Author: NBTC
Australia’s securities regulator has marked its first court victory, setting a precedent regarding a non-cash payment facility involving crypto. The Australian Securities & Investments Commission (ASIC) has set a legal precedent in the local crypto market after the Federal Court found that BPS Financial (BPS) engaged in unlicensed conduct when offering the Qoin Wallet, a non-cash payment product that used a token called Qoin. In a press release on May 3, ASIC said the court determined that BPS lacked the necessary financial services license “nor was authorised by a licence holder, to issue or provide financial advice about the Qoin…
Chainlink has announced an exclusive integration. It has reportedly integrated its Chainlink CCIP with Truflation across Ethereum, Base, and Arbitrum blockchain platforms to drive TRUF transactions across the chains. The leading Web3 services forum revealed this integration on its X account. It added that this would increase the interoperability across the aforementioned chains. .@truflation has integrated #Chainlink CCIP across @arbitrum, @base, and @ethereum to power cross-chain TRUF transfers.Why Chainlink BUILD member Truflation is deepening its integration with Chainlink ⬇️https://t.co/I63f7bNF9W pic.twitter.com/p3C1mQYmAR — Chainlink (@chainlink) May 6, 2024 Truflation Incorporates Chainlink CCIP for TRUF Transactions Across the Chains In a devoted blog…
As the cryptocurrency sector starts another day with the majority of its assets in the red, American economist and gold bug Peter Schiff has taken it as a sign that Bitcoin (BTC) is going down the drain, voicing a particularly dire warning for owners of spot BTC exchange-traded funds (ETFs). Specifically, Schiff has observed the current price action of the flagship decentralized finance (DeFi) asset, asserting “it’s not looking good” and telling ‘HODLers’ to better hope that Bitcoin can hold $60,000 or “it’s a long way down,” according to his X post on April 25. At the same time, he…
As the majority of assets in the cryptocurrency sector resume their rally that has intensified in recent weeks, the past months have been particularly kind to artificial intelligence (AI) tokens, including the deemed ‘Nvidia of crypto,’ which has advanced by more than 800% in the last year. Specifically, Render (RNDR), which has positioned itself as the ‘Nvidia of crypto’ due to its potential to become an essential AI infrastructure provider, has made an impressive upward move of 812% in the previous 12 months, racing from $1.90 to the current price of $11.28, as per the data on March 26. Render…
Rep. Maxine Waters, a ranking member in the US House Committee on Financial Services, has proposed the nomination of Ms. Kristin Johnson, a current Commissioner of the US Commodity Futures Trading Commission (CFTC), for the position of Assistant Secretary for Financial Institutions at the US Department of Treasury. In a May 2 letter addressed to President Joe Biden, Rep. Waters cited Johnson’s extensive expertise in financial regulation and her commitment to upholding the integrity of financial markets during her tenure as a CFTC Commissioner. According to Waters: “In her role as a CFTC Commissioner, Commissioner Johnson has prioritized maintaining the…
Ordinals founder, Casey, criticizes the current state of Bitcoin mining decentralization, highlighting the dominance of large pools like AntPool. Stratum V2 is introduced as a pivotal upgrade to the Bitcoin mining protocol, aiming to empower individual miners with greater transaction selection control. “It’s time for serious testing of Stratum V2,” urges Casey, advocating for a shift to enhance Bitcoin’s foundational promise of censorship resistance. In a revealing assessment, Ordinals founder Casey exposes the vulnerability in Bitcoin’s mining structure and pushes for immediate adoption of Stratum V2 to safeguard the cryptocurrency’s core value of decentralization. Examining the State of Bitcoin Mining…
COTI, the leading platform in the crypto industry, has just presented its largest token giveaway ever; this indicates a bright era for the platform with all its ardent supporters. The COTI V2 Airdrop Campaign is an extensive campaign holding 40 million $COTI V2 tokens valued at about $8 million to be distributed, which is a turning point for the platform. This charitable program aims not only to illustrate COTI’s generosity and develop its relationship with its users but also to allow COTI to explore new directions and grow as a platform. The campaign’s immediate launch on March 25, 2024, established…
An Australian Federal Court on Friday, ruled in favor of the Australian Securities and Investments Commission (ASIC) regarding an unlicensed crypto platform that misled customers. The court noted that a Gold Cost crypto promoter – BPS Financial – allegedly broke the law by promoting unlicensed crypto wallet. The firm misled customers while offering the ‘Qoin Wallet’, a non-cash payment facility which used a crypto-asset token called ‘Qoin.’ ASIC Chair Joe Longo cautioned the highly volatile and risky behavior of crypto assets, emphasizing the importance of authorized licenses. “It is critically important that providers have the appropriate licenses and authorizations, and…
Bitcoin’s inflation rate has reached a new milestone, recording an all-time low of approximately 1.74%, just days after the latest Bitcoin halving. With 93.3% of Bitcoin already mined, translating to 19.6 million out of the possible 21 million BTC, the scarcity factor is anticipated to drive demand further, potentially fueling a surge in the price of the leading cryptocurrency. Comparatively, fiat currencies experience higher inflation rates due to government controls and economic policies. In 2023, countries like Argentina faced extremely high inflation rates, reaching 161.0%, as per data from Inflation Data. The European Union reported more moderate levels, with the…
What’s Crypto Twitter buzzing about now? A game built around Crypto Twitter, believe it or not—one offering sizable rewards and incentives for players. Fantasy Top is captivating the crypto faithful by transforming the industry’s biggest and buzziest social media personalities into Ethereum NFT trading cards on scaling network Blast. Players can crush rivals by creating card lineups that have the best real-world Twitter engagement during each competition, and earn crypto and in-game prizes in return. Crypto’s biggest tweeters have excitedly embraced it, promoting their own in-game cards or sharing their lineups, as well as bragging about how much their NFTs…