Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Legal Experts Think Ripple Will Lose This Case Against SEC

Two pro-XRP attorneys speculate that Ripple will lose its motion to strike testimony provided by Andrea Fox, an accountant with the SEC’s Enforcement Division. Attorneys Bill Morgan and Jeremy Hogan made this known while reacting to Ripple’s reply brief to the SEC’s opposition to the motion to strike. Motion to Strike Fox Declaration For context, Ripple filed its reply brief yesterday to further support its April 22 motion to strike expert materials submitted by the SEC. Notably, the SEC included Fox’s declaration in its remedies-related opening brief in March, aiming to strengthen its case for an injunction and punitive penalty.…

LegalMay 7

Ubisoft’s Upcoming Web3 Game Is A Defining Moment For The Future Of Video Games

Web3 gaming has often been hailed as a “game-changer” for the video games industry, yet to date very few blockchain games have made their presence felt. But that could be about to change, as the legendary developer Ubisoft – creator of Ghost Recon, Assassin’s Creed and other hit titles – has just released a gameplay trailer of its first-ever blockchain-based game, Champion Tactics: Grimoria. Will the announcement at Paris Blockchain Week sets the stage for a potential breakthrough that leads to the first generation of true AAA games making their way to the blockchain? In the video games industry, the…

GameFiMay 7

Bit Rivals and Telos Partner to Improve Platform Integrations for RIVAL Launch

Bit Rivals, a famous AI-driven multi-chain platform for game analytics and rewards, has recently announced its latest partnership. It brought to the front that it is collaborating with Telos, a high-speed blockchain ecosystem for smart contracts and decentralized applications, to improve its platform integrations. This would potentially enable it to prepare before the launch of its $RIVAL token. The company disclosed this endeavor on the official X account. 🤝 BREAKING: New Partnership! 🤝 We're excited to announce that we've partnered with @HelloTelos, an industry-leading, high-performance blockchain network, to enhance our one-of-a-kind, AI-powered platform! 🚀 Check it out using the link…

BlockchainMay 7

Chief Electoral Officer of Gujarat brings in VR election metaverse

The Chief Electoral Officer of Gujarat, P Bharti, has brought in a virtual reality-oriented election metaverse for the elections slated for the 7th of May, 2024. The metaverse intends to educate and engage with more than 13 million youngsters voting for the first time. Before venturing within the virtual space, voters will be allowed to choose a personality. Within the arena, they will have the opportunity to understand the procedure related to placing their votes via a screening of an educational clip. This will bring to the table a voting booth wherein voters will be exposed to a stage-by-stage simulation…

MetaverseMay 7

Bitcoin (BTC) Price Isn't Going To Rise Further?

Bitcoin (BTC) price has dropped from $66K to $64K over the past 24 hours. BTC’s fear and greed index stands at 72, holding up in the greed zone. Bitcoin (BTC) fails to maintain its momentum within the $66K-$67K range, noting over 3.7% decline. This drop in its price is influenced by the news of the US DOJ arresting the founders of Samourai Wallet. Following the Bitcoin Halving on April 19th, the king of crypto gradually rebounded back into the $65K range and eventually marked daily highs at $67K over the past three days since Monday. At the time of writing,…

BitcoinMay 7

Real Estate crypto token rallies 300% in a week after first property sale

Real-world assets (RWA) is a strong narrative growing in the cryptocurrency market, following the interest of BlackRock Inc. (NYSE: BLK). In this context, a Real Estate token, UBXS, surged 300% in a week amid allegedly institutional moves. UBXS is a utility token part of an RWA project specializing in Real Estate, developed by the Web3 company, Bixos. The company aims to connect physical and virtual worlds through blockchain technology. Interestingly, Real Estate property owners can use Bixos to tokenize their real-world assets, making an exchangeable non-fungible token (NFT). By using the UBXS token, the company promises fee discounts and other…

AltcoinsMay 7

Australia court sets precedent for crypto in non-cash payments

Australia’s securities regulator has marked its first court victory, setting a precedent regarding a non-cash payment facility involving crypto. The Australian Securities & Investments Commission (ASIC) has set a legal precedent in the local crypto market after the Federal Court found that BPS Financial (BPS) engaged in unlicensed conduct when offering the Qoin Wallet, a non-cash payment product that used a token called Qoin. In a press release on May 3, ASIC said the court determined that BPS lacked the necessary financial services license “nor was authorised by a licence holder, to issue or provide financial advice about the Qoin…

LegalMay 7

Chainlink CCIP Integrates with Truflation for Cross-Chain TRUF Transactions

Chainlink has announced an exclusive integration. It has reportedly integrated its Chainlink CCIP with Truflation across Ethereum, Base, and Arbitrum blockchain platforms to drive TRUF transactions across the chains. The leading Web3 services forum revealed this integration on its X account. It added that this would increase the interoperability across the aforementioned chains. .@truflation has integrated #Chainlink CCIP across @arbitrum, @base, and @ethereum to power cross-chain TRUF transfers. Why Chainlink BUILD member Truflation is deepening its integration with Chainlink ⬇️https://t.co/I63f7bNF9W pic.twitter.com/p3C1mQYmAR — Chainlink (@chainlink) May 6, 2024 Truflation Incorporates Chainlink CCIP for TRUF Transactions Across the Chains In a devoted…

BlockchainMay 7

US economist warns Bitcoin ETF ‘newbies’ about a ‘rude awakening’

As the cryptocurrency sector starts another day with the majority of its assets in the red, American economist and gold bug Peter Schiff has taken it as a sign that Bitcoin (BTC) is going down the drain, voicing a particularly dire warning for owners of spot BTC exchange-traded funds (ETFs). Specifically, Schiff has observed the current price action of the flagship decentralized finance (DeFi) asset, asserting “it’s not looking good” and telling ‘HODLers’ to better hope that Bitcoin can hold $60,000 or “it’s a long way down,” according to his X post on April 25. At the same time, he…

BitcoinMay 7

'Nvidia of crypto' token is up over 800% in a year

As the majority of assets in the cryptocurrency sector resume their rally that has intensified in recent weeks, the past months have been particularly kind to artificial intelligence (AI) tokens, including the deemed ‘Nvidia of crypto,’ which has advanced by more than 800% in the last year. Specifically, Render (RNDR), which has positioned itself as the ‘Nvidia of crypto’ due to its potential to become an essential AI infrastructure provider, has made an impressive upward move of 812% in the previous 12 months, racing from $1.90 to the current price of $11.28, as per the data on March 26. Render…

AltcoinsMay 7