Author: NBTC
A federal judge ruled that Coinbase shareholders brought plausible allegations about how the exchange portrayed the chances the U.S. Securities and Exchange Commission might sue it. The judge dismissed most of the other allegations brought in the shareholder lawsuit. A U.S. judge denied in part last week Coinbase’s request to dismiss a class action lawsuit from shareholders accusing the exchange of misleading them about its chances of being sued by the U.S. Securities and Exchange Commission. A group of Coinbase shareholders sued the exchange in 2022, alleging the exchange “made materially false and misleading statements” about its operations and risk…
The Bitcoin mining difficulty reached a new all-time high of 92.67 trillion on September 11. This represents a 3.04% increase over the last 24 hours and continues an upward trajectory in mining competition. JUST IN: #Bitcoin mining difficulty hit a NEW ALL-TIME HIGH 🚀 pic.twitter.com/vhq0ClEXRW — Bitcoin Magazine (@BitcoinMagazine) September 11, 2024 The Bitcoin difficulty chart plots the historical increases and decreases in mining difficulty over time. It measures how hard it is for miners to find a valid hash for the next block. Higher difficulty requires more computing power to mine new Bitcoin. When combined with the Bitcoin price,…
Rollups have become the narrative focus of scaling Bitcoin lately, becoming the first thing to truly “steal the limelight” from the Lightning Network in terms of wider mindshare. Rollups aim to be an off-chain layer two that is not bound or constrained by the liquidity limitations that are central to the Lightning Network, i.e. end users required someone allocate (or “lend”) them funds ahead of time in order to be able to receive money, or intermediary routing nodes requiring channel balances that can facilitate the movement of the payment amount all the way from sender to receiver. These systems were…
Grayscale, the world’s largest digital asset company, shared its views on Bitcoin’s performance in the context of a potential US recession. The analysis follows a weak jobs report on Friday that reignited concerns about the economic outlook. Zach Pandl, Research Manager at Grayscale, provided a detailed breakdown of the situation. The unemployment rate rose to 4.3% from last year’s cyclical low of 3.4%. According to the analyst, such an increase under the Sahm Rules usually only occurs during recessionary periods. According to Pandl, financial markets reacted quickly to the expected slowdown in economic growth. Stock prices fell and bond yields…
With Ethereum facing a surge in supply and growing regulatory troubles, will Ethereum sustain dominance at $2,150 support? With a 0.95% drop in the past 24 hours, Ethereum is trading at $2,329, a 2.72% dip in the last seven days. The biggest altcoin in the crypto industry, with a market cap of $280 billion, is struggling to regain bullish momentum. With growing troubles and its co-founder, Vitalik Buterin, on a selling spree, will Ethereum hold crucial support this week? Ethereum in a Falling Channel In the daily chart, the Ethereum price action reveals a bull cycle struggling to sustain after…
Forbes’ web3 team (Forbes Web3) is planning to roll out a blockchain-based loyalty platform in partnership with the qiibee foundation, according to a Monday press release shared by the team. The platform, set to launch later this year, seeks to transform how web3 communities interact with brands through innovative rewards. “We are developing a loyalty program that not only rewards our users but also offers meaningful and tangible benefits,” said Taha Ahmed, Forbes’ Chief Growth Officer. The loyalty program will feature a diverse range of products, including gift cards for major brands like Amazon and Apple, charity donations, and airline…
Bitcoin price plummeted significantly and fell to the $50K level over the last weekend. The token showed upward movement in the past few days as per CMC data. The crypto market saw announcements of Binance being imposed by GST fees and the Ronin Network’s hack in the last 24 hours. Importantly, on-chain data provider Crypto Quant’s author, observed that almost 60% of the top 50 cryptocurrencies have lost their 2024 gains. On the other hand, the largest cryptocurrency, Bitcoin has managed to sustain its recent upward movement after the weekend price dip. Notably, Bitcoin price has shown a 1.87% increase…
A massive XRP transaction has recently caught the attention of the crypto community as a new whale appears to have surfaced following the transfer of a staggering 99,225,384 XRP tokens. According to crypto data tracker Whale Alert, “99,225,384 XRP worth $61,644,558 was transferred from an unidentified wallet to an unknown new wallet.” 🚨 🚨 🚨 99,225,384 #XRP (61,644,558 USD) transferred from unknown wallet to unknown new wallethttps://t.co/FNkWZDm3i9 — Whale Alert (@whale_alert) August 24, 2024 This unknown new wallet was activated with the transfer, birthing the advent of a mega XRP address. The destination wallet was launched on Aug. 24 and…
The SEC’s aggressive digital asset enforcement actions have netted billions in settlements, the bulk of which occurred this year. Since the U.S. Securities and Exchange Commission extended its oversight to the nascent crypto industry in 2013, civil penalties levied against crypto firms have totaled over $7.42 billion, according to a Social Capital Markets study shared with crypto.news on Sept. 9. Notably, 68% of the SEC’s lifetime penalties, worth $4.68 billion, were issued to crypto businesses in 2024 as the agency intensified its Web3 crackdown. The SEC and Do Kwon’s Terraform Labs reached a record $4.68 billion settlement, eclipsing the $4.3…
Blockchain technology has transformed the way we manage and record data by offering decentralized solutions across various industries. However, blockchains come in different types, each tailored to specific needs and functionalities. This guide will help you understand the differences between hybrid and federated blockchains just like the previous one tackling the public vs private ones, so you can determine which might be best suited to your requirements. 1- A Brief Reminder of What is a Blockchain A blockchain is a digital ledger that records transactions and data securely, transparently, and in a decentralized manner. Its origins can be traced back…