Author: NBTC
Vanar Chain, which gave clues about the partnership it will announce today in its post yesterday and implied that the company with which the partnership was established according to these clues was Nvidia, made the expected partnership announcement. NVIDIA’s prediction based on the clues turned out to be correct and Vanar Chain announced that they had established a partnership with NVIDIA. “Vanar Chain is thrilled to welcome NVIDIA, the latest addition to the ecosystem! Thanks to NVIDIA’s infrastructure, all projects that are part of the Vanar AI, metadata and gaming ecosystem will gain access to the latest technology. Leveraging the…
A New York jury has begun deliberations in the SEC’s civil fraud case against Terraform Labs and its co-founder Do Kwon The SEC has accused the defendants of misleading investors about the stability of its so-called “algorithmic stablecoin,” Terra USD NEW YORK – Lawyers for the U.S. Securities and Exchange Commission (SEC) rested their case against Terraform Labs and its co-founder, Do Kwon, on Friday, releasing a New York jury to decide whether Kwon and his company are liable for allegedly misleading investors about the stability of Terra USD (UST) and its integration with a Korean mobile payments app. The…
Binance, the world’s most extensive cryptocurrency exchange platform, has unveiled a novel futures copy-trading service called “Discover,” as per the information shared with Finbold on April 5. The innovative, mobile-centric addition employs a straightforward swipe-right-to-like and swipe-left-to-skip mechanism, simplifying the process for copy traders to browse a wide variety of lead trader portfolios. The Discover user experience The new service is rather intuitive: a swipe right adds a portfolio to your favorites, while a swipe left lets you move on to the next option. Moreover, seamless integration allows users to effortlessly toggle between virtual “Mock” fund testing and direct trading.…
In an era where the democratization of technology becomes increasingly crucial to fostering inclusive and sustainable growth, D-Central Technologies is taking a significant leap forward. The company proudly announces the official launch of the Bitaxe Supra, a marvel in the realm of Bitcoin mining that symbolizes a new chapter in open-source technology.—Equipped with the advanced BM1368 chip from the Antminer S21, the Bitaxe Supra stands at the forefront of efficiency and performance, heralding an era where the power of mining is accessible to all, aligned with the foundational principles of Bitcoin itself.Open-Source PhilosophyThe essence of Bitaxe’s innovation lies deeply rooted…
US spot bitcoin ETFs have seen net money leave the category for four straight days, matching the longest streak in their 10 weeks of trading. Put another way, one bitcoin fund’s outflows have accelerated while the others have not been able to offset the bleeding. The 10 BTC funds endured net outflows amounting to $94 million on Thursday, putting the segment’s cumulative bleeding at $836 million so far this week, according to Farside Investors data. Spot bitcoin ETFs in the US have tallied $11.3 billion of net inflows since launching on Jan. 11. The funds saw about $2.5 billion of…
BNB Chain announced that the airdrop program has been launched to provide support to the community. Sharing from account X, BNB Chain included the following statements in its statement: “Introducing BNB Chain’s Airdrop Alliance Program, a program designed to reward the incredible support of our community. What is the Airdrop Alliance Program? This is an attempt by the BNB Chain ecosystem to organize airdrops for retroactive users on BSC and opBNB. We express our gratitude and encourage active participation in our community!” Stating that the BNB Chain Airdrop Alliance Program has started, he said that users should be ready for…
Do Kwon and Terraform Labs were found liable for fraud in a securities lawsuit. Before the verdict was announced, the jury was deliberating whether Kwon and his company were liable for allegedly misleading investors about the stability of Terra USD (UST) and its integration with a Korean mobile payment app. The SEC began its closing argument by explaining to the jury why they should find Do Kwon and Terra responsible for defrauding investors. They argued that there were significant omissions in what Terra told investors about Chai and UST’s algorithm. Using the metaphor of selling someone a car whose brakes…
Trading volume on the decentralized exchange Uniswap has exceeded $2 trillion five and a half years after its launch. According to data from Dune Analytics, trading volume on Uniswap crossed an essential level on April 5. Source: Dune Analytics Ahead of the expectation of a new record, the Uniswap team published a message that $2 trillion would be reached within 24 hours. Uniswap Labs also said it would transfer 200 USD Coin (USDC) to the first person to record and send to the firm a video clip updating the Dune Analytics dashboard showing Uniswap trading volume has surpassed $2 trillion.…
Coreum has launched the XRP Ledger (XRPL) bridge, allowing network participants to move XRP from XRPL to Coreum, the Cosmos ecosystem, and other supported EVM-compatible chains. Reza BASHASH, co-founder of Coreum and Sologenic, first brought attention to this functionality in a recent post on X. Bashash shared a snapshot of the XRP dashboard on Coreum Explorer, showing that there are now 1.2 XRP tokens on the Coreum network. Recall that the team first launched a bridge between XRPL and the Coreum network in the fourth quarter of 2022. However, this bridge had limited capabilities and only allowed the transfer of…
Coinbase chief legal officer Paul Grewal responded to a legal development that has revived a consumer lawsuit against the US-based crypto exchange that was dismissed in 2023. On April 5, Grewal said companies such as Coinbase have no private liability for the secondary trading of crypto tokens because “contracts matter.” Grewal cited a decision from the US Court of Appeals for the Second Circuit, stating: “We appreciate the Second Circuit confirming today what is clear under the federal securities law.” In their earlier amended complaint against Coinbase, plaintiffs attempted to remove references to the company’s user agreement, undermining their claims…