Author: NBTC
The next important date in the SEC v. Ripple lawsuit is May 20, when the parties are expected to file their opposition to the omnibus sealing motions. The legal tussle between the SEC and Ripple is edging close to its end, with the parties and other third parties expected to file their letter briefs in opposition to the omnibus sealing motions soon. According to the court’s remedies scheduling order, the parties will file their respective opposition briefs by May 20, which is now set as the next important date of the lawsuit. Ripple Request to Seal Its Confidential Business Information…
Re.al has officially rolled out its mainnet, launching a new blockchain platform aimed at managing real-world assets such as properties and commodities and promises to return all profits to the users. Running on Arbitrum (ARB) Orbit and powered by Gelato’s Rollup-as-a-Service, re.al has made a strong start with $40 million already locked in and 190 properties ready for tokenization. The platform aims to address persistent issues in decentralized finance (defi) by making assets more accessible for trading, improving interoperability, and ensuring fluidity. “Its speed, flexibility, and security are exactly what we need to nurture an ecosystem centered around tokenizing real-world…
Taproot Wizards released a cartoon yesterday called CatVM. I will not refer to it as a whitepaper, those are real academic documents for adults. In the cartoon, interspersed amongst the absurd childish narratives, were a few valuable technical insights regarding different scaling proposals in the Bitcoin ecosystem. Of course, in true cartoon fashion, buried between wild exaggeration and embellishment. The end goal of the cartoon was to propose a new mechanism for moving in and out of scaling layers built on top of Bitcoin. To disentangle that actual proposal from the cartoon, we’ll have to break down the two pieces…
Ethereum surged above $4,000 in March before entering a downtrend, testing the $2,858 support level. Ethereum experienced a 2.95% decrease in value, closing at $2,945.5 after testing $3,041.8 yesterday. Technical analysis indicates Ethereum’s need to surpass the $3,220 level to initiate an uptrend, with a projected 2.90% price increase by June 18, 2024. With recent fluctuations capturing investor attention, one key insight emerges: Ethereum (ETH) must surpass the pivotal $3,220 level to catalyze an uptrend. ETH has been navigating a volatile path in recent months. March witnessed an impressive surge as Ethereum soared above the $4,000 mark, only to subsequently…
VeChain finally puts VET and VTHO holders’ concerns to rest. It explains how VOT3 and B3TR activity will only benefit VET and VTHO. The reveal comes right alongside a bullish chart formation of a possibly 500% gain for VET. VeChain has certainly had an exciting few months. With the launch of VeBetterDAO, its MaaS launch, and the arrival of its two new tokens B3TR and VOT3, the VET community was certainly overwhelmed. While most VET and VTHO holders were excited to see some active new direction in the blockchain, other remained skeptical. Besides these new launches, VeChain also announced multiple…
The seafood company that drove restaurant chain Red Lobster to bankruptcy with a misguided ‘Endless Shrimp’ promotion was previously praised for using blockchain technology to promote sustainable seafood production. Bangkok-based Thai Union became Red Lobster’s biggest investor in 2020 and subsequently took the decision to make the company’s popular ‘$20 Ultimate Endless Shrimp’ offer a permanent part of its menu. The promotion, which had been running on a limited-time basis for 20 years, was seen as the ideal way to shift the huge amounts of shrimp that Thai Union was catching. However, a 40% increase in customer traffic saw the…
Renowned Bitcoin critic Peter Schiff has debunked claims that the next wave of capital influx into the BTC ecosystem will come from Wall Street investors. Peter Schiff counter-criticism Responding to a CNBC Squawk Box interview featuring Bitcoin bull Anthony Pompliano, who noted that the net new dollars that will flow into Bitcoin will come from Wall Street, Peter Schiff noted that, in actual reality, investors in America are plotting the reverse action. Since spot Bitcoin ETFs became greenlighted by the United States Securities and Exchange Commission (SEC) in January this year, there has been significant capital inflow into the industry.…
Ethereum price started a downside correction from the $3,150 zone. ETH is holding gains and might start another increase from the $3,000 support. Ethereum started a downside correction after the bears defended $3,150. The price is trading above $3,000 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,080 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is a close below the $3,000 support. Ethereum Price Holds Ground Ethereum price gained pace after it settled above the $3,000 level, like Bitcoin.…
After venture capital firm Stratos boasted 300x profits from an investment in Solana meme coin Dogwifhat (WIF), other hedge funds started to consider meme coins as a legitimate investment. So, why did Stratos believe in a Shiba Inu with a hat? The California-based firm invested in WIF in December when it was around $0.01. And it’s still holding onto its stash of WIF, which is now trading for $2.76 according to CoinGecko data. Prior to investing in WIF, Stratos had invested in some of the “blue chip” meme coins—the likes of Dogecoin, PepeCoin, and Shiba Inu. Due to its small…
The US Securities and Exchange Commission (SEC) will make an important decision on the approval of Ethereum ETFs within the next week. However, according to Ric Edelman, President of the Digital Assets Council of Financial Professionals, the lack of a comprehensive regulatory framework for cryptocurrencies could lead to a negative outcome. Edelman, a famous investor and personal finance writer, expects another delay in the decision. “I think there will be another delay, which obviously isn’t all bad news,” he said in an interview on CNBC’s “ETF Edge” this week. However, the SEC will have two options, either an approval or…