Author: NBTC

Over $731 million was invested in crypto startups in March, as venture capital (VC) money started flowing back to crypto startups driven by positive news and the recent price leaps. Brian D. Evans, CEO and founder of VC fund BDE Ventures, believes that the ‘manias’ of bull runs cause some VCs to “throw money around without doing much due diligence.” Evans explains that this same movement happened in the last bull run, which occurred between 2020 and 2021, and the one before it. However, during bear markets, the VC’s playbook is the polar opposite. “VCs, that is, don’t feel much…

Rep. French Hill recently cited Ripple’s court verdict against the SEC to emphasize the need for the commission’s reform. The United States Securities and Exchange Commission (SEC) has been under scrutiny in recent times, especially regarding its regulatory policies in the crypto space. Hill Cites Ripple Ruling In a recent development, Rep. French Hill (R-Ark), chair of the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion, slammed the commission during a hearing. The hearing titled “SEC Overreach: Examining the Need for Reform” was held yesterday on Capitol Hill. Notably, the lawmakers at the hearing deliberated on whether…

The Solana Foundation has announced several recommendations that developers should follow to cope with the high usage that the network is currently experiencing. The foundation recommended implementing priority fees, and a series of optimizations to avoid dropping transactions. Also, an improved transaction scheduler is expected to be included in the next update. Solana Foundation Makes Recommendations for Optimized Block Usage The Solana Foundation, a nonprofit dedicated to increasing the adoption of the Solana ecosystem, has made some recommendations to maintain the “high performance” of the Solana network, which has faced high usage during these last weeks. While Solana has not…

Bitcoin was earlier poised to hit a milestone of $69,000 by the end of 2024. However, trends have reversed pretty quickly, putting BTC in a position where it is speculated to hit ATH by the end of March 2024. For reference, the token is currently listed at $63,550.06, an increase of 2.69% in the last 24 hours. Timothy Peterson, a notable BTC supporter, published a post highlighting that the token has surged by 20% in a week 121 times since 2015. He then added that the ongoing pace makes it the best contestant to touch ATH in the next 30…

The price of Bitcoin has recently rallied to add more than $100 billion to its market capitalization after the Federal Reserve decided to maintain interest rates, and Fed Chair Jerome Powell suggested up to three rate cuts could be seen this year. However, even before the Fed’s announcement triggered a BTC price surge, BlackRock, the world’s largest asset manager, quietly revealed the next step in its crypto strategy – a move analysts at Citi predict could create a “$5 trillion market by 2030,” according to Forbes. The world’s asset manager launched a spot Bitcoin exchange-traded fund (ETF) earlier this year…

An ex-takeaway worker living in the UK has been found guilty of laundering funds for a Chinese fraudster and managing over £2 billion ($2.5 billion) in bitcoin that has now been seized by police. The Crown Prosecution Service (CPS) announced Jian Wen’s conviction at Southwark Court on Wednesday. It noted that the 42-year-old was guilty of one of three money laundering charges. Wen had reportedly lived a ‘modest lifestyle’ in Leeds before meeting Yadi Zhang, real name Zhimin Qian. Zhang is a Chinese national and a wanted fugitive accused of making $6 billion in bitcoin through scamming nationals in China.…

On March 4, 2024, Bitcoin (BTC) climbed above $65,300, less than $4,000 away from its all-time-high. When writing, BTC fell below this value, currently trading at $65,1050 and having only 6% left until reaching the all-time high (ATH), according to CoinMarketCap. Trading volumes continue to hit new levels, with an 80% increase to $40 billion. The fear and greed index reached 82 points, according to Coinstats. Over the past 24 hours, the indicator has decreased by one unit. “Extreme greed” is indicated on a scale with a value from 76 to 100. Such index indicators may indicate that FOMO sentiment…

A U.S. district court issued a severe reprimand to the Securities and Exchange Commission (SEC) for what was described as a “flagrant misuse of authority” during litigation against the cryptocurrency sector. The SEC faced judicial censure after a failed attempt to regulate the cryptocurrency industry more stringently. This misstep involved the SEC being labeled as “malicious behavior” by Judge Robert J. Shelby. He highlighted that the SEC deceitfully influenced the court to impose a temporary injunction against Debt Box, stemming from a legal action initiated in July. Source: X (Formerly Twitter) Judge Shelby’s decision detailed that the SEC’s actions egregiously…

MXS Games, a PC and mobile-based gaming studio, is reportedly launching a gaming forum on Avalanche. Avalanche took to X to disclose that the purpose of the new gaming forum would be the provision of player-centric and fairer games with the use of blockchain technology. The respective project will minimize the requirement for the utilization of complicated Web3 instruments. .@metaxseed is gearing up for mainnet launch on Avalanche and is aiming for a fairer, player-centric gaming platform.MXS Games rapidly went from testing its Subnet to gearing up for launch–all thanks to @AvaCloud. https://t.co/k0o2Levoq4 — Avalanche 🔺 (@avax) March 19, 2024…

Notable pro-crypto pressure groups in Kenya and the United States have demanded the release of Binance executives held by the Nigerian government since Feb. 26. Last month, two Binance executives—Tigran Gambaryan and Nadeem Anjarwalla—traveled to Nigeria to address the ongoing issues surrounding the exchange’s operations in the African country. However, instead of engaging in constructive dialogues, the Nigerian government detained them without access to their passports. ‘State-sponsored kidnapping’ This week, Kenya’s Blockchain Association met with the Nigerian High Commission and expressed displeasure about the continued detention of Anjarwalla, a dual citizen of Kenya and Britain and the regional manager of…