Author: NBTC

Celo, a low-fee, usability-focused blockchain network, has approved a proposal to allow transaction fees to be paid with stablecoins. Network users can now transact only by holding USDC in their wallets, abstracting the complexity of holding other tokens. This also benefits newcomers, making it easier for them to make transactions. Celo Aims for Usability in Stablecoin Gas Push Celo, a low-fee, transaction-focused blockchain, is advancing moves to become the home for cryptocurrency stablecoins. After welcoming USDT and USDC as native stablecoins in its platform, seeking to onboard value-aware users, the platform has approved using USDC for paying sub-cent transaction fees.…

With the cryptocurrency sector at the edge of its seat regarding the final outcome of the courtroom standoff between the United States Securities and Exchange Commission (SEC) and Ripple, the regulator has filed its opposition to the blockchain company’s Motion to Strike its new expert materials. Indeed, after Magistrate Judge Sarah Netburn set the schedule for the two sides to argue the use of the SEC’s expert materials, the securities watchdog has filed its opposition to Ripple’s reasoning, according to the X posts by defense attorney and popular commentator on the case, James K. Filan on April 29. #XRPCommunity #SECGov…

Since the US Securities and Exchange Commission (SEC) approved spot Bitcoin exchange-traded funds (ETFs) on January 11, 2024, the crypto market has experienced a significant recovery. This culminated on March 14, 2024, when Bitcoin (BTC) reached a new all-time high (ATH) of $73,737. This uptrend isn’t confined to the US alone. Hong Kong just launched its spot Bitcoin and Ethereum ETFs, while Australia is preparing to launch its own versions of spot Bitcoin ETFs. The global enthusiasm mirrors the community’s optimistic view of Bitcoin as not just a currency but a potential digital counterpart to gold. Can Bitcoin ETFs Help…

MicroStrategy executive chairman and co-founder Michael Saylor believes the SEC will classify Ethereum as a security this summer and reject the related spot ETF applications filed by various asset managers, including BlackRock. Saylor made the prediction in a social media post on May 2 during a presentation at the MicroStrategy World 2024 conference. He further predicted that other cryptos “down the stack” will also gain an unregistered security designation, including BNB, Solana (SOL), XRP, and Cardano (ADA). Saylor said: “None of them will be wrapped by a spot ETF, none of them will ever be accepted by Wall Street…” Saylor…

Billy Markus, known on the Twitter/X social media platform as “Shibetoshi Nakamoto,” is a software engineer who created the iconic meme cryptocurrency DOGE in 2013, together with Jackson Palmer. AI to start replacing people’s jobs: Markus Markus is a frequent Twitter/X user who has a substantial influence on the cryptocurrency community, who publishes posts not only about DOGE, Bitcoin and other cryptos but also on other issues – politics, social commentary, etc. Today, Shibetoshi Nakamoto took to his handle to raise a discussion about artificial intelligence. Markus seems to have a pessimistic view of the future that AI is going…

Binance and Nigeria’s money laundering trial has been delayed to May 17, a family spokesperson of the detained executive told CoinDesk. Tigran Gambaryan is waiting in Kuje prison for a bail hearing set to also occur on May 17. Binance Nigeria’s money laundering trial has been delayed to May 17, a spokesperson for the family of detained executive Tigran Gambaryan said on Thursday. The trial was expected to occur today but was pushed back. Reuters reported that Binance’s lawyer complained in court that he had not been served with the additional proof of evidence that he needed to prepare the…

The winds of change are swirling around Ethereum, the world’s second-largest cryptocurrency. Despite a recent price dip, the network has witnessed a surge in new user activity, sparking a wave of optimism. However, the outsized influence of large holders, known as whales, continues to cast a long shadow. New Wallets Open For Business Data from blockchain analytics firm Santiment reveals a surge in new Ethereum wallets, with a record-breaking 267,000 created on April 28th and 29th. This influx marks the highest two-day increase since October 2022 and suggests a potential resurgence of interest in the Ethereum network. 📈 #Ethereum saw…

In a recent post on the X social media network, Charles Gasparino, a prominent reporter at the Fox Business channel, has warned XRP holders that they “might be getting poor” depending on how things turn out for Ripple. “In other words, you are probably not getting rich on XRP and might be getting poor depending on how this shakes out,” he wrote on the X social media network. Gasparino’s bearish prediction stems from the fact that Ripple, the controversial company associated with the token, is still not out of the woods when it comes to its years-long legal battle against…

Amidst growing concerns over the use of cryptocurrency to circumvent sanctions, Senators Elizabeth Warren (D-Mass.) and Angus King (I-Maine) have called upon the Biden administration to tighten crypto regulations. Their concerns were highlighted in a recent letter to high-ranking officials, pointing out Iran’s gains from crypto mining. US Senators to Biden: Act Now on Crypto Regulation The senators highlighted the urgency of the matter, noting that Iran has managed to amass millions of dollars through cryptocurrency. This wealth purportedly supports domestic and international financial activities. It also contributes to the funding of organizations like Hamas. “Iran is using cryptocurrency to…

Ethereum would likely sustain trading inside key range despite recent sharp movements outside it. Hong Kong spot Bitcoin and Ethereum ETFs recorded a second day of very low trading volume on Thursday. Bloomberg analyst James Seyffart doesn’t see spot Ethereum ETFs happening until 2025. Ethereum (ETH) is beginning to show signs of recovery on Thursday despite a second consecutive day of poor performance in Hong Kong’s spot Ethereum ETFs. Bloomberg analyst James Seyffart has also shared that a spot Ethereum ETF may not happen in the US in 2024. Daily digest market movers: Spot Ethereum ETFs unlikely in 2024 Ethereum…