Author: NBTC
The defense for former SafeMoon CEO John Karony summarized its case late on Tuesday, May 20, hoping to cast doubt on prosecutors’ compelling evidence. Karony is charged with conspiracy to commit wire fraud, securities fraud, and money laundering in connection with SafeMoon, a crypto token that saw a wild surge in popularity and market value in early 2021, at the peak of a crypto bull market rife with frauds. Prosecutors have convincingly demonstrated that Karony misrepresented the mechanics of SafeMoon, including its purportedly “locked” liquidity pool and the flow of revenue from exchanges, including BitMart, which traded the token. Nicholas…
The Internet Capital Markets meta, which involves turning app ideas into tradable assets, is gaining traction within the crypto community. Among the most talked-about tokens on platforms like X (formerly Twitter) is Launch Coin (LAUNCHCOIN). It has grown substantially in the past few days, reaching a $100 million market cap. Following this are Dupe (DUPE) and CreatorBuddy (BUDDY), both of which have seen their market capitalizations reach double digits. Launch Coin (LAUNCHCOIN) LAUNCHCOIN is the Believe app’s token. This platform is at the center of the Internet Capital Markets trend. It simplifies token creation by allowing users to mint their…
XRP lawyer Bill Morgan has directly confronted Senator Cynthia Lummis about a potential loophole in stablecoin legislation. The loophole could give Tether’s USDT an unfair advantage over American-issued stablecoins. Morgan’s challenge comes amid growing criticism of the Senator’s approach to cryptocurrency regulation. Questioning Lummis’s Refusal to Meet Ripple CEO Brad Garlinghouse Morgan questioned whether concerns over the controversial provision may be the reason Senator Lummis declined to meet with Ripple CEO Brad Garlinghouse. The XRP lawyer suggested the Senator may have wanted to avoid discussing how the loophole could benefit USDT while disadvantaging compliant American stablecoin issuers like Ripple’s RLUSD.…
Analyst and trader Kevin Svenson is leaning bullish on Bitcoin (BTC) amid the flagship crypto asset rising by over 15% over the past month. Svenson tells his 82,800 YouTube subscribers that, based on the Moving Average Convergence Divergence (MACD) indicator, a tool used to identify changes in market trends and sentiment, Bitcoin bears have begun losing momentum on the weekly time frame. The crypto trader and analyst further says that Bitcoin is “shaping up with an ascending triangle” on the four-hour time frame. An ascending triangle pattern is a bullish formation that’s confirmed when the price breaches the upper horizontal…
Economists at the banking giant Wells Fargo think the Trump Administration’s tariff policies are unlikely to reshore a significant number of manufacturing jobs in the US for the “foreseeable future.” Sarah House, Nicole Cervi and Aubrey Woessner argue in a new analysis that higher prices and policy uncertainty could impact US firms’ capability to expand payroll. “As downstream industries face higher costs, they must decide whether to absorb them and accept lower margins, pass them onto customers via higher selling prices or a combination of the two. Neither avenue is supportive of employment growth.” The economists say that reshoring manufacturing…
Shiba Inu (SHIB) has managed to maintain its resilience as a major reset is underway. In the past 24 hours, the coin has seen a significant bump in its trading volume on the top digital currency trading platform, Binance. While the overall trading volume fell by 3.67% to $634.57 million, the volume on Binance is soaring. Shiba Inu shows power move on Binance Per data from CoinMarketCap, the SHIB/USDT trading volume on Binance jumped by 13.62% to $90,375,845. On the other hand, the SHIB/USDC trading pair has recorded just about $6,719,074. Combined, these pairs have seen a cumulative trade of…
The U.S. crypto industry’s potential primary watchdog, the Commodity Futures Trading Commission, has a staffing problem at the top, with the last of its sitting commissioners announcing her departure plans before the arrival of the agency’s chairman picked by President Donald Trump. Democrat Kristen Johnson has now joined the other three sitting commissioners in making her departure plans clear on Wednesday, leaving Trump’s choice to lead the agency — former Commissioner Brian Quintenz — potentially running an empty commission. If confirmed by the Senate, Quintenz is taking over the spot currently occupied by Christy Goldsmith Romero, a Democrat who said…
DAC Platform, a well-known on-chain platform to back digital communities, is now an official partner of PEPE GAMES, a community-led platform for Web3 gaming. The partnership aims to combine the community-driven gaming and the cutting-edge quest-based user engagement in the Web3 sector. The platform took to its official social media account on X to disclose this partnership. 🚀 COLLABORATION ANNOUNCEMENT 🚀DAC Platform x PEPE GAMES 🤝Say Hello to Our New Partner: @PEPEGAMES_69!🐸 PEPE GAMES (PPG) is the first MEME-themed Web3 gaming hub on Solana, blending entertainment, community culture, and AI technology. The platform currently features two… pic.twitter.com/zaXUnBIw4Q — DAC Platform…
Bitcoin (BTC) is exhibiting signs of a potential bullish trend in May, driven by key indicators. Experts have highlighted factors such as miner economics, network hashrate, long-term holder accumulation, and rising global fiat liquidity, suggesting that a price increase could be on the horizon. This comes as the largest cryptocurrency continues its recovery rally from early April lows, up 14.6% over the past month. Is a Bitcoin Bull Run Returning? In the latest X (formerly Twitter) post, analyst and WiM Media founder Robert Breedlove referenced Blockware Team’s average miner breakeven cost data to forecast that Bitcoin might be on the…
In a significant move for the Canadian cryptocurrency landscape, Toronto-based Stablecorp has successfully closed a funding round, securing $1.8 million USD. This investment is specifically earmarked to accelerate the growth and capabilities of QCAD, the company’s pioneering stablecoin pegged directly to the value of the Canadian dollar. Why is This Stablecoin Funding Important? The successful completion of this stablecoin funding round highlights growing investor confidence in the potential of regulated, fiat-backed digital currencies, particularly within specific national markets like Canada. For Stablecorp and its QCAD project, this capital infusion is not just about expansion; it’s about building robust, transparent, and…