Author: NBTC

Dapper Labs, the company behind NBA Top Shot and other prominent on-chain collectibles, has settled a yearslong class action lawsuit with disgruntled customers who argued that Top Shot NFTs constituted illegally offered securities, court filings revealed Monday. As part of the settlement, Dapper will pay out $4 million to the suit’s plaintiffs, the company’s CEO, Roham Gharegozlou, told Decrypt. Those funds include monetary relief for the plaintiffs’ claims, and will also cover legal fees. In return, if the settlement is approved, the plaintiffs will forfeit any future right to claim that Top Shot NFTs are securities, per Gharegozlou. “The settlement…

ETF Store President Nate Geraci expressed uncertainty regarding the timeline for the U.S. Securities and Exchange Commission (SEC) to approve the spot Ethereum ETF registration statement. Nate Geraci: Uncertainty Remains Regarding US SEC Approval of Spot Ethereum ETF While approval is expected in the coming weeks or the next two to three months, the exact timing remains unclear and depends on how long the SEC decides to delay the process. Underlining the unpredictability of the SEC’s actions, Geraci stated that the regulator has the authority to extend the approval period. “It’s just a matter of how long the SEC wants…

Over a year after releasing a branded wallet for Shiba Inu, leading crypto hardware wallet provider Tangem has expanded its payment options to include SHIB. The crypto wallet provider recently announced that customers can now purchase the Tangem Wallet with cryptocurrencies, including Shiba Inu. Buy Tangem Wallet with crypto 🎉 We’re thrilled to announce that we now support payment in selected cryptocurrencies including BTC, USDT, KAS, SOL, and SHIB. 💡You can now buy a crypto cold wallet with your crypto and securely store your assets in it. More details are in our… pic.twitter.com/QEKsbhYX57 — Tangem (@Tangem) April 23, 2024 In…

With artificial intelligence (AI) seemingly destined to become central to everyday digital applications and services, anchoring AI models on public blockchains potentially helps to “establish a permanent provenance trail,” asserted Michael Heinrich, CEO of 0G Labs. According to Heinrich, such a provenance trail enables “ex-post or real-time monitoring analysis” to detect any tampering, injection of bias, or use of problematic data during AI model training. Anchoring AI on Blockchain Aids in Fostering Public Trust In his detailed responses to questions from Bitcoin.com News, Heinrich—a poet and software engineer—argued that anchoring AI models in this way helps maintain their integrity and…

A closely followed crypto trader is warning that the digital asset market may be overheated and lacking new liquidity. Pseudonymous trader The Flow Horse tells his 209,800 followers on the social media platform X that the crypto market may decline while heading into the halving event when Bitcoin (BTC) miners’ rewards are cut in half. The halving event is expected around April 20th. “Quick thoughts: the closer we get to halving the more likely I am to reduce some risk for a short period of time. Almost everyone is staring at this structure waiting for the same move, which often…

Pepe (PEPE) has recorded an impressive price surge over the past day amid inflated whale activity. PEPE is up by 18.5% in the past 24 hours and is trading at $0.0000080 at the time of writing. The meme coin’s market cap increased to $3.31 billion, making it the 37th-largest digital asset at the reporting time. PEPE price, RSI, whale activity and exchange activity – April 24 | Source: Santiment Moreover, the PEPE daily trading volume rallied by 62%, reaching $1.64 billion. Data shows that 46.8% of the meme coin’s trading activity, over $768 million, comes from the Binance crypto exchange.…

In the rapidly evolving world of blockchain technology, MultiversX is a pioneering force driving innovation and scalability. At the helm of this groundbreaking project is Beniamin Mincu, CEO and Co-founder of MultiversX. A prominent figure in the Web3 space, Beniamin’s vision and leadership have positioned MultiversX as a top-tier Layer 1 blockchain solution, renowned for its state sharding technology, robust security features, and energy-efficient operations. With a mission to empower entrepreneurs, developers, enterprises, and government officials, MultiversX is focused on creating a transparent and collaborative framework that fosters radical innovation. The platform’s impressive capacity of handling 263,000 transactions per second…

A recently published report by Glassnode, one of the most prestigious analysis companies in the cryptocurrency world, revealed that Bitcoin reaching an all-time high in March led to an increase in profit taking by long-term wallets. However, according to analysts, this activity has started to decrease in recent weeks. “Typically, profit taking by long-term wallets tends to increase at all-time highs, but this has been tapering off in recent weeks,” the Glassnode Insights report published today said. The report also analyzed the asset balance between long-term Bitcoin wallets and new demand. It has been suggested that the current market is…

The expected launches of spot ether ETFs wouldn’t be as successful as bitcoin funds, industry watchers say, as educating investors may be a taller task this time around. Plus, the proposed ETFs are set to leave out one of ETH’s more attractive attributes. On the latter point, issuers disclosed last week that the proposed funds would not stake their ETH holdings. While the Securities and Exchange Commission approved 19b-4 proposals from the exchanges on which these funds would list, it could be weeks or months before the ETFs are able to launch. Read more: Digesting the ETH ETF decision: What…

The BNB Foundation officially announced the successful completion of the 27th quarterly BNB token burn by BNB Chain, marking another milestone in the ongoing efforts to reduce the circulating supply of the token. BNB Foundation Completes 27th Quarterly Token Burn Here are the important details from the final cremation: Automatic Burn (Total BNB burned): 1,944,452.51 BNB Approximate value in US dollars at the time of burning: US$1.17 billion Transaction ID (TXID) for BNB burning: (Link not provided for privacy and security reasons) BNB is the native cryptocurrency of the BNB Chain ecosystem and powers various functions on platforms such as…