Author: NBTC
Thai residents have kicked against a government plan to legalize casinos and online gambling. According to recent reports, casinos and online gambling could be legalized and carried out using digital assets. The move, which the authorities claim will boost investment and tourism, is backed by the former Prime Minister of Thailand Thaksin Shinawatra. According to the former PM, legalizing online gambling could turn out big for the country, with his estimates putting the country’s annual revenue from the activities at 100 million baht (approximately $2.89 billion). The country has also approved a draft law to that effect, trying to use…
Coinbase chief legal officer Paul Grewal moved to debunk claims that the exchange does not support Solana. In response to an X user asking why Coinbase hates Solana, Grewal said that the exchange had spent millions of dollars to defend Solana. According to Grewal, the Coinbase team continues to find ways to defend Solana against the attack from the US Securities and Exchange Commission (SEC), which wrongfully classified the token as a security. He added that the exchange does not plan to relent because it believes in Solana. Grewal said: “My team and I wake up every day thinking about…
Bitcoin is nearing the $100,000 mark, rising over 2% in the past 24 hours after better-than-expected Consumer Price Index (CPI) data fueled optimism in financial markets. The largest crypto asset by market cap climbed $2,000 following the data release, reaching an intraday high of $99,400. Bitcoin is currently trading at $99,000, consolidating its position as the rally continues. December’s CPI increased by 0.4%, slightly exceeding analyst expectations and November’s 0.3% rise. On a year-over-year basis, CPI came in at 2.9%, aligning with forecasts but marking an increase from the previous 2.7%. Core CPI, which excludes volatile food and energy prices,…
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has faced persistent struggles throughout the year. Despite multiple attempts to reclaim momentum, Ethereum has fallen below $3,000 on occasion, reflecting an inability to sustain recovery. This lack of upward movement has triggered investor caution, leading many to sell their holdings to secure profits. Ethereum Investors Run Out Of Patience Investor sentiment surrounding Ethereum has shifted notably, with holders moving to offload their assets amid growing skepticism. Over the past week, more than 410,000 ETH, worth over $1.3 billion, has been sold. This spike in sell-offs is evident in the increased ETH…
As the TRUMP token plummets 40%, large investors are stepping in, seemingly betting on a potential rebound. Official Trump (TRUMP), a meme coin launched by President Donald Trump on Solana, has seen a dramatic price drop after Trump’s inauguration. In the past 24 hours, the price has tanked from $74 to just $38, sending some investors into panic mode. While it’s still unclear why the token took such a sharp dive, some link it to unrealized expectations surrounding Trump’s inauguration speech. On Monday, Jan. 20, crypto traders were hoping for some crypto-related news, only to be let down when Trump…
On Jan. 22, Roman Storm, a co-founder of the privacy-focused cryptocurrency protocol Tornado Cash, shared his thoughts about the ongoing money-laundering conspiracy prosecution against him on X. Members of the crypto dev community showed their support. My name is Roman Storm, and I am one of the founders of Tornado Cash, a non-custodial privacy protocol.I am being prosecuted for writing open-source code that enables private crypto transactions in a completely non-custodial manner. This prosecution represents a terrifying… — Roman Storm 🇺🇸 🌪️ (@rstormsf) January 22, 2025 Over the years, Tornado Cash has whipped up a storm of legal trouble. This…
Leading crypto exchange CoinW has launched a new promotional campaign for Shiba Inu ecosystem tokens. The top exchange announced the promotional event for Shiba Inu yesterday via an X post. The promotional event, dubbed ‘SHIB to the Moon,’ is a zero-fee spot trading offer for Shiba Inu ecosystem tokens. CoinW Shiba Inu Campaign Promotion Details According to an announcement, CoinW users can trade Shiba Inu ecosystem tokens, such as SHIB, Bone ShibaSwap (BONE), Doge Killer (LEASH), and Shiba Inu Treat (TREAT) without incurring any spot trading fees. Notably, CoinW also extended the offer to Dogecoin (DOGE). Per an announcement, the…
A court has ruled that over 94,000 Bitcoin seized from the 2016 Bitfinex exchange hack should be returned to Bitfinex and through “in-kind restitution,” according to a new filing shared by DB News. As expected *GOVT SAYS SEIZED BITCOIN FROM 2016 BITFINEX HACK SHOULD BE RETURNED IN-KIND Do they just ask Paolo for the addy? https://t.co/8iwx6J1XR6pic.twitter.com/ndNd1UrdWG — db (@tier10k) January 15, 2025 The Bitcoins stash was worth $3.6 billion upon seizure by the Department of Justice in 2022 and is now valued at about $9.3 billion, according to CoinGecko data. On July 6, 2023, Bitfinex received $312,219.71 in cash and…
Ethereum’s price is consolidating near $3,300 and forming a pattern signaling a breakout. A move above $3,380 could spark momentum and take Ethereum toward the $4,000 mark. Traders are closely watching this key moment as Ethereum shows signs of a strong market move. Ethereum’s price is consolidating near $3,300 with signs of an imminent breakout, according to analyst MikyEdge. A symmetrical triangle pattern, forming on the 8-hour ETH/USDT chart, shows the potential for a strong upward move toward $4,000. This technical setup has drawn attention as traders closely monitor the next key movements. $ETH is within a short-term range The…
Layer-2 blockchain projects like Polygon ($POL) are emerging because they solve the problems of scalability and cost in the decentralized environment. After gathering a report from LunarCrush, a recent report from Phoenix Group focuses on the Layer-2 projects regarding the social activity ranking. TOP #LAYER2 PROJECTS BY SOCIAL ACTIVITY$POL $MNT $ARB $ZK $STRK $OP $STX $CULT $IMX $MANTA pic.twitter.com/PKDkSM7Hjm — PHOENIX – Crypto News & Analytics (@pnxgrp) January 20, 2025 Metrics like active posts and total interactions reveal how these projects engage users, and $POL boasts the best figures, followed by $MNT and $ARB, with other successfully developing projects not…