59,685 on Friday before rebounding above $65,000. The halving has historically been a precursor to a rally in the price of bitcoin, with the last one, in May 2020, giving way to a run up from $9,500 to $65,000 during the subsequent year. But…
After a technical proposal to improve Ethereum wallets met with some opposition, a familiar figure swooped in last week to devise an alternative: none other than Vitalik Buterin, the blockchain’s co-founder. It reportedly took him 22 minutes. The origin of the story dates back to last month, when Ethereum developers decided to include Ethereum improvement proposal EIP-3074 – allowing for certain functions in wallets to be controlled by smart contracts – in its next big network upgrade, known as the Pectra hard fork. The work to make Ethereum wallets less clunky is part of a technological move called account abstraction,…
While the leading cryptocurrency Bitcoin affects altcoins with its price performance, some altcoins are astounding with their rise. Among the altcoins experiencing an increase, artificial intelligence altcoins came to the top, with Arweave (AR) and Render (RNDR) taking the first two places. At this point, AR is 40% in the last week; While RNDR pleased its investors with a 39.6% increase, it was seen that whale accumulation was behind the RNDR rise. According to Lookonchain’s post, whales have accumulated significant amounts of RNDR in recent days. Accordingly, 0x15CF received 748,898 RNDR (worth $5.3 million) from Binance on April 30 and…