Author: NBTC

A judge in Texas has set an expedited schedule for the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ethereum developer Consensys. The legal proceedings are expected to take place between July 29 and November 26, suggesting a decision could be reached in late 2024 or early 2025. Judge O’Connor agreed to consider the merits of the case on an expedited timetable. The key question at hand is whether the SEC has Congressional authority to regulate MetaMask, a product of Consensys, as a securities dealer and issuer. This situation was announced by Consensys’ lawyer Bill Hughes on a social media…

Binance has completed the merger of three prominent AI tokens – Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) – into a single token under the banner, Artificial Superintelligence Alliance. This move, aimed at fostering innovation in AI and blockchain technology, allows users to deposit and withdraw the unified FET token and streamlines the operations of these formerly separate projects. “Binance has completed the OCEAN and AGIX token merge to FET using the new project name Artificial Superintelligence Alliance. Deposits and withdrawals for the FET tokens are now open.” According to the announcement, users can convert OCEAN and AGIX tokens…

Bitcoin recently reached a significant milestone when its price surged past $66,000, driven by several macroeconomic conditions and changing investor sentiment. This article examines the causes of this impressive rally and considers its wider implications for the cryptocurrency market. Economic Indicators Fuel Bitcoin’s Ascent The renewed vigor in the Bitcoin market has notably been contributed by a drop in core inflation to a three-year low of 3.4%, indicated by the latest U.S. Consumer Price Index data. Assets like Bitcoin act as a hedge against economic uncertainty, and investors have loved them historically during lower inflation rates. Bitfinex analysts explained, “Investors…

Ethereum maintains its price above $3,400 and appears poised for a significant rally as analyst Ali Martinez predicts an imminent surge. Over the past 24 hours, Ethereum’s (ETH) price has increased by 2.9% to trade at $3,485 amid a 66% surge in daily trading volume to $9.7 billion. Analyst Matinez Predicts A surge in ETH Price The recent rise in Ethereum’s price aligns with analyst Martinez’s observations on X. He notes that the TD Sequential indicator has signaled a buy on Ethereum’s 3-day chart. This tool, which helps pinpoint trend exhaustion and potential price reversals, suggests a bullish turnaround for…

Telegram founder Pavel Durov recently celebrated the success of Notcoin, further fueling the ongoing NOT price rally. Durov revealed that NOT tokens donated by Notcoin’s developers grew in value four times within two weeks. The assets in his account, initially worth $6.8 million, have now surged to almost $25 million. Durov Pumps Notcoin Once Again Notcoin is a notorious Web3 game based on The Open Network (TON), functioning as a mini-app within Telegram. In just a few months, the project attracted over 35 million users. On May 16, it launched the long-awaited NOT token, and the asset’s market cap has…

Binance CEO Richard Teng and BinanceTR CEO Mücahit Dönmez made a statement about the cryptocurrency regulations that came into force in Turkey. “The approval of a new legal framework for cryptocurrencies and cryptoasset service providers in Turkey is a positive step for our industry,” said Richard Teng and added: “As Binance, we closely follow regulatory developments in Turkey and beyond. “We strongly support these developments and will continue to cooperate with regulators to promote a safe, compliant crypto ecosystem for users.” Mücahit Dönmez stated that Turkey has consolidated its position as a dynamic hub for the crypto asset industry in…

Trade Republic and justTRADE have formed a partnership with Franklin Templeton to offer ETFs on the platforms in Germany and Austria. ETF Stream reported the news a couple of days ago. Thanks to this partnership, users of the Republic and justTRADE platforms will be able to trade the entire range of Franklin Templeton ETFs. The ETFs of Franklin Templeton land in Germany thanks to the partnership with Trade Republic Trade Republic ETF in Germany: The partnership between Trade Republic and Franklin Templeton The comment The crypto ETF market The ETFs of Franklin Templeton land in Germany thanks to the partnership…

Assisterr took home two prizes at BeWater’s recent AI Crypto Hackathon – the US $2,000 Neo Bounty and the $5,000 first prize in the Tokenized AI and Incentives track. Assisterr’s AI solution was deployed on the Neo X EVM sidechain TestNet. Assisterr is a University of Cambridge-based startup establishing a network of community-owned small language models. The team seeks to enable communities to collaborate and aggregate their expertise in niche subjects by developing, deploying, and monetizing SLMs. To monetize SLMs, Assisterr will distribute its native ASSR token to entities that contribute to the ecosystem by sharing data. Nick Havryliak, Assisterr…

Bitcoin (BTC) price invalidated the recent daily downtrend on Wednesday after briefly rallying above $66k. The flagship coin pumped more than 6.6 percent in the past 24 hours to trade around $65,972 on Thursday during the early Asian session. The sudden Bitcoin price pump that significantly influenced the majority of the altcoins was triggered by US inflation data, the Consumer Price Index (CPI), which came in lower than expected every month. Bitcoin Follows Major Stock Indexes The recent Bitcoin price pump has mirrored major global stock indexes, led by the S&P 500, which rallied to a new all-time high in…

Ethereum, the leading smart contract layer-1 blockchain, has gained 3.2% in the past 24 hours. ETH touched its intraday high of $3,514 earlier today and is currently trading for $3,488. Derivative traders getting liquidated appears to be the key factor for this upswing in the Ethereum price. A total of $20.4 million worth of ETH shorts were liquidated in the past 24 hours, which far outweighs the $1.87 million worth of ETH longs were liquidated during the same period, according to derivatives analytics platform Coinglass. A short is a derivative contract that traders use to be against the price of…