Author: NBTC

A federal court judge ruled on Monday that Lido DAO, the governing body behind the popular liquid staking protocol, can be treated as a general partnership under state law. The court rejected Lido’s claim that it isn’t a legal entity, classifying it as a general partnership and setting a precedent for how profit-driven DAOs are treated. It was also ruled that identifiable participants were managing the DAO’s operations and, therefore, could not evade liability through its decentralized structure, according to court documents filed in the U.S. Northern District Court of California. “[The lawsuit] presents several new and important questions about…

The launch marks a new vision for the ecosystem with new features, advanced interoperability, a marketplace and a later move to the Arbitrum Orbit stack. Web 3 infrastructure development community Dojima Foundation unveiled the Omnichain Web, aiming at powering the next phase of mainstream blockchain adoption. Omnichain Web is an infrastructure designed to accelerate mainstream Web 3 adoption through seamless chain integration and enhanced interoperability of decentralized applications (DApps). Announced this week, the Omnichain Web features a proof of network consensus mechanism and a Layer 1 aggregator which eliminates the need for bridges. In addition, the infrastructure will also feature…

Michael Saylor, a co-founder and currently the executive chairman of MicroStrategy business software giant, has shared a regular Bitcoin-themed tweet with the cryptocurrency community. This happened as the world’s flagship digital currency printed a 2.8% recovery after the 3.13% declined faced earlier this week. Saylor’s tweet says “You are going to want something faster. #Bitcoin”, featuring the man himself wearing a black suit with an orange (color of Bitcoin) tie, standing against an orange (again, Bitcoin color) sports car bearing a Bitcoin logo instead of a car maker’s logotype. The market ticker of MiicroStrategy stocks – MSTR – is also…

During the past few weeks, Cardano has remained in the spotlight amid strong network activity. Current data from DeFiLlama shows that Cardano’s Decentralized Finance (DeFi) Total Value Locked (TVL) has unusually topped $210 million. Cardano notably grew its Total Value Locked gradually over the last few days. Much of this momentum is due to the growing adoption of its hosted decentralized applications. Cardano Lace Wallet Upgrade: What Changed? Additionally, the spike in Cardano’s TVL stems from the continuous improvements and updates regularly introduced on the protocol. – Advertisement – Regarding updates, Cardano’s light wallet platform, Lace, recently got a facelift.…

Crypto stakeholders, including Ripple CEO, raise concerns about Bob Stebbins’ candidacy for the SEC Chairmanship position, citing his past unfavorable regulatory actions. Investors have been optimistic about the future of the global crypto industry under Donald Trump’s administration. Consequently, many have closely followed the nominations of individuals into top roles, like the SEC and Treasury. So far, Trump’s transition team has appointed several pro-crypto candidates, including Elon Musk for Head of Department of Government Efficiency (D.O.G.E) and Robert F. Kennedy Jr. as Secretary for Secretary of Health. However, Trump has not announced who will replace Gary Gensler as the chairperson…

In an exciting move for blockchain developers, Ankr, a well-known provider of blockchain infrastructure, has announced a partnership with Story. Story is one of the most anticipated blockchain projects of 2024, boasting a $2.25 billion valuation. Further, it has a rapidly growing user base, with over 100 ecosystem partners actively building on their final testnet, Odyssey. Ankr’s collaboration with Story aims to streamline the creation of decentralized applications (dApps) on Story’s Layer-1 blockchain. Developers worldwide will soon be able to leverage Ankr’s high-performance RPC connections to Story’s testnet and upcoming mainnet. From blueprints to video game characters, developers will be…

Popular blockchain sleuth Whale Alert, which tracks down large cryptocurrency transactions and old wallets reemerging on the blockchain, has published the details of an ancient wallet that was last used almost 14 years ago – when mysterious Bitcoin creator Satoshi Nakamoto was still an active participant of the BitcoinTalk forum. The Bitcoin contents of the awakened wallet are now worth millions if U.S. dollars after a parabolic increase over all these past years. 394,933% profit gained by ancient Bitcoin whale The wallet contained 150 Bitcoins that had been dormant for 13.3 years, according to Whale Alert. While back in 2011,…

Ripple recently released its Q3 2024 XRP Markets Report, discussing the performance of XRP and metrics affecting its price, volatility, and trading volumes. The report, based on data from top sources like Bloomberg, CCData, and Refinitiv Eikon, reveals a detailed look at the XRP market amid a quarter of major price movements and a rise in Bitcoin dominance. XRP Trading Volume and Market Activity According to Ripple, XRP’s average daily volume (ADV) on top exchanges ranged between $600 million and $700 million, confirming a growth in market interest despite prevalent price struggles. The ADV chart confirms that XRP’s trading volume…

Shaquille O’Neal, the legendary basketball player, faces a significant legal setback with the proposed $11 million settlement over NFT securities claims. This lawsuit highlights the evolving regulatory landscape surrounding NFTs, raising pressing questions about their classification as securities. As noted by a legal expert, “The implications of this case could set a critical precedent for how NFTs are viewed under U.S. securities law.” This article analyzes Shaquille O’Neal’s settlement in the NFT securities lawsuit and the broader implications for the crypto industry. Understanding the Legal Context of NFTs The recent developments surrounding Shaquille O’Neal and his NFT venture, Astrals, have…

P2P trading has been a part of the crypto industry since its inception with Bitcoin, but when it comes to other commodities such as energy, the concept of peer-to-peer trading is relatively new. Powerledger is DePIN project that makes software for utilities to help them innovate and make new products for their customers. By unlocking the potential for peer-to-peer trading of energy, Powerledger aims to create a more sustainable and efficient energy system. —In this interview, Dr Jemma Green shares her insights on the challenges and opportunities in the energy industry, as well as how Powerledger is revolutionizing the way…