Author: NBTC

Yet another blow for SEC in Coinbase vs SEC case, the lack of clear crypto regulations in the United States has created an unending war between the Securities and Exchange Commission (SEC) and established web3 firms led by Coinbase Global Inc. (NASDAQ: COIN). Although the topic of digital assets has been cited as a major issue in the upcoming US general election, the current administration has not enacted clear crypto regulations. Did tables turn towards Coinbase, we have found it out! Coinbase CLO Thanks the Court Recently via X post, Paul Grewal, Chief Legal Officer at Coinbase, has shared an…

Justin Sun had transferred a notable 500 BTC worth $30.3 million to a Binance deposit. Since 2024, Justin Sun has deposited a massive 2,969 BTC worth $164 million to HTX and Binance. Experts suggest that BTC is in an uptrend as it is moving above the 200 EMA. Bitcoin (BTC) the world’s biggest cryptocurrency has maintained its position above the $60,000 level for four consecutive trading days and is currently consolidating within a tight range. Amid this consolidation, Justin Sun the founder of HTX and TRON has gathered widespread attention due to his significant BTC transfer to Binance. Justin Sun…

When NFT marketplace OpenSea announced last week that it anticipates a lawsuit from the U.S. Securities and Exchange Commission (SEC), bells of panic rang far and wide through the cryptosphere. The U.S. government was opening up a major new front in its war on crypto: It was finally coming for the heart of the NFT market. But what does the development actually mean? Is every major NFT project now about to be labeled an illegal, unregistered security as some fear? Or might only particularly cash-grabby projects be at risk of legal scrutiny? While it may be some time before the…

Ethereum’s layer-1 network has witnessed a drastic decline in revenue, plummeting by 99% since March 2024. Data from Token Terminal reveals that network revenue peaked at over $35 million on March 5. However, by Sept. 2, daily revenue had plunged to a yearly low of around $200,000. Market observers attribute this decline to the growth of layer-2 (L2) networks and the March Dencun upgrade, which reduced fees for L2 transactions and reshaped Ethereum’s revenue structure. Token Terminal stated: “Key metrics that show how lower transaction fees on L2s have increased usage, but also driven down the revenue on the L1.”…

The team behind the Shiba Inu ecosystem invites developers to join the ecosystem by building on the prominent Layer-2 scaling solution, Shibarium. Shibarium’s official X handle issued the notice yesterday, informing developers that they could start building on the blockchain using Shiba Inu Developer Portal (ShibDev). The platform offers essential tools and services to make development processes on Shibarium easier and more convenient. Some of the essential tools on ShibDev include node access, API management, faucet, and on-chain data, among others. In a follow-up tweet, Shiba Inu’s marketing specialist Lucie also urged developers to take advantage of this “comprehensive suite…

Kansas Attorney General Kris Kobach announced the recovery of an international crypto wallet and stated that the funds will be returned to a Kansas resident defrauded in a crypto scam. This followed a lawsuit against Bimbo Toyin Akinyemi, a Nigerian national accused of the fraud. The court ordered full restitution and penalties, enabling the Attorney General’s office to seize the digital assets. Kansas Attorney General Recovers Stolen Cryptocurrency in Landmark Case Kansas Attorney General (AG) Kris Kobach announced on Wednesday that “his office successfully recovered an international electronic wallet and will return money to a Kansas victim of a crypto…

Investor and venture capitalist Preston Pysh believes that crypto will witness exponential growth in the next five years. In a new interview on the TFTC YouTube channel, the general partner at Bitcoin (BTC)-focused venture fund Ego Death Capital highlights that crypto is not following a linear path in terms of growth. He thinks the asset class will go far in the coming years and tremendously exceed the growth recorded between 2019 and 2024. “This is exponential, so whatever growth we had over those last five years, it’s going to be even more aggressive in the coming five years. I think…

Ethereum’s price has dropped nearly $1,000 since July 30th, with the RSI indicating it is in oversold territory. Significant sell-offs and ETF outflows are contributing to Ethereum’s current bearish trend. Ethereum has been experiencing a bearish momentum since the 30th of July. It declined drastically from $3,361 to $2,398. This is approximately a $1000 difference. At the time of writing, ETH is trading at 2,398 a 2.50% decrease in the past week. The 24-hour volume stands at $15,518,482,552 billion, reflecting a 38.94% increase. Considering the one-month data, the price of Ethereum was highest on 24th August trading at $2,814 with…

Solana-based prediction market BET has hit a new milestone of $20 million in its daily volume, according to Dune Analytics data. However, a deeper look reveals a downward trend in BET’s trade count over the past three days, raising questions about how the $20 million volume was achieved. Despite this, the milestone is noteworthy as BET launched less than two weeks ago. This suggests that BET successfully engages Solana users interested in blockchain-based prediction markets. Notably, BET users have wagered more than $23 million across four political bets. Over $20 million of this is on Kamala Harris winning the popular…

A musician from Cornelius, North Carolina has been charged with wire fraud conspiracy, wire fraud, and money laundering conspiracy in connection to a years-long scheme to manipulate music streaming platforms and pocket over $10 million in royalties with AI-generated songs. From 2017 to 2024, Michael Smith, 52, allegedly used AI to generate songs and automated bots to inflate listener numbers across music streaming platforms. While the services used were not disclosed, major players like Spotify, Apple Music, and YouTube Music pay royalties to artists based on how popular they are. The case against Smith was announced Wednesday by the U.S.…