Author: NBTC

The U.S. Securities and Exchange Commission (SEC) is apparently asking a New York judge to levy a $2 billion judgment against Ripple Labs, according to social media posts from the crypto company’s CEO and chief legal officer on Monday. The SEC’s motion for judgment and remedies, filed on Friday, remains under seal to outside parties. According to Stuart Alderoty, Ripple Labs’ chief legal officer, redacted versions of the documents will be publicly available by Tuesday, March 26. The judgment would bring an end to this phase of the multi-year legal battle between Ripple Labs and the SEC, which began in…

Radicle, the open-source, peer-to-peer (P2P) code collaboration stack, has announced the launch of Radicle 1.0, according to the information shared with Finbold on March 26. The launch marks a significant milestone in the protocol’s evolution, following its beta debut in late 2020. Radicle 1.0: A decentralized GitHub alternative Radicle 1.0 promises to revolutionize how developers share and distribute open-source code, artificial intelligence (AI) models, and research in general. Marketed as a decentralized alternative to centralized platforms like GitHub and GitLab, Radicle enhances the traditional model with its decentralized identity system, advanced gossip protocol, and integrated social artifacts, forming a self-autonomous,…

Ethereum price is attempting a fresh increase above the $3,500 zone. ETH must clear the $3,680 resistance to continue higher in the near term. Ethereum is gaining pace above the $3,500 support zone. The price is trading above $3,600 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,560 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it settles above the $3,680 resistance zone. Ethereum Price Eyes Steady Increase Ethereum price started a decent increase above the $3,550 resistance zone. ETH bulls were…

Shiba Inu investors could see substantial returns on their investments if they procure $1,000 worth of the asset at current prices before a surge to $0.000938 or $0.00943. The crypto market holds immense promise due to its penchant for sharp price surges. Shiba Inu has in the past leveraged this inherent volatility to make millionaires out of investors. With the asset showing promising signs in recent times, market participants have begun paying attention again. Banking on historical precedence, these investors are awaiting a repetition of the 2021 rally during this bull market as projections of lofty price targets abound. However,…

The highly anticipated civil lawsuit between the U.S. Securities and Exchange Commission (SEC) and Terra (LUNA) altcoin developer Terraform Labs began today in a court in Manhattan. The courtroom was noticeably less crowded than in previous hearings, and all participants wore suits, indicating the seriousness of the case. The day began with jury selection, a process in which each side takes turns vetting potential jurors. The initial pool was comprised predominantly of women, a surprising development attributed to the court clerk’s first day on the job. The final jury consists of three men and six women, mostly minorities. It was…

Web3 gaming firm Illuvium has raised $12 million in a series A funding round with contributions from investors such as Australian venture capital firm King River Capital, Arrington Capital and Animoca Ventures. The funding will be used to develop new games within the Illuvium ecosystem as the firm gears up for its second quarter 2024 gaming releases. 🤝Series A Funding Raise Closed 🎉 We’ve successfully closed our Series A funding, raising $12M from top industry firms! This allows us to expand our game offerings and build on our player experiences. We want to thank our investors: – @Arrington_Cap– @KingRiverVC-… pic.twitter.com/UyKgKV02mJ…

Bitlayer has announced a partnership with Polyhedra, calling it groundbreaking as it enables both of them to set a new standard for Bitcoin L2 solutions. The objective of the partnership is to create a superior Bitcoin layer solution by utilizing Polyhedra’s innovative ZK proof method. More information about the partnership is expected to be rolled out in the coming days. Polyhedra Network has confirmed the announcement by expressing their excitement about the partnership. The team has stated that it is looking forward to working with the first Bitcoin security-equivalent L1 based on BitEVM. The Network has also said that they…

The broader crypto ecosystem is anxious to discover whether or not the United States Securities and Exchange Commission (SEC) will greenlight spot Ethereum Exchange Traded Fund (ETF) products, considering barely a month remains to the final deadline of VanEck’s application. As noted by Bloomberg ETF Analyst Eric Balchunas, the approval odds have now dropped to a “pessimistic 25%.” No applicant-SEC communication According to the market analyst, the communication between the SEC and prospective applicants has been largely nonexistent. Pointing out the lack of engagement and purposeful procrastination, Eric Balchunas noted that the signs are not good. He said there is…

David Schwartz, the Ripple CTO, recently debunked claims Ripple was looking to conceal its sales of XRP from the public, stressing they could easily do that on exchanges if they wanted. Schwartz disclosed this while speaking on X amid discussions surrounding the state of the XRP Ledger. Notably, a community member blamed Ripple for allowing the XRP Ledger to metamorphose into an ecosystem with no financial or on-chain support for infrastructure providers. These comments came on the back of plans from XPUNKS, an XRPL-based NFT project, to pivot to the Solana blockchain. The team behind the Onledger project supported the…

A British computer expert, who inadvertently misplaced a hard drive containing 7,500 bitcoins, has initiated a legal action to compel the Newport City Council to permit him to search through the landfill where the storage device is believed to be buried. Anticipating a further increase in the value of the cryptocurrency, the expert said he only wants to be given the chance to find the lost coins. Hedge Fund Investors Support Howells James Howells, a British computer expert whose ex-partner accidentally discarded a drive containing 7,500 bitcoins (BTC), has initiated a legal action to compel Newport City Council to permit…