Author: NBTC

The Ripple CLO Stuart Alderoty highlights the SEC’s latest legal woes that could have far-reaching implications for the ongoing Ripple lawsuit. Court Denies SEC Petition Notably, the U.S. SEC’s recent defeat came up in the commission’s lawsuit against Aaron Govil. In a recent development, the Second Circuit Court of Appeals declined to review its decision in the Govil case. The court decision held that the SEC cannot claim disgorgement from an issuer or seller if the buyer did not incur economic losses. It is noteworthy that the Second Circuit first issued the decision last year. Not satisfied with the decision,…

The crypto “spending index” of Crypto.com’s card grew 29% on a year-over-year basis, a report by the exchange and Visa revealed. The most significant growth was observed in information and communication expenditures, which increased by 22%. Overseas spending followed closely, increasing by 21%, indicative of a rebound in consumer confidence and market revitalization post-pandemic. Conversely, spending on housing and household-related expenses saw a notable decline of 18%. Despite this, grocery shopping remained the predominant spending category, capturing 62% of the total volume in 2023, a stark increase from 36% in the previous year. Crypto.com Visa card usage grows 29% in…

Bitfinex Securities is issuing a tokenized debt offering to fund the construction of a new Hampton by Hilton hotel at El Salvador International Airport, according to an April 11 statement shared with CryptoSlate. The tokenized debt offering is the first of its kind in the Central American country, seeking to raise $6.25 million. The short-term debt has a 10% coupon over a 5-year term, and the minimum investment is $1000. According to the statement, the hotel complex will be a 4,484-square-meter facility with 80 rooms, five commercial spaces, and other amenities across five levels. Details Bitfinex Securities partnered with Inversiones…

According to Michaël van de Poppe, CEO of MN Trading, bullish sentiment for Bitcoin is close to exhaustion, as BTC’s current price has factored in nearly all approaching bullish events. The crypto trading expert believes that, as a result, Bitcoin’s price is more prone to dropping, with any slight bearish event impacting it significantly. In a recently uploaded video, Poppe noted Bitcoin is embarking on a “harsh correction” that may take weeks to complete before consolidating. He thinks Bitcoin retains its pre-halving momentum but will display heightened dynamism in its price movement in the medium term. The renowned analyst explained…

Shakeeb Ahmed, a security engineer who stole over $12 million from two different decentralized cryptocurrency exchanges (DEXs) built on Solana, was sentenced to three years in prison and three years of supervised release by a federal judge on Friday. Ahmed was arrested last year on wire fraud and money laundering charges, after federal officials alleged he stole $9 million from a DEX built on Solana – which appears to be Crema Finance. He pleaded guilty to one count of computer fraud in December. He will also forfeit $12.3 million and pay $5 million in restitution as part of his sentence.…

Tether, the famous company that issues and manages the world’s leading stablecoin (USDT), has launched the so-called Blockchain Education Initiative in the Philippines. Tether and @coinsph Collaborate on #Bitcoin & Blockchain Education Initiative in the Philippines 🇵🇭https://t.co/5Oeult4FTJ — Tether (@Tether_to) April 10, 2024 The initiative is organized in collaboration with the Filipino crypto exchange Coins.ph. The Blockchain Education Initiative, an initiative signed by Tether Tether and the Philippines The comment of the two CEOs The Philippines and cryptocurrencies: Tether drives innovation with the Blockchain Education Initiative The Blockchain Education Initiative, an initiative signed by Tether The Blockchain Education Initiative aims…

The future of Bitcoin (BTC) is closely tied to spot Bitcoin ETF inflows in the United States, according to a recent report from cryptocurrency analysis firm 10X Research. The firm noted that these ETFs recorded record inflows last week. However, a decrease in demand in the coming days may trigger a downward trend in Bitcoin’s price. Bitcoin price, which has found short-term support and stabilized at $67,000, faces a “real test” next Monday and Tuesday, according to the analyst. 10X founder Markus Thielen suggests that the ongoing correction in Bitcoin price could continue if ETF inflows disappoint. “Although this is…

Globally, the regulatory landscape for the financial technology sector is becoming increasingly stringent. This has led to the development of intricate legal structures governing the operations of entities such as crypto asset service providers (CASPs), cryptocurrency exchanges, investment firms, forex brokers, banks, and other financial players, especially in Europe. Europe’s evolving crypto regulatory landscape The regulatory landscape for crypto assets in Europe has undergone significant changes, with the introduction of new frameworks aimed at enhancing consumer protection, financial stability, and innovation. One key development was the Markets in Crypto-Assets Regulation (MiCA), which aims to create a comprehensive regulatory framework for…

In a noteworthy advancement within the blockchain realm, OKX, a prominent web3 technology enterprise, has emerged as the latest validator on the Chiliz Chain. This collaboration unfolds a new chapter in blockchain innovation tailored specifically for the sports and entertainment sector. By integrating OKX as a validator, the Chiliz Chain fortifies its governance, security, and scalability, thereby augmenting the development and execution of smart contracts while ensuring robust transaction verification processes. We’re excited to announce @OKX joins Chiliz Chain as validator node. 🌶️Read all about our collaboration here 👇https://t.co/4hGaeiN1hn#ChilizChain ⚡ $CHZ — Chiliz ($CHZ) – The Sports Blockchain ⚽🏆 (@Chiliz)…

Bitcoin’s ($BTC) price is currently below the price level of $69,000. The prominent crypto token witnessed the closure of the recent weekly candle thereof at up to $68,350. For a greater push this week, it was expected from the coin to close the previous week above the $69,000 crucial mark. The latest statistics have pointed out that the crypto token has an optimistic outlook if it fulfils certain conditions. March 18: $BTC Exclusive Chart- Weekly:Bitcoin price still waiting for weekly Breakout above $69k. Bitcoin closedits weekly candle at $68,352.As we shared many times that if Bitcoin will close its weekly…