Author: NBTC
Degen Chain, the latest blockchain entrant, has set the crypto industry abuzz with its features and possibilities. The Degen chain was announced on March 28 by pseudonymous founder Jacek and infrastructure provider Syndicate. At its core, Degen Chain reportedly represents a low-cost Layer 3 solution, boasting an architecture designed to cater specifically to community needs. Degen Chain stands out as one of the platforms introducing a community token with its own L3 infrastructure anchored by its native gas token, $DEGEN. The Pillars of Degen Chain Degen Chain comprises three essential components: Arbitrum Orbit: Serving as the underlying technology stack,…
The US Securities and Exchange Commission (SEC) has imposed the largest fine ever on a cryptocurrency project, with a staggering $5.3 billion fine against Do Kwon and Terraform Labs. After an extensive investigation and a relatively brief two-week trial in New York, Kwon and Terraform were found guilty of fraud. They were accused of concealing significant risks in the trading scheme designed to ensure the survival of the UST stablecoin and the unsustainable 20% yield offered by Terraform’s Anchor lending platform. Kwon, who was arrested in Montenegro last year with a fake passport, did not attend the hearing. Kwon is…
While it remains a matter of curiosity when the FED will cut interest rates, the PCE data, which the FED follows as a leading data on inflation, was announced today. While the above-expected PCE data was considered a signal that interest rate cuts may be delayed, Nigel Green, CEO of deVere, one of the world’s largest asset management companies, warned that there is a high probability that the FED will not reduce interest rates this year. Evaluating the announced PCE data, deVere CEO stated that interest rate cuts may be delayed until 2025 and said: “These data are another setback…
VeChain Founder Sunny Lu has teased the future of the protocol with a strong tilt toward sustainability. Lu believes billions of users will leverage VeChain’s solution in the future, a move bolstered by the integration of incentives. Sunny Lu, Founder of VeChain (VET), the enterprise-grade smart contract protocol designed to trigger the mass adoption of blockchain technology, has provided a glimpse into the network’s mission and vision to promote sustainability and reward positive behavior within its ecosystem. Rewarding Positive Behavior In an exclusive interview with Ajwritescrypto on YouTube, Lu emphasizes the importance of providing a platform where individuals are incentivized…
The Internal Revenue Service (IRS) is enhancing its oversight of cryptocurrency transactions through the use of artificial intelligence (AI). In a groundbreaking move, the IRS released a draft of Form 1099-DA for Digital Asset Proceeds From Broker Transactions, signaling a significant step forward in the enforcement of crypto tax compliance. Concerns Rise as IRS Employs AI to Monitor Crypto Transactions This development aligns with the agency’s proposed regulations introduced last year, aimed at refining the reporting of digital asset sales and exchanges by brokers. The regulations stipulate that beginning January 1, 2025, brokers, encompassing digital asset trading platforms and payment…
Pantera Capital launches Pantera Fund V with a $1 billion target, diversifying into startup equity, early-stage, and liquid tokens. Fund V aims to attract a broad range of investors with a $1 million minimum entry point and an initial $25 million from limited partners. With over $3.5 billion already invested in crypto in 2025, Pantera’s initiative signals a robust market rebound and renewed investor interest. Pantera Capital is set to launch an initiative with its new Pantera Fund V, targeting a robust $1 billion capital raise. Slated to begin in April 2025, this fund aims to encompass a comprehensive array…
Stakin, a popular staking-as-a-service provider, has recently passed an exclusive proposal. As per the company, the proposal is ‘Timely Vote Credits’ which will launch on Solana’s mainnet to make the network more transparent and profitable. On its official X account, Stakin expressed enthusiasm regarding the latest update. Proud to announce that we’ve voted YES to enabling Timely Vote Credits on Solana Mainnet. We believe that TVC will make Solana fairer and more performant.For context:– https://t.co/K52r8g0r2p– https://t.co/PKbYuJlkIVMake sure your validator votes too 🗳️ — Stakin (@StakinOfficial) April 1, 2024 Stakin’s Exclusive Proposal Request Launching ‘Timely Vote Credit’ Mechanism on Solana In…
Justin Sun, the founder of Tron blockchain, has recently supported Changpeng Zhao, the founder of the well-known blockchain Binance. In his recent post on the social media forum X, Sun noted that Zhao had a comprehensive impact on the entire blockchain industry. As per him, Zhao made significant contributions to this sector. 在CZ亲朋好友的支持信中，我不仅看到了CZ对于区块链行业的深刻影响，更感受到了区块链行业背后的空前团结与往事的感人肺腑。作为行业守护者，CZ对于行业贡献是无法磨灭的。我衷心祝愿CZ能够平安归来，继续带领行业去探索无限可能。时间会证明一切！ — H.E. Justin Sun 孙宇晨 (@justinsuntron) April 25, 2024 Changpeng Zhao of Binance Pleads Guilty to the Allegations The Binance founder has been facing some criminal charges in recent months. The reports point out that the allegations took into account the infringement of the requirements concerning money…
In the latest sign that the crypto market’s enduring meme coin fever is likely far from breaking, the co-founder of the popular Doodles NFT brand released a surprise POOP token over the weekend to community members. It stirred excitement, but also some controversy too—because a sizable chunk of the total supply was quickly snapped up by “snipers,” spurring accusations of traders working with inside information. On Saturday, Doodles co-founder Jordan “Poopie” Castro abruptly announced in a blog post that he had whipped up a meme coin with little inherent value beyond its association with feces. The POOP token was launched…
Sarah Netburn’s recent nomination as District Judge in the Southern District of New York (SDNY) holds significant implications, particularly within the ongoing legal confrontation between Ripple vs SEC. As the sitting judge presiding over the Ripple vs. SEC case, Netburn’s demonstrated pro-crypto stance and reputation for rendering equitable judgments could potentially tilt the scales in favor of Ripple. The timing of her nomination is crucial as the unresolved matter of Ripple’s opposition to the SEC’s hefty civil penalties underscores the importance of her judicial role. Why it Matter? In its recent filing, Ripple aggressively contested the SEC’s unreasonable demands instead…