Author: NBTC

In a landmark decision highlighting the unique aspects of blockchain technology, an S.D.N.Y. Bankruptcy Judge ruled in favor of Celsius’s motion for alternative service, whereby Celsius sought to provide legal service by airdopping non-fungible tokens (NFTs) to anonymous defendants’ digital asset wallets. The following opinion editorial was written by Alex Forehand and Michael Handelsman for Kelman.Law. Judge Approves Celsius’s NFT Airdrop for Legal Service In the wake of the cryptocurrency exchange’s insolvency, its bankruptcy estate filed suit seeking to void allegedly fraudulent transfers and recover additional funds for its creditors. Due to the pseudonymous nature of the technology, however, Celsius…

Cardano (ADA) increased 4.13% on Friday, November 1, amid discussions about the upcoming Chang Phase 2 hard fork. Crypto users are discussing the upgrade and its potential effect on the Cardano blockchain. ADA’s recent surge follows an upward price movement that began on October 25, after the crypto token bounced off support at $0.315. The cryptocurrency rallied over 15% to reach a $0.364 local high before pulling back. However, bullish momentum has returned to ADA as the Chang Phase 2 hard fork gains attention. In the meantime, Cardano’s development company, EMURGO, said the second phase of the Chang hard fork…

Ripple CEO Brad Garlinghouse has joined the list of critics of Robert Stebbins, former General Counsel for the Securities and Exchange Commission (SEC). In his social media post, Garlinghouse said that picking Stebbings as the next SEC boss would be “unconscionable” due to his involvement in the controversy revolving around the Director of Corporation Finance William Hinman’s 2018 speech that recognized Ethereum as a non-security. “In a group of strong candidates for SEC Chair, it’s unconscionable to consider someone directly involved in Bill Hinman’s unethical (likely illegal) push to pick winners and losers in crypto,” Garlinghouse said. Stebbins recently emerged…

Expanding to Ethereum will help GraFun capture newer audiences, tap into higher liquidity for meme issuances and increase the platform’s visibility among crypto traders. GraFun uniquely offers a “Fair Curve” model that developers say minimizes rug-pull risks. BNB Chain-based memecoin issuance platform GraFun is expanding to the Ethereum network on Wednesday, the project’s developers shared with CoinDesk. GraFun uniquely offers a “Fair Curve” model that developers say minimizes rug-pull risks, reduces price manipulation and ensures fairer token issuances that result in fewer users losing money. Memecoin behemoth Floki owns over 40% of GraFun, and other backers include DWF Labs. “In…

The price of Bitcoin (BTC) faced a rejection around the $69,000 level. Since then, it has dipped toward the $66,000 price range. While some may consider it a bearish move and create FUD on the market, many consider it a healthy price correction. There is still optimism on the market, with many expecting a new Bitcoin price all-time high (ATH). Prominent analyst Michaël van de Poppe is also bullish on Bitcoin. Earlier today, he gave a bold Bitcoin price prediction, injecting more positivity into the community. The analyst acknowledged that the BTC price has faced a dip. But he believes…

The repercussions of historically stringent cryptocurrency oversight are well-documented, but the ensuing sea change is perhaps not fully appreciated. With pro-crypto legislators likely to replace the current regulatory regime, we anticipate a more favorable environment for crypto applications. Decentralized finance (DeFi), in particular, is well-positioned to reap these benefits. From opening the door for traditional finance (TradFi) to partake in DeFi, to enabling fee switches and U.S. user access to protocols, it’s hard to overstate the impacts for DeFi and stablecoins that can come with regulatory clarity. With DeFi TVL up 31% and the stablecoin market cap up 4% since…

Fhenix, a Layer-2 (L2) network powered by Fully Homomorphic Encryption (FHE), has launched its upgraded Nitrogen testnet, as highlighted in recent reports shared with Finbold on Wednesday, November 20. The new upgrade comes with advanced decryption capabilities and other features designed to enhance decentralization, security, and the overall experience on the network. Guy Itzhaki, Fhenix Chief Executive Officer (CEO), described Nitrogen as an important milestone for the platform: “The Nitrogen testnet is a major step towards providing a permissionless, censorship-resistant platform for confidentiality with FHE. The introduction of the Threshold Network, along with new features such as Parallel Decryptions and…

Bitcoin (BTC) whales have started to increase their activity as optimism prevails on the broader crypto market. Earlier today, $222 million worth of BTC were shifted between unknown wallets, sparking speculations in the community about potential market activity. Whale Alert, a crypto monitoring service that tracks significant token transfers, revealed that 3,326 BTC, valued at approximately $222.3 million, were moved between two unidentified wallets. This has reignited discussions about potential price swings as whales — large holders of Bitcoin — make strategic moves. Whale transactions of this magnitude often signal an underlying shift in the overall sentiment or preparation for…

Aerodrome, the primary provider of on-chain trading for large-value contents, has now seen more than $80 million in swap fees. This was accompanied by a record epoch that realized $6.08 million in swap fees, the highest the platform has ever witnessed. All collected fees are directly given to the veAERO voters to have a fair value given to anyone participating in Aerodrome’s system. Aerodrome Hits $80M in Swap Fees ✈️In the previous epoch, Aerodrome hit an all-time high $6.08M in swap fees, all for veAERO voters.As the leading onchain venue for trading majors, we’re committed to onboarding the most sought-after…

Ripple has released a fresh quarterly report focusing on the XRP market, disclosing details of the company’s total XRP holdings. Notably, Ripple shares its quarterly XRP markets report to provide a transparent and informed perspective on key updates on the XRP Ledger (XRPL) and XRP-related developments. Among the key highlights in the latest report are specific records concerning how much XRP Ripple holds. How Much XRP Does Ripple Hold? Ripple discloses its XRP holdings at the start and end of each quarter. The company’s XRP reserves are divided into two categories: Available XRP: This refers to the XRP that Ripple…