Author: NBTC
In an impressive show of strategic insight, a savvy investor recently made waves in the digital asset ecosystem by committing 76 ETH, valued at approximately $277K, into the burgeoning Ora Protocol. This investment, which was made eight days ago, saw the investor acquire a substantial 137,133 $ORA tokens. What followed has been a remarkable journey of profitability as this smart money has not only entered a promising ecosystem but also profited by an astounding $223K (+1414%) in just under a week. A smart money spent 76 $ETH($277K) to buy 137,133 $ORA and started trading tokens in the @OraProtocol ecosystem.This smart…
As the meme coin craze continues, the market capitalization increased from $20 billion in January 2024 to $120 billion by the end of the same year. It is no surprise that Dubai’s Virtual Assets Regulatory Authority (VARA) has issued an alert informing consumers and investors of the risks associated with advertisements promoting subscriptions to memecoins. The alert emphasized that many meme coins lack intrinsic value and derive their pricing from social media trends, hype, or misleading promotional strategies. Memecoins issued out of Dubai need to adhere to VARA regulations Per VARA, “Investors should exercise caution when presented with claims of…
Push Chain, a shared-state blockchain to develop universal apps, has collaborated with Scroll, an EVM-compatible L2 scaling solution. The partnership targets enabling the universal accessibility of the open economy of the Ethereum Virtual Machine. The platform revealed this endeavor on its official social media account. 3/ What use cases does this collab unlock?🎮 Play universal games on Scroll, from any wallet, belonging to any chain.🤖 Deploy universal AI agents that perform autonomous operations across any chain.Unwrap more possibilities here👇https://t.co/7NsWB0Ct14 — Push Chain (@PushChain) February 14, 2025 Push Chain Collaborates with Scroll to Enhance Cross-Chain Accessibility Push Chain’s collaboration with Scroll…
One of the hottest Bitcoin trades in 2024 is slumping into the New Year. As of Thursday, MicroStrategy’s share price had fallen 45% from its November peak—sliding to $300 from a record price of $543 around six weeks ago. The Tysons, Virginia-based software firm went gangbusters on Bitcoin last year, purchasing billions of dollars worth of the cryptocurrency using equity and debt. On Monday, the company topped off its stash of 446,400 Bitcoin, worth $43 billion, with a $200 million Bitcoin purchase. Since MicroStrategy’s share price peaked, the Bitcoin-buying behemoth has purchased BTC five different times, yet each purchase has…
Nvidia has pumped $25 million into China’s self-driving startup WeRide, which of course is a huge change in its investment focus after cutting its stake in British chipmaker Arm Holdings. According to a 13F regulatory report filed on Jan. 31, the AI giant now owns 1.7 million shares of WeRide. The announcement sent WeRide’s stock surging over 90% in premarket trading. The Guangzhou-based WeRide, which specializes in robotaxis, autonomous minibuses, and freight sanitation vehicles, has been expanding its reach in the self-driving space. Founded in Silicon Valley in 2017, the company later incorporated in the Cayman Islands before launching China’s…
Ripple is adopting Chainlink’s standard to provide reliable pricing data for its RLUSD stablecoin, aiming to enhance its utility across decentralized finance applications, according to a statement shared by the team on Dec. 7. The integration comes after RLUSD’s launch last December, following regulatory approval from the New York Department of Financial Services. The USD-backed stablecoin has reached a market cap of about $72 million according to CoinGecko, and is available on exchanges including Uphold, Bitso, MoonPay, Archax, and CoinMENA. To be effectively used in DeFi applications, stablecoins need reliable on-chain price data. Ripple has selected Chainlink Price Feeds as…
World is pausing its operations in Brazil after an appeal to continue collecting citizens’ biometric data failed. The national watchdog ordered the project to cease exchanging crypto for this data, and World will need to pause its operations in order to adapt to this decision. World Pauses Operations in Brazil to Adapt to National Data Watchdog Decision World, the proof-of-personhood protocol that seeks to validate the humanity of its participants using biometric data, is facing difficulties derived from its business model in Brazil. The project lost an appeal directed to the National Data Protection Agency (ANDP), asking for a delay…
The staking ecosystem is growing rapidly, with rising institutional interest and potential regulatory oversight. Everstake, a blockchain validator, secures over 80 cryptocurrencies and supports some of the industry’s leading networks. In an exclusive interview, Sergey Vasylchuk, Everstake CEO discussed the platform’s origins, the challenges of staking, regulatory developments, and the role of governance in blockchain ecosystems. Balancing Growth, Security, and Risk Management Everstake’s journey began as an experimental project while Vasylchuk was building a cryptocurrency exchange. As a software developer with a background in payments and banking, he was focused on making blockchain technology faster and more practical for financial…
Bitcoin (BTC) climbed 3% over the past 24 hours to a monthly high of $97,822 after trading below the $95,000 level for well over a week, according to CryptoSlate data. As of press time, the flagship crypto was trading at $97,029. The recovery movement comes despite old whales continuing to realize profits, which has led to significant sell pressure in recent weeks, as highlighted by CryptoQuant CEO and founder Ki Young Ju. Ki explained that over-the-counter trading desks register a high volume of negotiations while exchange deposits rise. These are common signs of short-term negative price variations. However, he believes…
Some of the largest U.S. banks are moving into the crypto space, taking advantage of regulatory ease under President Donald Trump to expand their digital asset services. While full-scale crypto trading remains a challenge due to regulatory hurdles, digital asset custody services are emerging as a primary focus for institutional investors. According to The Information’s crypto reporter Yueqi Yang, banks like State Street, BNY Mellon, and Citigroup are actively working to establish or expand crypto custody operations. State Street, a major player in the traditional asset custody space, is set to launch digital asset custody services next year. BNY Mellon,…