Author: NBTC
Attorney Fred Rispoli recently assessed the odds of the SEC’s win against Ripple during his appearance on the “Thinking Crypto” podcast. The probability of the SEC’s victory will depend on the judgment who gets assigned the case in question. “And you could have an okay panel, you could have an amazing panel, or you could have a terrible panel,” he said when commenting on the panel of three judges that will handle the appeal. “If there’s a panel that has a long history of agreeing with the government on everything, SEC’s chances go up. You know, there could be a…
In a swift and promising start, the DFK Colosseum has seen a massive surge of participation in its first three days of PvP (player versus player) combat, with more than 33,000 heroes bridged into the action. This early success highlights the growing excitement around the platform, as players enthusiastically embrace the new PvP dynamics. A quick recap of the first 3 days of DFK PvP, live in the Colosseum! This is just the beginning and we’re loving watching players dive in and take part in the action. There’s plenty more coming, so make sure to stay tuned, check it out,…
At the core of the blockchain and cryptocurrency industry is the idea of decentralization – a system where power and control are distributed among many individuals instead of being centralized in the hands of a few. This concept has been integral to the creation and success of cryptocurrencies, with Bitcoin being touted as a truly decentralized network.—As the industry continues to evolve, we have seen the emergence of projects that prioritize speed and efficiency over absolute decentralization. One such project is Solana, a high-performance blockchain platform that has been gaining significant attention and adoption in recent months. Solana’s approach to…
The Russian State Duma is developing a bill to apply anti-money laundering measures to the digital ruble platform. According to the State Duma Committee on Financial Markets, it is time to adopt the bill that would allow banks to block suspicious transactions. Once approved, the bill will take effect on January 1, 2025. The bill was introduced in March by deputies and senators led by Anatoly Aksakov. The digital ruble is a new form of national currency intended to modernize Russia’s financial system. Central Bank Takes On Major Role The bill proposes a multi-level anti-money laundering model for the digital…
Since February this year, Core DAO has reportedly spiked in the blockchain sector, seeing a staggering 11,000% increase in its growth. This sheer rise has fortified CoreDAO’s status as the chief player among blockchains powered by Bitcoin. With the maximum number of on-chain transfers, CoreDAO has obtained substantial attention. Additionally, it has also strengthened the status thereof as a power in the evolving sector of blockchain technology. 📈 Surging with over 11,000% growth since February 2024, @Coredao_Org now stands at #1 spot, dominating Bitcoin-powered blockchains with the highest on-chain transactions! The future is Core, and it’s unstoppable. #BuildOnCore 🏗️🔶 pic.twitter.com/CjEC80IVSB…
Billionaire entrepreneur and Shark Tank star Mark Cuban remains a fan of the original memecoin Dogecoin, but his statements have been confusing. Mark Cuban Says Dogecoin and All Memecoins Are a Kind of Rug Pull However, in a recent interview, Cuban expressed skepticism towards meme coins in general, warning that “every memecoin is a rug pull that’s on its way,” but added that this inherent risk is part of their appeal. Speaking to Farokh Sarmad on Rug Radio, Cuban emphasized the ephemeral nature of memecoins. “Every single memecoin is a rug pull, right? Because there’s no real reason for it…
Senator Elizabeth Warren has called for bold action from regulators, urging the acting head of the Office of the Comptroller of the Currency (OCC) to address Citibank’s persistent operational failures. Warren stated that Citibank may be “too-big-to-manage,” citing years of regulatory missteps and mishandled reforms, despite ongoing penalties. The letter suggests that breaking up the bank could be a necessary step. Warren Pushes for Stricter Oversight on Citibank U.S. Senator Elizabeth Warren (D-MA) urged Michael Hsu, acting head of the Office of the Comptroller of the Currency (OCC), on Friday to address Citibank’s longstanding operational failures. In a letter to…
Ethereum and Bitcoin, two of the world’s largest blockchains, are facing significant challenges in scaling their networks. As more users and transactions move to layer two (L2) solutions, these systems could undermine the security and sustainability of the base layer (L1), with fees and rewards for miners and validators dwindling. Growing L2 Adoption Raises Concerns for Base Layers Both Ethereum and Bitcoin are grappling with a fundamental issue: how to scale their networks to accommodate the growing number of users without sacrificing security or decentralization. Recently, Cybercapital founder Justin Bons presented his theory that Layer 2 (L2) platforms are “parasitic”…
The Power Law Corridor model further anticipates that Bitcoin could touch $89,000 or more before the end of the year based on price oscillations. The current Bitcoin price range is similar to previous trading ranges before large movements up or down, hence suggesting that a new breakout is in its way. The blue line on the model is seen by analysts as a long term trend, which consistently brings Bitcoin price up to higher grounds. Bitcoin is expected to hit and surpass the 89k mark by the end of the year through a principle called the Power Law Corridor. Experts…
With spot crypto ETFs gaining momentum, many expect the upcoming US election to influence their approval. The Securities and Exchange Commission’s recent appeal of the court ruling in its case against Ripple Labs could also hinder those types of funds getting the regulatory green light. Investment firm Bitwise on Tuesday filed for an ETF that would hold Ripple (XRP) directly. Canary Capital appeared to file for a similar product, according to the Delaware corporation website. Read more: Bitwise files SEC paperwork to launch spot XRP ETF The digital asset that powers the XRP Ledger public blockchain, XRP helps facilitate cross-border…