Author: NBTC
A cryptocurrency trader has lost nearly $74,000 in just three minutes with a common trading mistake. The trader was speculating with the $RICH memecoin on Solana (SOL), losing 325.8 SOL in two poorly executed trades. Lookonchain reported the case on December 13, which is a cautionary tale for crypto traders to avoid letting emotion dominate. In summary, the speculator deployed 495 SOL in two trades to end up with 169.5 SOL. Interestingly, SOL was changing hands by nearly $227 at the time of this trading, as shown in SolScan. Therefore, this crypto trader has effectively turned around $112,000 into $38,000…
The U.S. Securities and Exchange Commission (SEC) is currently preparing for a potential federal government shutdown, according to its recent alert. The agency has announced that it will prioritize crucial functions such as market integrity and investor protection. The agency has clarified that its internal EDGAR database system, which is used for tracking government filings, will remain operational. However, the agency will be forced to pause some non-essential operations during a potential government shutdown. On Wednesday, the House of Representatives delayed a vote on a bipartisan government funding bill, prompting concerns about a potential shutdown. With Congress plunging into chaos,…
Plume Network is partnering with Google Cloud and CloudMile to transform the real-world assets market with artificial intelligence. The full stack layer-1 blockchain seeks to redefine the RWA ecosystem and disclosed the partnership in an announcement on Dec. 20. According to the team at the L1, teaming up with Google Cloud aims at revolutionizing the onboarding process of real-world assets by tapping into artificial intelligence. In this case, Plume is set to leverage the cloud computing giant’s infrastructure to automate the appraisal of RWA projects via AI. You might also like: Ink Chain selects RedStone to power its DeFi ecosystem…
Bitcoin ($BTC) has made headlines with a surge like never before. In a record-setting move, Taker Buy Volume on Binance spiked to an unprecedented $1.1775 billion in just one hour. This is the highest figure ever recorded. The data comes from CryptoQuant analyst Maartunn, who confirmed the significant milestone. 🚨 Record-breaking #Bitcoin action!Taker Buy Volume (Binance) surges to a massive $1.1775B in just one hourly candle—the highest ever recorded. 🔥📈 pic.twitter.com/QnmtENORHh — Maartunn (@JA_Maartun) December 5, 2024 Bitcoin Reaches New All-Time High of $104,088 This has even pushed Bitcoin to new highs as seen from the graph below. It has…
Nvidia stocks dropped over 2% in the early hours of today as investors became increasingly concerned about AI spending. Investors argue that the spending that has been instrumental in the company’s growth could diminish or extend to its competitors. The decline follows comments from Microsoft and Google that their AI expenditures will expand at a slower pace in the future. In addition, the latest Blackwell AI servers were rumored to be overheating. This has fueled concerns about additional production delays and led to a further decline in shares. Moreover, China’s competition regulator announced this week that it is looking into…
NEAR Protocol has become the first non-Ethereum Virtual Machine (EVM) blockchain to integrate fully with MetaMask. This lets MetaMask users use the NEAR ecosystem seamlessly. The NEAR Snap, a new feature from HERE Wallet and the Banyan Collective, lets you create NEAR accounts and sign transactions right from MetaMask. This integration makes NEAR Protocol a leader in Web3 interoperability, giving an enhanced Web3 experience and unlocking new venues for developers and users. 🐉❤️🦊NEAR Mainnet has become the first non-EVM chain to be fully compatible with @MetaMask, the leading Ethereum wallet provider.🧵 pic.twitter.com/jF1XTTGYdO — NEAR Protocol (@NEARProtocol) December 13, 2024 MetaMask…
Amid a drive to increase the use of blockchain solutions in the Middle East, ZetaChain the universal Layer-1 blockchain network collaborates with stc Bahrain, a subsidiary of Saudi Telecom Company (stc), the largest telecom operator in the region. This partnership places stc Bahrain as one of the prominent validator in the ZetaChain ecosystem alongside Google Cloud and Coinbase. Today, ZetaChain partners with the @stc_bhr to secure the first Universal Blockchain!With stc Bahrain, we accelerate our mission to build a Universal Blockchain with native access to any blockchain: https://t.co/7Bczd4dIO3 — ZetaChain (@zetablockchain) December 19, 2024 Driving Seamless Web3 Solutions This integration…
The UK government was founded by the blockchain analytics platform that held billions of dollars in Bitcoin in the past few years. Arkham Intelligence, on the on-chain analytics data on Dec. 06, has found the wallet that is connected to the UK government that holds 61.245k Bitcoin (BTC) worth $6 billion. This wallet has also gained profit from the Bitcoin price movement, with more than $28 million in unrealised profit. It is stated by Arkham that the Bitcoin owned by the UK government is a seized asset from Zhimin Qian, a fraudster with a multi-billion pound scam. “The UK government…
Bitcoin in Japan can sometimes be taxed at more than its own value, leaving heirs and sellers of crypto worse off than they started. A new report from Nikkei details how BTC can sometimes be taxed at as much as 110%, as industry leaders and crypto advocates on the archipelago scramble desperately to get the government’s greasy fingers out of Satoshi’s wallet. According to Microstrategy’s Michael Saylor, it’s only “paranoid crypto-anarchists” who are worried about keeping bitcoin and government separate, or being able to use crypto non-custodially and permissionlessly. But for the Japanese, holding bitcoin and other crypto assets has…
As Paul Atkins is set to replace Gary Gensler at the SEC, a new warning from JW Verret suggests that the agency risks severe consequences if it doesn’t drop the Ripple case. When the SEC launched its crusade against cryptocurrency, it didn’t expect to face resistance from the federal judiciary itself. The federal judges are challenging the SEC’s aggressive interpretation of old securities laws, which may eventually lead to the Supreme Court getting involved. As we prepare for Paul Atkins to take over from @GaryGensler, a new piece by @JWVerret warns that if the @SECGov doesn’t drop the @Ripple case…