Author: NBTC
A prominent pro-crypto lawyer has commented on removing XRP from the New York Department of Financial Services (NYDFS) greenlit, disclosing plans to take legal action against the NYDFS. James “MetaLawMan” Murphy, a U.S.-based legal expert, remains committed to transparency around the NYDFS’ removal of XRP from its Greenlist last year. The Virginia-based attorney has disclosed plans to sue the NYDFS for refusing to clarify the reason behind XRP’s removal. In a recent post on X, Murphy revealed that the NYDFS has failed to provide any information surrounding the decision to delist XRP from the Greenlist last September. According to the…
Discover how Ethereum’s Dencun upgrade could enhance security and reduce transaction fees. The Ethereum (ETH) network is set to receive a major update named “Dencun,” a blend of two smaller upgrades, Cancun and Deneb. The upgrade is expected to significantly reduce layer 2 (L2) transaction fees and enhance Ethereum’s scalability, efficiency, and security. The Ethereum upgrade date is scheduled for March 13, with a Feb. 27 entry on the Ethereum Foundation Blog announcing that it has been successfully activated on all test networks, including Goerli, Sepolia, and Holešky. quick notes from the eth dev call this morning, acdc #128: dencun…
Sahara, the latest startup to blend the worlds of crypto and artificial intelligence, says it can help workers and companies get compensated for their knowledge, expertise and data in the age of AI. The Los Angeles-based startup has raised $6 million in a seed funding round led by Polychain Capital. The round also included participation from Samsung Next, Matrix Partners, Motherson Group and Sandeep Nailwal, co-founder of the Polygon blockchain ecosystem. AI products like ChatGPT and Google’s Gemini are trained on massive troves of data, and they improve over time as a result of user feedback. According to Sahara co-founder…
A recently launched “emergency” survey to gather information on the energy use of U.S. Bitcoin mining companies has been retracted in response to concerted legal pressure from the industry. Last month, The Texas Blockchain Council teamed up with Riot Platforms, a leading Bitcoin mining firm, in seeking a temporary restraining order against the U.S. Energy Information Administration (EIA) because of “administrative overreach” in implementing its planned survey. The EIA confirmed on Feb. 26 that it would discontinue its emergency survey plans. “As a result… no person or entity is subject to any obligation to respond,” read a Texas court filing…
Friend.tech, a Web3 social platform, has revealed that its investors have unanimously decided to waive their rights to sell tokens to users, granting them full control over the funds. The decentralized social media protocol garnered significant attention last year but has recently experienced a decline. Friend.tech Is Looking for a Comeback Friend.tech users have been speculating about a potential comeback, fueled by anticipation of an upcoming airdrop amidst criticism and declining trading activity. In a recent post, the platform hinted at a bold move, describing it as “the most dangerous mission” yet. The statement indicated that the FT bunnies, a…
If you’re wondering about Binance vs. Binance US and what’s the difference between these two exchanges, you are certainly not alone. Due to the similar branding employed by the two exchanges, it can be quite confusing to tell the difference. In this article, we’ll explain the differences between Binance and Binance US and explain their most important features. A quick summary is that Binance offers a lot more features and lists a larger number of cryptocurrencies, but isn’t available in the United States. Meanwhile, Binance US has a more limited offering but is available to customers from the United States.…
The US government filed to modify former Binance CEO Changpeng Zhao’s bond ahead of his sentencing. “The original bond conditions were based on the expectation that Zhao would be living in the [United Arab Emirates], and so they did not address matters such as custody of his passports and notifications to Pretrial Services related to his travel plans and residence,” the government wrote in a filing Friday. The US government wants Zhao and his defense team to inform the government of his travel plans. Zhao’s team pushed back on the modification, arguing that it hasn’t yet been an issue for…
Ethereum’s price experienced a turbulent trading session on March 4, 2024, with significant intraday fluctuations marking the landscape. Despite the short-term volatility, underlying indicators and moving averages suggest a strong bullish trend over the long term. Ethereum The last 24 hours saw ethereum’s (ETH) price swing from $3,411 to $3,537, encapsulating the volatile nature of the crypto market. A hefty trade volume of $20.02 billion and a market capitalization of $421.26 billion underline ether’s significant market presence on Monday. Oscillators present a mixed picture; while the relative strength index (RSI) and Stochastic indicate neutrality, the commodity channel index (CCI) signals…
The Arizona state Senate has advanced a resolution that would have lawmakers and state retirement fund managers look into allocating a portion of portfolios to bitcoin ETFs. The concurrent resolution, introduced less than a month after the US Securities and Exchange Commission allowed bitcoin ETFs to start trading, seeks to “encourage” the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS) to monitor these new investment vehicles and consider adding exposure, according to a fact sheet. The state Senate passed the resolution in a 16-13 vote late last month. Senators followed party lines, with all Democrats…
The Bitcoin ETF launch in January has sent the price of BTC flying over the past 50 days, but companies that mine the top cryptocurrency have not been nearly as jubilant as the people who invest in it. With one notable exception. Shares in several public mining firms are trading flat or down in 2024 so far. Riot Platforms (RIOT) has fallen 6.2%, and Iris Energy (IREN) has sunk 11%. While mining giants like Bitfarms (BITF) and Marathon Digital (MARA) have appreciated, it’s only by a modest 5% and 17% respectively. Meanwhile, the price of BTC is up 42% year-to-date,…