Author: NBTC
Shiba Inu remains a favorite among crypto proponents, with over 12,000 addresses holding at least 1 billion SHIB despite the current market challenges. The crypto market is currently facing turbulence this month as a result of a correction that has sent prices down. Bitcoin (BTC), the leading crypto asset, collapsed below the $65,000 on April 3 but subsequently recovered. Despite the recovery, its bearish trend has impacted all other assets, including Shiba Inu. SHIB equally slumped to the $0.000025 low on April 3 before it recorded a recovery push. Much like Bitcoin, Shiba Inu remains in bearish territories despite recovering…
The DOJ is reconsidering its decision to appoint Sullivan & Cromwell as Binance’s independent monitor because of its relationship with FTX. According to Bloomberg, the law firm was on the verge of being named to oversee Binance’s compliance with a settlement that included a $4.3 billion penalty for breaching U.S. anti-money laundering laws and sanctions regulations. The role was part of an agreement with both the Justice Department and the Treasury’s Financial Crimes Enforcement Network (FinCEN). However, the decision has been stalled due to concerns over Sullivan & Cromwell’s previous association with FTX. The law firm’s role in handling FTX’s…
Hong Kong regulators on Monday approved the launch of spot bitcoin and ether exchange-traded funds (ETFs), according to local reports. It’s the latest signal of the increasing institutionalization of the world’s leading crypto assets, and perhaps a harbinger of things to come in mainland China, which banned virtually all crypto activity in 2021. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here. ChinaAMC, Harvest Global and Bosera International are among the asset managers granted licenses to launch these spot…
A Bitcoin (BTC) whale known as “Mr. 100” has captured the attention of the crypto community in recent days. The enigmatic individual has amassed a staggering 52,996 Bitcoin, worth over $3.5 billion, making them the 14th-largest holder of the digital currency. On March 15, the whale purchased at least 1,000 Bitcoin, which accounted for 52% of the total 1,907 BTC bought by the top 10 Bitcoin exchange-traded funds (ETFs), sparking speculation about the true identity of Mr. 100. Mr. 100 Consistently Receives Bitcoin Interestingly, the wallet associated with Mr. 100 has been consistently receiving Bitcoin since November 2022, around the…
Failed crypto lender Celsius began issuing refunds in early 2024. But, from a tax perspective, the matter remains unresolved. The lack of clear IRS guidance has left many investors puzzled about how to address these refunds. At first glance, since investors have only received partial refunds so far (and even under the full restructure plans would only receive up to a 79.20% recovery), many would assume that they’d be able to finally realize losses from their investments after the platform abruptly halted transactions and held user funds back in 2022. But it’s not quite so clearcut. Michelle Legge is a…
The spotlight shines on Shiba Inu (SHIB) following its remarkable performance in terms of social and market activities over the past six months. Leading canine-themed cryptocurrency Shiba Inu (SHIB) has attracted the attention of the broader crypto community with its incredible growth over the past six months. Data from the prominent social intelligence platform LuarCrush shows that Shiba Inu soared tremendously in social and trading metrics during this period. Shiba Inu’s Social Metrics Notably, the metrics where Shiba Inu recorded significant growth under the social category include creators, interactions, social media posts with interaction, posts created, and social dominance. While…
El Salvador’s President Nayib Bukele reaffirmed the nation’s daily dedication to purchasing one Bitcoin. Bukele disclosed the transaction receipt for the day’s purchase, reflecting the country’s ongoing commitment to this initiative. One Bitcoin a Day Proving Successful In November 2022, Bukele announced a dollar-cost averaging (DCA) plan for El Salvador. At the time, he committed to purchasing one BTC per day as part of the country’s pro-crypto policy. Despite facing initial criticism from various international financial organizations due to the bearish performance of the crypto market at the time, the decision has proved to be a strategic success. The recent…
Which pays more: a two-year Taiwanese government bond, or a prediction market contract about the potential invasion of Taiwan by China? Turns out it’s the prediction market contract. “No” shares on crypto-based platform Polymarket are trading at 92 cents, which means that should China not invade Taiwan by the end of the year, holders get an 8% return on their money. In comparison, a two-year bond from its central bank is paying just over 1.26%. Read more: Which Crypto Projects Will Airdrop Next? Prediction Markets Are Placing Bets Government bonds have historically been a bet on the future prospects of…
According to the recent data shared by the Shibburn team, within the past 24 hours, the SHIB army has transferred a massive amount of meme coins to “inferno” wallets, burning those SHIB without a chance of recovery. In the meantime, the SHIB price has managed to recover after yesterday’s plunge and the mysterious SHIB lead Shytoshi Kusama has published a festive tweet. SHIB burns jump to flabbergasting high The above-mentioned data source has reported that since last morning, the loyal SHIB community, which includes both enthusiastic individuals and legal entities, has transferred 87,760,994 SHIB to unspendable blockchain wallets. These burns…
The markets are rallying exuberantly for BTC for a couple of reasons this March. Institutional investors bought deep after the SEC opened up Wall Street access to Bitcoin price exposure through custodial spot ETFs. That only adds to the scarcity shock with the supply halving coming up next month. However, many blockchain crypto trading strategists think it is hard to overstate the importance of the ETF approvals by the Securities and Exchange Commission. The new paradigm does not merely allow regulated investors to do so. It caps off a year of incredibly welcoming and accommodating policies for Bitcoin and cryptocurrencies…