Author: NBTC

Jake Chervinsky, chief legal officer of cryptocurrency-centered venture capital firm Variant Fund, has stated that the Securities and Exchange Commission has been “roasted” before the Court of Appeals for the Third Circuit. “It’s past time to put an end to the SEC’s unlawful campaign of regulation by enforcement. The Third Circuit might do it,” he said. On Tuesday, cryptocurrency exchange Coinbase made oral arguments before the Third Circuit in its case against the SEC. The company took aim at the regulator’s “arbitrary” and “capricious” denial of the company’s petition for rulemaking. The appeals court judges reportedly grilled the SEC over…

Bitcoin historian Pete Rizzo recently revisited a profound statement by the pseudonymous creator of Bitcoin, Satoshi Nakamoto, that still resonates with the cryptocurrency community today. In a tweet, Rizzo highlighted this significant piece of Bitcoin history, taking the community back to the early days of Bitcoin. Rizzo shared Satoshi’s statement, which dates back to nearly 14 years ago: “If you dont believe it or dont get it, i dont have time to try to convince you, sorry.” ✨ Satoshi Nakamoto on #Bitcoin at $0.07, exactly 14 years ago. Believe it 🚀 pic.twitter.com/M4N1JQWRjR — The Bitcoin Historian (@pete_rizzo_) July 28, 2024…

Flamingo Finance has announced the forthcoming relaunch of the Poly Network bridge and released a slew of updates. The updates include an Action Center to migrate f- and p-assets affected by the recent Poly Network hack, FLM token emission changes, and new collateral tokens and interest rates for Flamingo Lend. In early September, Poly Network announced the complete termination of its cross-chain services following the third significant exploit the bridge service provider faced in as many years. In the most recent attack, the hacker absconded with more than US $3 million in digital assets, which caused the de-pegging of wrapped…

Ethereum ($ETH) has climbed back to $2,700, mirroring a broader crypto market rally. Data from top analytics firm Santiment, shows the rebound coincides with a noticeable uptick in social media chatter and trading activity, marking key achievements for the second-largest cryptocurrency. 🗣️ Ethereum’s market value has rebounded as high as $2,700 as crypto continues to extend its rally. There is renewed interest toward the #2 market cap asset on social media, and margin/leverage exchange ETH wallets have spiked as well. Both are enjoying 7-week highs. 📈 pic.twitter.com/3dagDLoGQK — Santiment (@santimentfeed) September 23, 2024 Surge in Social Media and Trading Activity…

The Middle East and North Africa region has become the seventh-largest cryptocurrency market as both retail and institutional adoption grows. According to a Chainalysis report, MENA received $338.7 billion in cryptocurrencies between July 2023 and June 2024, securing the seventh spot. This accounted for 7.5% of the global on-chain value. 1/ MENA is the 7th largest crypto market we studied in 2024, receiving ~$338.7B in on-chain value. Türkiye (#11) and Morocco (#27) rank high in our adoption index, capturing $137B and $12.7B, respectively. pic.twitter.com/uKfFJMsLrF — Chainalysis (@chainalysis) September 25, 2024 Türkiye leads the region with $137 billion in on-chain value…

In a recent analysis by on-chain analytics firm IntoTheBlock on X, the Cardano network has been highlighted for its impressive on-chain volume. The data reveals that Cardano settles approximately $7.2 billion daily in on-chain volume, a figure that surpasses many other blockchain networks. This substantial volume showcases the utility of the Cardano network. However, this impressive on-chain volume yields an impressively low NVT ratio of just 2.62, which could indicate ADA is undervalued. Cardano’s number of addresses with a balance has hovered around 4.45 million for over a year. Here’s what’s going on👇During the last cycle, Cardano experienced significant growth,…

With the SEC v. Ripple lawsuit approaching a critical stage, prominent XRP community figure Zach Rector outlines three events he is anticipating if none of the parties appeal. According to Rector, the multi-year lawsuit is in the grand finale stage, with an appeal window closing in less than two weeks, specifically on October 7. Rector pointed out that the longstanding legal battle will officially come to an end if neither the SEC nor Ripple files an appeal notice on or before the appeal window closes. 3 Upcoming Events With the lawsuit nearing its conclusion, Rector highlighted three major events that…

Widely followed crypto analyst Rekt Capital is suggesting that Bitcoin (BTC) is at a point in its market cycle that has historically preceded massive moves to the upside. The pseudonymous analyst tells his 483,000 followers on the social media platform X that BTC is at a major turning point that has unfolded in previous chapters of Bitcoin’s history. Rekt Capital’s chart suggests that BTC goes parabolic right after convincingly breaking through the previous all-time high. “BTC. We are here (green circle).” Source: Rekt Capital/X After a bounce off of the $65,000 mark, the analyst says that Bitcoin has officially confirmed…

According to the latest cryptocurrency news, the Hinkal Protocol has recently reached a transaction volume of $3 million hETH. This achievement occurred after Anonymity Staking gained momentum because blockchain users seek privacy-focused options. hETH reached $3M volume in our @CurveFinance Pool! Anonymity Staking is shaping the privacy ecosystem – and our stakers are the main drivers of it! Deposit your hETH in the Curve Pool to enjoy extra yield: https://t.co/Fy8e35DrD4 pic.twitter.com/xSEi3ZrKAE — Hinkal (@hinkal_protocol) September 25, 2024 People wanted to stay anonymous or unknown to hide their identities or transaction details. As a result, the Hinkal Protocol is becoming a…

At a recent event in Singapore, Vitalik Buterin talked about growing concerns over Ethereum’s network security. Specifically, the creator of the blockchain highlighted some overlooked vulnerabilities that could pose a big threat, even though the current staking mechanisms can be called robust. It all centers on solo stakers, which Buterin called the first and last line of defense, which play a big role in keeping the network secure. They make sure that censorship is blocked and that the blockchain is not corrupted by hackers. By resisting regulatory control, they protect the network from outright censorship. However, Buterin’s talk made it…