Author: NBTC

The legal battle between the U.S. Securities and Exchange Commission (SEC) and investment firm Ripple Labs Inc, which spanned almost four years, finally got a final ruling on Wednesday. Now, the question in the minds of many is whether the SEC will appeal parts of the July 2023 ruling. Mixed sentiment from Ripple’s CTO David Schwartz, the chief technology officer (CTO) at Ripple, took center stage in this discussion on Wednesday. A user asked what the probability of a potential appeal is, in response, he said, “Honestly, I have no idea. I can think of good arguments for why they…

The Bitcoin (BTC) price has been consistently declining over the past two weeks, consequently putting the flagship cryptocurrency in the undervalued zone. BTC dipped by 3.2% in the past 24 hours and is trading at $62,300 at the time of writing. Notably, this is the first time in six weeks that the Bitcoin price plunged below the $63,000 mark. The asset’s market cap is down to $1.22 trillion, last seen on May 15. BTC price, RSI and exchange net flows – June 24 | Source: Santiment On the other hand, the daily BTC trading volume surged by 91% over the…

The U.S. Treasury’s new buyback program, introduced last month, aims to enhance liquidity by allowing regular sell-backs of older securities. The program will conduct weekly purchases, with limits rising to $30 billion per quarter, impacting market liquidity and dealer balance sheets. Improved bond market liquidity could influence the cryptocurrency market by drawing investors away from riskier assets. The Treasury’s newly launched buyback program is expected to enhance liquidity in the government bond market. This initiative, which was introduced last month, allows market investors to regularly sell back older and less liquid securities to the Treasury. The next sale is expected…

While Germany’s Bitcoin sales have been one of the hot topics on the agenda lately, the UK has made sales in a different altcoin. At this point, British authorities confiscated the crypto currencies named Monero (XMR) obtained from the crime after the drug dealer selling deadly ‘weight loss pills’ confessed his crime. The UK Food Standards Agency (FSA) sold XMR tokens for British pounds, marking the UK’s first XMR sale. According to the incident, a 28-year-old British citizen named Jack Edward Finney benefited from Monero while selling the illegal drug DNP. After DNP, it was classified as poison by the…

Pro-XRP lawyers speculate that both the U.S. SEC and Ripple will appeal Judge Torres’ final judgment. Following the court’s final decision in the SEC v. Ripple lawsuit, the crypto community has been embroiled in a debate regarding whether the decision would trigger an appeal from any parties. Ripple and SEC Will Appeal Many legal experts, including Attorney Bill Morgan and James Murphy (MetaLawMan), speculate that both sides will appeal. Their prediction is based on the fact that the court’s final judgment ended in a partial victory for each side. According to the decision, the court imposed a fine of $125…

FLOKI’s listing on Ebi DEX boosts its visibility and accessibility in the crypto market, offering low fees and no gas costs. New users trading FLOKI on Ebi via the exclusive affiliate link receive a 10% fee rebate and 50,000 bonus points for early deposits. FLOKI’s new marketing campaigns and projects aim to expand its ecosystem and attract more investors and developers. FLOKI has been listed on Ebi, a decentralized exchange (DEX) specializing in trading perpetual futures. This listing is a forward step for FLOKI, enhancing its visibility and accessibility in the cryptocurrency market. Ebi, operating on the Ethereum Layer 2…

Despite Bitcoin trading at the lower levels of the monthly trading range, the first cryptocurrency is unlikely to have any problems moving upwards, considering the current distribution of liquidity. The provided chart shows that the majority of selling pressure is located far above the $70,000 threshold, and the only thing needed for a reversal right now is some buying volume. Liquidity in the $70,000-$80,000 range indicates a significant concentration of liquidation leverage. Given the upper-level liquidity, it is possible that Bitcoin will rise swiftly to reach these high-liquidity zones once it starts to rally. Below these levels, the selling pressure…

Binance Labs, the venture capital and incubation arm of Binance, has recently expanded its support for by welcoming three new crypto projects into the seventh season of its Incubation Program. Binance Labs, known for bolstering early-stage projects, continues to foster potential game-changers in the Web3 ecosystem. However, admission into the Binance Incubation Program does not guarantee an investment from the venture capital arm. 3 Projects That Joined the Binance Incubation Program The trio of projects selected for this season’s incubation includes Aarc, FluxLayer, and TonTon Games. Each project introduces unique solutions to prevalent challenges in the decentralized space, aiming to…

Following Shiba Inu’s recent price plunge, we’ve outlined the amount of SHIB investors must hold to make $1 million if the price soars to $0.00003, $0.0003, or $0.003, respectively. Since Shiba Inu surged to around $0.000045 in March 2024, it has been on a downward trajectory. On July 5, the token plunged below $0.000013 for the first time in four months. Although SHIB has surged 16.41% over the past 24 hours to $0.00001545, it is still down 65.66% since its March peak of nearly $0.000045. While many investors have been left devastated by Shiba Inu’s recent dip, others see the…

Between April 1, 2024, and June 30, 2024, the Financial Conduct Authority (FCA) took actions against firms breaching financial promotion rules, as well as investigations into unregulated activity. During this period, 3,273 promotions from authorised firms were either amended or withdrawn. Additionally, 528 alerts were issued regarding unauthorised firms and individuals, with 11% of these alerts related to clone scams, where fraudsters use details of legitimate firms to appear genuine. Following the end of the modification by consent for the Direct Offer Financial Promotion (DOFP) rules introduced by Policy Statement 23/6, compliance reviews were conducted. Feedback was provided to firms,…