Author: NBTC

U.S. judges are providing clarity on the legal status of cryptocurrency tokens. In a series of recent rulings, judges have emphasized that tokens themselves are not inherently securities. These decisions come from cases involving Ripple, Kraken, and Binance, where the SEC sought to categorize these tokens as securities under existing laws. Judge Torres in SEC v Ripple told the SEC that the XRP token itself is not a security /1 pic.twitter.com/XpjbaJbdsl — bill morgan (@Belisarius2020) August 29, 2024 In the SEC v. Ripple case, Judge Torres explicitly stated that XRP, Ripple’s digital token, is not inherently a security. This ruling…

The cutting-edge, technologically advanced payments bank Banking Circle S.A. and Binance Pay, a leading cryptocurrency contactless payment technology, have reached an agreement enabling Banking Circle S.A. to handle EURI payments on the Binance Pay platform. Since, EURI is now integrated into Binance Pay, users may deal with this stablecoin with ease, increasing the usefulness of digital currencies in everyday financial transactions. On August 28, 2024, Binance became the first digital asset trading platform to support EURI, Banking Circle’s inaugral e-money token that complies with Markets in Crypto-Asset Regulation (MiCAR). Jonathan Lim, Global Head of Binance Pay, stated: “At Binance Pay,…

Bitcoin’s price broke above $61,700 on August 14, after climbing 7% in the last two days. On-chain data reveals increased whale demand from Grayscale’s investments trust coinciding the dovish US CPI data. Could BTC be on the verge of a $65,000 breakout? BTC Surges 7% in 48-Hours Bitcoin began August with a shaky start, but over the past week, the cryptocurrency has gained steady upward momentum. The most recent wave of Bitcoin’s rally can be linked to Grayscale, a major institutional investor, which announced new crypto asset offerings to its U.S.-based clientele. The uptrend started when Grayscale launched new cryptocurrency…

The Polkadot Treasury holds assets equivalent to 38 million DOT, worth approximately $245 million. Head Ambassador Tommi Enenkel, popularly known as Alice and Bob, shared a new report providing the latest update on the network’s treasury. This balance equates to about two years of the runway at its current spending rate. The report stated: “At the current rate of spending, the Treasury has about two years of runway left, although the volatile nature of crypto-denominated treasuries makes it hard to predict with confidence.” Polkadot’s first six months of spending During the first six months of this year, Polkadot invested heavily…

Former President Donald Trump announced his intent to position the U.S. as a global crypto hotspot if elected. On Aug. 29, Trump stated that he would lay out his plan to ensure America becomes the “crypto capital of the planet” as blockchain and digital assets increasingly feature in U.S. political campaigns. Trump’s X post also mentioned the World Liberty Financial initiative, spearheaded by his sons, Donald Trump Jr. and Eric Trump. Details about the project were scarce at press time, but rumors suggest it revolves around real-world assets and tokenization. The Trump sons also warned crypto proponents to beware of…

September 1 is locked in for the Chang hard fork, as Binance announces it will support the upcoming Cardano network upgrade. Leading crypto exchange Binance has announced it will support the Cardano’s upcoming hard fork. In a blog announcement today, the trading platform said it will play its part in ensuring that Cardano sees a smooth transition to the Conway era through the Chang upgrade. The long-anticipated Chang hard fork is set for September 1 by 21:45 UTC. An August 23 decision saw the network abandon an initial August 27 date due to a lack of preparedness from Binance and…

Bitcoin (BTC) is looking for validation above the $60,000 psychological level, renewing investors’ optimism amid positive CPI data. However, a trading expert warns BTC could still face resistance in the low time frame, potentially causing a short-term reversal. The analyst is CrypNuevo, on X, who has a good reputation with accurate trades and Bitcoin price predictions. According to him, BTC has a key wick in the one-hour time frame, inside of a resistance zone. If the analysis plays out as expected, the wick could serve as a magnet, attracting liquidity to the upside. In this case, CryptoNuevo expects to see…

Since the start of the year, the Solana blockchain has gained a lot of attention from the crypto community. Solana’s growth has been spectacular, as seen in its rising total locked value (TVL) and the launch of many new projects in the last three months. The ecosystem’s TVL currently stands at $4.5 billion, with a yearly high of $4.9 billion, reached in April. While many factors can be attributed to this growth, dynamic marketing strategies have been among the critical steps that drove many Solana projects to prosperity. How to effectively market Solana (SOL) ecosystem project When starting their marketing…

The Nigerian Securities and Exchange Commission (SEC) has issued its first licenses to local crypto exchanges to operate within the country, despite contentious relations between the government and industry at large. Per an SEC press release, both Busha Digital Limited and Quidax Technologies Limited have been granted “approval-in-principle” to operate under its Accelerated Regulatory Incubation Program (ARIP). The agency said the development is part of its “commitment to enabling innovation that would deepen the capital market while guaranteeing the protection of investors.” Press Release: Update on the SEC’s Accelerated Regulatory Incubation Program andRegulatory Incubation Program Find details in the link…

The year 2024 becomes the best year ever for the DEX in terms of the number of transactions: during 2024, the DEX Uniswap has already surpassed the overall transaction record, setting a new all-time high. In fact, taking into consideration the number of swaps carried out during the course of the year, in 2024 more than 300 million transactions have already been surpassed, while for example in 2023 they stopped at less than 180. Over 300M swaps on the Uniswap Protocol this yearAnd there’s still four months to go 🫣 pic.twitter.com/P3c1XvpS8b — Uniswap Labs 🦄 (@Uniswap) August 26, 2024 During…