Author: NBTC

Prometheum has fallen several weeks behind the date it said the business would open for crypto custody, and its CEO said the company is trying to finish technology related to its wallet system before launching. The firm has said it’ll begin holding crypto securities for clients before starting its trading operations. Much of the crypto sector has been apprehensive about the ribbon cutting on Prometheum’s custody and trading operations, which the firm said will fully comply with U.S. Securities and Exchange Commission (SEC) demands. The doors have so far stayed shut well past the target date, but the company explained…

Saakuru Labs and Orochi Network have unveiled an exciting collaboration aimed at revolutionizing the blockchain landscape. By joining forces, these two industry leaders are set to enhance the Saakuru Protocol with cutting-edge oracle services provided by Orochi Network. https://t.co/mUHrxO4fBL — Saakuru Protocol – 🫂 discover #Web3 potential (@saakuru_labs) May 11, 2024 Saakuru Protocol Empowers Developers with High-Quality Oracle Services The partnership between Saakuru Labs and Orochi Network is poised to amplify the functionality and capabilities of the Saakuru Protocol. The collaboration will offer developers seamless access to high-quality oracle services. This integration is a significant step forward in simplifying and…

Bitcoin (BTC) completed its fourth halving event, leaving the market anticipating whether this milestone will live up to its historical significance as a bullish anchor moment. To gain insights into how Bitcoin is likely to trade post-halving, Finbold consulted the Claude 3 Opus artificial intelligence (AI) model from Anthropic, which is viewed as a superior tool compared to OpenAI’s ChatGPT. Drawing from historical data and the observed effects of previous halvings, Claude AI’s analysis suggested that Bitcoin is poised for substantial price appreciation in the aftermath of this latest event. For instance, the tool pointed out that following the May…

Banking giant Toronto Dominion (TD) is preparing to pay nearly half a billion dollars in penalties over an inadequate anti-money laundering (AML) program. In an announcement, TD says it has set aside an initial provision of $450 million to pay the US government over an AML program that was “insufficient to effectively monitor, detect, report, and respond to suspicious activity.” According to the announcement from TD, the bank is in ongoing discussions with three US regulators, plus the U.S. Department of Justice (DOJ). TD says it expects more monetary penalties and that the initial provision does not “reflect the final…

In a year full of global elections, the crypto industry remains expectant and critical of every candidate’s stance on cryptocurrencies. The US presidential elections could pose a turning point for regulations and adoption that could affect the industry worldwide. On Wednesday, Donald Trump, former US president and Republican candidate, stated his support for the industry and criticized Biden’s administration for its stance on digital assets. MAGA (TRUMP), the Trump-inspired memecoin, saw its price skyrocket 63% in the following hours. Trump’s Stance On Crypto The Republican candidate held a gathering on Wednesday at his Mar-a-Lago resort in Palm Beach, Florida. Holders…

The U.S. SEC has continued its crypto crackdown this year, but the agency’s current leverage may also be its biggest weakness in months to come. In addition to ongoing litigation against firms like Coinbase and Ripple, Gary Gensler and the U.S. SEC have issued Wells notices against Uniswap, Consensys, and Robinhood for alleged violations. The intention to sue pertains to broad cryptocurrency services offered by the three firms, but a specific purview revolves around the second-largest blockchain asset, Ethereum (ETH). “Given the regulator’s overall stance of viewing most cryptocurrencies as securities, platforms such as Uniswap, despite its decentralized nature, can…

Nimble Network, a prominent decentralized artificial intelligence orchestration layer, has recently begun a new partnership. According to the company, it has joined forces with TARS Protocol, an AI-powered scalable modular infrastructure forum for Web3, to enable matchless Web3 integration. The platform took to X to announce the latest development. 🎉Excited to announce Nimble’s latest partnership with @tarsprotocol! Together, @Nimble_Network and TARS Protocol join forces to pave the way for seamless integration into Web3, accelerating Web3 adoption with AI-powered solutions, and leveraging advanced AI technologies. pic.twitter.com/31AxkqFnHy — Nimble Network (@Nimble_Network) May 11, 2024 Nimble Network and TARS Protocol Join Forces to…

In a recent analysis shared on social media platform X, a popular crypto analyst known as “ecoinometrics” offered an intriguing forecast for Bitcoin’s price following its current (fourth) halving event, which occurred on 20 April 2024. HISTORY: THE 4TH #BITCOIN HALVING HAS OFFICIALLY HAPPENED pic.twitter.com/cwZGpky6DF — Rizzo (@pete_rizzo_) April 20, 2024 Understanding this prediction requires some background on key concepts related to Bitcoin’s economic model. Bitcoin Halving Explained: Bitcoin halving is a significant event that occurs approximately every four years, where the reward for mining new blocks is halved, meaning miners receive 50% fewer bitcoins for verifying transactions. This mechanism…

What is perhaps the most-hyped crypto airdrop ever is set to kick off on Friday, but not necessarily with the kind of enthusiasm that its builders may have hoped for. EigenLayer, a restaking platform on Ethereum, accrued $16 billion worth of crypto deposits within its first year of opening up to users – even prior to its official launch last month. When most of that money came in, the project was little more than a glorified blockchain wallet on the Ethereum blockchain – a non-functional lockbox that dangled the prospect of future rewards but didn’t yet have any actual features.…

Main Takeaways Binance has hosted a tailored training session for El Salvador law enforcement including representatives from the Financial Investigation Unit, National Digital Assets Commission, and Office of the Attorney General, offering insight into its tools and support mechanisms for local crime investigations. The training addressed the use of Kodex, a system facilitating communication between companies and law enforcement, and provided best practices for leveraging the intelligence provided by Binance. Binance’s global Law Enforcement Training Program is the cornerstone of our efforts to advance collaborative security in the digital-asset space. Continuing to expand this effort in Latin America, we have…