Author: NBTC
Marc Fagel, a former securities lawyer and former SEC official, provides insight into a recent filing submitted in the Ripple lawsuit. In a startling development, the United States Court of Appeals for the Second Circuit filed an “Acknowledgment and Notice of Appearance Default Notice” in the SEC v. Ripple docket. Popular XRP community figure Sherrie shared the filing on X yesterday. #XRPArmy #XRPCommunity Filed today: pic.twitter.com/IJwJhfdd9h — Sherrie 🌸 (@CherryEmpress21) October 22, 2024 Second Circuit Notice Triggers Speculation in XRP Community Per the filing, the Second Circuit emphasized that the appellee’s counsel failed to submit its notice of appearance on…
The recent Bitcoin (BTC) price rally above $56k has raised expectations of further crypto rebound in the coming days. Bitcoin’s daily Relative Strength Index (RSI) has been forming a bullish divergence amid the rising demand from whale investors. Furthermore, the US spot Bitcoin ETFs posted a net cash inflows of about $28 million on Monday, led by Fidelity’s FBTC. Additionally, on-chain data shows the overall supply of stablecoins on centralized exchanges increased by about $300 million in the past 24 hours. Short Squeeze Impact on Bitcoin Price According to market data provided by Santiment, the possibility of a Bitcoin short…
Hamster Kombat has finally allocated HMSTR to users a few days before the official airdrop. But token allocation details have left many players upset. Whether you’re one of the millions of avid players of the Telegram-based tap-to-earn game Hamster Kombat, or you’ve managed to ignore it entirely, the hype around the game since its launch this spring is very real. Most of the news around the game has been focused on shifting information around the much anticipated launch of the game’s native token, HMSTR, and its predicted price. Now, as the game ends its first season since launching in March,…
The UK is expected to pass stablecoin regulations soon, with Circle’s global policy head, Dante Disparte, predicting that the laws could be introduced in “months, not years.” The United Kingdom’s regulatory approach has been slow, especially compared to the European Union, which has already implemented the Markets in Crypto Assets (MiCA) regulation, and Singapore, where stablecoin laws are already in place. Still, Disparte says this caution might have been a good thing, considering the high-profile collapses that shook the crypto industry in 2022. UK playing catch-up in crypto regulation Crypto has seen its share of crises, and stablecoins are now…
Mech shooter game MetalCore will migrate from Ethereum layer-2 gaming network Immutable zkEVM to Solana, developer Studio 369 announced Thursday. The move is set to take place alongside the start of the game’s second season set for sometime in November. Studio 369 cited Solana’s “exceptional” ability to process a large number of transactions and growing ecosystem as to why it’s making the move. “Solana continues to show impressive growth and stability, being able to process billions of dollars in transactions while maintaining 99.95% uptime,” Matt Candler, president and CEO of Studio 369, told Decrypt. He also cited Solana games like…
Japanese cryptocurrency exchange DMM Crypto has secured Neoclassic Capital, a Florida-based global investment firm, as its lead investor. DMM Crypto also partnered with Presto, a quantitative trading company. The investments will support DMM Crypto’s Seamoon Protocol, which aims to create a Web3 economic hub for businesses and creators. Bringing DMM Group’s IP Development Capabilities to Web3 Japanese cryptocurrency exchange DMM Crypto, a subsidiary of media and entertainment conglomerate DMM.com LLC, recently announced the coming on board of Neoclassic Capital, a global investment firm headquartered in Florida, as its lead investor. Additionally, the exchange has established a strategic partnership with quantitative…
The crypto market is in a recovery mode as Bitcoin has today rallied above $58,000 for the first time in September, marking a 4.8% gain within 24 hours. Despite surpassing $58K, this surge has sparked skepticism among traders. The market’s behavior highlights a tension between rising price momentum and trader expectations, as reflected in the funding rates on major exchanges like Binance and BitMEX. Traders Shorting Bitcoin Amid Comeback In a recent analysis, Santiment shared a chart showing that traders on Binance and BitMEX took substantial short positions during Bitcoin’s rally. The funding rates, depicted in red and green bars,…
In an interview with CoinDesk, Don Wilson slams the SEC’s crypto crackdown, drawing parallels to his past victory over the CFTC, another Gary Gensler-led regulatory agency The SEC’s stance toward crypto “reminds me of ‘Atlas Shrugged,'” Wilson said. “[If] everybody is breaking the law, they get to selectively harass whoever they want to.” Wilson thinks the SEC’s lack of clarity for crypto companies is intentional, not accidental. Don Wilson is feeling déjà vu. This month, the U.S. Securities and Exchange Commission sued Cumberland DRW, a division of DRW, the Chicago-based trading giant Wilson founded and runs. The markets regulator accused…
Crypto exchange Binance has ended its retail referral program in Turkey, just months after registering its services with the local regulator. Cryptocurrency exchange Binance is changing its operations in Turkey, announcing the termination of its referral program for retail customers to comply with local regulations just months after the exchange, along with other trading platforms registered its services with Turkey’s Capital Markets Board. In a Wednesday statement, on Oct. 23, Binance said that the move was necessary to comply “with the local law and regulation.” Despite the discontinuation of the referral program, the company reassured users that there would be…
Cryptocurrency trader and analyst Ali Martinez, famous for his frequently posted crypto price predictions on the X platform, has published a chart that shows a staggering Bitcoin sell-off as the leading digital currency made a price increase. As Bitcoin rose by 5.25% and reached the $57,520 zone earlier today, short-sellers, Martinez revealed, rushed to dump a massive 14,816 chunk of Bitcoin, selling it for almost $850,000 million. He tweeted to his X followers: “Short-term #Bitcoin holders seized the recent price jump to offload approximately 14,816 $BTC, valued at nearly $850 million!”, sharing data provided by CryptoQuant. Short-term #Bitcoin holders seized…