Author: NBTC
Chimpola, a transparent and secure blockchain network, has announced its exclusive partnership with Plena Finance, a prominent Crypto SuperApp. The partnership targets to broaden the decentralized finance (DeFi) landscape. The platform took to its official social media account to disclose this collaboration. We’re excited to partner with @PlenaFinance, the first Crypto Super App using Account Abstraction tech for over two years! 🌐With 5M+ transactions and $30M+ in deposits, Plena makes complex crypto transactions simple and accessible, combining trading with social networking and… pic.twitter.com/AeQgWEjvTS — Chimpola (@itschimpola) January 18, 2025 Chimpola Joins Forces with Plena Finance to Advance DeFi Expansion Chimpola…
Trump Coin hit $26 and reached a $26 billion valuation in 24 hours. A trader turned $1.1 million into $23 million within 90 seconds. The token surged 4,200%, sparking debates and massive demand on Solana. $Trump Coin has hit a new ATH of $26 and reached a $26 billion valuation. The new project, announced on January 17 through Donald Trump’s Truth Social, became an instant phenomenon. Within hours, one trader turned a $1.1 million investment into $23 million. This massive surge, fueled by Trump’s influence, has sparked excitement and debates across the crypto space. $TRUMP JUST HIT NEW ATH OF…
Cardano’s Charles Hoskinson hinted at a class action against the Wyoming Stable Token Commission over alleged selection bias. Hoskinson criticized the Commission for excluding XRP and ADA while favoring Stellar, citing market cap and trading volume disparities. Allegations of bias involve the Commission’s Executive Director, linked to ConsenSys and Polygon, raising questions about impartiality. Cardano founder Charles Hoskinson has voiced concerns about the Wyoming Stable Token Commission’s decision-making process. He hinted at potential legal action by blockchain firms excluded from the project, citing a lack of transparency. Hoskinson’s statements came after receiving an email from the Commission listing approved protocols.…
Stuart Alderoty, chief legal officer at Ripple, has already commented on the U.S. Securities and Exchange Commission’s latest legal setback, claiming that the agency’s “anti-crypto crusade” is now imploding. The Third Circuit Court of Appeals dubbed the agency’s actions “arbitrary” and “capricious” regarding the agency’s rejection of Coinbase’s petition that was seeking comprehensive rulemaking. The SEC has been requested to provide the reason for its denial. The court has stated that “sporadically enforcing ill-fitting rules” against various cryptocurrency companies goes beyond merely fighting fraud. According to Alderoty, Judge Stephanos Bibas has “laid bare” what the cryptocurrency industry has been saying…
This is a segment from the Empire newsletter. To read full editions, subscribe. Coinbase is shaking things up. If you somehow didn’t hear, Morpho and Coinbase have teamed up to offer loans where Coinbase users (though New York users can’t, much to the disappointment of some of my colleagues) can borrow USDC against bitcoin held on Coinbase. Pretty cool, right? Definitely yet another sign of the changing times. Blockworks data whiz Dan Smith joined Empire’s round-up this week, telling host Jason Yanowitz that he thinks the announcement is a win for bitcoin… with some caveats. “ Bitcoin’s money, they [Coinbase] want…
Vitalik Buterin praised the Soneium L2 launch as an example of serving the priorities of both businesses and users. In cases of conflict, a business-grade L2 is still transparent and traceable. Vitalik Buterin, the founder of Ethereum, praised Sony’s launch of Soneium as an example of deploying a business-grade L2. The current L2 technology can allow a business to choose how much control to keep or give to users, explained Buterin in an X post. Buterin tried to clarify whether L2 actions reflected on Ethereum and whether censorship was the problem of the entire ecosystem. The @Soneium situation is a…
The introduction of options for the $43 billion iShares Bitcoin Trust (IBIT) product will reduce Bitcoin’s volatility and attract a broader investor base, according to Alex Thorn, head of firmwide research at Galaxy Digital. Speaking to Bloomberg Television, Thorn explained the long-term benefits of the new financial product for the cryptocurrency market. Thorn commented on the situation in his statement: “As Bitcoin becomes more widely held, volatility will decrease. Options will help reduce volatility, and as volatility decreases, people will be able to take larger positions.” The availability of options could change the perception of Bitcoin from a high-risk speculative…
Revolutionary Solutions: Eldridge (ELDG) and XRP 2.0 bring groundbreaking innovations to blockchain scalability and cross-border payments. DeFi Bridges: Wrapped Bitcoin (WBTC) expands Bitcoin’s utility, creating dynamic opportunities in decentralized finance platforms. Engagement & Investment: Chiliz (CHZ) enhances fan engagement, while VC Spectra (SPCT) provides unparalleled investment transparency and access. This has made many digital currencies stand ready and wait for the year 2024 to come so that they can change the world of virtual currency. Of them, Eldridge (ELDG), Wrapped Bitcoin (WBTC), VC Spectra (SPCT), Chiliz (CHZ), and XRP 2.0 are identified as possible market challengers. Multiple industry analysts anticipate…
A Florida federal court has ordered Mosaic Exchange Ltd. and its CEO Sean Michael to pay over $1.1 million in penalties and restitution for operating a fraudulent digital asset trading scheme that targeted investors across multiple countries. The U.S. District Court for the Southern District of Florida issued final default judgments in late December, concluding a case that began with the Commodity Futures Trading Commission’s (CFTC) September 2023 complaint against the Pennsylvania-based company and its Miami-based executive. The court found Mosaic and Michael liable for violating the Commodity Exchange Act through a sophisticated deception that ran from February 2019 to…
Robinhood Crypto has announced the addition of Sonic (S) trading support in the European market. This move is part of the company’s expansion strategy. Sonic, formerly known as Fantom (FTM), is the native token of the Sonic network, which operates as a Solana-based Layer 1 EVM blockchain. Source: X Following this announcement, Sonic has secured the #55 rank on CoinMarketCap, with its price at $0.8013. This reflects a 1.01% increase in the past 24 hours. The token’s market capitalization stands at $2.3 billion. Over the last day, Sonic’s trading volume has risen by 153.72%, totaling $221.86 million. Related: Robinhood’s Main…