Author: NBTC

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Monday sanctioned 13 entities alongside two unnamed individuals for building crypto services to potentially help Russian nationals evade sanctions. Many of those sanctioned offered services or facilitated transactions to assist other designated entities in dodging sanctions, OFAC said in a statement. “Russia is increasingly turning to alternative payment mechanisms to circumvent US sanctions and continue to fund its war against Ukraine,” said Brian E. Nelson, Under Secretary of Terrorism and Financial Intelligence. Nelson added that the Treasury will keep exposing and disrupting companies that enable sanctioned Russian…

The NEAR Foundation, the non-profit behind the layer-1 NEAR Protocol, announced that the protocol now supports chain signatures, offering users multichain access from their NEAR account. The chain signatures network is secured in part by Eigenlayer, which joins NEAR as a launch partner, according to a press release. Eigenlayer is a restaking project built on Ethereum. “Since day one, the NEAR ecosystem has focused on simplifying access to Web3 for developers and mainstream users,” said Illia Polosukhin, co-founder of NEAR. “Chain Signatures is the next step in that journey, making it significantly easier to transact on any blockchain while also…

The Metaverse needs a better definition for it to work properly, Vitalik Buterin said at the BUIDL Asia conference in Seoul. People associate the metaverse with VR, but there’s more to it than that. Ethereum’s Vitalik Buterin says that Metaverse isn’t what we think it is. The Metaverse is broadly understood as a virtual decentralized world with immersive social settings and experiences that utilize avatars, virtual reality (VR), and augmented reality (AR) technologies, with blockchain technology being the tie that binds this all together. “The Metaverse is poorly defined and often seen more as a brand name than a product.…

ChainGPT and Polygon Labs team up to revolutionize NFT creation with AI technology and scalable blockchain integration. Interest in NFTs is surging again as the crypto market stabilizes and innovative solutions emerge. ChainGPT and Polygon Labs have announced a strategic partnership to streamline and democratize NFT creation by integrating artificial intelligence (AI) technology with a robust blockchain infrastructure. The integration of its AI NFT Generator with the Polygon blockchain has made on-chain minting and seamless AI-powered NFT creation possible. This partnership leverages Polygon’s efficient framework to streamline the entire NFT creation process from start to finish, addressing the current infrastructure…

Ethereum (ETH) price bounced back this week from the lows of $3,100, reigniting hopes of new highs for the altcoin. However, the inclination of ETH investors toward realizing profits might impede this process. Ethereum Price Rise Warrants Restraint From Investors Ethereum’s price increased to $3,642 at the time of writing, and in doing so, it brought investors back on the network. However, their actions are not in line with the expectations. The transfer of ETH from one address to the other shows that the current price is higher than the last price. This signals the fact that the supply held…

CCData has released the March 2024 edition of its “Stablecoins & CBDCs Report.” CCData is a leading company specializing in digital asset data and index solutions. They collect and aggregate vast amounts of pricing data on cryptocurrencies from various exchanges and sources, meticulously cleaning and standardizing it for use by institutions and retail investors. CCData also develops and calculates cryptocurrency indices that track the performance of specific segments of the digital asset market, often used as benchmarks for financial products like ETFs. They provide an API that allows developers and institutions to access accurate, real-time cryptocurrency market data, enabling the…

The U.S. Securities and Exchange Commission (SEC) has filed its opening remedies brief in the public docket today, seeking Ripple to pay $2 billion for violations of securities laws. The regulator first filed the brief under seal on March 22. However, the motion was sealed for nearly four days as the parties deliberated on the necessary redactions. The latest development was shared by seasoned crypto lawyer James K. Filan in a tweet today. #XRPCommunity #SECGov v. #Ripple #XRP The @SECGov has filed its Motion for Remedies and Entry of Final Judgment, its Memorandum of Law in Support of that Motion,…

Ethereum price is showing positive signs above the $3,550 zone. ETH must clear the $3,680 resistance to continue higher in the near term. Ethereum started another increase above the $3,550 resistance zone. The price is trading above $3,550 and the 100-hourly Simple Moving Average. There is a major bullish trend line forming with support at $3,590 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 Remains In Uptrend Ethereum price started another increase above the $3,500 resistance zone. ETH bulls were able to…

With the majority of assets in the cryptocurrency market appearing to resume their increases after a brief trend reversal, Cardano (ADA) is no exception, and the eighth-largest crypto by market capitalization is also recording steady growth elsewhere – in the number of crypto wallets on its blockchain. Specifically, the number of wallets on the Cardano network reached 4,651,150 on March 20, which represents an increase of 3.75% from the figure of 4,483,116 where it stood on January 1, according to the Cardano Blockchain Insights data retrieved on March 21. 2,100 ADA addresses added a day Specifically, these figures mean that…

A legal commentary from U.S.-based attorney Fred Rispoli asserts that the discounted sales from Ripple to institutional buyers could be the reason behind the low price of XRP. Rispoli made these remarks while speaking on the latest development surrounding the long-standing Ripple vs. SEC lawsuit. For context, the U.S. SEC recently filed its motion seeking a remedies package from Ripple for its breach of securities laws with regard to XRP sales to institutional investors. SEC Seeks $2 Billion from Ripple The securities regulator is asking the court to impose a $2 billion fine on Ripple as a remedy for this…