Author: NBTC

On June 20, 2024, Dave Ripley, CEO of Kraken, appeared on CNBC’s “Squawk Box” to discuss the state of the cryptocurrency market, Kraken’s regulatory battles with the U.S. SEC, and the overall regulatory outlook for the industry. Below is a comprehensive summary of the key points discussed during the interview. State of the Crypto Market Ripley noted the significant improvement in the crypto market compared to the previous year. He highlighted the rise in Bitcoin prices and the overall positive sentiment in the market. Ripley said that Kraken has seen substantial success throughout the year due to the market’s strong…

Exaion joins Cronos as a validator three months after doing the same on Chiliz Chain. Validators maintain the operation and security of a blockchain network by authorizing smart contracts and verifying transactions. A subsidiary of France’s state-owned energy company EDF has become a validator on Cronos, the blockchain network developed by crypto exchange Crypto.com just months after doing the same on Chiliz Chain. Exaion, which helps industries with digital transformation by focusing on addressing the energy efficiency of data centers, joins a pool of 32 validators on Cronos’ open-source Ethereum Virtual Machine (EVM) protocol. Cronos EVM interoperates with Ethereum and…

Michael Saylor, the head of MicroStrategy and a well-known advocate for Bitcoin, recently highlighted a significant milestone in the cryptocurrency world. According to Saylor, spot Bitcoin ETFs now collectively hold approximately 1 Nakamoto of Bitcoin, a symbolic reference to 1 million BTC. This milestone was reached just over four months after the inception of Bitcoin ETFs on Jan. 10 this year. Thus, more than four months later, the volume of accumulated Bitcoin issuers has exceeded the 1 million BTC mark. It is that mark that Saylor referred to as 1 Nakamoto. The fact is that, according to unconfirmed data, Satoshi…

A civil lawsuit on a securities claim against Ripple CEO Brad Garlinghouse will proceed to trial in California. A judge dismissed several other claims made in the lawsuit. A California judge has ruled that a civil securities lawsuit against Ripple will proceed to trial, denying in part the crypto firm’s motion for summary judgment in a suit alleging that Ripple’s CEO violated state securities laws in 2017. A jury will hear arguments on whether Ripple CEO Brad Garlinghouse made “misleading statements” in connection with the sale of securities in a 2017 televised interview. The other four claims in the class…

1KIN Labs is a pioneering force in the Web3 gaming landscape, bridging the gap between decentralized gaming platforms and traditional gaming experiences. Founded with a vision to unify the fragmented world of Web3 gaming, 1KIN Labs has swiftly emerged as a central hub for discovering, accessing, and enjoying a diverse array of blockchain-based games. 1KIN Labs fosters a growing and interoperable gaming ecosystem, leveraging a next-generation platform that connects gamers with some of the world’s best decentralized, community-driven titles. Offering nearly infinite possibilities, a top-tier catalog, early game access opportunities, and tangible rewards, 1KIN Labs allows players to manage their…

Vitalik Buterin recently pointed out a significant change in the cryptocurrency market compared to the industry back in 2018-2019. Although many practical aspects have evolved, some fundamental principles remain constant. Buterin noted that the revolutionary and idealistic visions of blockchain are still alive in response to Joe Weisenthal’s observation regarding the change in crypto culture. Weisenthal pointed out that, in the past, the cryptocurrency community had placed more emphasis on ideas like open internet governance, universal basic income (UBI) and blockchain democracy. As of today, most crypto projects are related to memes or community developments for commercial gain. In response,…

Bitcoin enthusiast on the X platform @pete_rizzo_ has published a thread in which he revealed the story of Laszlo Hanyecz – the guy who made the legendary pizza purchase on what is now known as Bitcoin Pizza day – and his collaboration with the legendary mysterious figure of Satoshi Nakamoto, while the latter was busy creating BTC. Hanyecz was not just a random IT developer who decided to use Bitcoin to buy a pizza. He was a member of Satoshi’s OG developer team and left his trace in Bitcoin mining. Hanyecz discussing ideas on Bitcoin with Satoshi Fourteen years ago,…

Industry giant BAYC is reportedly on the verge of collapse. This comes after BAYC declined from 150Ξ to 8Ξ. A total of two factors have been identified as core reasons behind this decline: minting at a bonding curve price and the departure of Gordon Goner, the original founder of the NFT collection. BAYC sold out all its 10,000 units in May 2021. Every unit went out for 0.08Ξ. The unique monitoring process was necessary because minting NFTs at the end was becoming increasingly costly. BAYC decided to rectify that by introducing a fixed mint price. Thereby, reinforcing the 10K model.…

In the cryptocurrency social market, certain projects have been gaining attention. Currently, their indicators show an increase in the number of social messages in the last 24 hours. Social volume, as referred to, is the level of conversation or mentions any project related to cryptocurrency gains on social media. A higher social volume can be a sign of increasing investiture from the community as they engage and intermingle more. During the last 24 hours, $DUSK has been leading the altcoin market with its highest number of social media mentions. Dusk Network ($DUSK) and Sora ($XOR) Among Top Social Volume Gainers…

A recent Bloomberg report has revealed that Montenegro’s Prime Minister, Milojko Spajic, personally invested in Terraform Labs years before the company’s collapse. The discovery has raised concerns regarding the founder’s choice to flee prosecution by seeking refuge in the same nation. The founder of Terraform Labs, Do Kwon, was detained in Montenegro in March 2023 and is currently facing extradition demands from the US and South Korea. Opposition Calls For Resignation According to Bloomberg, Milojko Spajic has claimed that the investment was made by Singapore-based company Das Capital SG, in which he was a partner. However, the independent Montenegrin newspaper…