Author: NBTC

The chairman of the U.S. Commodity Futures Trading Commission told a crowd in Florida that his agency is coming up with a new rule for the prediction markets. The CFTC has been waging a legal battle with the platforms that allow users to buy simple contracts predicting the outcome of real events. U.S. Commodity Futures Trading Commission Chairman Rostin Behnam said his agency will propose a rule in the coming months to establish new regulations for prediction markets. “We anticipate considering a proposal to amend CFTC rules that address the treatment of certain types of event contracts, in order to…

Arbitrum has successfully implemented the update called “Atlas,” which introduces the use of blobs. Offchain Labs, in the context of the Atlas update, has integrated support for the Dencun update in the Arbitrum ecosystem. The main goal of the Atlas update is to reduce transaction costs on Ethereum Layer 2 by leveraging the incorporation of blob transactions. Let’s see all the details below. Dencun: a turning point in the Arbitrum ecosystem with the Atlas update Optimization of transactions on Arbitrum and growth of the community Arbitrum: record price, technical analysis and future scenarios Dencun: a turning point in the Arbitrum…

Bitcoin (BTC), the world’s leading cryptocurrency, has once again showcased its inherent volatility, with its price dwindling to $58,000 after hitting a record high of over $69,000. According to the latest data from CoinMarketCap, Bitcoin is currently trading at $66,621, representing a 54.5% increase in the past month. With Bitcoin soaring to unprecedented heights only to face a sharp downturn within a short span, here are three crucial takeaways from the recent Bitcoin price movement. Profit-taking pressures persist The phrase “buy low, sell high” remains prevalent on the Bitcoin market. Legendary trader John Bollinger’s recent commentary, as noted in an…

In an exciting development for Bitcoin enthusiasts and DeFi users alike, the Bifrost Foundation has announced a strategic collaboration with the Stacks Foundation. This partnership aims to enhance the utility and interoperability of Bitcoin-based assets and protocols, setting a new standard in the DeFi landscape. One of the most notable outcomes of this collaboration is the introduction of BTCfi, a service designed to empower Bitcoin holders with minimized risk opportunities for earning additional Bitcoin. In conjunction with the upcoming release of sBTC, a non-custodial, programmable Bitcoin-backed asset, BTCfi will support sBTC as collateral, echoing the functionalities of WBTC and BTCB.…

Ripple’s CTO aligns publicly with Elon Musk to face the SEC. This partnership sparks excitement in the XRP community. Will Elon Musk partner with XRP before DOGE? In a surprising turn of events, Ripples’ Chief Technology Officer (CTO) seems to have publicly aligned with Elon Musk in what appears to be a joint effort against the U.S. Securities and Exchange Commission (SEC). Ripples CTO joins forces with Elon musk in fighting against the SEC, first time it’s actually done publicly! Does that mean a X and #XRP partnership coming? Seems like a good start!XRPL is going to go mad soon!…

A U.S. district court has changed the bail conditions for Binance cryptocurrency exchange founder Changpeng Zhao and ordered him to surrender his Canadian passport. As the Wall Street Journal reports, the Ministry of Justice’s request was satisfied. The court has now ordered Zhao to surrender all valid and expired passports. The entrepreneur must transfer the documents to a person his lawyers will hire, who will accompany the former head of Binance on all trips where a passport may be needed. In addition, Zhao can only issue new documents with the court’s permission. He is also obliged to notify the relevant…

In a remarkable turn of events, Bitcoin and gold have simultaneously reached record highs, sending conflicting signals about the global market’s risk appetite, as reported by Richard Henderson from Bloomberg News. This apparently marks the first time the two assets have concurrently hit all-time highs since Bitcoin’s emergence more than a decade ago. Traditionally, gold has been considered a safe-haven store of value, while Bitcoin’s role beyond speculation remains a topic of debate. Source: TradingView Source: TradingView According to Henderson, Bitcoin’s impressive 50% surge this year can be attributed to the influx of investments into recently launched US-listed spot exchange-traded…

Investment firm Hivemind Capital Partners is in the work of raising nearly $50 million for a fund. According to a Bloomberg report, Hivemind Capital is trying to raise at least $50 million for a fund that will focus on the nexus between blockchain technology and digital art. The move comes at a time when the market is witnessing the most recent cryptocurrency boom and the nonfungible tokens are attempting to resurface. Blockchain’s Advancement Likely to Help Digital Art Space According to Medium, the capacity of blockchain to verify the authenticity and scarcity of digital artworks is what revolutionizes the field.…

Closing statements in the U.K. trial probing Craig Wright’s claims of having invented Bitcoin kicked off Tuesday. In its closing arguments, the Crypto Open Patent Alliance (COPA) accused Wright of committing perjury in addition to committing forgeries. A crypto alliance accusing Craig Wright of committing forgeries in attempting to prove he’d invented Bitcoin plans to ask U.K. prosecutors to consider if the computer scientist perjured himself during an ongoing trial. The weeks-long trial is nearing the end, and the outcome – to determine whether Wright is pseudonymous Bitcoin inventor Satoshi Nakamoto – could influence several other cases by Wright against…

The cryptocurrency community often reacts to market commentary and actions from high-profile investors and financial pundits. Jim Cramer, the host of CNBC’s “Mad Money,” recently caught the attention of crypto investors and traders yet again with the timing of his Bitcoin trades. Cramer tweeted about his purchase of Bitcoin at $69,210, which coincided closely with the cryptocurrency reaching its all-time high. Known for his exuberant and often contrarian takes, Cramer’s involvement at the peak of Bitcoin’s price surge has led to the community invoking the “Cramer Curse” — a trend where assets tend to move contrary to Cramer’s endorsements or…