Author: NBTC
In a series of posts on the X social media network, Stuart Alderoty, Ripple’s chief lawyer, has once again taken aim at the U.S. Securities and Exchange Commission following recent comments made by Gurbir Grewal, the agency’s enforcement director. Grewal has pushed back against claims that the regulator is exceeding its authorities with enforcement actions while also “picking winners and losers” within the cryptocurrency industry. The SEC official dismissed these accusations as “verbal gymnastics,” arguing that the cryptocurrency industry simply is not willing to follow the same rules that apply to everyone else. He added that these pro-crypto arguments are…
Adelaide Oval, a landmark South Australian sporting venue, now allows AFL patrons to purchase food and beverages using crypto. This marks the first instance of such a payment option being offered at a major national stadium. A collaborative effort between Crypto.com, the Adelaide Crows Football Club, and fintech software firm DataMesh facilitates this initiative. It brings state-of-the-art payment technology and terminals to the venue. The announcement strategically coincides with the AFL’s 2024 Gather Round event, which is anticipated to draw thousands of fans across five scheduled AFL matches. The crypto payment service for fans will take place at the AFL’s…
The prominent Web3 tech firm OKX has made an exclusive investment in UTXO Stack in partnership with Cell Studio. As per the announcement, the firm’s investment arm OKX Ventures has allocated funds for the modular Bitcoin L2 blockchain launch forum UTXO Stack. The seed funding’s co-leaders included SNZ and ABCDE along with the other well-known participants like DRK Lab, Matrixport, etc. OKX Ventures Contributes to the Seed Funding of UTXO Stack for BTC L2 Expansion UTXO Stack leads the expansion of the BTC ecosystem by letting developers conveniently start Bitcoin L2 solutions. The platform has integration with the protocol RGB++…
Fox Business journalist Eleanor Terrett has taken to X to react to a recent claim that she was illegally offering financial advice regarding Bitcoin (BTC), Ethereum (ETH), and XRP (XRP). Notably, an X user who goes by the pseudonym Crypto Guy (@cryptoguy2714) made this claim. In a recent post, Crypto Guy accused Terrett of offering financial advice regarding BTC, ETH, and XRP “when she shouldn’t be.” The user claimed that Terrett first got people to buy XRP and also lured them to acquire BTC and ETH. Consequently, he believes the authorities should sue Terrett for allegedly engaging in this act…
KuCoin announces a new prediction challenge centered around top crypto assets like XRP, BTC, ETH, and SOL. Participants will have a chance to share in a prize pool of $30,000. The leading exchange disclosed the details of the prediction challenge in a post today on X. 🔮 #KuCoin Prediction Challenge! Predict which coin – #ROOT, #BTC, #ETH, #SOL, or #XRP – will lead to price gains! 📈 🗳️ Correct guesses dip into the daily $5,000 pool! 🎉 Grand Prize: Ace the most predictions for a slice of $10,000!#CryptoChallenge #WinBigWithKuCoin — KuCoin (@kucoincom) April 4, 2024 Details of the Contest The…
The Bitcoin halving—the quadrennial event that slashes the rewards miners earn for supporting the network—looked to be on target for April 20 (4/20) as of Valentine’s Day last month. And at the time, Bitcoin investors were praying for a new all-time high price of $69,000. Ahem. Just over a week ago, however, the halving target had moved up to April 15, and Bitcoin had already blasted past its all-time price mark to $71,000. Meme number dream ruined? Well, only partially—because now the Bitcoin halving appears to be set for April 20 again. Will the latest estimate hold true? Only time…
Investment management firm Ark Invest, led by Cathie Wood, has made significant moves in its portfolio management strategy, divesting $6.4 million worth of Coinbase shares in two of its exchange-traded funds (ETFs). Ark Invest Sold Coinbase Shares Worth $6.4 Million The latest trading filing from the company revealed that Ark sold a total of 25,662 Coinbase shares. The sales included 22,690 shares of Ark’s Innovation ETF (ARKK) valued at $5.7 million and 2,972 shares of the Next Generation Internet ETF (ARKW) valued at $742,000. The divestiture marks the first major reduction in Coinbase holdings since Ark sold $21 million worth…
Top crypto pundit Lola highlights 15 reasons why investors should believe in Shiba Inu, as several analysts expect its price to reach the $0.01 level. Shiba Inu community members have remained optimistic about the future of SHIB, given the asset’s outstanding performance in the past week. Recall that Shiba Inu price soared nearly 300% last week to $0.000045. 15 Reasons Why You Should Believe in Shiba Inu In the meantime, Lola, a Shiba Inu community figure, recently highlighted 15 reasons why SHIB holders should believe in the token’s future prospects. SHIB’s Recognition in Hong Kong The pundit emphasized the importance…
As the cryptocurrency community still awaits the conclusion of the courtroom standoff between the United States Securities and Exchange Commission (SEC) and blockchain company Ripple, legal experts have highlighted what seems to be the regulatory watchdog’s unequal approach. Specifically, law professor J. W. Verret pointed out that the “SEC typically collects 11% of unregistered sales claims, but in Ripple case, they want 300%,” adding that “this is what abuse of power looks like,” as he explained in a post on his X profile BlockProf shared on April 3. Disproportionate Ripple SEC request Furthermore, Verret posted a graphic showing the disproportionate…
The return of KuCoin to the Play Store in India despite recent legal issues marks a significant development for Indian crypto investors. Despite facing charges from the U.S. Department of Justice (DOJ) for violating anti-money laundering laws and a lawsuit from the U.S. CFTC over its ETH margin trading, KuCoin is making efforts to continue its operations. 𝗛𝘂𝗴𝗲 𝗡𝗲𝘄𝘀 𝗳𝗼𝗿 𝗜𝗻𝗱𝗶𝗮𝗻 𝗖𝗿𝘆𝗽𝘁𝗼 𝗨𝘀𝗲𝗿𝘀 🔥🔥#KuCoin is back on the Play Store after being the first FIU-complaint foreign #Crypto exchange in 🇮🇳 India pic.twitter.com/OfCKhPzbe1 — Wise Advice (@wiseadvicesumit) April 3, 2024 However, data from Kaiko shows that the impact of these charges…