Author: NBTC

The Stanford Blockchain Club, a prominent group at Stanford University, has voiced significant worries about the U.S. government’s legal pursuit of Tornado Cash developers, Roman Storm and Roman Semenov, using old-school federal money transmission laws. Legal Overreach? Stanford Group Critiques Tornado Cash Indictments In their in-depth analysis, “Tornado Cash and the Boundaries of Money Transmission,” the Stanford Blockchain Club took a hard look at how the Department of Justice (DOJ) wielded 18 U.S.C. § 1960 to charge Storm and Semenov back in 2023. The DOJ claims that Tornado Cash, a privacy-focused protocol running on the Ethereum blockchain, is essentially an…

RWA Inc., a leading player in decentralized RWA tokenization, has announced a thrilling collaboration with Fox Wallet. The partnership aims to enhance Web3 adoption with unparalleled access as well as secure asset management across a broad range of blockchain ecosystems. The platform disclosed this partnership in a recent X post. We’re excited to announce our partnership with @FoxWallet, a secure and versatile multi-chain Web3 wallet dedicated to becoming a central gateway and connector in the decentralized world.FoxWallet is a leading multi-chain Web3 wallet that prioritizes security by encrypting… pic.twitter.com/fvsCBhsBCM — RWA Inc. (@RWA_Inc_) December 17, 2024 RWA Inc. Collaborates with…

Justin Sun, the founder of Tron, looks back on his early days in cryptocurrency, sharing how he bought Bitcoin for less than $1 and helped create smart contracts, also shaping the future of blockchain technology. In a conversation about Justin Sun’s journey through the cryptocurrency world, the founder of Tron reflected on his early days in the industry. He reveals how he bought Bitcoin when it was worth less than $1 and helped pioneer the concept of smart contracts. Justin Sun’s early crypto investments Sun’s journey into crypto began in 2012 when Bitcoin was still in its infancy and could…

SatLayer, a Bitcoin restaking platform, announced Wednesday it’s extending Bitcoin’s use in decentralized finance to Sui, the speedy layer-1 blockchain launched last year. With Sui’s focus on fast transaction speeds, SatLayer’s integration will enable developers to leverage Bitcoin’s $2.1 trillion footprint in building DeFi applications, which aim to exclude third parties from transactions in areas like trading and lending, SatLayer said in a statement. Sui’s network is already home to a budding DeFi ecosystem. In 2024, 150 full-time developers worked on Sui, according to a recent report from venture firm Electric Capital. Looking to provide greater flexibility, Sui Foundation’s Global…

Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, is showing signs of a potential price decline after recent bearish price action. In addition to the price action, whales and industry experts seem to be losing interest in the altcoin, as revealed by the on-chain analytics firms IntoTheBlock and CryptoQuant. Will ETH Price Decline? Recently, ETH experienced a price surge of over 15% and hit the $4,100 mark for the first time since March 2024, where it faced selling pressure and a notable price decline. Historically, ETH has reached this level five times, and each time, it has encountered a…

In just a matter of weeks, Donald Trump is about to be inaugurated as the 47th President of the United States of America. At first glance, after his victory in the November elections, everything appears to be in order in the cryptocurrency industry, but is it? The 2024 US presidential election is widely regarded as a pivotal moment for the crypto industry. Economists believe part of the reason Trump won his ticket back to the Oval Office is because of his “loud” pro-crypto-stance. Well, in all honesty, he had the support of over 290 pro-crypto lawmakers in Congress; it was…

Cango Inc., a Shanghai-based automotive transaction service platform, announced that it had completed the $256M cash-settled acquisition of on-rack crypto mining machines with 32 EH/s of hashrate from Bitmain. The company had previously announced this acquisition on November 6, together with the proposed $144M share-settled acquisition of additional on-rack mining machines with 18 EH/s of hashrate from Golden TechGen. Cango specifically bought the on-rack miners from Bitmain Technologies Georgia Limited and Bitmain Development Limited (together ‘Bitmain’), indicating that Bitmain could continue serving as Cango’s colocation provider. The cash-settled transaction was concluded after the relevant closing conditions were satisfied. Closing of…

Bitcoin is currently trading above the historic and crucial $100k level and is up by more than one percent in the last 24 hours. According to analyst Josh of Crypto World, Bitcoin is forming a new pattern in the short term that we should keep an eye on. Here’s a breakdown of his analysis: Bitcoin’s Bullish Market Overview The analyst said that Bitcoin is clearly still in a bull market. The weekly RSI is signaling a strong bullish trend, which has led to major bull runs in the past. The MACD is also showing bullish signs, similar to last year…

A strategic partnership between Usual, Ethena, and Securitize, the tokenization platformfor the BlackRock USD Institutional Digital Liquidity Fund(BUIDL), is reshaping DeFi by combining liquidity, yield, and composability. What’s Changing for Users? USDtb Collateral Integration: In the coming weeks, the combination of USDtb and BUIDL can be accepted as collateral for USD0, bridging TradFi-grade stability with DeFi innovation. It will provide Usual diversification of collateral and increase USD0 decentralization. Maximized Yield Opportunities: USD0++ holders can access a 1:1 incentivized vault in USUAL and sats for sUSDe, unlocking higher yields through delta-neutral strategies and fully subsidized rewards. These vaults will be isolated…

Ethereum price started a decent increase above the $3,950 zone. ETH is consolidating gains and might aim for a move above the $4,150 resistance zone. Ethereum started a decent increase above $3,950 and $4,000. The price is trading below $3,980 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,940 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $4,080 and $4,120 resistance levels. Ethereum Price Regains Momentum Ethereum price remained stable and extended gains above $3,880 but it underperformed…