Author: NBTC

The Moskowitz Law Firm filed another class-action lawsuit against a crypto firm Thursday, this time alleging that OpenSea’s customers were sold NFTs as unregistered securities. The lawsuit brought in a Florida federal court claims that two residents of the Sunshine State sustained damages as a result purchasing NFTs on the platform, which served as a go-to place to purchase digital art and collectibles when the NFT market ran red-hot in 2021 and 2022. “We have learned a great deal in our extensive crypto litigation,” Moskowitz Law Firm Managing Partner Adam Moskowitz told Decrypt in a statement. “With today’s ever-changing regulation,…

FTX is gearing up to release $16 billion to creditors by Q4 2024, potentially providing a fresh influx of liquidity into crypto markets. Adding to the positive sentiment, pension funds like PRIM are looking into investment opportunities in digital assets, suggesting growing mainstream acceptance and institutional interest in cryptocurrency. Pension Fund’s Crypto Foray Boosts Confidence Though traditionally conservative, the Massachusetts Pension Reserves Investment Management (PRIM) Board has joined a growing list of institutional investors with exposure to cryptocurrency. PRIM manages public pension assets through the Pension Reserves Investment Trust (PRIT) Fund, which recently reached a record $105.3 billion in assets…

Securitize has partnered with Wormhole to integrate cross-chain capabilities for all tokenized assets on its platform. Securitize, the tokenization platform backed by financial giant BlackRock, announced a new integration with the Wormhole Foundation, enhancing the cross-chain capabilities of its tokenized assets. The collaboration, announced in a Sept. 20 blog post, is expected to enable future assets issued via Securitize to leverage Wormhole‘s blockchain interoperability framework. Under the partnership agreement, Wormhole’s messaging protocol will be customized by Securitize with its own smart contracts to meet asset managers’ regulatory requirements. Securitize, which facilitates tokenized securities, sees the integration as a significant step…

The gap between bitcoin’s volatility bands has narrowed to 20%. A similar reading preceded Bitcoin’s late 2023 surge. Traders bored of bitcoin (BTC)’s range-ridden days might want to return to their computer screens. An indicator called “Bollinger bandwidth” that successfully predicted the late 2023 volatility boom is glowing brightly again. Bollinger bands are volatility bands placed two standard deviations above and below the 20-day/week simple moving average of an asset’s price. The bandwidth, an unbound oscillator, is derived by dividing the spread between the volatility bands by the 20-period SMA. Bitcoin’s Bollinger bandwidth has declined to 20% on the weekly…

AVALand Network and Cryptopia World have developed a strategic partnership to revolutionize decentralized finance (DeFi) and gaming domains. This approach combines Cryptopia’s advanced web3 support with AVALand’s blockchain technology, opening up new possibilities for developers and gamers. 🎊Partnership Announcement: AVALand & Cryptopia🎊🥳We are excited to announce a strategic partnership between @avaland_network and @Cryptopia_world!💎Cryptopia, a cutting-edge web3 public chain, optimizes DeFi idle assets and unlocks new value in the GameFi space. By… pic.twitter.com/gU4XaU0wfc — AVA Land 🔺 | TESTNET IS NOW LIVE 🔥 (@avaland_network) September 21, 2024 AVALand, redefining the gaming industry with AI, shared this strategic partnership on its official…

Crypto sports sponsorship is cautiously rebounding in 2024, signaling a modest revival from the downturn following the boom in 2021. Despite these signs of recovery, the sector still falls short of reaching the highs witnessed during the peak year. The increase in sports sponsorship also indicates a recovery of the crypto market. Brands are sponsoring sports teams because they have additional funds available for such marketing activities. 2024 Records 26 New Sports Sponsorship The crypto industry started heavily investing in sports sponsorship in 2021. During that year, the industry saw an unprecedented expansion with 42 new deals, representing 45.6% of…

In a bid to simplify the complex world of cryptocurrency for a new generation, a group of former Monero developers, including core contributor Riccardo Spagni (also known as “fluffypony”), are launching the testnet of their Tari Universe desktop application for mining the eponymous Tari token. According to Tari contributor Naveen Jain, Tari was inspired by the early days of Bitcoin when anyone could mine cryptocurrency on their computer without the need for specialized equipment—before expensive, energy-consuming mining rigs became the norm. “If you think about a new person who doesn’t already have a MetaMask wallet installed and doesn’t have an…

Former President Donald Trump’s DeFi project, World Liberty Financial, will not be exempt from the stringent and opaque regulations imposed on US-based crypto ventures, according to SEC Commissioner Mark Uyeda. In an upcoming interview with Fox Business journalist Eleanor Terrett, Uyeda acknowledged the challenges Trump’s project will face as it navigates the complex regulatory environment for digital assets. However, he also clarified that these will largely relate to disclosure-related requirements, and the SEC would not act as a “merit regulator.” He said: “The Commission is a disclosure regulator, not a merit regulator. We do not judge the merits or risks…

Singapore – Crypto exchange OKX has taken a turn of sorts over the past few months. It is rethinking its strategy in three major areas; the look and tech aspects of its application, its approach toward regulation and expansion, and its brand strategy as the primary partner of McLaren Formula 1 Team, OKX CMO Haider Rafique told CoinDesk in an interview. Rafique revealed the behind the scenes action at OKX in the past year at the unveiling of a limited-edition livery design on the McLaren MCL38 F1 race cars as Singapore gears up for its Grand Prix this weekend. The…

APRO Oracle has officially integrated with The Open Network (TON), a decentralized blockchain platform that supports decentralized applications and digital assets. This collaboration marks a significant step for TON’s ecosystem, as APRO Oracle brings stable and real-time price data for various assets, including Bitcoin ($BTC), Toncoin ($TON), and other assets like Dog($DOG) and Notcoin ($NOT). 🧪Unveiling the APRO Oracle Alliance! @ton_blockchainAPRO Oracle is now integrated with #TON! As a decentralized blockchain platform, TON (The Open Network) aims to build a distributed, high-performance ecosystem supporting decentralized applications and digital assets. APRO… pic.twitter.com/C7NTU2hovl — APRO Oracle 🇸🇬Token2049 (@APRO_Oracle) September 19, 2024 Supporting…