Author: NBTC

DraftKings has agreed to settle a class action lawsuit which alleged it violated Federal Securities Law when it sold NFTs on its marketplace, according to a Federal court filing on Wednesday. The settlement, which was negotiated by both parties “at an arm’s length,” would see the company pay $10 million cash to a settlement fund which will pay for legal fees, settlement costs, and compensation to each participating class member, defined as “persons or entities who purchased, acquired, sold, disposed of, owned, held, used, or otherwise transacted in NFTs in a DraftKings account.” The motion for preliminary approval highlighted the…

Ethereum (ETH), the second-largest altcoin in the cryptocurrency world, has long been a subject of much discussion, and more often than not, a target for banter among traders. From underperforming prices to the controversial comment from Ethereum’s creator, Vitalik Buterin, just about everything surrounding this digital asset over the past two years has sparked some form of sarcasm or irony. A recent example of this comes from a price movement that led to some unexpected laughter in the crypto community. Amid a massive liquidation event that saw crypto bagholders lose at least $1 billion overnight, the price of Ethereum plummeted…

In a report detailing the outcome of the first phase of drex, the national CBDC pilot, the Central Bank of Brazil acknowledged that none of the anonymity and privacy solutions tested met the project’s needs. Central Bank of Brazil Still in Search of Privacy Solution for CBDC The pilot of the Brazilian central bank digital currency (CBDC) has hit a roadblock. In a recently issued report detailing the results of the first phase of the pilot project, which finished last year, the Central Bank acknowledges that the possible implementation of this currency still lacks a key attribute: privacy. The report…

Cardano (ADA), the ninth-largest cryptocurrency by market capitalization, is hinting at significant activity over the past 48 hours. According to Ali, whales have bought over 20 million Cardano during this period. Although the exact reason behind these moves remains unknown, a few potential explanations might be likely. The recent progress on Cardano’s decentralized governance framework, including CIP-1694, may have boosted investor sentiment about the project’s long-term viability. Whales have bought over 20 million #Cardano $ADA in the past 48 hours! pic.twitter.com/ofFBS3wec5 — Ali (@ali_charts) December 29, 2024 On Dec. 21, Intersect, a member-based organization for the Cardano ecosystem, announced that…

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has received its second-in-principle license approval to operate a virtual assets exchange platform. This time, it’s from the UAE regulatory authority, the Securities and Commodities Authority (SCA). This is the first time SCA has granted an in-principle approval to a VASP operator. This is the second in-principle approval (IPA) after Bybit received its first one from Dubai’s Virtual Asset Regulatory Authority (VARA) back in 2024. The IPA will allow Bybit to set up a virtual asset platform operation within the UAE. UAE’s Securities and Commodities Authority (SCA) grants Bybit IPA As…

Bitcoin fell below $80,000 on Friday, extending its decline to 27% from its all-time high of $109,000 reached in January. The largest crypto by market value has now dropped beneath its 200-day moving average, a key technical indicator often watched by traders to assess long-term trend strength. The decline follows accelerating outflows from Bitcoin ETFs, which had fueled much of the rally to record highs. Over the month of February, investors have pulled more than $2 billion from spot Bitcoin ETFs, the most significant weekly outflows since their inception. Meanwhile, gold ETFs have seen inflows rise, suggesting investors are shifting…

The non-fungible token (NFT) market maintains substantial activity as major NFT collections and sales alongside trading marketplaces keep driving total volume. The recent market data reveals which sector segments lead by presenting the top trading collections while revealing the highest recorded sales and marketplace dominance during the past day. #NFT MARKET OVERVIEW TOP COLLECTION #Courtyard – 24H Volume $1.60M… pic.twitter.com/KR2REe8Zxn — PHOENIX – Crypto News & Analytics (@pnxgrp) February 28, 2025 The digital asset Courtyard demonstrated the highest trading volume of $1.60 million during the previous 24 hours and therefore continued its dominant position. The highest trading activity this period…

Mirana Ventures, a firm closely linked to Bybit, recently purchased 21,667 ETH worth $46.25 million. Lookonchain blockchain data shows that Mirana Ventures executed an over-the-counter (OTC) trade with FalconX a few hours back. Mirana Ventures(related to #Bybit) bought another 21,667 $ETH($46.25M) from #FalconX via OTC 4 hours ago.After #Bybit was hacked, Mirana Ventures bought 265,912 $ETH($700M) via #OTC and deposited it to #Bybit.Mirana’s anchor capital providers are the co-founders of Bybit.… pic.twitter.com/nBxm4dgZJK — Lookonchain (@lookonchain) February 28, 2025 Mirana Ventures Buys 265K ETH to Support Bybit Post-Hack Mirana Ventures has already demonstrated past significant cryptocurrency acquisitions. The firm purchased 265,912…

Investors have suffered huge losses due to the consecutive declines in Bitcoin and altcoins. While the last decline wiped out billions of dollars from the cryptocurrency market, a whale defied the decline but now risks being liquidated and losing millions of dollars. According to Lookonchain’s post, the mega whale, one of the victims of the recent crash, opened a long position in Bitcoin and six altcoins but is facing an unrealized loss of $17.5 million. Accordingly, this whale opened long positions in Bitcoin (BTC), Solana (SOL), HYPE, ONDO, HBAR, SUI and TRUMP at rates ranging from 3x to 20x. But…

But real quick first— XRP’s price could be in for another big pump soon, according to the technical signals. Legendary chart trader Peter Brandt recently shared a bullish wedge pattern suggesting another leg up for XRP’s price to above $2.70. The average exchange rate in US dollars for XRP on Saturday, Dec. 28, was $2.19. So if this rally materializes, it would represent a 24% increase over Saturday’s price in potentially a matter of mere days or weeks. Here are two views of $XRPUSD a weekly chart and a daily chartStrong opinions, weakly heldA chart is not an opinion and…