Author: NBTC
Blockchain-based gaming company Immutable announced in a post on X on Thursday that it had received a Wells Notice from the U.S. Securities and Exchange Commission (SEC). This notice indicates that the SEC has completed an investigation and believes Immutable may have violated securities laws. However, with the potential for a change in SEC leadership following the upcoming presidential election, the fate of this investigation remains uncertain. The SEC’s current chairman, Gary Gensler, could be replaced if a new presidential administration takes office on January 20. That change could significantly impact ongoing investigations, including Immutable’s. “Ongoing investigations at the SEC…
The wife of the defunct Three Arrows Capital (3AC) founder, Zhu Su, has reportedly sold a mansion in Singapore for S$51 million (US$38.5 million). This sale occurred despite a court order to freeze some of the couple’s assets. A property record accessed by Bloomberg showed that Tao Yaqiong, also known as Evelyn, made the deal to sell the property in July and completed the transaction last month. The house is a bungalow on 1,446 square meters of land at Dalvey Road, near the Singapore Botanic Gardens. Records show that Evelyn bought the house in 2020. 3AC was a top crypto…
The internet has a way of making a mockery of almost any event, whether light-hearted or deadly serious. The most recent expression of this ability occurred in the cryptocurrency markets between September 15 and September 16, when an obscure Taylor Swift-themed meme coin, SWIFTIES, plunged 9.25% from $0.02863 to $0.02417. The strange link between SWIFTIE and the Trump assassination attempt Such decline can be attributed to a bizarre sequence of events, which first saw Taylor Swift endorse the Democratic candidate, Vice President Kamala Harris, in the wake of the most recent debate. Then, on the morning of Sunday, September 15,…
Kemi Badenoch was elected as leader of the Conservative Party. Badenoch has not been very vocal when it comes to crypto though the party is notoriously known for being pro-crypto. Kemi Badenoch was elected as leader of the Conservative Party on Saturday following four months of debate after former head Rishi Sunak said he’ll stand down from the role. Sunak’s decision to resign as party leader came in the wake of Labour’s landslide victory in the recent general election. Badenoch defeated Robert Jenrick for the role. While the Conservatives have in the past been crypto-friendly – proposing measures to ensure…
September is a traditionally volatile month for Bitcoin (BTC) that usually results in monthly losses, according to analysts. The projection is that BTC could fall to $55,000 if the average loss is seen this month. The trader identified as Rekt Capital shared on X that a single-digit downside for Bitcoin in September happens 54% of the time, while a single-digit upside happens 27% of the time. Notably, Bitfinex analysts added that the average return is 4.78%, and a typical peak-to-trough decline is 24.6%. This volatility, they explained to Crypto Briefing, is caused by the end of the “summer trading lull,”…
New partnerships between central banks target digital currency integration to streamline tokenized cross-border transactions and modernize the global financial infrastructure. Cross-Border Finance Revolution: Three Nations Pioneer Digital Asset Integration The Hong Kong Monetary Authority (HKMA) unveiled two significant partnerships this week to promote cross-border tokenization with the Bank of Thailand (BOT) and Brazil’s Banco Central do Brasil (BCB). Both collaborations, part of HKMA’s Project Ensemble, target the integration of central bank digital currency (CBDC) infrastructures for tokenized cross-border transactions. In partnership with the Bank of Thailand, the HKMA aims to explore Payment versus Payment (PvP) and Delivery versus Payment (DvP)…
Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. In a continuing trend of Ethereum-centric projects expanding into the Solana ecosystem, Worldcoin’s World IDs can now be authenticated on Solana. Well-funded interoperability protocol Wormhole is handling the deployment by bridging World ID’s state roots, or snapshots of details like account balances at a given point in time, from Ethereum to Solana. Early Solana-native projects to explore using World ID include DRiP, DSCVR and Flojo. Worldcoin is an identity project developed by Tools for Humanity, a company that boasts…
Immutable, an Ethereum Web3 gaming firm, has received a Wells Notice from the United States Securities and Exchange Commission (SEC), according to a statement released on Friday. A Wells Notice is an indication that the SEC is considering filing a lawsuit against a company. In a blog post, Immutable stated that the SEC served it a sudden Wells notice, which non-specifically alleges violations of securities law and alleged misrepresentations by the company. While not indicated in the notice, Immutable believes the SEC’s claims are aimed toward the listing and private sales of IMX in 2021. Immutable joins Coinbase, Consensys, Ripple,…
Over the last six months, Bitcoin (BTC) has been trading in a range that is getting progressively tighter. During this period, prices have ranged from a high of $73,100 to a brief low of $53,960 — as of press time, the world’s largest cryptocurrency has shed 11.78% of its price, taking a notable bite out of the 40.10% year to date (YTD) rise. In a TradingView post on August 27, technical analysis expert and trader MetaShackle suggested that “BTC is forming an absolutely massive Cup & Handle on the Daily/Weekly chart. There has never been a formation like this in…
On October 29, 2024, The Boston Consulting Group, Aptos Labs, and Invesco published a Whitepaper with the title Tokenized Funds: The Third Revolution in Asset Management Decoded. Although the title is interesting and potentially thought-provoking, is there any truth in it? Is fund tokenization the next step in financial evolution, and if so, to what end? According to the White Paper, fund tokenization (which they call the third revolution in asset management) offers the potential to create billions of dollars of value for both financial institutions and end investors. It claims that in late 2024, tokenized funds had secured more…