Author: NBTC
After the U.S. Commodity Futures Trading Commission’s court defeat last week in the agency’s pursuit of Kalshi’s election contracts, the regulator’s chairman, Rostin Behnam, said it will still keep pursuing the case against what it continues to contend is illegal activity. “This is a situation that we think is against the law,” Behnam said at a financial policy event at Georgetown University’s Psaros Center for Financial Markets and Policy. “We will continue to make that case.” Federal Judge Jia Cobb of the District of Columbia court ruled last week that the CFTC exceeded its authority by banning Kalshi from listing…
Telegram, one of the fastest-growing messaging platforms, is quickly becoming a major GameFi (Game Finance) player. With over 950 million active users globally, the platform has evolved from a simple messaging app into an ecosystem that fosters communities, businesses, and gaming experiences. The launch of gaming projects on Telegram signals an exciting new chapter in the platform’s development, where players can earn real-world value while engaging in gaming. GameFi, a combination of gaming and decentralized finance (DeFi), has taken the blockchain world by storm. The concept of play-to-earn (P2E) gaming allows users to earn cryptocurrency or NFTs through gameplay, turning…
Recently, a tweet titled “HTX & Justin’s Leadership” by Sjuul, founder of AltCrypto Talk and co-founder of Kollect Agency, sparked heated discussions in the market. The article noted that SunPump’s success showcases Justin Sun’s keen sense and insights into market trends and changes in the crypto market. At the same time, with Sun’s guidance, HTX has rapidly gained momentum and achieved significant milestones. HTX Elevates SunPump to New Heights In his tweet, Sjuul pointed out that with SunPump’s significant market influence and growth potential, many early investors have received great returns, and this wealth effect has attracted more memecoin investors…
Civic, a blockchain-based identity management platform, has teamed up with Rentality, a Web3 car rental service, to introduce a new way to verify driver’s licenses and enforce age restrictions. This partnership uses blockchain technology to bring a higher level of security and compliance to the car rental industry, starting on the Base network, according to a press release shared with crypto.news. The concept, called the Civic ID Verification Pass, allows Rentality users to verify their identity and driver’s license online without needing to visit a physical rental location. This verification process eliminates the need for intermediaries, such as rental companies…
According to some recent forecasts on the price of Bitcoin, high volatility could be on the way. On Monday the price of BTC had briefly touched $70,000, but on the same day it had already fallen back below $67,000. The following day it also dropped below $66,000, and on Wednesday it dropped below $65,000. Yesterday it first fell below $64,000, and then in a few hours it plummeted to just over $62,000. So from the peak on Monday it lost 11% in four days, but then it slightly bounced back and returned at least above $64,000. Volatility incoming: the latest…
In the last year and nine months since December 2022, more than 75 million Ordinal inscriptions have been minted on the Bitcoin blockchain, according to the latest statistics. This technology has given Bitcoin a new role in the world of digital collectibles. Today, Bitcoin stands as the third-largest blockchain by non-fungible token (NFT) sales, carving out a significant position in the NFT ecosystem. Bitcoin Carves Its Place in the NFT World Despite a noticeable drop in sales, interest, and activity across the broader NFT industry, the Bitcoin blockchain has found its own spotlight in the space. It kicked off just…
Two of the leading U.S. lawmakers seeking crypto oversight legislation, Rep. Patrick McHenry (R-N.C.) and Sen. Cynthia Lummis (R-Wyo.), are maintaining their position that a chance remains for a bill to clear Congress before the year is out. That long-odds scenario would require some delicate maneuvering to get crypto matters attached to must-move legislation in the so-called lame-duck session of Congress after the elections but before the new members arrive for next year’s session. “I really do think we’re going to get something done in the lame duck,” Lummis said at an event Tuesday hosted by Georgetown University’s Psaros Center…
The European cryptocurrency exchange One Trading (formerly known as Bitpanda Pro) has just secured strategic funding from SC Ventures, the investment arm of Standard Chartered. This coincided with the digital asset platform obtaining new crypto authorization in the Netherlands. One Trading plans to use the funds to launch the EU’s first crypto perpetual futures as a MiFID II trading venue. This follows the company’s July 2024 acquisition of an Organised Trading Facility (OTF) License from the Dutch Financial Markets Authority, establishing it as a MiFID II-compliant platform. We are excited to announce that @scventuresDNA have made a strategic investment in…
Bitcoin miner Hut 8 is expanding its partnership with Bitmain to introduce a new ASIC miner with direct liquid-to-chip cooling, set to deploy in Q2 2025. Miami-headquartered crypto mining firm Hut 8 has expanded its partnership with Bitmain, announcing the upcoming launch of the U3S21EXPH, a next-generation ASIC miner capable of reaching up to 860 TH/s. In a Sept. 19 press release, the company the miner, which is scheduled for deployment in Q2 2025, is the first mass-commercialized ASIC model to feature direct liquid-to-chip cooling in a U-form factor. “We believe this model represents a more thoughtful approach to capturing…
Banking giant JPMorgan, credit card company Visa as well as major central banks from Japan and the US have thrown their support behind a sophisticated cross-border payment project that was initiated by the Bank of International Settlements (BIS), Bloomberg reports. The cross-border payment program, which is known as Project Agora, aims to improve the efficiency of cross-border payments by making them faster and more transparent. The public-private collaboration could potentially reshape the existing financial market infrastructure with the help of a unified ledger. The project primarily focuses on tokenization, which has emerged as one of the biggest crypto trends. This…