Author: NBTC
Shibarium’s impressive transaction count blowout since the last week of October has sparked excitement in the Shiba Inu ecosystem. However, the daily transaction volumes have since dropped considerably compared to the stunning 4.77 million recorded on that occasion. Are Shibarium transactions falling? According to Shibariumscan data, the transactions for Oct. 31 stood at 4.21 million, while they registered 3.89 million on Oct. 30. The appreciable leap in the two consecutive days follows lower daily transaction figures recorded before it. On Oct. 28 and 29, total transaction figures were 879,780 and 1,680,000, respectively. A critical analysis of the transaction figures indicates…
A federal court judge ruled Monday that Lido DAO, the governing body behind the popular liquid staking protocol, can be treated as a general partnership under state law. The court rejected Lido’s claim that it is not a legal entity, classifying it as a general partnership and setting a precedent for how profit-oriented DAOs should be treated. It also ruled that identifiable participants managed the DAO’s operations and therefore could not evade liability through its decentralized structure, according to court documents filed in the U.S. Northern District Court in California. Paradigm Operations, Andreessen Horowitz, and Dragonfly Digital Management were held…
I recently stumbled upon a fantastic report from 1A1z on “Funding Bitcoin.” I was surprised to learn that Jack Dorsey funds over 60% of Bitcoin Core’s development via different organizations: over $5 million annually, out of a total of only $8.4 million in funding. Wild, right? For a $1.2 trillion asset, I expected way more diverse support. Now, you might be worried that that concentration risks him having too much sway. If he turned against Core’s principles, his funding leverage could be a real concern. But does Dorsey’s power really extend to controlling Bitcoin itself? Nope, no way. Bitcoin’s decentralisation…
VeChain leads RWA tokenization, setting standards with partnerships like Walmart China and BMW. Chainlink and State Street join the RWA market, inspired by VeChain’s proven blockchain success. The RWA sector is projected to hit $600B by 2030, with VeChain maintaining leadership in blockchain innovation. VeChain leads the RWA tokenization space with innovative blockchain solutions. It has demonstrated real-world applications through partnerships with Walmart China and BMW. VeChain’s collaboration with Walmart China enhances supply chain transparency, ensuring food safety and quality. 🔸VeChain saw the future of Real-World Assets (#RWA) before the world knew it needed one. This isn’t just foresight—it’s execution…
Damian Williams, the prosecutor behind the FTX’s Sam Bankman-Fried trial, is potentially planning to leave the US District Court for the Southern District of New York before Trump takes office in January. Reports from earlier in the week suggested that Trump is planning to replace Williams with Jay Clayton, the former SEC chair. High-Profile Crypto Trials Under Damian Williams Williams was appointed in 2021 under President Joe Biden. Since then, he has led some of the most high-profile crypto fraud prosecutions in recent years. His office played a critical role in holding crypto executives accountable following the sector’s turmoil in…
Gemini started operating in France, allowing users to deposit, trade and store digital assets. The move comes weeks before EU’s MiCA regulations allow registered companies to expand across the trading bloc. Gemini crypto exchange opened up to users in France just weeks before the European Union’s Markets in Crypto Assets (MiCA) regulations kick in, paving the way for an expansion across the 27-nation trading bloc. Users, including institutions, in the EU’s second-largest economy are now able to open a Gemini account to deposit, trade and store digital assets, the New York-based company founded by Cameron and Tyler Winklevoss said Tuesday.…
Earlier this month, the European Central Bank (ECB) published a paper in which the authors claim the existence of Bitcoin could impoverish non-holders and latecomers. Specifically, they wrote: “Since Bitcoin does not increase the productive potential of the economy, the consequences of the assumed continued increase in value are essentially redistributive, i.e. the wealth effects on consumption of early Bitcoin holders can only come at the expense of consumption of the rest of society.” It drew the ire from many bitcoiners, including Frank in his Take… but isn’t this essentially what hyperbitcoinization is? If bitcoin becomes the money of the…
After Donald Trump’s Milwaukee rally was marred by technical issues and what some called an uncharacteristically agitated performance, at least one Trump-themed meme coin jumped in value while others took a significant downturn. Investors, who once rallied around these coins due to the ex-president’s association with digital currencies and nativist rhetoric, saw red across their portfolios — except TrumpCoin (DJT). Many of these coins initially spiked due to Trump’s hints of a pro-crypto stance and political drama before the Nov. 5 election. But on the heels of a Friday rally in Wisconsin, where Trump made lewd gestures with a microphone…
The Shanghai High Court has once again confirmed that virtual currencies (cryptocurrencies), which are considered a type of virtual commodity, have the nature of property under Chinese law. According to the Document Published by the Court, Cryptocurrencies Are Not Prohibited, Businesses Related to Them Are Prohibited However, the Shanghai High Court of China stated that virtual currencies, as a virtual commodity, have property characteristics and are not prohibited by Chinese law. According to the official statement, although this means that cryptocurrencies are not completely banned, commercial activities related to them remain under strict legal restrictions. Chinese authorities are taking a…
Bithumb, South Korea’s leading cryptocurrency exchange, has announced the inclusion of Raydium (RAY) and Ponke (PONKE) tokens for trading against the Korean won (KRW). This news prompted a surge in interest, with RAY prices rising by 10% and PONKE climbing 20% shortly after the announcement. Contents hide 1 What Tokens Have Been Listed? 2 How Did the Market React? What Tokens Have Been Listed? On November 19, Bithumb confirmed the addition of Raydium and Ponke to its trading platform. This strategic listing not only amplifies the reach of Solana-based projects but also encourages user engagement, as evidenced by the rapid…