Author: NBTC

The Supreme Court is reportedly expected to decide if the Do Kwon extradition judgment violated the law by the end of the month, according to its acting president. Indeed, Vesna Vučković told the Montenegrin publisher Vijesti that the Supreme Court will be deciding on a “request for the protection of legality” filed by the Supreme State Prosecutor. Vučković says the prosecutor believes there have been multiple law violations from the High Court and Appellate Court final judgments regarding the extradition of the disgraced crypto founder Do Kwon. She noted objective reasons have prevented the Supreme Court from scheduling a session…

Binance Research, the research branch of the crypto exchange Binance, has just published the report “Blockchain Payments: A Fresh Start“, in which it analyzes the role of blockchain technology in the changing world of digital payments. The study highlights how payments accompanied by blockchain are up to 50 times cheaper compared to traditional electronic ones, as well as significantly more flexible. Binance Pay, the payment platform of the eponymous crypto exchange, has recorded a 71% increase in volumes in 2023. This highlights a greater proactivity of users in making crypto payments compared to previous years, thanks to the development of…

The bitcoin price is staring at the death cross, a pattern that trapped bears on the wrong side of the market last September. BTC’s near-term prospects are closely tied to the health of the U.S. economy and volatility in the Japanese yen. Some indicators are inherently lagging and offer limited predictive power, yet they consistently make headlines in traditional and crypto markets, often resulting in unnecessary panic among inexperienced investors. One such example is the bitcoin (BTC) death cross, which tends to spark heightened fear and impulsive reactions on social media despite its poor record of accurately predicting future price…

Binance Labs, the venture capital division of Binance, has announced its investment in Blum, a Telegram-based mini trading application focused on leveraged memecoin and new token trading. This investment is part of Binance Labs’ participation in the 7th season of the BNB Chain’s Most Valuable Builder (MVB) Program, designed to support and accelerate the development of Web3 innovators within the BNB Chain ecosystem. Contents hide 1 How Rigorous is the Selection Process? 2 Which Other Projects Received Funding? 3 Key Takeaways How Rigorous is the Selection Process? The MVB Program is known for its stringent selection criteria, receiving over 700…

AAVE, the native token of decentralized crypto lending platform Aave, has surged by over 45% in just four weeks to $135. While this rise of AAVE is notable, AAVE has surpassed all of the top 100 cryptocurrencies by market value, including market leaders Bitcoin (BTC) and Ethereum (ETH). While the reasons behind this rise were wondered, experts guessed that recent innovations in AAVE triggered this rise. Proposed Changes Support Price Increase! According to experts, the reason behind AAVE’s rise was Aave-Chan Initiative founder Marc Zeller’s proposals to distribute a portion of the platform’s net income to critical actors in the…

This week, Judge Jia Cobb of the U.S. District Court for the District of Columbia ruled in favor of the prediction market Kalshi in its case against the Commodity Futures Trading Commission. As professionals in the space we believe Judge Cobb’s ruling could be among the most important in the history of prediction markets. Aaron Brogan is the managing attorney of Brogan Law PLLC, where he specializes in cryptocurrency regulation and disputes. Matthew Homer is a VC investor and advisor to founders in the crypto space. The CFTC, chaired by Rostin Benham, has taken an aggressive posture toward prediction markets.…

Eigen Layer has partnered with Nuff to develop a new staking protocol. Integrating the Nuff Protocol will expand EigenLayer’s ecosystem support and improve its fundamental features. The aim is to make the new platform the standard restaking platform for open innovation. We are extending @EigenLayer beyond @Ethereum L1.Restake from anywhere.Reward from anywhere.Accounting on @EigenLayer.We are building the Nuff Protocol,The first universal restaking protocol.This brings fundamental benefits to the restaking market: pic.twitter.com/kwFaNxfX3B — nuffle ( waff / le ) (@nufflelabs) September 11, 2024 EigenLayer is a protocol built on Ethereum that introduces restaking, a new primitive in cryptoeconomic security. This primitive…

As Bitcoin struggles to quickly recover above $60,000, miners are facing profitability issues across the industry. Bitcoin’s (BTC) temporary crash below $50,000 on Monday, Aug. 5, has put many crypto miners in a challenging situation as they are now facing profitability issues across the whole industry, analysts at Hashrate Index say. In a blog post, Hashrate Index’s analyst Kaan Farahani highlighted that Bitcoin’s drop to $55,000 caused a significant decline in the hashprice metric, which fell by 28% on a weekly basis, putting “stress on miner profitability.” Bitcoin’s hashrate price in USD | Source: Hashrate Index Despite the bearish price…

The fundraising round consisted of $10 million equity investment and $28 million of investments in real-world assets on Huma’s platform. Investors included Distributed Global with significant participation from Hashkey Capital, Folius Ventures, Stellar Development Foundation, and TIBAS Ventures. Huma merged with cross-border payments firm Arf earlier this year and the two are projected to hit a combined $10 billion in payments-financing transactions next year. Huma Finance closed a $38 million investment round to boost its payment-financing (PayFi) platform built on tokenized real-world assets (RWA). The round comprised $10 million of equity investment and $28 million in yield-bearing RWAs on the…

In an X post, Coinbase Chief Legal Officer Paul Grewal draws attention to a footnote in the SEC’s amended complaint filed in the Binance lawsuit. The footnote reads: “As this court noted and as the SEC reiterates, with its use of the term ‘crypto asset securities,’ the SEC is not referring to the crypto asset itself as the security; rather, as the SEC has consistently maintained since the very first crypto asset Howey case the SEC litigated, the term is a shorthand.” The SEC continued, “Nevertheless to avoid any confusion, the PAC no longer uses the shorthand term and the…