Author: NBTC
Veteran trader Peter Brandt has once again captured the attention of the cryptocurrency community, this time with his analysis of Ethereum’s chart, which he describes as “very intriguing.” Brandt, known for his insightful analysis and decades of experience in financial markets, shared his perspective on Ethereum’s price action, sparking discussion among traders and investors. Ethereum, the second-largest cryptocurrency by market value, has been showing some interesting activity on the charts, capturing the attention of analysts such as Brandt. Brandt’s analysis comes at a crucial time for Ethereum, as the cryptocurrency market navigates a period of volatility and uncertainty. Bitcoin, the…
Coincheck and Spacial Purpose Acquisition Company Thunder Bridge Capital Partners IV is progressing with their merger deal, which will enable the Japanese cryptocurrency exchange to list on Nasdaq. This action signifies a significant step for both companies and has implications for investors seeking exposure to the burgeoning crypto industry. Coincheck is a renowned digital asset exchange in Japan, with a market share of over 1.98 million accounts. Thunder Bridge Capital Partners IV is an SPAC that facilitates mergers and acquisitions within the finance sector. The proposed merger signifies Coincheck’s ambition to expand its global footprint and gain access to the…
Shibarium, the Layer 2 blockchain within the Shiba Inu (SHIB) ecosystem, has reached noteworthy milestones, indicative of its growing utility and adoption. On-chain data shows a remarkable surge in the total value of assets locked (TVL) on Shibarium, marking an increase of approximately 170% within the last two days. The value now stands at $3.85 million, underlining the platform’s expanding utility and user engagement. Shibarium’s TVL Surged by 170% Shibarium’s TVL surge can be attributed to the rollout of new features within the ecosystem. Notably, the recent introduction of the DAMN meme coin on the Woofswap decentralized exchange has added…
Democrats and Republicans clashed over how the Securities and Exchange Commission is handling crypto enforcement actions during a House Financial Services subcommittee hearing Tuesday. Capital Markets Subcommittee Chair Ann Wagner, R-Mo., kicked off the hearing titled “SEC enforcement: balancing deterrence with due process,” with a jab at the securities regulator, mentioning the recent sanctions the SEC received in its case against Debt Box. “Public trust in the SEC will only decline when its employees are sanctioned and forced to resign for their quote gross abuse of power, as they were in the recent case against the crypto platform known as…
We’ve seen mash-ups of fantasy sports and NFT trading cards, but what about something with more crypto-native subject matter? Enter Fantasy Top. Built on Ethereum layer-2 network Blast, Fantasy Top takes the premise of fantasy football and other fantasy sports games, but swaps out pro athletes for crypto influencers. It’s like Crypto Twitter: The Game, and it’s more than just a surface-level riff on the social media sphere. Fantasy Top has gotten off to an electric start, dominating industry chatter while driving surging trading volume—and becoming one of the most profitable protocols or apps across all of crypto. Curious how…
Positive developments continue to occur in Hong Kong, which has taken important steps towards becoming a cryptocurrency center. At this point, while HashKey, Hong Kong’s first licensed cryptocurrency exchange, lists altcoins for professional investors, the last listing came for Toncoin (TON). Haskey stated that TON trading will start on May 09 and made the following statement: “We are excited to announce that Toncoin will be listed on HashKey Exchange, a licensed virtual asset exchange in Hong Kong. Listing information and schedule for TON are set as follows: TON of deposits and withdrawals are currently open. TON trading is scheduled to…
Hong Kong — APhone, the revolutionary web-based virtual phone app, is teaming up with the premier digital collectibles marketplace, Magic Eden, to offer a limited sale of its Access Passes. These co-branded passes, priced at 0.2 SOL (approximately $24) each, will grant users exclusive rewards and benefits for purchasing the DePIN-enabled virtual mobile app.—The APhone Access Passes, available exclusively on Magic Eden and limited to 5,000 units, will unlock a year’s worth of premium APhone functionality for users. In addition to accessing the full suite of APhone features, purchasers will receive extra “10 key rewards” for each NFT swap, which…
Ray Youssef, the former Paxful CEO, has commented on the negative impact of high transaction fees on bitcoin adoption in emerging markets. Youssef stated on social media that the recent developments in the bitcoin fee market have pushed users to alternatives such as USDT on the Tron blockchain over bitcoin in Global South countries. Noones CEO Ray Youssef Criticizes Bitcoin’s High Transaction Fees: ‘We Have Failed the Global South’ The issue of high fees has opened a debate about the current adoption of bitcoin in emerging markets. Ray Youssef, the former CEO of peer-to-peer exchange Paxful and current CEO of…
The recent Dencun upgrade lowered fees by 4x, on average. This led to less ETH being burned, thus reversing its status as a deflationary asset. Ethereum’s recent Dencun upgrade, which was designed to reduce fees and help scale the network, has caused ether (ETH) to revert back to an inflationary asset — potentially reversing one of the key benefits of the 2022 Merge. A CryptoQuant report reveals that Dencun has made transaction fees on Ethereum on average four times lower than they were before, but this also means that the amount of ETH getting burned has declined to one of…
Bankrupt crypto exchange FTX unveiled yesterday a new plan to pay out at least 118% of recognized claims to 98% of its creditors. However, the plan faces pushback from Sunil Kavuri, who speaks for the largest group of creditors. Kavuri has called for a rejection of the proposed restructuring, arguing that repayments should reflect the current market prices of assets, not their value at the time of FTX’s bankruptcy. FTX Plan Takeaways1) Sullivan and Cromwell included exculpation clause so they + no one involved sued for misconduct2) S&C puppet John Ray in charge with no accountability3) Petition prices + 18%…