Author: NBTC

Retired securities lawyer Marc Fagel dismisses speculations that the U.S. SEC could agree to settle its multi-year lawsuit with Ripple during its upcoming Sunshine Act meeting. For context, rumors have been spreading in the XRP community that the SEC might discuss a settlement with Ripple during its upcoming closed-door meeting. Top SEC commissioners and officials will attend the meeting, which is scheduled for 2 PM (ET) on July 18. Potential SEC v. Ripple Settlement According to the Sunshine Act notice, the SEC officials will focus on four major agendas, including settlement of administrative proceedings and injunctive actions, as well as…

A dormant Bitcoin address containing 48 BTC, valued at $2.57 million, was activated today after 13 years of inactivity, reports Whale Alert. This address originally received these coins when Bitcoin was priced at just $13.7 per BTC, representing an astonishing 400,179% gain. The reactivation of long-dormant addresses usually causes bearish sentiment among market participants. It often suggests that holders are preparing to liquidate their assets, potentially flooding the market with significant amounts of Bitcoin and increasing selling pressure. This month has seen a trend of decades-old wallets reawakening, with today’s event being part of a broader pattern. Recently, U.Today reported…

Real-World Asset (RWA) credit protocol Zivoe has announced that it will launch on July 31, 2024. The launch will be a major step in utilizing blockchain technology to democratize access to credit. It is also a major milestone in Zivoe’s quest to bridge the gap between decentralized finance (DeFi) and the traditional financial (TradFi) sector. Revolutionizing Credit Access Zivoe is poised to disrupt the multi-billion dollar high-interest consumer lending market. By connecting global DeFi liquidity to private credit markets, Zivoe aims to channel much-needed capital into underserved areas, making credit more accessible and affordable for everyone. Additionally, Zivoe seeks to…

Fantom (FTM) Foundation announced that it has established a strategic partnership with Google Cloud. The collaboration aims to launch a series of initiatives that encourage and empower developers to build next-generation decentralized applications (dApps) on Fantom. According to the official announcement published by the altcoin developers, the partnership will benefit from Google Cloud’s secure, scalable and flexible infrastructure, as well as advanced artificial intelligence capabilities. In addition, Google Cloud will contribute to scaling and securing Fantom’s Opera network by operating an authenticator. The company plans to bring this validator to Fantom’s new cryptocurrency network, Sonic, in the future. Michael Kong,…

Guo Wengui, a Chinese businessman linked to Steve Bannon, was found guilty on nine of 12 criminal counts for charges including fraud, racketeering, and money laundering. In a statement published today, July 17, US Attorney Damian Williams announced the “end of Guo’s schemes.” Guo had defrauded investors to fund his lifestyle, including a yacht worth $37 million. Williams finally guaranteed that Guo would “face decades in prison.” Guo faces sentencing on November 19 and has been in prison since his arrest in March 2023. Guo’s relationship with Bannon is primarily based on their co-founding of GTV Media Group, which owned…

Unioverse, a leading Web3 game platform, has named Eric Peterson, co-founder of Star Citizen, as its new Chief Creative Officer, according to the latest information shared with Finbold on July 18. The move is expected to help Unioverse bring Web3 gaming to the mainstream and attract a broader audience of video game players. Eric Peterson joins Unioverse Eric Peterson joins Random Games, the developer behind Unioverse, to steer creative direction and game development initiatives. So far, Peterson has collaborated with Chris Roberts on the iconic Wing Commander franchise at Origin Systems, co-founding Digital Anvil, and producing titles such as StarLancer…

Bitcoin’s recent price action has spread fear over the whole crypto market, as participants are worried that the bull market might be over. Yet, things can change very quickly in the crypto space, and there is still a probability of recovery. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been making lower highs and lows since dropping below $70K, demonstrating a clear bearish trend. Last week, the market even broke below the key $60K level and the 200-day moving average, which is located around the $58K mark. Meanwhile, the $57K support level has held…

Liquidium, a lending platform, has raised $2.75 million in a seed round to establish itself as a leading DeFi hub in the Bitcoin ecosystem. Investors in the round include Wise 3 Ventures, Portal Ventures, Asymmetric Capital, AGE Fund, NGC Ventures, CMS Holdings, Newman Capital, VidenVC, and DeGods. The round also included angel investors like Dingaling, Frank DeGods, Beanie, Cirrus, ThreadGuy, FAR (Co-Founder of Taproot Wizards), Anthony Newman, Dr. Jingle, NFTboi, CryptoSlate CEO Nate Whitehill and Kraken’s Dan Held. Aave-like experience Robin Obermaier, Liquidium’s CEO, said the funding would help the platform achieve his vision of providing an Aave-like experience on…

Key Points: Starknet Catalyst Program allocates 20 million STRK tokens to advance Ethereum Layer 2 scaling solutions. Funding targets user experience enhancements, with six standout projects already identified. Starknet’s initiative reflects its commitment to innovation, leveraging ZK-STARK technology for secure, scalable solutions. The Starknet Foundation has announced its new Catalyst program, where it will distribute 20 million STRK tokens to the 21 leading projects in its ecosystem. Starknet Catalyst Program Launched to Promote Ethereum Scaling Solutions Starknet Catalyst Program encourages innovation within Ethereum Layer 2 Starknet’s solutions, all utilizing zero-knowledge rollup technology. Funding is categorized into two segments, advanced and…

If the US doesn’t lead in crypto, another country, likely China, will, said Donald Trump in an exclusive interview with Bloomberg. With crypto emerging as a global phenomenon, Trump believes it’s essential for the US to be involved in the sector. “If we don’t do it, China is going to pick it up and China’s going to have it—or somebody else, but most likely China. China’s very much into it,” Trump said when he explained his decision to embrace crypto. “…what I want, again, is what is good for the country.” It was not the first time Trump advocated for…