Author: NBTC

Ripple CEO Brad Garlinghouse expresses frustration over the SEC’s stringent crypto regulatory approach after the agency sued Cumberland for operating as an unregistered securities dealer. In an X post yesterday, the Ripple CEO called the public’s attention to fresh comments from SEC commissioner Mark Uyeda, who criticized the agency’s approach to the crypto industry as a disaster. SEC Commissioner Calls Agency Crypto Regulation a Disaster Speaking in an interview on FOX Business, Uyeda said the SEC has been implementing its crypto policies through enforcement actions. However, the regulator has also failed to provide the industry with the needed guidance. He…

After racking up 300 million players, hit Telegram tap-to-earn game Hamster Kombat launched its HMSTR token on The Open Network (TON) in late September. Now the team has shared a better sense of when the game will begin its next full-fledged season of gameplay, which will come with its own future airdrop. Season 2 of Hamster Kombat is set to arrive “very soon, at the end of October,” the game’s anonymous development team told Decrypt this week. Ahead of the airdrop, on September 20, the developers launched what was planned to be a short “interlude season” that would only last…

Binance has announced the addition of Binance Staked SOL (BNSOL) to its suite of financial products that includes Binance Simple Earn, Binance Convert, and Binance Margin, giving users new opportunities to interact with the popular staked asset. Starting on October 10, 2024, at 11:00 AM, Binance Simple Earn will offer BNSOL Simple Earn Flexible Products, allowing users to subscribe and earn rewards by staking their BNSOL assets. This flexible staking option allows participants to earn returns without locking up their assets for long periods of time. Binance Convert will begin offering BNSOL within an hour of its listing on Binance…

The government of Louisiana has officially begun accepting cryptocurrency payments, making it the latest U.S. state to embrace digital currencies for state services. Louisiana State Treasurer John Fleming announced earlier this week that residents can now use a number of digital assets as payment for various state services. Residents can now pay using Bitcoin (BTC), the Bitcoin Lightning Network, and the U.S. dollar-pegged stablecoin USDC. The state said its first cryptocurrency payment has already been processed—a fine paid to the Louisiana Department of Wildlife and Fisheries via the Bitcoin Lightning Network. According to Fleming, this development results from a collaboration…

H.C. Wainwright has initiated coverage on Galaxy Digital Holdings stock, offering a Buy rating and a price target of C$24. Analyst Mike Colonnese states that the U.S.-based digital asset-focused financial services firm’s shares offer the diversified exposure investors seek when looking for new positions. Galaxy’s business also suggests several near-term catalysts, including fundamental growth amid cryptocurrency’s impending 2025 bull market. The current price of GLXY stock does not yet reflect that a bull market has fully been priced in, the analyst noted. You might also like: UNI jumps 11% as Uniswap debuts its own layer-2 solution Unichain Analyst forecasts 36%…

In a dramatic turn of events, a crypto trader going by Db3P got significant attention for generating $10M out of just $800, only to recently see a fortune plunge. As per Arkham Intelligence, an on-chain analytics firm, the trader reportedly lost a substantial $5 million amount in terms of unrealized profit. The analytics platform provided the details of the trader’s activity in frequent updates on social media. UPDATE: This guy turned $800 into $10 Million & is now down $5 millionTrader Db3P bought $800 of MOO DENG in its first week and rode it up to highs of $10.2M on…

In an interesting development in the SEC lawsuit, Ripple announced yesterday it had filed a cross-appeal of Judge Torres’s final judgment, which was entered on Aug. 7, 2024. Ripple CEO Brad Garlinghouse and Chairman Chris Larsen were named defendants in the cross-appeal notice to the United States Court of Appeals of the Second Circuit dated Oct. 10, 2024. At the start of October, the SEC appealed the ruling, ordering Ripple to pay a $125 million civil penalty on its XRP sales, a fraction of the $2 billion sought by the regulator. The latest cross-appeal move by Ripple against the SEC…

Following the early access release of Off the Grid earlier this week, the Avalanche-based battle royale shooter is rising the ranks of the Epic Game Store. Developed by Gunzilla Games, Off the Grid rose to the top of the storefront’s Most Popular Free-to-Play PC Games list on Friday, topping Epic’s own massively popular Fortnite and Rocket League. It’s also the first title listed on the store’s Trending list. The game pits players against each other in a similar way to other battle royale shooters like Fortnite and Apex Legends: shoot, loot, and survive as the map gets gradually smaller. At…

According to the latest announcement from the Mt. Gox exchange, the platform will extend its repayment deadline by another year. Mt. Gox, a Bitcoin exchange founded in July 2010 and based in Tokyo, suffered a hack in 2014, losing a substantial amount of Bitcoin (BTC). This hack ultimately led to Mt. Gox’s bankruptcy. Mt. Gox Adjusts Final Deadline for Payment Completion The document also indicates that most creditors have completed the basic, temporary, and early repayment processes. However, some creditors have not completed the necessary procedures or encountered issues during repayment. Read more: Top Crypto Bankruptcies: What You Need To…

Bitcoin staking Layer-1 network Core is planning to enter the U.S. exchange-traded fund (ETF) market within the next five years, according to Rich Rines, Initial Contributor to Core. “We brought the first yield-bearing ETPs to market earlier this year, and that was a feat no one else has matched,” Rines told Decrypt. “This is just the start of the institutional story for Core. We’re aiming to roll out ETFs in the U.S. as soon as regulatory frameworks allow it.” Core’s entry into yield-bearing Bitcoin Exchange-Traded Products (ETPs) began in June 2024, when Valour, a subsidiary of DeFi Technologies, launched the…