Author: NBTC
John Reed Stark, a former official in the U.S. Securities and Exchange Commission, described a recent ruling in the SEC v. Kraken case as a massive victory for the regulator. As reported by U.Today, Judge William Orrick shot down Kraken’s motion to dismiss the closely watched lawsuit earlier this week. The SEC took Kraken to court last November, accusing the exchange of offering unregistered securities on its platform. The list of these alleged securities includes such prominent cryptocurrencies as Cardano (ADA) and Solana (SOL). Marco Santori, chief legal officer at Kraken, attempted to spin the recent ruling as a “significant…
CCIP has launched Mainnet Early Access on Avalanche, Ethereum, Optimism, and Polygon. Key features include programmable and simplified token transfers with active risk management. CCIP’s potential for mass adoption is underscored by its integration with leading DeFi protocols. The Cross-Chain Interoperability Protocol (CCIP) has just begun Mainnet Early Access on many blockchain networks, including Avalanche, Ethereum, Optimism, and Polygon. 1/8 We are here now at @Chainlink #CCIP mass adoptionWe are all waiting for CCIP to become a standard cross-chain solution used by most Web3 projects and TradFi institutions too.Let’s take a look at some charts to see how and when…
Over the past 30 days, 62,699 ETH, valued at $172 million at current market prices, have been added to the leading altcoin’s circulating supply. The circulating supply now stands at 120.30 million ETH, marking its highest level since the year began. Ethereum Sees Decline in Activity and Burn Rate According to data from Ultrasound.money, ETH’s circulating supply has steadily risen since April 14. An asset’s circulating supply refers to the number of coins or tokens available to the public. It increases when more tokens become available for trading. In Ethereum’s case, this supply growth happens when the network witnesses a…
The world of meme coins has turned all sorts of internet icons into crypto favorites, and now a relatively new one—Mew, a cat based on the Solana meme coin Cat in a Dogs World (MEW)—is entering a popular Telegram-based combat game to battle against a dog boss based on the iconic Doge meme. On Wednesday, Pixelverse announced that it has teamed up with the creators of MEW to bring a combatant based on the coin to PixelTap, a tap-based crypto game on Solana. According to the developer, Mew is positioned as a rival to Shibatoni, a hulking canine fighter inspired…
NFL Rivals, the officially licensed video game of the National Football League and NFL Players Association, shared the details of a partnership with Super Bowl LVIII champions, the Kansas City Chiefs. The game is set to score the status of “Official Mobile Game of the Chiefs” for the 2024 NFL Season. NFL Rivals, Kansas City Chiefs tease official mobile game launch According to an official joint statement, NFL Rivals, an NFL-licensed Web3 game by Mythical Games, entered into a partnership with the legendary Kansas City Chiefs American football team. NFL Kickoff is right around the corner!Celebrate with @PlayNFLRivals 🎉New events,…
Bitcoin miners are again in the hot seat, with recent revelations from The Economist causing a stir. Environmental activists have long criticized the industry for its energy consumption, and now, new claims have reignited the debate. It’s important to explore what this could mean for crypto’s future. Join us as we dive in. Bitcoin Miners Holding Texas Electricity Hostage? The controversy centers around the Electric Reliability Council of Texas (ERCOT), responsible for managing the state’s power flow. It’s been reported that ERCOT pays Bitcoin miners not to operate their computers on days of high electricity demand. Last August, Riot Platforms…
ENS Labs, the company behind the open-source blockchain naming protocol, Ethereum Name Service, is collaborating with Dentity, a leading digital identity provider, to integrate verifiable credentials on-chain. The new integration allows ENS users to link their on-chain identity with their real-world identity, giving them the power to decide the scope of the information they share, the companies said in a statement on Wednesday. The development could have far-reaching implications for the future of online identity. ENS users can maintain control over publicly accessible personally identifiable information while ensuring that no such information is stored on-chain. Khori Whittaker, Executive Director of…
At first glance, spot ether ETFs appear to have bled money, but it’s more complicated than that. BlackRock’s ETHA was the seventh-most-successful ETF launch this year with over a billion dollars worth of inflows. Other ether funds have seen brisk demand as well. Grayscale’s ETHE product lost billions, offsetting the overall success of the funds. The headline could easily be this: Recently launched ether exchange-traded funds have been a dud. After all, investors have removed $465 million of assets in total from the nine funds that began trading in the U.S. a month ago. Dig a little deeper and you’ll…
The layer 2 network Blast is attracting more and more attention from the community, while critics call the project a pyramid. Table of Contents Blast Points and Blast Gold Blast overtakes layer 2 Accusations of fraud What is next Why is everyone talking about Blast Blast is an Ethereum-based layer 2 network launched by Tieshun Roquerre, known as Pacman, who is also behind the Blur NFT marketplace. Blast offers a native return model for Ethereum and stablecoins, charging 3.4% and 8% respectively. However, until a certain point, users did not even have the opportunity to withdraw funds, which critics called…
Justin Sun has decided to make some noise about Pavel Durov, the CEO of Telegram, who’s in hot water with the French authorities. Justin hit Twitter with a proposal to start a FreePavel DAO. He’s also offering up $1 million of his own money to get things moving, but only if the community backs the idea and it’s done in a decentralized way. Justin tagged Elon Musk and Mario Nawfal to get them involved. Telegram, meanwhile, has finally said something about Pavel’s situation. They put out a statement on their News channel, backing their CEO and calling for a quick…