Author: NBTC

In the latest development in the Binance SEC lawsuit, the U.S. District Court for the District of Columbia has issued a major order. The latest order concerns the claims related to exchange’s tokens BNB and BUSD. This order follows the SEC’s allegations of securities law violations, including unregistered sales of BNB and improper handling of customer funds through BUSD. Latest Court Order in Binance SEC Lawsuit In the Binance SEC lawsuit, the court has clarified that it will allow the SEC’s claims regarding the initial coin offering (ICO) of the crypto exchange’s native token, BNB, and the ongoing sales of…

Barcelona, Spain – BVNK, a payments infrastructure provider, has teamed up with Circle to expand the use of USDC for global business payments. This partnership will enable BVNK’s customers to take full advantage of USDC’s speed and reliability for multiple payment scenarios, including global payroll, contractor payouts, and large-scale customer payments.—USDC, a fully reserved dollar-backed stablecoin, offers fast, secure, and transparent payment options, making it an attractive solution for businesses needing cross-border efficiency. With USDC’s compliance under the EU’s Markets in Crypto-Assets Regulation (MiCA), BVNK’s European clients can easily adopt this digital currency for international transactions, reducing costs and improving…

Bitcoin, ether (ETH) advanced 2%-3% over the past 24 hours on strong day for cryptos. BTC bottomed last week and should rise further based on daily cycles theory, according to chartist Bob Loukas. The Federal Reserve is expected to lower interest rates next week, but market participants are divided on the size of the cut. Cryptocurrencies rallied on Friday with bitcoin (BTC) nearing the $60,000 level, buoyed by strong gains across the board on traditional markets. Bitcoin tumbled some 1% to $57,600 earlier during the day after software company MicroStrategy announced the purchase of 18,300 BTC for $1.1 billion. The…

io.net, a decentralized GPU cloud network, has entered into a strategic partnership with Phala Network to advance secure computation and decentralized AI. The collaboration will leverage io.net’s cloud platform, IO Cloud, to provide Phala Network with access to high-performance GPU hardware, enhancing its ability to support TEE (Trusted Execution Environment) CPU nodes. This partnership is a significant step toward enabling more advanced and secure AI computations within decentralized ecosystems. Expanding Phala’s decentralized AI capabilities with GPU access Phala Network, which relies on Nvidia H100 and H200 GPUs to power its TEE infrastructure, will benefit from io.net’s GPU cloud service to…

Last week, you probably saw that the cryptocurrency exchange Crypto.com sued the SEC. Maybe you moved on with your day, or read on to see that the company is “seek[ing] declaratory and injunctive relief to prevent the Securities and Exchange Commission (‘SEC’) from unlawfully expanding its jurisdiction to cover secondary-market sales of certain network tokens.” If you’re like me, you probably didn’t process this as big news. After all, cryptocurrency projects are suing or being sued by the SEC all the time, and none of these have moved the needle. Crypto.com CEO Kris Marszalek said it filed the complaint to…

MoonPay has taken another step in enhancing its platform with the introduction of Venmo as a payment option for U.S. users. Eligible customers can now use their Venmo balance, linked bank accounts, credit, or debit cards to fund their MoonPay accounts.—This new integration allows over 60 million active Venmo users to seamlessly buy and sell cryptocurrency on MoonPay, adding convenience and security to the process.This Venmo update follows MoonPay’s recent collaboration with PayPal, which already allows U.S. users to fund their crypto transactions directly through their PayPal accounts. This makes it easier for existing PayPal and Venmo users to enter…

Bitcoin miners and artificial intelligence (AI) cloud providers, along with high-performance computing (HPC) operators, share an unexpected bond in their quest for computing muscle. As the cryptocurrency scene shifts, some bitcoin mining setups are finding fresh purpose in the fast-growing fields of generative AI and large language models (LLMs). A Closer Look at the Unseen Synergy Between Bitcoin Mining Farms and AI Hosting Centers Bitcoin mining—where transactions are verified and added to the blockchain—leans heavily on application-specific integrated circuits (ASICs). These chips are tailor-made to crunch complex math problems, helping miners snag bitcoin rewards. Humming away in large, power-hungry warehouses,…

OpenAI, the leading company in artificial intelligence (AI) development, just launched its most advanced model, the o1, on September 12. Looking to test the AI’s capabilities and gather insights on the cryptocurrency market, Finbold asked o1 for a Bitcoin (BTC) price prediction for the end of 2024. In a bullish forecast, OpenAI’s o1 believes Bitcoin could “experience significant upward momentum,” pushing prices above its all-time high (ATH). The conservative BTC price prediction goes within the range of $80,000 to $100,000 by the end of 2024. However, the AI has a bearish case for Bitcoin, potentially holding it between $60,000 and…

APENFT has reportedly carried out a landmark development concerning the AI and NFT communities by collaborating with NextMate AI. As per APENFT, the partnership focuses on combining the cutting-edge AI capabilities of NextMate with the vibrant presence of APENFT in the NFT sector, especially within the TRON ecosystem. The platform took to social media to provide the details of this endeavor. 🥳 Exciting News! #APENFT is now team up with @nextmate_ai, combining their advanced #AI technology with the vibrant world of #NFTs. This partnership brings new creative opportunities, where AI-powered #meme characters and meme-focused prediction markets will energize the #TRON……

In an ongoing effort to empower developers building on Avalanche, Retro9000, an up to $40 million retroactive grant program was announced today as part of Avalanche9000, the largest upgrade to the Avalanche ecosystem. Funded by The Avalanche Foundation, with the goal of rewarding developers for testing and launching foundational ecosystem building blocks on Avalanche, Retro9000 empowers developers to do what they do best–innovate and build. While the current blockchain landscape offers countless opportunities, it comes with technical roadblocks, creating economic and logistical limitations that make building and deploying projects challenging. “Avalanche9000 is the culmination of years of development work to…