Author: NBTC

The U.S. Securities and Exchange Commission (SEC) has trained its sights on “AI washing:” when companies lie about using artificial intelligence. Last week, SEC Chair Gary Gensler posted a video to X warning that investment advisors might falsely claim to use AI models to get their clients a better return, and that public companies might falsely tout their AI technology to boost stock prices. Daren Firestone is a lawyer who helps whistleblowers earn rewards for exposing fraud. He is a partner at Levy Firestone Muse and created cryptowhistleblower.com. “Well, here at the SEC,” Gensler warned, “we want to make sure…

Binance, the world’s largest cryptocurrency exchange, has expanded access to its Portfolio Margin previously reserved for VIP users and now available to non-VIP traders with a minimum balance of 100,000 USDT in their cross margin and futures wallets, according to the information shared with Finbold on April 3. This move is set to bolster capital efficiency and give new opportunities to users with complex trading strategies who may not qualify for VIP status. In addition to the expansion, Binance has also introduced a new Portfolio Margin wallet, which streamlines management by consolidating USDⓈ-M Futures, COIN-M Futures, and Cross Margin wallets…

Bitcoin mining giants, including RIOT Platforms and Marathon Digital, experience a production decline in 2024, while CleanSpark stands out with growth. As Bitcoin‘s fourth halving approaches, Bitcoin mining giants are grappling with a decline in production as the market faces intensified competition and lowering fees. Recent findings from CryptoQuant’s research report reveal that the largest crypto mining firms like RIOT Platforms, Core Scientific, Bitfarms, and Marathon Digital have all witnessed a slump in BTC production in 2024. This decline is attributed to a confluence of factors, including reduced transaction fees on the Bitcoin network, heightened network hashrate, and some operational…

Reboot, the groundbreaking gaming protocol driving Pixel Vault’s flagship game, BattlePlan, has announced a strategic partnership with The Xai Foundation, a core contributor to the gaming-centric blockchain network. This partnership signals a significant advancement in the landscape of on-chain gaming, with BattlePlan set to leverage Xai’s cutting-edge technology to elevate the gaming experience for its rapidly expanding user base.—Expected to launch on Xai in Q2 2024, BattlePlan’s integration represents a pivotal moment for both the game and the broader on-chain gaming ecosystem. By harnessing the capabilities of the Xai network, BattlePlan aims to revolutionize gameplay, opening up new avenues for…

Veteran investor Luke Gromen says he sees Bitcoin (BTC) rising over the coming months on the back of a favorable macroeconomic backdrop. In a new interview with crypto journalist Natalie Brunell, Gromen highlights the US government’s nearly $35 trillion debt. With the national debt sitting at record-high levels, the macro expert says there’s nothing the Fed can do to stop the resurgence of inflation, which will ultimately drive investors to seek shelter in store-of-value assets like Bitcoin to preserve their wealth. “I’m super bullish Bitcoin for the next six to 12 months at least, tactically and strategically because whether the…

Coinbase and Custodia both lost early and preliminary court fights. The Coinbase loss was more or less expected – companies rarely win much on a motion for judgment at such an early stage – but still pretty enlightening. Why it matters At some point the cases involving the U.S. Securities and Exchange Commission are going to move to appeals courts and maybe even the U.S. Supreme Court, if they’re not settled first. Until that point, these decisions in the district court are shedding light on how judges view the crypto industry. Breaking it down Judge Katherine Polk Failla ruled mostly…

The crypto exchange Binance has revealed that between 2022 and 2023 it has recovered funds worth 4.35 billion dollars in crypto assets for users who have sent or lost coins. In particular, it was about cryptocurrencies deposited but not credited to users’ wallets, usually due to errors in the transfer. Altogether, in two years he successfully handled more than 381,000 appeals, while his security team worked on recovering and freezing 55 million dollars of users’ funds in 2023 alone. The crypto exchange Binance and the recovered funds Security The comment The crypto exchange Binance and the recovered funds Binance is…

The proliferation of blockchain networks, both layer-1 and layer-2 rollups, has cast a spotlight on user experience limitations. These challenges are evident for even seasoned crypto-natives who want to move and use assets across chains. Traditionally, developers deploy applications across multiple blockchain networks, each acting in isolation with its unique state and unable to directly interact with other deployments of the same application on different chains. Such a process is costly, time-consuming and contributes to what is known as “application fragmentation.” The problem, as identified by the founders of Skatechain, is rooted in “redundant development efforts, liquidity fragmentation and toxic…

In a recent turn of events, Arkham Intelligence has unveiled asset manager Grayscale’s astounding Bitcoin transfers since the launch of Bitcoin ETFs on January 11. Reportedly, Grayscale has moved a total of 266,470 Bitcoins out of their wallets for GBTC redemptions. At the current rate of redemptions, GBTC runs out of Bitcoin to sell in 96 DAYS.Since GBTC started trading as an ETF on 11th January, Grayscale has transferred 266.47K BTC out of their wallets for GBTC redemptions.That’s a rate of 25.9K BTC per week. pic.twitter.com/tMT7T73ena — Arkham (@ArkhamIntel) March 23, 2024 According to the surprising estimations of Arkham Intelligence,…

The Tensorians non-fungible tokens (NFTs) on Solana came out on top of the sales charts on Wednesday, CryptoSlam data shows. Tensorians, a collection by Solana marketplace Tensor, recorded US$1.83 million in sales in the 24 hours to noon ET, following a 406.26% increase. This surge in sales is supported by a notable rise in transactions, which have grown by 379.59%, totaling 235 transactions. On Tuesday, Tensor announced the launch of its Season 4 event, which allows participants to earn rewards by bidding, listing, and market-making on its platform. Tensorians was the only collection to have at least US$1 million in…