Author: NBTC
Kyle Davies, the founder of bankrupt Three Arrows Capital (3AC), was recently interviewed on the cryptocurrency podcast Unchained. During the interview, Davies explained how he intends to avoid his prison sentence in Singapore, how he still believes his actions were not fraudulent, and why “Uncle Kyle’s Chicken restaurant” is still unlaunched. Davies claimed the pending Singaporean prison sentence was a surprise, blamed his and Su Zhu‘s lawyers for not adequately reminding them about the court date that they missed, and also said that “this is not my full-time job.” Despite their lawyers apparently being responsible for their prison sentences, Davies…
Elon Musk’s X Payments, an integral component of his social network X, has attained significant regulatory milestones by securing licenses for money transmitter activities in three key new U.S. states at once. The approvals, granted by supervisory authorities in Illinois, New Mexico and Oregon on March 20, underscore the strategic direction of Musk’s vision to enhance the functionality of his digital platform beyond its initial scope as Twitter. This latest achievement expands X Payments’ operational reach, complementing existing licenses obtained in 19 other states, including Georgia, Arizona and Ohio. The move aligns with Musk’s overarching objective of transforming X into…
In an era where bitcoin’s value fluctuates wildly, a price model has emerged, offering a mathematical glimpse into its future price. The “Bitcoin Power Law,” suggests an interesting path for bitcoin’s price, rooted in the principles of algebra and natural laws. The model, representing a blend of science and finance, forecasts bitcoin’s journey to unprecedented heights reaching $1 million per unit by 2033. The Power Law Model’s Bold $1 and $10 Million per Bitcoin Predictions The Bitcoin Power Law suggests a predictable trajectory for BTC’s price, mirroring the patterns seen in natural phenomena ruled by power laws. BTC proponents Fred…
VaultTech, an ecosystem for providing a range of crypto services, shared their excitement for their upcoming Vault mobile application. The crypto firm commenced signing up for beta testing listings, claiming that users can win 5K USDT upon signing. 🚀 Get ready for the launch of the Vault app! 🚀 Sign up for our closed beta testing list now for a chance to win $5K USDT! 🤑 Hurry, only 100 spots available! Don’t miss out on this opportunity to be a part of something big! Sign up here: https://t.co/XwhQOjtfVg#crypto… pic.twitter.com/xrLj2kkd5X — VaultTech🏦🤖 (@VaultTechHub) March 14, 2024 According to a recent announcement,…
Empower Oversight, a nonprofit dedicated to enhancing independent governmental oversight, filed a lawsuit against the United States Securities and Exchange Commission (SEC) on Friday, alleging the federal agency failed to comply with their Freedom of Information Act (FOIA) request regarding cryptocurrency conflict of interests at the agency. The nonprofit’s lawsuit is particularly focused on uncovering information about William Hinman, the Director of the Division of Corporate Finance at the SEC from May 2017 to December 2020, following revelations “that several former-SEC officials held financial interests that call into question the integrity of their actions at the SEC.” US Government Agency…
A venture led by a former FTX executive has effectively secured $60 million in bankruptcy claims from affected users. FTX Creditor primarily assists users with claims of up to $100,000. Social media has praised it for its rapid transaction capability, completing processes in as little as 30 minutes. In the aftermath of FTX’s collapse in November 2022, Louis d’Origny, alongside former FTX executive Ramnik Arora, saw an opportunity to transform the crisis into a profitable venture. The pair launched several investment funds and the FTX Creditor platform to acquire bankruptcy claims from other users caught in the exchange’s downfall. Peeps…
Speaking to CNBC, famous investor Bill Miller IV predicted that there will be a significant capital repricing event in the cryptocurrency market and expressed his determined bullishness towards Bitcoin. Miller, known for his successful investment strategies, said Bitcoin has significant growth potential and an important role in the evolving financial environment. During the interview, Miller underlined that Bitcoin is on a very rapid rise, more than doubling in value since mid-January. He also emphasized his confidence in the future of BTC, noting that MicroStrategy plays a leverage role on Bitcoin. Miller argued that Bitcoin still has significant upside potential and…
SubQuery, a leading data indexing solutions provider, has announced an exciting partnership with Stargaze. Stargaze is a fully decentralized NFT marketplace within the Cosmos ecosystem. This collaboration aims to revolutionize the NFT experience by leveraging SubQuery’s advanced indexing capabilities. Earlier, SubQuery announced support for Soroban. Excited to share our partnership with @StargazeZone, a cutting-edge NFT marketplace on @cosmos ✨Experience boundless possibilities with our cutting-edge data querying features. Build the next trending DApp with us today! 🔍🛠️ Read the announcement ⬇️ https://t.co/oqiyOBojeu pic.twitter.com/2vJ69uvZNh — SubQuery (@SubQueryNetwork) March 22, 2024 Stargaze’s Commitment to NFT Innovation and Community Empowerment At the heart of…
Animoca-backed Asian crypto custodian Hex Trust aims to achieve profitability, while seeking more funding amid the crypto market recovery. Hong Kong-headquartered crypto custodian Hex Trust is set to start discussions about raising additional funds later this year, as the crypto market is signaling the potential for a long-sustained rally. In an interview with the South China Morning Post, Hex Trust co-founder and CEO Alessio Quaglini said the custodian plans to start consultations about structuring “a [new funding] round,” although it is yet to determine whether this would be pursued in the first or second half of this year, as investors…
Genesis and Gemini have taken steps to compensate users affected by their failed Earn program. According to a March 19 statement from Gemini, Genesis asked a bankruptcy court to approve a settlement in principle that will distribute funds to users. The request will be considered during an upcoming hearing on April 16. If the settlement is approved, Earn users who had their accounts suspended should receive 100% of their assets — with 97% of the amount expected to be reimbursed within weeks of court approval. The remaining funds will be distributed as they are obtained from Genesis’ parent, Digital Currency…