Author: NBTC
The Securities and Exchange Commission (SEC) may soon assert that Ethereum is a security in its expected rejections of several spot Ethereum ETF applications, a lawyer who specializes in digital assets warned Tuesday. The regulator is due to decide on VanEck’s application for such a product on May 23, followed by a final decision deadline for ARK Invest/21Shares’ application the next day. BlackRock, Fidelity, and Grayscale also have applications on the SEC’s desk. In March, the SEC put forth potential “grounds for [the] disapproval” of BlackRock’s application and Nasdaq’s proposal to list BlackRock’s product. One question the SEC posed in…
GameStop stocks GME triggered a circuit breaker today after a 54% rise, according to multiple reports. The volatility is tied to the return of RoaringKitty on X this Monday, after a nearly three-year hiatus from public apparitions, as reported by Crypto Briefing. $GME Paused due to volatility x4 (+90%) — *Walter Bloomberg (@DeItaone) May 13, 2024 Keith Gill, RoaringKitty’s real name, is largely credited for spiking the GameStop stock surge in late 2020. Gill worked as a financial analyst, became convinced that GameStop stock was undervalued, and shared this belief on X and YouTube using the handle RoaringKitty. Meanwhile, meme…
The Stellar network is on the verge of a game-changing upgrade that might redefine its ecosystem: the Protocol 21 upgrade. The upgrade comes after the successful mainnet launch of Soroban, Stellar’s smart contract platform, following a successful validator vote on Feb. 20, 2024. Now, almost three months later, Stellar network readies for another protocol vote. On June 18, 2024, Stellar public network validators will vote on whether to upgrade the network to Protocol 21 which, if approved, will enable five new Core Advancement Proposals (CAPs) on Stellar’s Mainnet. On June 18, 2024, Stellar public network validators will vote on the…
Tornado Cash developer Alexey Pertsev has been found guilty of money laundering by a Dutch judge ruled at s-Hertogenbosch court on Tuesday. An indictment shared ahead of the trial said that between July 9, 2019 and Aug. 10, 2022, Pertsev made “a habit of committing money laundering” and that he should have at least suspected the criminal origins of illicit transactions on the Tornado Cash platform. The developer was first jailed in the Netherlands in August 2022 after Tornado Cash was blacklisted by the U.S government. At the time, the U.S. Treasury had alleged that Tornado Cash was a key…
Despite this being the most anticipated Bitcoin halving yet (at least according to Google search history), it was the launch of the high-profile Bitcoin builder Casey Rodamor’s latest creation – Runes – that turned heads, even among long-time blockchain developers who despise the digital tokens that can be minted on the platform. Rodamor is known for the release of Ordinals, a protocol that allows people to “inscribe” data on the smallest units of bitcoin (i.e. satoshis) to create highly valued assets on Bitcoin. Ordinals is largely credited for inspiring a renewed developer ecosystem on Bitcoin. Runes is similar to Ordinals,…
Ethereum price is eyeing an upside break above the $2,900 level. ETH must settle above $2,900 and $2,940 to continue higher in the near term. Ethereum is forming a base above the $2,860 support zone. The price is trading below $2,950 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,905 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a close above the $2,940 and $2,950 resistance levels. Ethereum Price Eyes Fresh Increase Ethereum price struggled to settle above the…
Meme coins and tokens surged early Monday after an internet figure who inspired the 2021 GameStop rally posted for the first time in years. Keith Gill, aka Roaring Kitty or DeepFuckingValue, who helped fuel the 2021 rally via Reddit posts and livestreams, posted to Twitter (aka X) an image of a man leaning forward in a chair while holding a video game controller. It was his first tweet in nearly three years. The post hints that meme stocks and cryptocurrencies may be due for a rally again—or at least that’s how traders are taking it. The price of GameStop (GME)…
HTX, the industry’s top asset exchange, has partnered with Astar Network on the recently established TGE Catalyst Grant. Astar Network is a blockchain that aims to become Polkadot’s smart contract hub. According to industry sources, the Astar Network will serve as an efficient parachain for Polkadot. It marks a critical milestone in the ambitious path to promote innovation within the blockchain system. The Astar zkEVM platform is critical to driving technological innovation inside the blockchain ecosystem. The TGE Catalyst Grant will act as a catalyst for change in projects preparing for TGE (Token Generation Events) on Astar’s zkEVM. This program…
In the ongoing legal saga between Ripple and the SEC, the crypto company’s chief legal officer, Stuart Alderoty, drew a striking parallel between the regulator’s handling of the case and Franz Kafka’s renowned novel, “The Trial.” The defendant in Kafka’s “The Trial” was treated more fairly than Ripple was by the SEC during the investigation and Wells Notice process. — Stuart Alderoty (@s_alderoty) May 14, 2024 Alderoty’s comparison underscores Ripple’s contention that it has been unfairly treated by the regulatory body throughout the investigation and Wells Notice process. Some argue that this case is emblematic of a broader trend, with…
Upon reaching block height 840,000, when the mining pool Viabtc collected 37.626 bitcoin in fees worth $2.39 million, the expense for onchain transfers climbed, surpassing $240 per transaction. Block 840,003 recorded 16.06 bitcoins in fee payments, and block 840,004 accumulated 24 bitcoins in fees valued at over $1.5 million. Bitcoin Transaction Fees Skyrocket Above $240 Following Halving Bitcoin fees soared to more than 2,750 satoshis per virtual byte (sat/vB) or over $240 per transfer on Friday, April 19, 2024, in the aftermath of the halving. Currently, fees have decreased to 1,700 sat/vB or more than $150 per transfer on the…