Author: NBTC
The introduction of Estate Protocol, a game-changing venture within the MANTRA Incubator program may have just unfolded a new chapter in the world of blockchain and real estate. Aimed at redefining property investment, Estate Protocol utilizes the groundbreaking concept of real world asset (RWA) tokenization to make real estate accessible to a broader audience. Traditionally, investment opportunities in this sector have been tightly held by those with significant capital, sidelining average investors due to daunting financial barriers and complex management requirements. Estate Protocol emerges as a beacon of innovation, promising to dismantle these long-standing barriers. By implementing tokenization, the project…
On Friday, July 5, 2024, at 8 p.m. EDT, as bitcoin’s price hovered around $56,500 per unit, a dormant wallet, created on Nov. 24, 2013, transferred over 1,000 BTC, valued at $56.5 million, at block height 850,855. Long-Inactive Bitcoin Wallet Transfers Over $56M At 8 p.m., or Bitcoin block height 850,855, a wallet created ten years and seven months ago moved a substantial 1,004.49 BTC. Interestingly, this wallet, created on Nov. 24, 2013, accumulated its balance through several deposits. The initial deposit occurred on the wallet’s creation date, adding 0.5 BTC. The following day, Nov. 25, 620 BTC was deposited…
As the cryptocurrency market rebounds from a recent downturn, investor sentiment is shifting positively, suggesting a potential upswing. This surge is anticipated to push several altcoins beyond the $5 billion market cap mark, signifying a major milestone in their valuation and influence within the broader cryptocurrency landscape. Finbold has highlighted two cryptocurrencies likely to surpass this threshold. These assets are nearing the milestone, with their trajectory dependent on the continuation of the bull run and factors like supply inflation. High supply inflation could increase their market cap even if their prices remain unchanged. Aptos (APT) Aptos (APT) recently set a…
July 18 (Reuters) – A new law could help Argentina regulate its booming cryptocurrency market as the country aims to reduce risks such as money-laundering associated with the digital assets, experts say. In the last year, Argentina saw $85.4 billion worth of crypto transactions, making it one of the largest crypto havens in the world, according to data platform Chainalysis, as Argentines seek to battle triple-digit inflation and a struggling currency. On Wednesday, the Argentine government signed a fiscal package that includes tax amnesty for individuals who declare up to $100,000, including registered crypto assets. Roberto Silva, president of the…
Fantom Foundation, an L1 using just one consensus layer, has announced a new joint initiative. As per the platform, Sonic Labs and Fantom Foundation are collaborating with Alchemy, a resilient forum that improves and streamlines the creation of blockchain-based apps. The company disclosed this partnership on its official X account. We’re excited to announce our partnership with @AlchemyPlatform 🎉Alchemy will serve as a key launch partner for #Sonic and offers the following on Opera immediately and Sonic when it launches:⚙️ Robust blockchain infrastructure and expertise for developers🌐 Access to… pic.twitter.com/W0ZL95f6B1 — Fantom Foundation (@FantomFDN) July 18, 2024 Fantom Foundation as…
Galatasaray secured its championship in the Turkish Super League with a decisive 3-0 lead by the 75th minute of their final match, leaving Fenerbahçe with little chance of overtaking them. This victory has sparked a notable rise in interest in the Galatasaray Fan Token (GALF), which surged to $7.85, a price not seen since November 2021. However, the token couldn’t sustain this peak for long and eventually dropped below $5, triggering profit-taking among investors. Contents hide 1 Galatasaray Fan Token Price Surge 2 Which Altcoins Are Popular Among Turks? 3 Key Takeaways for Investors Galatasaray Fan Token Price Surge The…
Tren de Aragua (Aragua’s Train), a criminal gang with Venezuelan origins, has been sanctioned by OFAC as a transnational organization engaging in kidnapping, human trafficking, extortion, and other illegal behavior. The U.S. Department of the Treasury also stated that the organization had used cryptocurrency to launder the proceedings of their activities to some extent. OFAC Adds Tren De Aragua as Designated Entity for Various Crimes, Including Crypto Money Laundering The Office of Foreign Assets Control (OFAC) is strengthening its grip on criminal organizations harnessing cryptocurrency for their crimes. The multinational organization Tren de Aragua (Aragua’s Train), which has Venezuelan origins,…
Botanix Labs has partnered with Ankr and Asphere to develop Spiderchain, a new Layer 2 (L2) solution for Bitcoin. This collaboration aims to enhance accessibility, scalability, and reliability for Bitcoin builders and users within the Spiderchain ecosystem. 🚀 We are excited to share that Ankr & Asphere have teamed up with @BotanixLabs to play a pivotal role in creating the Spiderchain L2!The Spiderchain is a groundbreaking project bringing smart contracts to the Bitcoin network!Let’s get in to the details 🧵 pic.twitter.com/IV1xxZ1CAd — Ankr (@ankr) July 18, 2024 Botanix Labs is pioneering infrastructure to transform Bitcoin beyond its role as sound…
Normie, a meme coin on Ethereum’s Layer 2 network Base, experienced a severe exploit, causing its token value to plummet by 99%. The project’s team acknowledged the breach and agreed to the attacker’s proposal to return the stolen assets. Normie’s Market Capitalization Free Falls An attacker exploited a vulnerability in Normie’s contract tax mechanism, conducting a flash loan attack drastically increasing the meme coin’s token supply. This exploit caused a 99% drop in the token’s value while the market cap from approximately $41 million to around $1.3 million. Lookonchain highlighted the severe impact on traders. The analyst noted that a…
U.S. Securities and Exchange Commission boss Gary Gensler recently reposted an investor alert about cryptocurrencies. As reported by U.Today, the scam warning was originally issued by the agency in May. The SEC has stated that bad actors tend to take advantage of innovative technologies in order to promote investment scams. In its recent investor alert, the agency specifically mentioned celebrity meme coins in the wake of their increasing popularity. “The SEC conveniently issues these “alerts” (or, more specifically, reissues the same one) whenever anything major happening on the Hill in crypto they don’t like,” Alexander Grieve, the head of government…