Author: NBTC
The potential classification could create a contradiction with the SEC’s prior regulatory approval of Ethereum Futures ETFs. A recent Fortune report raised eyebrows by suggesting the US Securities and Exchange Commission (SEC) is legally pushing to classify Ethereum as a security. Despite no official confirmation from the SEC, the news is big enough to ignite controversy among financial experts and crypto members. According to Fox News journalist Eleanor Terrett, such a classification would directly challenge the Commodity Futures Trading Commission’s (CFTC) stance on Ethereum as a commodity. Bringing this back as we talk about the @SECGov’s potential plans for the…
Binance, the world’s largest digital asset trading platform by market volume, seeks to tighten controls to prevent United States investors from accessing its platform. Sources familiar with the matter told Bloomberg that Binance has instructed prime brokers, including FalconX and Hidden Road, to implement more rigorous checks on their clients. Notably, the exchange has stopped services in multiple nations recently due to regulatory policies and increased scrutiny. Following the guilty pleas in November, Binance has been adamant about bolstering its compliance measures, demanding additional information from institutional traders. These checks involve inquiries about office locations, employee whereabouts, and founder residency,…
Artemis announced the integration of Injective, which seeks to give institutional-grade analytics to its users. This enables users to enhance their access to extensive data analytics, thereby facilitating the process of making well-informed decisions. The objective is to foster transparency and enhance the cryptocurrency ecosystem as Artemis pioneers a novel approach to strategic advancements and more astute investments within the sector. Proposing chain-level metrics for every injective will grant dApps and injective users perpetual access to comprehensive dashboards. Artemis, being a data analytics platform, provides protocols and users with analytics that are fit for an institution. Investors intend to delve…
Dover — ChainGPT, an AI-powered Web3 infrastructure provider, joins forces with Polygon Labs, a leading Ethereum scaling solutions pioneer, to streamline AI-powered NFT generation and on-chain minting. The collaboration integrates ChainGPT’s AI NFT Generator with the Polygon blockchain, allowing creators to simplify the NFT development process within Polygon’s efficient framework.—As Bitcoin surges and NFTs make a comeback, there’s a growing need for user-friendly tools to assist developers and Web3 users in generating unique NFT art.The rising popularity of digital art, coupled with advancements in generative AI, presents exciting opportunities to showcase creative NFT collections. However, the current Web3 ecosystem lacks…
Binance Futures has announced plans to delist and update the USDⓈ-M FOOTBALLUSDT and BLUEBIRDUSDT perpetual contracts, in a move aimed at adjusting leverage and margin tiers. Binance Futures Announces Delistings and Updates for USDⓈ-M FOOTBALLUSDT and BLUEBIRDUSDT Perpetual Contracts The changes will come into force at 12:00 on March 26, 2024 and will result in the closure of all positions and automatic settlements. With delisting approaching, users are strongly advised to adjust their positions and leverage in advance to reduce the risk of liquidation. It is recommended to close open positions before the anticipated delisting time to avoid automatic settlements.…
On March 19, 2024, the team of Particle Network is going to kick off the process of the most profound transition in its entire history. The new design of the protocol will advance its interoperability, usability and fuel previously unseen use cases across various types of blockchains. Particle Network becomes modular L1 for novel use cases: Details Particle Network, a leading provider of account and wallet abstraction solutions, has announced its transition to the status of modular layer-1 blockchain powering chain abstraction and universal accounts. This transition will be facilitated by Particle Network’s proprietary innovative mechanism that employs a master…
The Ethereum (ETH) price is consolidating either side of the $3,300 level, down roughly 6.5% on the day as investors take profit following the crypto’s recent run higher, and amid chatter that Ether ETFs are unlikely to gain approval in May. “We now believe these will ultimately be denied May 23rd,” Bloomberg’s ETF analyst James Seyffart said in a tweet. “The SEC hasn’t engaged with issuers on Ethereum specifics,” he explained. My cautiously optimistic attitude for ETH ETFs has changed from recent months. We now believe these will ultimately be denied May 23rd for this round. The SEC hasn’t engaged…
KuCoin, a top centralized cryptocurrency exchange, has announced listing Polyhedra (ZK) on its trading platform. The crypto exchange declared its support for the Ethereum-based blockchain product in a blog post, accompanied by another post via its X handle. According to KuCoin’s announcement, ZK will be available on its spot trading platform with deposits effective immediately. KuCoin users can trade the ZK/USDT pair from 10:00 am (UTC) on March 19, while withdrawals will be open 24 hours later, by 10:00 am (UTC) on March 20, 2024. 💥World Premiere💥📢 New Listing@PolyhedraZK $ZK Gets Listed on #KuCoin! 💎Pair: ZK/USDT💎Deposit: now open (network: ERC20)💎Trading:…
VeChain, a prominent L1 public blockchain platform, has unveiled the winners of its recent hackathon held at the University of Cambridge.— The event, organized in collaboration with Web3 educational app EasyA and supported by Boston Consulting Group (BCG), aimed to foster the development of VeChain’s VeBetterDAO ecosystem. Over 50 projects were presented during the hackathon, showcasing innovative applications leveraging blockchain technology.All winners were awarded a portion of the $30,000 prize fund and the opportunity to access additional funding. Projects were evaluated by a panel of industry experts, including Dr. Bernhard Kronfellner from BCG, based on their ability to address sustainability…
Singapore — HTX Ventures, the investment powerhouse behind the HTX exchange, has joined forces with BounceBit to inject fresh vigor into Bitcoin’s restaking sector. —BounceBit is on a mission to construct a robust infrastructure for BTC restaking, underpinned by the secure custody services of Mainnet Digital and Ceffu. With a recent injection of $6 million in funding, they are poised to challenge the status quo and redefine our understanding of restaking.Edward Chen, a key figure at HTX Ventures, expresses confidence in BounceBit’s approach, believing it could address lingering trust issues within Bitcoin sidechains. Jack Lu, BounceBit’s CEO, echoes this sentiment,…