Author: NBTC

The U.S. Supreme Court ruled Thursday to strip the U.S. Securities and Exchange Commission (SEC) of one of its key enforcement processes, deciding in a 6-3 vote that the federal agency’s use of in-house judges is a violation of the constitutional right to a jury trial. In the past, the SEC has sometimes used an internal process presided over by administrative law judges, rather than suing in federal court, to handle civil securities fraud accusations and levy financial penalties. The SEC’s ability to handle matters internally was granted in 2010 by the passage of the Dodd-Frank Act in response to…

Binance Futures announced the launch of a new CRV perpetual contract with USDC margin to diversify trading options and improve user experience. The contract will go live on July 4, 2024 at 10:00 AM and will offer up to 25x leverage. Binance Futures to Launch USDC-Margined CRV Perpetual Contract with Up to 25x Leverage The launch of the CRVUSDC Perpetual Contract aims to provide traders with more options and opportunities on the Binance Futures platform. However, Binance has stated that it may adjust contract features depending on market risk conditions. Possible adjustments may include changes to the funding fee, tick…

In the intricate world of cryptocurrency, not all algorithms are forged equal. The proof-of-work (PoW) consensus algorithms like Kheavyhash, Scrypt, Blake3, SHA-256, and Ethash are the linchpins that not only secure but also empower the blockchain with the integrity and trust that underpin several of today’s leading digital currencies. Understanding Proof-of-Work and Its Variants Proof-of-work (PoW) stands as the original sentinel of blockchain technology, requiring miners to dedicate significant computational power in order to validate transactions and create new blocks. This system not only secures the network but also ensures a decentralized process of mining. Different algorithms under the PoW…

Spot Bitcoin exchange-traded funds (ETFs) in the US registered $1.3 billion in inflows over the past two weeks, shared Bloomberg ETF analyst Eric Balchunas on X. This was enough to recover completely from April’s net outflows of over $343 million. The Bitcoin ETFs traded in the US now hold more than $12.3 billion under management, which Balchunas considers a key number for considering inflows and outflows. The bitcoin ETFs have put together a solid two weeks with $1.3b in inflows, which offsets the entirety of the negative flows in April- putting them back around high water mark of +$12.3b net…

With the launch of Ethereum spot ETFs on the horizon, industry insiders are pointing to a potential launch date before July 4th. The imminent launch follows VankEck’s form 8-A filing, which Bloomberg Intelligence analyst Eric Balchunas called a “good sign” for a July 2 launch. Lekker Capital’s Quinn Thompson suggests that the current bearish sentiment among crypto investors could be a bullish indicator. In a recent post, Thompson predicted a calm period when sellers tire out, followed by a “slap in the face” moment when they realize their outlook is too bearish. This could be triggered by positive spot ETH…

SnowBridge, a trustless cross-chain bridge designed to link Polkadot with Ethereum, is seeking approximately $6 million in DOT tokens funding from the Polkadot community. The firm’s proposal stated that the funds are intended to ensure Snowbridge’s long-term success, align the team’s incentives with the Polkadot community, and provide financial guarantees for the bridge’s users. Treasury proposal According to the proposal, SnowBridge is seeking 999,568 DOT, equivalent to $5,797,500. The fund includes an immediate payment of 191,379 DOT (approximately $1.2m) and a two-year vesting of 323,275 DOT (nearly $1.9 million). Additionally, 161,637 DOT ($937,500) will be paid out over three months.…

Moonbeam operates as a Polkadot parachain and is designed to be Ethereum Virtual Machine (EVM) compatible. Its native token, Glimmer (GLMR), serves multiple roles including governance, transaction fee payments, liquidity rewards, and staking. The platform is substrate-based and aims to simplify the use of popular Ethereum developer tools for Substrate-based environments. Contents hide 1 What is Moonbeam? 2 How Does Glimmer Coin Work? 3 Key Features of Moonbeam What is Moonbeam? Moonbeam is an Ethereum-compatible smart contract parachain functioning within the Polkadot ecosystem. It enables developers to employ familiar Ethereum tools to create or redeploy Solidity projects. The platform goes…

The European Banking Authority (EBA) plans to finalize its monitoring framework for stablecoin issuers by the end of this month, Coindesk reported. This development aligns with MiCA’s broader regulations, which provide strict caps on transaction volumes and values. Specifically, stablecoins are prohibited from facilitating more than 1 million transactions or exceeding daily transaction values of 200 million euros. The EBA is expected to release a detailed report clarifying how it will measure transaction volumes. Preliminary consultations suggest that transactions involving parties outside the EU may be excluded from the cap calculations. However, transactions with at least one party within the…

Conio e Mesh launch the first Open Banking for Bitcoin in Europe: thanks to PayPal’s investments, Bitcoin wallets will now be directly connected to the main crypto exchanges. In particular, this innovation will offer centralized access to the world of cryptocurrencies for over 430,000 Conio customers. Let’s see all the details below. Centralized access to the crypto world thanks to PayPal: direct connection to exchanges through wallets The objectives of the progetto Some statements regarding the new partnership Centralized access to the crypto world thanks to PayPal: direct connection to exchanges through wallets As anticipated, Conio, an Italian fintech supported…

Rusty Russell, lead Lightning developer for Blockstream, is spearheading an ambitious initiative known as the Bitcoin script restoration project. This effort aims to restore and expand the functionality of Bitcoin’s script language, which was significantly limited in the early days of Bitcoin due to security concerns. In a recent interview with Bitcoin Magazine, Russell elaborated on the project’s goals and the potential it holds for the future of Bitcoin. Rusty Russell and the Great Bitcoin Script Restoration Project (22:45) A Look Back: Why OpCodes Were Disabled When Bitcoin was first launched, its script language included a variety of operational codes…