Author: NBTC

In an interesting development in the SEC lawsuit, Ripple announced yesterday it had filed a cross-appeal of Judge Torres’s final judgment, which was entered on Aug. 7, 2024. Ripple CEO Brad Garlinghouse and Chairman Chris Larsen were named defendants in the cross-appeal notice to the United States Court of Appeals of the Second Circuit dated Oct. 10, 2024. At the start of October, the SEC appealed the ruling, ordering Ripple to pay a $125 million civil penalty on its XRP sales, a fraction of the $2 billion sought by the regulator. The latest cross-appeal move by Ripple against the SEC…

Following the early access release of Off the Grid earlier this week, the Avalanche-based battle royale shooter is rising the ranks of the Epic Game Store. Developed by Gunzilla Games, Off the Grid rose to the top of the storefront’s Most Popular Free-to-Play PC Games list on Friday, topping Epic’s own massively popular Fortnite and Rocket League. It’s also the first title listed on the store’s Trending list. The game pits players against each other in a similar way to other battle royale shooters like Fortnite and Apex Legends: shoot, loot, and survive as the map gets gradually smaller. At…

According to the latest announcement from the Mt. Gox exchange, the platform will extend its repayment deadline by another year. Mt. Gox, a Bitcoin exchange founded in July 2010 and based in Tokyo, suffered a hack in 2014, losing a substantial amount of Bitcoin (BTC). This hack ultimately led to Mt. Gox’s bankruptcy. Mt. Gox Adjusts Final Deadline for Payment Completion The document also indicates that most creditors have completed the basic, temporary, and early repayment processes. However, some creditors have not completed the necessary procedures or encountered issues during repayment. Read more: Top Crypto Bankruptcies: What You Need To…

Bitcoin staking Layer-1 network Core is planning to enter the U.S. exchange-traded fund (ETF) market within the next five years, according to Rich Rines, Initial Contributor to Core. “We brought the first yield-bearing ETPs to market earlier this year, and that was a feat no one else has matched,” Rines told Decrypt. “This is just the start of the institutional story for Core. We’re aiming to roll out ETFs in the U.S. as soon as regulatory frameworks allow it.” Core’s entry into yield-bearing Bitcoin Exchange-Traded Products (ETPs) began in June 2024, when Valour, a subsidiary of DeFi Technologies, launched the…

Ethereum’s price held steady around $2,400 – $2500 during a volatile 24 hours and Vitalik Buterin’s latest comments have some investors feeling bullish, piquing their interest on whether this is the right time to buy Ethereum. Ethereum is currently the second-largest cryptocurrency by market cap, with a trading volume of $14.5 billion. It is up nearly 1% in the last 24 hours, despite a slight dip earlier in the day. After Vitalik Buterin’s recent comments about Ethereum, which have made people feel good about the asset, people are wondering if this is a good time to invest. Buterin talked about…

A new survey conducted by Charles Schwab, a leading publicly traded US brokerage managing over $9 trillion in client assets, has shown that 45% of respondents expressed intentions to invest in Bitcoin and crypto ETFs over the next year. Bullish sentiment towards crypto assets has increased among ETF investors compared to the previous year. In 2023, only 38% of respondents said they planned to invest in crypto ETFs in the following year. The shift in ETF investment trends reflects growing investor confidence in crypto assets. Still, US equities are investors’ top picks, with 55% planning investments in 2025. Meanwhile, interest…

HashKey Capital and GCR Deposit $3.11M in EIGEN to Binance, Signaling Strategic Moves In a noteworthy development within the cryptocurrency market, two prominent traders—HashKey Capital and GCR—deposited a combined 749,960 EIGEN tokens, valued at approximately $3.11 million, into the Binance Exchange. This activity was reported by the on-chain data analysis platform Spot On Chain via X (formerly Twitter), further highlighting the growing interest in the EIGEN token. The EIGEN token deposits to Binance took place within the past hour, with HashKey Capital contributing a significant portion of the funds. HashKey Capital, a prominent cryptocurrency investment firm, transferred 496,013 EIGEN tokens,…

After over a year of negotiations, the Washington State Department of Financial Institutions (DFI) has joined a multi-state settlement agreement with GS Partners. Accused of violations under Washington’s Securities Act, the case centers on GS Partners’ Metacertificates and a multi-level marketing scheme. Investors can now submit claims through a newly established portal, opening in November 2024, to seek compensation in digital currency. Washington Joins Settlement Against GS Partners Over Securities Violations The Washington State Department of Financial Institutions (DFI) has joined a multi-state settlement agreement with GS Partners after over a year of negotiations. The DFI, alongside other state regulators,…

Crypto exchange BitMEX has introduced automated trading bots with customizable options for different trading strategies. Seychelles-based cryptocurrency exchange BitMEX is expanding its offerings with the launch of automated trading bots that enable users to implement customizable strategies for trading. In an Oct. 10 press release shared with crypto.news, BitMEX said that the so-called “Trading Bots” tool is designed to implement predefined strategies or react to market signals. The platform provides two tiers of Trading Bots: Basic Bots, intended for new traders, enable automated trading setup, while Advanced Bots cater to more experienced users, offering a range of configuration options, including…

Bitcoin recovers above $62,000 following the Federal Reserve’s dovish interest rate decision. Lookonchain chart shows how the Federal Reserve Rate has impacted Bitcoin’s price. Ki Young Ju, founder of CryptoQuant, posted on Twitter that institutions are no longer aggressively shorting Bitcoin. Bitcoin (BTC) extends recent gains and trades above $62,000 at the time of writing on Thursday, following a 2.4% increase the previous day after the Federal Reserve’s (Fed) dovish decision to cut interest rates by 50 basis points. On-chain metrics shared by Ki Young Ju, founder of CryptoQuant, further indicate signs of BTC strength. Bitcoin’s reaction to Fed rate…