Author: NBTC

The Securities and Exchange Commission (SEC) has reportedly launched investigations into cryptocurrency venture capital firms for potentially acting as unregistered securities dealers, according to a report from DL News citing BlockTower Capital founder Ari Paul. Paul stated on the Unchained podcast that the SEC has initiated “a bunch of investigations into VCs for acting as unregistered securities dealers.” He suggests that the discounted token deals some VCs make with crypto projects could violate securities laws. This development marks a significant escalation in the SEC’s ongoing crackdown on the digital assets industry. Under Gary Gensler, the agency’s regulatory regime has already…

Bitstamp’s moonshot post sparks optimism about a potential XRP listing on Robinhood following the plan to acquire the exchange. Recently, Bitstamp, the world’s longest-running crypto exchange, stirred bullish interest in the XRP community by hinting at a moonshot for the asset. Specifically, the exchange shared a post of XRP on the moon, reliving optimism among the XRP Army. The post suggests in a lighthearted tone that XRP could engineer an astronomical price surge, a long-standing aspiration of the XRP community. I took this picture of the moon last night 😌 $XRP pic.twitter.com/gAQScc7qf4 — Bitstamp (@Bitstamp) July 8, 2024 XRP Army…

Block Inc. and Core Scientific have announced an agreement to supply Core Scientific with Block’s new 3-nanometer mining ASICs. Core Scientific will be the first to integrate these advanced chips into its large-scale mining operations. This collaboration is part of an ongoing effort to decentralize Bitcoin mining hardware and foster innovation in the mining ecosystem. Block’s Proto team, which leads the mining initiative and the self-custody wallet Bitkey, developed these ASICs. The chips provided to Core Scientific are expected to deliver approximately 15 EH/s (exahashes per second) of hashrate, with an option for additional volume. This agreement marks one of…

Bitcoin (BTC) short-term holders are behind the recent pullbacks in price, as the negative economic indicators from the US and cautious Federal Reserve statements make them panic, according to the “Bitfinex Alpha” report latest edition. Short-term Bitcoin holders are investors who have held their positions for less than 155 days. Despite the sell-off by short-term holders, on-chain data reveals that long-term holders are not following suit. The “Long-Term Holder Spending Binary Indicator” indicates that these investors have maintained their positions, signaling a potential shift in market dynamics and a possible resolution to the upside for Bitcoin’s price range. Image: Bitfinex/CryptoQuant…

Renowned X crypto influencer Jack The Rippler thinks the planned Ripple stablecoin (RLUSD) will rule the stablecoin scene. Recently, Jack The Rippler noted in a post that XRP will act as a bridge between stablecoins and other digital currencies, with the US dollar serving as a 1:1 peg for the “high-quality U.S. stablecoin.” In a CNBC interview, Jack The Rippler revealed a brief statement about the forthcoming stablecoin RLUSD from Brad Garlinghouse, CEO of Ripple. Garlinghouse clarified that Ripple’s entry into the stablecoin space is due to the direction of the crypto market. Compared with their present value of between…

The American division of the Binance cryptocurrency exchange, Binance.US, is preparing for a new fight with American regulators. Table of Contents U.S. court allows SEC to continue case against Binance What the experts say Binance’s legal proceedings with American regulators How the lawsuit against Binance affected the crypto market Binance.US released a statement declaring its readiness to continue to fight the U.S. Securities and Exchange Commission (SEC). The platform team recalled that the court ruled that the regulator’s case against Binance.US will be continued. “We were prepared for this and look forward to having this case move forward in the…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. What’s a ‘gamer’? A G-Fuelled teen grinding battle royale victories? A cozy gamer enjoying an indie gem? A commuter playing Candy Crush Saga? The fact is, there’s no single definition. Most people play video games in some way, and they fall into a huge number of categories. Things have changed a whole lot since the original taxonomy of player types was created by Richard Bartle in 1996. You might also like: Gone to hell: Web3 governance can…

Data published by crypto analytics firm Kaiko last week demonstrated some surprises when it came to the rankings of centralized crypto exchanges, as determined by their respective global market shares. Arguably the most recognizable exchange names are Binance and Coinbase, but right now it’s Bybit that is catching attention, as the numbers showed it leapfrogging Coinbase to take the number two spot behind market leader Binance, while also significantly outperforming Binance in terms of market share changes. In detail, Bybit–which is headquartered in Singapore and was founded in 2018–has, from October last year to this June, seen its market share…

In a recent 13F filing with the Securities and Exchange Commission (SEC), UBS Group AG, the Switzerland-based global investment bank and financial services firm, disclosed a substantial holding in the iShares Bitcoin Trust (IBIT), an exchange-traded fund (ETF) managed by BlackRock Inc. The filing, which covers the first quarter of 2024, reveals that UBS Group AG, through its various subsidiaries and institutional investment managers, holds 3,600 shares in IBIT. This investment highlights the growing interest of traditional financial institutions in the crypto space, particularly in Bitcoin. Data from Fintel shows that the holding is valued at $145,692 as of March…

In a few weeks, the Summer Olympics 2024 will begin in Paris and to celebrate the event, the digital pins NFTs of the mascot have been launched on Base. The news was given directly by nWay, the division of Animoca Brands that deals with Web3. 🎉 They’re here, and ready to cheer on the athletes! Own a piece of the Olympic Games with our Paris 2024 Mascot NFT digital pins.Head over to our blog for more details ➡️ https://t.co/2jd5RL5IGA#Paris2024 #Olympics #Paris2024Mascot pic.twitter.com/sTV7aajSVY — nWay (@nWayGames) July 9, 2024 The launch takes place through My Olympic™ Rewards and the Onchain Summer…