Author: NBTC

In a recent exchange on X forum, Bill Morgan, a pro-XRP lawyer, provided detailed insights into the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). Moreover, he responded to concerns raised about the impact of a recent Coinbase hearing on the case. XRP Lawyer Provides Insight On Ripple Vs SEC Case Morgan took to X reassured users that the latest Coinbase vs SEC judgment would have a “neutral” affect on the Ripple lawsuit. He stated, “This was a default judgment concerning secondary market sales of several cryptos… that did not include XRP.” In addition,…

Recent statistics from blockchain analytics start-up IntoTheBlock on Ethereum, the second-largest cryptocurrency by market value, reveal a surprising reality. IntoTheBlock routinely provides Ethereum and Bitcoin network statistics toward the week’s close, as it did today. According to its tweet, $906 million ETH exited exchanges this week, marking the eighth week of net outflows for the second-largest cryptocurrency asset. According to a graphic shared, total fees for the ETH network increased by 43.56% to $108.3 million. $906M of $ETH left exchanges this week, making it the eighth consecutive week of net outflows for the second-largest crypto asset pic.twitter.com/v7VuqFUSCf — IntoTheBlock (@intotheblock)…

Cathie Wood seems to be having a bad start to 2024 considering investors have pulled close to $1.0 billion out of her flagship Ark Innovation ETF over the past two months. ARKK is significantly underperforming NASDAQ Investors are concerned because the “ARKK” continues to materially underperform the Nasdaq Composite – a fair comparison since that benchmark is also growth-oriented like Wood’s exchange-traded fund. Ark Innovation ETF is down nearly 3.0% year-to-date at writing versus Nasdaq up a whopping 9.2%. Warren Buffett vs Cathie Wood pic.twitter.com/XpJJSMCqCJ — Evan (@StockMKTNewz) February 24, 2024 Wood’s fund has a total of 37 holdings at…

Binance, one of the foremost cryptocurrency exchanges globally, has officially announced a significant transition in its margin assets on the Binance Futures platform. In a move aimed at enhancing the trading experience and aligning with market demands, Binance will be shifting its support from USDP to FDUSD. This transition signifies a strategic adjustment to better cater to the evolving needs of its user base. Effective from the 8th of March at 09:00 (UTC), Binance will commence support for FDUSD as a margin asset. This marks the initiation of the transition process. Consequently, support for USDP will cease on the 14th…

The Ethereum blockchain has revolutionized decentralized applications through smart contracts, but congestion on its mainnet poses challenges to broader adoption. Layer 2 scaling solutions address this by shifting transaction processing off-chain, but until recently, they lacked support for smart contracts. Enter zkEVMs: Zero-Knowledge Ethereum Virtual Machines that enable smart contracts on layer 2 while maintaining security. Let’s take a deeper look at zkEVMs, how they work, the challenges faced in building them, examples of currently available systems, and why they represent such an exciting breakthrough. Key highlights: zkEVMs are revolutionizing blockchain scaling by bringing smart contracts to the privacy-preserving world…

Controversial crypto platform Prometheum continues to signal its seriousness about moving forward as the industry’s sole U.S. special-purpose crypto broker-dealer, having now hired a chief financial officer with a Wall Street pedigree from the likes of Morgan Stanley and Goldman Sachs Group Inc. Albert Meo was Morgan Stanley’s executive director for regulatory policy and boasts a long career in mainstream finance with firms that also include Fidelity Investments and Nomura. Prometheum’s new CFO has also served on an advisory board at the securities industry’s internal standards organization, the Securities Industry and Financial Markets Association (SIFMA). He joins Prometheum as it’s…

Ethereum’s price has surged above $3,500, sparking excitement among investors. Signs of a potential bearish reversal are looming, raising concerns about the sustainability of Ethereum’s rally. Critical support levels at $2,695 and $2,065 could cushion Ethereum’s descent if a reversal occurs. Ethereum (ETH) has been on a remarkable upward trajectory, delighting investors and enthusiasts with its recent price surge. The cryptocurrency’s value has soared past $3,500, sparking excitement in the market. However, amidst the celebration, some analysts are raising concerns about a potential bearish reversal. The impressive rally has seen Ethereum effortlessly break through resistance levels. Yet, there are signs…

Hong Kong authorities have announced new initiatives to increase artificial intelligence (AI) adoption in the region, including plans for a new AI Supercomputing Centre to support research and development. Hong Kong’s Financial Secretary Paul Chan confirmed the new AI plans during his Budget Speech ahead of the new national budget for the Special Administrative Region (SAR). For Hong Kong, AI appears to be the most promising of all emerging technologies, with Chan describing it as “key to propelling the development of digital economy in Hong Kong.” Highlighting AI’s importance to the city-state, officials have earmarked a slice of the national…

Blum, a crypto trading app that merges CEX and DEX facilities for a new trading experience, launched to over 50,000 signups in its first 48 hours. A group of Binance alumni announced the hybrid crypto exchange in a push to introduce an improved trading experience for new digital participants and veterans alike. The platform is backed by Binance Labs for its seventh cohort and was picked as one of 13 protocols out of more than 700 projects from around the globe. DeFi: @bitu_protocol, @blumcrypto, @surf_protocol, @vooi_io Infra: @Aggregata_xyz, @nesaorg, @Nimble_NetworkApplication Layer: @aspecta_id, @HoloworldAI, @opinionlabsxyz, @SideQuestWeb3, @StoryChain_ai, @tiltedstore — Binance Labs…

Marathon Digital, a leader in the Bitcoin mining sector, on February 28 unveiled to the public the design of the Anduro blockchain, a layer-2 solution aimed at solving the scalability issues of the world’s most well-known cryptographic network. Conceptually similar to the Lightning Network but at the same time very different on a technical level, Anduro is set to become the ideal place for Bitcoin developers who want to build new successful applications and implementations. Meanwhile Marathon reports financial results above expectations in the last quarter, consolidating its position on the Nasdaq with MARA stock prices up 300% compared to…