Author: NBTC

A quick ride to the past – It was the year 2013; Dogecoin (DOGE), created by Jackson Palmer and Billy Markus entered the cryptocurrency market. DOGE was intended as a fun alternative to Bitcoin and other serious altcoins, so more or less a “meme coin.” Little did the creators know that their Shiba Inu dog-themed token would later move from meme to mainstream. Over the years, DOGE garnered massive online support fueled by the solid community of Dogecoin fans across X (formerly Twitter), Reddit, etc. It soon became one of the most popular cryptocurrencies, earning celebrity endorsements, and gaining mainstream…

Bitcoin bull Anthony Pompliano recently ignited a wave of curiosity in the crypto community with a seemingly cryptic tweet. Pompliano’s tweet simply read “$35,770,000,000,000,” a figure that immediately caught the attention of his followers and the broader crypto community. His tweet, devoid of any context, left many wondering about its interpretation. Was it a prediction, a comment on market potential or something else entirely? The ambiguity of the tweet hence fueled a flurry of speculation. 35,770,000,000,000 reasons for bitcoin — Gemini (@Gemini) October 22, 2024 Adding to the intrigue, major crypto exchange Gemini responded to Pompliano’s tweet with a message:…

Ethereum, the world’s second-largest cryptocurrency, has faced increasing criticism for its underperformance compared to rising rivals such as Bitcoin and Solana. Ethereum has been the subject of social media ridicule as it trades at around $3,300, about 33% below its all-time high of $4,878 reached in November 2021. However, analysts and investors are warning that the largest altcoin could soon emerge from recession, with some predicting it could break a record by reaching $10,000 in 2025. Despite hovering around $3,000 for weeks, Ethereum appears poised for a change. Bitwise’s head of research, Ryan Rasmussen, hinted at renewed institutional interest: “A…

According to data provided by the prominent blockchain tracker Whale Alert, which monitors large cryptocurrency transactions, less than an hour ago an astounding Dogecoin transfer was made to the Robinhood investment platform as a deposit. Earlier today, another similar amount of DOGE was transferred with the participation of the same trading app. Together, almost half a billion DOGE have been moved, according Whale Alert. This transfer to Robinhood took place while a famous analyst within the cryptocurrency community predicted that DOGE may see a parabolic surge once November kicks off. Robinhood stunned by 290 million DOGE deposit Whale Alert shared…

The SEC seeks to compensate investors in Mila Kunis-backed Stoner Cats NFTs, which were deemed an unregistered securities offering that violated federal law. Stoner Cats Investors to Be Compensated Under SEC’s Proposed Fund Plan The U.S. Securities and Exchange Commission (SEC) has announced a proposed plan to distribute funds collected from Stoner Cats 2 LLC following enforcement actions over securities violations. In a court filing on Wednesday, the SEC detailed that the company conducted an unregistered sale of non-fungible tokens (NFTs). Stoner Cats 2 LLC, the company behind the NFT-funded animated web series “Stoner Cats,” was notably backed by actress…

Bitget, a Seychelles-based crypto exchange, has announced that it now supports VND bank transfers in Vietnam. Vietnamese can now use the nation’s leading payment system, VND bank transfers via VietQR, to have instant access to crypto tokens. Biget users can seamlessly trade, sell, and buy cryptocurrencies using the local bank payment method through their Biget mobile app. Bitget’s fiat-crypto on-ramp With Biget’s fiat-crypto on-ramp plugin, users can purchase and trade crypto directly with Vietnamese dong currency on preferred crypto platforms using the VND bank transfer method. The on-ramp is a gateway for consumers and businesses to access the digital currency…

Today marks the anniversary of Elon Musk’s first public endorsement of Bitcoin on social media, during which the premier cryptocurrency has seen its value surge by over 1,000%. Six years ago, Bitcoin was trading as low as $6,400. Around this time, renowned tech billionaire Elon Musk made a witty comment on X (formerly Twitter), asking a commenter if they would like to buy some Bitcoin. This was the first instance of Musk mentioning “Bitcoin” on his social media account. At the time, Bitcoin was even in a bear market, and its price subsequently dropped around $3,000 a few weeks later.…

Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, appears bearish and is poised for a price decline. The reasons for this include how ETH is lagging behind top assets like Bitcoin (BTC) and Solana (SOL), its current price action formation, the latest sell-offs by whales, and more. Ethereum (ETH) Sluggish Performance With steady and dull performance compared to other assets, whales and investors have dumped significant amounts of ETH in recent days. Recently, CoinPedia reported that a dormant whale, holding 398,889 ETH worth $1.34 billion, offloaded 73,356 ETH valued at $224 million. This notable dump has created potential selling…

Axie Infinity reintroduced its manager-scholar relationship with the new Axie Delegation system on October 17th. Axie Infinity increased its total staked AXS by 11.34% over the past year, reaching 58.5 million AXS. Axie Infinity has made a significant comeback with the introduction of its Axie Delegation system, which revitalizes the manager-scholar connection that has long been an important aspect of the game’s environment. The Axie Delegation launched on the app of the platform on October 17th, enabling players to donate their axies to others, thereby restoring a basic ability of the game. Based on an official tweet from Axie Infinity,…

The Australian Treasury has invited public feedback on implementing the Organization for Economic Cooperation and Development (OECD)’s crypto asset reporting model. Tackling Crypto-Linked Tax Evasion The Australian Treasury has invited the public to comment on options for the country’s implementation of the Crypto Asset Reporting Framework (CARF). In a consultation paper released Nov. 21, the Treasury said its implementation of CARF, developed by the Organization for Economic Cooperation and Development (OECD), “would complement the government’s efforts to strengthen tax transparency.” The paper will explore the policy merits of adopting the OECD model into domestic tax law and consider an implementation…