Author: NBTC

Cardano founder Charles Hoskinson reacts as a significant portion of ERGO (ERG) tokens moves to the Cardano network. A recent update from Rosen Bridge confirms that the Cardano ecosystem is attracting capital from the Ergo blockchain. Ergo is a Cardano-compatible network that enables smart contract applications. The network utilizes the same transaction model as Cardano, meaning dApps and related protocols, can run on both platforms. While Cardano and Ergo have their respective DeFi ecosystems, the latest update from Rosen shows that investors are moving more from Ergo to tap into the opportunities available on Cardano. Since the launch of the…

Empower Oversight has sued the U.S. Securities and Exchange Commission (SEC) for failing to comply with the Freedom of Information Act (FOIA). The move comes as the SEC neither produced any documents nor committed to producing documents related to the ETHGate scandal when SEC officials declared Ethereum (ETH) as not a security. Empower Oversight Files New Lawsuit Against US SEC Empower Oversight has filed a lawsuit against the U.S. SEC for failing to turn over documents on why former Director William Hinman and former SEC Chairman Jay Clayton claimed that ETH was not a security. The SEC’s refusal to comply…

Wilder World has finally chosen Polygon with Celestia below to develop a game-changer modular blockchain leading to zero-knowledge technology. Wilder World is an on-chain entity involving Avatars, cyberwear, crafts, land, etc. They will all be boosted by $WILD, forming a connection among players, developers, and framework suppliers. For this, they needed their own blockchain, which had to be gasless with all other features. Polygon with Celestia below was the answer. Together with their sister project, ZERO, they are introducing Meowchain, a blockchain created to upgrade GameFi and the simulation. Meowchain will bring an upgradable and accelerated Layer 2 solution for…

Unverified rumors claim Jeff Bezos has surpassed Elon Musk as the world’s richest. Speculation abounds that Bezos’s wealth surge is linked to a Bitcoin investment. The potential move into Bitcoin by Bezos is stirring discussions in financial circles. In the swirling vortex of financial rumors, a new whisper has emerged that Jeff Bezos, the visionary founder of Amazon, has reclaimed the title of the world’s richest person, surpassing Elon Musk. Adding intrigue to this development are unconfirmed reports suggesting that Bezos’s ascent may be partially fueled by a rumored investment in Bitcoin. These speculative claims have yet to be verified,…

Ethereum price extended its decline below $3,500. ETH is showing a few bearish signs and there could be a drop toward the $3,200 support zone. Ethereum started a downside correction below the $3,550 zone. The price is trading below $3,550 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance at $3,520 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its decline if it stays below the $3,520 and $3,550 resistance levels. Ethereum Price Breaks Support Ethereum price started a downside correction below the $3,720 and $3,650 levels,…

Cardano, the eighth-largest cryptocurrency by market capitalization, has reached a historic milestone, with its total blocks reaching 10 million. In a Feb. 29 tweet, X user Stakewithpride highlighted that the 10th million block for Cardano would soon be reached. This was expected to occur today, March 1. The 10th million Cardano block will be in 16 hours. 🔥 #Cardano $ADA https://t.co/As0W605zUC — St₳kΣ with Pride 🌈 (@StakeWithPride) February 29, 2024 This milestone has now been reached, as the total number of blocks on the Cardano network is at 10,000,224, according to data from Cardano explorer Adastat. Blocks are batches of…

According to the official announcement made by the SEC, Genesis agreed to pay a $21 million penalty to the SEC. Genesis Global Capital LLC will pay a $21 million penalty after pleading guilty to charges that it engaged in the unregistered offer and sale of securities through a cryptocurrency, the SEC said. The SEC said the money would first be used to pay any other claims authorized by the bankruptcy court, including claims from retail investors in the Gemini Earn program, and then take the remainder. SEC Chairman Gary Gensler said in the statement: “We sued Genesis, accusing it of…

VeChain and BCG’s Cambridge hackathon drives blockchain innovation. Econex wins with eco-friendly commuting dApp, harnessing blockchain rewards. VeChain hackathon showcases VeDrive, VeVolt, and Veev sustainability solutions. VeChain, in collaboration with BCG, recently concluded its highly anticipated hackathon at Cambridge University, marking a significant milestone in blockchain innovation. The VeChain x EasyA hackathon attracted top developers from across the UK and beyond, converging to shape the future of Web3 on the VeChain platform. 🌱💡 #VeChain’s hackathon sparks innovation in sustainability and transportation! Econex leads the charge with CleanCommuteCoins, rewarding eco-friendly commuting. VeDrive promotes safe driving, while Zenvolt revolutionizes deliveries. VEEV empowers…

Anthony Scaramucci, founder and managing partner of Skybridge, asserts that United States President Joe Biden positively impacts the crypto and overall financial markets. Scaramucci’s stance reflects Biden’s proposals for crypto-related legislation in recent years. Joe Biden Potentially a Positive for Bitcoin A recent report indicated that Scaramucci advocates for a president who upholds the traditional hierarchical structure of society as the safest and most likely path to success, including for crypto. “I tell Bitcoiners you are at risk if you get somebody that wants to destroy the institutions of the democracy, separation of powers in the constitution. The country has…

Ethereum, not Bitcoin, is poised to be the cornerstone of the future financial system. This assertion stems from a series of advancements and the inherent characteristics of the Ethereum blockchain. Particularly, in light of the recent Dencun upgrade, which has significantly lowered transaction fees on its network. Ethereum Is About to Change Everything Ethereum’s journey through 2024 has been spectacular. Its market value surged over 58% year-to-date, with revitalization within the NFT sector and stablecoin market capitalization reaching multi-year highs. This surge in Ethereum’s prominence reflects its growing utility and adoption across various sectors, from digital art to DeFi. Moreover,…