Author: NBTC
The Virtuals Protocol has recently made headlines following the withdrawal of 4 million VIRTUAL coins from its official wallet, amounting to an impressive 16.28 million dollars. Following this move, 1 million of these coins—valued at around 4.07 million dollars—were sent to the Bybit cryptocurrency exchange, sparking interest in the ongoing transfers from this protocol. Contents hide 1 What Does This Withdrawal Indicate? 2 Are More Transfers on the Horizon? What Does This Withdrawal Indicate? This significant withdrawal signals a trend within the Virtuals Protocol, as it highlights a pattern of transferring VIRTUAL coins, which has totaled approximately 62.56 million dollars…
Sam Bankman-Fried, the imprisoned former CEO of FTX, is hoping that President Trump will pardon him. In a recent interview, he portrayed his own conviction as part of the anti-crypto overreach of Biden’s Presidency. However, while Bankman-Fried was a free man and a billionaire, he donated millions against Trump in the 2020 election. Securing a pardon under these circumstances may be a long shot. Will Trump Pardon Sam Bankman-Fried? Sam Bankman-Fried, one of the biggest criminals in crypto history, is trying to get out of federal prison. He has consistently petitioned for his release since the legal battle begun in…
In the rapid-paced financial sector, crypto is a prominent source to make substantial profits. Crypto investors utilize several methods to earn profit from the crypto assets and one of them is crypto arbitrage. Crypto arbitrage is a simplified way to capitalize on price differences of diverse crypto exchanges. This guide covers this technique in detail, focusing on its functionality, its different types, the risks involved in it, and automated trading’s role in crypto arbitrage. Crypto Arbitrage: An Introduction Crypto arbitrage trading refers to a method that focuses on leveraging the price discrepancies existing in the crypto market. Particularly, this method…
As Bitcoin (BTC) struggles to reclaim the $100,000 resistance, a market expert is warning that the asset’s momentum above this level might have ended for now, and investors should anticipate a massive crash. Notably, after hitting a record high of over $108,000, Bitcoin has faced sustained sell-offs, leaving the leading digital asset at risk of dropping below $90,000. In this case, BTC has been ‘smacked down’ by psychological resistance at the six-figure spot, triggering what could be the start of a significant correction, according to cryptocurrency analyst MFHoz in an X post on December 28. The expert acknowledged that Bitcoin…
Popular Shibburn tracking service that monitors daily and weekly SHIB burn transactions and then shares the details on its website and on the X social media platform has revealed that over the past year, a staggering amount of SHIB meme coins have been transferred to “inferno” wallets. More than two tens of billions of them was destroyed in virtual flames. 44.6 billion SHIB gone in 2024 Shibburn revealed that in 2024 cumulative efforts of the SHIB community and the Shiba Inu developer team have made possible the destruction of 44,623,604,014 SHIB in total. That is the equivalent of a little…
Friedrich Merz leads Germany’s election with a pro-business agenda that could indirectly benefit crypto and fintech sectors. Alice Weidel’s AfD proposes radical crypto deregulation, challenging Germany’s traditional financial stability approach. Germany’s upcoming federal election on February 23, 2025, could mark a turning point in the nation’s approach to cryptocurrency and financial innovation. Friedrich Merz, leader of the center-right Christian Democratic Union (CDU), leads the race with a pro-business and innovation-driven platform. His main rival, Alice Weidel of the far-right Alternative for Germany (AfD), advocates for aggressive crypto reforms and full deregulation of digital assets. With Germany’s influential role in European…
North Korean hackers have started laundering stolen Bybit funds, with blockchain intelligence firm Elliptic tracking over $140 million in initial transactions designed to obscure the money trail. The stolen funds are being systematically moved through anonymous exchanges before being converted to Bitcoin, a process that makes it harder to trace and recover the assets, the firm wrote in a blog post on Saturday. “The second step of the laundering process is to ‘layer’ the stolen funds in order to attempt to conceal the transaction trail,” Elliptic wrote. “This transaction trail can be followed, but these layering tactics can complicate the…
Hedera has inked important partnerships to track Carbon emissions in the automobile industry. With Hedera gaining traction in the mainstream tech sector, the impact on HBAR might be resounding in the future. Hedera (HBAR), a popular decentralized open network, continues to increase its involvement in real-world adoption. In a recent development, Hyundai and Kia unveiled the Integrated Greenhouse Gas Information System (IGIS), a cutting-edge innovative platform. Hedera Enhance Hyundai and Kia’s IGIS The IGIS platform is designed to monitor, quantify, and manage carbon emissions across Hyundai Motor and Kia’s operations, leveraging blockchain technology for data management. Notably, IGIS is integrated…
The head of Australia’s competition regulator warned that US President Donald Trump’s pledge to relax crypto regulations could lead to “horror scenarios” for Australian consumers by making them more vulnerable to investment scams. Gina Cass-Gottlieb, chair of the Australian Competition and Consumer Commission (ACCC), said any weakening of oversight in the US could exacerbate the risks associated with crypto-related fraud. Cass-Gottlieb told ABC News: “This is an environment — because of the sophistication of global crime, and also because potentially of regulatory ‘freeing up’ — that we certainly have an enhanced concern.” Trump, who has positioned himself as a pro-crypto…
There’s been some unusual activity in the Bitcoin (BTC) market this weekend, as in the last two days a new wallet has withdrawn 2,700 BTC, worth about $256.38 million, from Binance, the world’s largest cryptocurrency exchange. First, this wallet withdrew 1,000 BTC worth $94.43 million yesterday. Less than a day later, another transfer of 1,700 BTC worth $161.35 million left the exchange. Now the wallet holds 2,700 BTC, which is a lot of cash to move around in such a short amount of time. What’s even more interesting is that this unknown wallet came out of nowhere with no previous…