Author: NBTC

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…

Today the price of Bitcoin seems to want to make a rebound after the crash of the last few days that led to the liquidation of a multitude of long positions. Let’s go over what the causes of the dump have been by analyzing the general context of the market and see what lies on the horizon. Are we back in a bear market or is there still room for a recovery? Let’s see everything in detail below. Analysis of today: what happened to the price of Bitcoin in the last few days? The response of the bulls arrives today…

The custody function of crypto platform Prometheum Inc. is now open for institutional clients. Prometheum had soft-launched with ETH and later added UNI and ARB to the assets it’ll support, and this week the company said it’ll also take custody of OP and GRT. Co-CEO Aaron Kaplan said Prometheum is trying to become the PayPal of crypto. While the broader crypto industry fights with the U.S. Securities and Exchange Commission about the agency’s labeling of most tokens as securities, Prometheum is swinging open its doors for a long-awaited test of its strategy to assume the SEC is right. The company…

The U.S. Securities and Exchange Commission (SEC), known for targeting crypto companies over their “crypto asset securities,” has caused confusion by saying it never intended to imply that the tokens themselves were securities. SEC Argues That Term Crypto Asset Security Does Not Indicate These Tokens Are Securities This surprising revelation comes amid the SEC’s ongoing lawsuit against crypto exchange Binance. The SEC explained in a footnote in its amended complaint that when it uses the term “crypto asset securities,” it is not referring to the digital assets themselves, but rather to a broader set of contracts, expectations, and agreements surrounding…

Dominic WILLIAMS, Chief Scientist at the DFINITY Foundation, shared major updates to the Internet Computer blockchain protocol. The updated Internet Computer deck detailed new developments in the decentralized “World Computer” network. The document said that ICP’s native applications boast resilience to cyberattacks. Improved security paves the way for easier blockchain-based website development and reduced application administration requirements, according to the deck. The information provided by Williams also revealed that ICP’s new software enables advanced AI features. Developers can train AI models on the network to “design, build, deploy, and handoff” applications. ICP has also implemented automated processes for decentralized autonomous…

Although there has recently been a notable decline in the price of Bitcoin, there are indications that a significant upswing may be imminent. There are roughly $23 million worth of orders stacked up around the $56,000 mark, according to the liquidation heat map. This is an important price range because it is where a short squeeze could cause Bitcoin to surge in the event of liquidations. In a short squeeze, short sellers are forced to buy back their positions in order to prevent further losses when the price of an asset that has been heavily shorted begins to rise. A…

Robinhood CEO Vlad Tenev believes crypto can modernize traditional finance by addressing inefficiencies in the traditional financial infrastructure. Crypto can solve legacy inefficiencies in traditional finance by revolutionizing how financial services are offered and delivered, Robinhood chief executive Vlad Tenev told CNBC. In a Sept. 11 interview, Tenev said cryptocurrency has the potential to revolutionize traditional finance, positioning it as a long-term infrastructure upgrade for financial services. He emphasized that blockchain technology could address inefficiencies in collateralized lending, trading, market making, and settlement processes. Crypto offers an infrastructure upgrade and a shift in how financial services are offered and delivered.…

Shibburn data tracking platform, which monitors burn transactions in the Shiba Inu ecosystem, has published fresh figures that show that the SHIB community has resumed burning its meme coins. Burns have resumed after a pause that lasted several days, while the SHIB price began to break out. Massive SHIB burn surge detected According to the Shibburn tracker, over the last 24 hours, the SHIB community has burnt several tens of millions of meme coins – 28,648,321 SHIB in total. This allowed them to push the overall daily burn rate metric up by 1,253.14%. There have been 13 burn transactions so…

Meta Pool, a multi-chain liquid staking service is deploying a canister on the Internet Computer Protocol blockchain, with the goal of adding more utility for the ICP token to support Decentralized Finance platforms. Meta Pool’s Liquid Staking platform currently supports several Proof-of-Stake blockchains such as Aurora, Ethereum, NEAR, Solana and Q Blockchain. It has now incorporated a liquid staking token to its platform called staked ICP (stICP) — this token allows anyone to deposit their ICP tokens into the service and mint stICP which enable´s users to accrue the rewards from governance system from the Internet Computer Protocol blockchain, which…

Nassim Nicholas Taleb, a risk analyst, and author of books on uncertainty “Black Swan”, “Antifragile”, etc, has offered his explanation of how exactly the Japanese market collapse developed. The one which caused Bitcoin to crash during the past week. Taleb’s breakdown of Japan’s market crash Taleb commented on the recent collapse of Japanese stocks witnessed by the global financial community and the army of crypto investors since that crash made Bitcoin plunge. Recently, major Japanese Nikkei 225 stock index experienced a drastic plunge after the Japanese central bank conducted an interest rate hike. Taleb commented that the BOJ (Bank of…