Author: NBTC

Cayman Islands — Earth First Food Ventures Ltd. (EFFV) is making headlines with the launch of a $10 million Series A funding round, utilizing digital asset tokenization via the Securitize platform. This pioneering approach is set to democratize investment opportunities in the rapidly evolving sectors of Synthetic Biology and Alternative Dairy.—EFFV’s new funding round aims to accelerate the development of “Dairy Without the Cow” products through Precision Fermentation, expanding on their successful $3 million seed round. By leveraging tokenization, EFFV is making it easier for accredited investors to engage in impactful ventures that are reshaping the future of food.The process…

Former Bitfury CEO Brian Brooks believes the price fluctuations of crypto assets like XRP are as insignificant as the early volatility of Google’s stocks. Brooks shared this perspective in a discussion at The Aspen Institute, clarifying the core purpose of cryptocurrencies. According to him, the focus on short-term price movements detracts from the broader mission of cryptocurrencies. XRP Price Is As Irrelevant as Google’s Early Volatility Brooks stressed that the real value of crypto like XRP lies in its potential to replace centralized financial systems with decentralized networks that prioritize user control over bank CEO control. During the discussion, he…

Kraken has requested a U.S. court for a jury trial in its fight against the U.S. SEC. A California Judge ruled last month that the SEC’s lawsuit against Kraken will proceed to trial. Kraken suggested action had been taken against it for exercising its first amendment. Crypto exchange Kraken has demanded a jury trial in the case brought against it by the U.S. Securities and Exchange Commission (SEC), a court filing Thursday showed. A California Judge ruled last month that the SEC’s lawsuit against Kraken will proceed to trial. The verdict came after similar rulings in cases brought on by…

The Vega chain has announced that it will cease operations following a nearly unanimous on-chain vote to retire the network. As a result, the Vega chain will no longer support trading on any markets. The chain is expected to go offline after a ramp down period, during which validators are paid to keep nodes up so that users can withdraw their money. The on-chain vote to retire the Vega chain has officially passed.As a result, the Vega chain no longer supports trading on any markets. The chain is expected to cease operations after a “ramp-down” period, during which validators are…

Bitcoin, the leading cryptocurrency, surged to an intraday high of $56,277 earlier this Thursday, according to Bitstamp data. The cryptocurrency has recovered in tandem with global stock markets. Japan’s flagship Nikkei index 225 jumped sharply higher earlier today after recording its biggest price drop since the last 90s on Monday. After plunging to as low as $49,557, Bitcoin has now surged by more than 13%, paring a substantial portion of its losses. According to the widely used Fear & Greed Index, the leading cryptocurrency has now plunged back into extreme fear territory following its massive price plunge. On Monday, the…

When the NFT marketplace OpenSea signaled that it was braced for a regulatory crackdown last month, the disclosure delivered a jolt to Magic Eden CEO Jack Lu. “It all happened very suddenly,” he said in an interview with Decrypt (video below), adding that the San Francisco-based firm has not received a so-called Wells notice from the U.S. Securities and Exchange Commission (SEC). OpenSea said it received a letter from the SEC alleging that NFTs trading on its platform are securities. The NFT marketplace’s co-founder and CEO Devin Finzer, meanwhile, said that the firm is prepared to “stand up and fight.”…

A majority of economists in the latest Reuters poll, conducted on Sept. 10, expect the Fed to cut interest rates by 25 basis points at each of its remaining policy meetings in 2024. Of the 101 economists who participated in the survey, 65 predict that the Fed will cut rates by 25 basis points not only at the September meeting but also in November and December. Stephen Stanley, Santander Bank’s chief U.S. economist, said the latest U.S. employment report was “weak, but not disastrous,” while noting that both Fed officials John Williams and Christopher Waller offered relatively bullish assessments of…

As new cryptocurrencies flood the crypto market, they continue to offer opportunities to profit from carefully timed crypto trades. One crypto trader has recently demonstrated this by making $3 million in a matter of hours by trading a new meme coin, Simon’s Cat (CAT). Specifically, a ‘sniper,’ or trader using scripts or bots to swiftly purchase tokens as they become available on the market and gain an advantage, first spent 2,500 Binance Coins (BNB), worth $1.46 million, to buy 318.87 billion CAT, according to the data shared by Lookonchain in an X post on August 23. As the blockchain monitoring…

The SEC is in the news again as Ripple’s chief legal officer, Stuart Alderoty, took to social media to criticize the agency’s inconsistent approach to cryptocurrency regulation. It is not the first time the agency has been criticized in the crypto space. But Alderoty’s remarks seem to show that many in the industry are frustrated because they still do not have clear regulatory guidance, even after numerous enforcement actions. In response to the SEC’s latest investor alert, which reissued warnings about a variety of cryptocurrency scams, Alderoty highlighted the contradictions in the agency’s regulatory framework, particularly as it pertains to…

Bridged or wrapped stablecoins now exceed $10B in value, highlighting the process of outflows from Ethereum. Both native and bridged stablecoins are highly influential in building liquidity on L2 and supplying DeFi apps with reserves. The supply of stablecoins on L2 chains is now above $10B, based on data from GrowThePie. The expansion of stablecoins on the top L2 protocols was a slow process, depending on gradual bridging by whales and retail holders. L2 assets are still a small part of the total supply, but they serve a key purpose for DeFi and DEX. USDT and USDC are the most…