Author: NBTC

PancakeSwap has announced an airdrop of 2,452,128 zkSync (ZK) tokens to its loyal community. The initiative, which will take place on July 5 at 10:30 am UTC and end on August 5 at 10:30 am UTC, will mark the anniversary of the deployment of zkSync on PancakeSwap in July 2023. This move aims to reward both longstanding contributors and newcomers who actively engage with the platform. Airdrop Distribution Criteria The ZK tokens will be distributed across three main categories of users: veCAKE holders, past contributors, and future contributors. The criteria are as follows: veCAKE Holders: This group includes users who…

A former CEO of the defunct Kansas Heartland Tri-State Bank has been sentenced to more than 24 years in prison for embezzling funds via crypto and ultimately sinking the bank. The actions of Shan Hanes subsequently led the bank to fail at a “complete loss of equity for investors,” according to a Monday statement from the U.S. Attorney’s Office for the District of Kansas. Between May and July 2023, Hanes used his position as CEO to make 11 transfers of the bank’s funds, worth over $47 million, to a crypto wallet involved in a pig butchering scheme. Hanes pleaded guilty…

Bitcoin’s (BTC) price recently experienced a sharp uptick, followed by a notable decline in late July and early August. However, this drop doesn’t necessarily signal a bearish trend, as investor behavior shows signs that the market remains stable. Bitcoin Investors Exhibit Conviction Despite Bitcoin’s recent price drawdown, which brought it down from $68,000, the asset remains poised to continue its upward trend. This resilience is driven by consistently bullish investors who maintain confidence despite the volatility. Among them are whale investors, who have held firm despite the recent dip. Addresses holding between 100 and 1,000 BTC show a steady increase,…

Spot Ethereum ETFs, which opened for trading in late July, failed to meet expectations in Ethereum price. While the decline and slow price movement in ETH has made investors pessimistic, Nansen chief research analyst Aurelie Barthere explained the main reason for the decline in the ETH price. At this point, Aurelie Barthere said that the decline in Ethereum was due to lack of investor interest and risk appetite rather than outflows in spot ETH ETFs. The ETH price has fallen by 25% since the launch of spot Ethereum ETFs on July 23, while the ETFs experienced a net outflow of…

In a new development, Worldcoin has revealed the beneficiaries of its Wave 1 Community Grants. These grants are designed to empower innovators and accelerate the development of the Worldcoin ecosystem. Following the success of the initial Wave 0, which took place late last year with a headstart of $5 million in funding across three grant tracks, Wave 1 grants have been awarded to 17 projects in many areas, including novel governance mechanisms, Secure Multi-party Computation (SMPC), and improved developer experiences. The aforementioned projects are expected to improve the Worldcoin ecosystem. It is worth noting that Wave 0 gave grants to…

The Seychelles National Assembly has approved a draft bill to regulate virtual asset service providers (VASPs). The bill requires license-seeking VASPs to establish a substantial presence in Seychelles, such as having a resident director and an office with competent staff. The law aims to balance innovation with anti-money laundering efforts, adhering to Financial Action Task Force (FATF) recommendations. Combating Risks of Virtual Assets The Seychelles National Assembly recently approved a draft bill to regulate virtual asset service providers (VASPs). According to a report, the bill, presented by Finance Minister Naadir Hassan, aims to complement Seychelles’ strategy for combating risks associated…

Marathon Digital executives met earlier this month with Democratic National Committee Chair Jamie R. Harrison and his advisors, the Bitcoin mining firm’s Senior Vice President of Government Affairs Jayson Browder told Decrypt. The revelation is another sign that Democrats are taking heed of the crypto crowd, despite the industry’s lack of representation in the party’s newly released platform. The meeting, which was held about a week ago, touched upon ways to mitigate the environmental impacts of Bitcoin mining, in addition to existing efforts to “reduce methane emissions [and] carbon emissions” related to the mining of the coins, said Browder. The…

Bitcoin’s price has been fluctuating between $57,815 and $61,815 for nearly seven days, with the 50-day simple moving average (SMA) at $61,662 providing persistent resistance. At the time of this writing, Bitcoin (BTC) ‘s price is $58,106.44, down 0.2% from an hour ago and 0.6% from yesterday. The value of BTC today is 5.2% lower than it was seven days ago. Also, in the last 24 hours, 57,708 traders were liquidated, totaling $221.55 million. The highest single liquidation order occurred on Binance – BTCUSDT for $10.83 million. According to Glassnode data, bitcoin’s recent price volatility can be ascribed in part…

DMarket reclaimed the top spot in daily non-fungible token (NFT) sales on Sunday after conceding the position to Bored Ape Yacht Club last week, according to CryptoSlam data. DMarket generated US$747,527 in secondary sales across 32,377 transactions, raising its all-time sales past US$490 million, now less than US$10 million away from the half-billion club. DMarket is an NFT collection that represents in-game virtual items of popular online games like Counter-Strike and Dota 2. It kicked off the previous week by leading the NFT market and held that position until BAYC took the spot on Wednesday. The second-ranking collection for the…

Bitfinex analysts said Ethereum’s (ETH) 40% decline following the launch of spot ETH exchange-traded funds (ETFs) in the US is an expected “sell-the-news” reaction. According to the latest edition of the “Bitfinex Alpha” report, Ethereum ETFs are facing substantial challenges as significant outflows continue to weigh heavily on Ether’s performance, exacerbating the asset’s underperformance relative to Bitcoin. The report highlighted the negative net flows of spot Ethereum ETFs — currently at $420 million in outflows — as the main force driving ETH’s price down in recent weeks. It added that heavy selling from market makers like Jump Trading and Wintermute,…