Author: NBTC
The altcoin industry has been solving the decentralization aspect of the blockchain trilemma for the past years. With the scalability and security aspects having been solved through layer one and layer two chains, the distribution of altcoins to achieve higher decentralization has been a work in progress in most projects. The use of play-to-airdrops (P2A) has gained significant momentum in the GamiFi sector. However, the control of altcoin projects by whale investors remains evident in most tokens. Shiba Inu Leads in Whale’s Control According to on-chain data analysis by Santiment, Shiba Inu (SHIB), the leading memecoin on the Ethereum (ETH)…
WASHINGTON, D.C. — Unicoin CEO Alex Konanykhin said he’s asked the U.S. Securities and Exchange Commission to pull its investigation against the crypto operation and hasn’t yet received a response. Unicoin represented a final shot against the industry from previous Chair Gary Gensler’s SEC, which informed the firm in an official notice late last year that the regulator intended to accuse it of fraud, deceptive practices and handling unregistered securities. The investigation was announced in the final days of President Joe Biden’s administration in December, before the SEC’s leadership was taken over by those selected by crypto fan President Donald…
As Canada prepares to vote, Coinbase is calling on the next government to take crypto seriously, warning that without clear regulations, the country could lose its competitive edge. As Canada approaches a federal election, the country’s crypto future hangs in the balance, with Coinbase‘s Canadian country director Lucas Matheson warning that while the country has been a leader in the industry, it risks falling behind and becoming less integrated into the global digital economy. In a Wednesday blog post, Matheson pointed to an estimated five million Canadians who already hold crypto, saying that “86% of Canadians agree their financial system…
Asset managers seeking XRP exchange-traded funds (ETFs) are making progress with their applications, bringing the products a step closer to actualization. On Thursday, Cboe BZX Exchange officially filed the crucial 19b-4 forms with the SEC on behalf of Bitwise Investments, Canary Capital, WisdomTree, and 21Shares, seeking approval for their proposed XRP ETFs. This filing marks the next stage in the regulatory process following the initial S-1 filings by the issuers. Cboe BZX Exchange SEC filings for XRP ETFs Details about the 19b-4 forms for XRP ETFs Notably, the 19b-4 forms are essential in requesting permission from the U.S. SEC to…
March 2025 is witnessing a significant wave of changes in how US states approach cryptocurrency. Several states are actively introducing and passing legislative initiatives to promote crypto adoption. Recent developments over the past week indicate a clear shift. US lawmakers no longer see cryptocurrency solely as a speculative asset but as a strategic part of the financial future. Kentucky: Protecting Bitcoin Rights and Crypto Mining One of the most notable advances this month comes from Kentucky. On March 24, the state governor signed the “Blockchain Digital Asset Act” (HB701) into law after the state Senate passed it with an overwhelming…
Bitcoin continued dominance has remained a defining feature of the current market cycle, with the leading crypto asset receiving most of the inflows into the market. At the time of writing, Bitcoin’s dominance over the entire market is at 60.3% after a 4% increase in the past 24 hours. Notably, crypto analyst Rekt Capital pointed to the 71% dominance level as an important threshold for crypto investors still awaiting an altcoin season. Reaching 71% Is Critical For An Altcoin Season The Bitcoin dominance chart, which tracks Bitcoin’s market capitalization in relation to the entire crypto market, has consistently risen throughout…
Tether acquires a 30.4% stake in Be Water to support technological innovation in content creation and distribution 27 March, 2025 – Tether, the largest company in the digital asset ecosystem, has announced a strategic investment in Be Water, an innovative media company specializing in the production and distribution of audio, video, film, and live content. Through a €10 million capital increase and equity acquisition, Tether will acquire a 30.4% stake in Be Water by the end of the month. Be Water, led by Executive Chairman Guido Maria Brera, aims to redefine media consumption through a technology-driven approach to content production…
Bitcoin price is consolidating above the $95,500 support zone. BTC is showing a few positive signs and might attempt a recovery if it clears $100,000. Bitcoin started a fresh decline below the $100,000 level. The price is trading below $99,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $98,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $100,000 zone. Bitcoin Price Holds Support Bitcoin price failed to continue higher above the $102,500 zone. It started another…
Swiss banking giant UBS has warned that stagflation — stagnant growth and high inflation — may be the next big threat. UBS Group AG’s Asia Pacific President, Iqbal Khan, described stagflation as investors’ primary risk while identifying select opportunities in the existing economic environment. Stagflation Fears Rise Amid Trade Tensions and Central Bank Measures Addressing Bloomberg’s Family Office Summit in Hong Kong, Khan said that perhaps the biggest question in the market today is how fast the economy grows and whether stagflation—a situation marked by weak growth, high unemployment, and high inflation—is the new normal. He noted: “That’s the real risk…
January 2025 was a busy month for the crypto industry. This period experienced several cryptocurrency launches, which added increased enthusiasm in the market. Several launched assets saw tremendous rises indicated by their market caps. Today, CryptoRank.io shared a list of the top 10 major digital assets with the biggest market valuations launched last month. Top 10 Tokens Launched by Market Cap in JanuaryApart from $TRUMP and $S, January saw few newly launched tokens surpassing $1B+ market cap. Instead, attention shifted toward tokens from @pumpdotfun and @virtuals_io, where lower-cap tokens are being launched and actively traded. pic.twitter.com/ja7NeamW88 — CryptoRank.io (@CryptoRank_io) February…