Author: NBTC
India’s law enforcement authorities confiscated properties worth $11m owned by businessman Raj Kundra as part of an investigation related to an alleged Bitcoin scam. Under the stipulations outlined in the Prevention of Money Laundering Act (PMLA), the Enforcement Directorate on Thursday declared its temporary seizure of both real estate and personal assets Kundra owns. The ED’s measures are part of its inquiry into alleged money laundering endeavors associated with Kundra. He is Bollywood actress Shilpa Shetty’s husband. In the statement, the authority said it launched an investigation based on numerous First Information Reports (FIRs). These reports targeted M/s Variable Tech…
Kraken, one of the world’s top exchanges, has announced that its United Kingdom-based users will now be able to trade viral Solana-based meme coins Bonk (BONK) and Dogwifhat (WIF). On top of that, Jito (JTO), Dymension (DYM), Jupiter (JUP), Polygon Ecosystem Token (POL) and Wormhole (W) have also appeared on the list of supported coins for U.K. residents. As reported by U.Today, Coinbase International also announced the listing of WIF on Thursday. Kraken’s ambitious expansion On Thursday, the exchange confirmed that it had acquired cryptocurrency platform TradeStation Crypto in order to accelerate its U.S. presence. TradeStation has obtained multiple regulatory…
Bitcoin open interest signaled higher price expectations from investors, but one analytics firm opined a possible market correction amid historic spot ETF net inflows. According to SoSo Value, Bitcoin (BTC) futures open interest reached a new all-time high (ATH) of $33.9 billion on March 13 as the cryptocurrency set another ATH. The landmark moment for BTC contract holdings came as the $1.4 trillion asset hit a $73,637 price tag, per CoinMarketCap. BTC futures open interest | Source: SoSo Value BTC contract positions leapfrogged the previous peak of $23 billion recorded during the bull cycle top in November 2021. SoSo Value…
Introduction to New Specialized Platforms Likewise, the transition from traditional media platforms to emerging specialized platforms has become a critical challenge since they often complement each other through cross-promotion. Abruptly entering the cryptocurrency landscape, Abra – one of the leading crypto services companies – has generated two novel solutions specifically designed for the different types of customers namely individual and institutional investors. Abra’s mentioned platforms are Abra Private and Abra Prime. They are created based on the correspondence to the separate categories to private clients including family offices and trusts, as well as institutional customers such as hedge funds, venture…
Whale Insider, a leading crypto media resource, has identified six promising meme coins on the Base network with less than $1 billion market capitalization. America’s largest exchange Coinbase introduced Base, its proprietary blockchain network built atop Ethereum, to the public last August. Base has since attracted significant attention, with its total value locked (TVL) soaring to the current $1.27 billion amid the market uptrend. While Solana has taken the spotlight with respect to meme coins during the current cycle, other networks such as Base have also welcomed some promising projects. For instance, Degen (Base), a meme coin on Base with…
The Bank of Russia has endorsed the expedited integration of cryptocurrency for global transactions. Elvira Nabiullina, the bank’s governor, emphasized the necessity for these digital currency transactions to be initiated within a controlled, experimental framework, akin to a sandbox environment. Meanwhile, transactions involving sovereign digital currencies, also referred to as central bank digital currencies (CBDCs), are set to proceed without such experimental stipulations. Russia advocates for a broader array of currencies and payment mechanisms in international dealings. Last week, Nabiullina announced the bank’s support for swift legislative progress to facilitate cryptocurrency transactions for global payments. Nevertheless, she insisted that these…
Ramp Network, the financial technology company building payment rails connecting crypto to the global financial system, has announced it is enabling the purchase and withdrawal of the USDt on TON stablecoin launched by Tether. With native USDt on TON, the network enhances Tether’s use case by enabling a simple, borderless experience for peer-to-peer payments in the Telegram Messenger ecosystem, which has grown to more than 900 million users globally. USDt is already the world’s most widely-used stablecoin with a market cap of more than 107 billion dollars, supported on dozens of leading blockchains, and its launch on TON network, which…
The future is not assured until it has passed, but successful cryptocurrency investors have relied on how powerful the recurring patterns are in these historical trends. Here are 12 Bitcoin halving cycle protips from crypto influencers on X, the social media website formerly known as Twitter. 1. It’s Still Early On This Halving Cycle Like clockwork 😄 #Bitcoin pic.twitter.com/BrZRDsgsLN — Thomas | heyapollo.com (@thomas_fahrer) March 2, 2024 It may feel strange to traders to step out into new waters and make long entries in BTC right after a new all-time high. But as seasoned traders know, and as you can…
Nibiru Chain invests over $15M in developer grants to support its smart contract platform’s growth and ecosystem expansion. The post Nibiru Chain reveals $15 million grant for developers appeared first on Crypto Briefing. Nibiru dedicates $5 million to Asian developers, enhancing global Web3 growth. Nibiru Chain reveals $15 million grant for developers. Nibiru Chain has launched the Nibiru Builder Grants, committing over $15 million to support its developer ecosystem. According to the announcement, this grant represents approximately 2.5% of Nibiru’s native token supply, and aims to enhance decentralization, security, and scalability on the platform. Developers in the Asia region have…
Pro-XRP attorney Bill Morgan has highlighted three enduring FUD narratives within the XRP community despite numerous efforts to debunk them. Recently, Morgan weighed in on the continuous trend of negative narratives about XRP circulating in the crypto community. Pointing out three of the top negative narratives, he noted that it appears the XRP Army cannot move on from the prevalent misconceptions. There are three species of FUD that it seems the XRP community cannot move on from and continue to entertain no matter how many reasons are put forward to dismantle these incorrect narratives: the three incorrect narratives including no.3…