Author: NBTC
The risk-courting trader who caused outsized losses for one of Hyperliquid’s pools is back again with another Ethereum (ETH) long position. This time, the trader used 25X leverage, once again posing a risk for the exchange. The whale trader, who caused over $4M in lost liquidity for Hyperliquid’s pool, is back again with another long position on Ethereum (ETH). This time, the trader switched quickly between risky short and long positions on ETH, once again exposing the exchange to potential liquidations. Following the news, the HYPE native token of Hyperliquid fell further, sliding to $12.35. The new batch of positions…
Renowned Internet entrepreneur Vinny Lingham has taken to his account on the social media platform X (widely famous as Twitter in the past) to make a comment on the recent scandal with the meme coin LIBRA endorsed by Argentina’s president. He shared his view in a short tweet that was down to just two sentences. Another big figure in the crypto space – Bitcoin advisor to El Salvador president Max Keiser – also weighed in on the situation, expressing criticism. “Memecoin economy is like gambling” Lingham shared a link to an interview with one of the creators of the LIBRA…
Since the law regulating the taxation of crypto capital gains was introduced in Italy, one of the major doubts that has always circulated is whether the stablecoin DAI is fiscally relevant or not. In fact, the law from this point of view was not very clear, and the subsequent European regulations of MiCA had further complicated the issue. To tell the truth, there had been an official statement from the Agenzia delle Entrate, but these statements do not have legal value, so the doubts remained. Now they seem to have been definitively clarified. The issue of the stablecoin DAI in…
ZNS Connect, a popular decentralized naming solution provider for Web3, has announced an exclusive partnership with Hemi, a well-known Ethereum and Bitcoin-backed modular protocol offering unparalleled security and scaling. As per ZNS Connect, the platform is launching .HVM domains on Hemi’s growing ecosystem. The platform took to its official social media account to disclose this development. ZNS is Now LIVE on Hemi 🍾ZNS integrated with @hemi_xyz, introducing .HVM domains to the ecosystem!🔗 Secure your .hvm domain today: https://t.co/oaWlT9Z4cLHemi is a modular protocol built for scalability, security, and interoperability, powered by Bitcoin & Ethereum.Huge… pic.twitter.com/OsecF07i83 — ZNS CONNECT (@ZNSConnect) March 15,…
The Texas Senate, the upper house of the state’s legislature, is on track to hold a public hearing on the implementation of a strategic Bitcoin reserve on Tuesday. The bill (SB21) was introduced by Senator Charles Schwertner earlier this year. Texas Lieutenant Governor Dan Patrick designed it as one of the Senate’s top 40 priority bills. A new version of the bill, which was introduced last week, allows investing in cryptocurrencies that have maintained a market capitalization of at least $500 billion over the span of a year. It also no longer includes the $500 million annual purchasing cap. The…
Due to Ethereum’s protracted decline, there has been a lot of conjecture regarding its long-term sustainability. Nevertheless, leading analyst Chris Burniske thinks that reports of Ethereum’s demise are wildly inflated despite the pessimism. Recently, Burniske said that there is a lot of hype about ETH’s demise. Though it ignites fires, the talk is good. His position implies that although Ethereum has experienced a significant decline, this is not the first time in the history of cryptocurrency. Burniske acknowledged that he had bought the dip, but he is still wary of any additional drops. He went on to emphasize a strategic…
US traders were again at the forefront of meme token trading during the latest wave of official memes. High liquidity and large influencers meant most of the volume for memes originated with US-based traders. Meme token trading is generally borderless, with the exception of the UK. During the last few high-profile launches, the leading activity came from traders based in the USA, followed by German-based wallets. Data gathered by the Artemis app shows US-based traders led in activity for three of the recent official meme tokens – TRUMP, CAR, and LIBRA. While the tokens were highly risky and caused significant…
The U.S. Securities and Exchange Commission (SEC) is reportedly close to concluding its ongoing legal battle with Ripple Labs, the company behind the XRP cryptocurrency. This case, which began in 2020, has been one of the most significant and prolonged legal conflicts in the blockchain industry. Key Points in the SEC-Ripple Case The SEC’s lawsuit against Ripple, filed in December 2020, centered around the company’s sale of XRP, which the regulator claimed violated securities laws. However, Ripple has maintained that it did not breach any regulations. The case has been closely watched as it involved the SEC’s determination of whether…
The following is a guest post by Yannik Schrade, CEO and Co-founder of Arcium. Warnings about artificial intelligence have been fed to the public by worried experts for years, a constant alarm of looming danger. The past decade has seen near-exponential growth for anything AI-related, with a 37% compound annual growth rate predicted through 2030, and the volume of data mined (and regularly exploited) to fuel this rapid development has raised serious concerns about the erosion of privacy, intellectual property, and data protection. We’re entering the Fourth Industrial Revolution, a new era fueled by breakthroughs in quantum computing, robotics, biotechnology,…
Bitcoin’s bull run is going to continue—thanks to the big money institutions. That’s according to a report from global investment firm Bernstein, which said on Monday that investors should be prepared for a further rally in the asset and equities related to it. Analysts Gautam Chhugani, Mahika Sapra, and Sanskar Chindalia wrote that the bull run was ignited by the prospect and later approval of Bitcoin exchange-traded funds in the U.S., and then pushed on by the election of crypto-friendly Donald Trump. More is to come, they said, as institutional cash continues to flow into the space. “The confluence of…