Author: NBTC
At the close of one of the most unprecedented weeks in the modern history of the American presidency, the crypto industry appears in reach of an unexpected victory: President Joe Biden, whose administration has been widely criticized as hostile to crypto, now faces a massive wave of pressure to drop out of the 2024 presidential election due to concerns about his age and cognitive abilities. If such a scenario were actually to unfold, though—if Biden were to drop out of the race, or even resign from the presidency—would crypto still be stuck with its perceived arch-nemesis, U.S. Securities and Exchange…
Feeling bearish on crypto? There’s now an ETF to short Coinbase (COIN)—the premiere U.S. exchange platform viewed as an index for the entire industry’s success. Set to launch on Wednesday, the YieldMax Short COIN Option Income Strategy ETF is designed to “seek inverse (opposite) exposure to the share price of the common stock of Coinbase Global,” subject to certain limits on investment gains, according to its summary prospectus. YieldMax is an asset management company whose products purchase options contracts based on an underlying security. As if to mock crypto, the Coinbase-focused ETF will trade on NYSE Arca under the “FIAT”…
Andrew Tate claims he’s cashed in a portion of his bitcoin holdings and invested the funds into GameStop following a new wave of hype around the controversial stock. However, he can’t seem to decide on a figure. Tate initially said he made a $50,000 investment into GameStop before changing this to half a million. He then upped the ante even more, claiming that he’d actually allotted $6 million worth of his crypto to destroy hedge funds. The hype around GameStop was fuelled by the return of investment-focused social media personality Roaring Kitty, who helped inspire the initial GameStop rally in…
Key Points: Play-to-earn game Notcoin on Telegram surged 41.4% in 24 hours, becoming the 4th most traded cryptocurrency by daily volume. The surge in Notcoin network transactions is attributed to its easy gameplay and the recent introduction of passive earning features. The price increase follows a previous airdrop and comes despite a stagnant crypto market. Defying a sluggish crypto market, Notcoin (NOT), a play-to-earn game hosted on Telegram, has surged a staggering 41.4% in the last 24 hours, with Notcoin network transactions dominating other cryptocurrencies. again. Notcoin Network Transaction Spikes As NOT Price Increases More Than 40% 2 Notcoin Network…
The British Columbia Securities Commission (BCSC) has flagged Latoken, a crypto exchange, for violating British Columbia’s (BC) laws by operating without a license. LiquiTrade Limited ran an illegal platform known as Latoken in the BC without authorization. Also read: London pair arrested for running illegal crypto exchange The financial securities watchdog revealed in a report published this week that LiquiTrade was never registered under the Securities Act even while it allowed users to trade some popular digital assets like Bitcoin and Ethereum. Latoken traded “a representation” of Bitcoin The crypto exchange operator was incorporated in the Cayman Islands in 2020…
The spot ETF catalyst for bitcoin has faded, putting added import on macro factors Inflation data coming Tuesday and Wednesday is likely to set at least the short-term tone for the market. Bitcoin (BTC) has managed a modest rally over the past 72 hours after an ugly close to last week, but three major economic reports later this week are among the factors that will likely set off more volatility. At press time, the world’s largest crypto was trading at $62,700, up 2% over the past 24 hours, according to CoinDesk data, and ahead 4% from Friday’s low. The broader…
Keith Gill, also known as “Roaring Kitty,” a famous trader linked to the 2021 GameStop short squeeze, reappeared on social media on Sunday. His return sparked a frenzy in the meme coin market, especially the Solana-based memecoin $GME. The memecoin saw its value more than triple, with its market cap surpassing $100 million—a 300% jump over the past hours, according to data from CoinMarketCap. At the time of writing, $GME is trading at around $0.0147. Trading volumes surged over sixfold to over $150 million. Meanwhile, Kitty-themed coins, such as Kitty AI, have also seen their values double amid the hype.…
A trader who accurately called the beginning of the 2021 bear market meltdown says that the low for Bitcoin (BTC) is likely already in, based on historical patterns. Pseudonymous analyst Dave the Wave tells his 190,000 followers on the social media platform X that Bitcoin’s monthly moving average convergence divergence (MACD) indicator has slightly contracted, which traditionally signals that a bullish trend has at least temporarily lost steam. The MACD is a momentum indicator that traders use to spot potential points of trend reversals. But Dave the Wave says he doesn’t think the signal suggests that BTC’s price is headed…
Taking a cue from role-playing games, yield generation Boosters can be acquired by performing challenges such as cross-chain swaps, depositing into earn vaults or trading on WOOFi Pro. The GameFi sector used inflationary emissions of a native token to generate earnings, whereas WOOFi distributes revenue based on a share of fees on the platform. WOOFi, a decentralized cryptocurrency exchange (DEX) and sister to crypto exchange WOOX, is applying novel elements from the world of role-playing games (RPG) world to decentralized finance (DeFi), using non-fungible tokens (NFTs) to boost yields generated by customers staking tokens on the platform. So-called “Boosters” –…
The Terra Luna Classic (LUNC) community is gearing up for the much-anticipated v3.0.1 upgrade, set to commence within a few hours. According to community member Bay Diamondhandz1, the upgrade could lead to a temporary suspension of the LUNC chain. Contents hide 1 What Changes Will the Upgrade Bring? 2 Why Is the Market Reacting Differently? 3 Key Insights for Investors What Changes Will the Upgrade Bring? This significant upgrade follows a near-unanimous decision by the Terra Luna Classic community. Garnering 99.9% approval from both members and validators, the proposal by the Terra Luna Classic Layer 1 development team, Original Labs,…