Author: NBTC
AMINA Bank, a prominent name in Swiss digital banking, has entered into a strategic partnership with Pyth Network, a leading decentralized financial oracle. This collaboration is set to transform how digital asset prices are provided and utilized across the financial landscape. By supplying real-time data on digital asset prices to Pyth Network, AMINA Bank aims to enhance the precision and efficiency of financial services, particularly in decentralized finance (DeFi). By leveraging its resources to improve the Pyth Network’s offerings, AMINA Bank is actively participating in the evolution of financial services, making them more accessible and reliable for users across various…
Recently, a significant transaction involving Ethereum (ETH) and stablecoins unfolded in the cryptocurrency market. It highlights the strategic moves of a prominent whale investor. According to Lookonchain reports, the whale executed a series of transactions. This series began with withdrawing 30,000 ETH, valued at approximately $101.7 million, from the exchange Bitfinex. Shortly after, they deposited 20,000 into Spark, a platform known for its DeFi services. The amount of these Ethereum is equal to $67.8 million. A whale withdrew 30K $ETH($101.7M) from #Bitfinex 1 hour ago and deposited 20K $ETH ($67.8M) into #Spark.Then he borrowed 34M $DAI from #Spark, swapped it…
Pump.fun’s revenue has surpassed $30 million as meme coins with their own respective subsector create their own waves. Over the past month, we’ve seen a lot of news centered around memes. Roaring Kitty, the face of the 2021 GameStop rally, returned to X. Pump.fun, the meme coin launchpad, was exploited for $1.9 million by a former employee. The face of Dogecoin, the Shiba Inu Kabosu, passed away. The crypto market has also been brought back by excitement about the shock approval of the spot Ethereum ETF 19b-4 approvals and some more encouraging inflation data coming out in the U.S. this…
Bankrupt crypto lender Celsius Network’s litigation administrator has initiated legal action against account holders who have not settled liabilities related to preferential transfers made in the 90 days before the firm filed for bankruptcy. The lawsuits, filed in the US Bankruptcy Court for the Southern District of New York, target those with more than $100,000 in Withdrawal Preference Exposure (WPE). The move follows a successful settlement with over 1,500 account holders, resulting in the recovery of nearly $100 million. The settlements addressed more than $500 million dollars in preference liabilities, providing significant relief to eligible Celsius creditors. Celsius Litigation Administrator…
KuCoin’s Visa debit card KuCard has added support for multiple virtual and physical cards starting July 1, 2024, the company announced today (Friday). This latest offering will enable users to manage multiple cards and access a cashback program. KuCard promises enhanced financial flexibility for personal use, managing family expenses, or keeping separate cards for different spending categories. This feature reportedly allows for enhanced budgeting, improved expense tracking, and easier access to funds. Additionally, users can access KuCard’s crypto-to-fiat conversion and cashback rewards. To mark this launch, KuCard has reportedly unveiled a limited-time offer ending on July 7, whereby users can…
AIgentX now supports the Neo X EVM sidechain with its Discord and Telegram chatbot. The utility leverages AI to help users learn about supported blockchain networks, the tokens that reside on those chains, and other details about the blockchain. The bot can track real-time data, perform price analysis, and offer details about projects building on Neo. AIgentX aims to lower the entry barrier into the Web3 ecosystem by offering AI-enabled tools to help users navigate the complexities of blockchain technology. The team offers AI-powered agents and applications to support community management processes, digital asset trading analysis, and developer education. Users…
After favorable US inflation data, Bitcoin went up by 7.54% in 24 hours, surpassing $65,000. Traders are monitoring key factors for a probable surge above $70,000. At this time, renowned crypto analyst Michaël van de Poppe announced his decision to sell his Bitcoin holdings, citing various strategic reasons. As Bitcoin nears a new high or a major sell-off, van de Poppe’s action shows his systematic approach to the volatile crypto industry. Strategic Shift to Altcoins The strong dollar influences Van de Poppe’s decision, as do U.S. regulatory pressures and the Federal Reserve’s quantitative tightening, all of which have pressured Bitcoin’s…
Ethereum price is attempting a fresh increase above the $3,450 resistance zone. ETH must settle above $3,550 to continue higher in the near term. Ethereum slowly moved higher above the $3,450 zone. The price is trading above $3,450 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $3,415 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $3,520 and $3,550 resistance levels to continue higher. Ethereum Price Faces Resistance Ethereum price started a decent recovery wave above the $3,400 level. ETH even cleared the…
The NEAR Foundation (NF) is entering a pivotal phase in its development, dedicated to reimagining its governance structure to steer the NEAR ecosystem into a new era of growth. To support this mission, NF has partnered with Gauntlet, a leader in ecosystem optimization, incentive modeling, and community engagement. This collaboration aims to introduce a new governance framework and implement initiatives that foster significant on-chain economic activity. The future is NEAR!We are thrilled to partner with the @NEARFoundation to help develop a new governance framework and drive the growth of the @NEARProtocol ecosystem.We are dedicated to NEAR’s mission of building a…
A judge in Texas has set an expedited schedule for the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ethereum developer Consensys. The legal proceedings are expected to take place between July 29 and November 26, suggesting a decision could be reached in late 2024 or early 2025. Judge O’Connor agreed to consider the merits of the case on an expedited timetable. The key question at hand is whether the SEC has Congressional authority to regulate MetaMask, a product of Consensys, as a securities dealer and issuer. This situation was announced by Consensys’ lawyer Bill Hughes on a social media…