Author: NBTC
Illinois will soon drop its staking lawsuit against Coinbase, joining three other U.S. states that have recently backed down from litigation against the exchange. A spokesperson for Illinois Secretary of State Alexi Giannoulias told CoinDesk on Thursday that the office “intends to drop the Coinbase lawsuit.” The spokesperson did not reply when asked when the case may be dropped. Illinois was one of 10 U.S. states that brought charges against Coinbase in 2023 for allegedly violating state securities laws through its staking program. The U.S. Securities and Exchange Commission (SEC) also charged Coinbase with violating federal securities laws for its…
Bitget has secured a key license in El Salvador, joining other crypto firms exploring the country’s growing appeal as a regulated hub for digital assets. Cryptocurrency exchange Bitget has received a digital asset service provider license from El Salvador‘s National Commission of Digital Assets, following its earlier approval for a Bitcoin services provider license earlier in 2024, the company said in a Friday press release. According to the exchange, the new license allows it to offer more services in the country, including spot and derivatives trading as well as staking and other yield-focused products. Hon Ng, chief legal officer at…
Bitcoin’s hashrate has soared to unprecedented heights, hitting an astonishing 900 exahash per second (EH/s) as of April 6. 900 EH/s Milestone: Bitcoin’s Security Fortress Grows Stronger Merely a day earlier, at block 891,072, the network’s difficulty adjusted upward from 113.76 trillion to 121.51 trillion—a striking 6.81% leap. Conventional wisdom suggests that as difficulty climbs, mining becomes more arduous, often driving computational power down as participants exit. Yet, defying expectations, the hashrate not only held firm but accelerated further. After brushing against a lofty 883 EH/s on April 5, it vaulted to 900 EH/s the very next day. This translates…
Bitcoin’s price has been under pressure in recent weeks due to U.S. President Donald Trump’s newly announced tariffs, but analysts remain confident in their long-term bullish outlook. Despite today’s market decline, some experts predict that BTC will rise to new highs before the end of the year. Bitwise’s Head of Research Ryan Rasmussen has confirmed the firm’s $200,000 year-end price target for Bitcoin, saying the recent market turbulence is merely a temporary setback. “Once the market recovers from this ‘Independence Day’ chaos, we will finally start to see the market pull back to the upside,” Rasmussen said. “We like to…
The crypto community embraced President Trump and was rewarded with anti-regulatory policies. However, the trade war, fewer rate cuts, and other events rattled the stock market. The silver lining for crypto enthusiasts is that various DeFi developers are rolling out ambitious projects. Time.Fun The Solana-based platform, launched in February, is a market where fans may buy time they may share with their favorite creators. Creators set profiles on Time.Fun and are divided into several categories, including music, influencers, investors, marketing, UI/UX design, athletes, and others. We’re just about one month since launch with some incredible metrics, optimizations, products and creators.–…
Neo (NEO) has experienced a price dump of -35% in one week, dropping from 8 to 5 dollars. The Foundation has stated that it is not involved but rather intends to investigate the significant volatility of the crypto. Neo and the crypto price dump of over -35% in a week Neo: the investigation by the Foundation on the collapse of the crypto The bear market for Nansen Neo and the crypto price dump of over -35% in a week The crypto Neo (NEO) has experienced a price dump of over -35% in the last seven days, dropping from 8 to…
BlackRock and the US Securities and Exchange Commission met this week to discuss potential changes to crypto exchange-traded product workflows, including transitioning to in-kind redemptions for digital asset funds. The closed-door meeting, held on Monday, April 1, with the SEC’s newly formed Crypto Task Force, focused on the structure and mechanics of crypto ETFs. BlackRock’s team is understood to have discussed in greater depth the potential for in-kind redemptions, a model the firm has already filed for in its spot Bitcoin ETF. In-kind redemptions allow authorized participants to exchange ETF shares directly for the underlying asset, such as Bitcoin, instead…
Raydium’s dominance in Solana-based memecoin trading has increased to 83% over the past three months, even as overall memecoin market activity declined. According to Memecoins in Q1 2025 report by CEX.io, Raydium has seen its memecoin trading volume surge to 83% despite the contraction in the overall memecoin market activity and market cap. Memecoins were riding high on speculative momentum in January following high-profile political launches like the Trump (TRUMP) and Melania (MELANIA) tokens. At their peak, memecoins accounted for 11% of total crypto trading volume on Jan. 20, the CEX.io report noted. However, by April 1, the memecoin market…
Bitcoin is touted as a decentralized alternative to traditional financial markets. However, now that institutions and governments have embraced it, the largest cryptocurrency by market value has been tracking Wall Street, reacting like a volatile tech stock—influenced by interest rate shifts, tariffs, inflation data, and Federal Reserve remarks. On Thursday, Barstool Sports founder Dave Portnoy asked the question many investors are asking: Is Bitcoin truly independent from the stock market? “If the point of Bitcoin is to be independent of the US Dollar and non-regulated, why does it basically trade exactly like the US stock market nowadays?” Portnoy wrote. “Market…
DeFi’s TVL has decreased by more than 30% from its ATH of $137 billion noted in December 2024 to the current low of $94.65. That is according to the latest data shared today by crypto analyst Satoshi Club. The drop in TVL in DeFi is a reflection of the current market turbulence and global economic uncertainty. 🚨 DeFi’s TVL dropped over 30% since December’s $137B peak, now at around $94.5 billion. pic.twitter.com/a1ct1XhQZ1 — Satoshi Club (@esatoshiclub) April 5, 2025 Why DeFi TVL dropped to $94 billion As per today’s metrics from Satoshi Club, DeFi’s TVL hovers at $94.65 billion, after…