Author: NBTC
Ripple Labs, the company behind the cryptocurrency XRP, continues to navigate its legal challenges with the U.S. Securities and Exchange Commission (SEC) as the case moves into the appeals stage. This ongoing litigation, initiated in 2020, revolves around the classification of XRP as a security and whether Ripple unlawfully conducted unregistered sales of the token. With the appeal process in motion, Ripple and the SEC prepare for a prolonged legal battle that could stretch well into 2026. Key Milestone: Ripple’s Appeal and the SEC’s Next Moves Ripple’s Chief Legal Officer (CLO), Stuart Alderoty, recently shed light on the company’s next…
Jupiter, Solana’s leading DEX swap aggregator, has introduced a new meme coin trading platform called Ape Pro. Ape Pro, announced earlier today through Jupiter’s official X account, offers traders tools like advanced data analytics, real-time token streaming, and MEV protection. Jupiter, launched in October 2021, became Solana’s first on-chain swap aggregator by routing DeFi transactions efficiently, reducing slippage, and tapping into liquidity from multiple decentralized exchanges. With over $1.3 billion in total value locked, according to Defillama, Jupiter plays a significant role in the Solana DeFi ecosystem. Ape Pro provides users with customizable indicators and real-time market data, essential for…
Bitcoin’s recent price movements have caused concern among investors about what might come next. However, by looking at key indicators such as the 200-week moving average, Pi Cycle Top Indicator, and the Golden Ratio Multiplier, we can gain insights into potential support and resistance levels for Bitcoin. Leaning Bearish? In recent weeks, Bitcoin’s price has fluctuated, dipping as low as $53,000 before stabilizing in the middle of our newly formed $50,000 to $60,000 range. If this bearish price action is to continue and price breaks to lower lows the200-week moving average heatmap(blue line), a historically critical support level, is currently…
A new day has brought a new twist to the popular meme-inspired Shiba Inu (SHIB) cryptocurrency. According to Shibariumscan, the total volume of BONE tokens collected as transaction fees on the Shibarium network has increased by 2,190% in the last 24 hours. Many people may be aware that more than a year ago, a team of Shiba Inu enthusiasts launched decentralized blockchain Shibarium. This layer-2 solution, built on top of the Ethereum Virtual Machine, uses BONE, a token of the Shiba Inu ecosystem, as a gas payment. Of course, SHIB also benefits from the operations of Shibarium, where part of…
In the latest development in the Binance SEC lawsuit, the U.S. District Court for the District of Columbia has issued a major order. The latest order concerns the claims related to exchange’s tokens BNB and BUSD. This order follows the SEC’s allegations of securities law violations, including unregistered sales of BNB and improper handling of customer funds through BUSD. Latest Court Order in Binance SEC Lawsuit In the Binance SEC lawsuit, the court has clarified that it will allow the SEC’s claims regarding the initial coin offering (ICO) of the crypto exchange’s native token, BNB, and the ongoing sales of…
Barcelona, Spain – BVNK, a payments infrastructure provider, has teamed up with Circle to expand the use of USDC for global business payments. This partnership will enable BVNK’s customers to take full advantage of USDC’s speed and reliability for multiple payment scenarios, including global payroll, contractor payouts, and large-scale customer payments.—USDC, a fully reserved dollar-backed stablecoin, offers fast, secure, and transparent payment options, making it an attractive solution for businesses needing cross-border efficiency. With USDC’s compliance under the EU’s Markets in Crypto-Assets Regulation (MiCA), BVNK’s European clients can easily adopt this digital currency for international transactions, reducing costs and improving…
Bitcoin, ether (ETH) advanced 2%-3% over the past 24 hours on strong day for cryptos. BTC bottomed last week and should rise further based on daily cycles theory, according to chartist Bob Loukas. The Federal Reserve is expected to lower interest rates next week, but market participants are divided on the size of the cut. Cryptocurrencies rallied on Friday with bitcoin (BTC) nearing the $60,000 level, buoyed by strong gains across the board on traditional markets. Bitcoin tumbled some 1% to $57,600 earlier during the day after software company MicroStrategy announced the purchase of 18,300 BTC for $1.1 billion. The…
io.net, a decentralized GPU cloud network, has entered into a strategic partnership with Phala Network to advance secure computation and decentralized AI. The collaboration will leverage io.net’s cloud platform, IO Cloud, to provide Phala Network with access to high-performance GPU hardware, enhancing its ability to support TEE (Trusted Execution Environment) CPU nodes. This partnership is a significant step toward enabling more advanced and secure AI computations within decentralized ecosystems. Expanding Phala’s decentralized AI capabilities with GPU access Phala Network, which relies on Nvidia H100 and H200 GPUs to power its TEE infrastructure, will benefit from io.net’s GPU cloud service to…
Last week, you probably saw that the cryptocurrency exchange Crypto.com sued the SEC. Maybe you moved on with your day, or read on to see that the company is “seek[ing] declaratory and injunctive relief to prevent the Securities and Exchange Commission (‘SEC’) from unlawfully expanding its jurisdiction to cover secondary-market sales of certain network tokens.” If you’re like me, you probably didn’t process this as big news. After all, cryptocurrency projects are suing or being sued by the SEC all the time, and none of these have moved the needle. Crypto.com CEO Kris Marszalek said it filed the complaint to…
MoonPay has taken another step in enhancing its platform with the introduction of Venmo as a payment option for U.S. users. Eligible customers can now use their Venmo balance, linked bank accounts, credit, or debit cards to fund their MoonPay accounts.—This new integration allows over 60 million active Venmo users to seamlessly buy and sell cryptocurrency on MoonPay, adding convenience and security to the process.This Venmo update follows MoonPay’s recent collaboration with PayPal, which already allows U.S. users to fund their crypto transactions directly through their PayPal accounts. This makes it easier for existing PayPal and Venmo users to enter…