Author: NBTC

Coinone, a South Korean crypto exchange, has brought in local and Canadian law firms to investigate the NFPrompt (NFP) token dispute. In March, Coinone’s NFP price plummeted 70%, while prices on international cryptocurrency exchanges remained relatively stable. Coinone’s decision to launch a probe comes on the heels of South Korea’s investigation into the AVAIL token. At the time of this writing, the NFP token is trading at $0.2303, down 5% in the past day. Although it’s down 1.15% over the past week, the token is up 1.91% over the past 30 days. The massive 46% drop in its 24-hour trading…

Gary Gensler is stepping down as SEC Chair on January 20, 2025. But before leaving, he has made a final strike against the crypto world. The SEC, under his watch, filed an 81-page document targeting Binance. It opposes Binance’s motion to dismiss its lawsuit, calling Binance Coin (BNB) and ten other tokens securities. Let’s unpack what this means for Binance and the broader crypto market. SEC’s Target: Eleven Cryptocurrencies The SEC is not happy targeting just Binance Coin. Along with BNB, it labeled ten more tokens as securities: Solana (SOL), Cardano (ADA), Polygon (MATIC), Filecoin (FIL), Cosmos (ATOM), The Sandbox…

Kamino, the largest decentralized exchange on Solana, is set to launch an innovative swap feature designed to enhance trading efficiency. The new swap feature, known as Kamino Swap, aims to address current inefficiencies within the Solana exchange ecosystem, including issues like network congestion and slippage. As co-founder Marius Ciubotariu highlighted, this platform will leverage real-time data from Pyth Network, promising the lowest trading fees and competitive asset prices on Solana. Kamino launches Kamino Swap, a new decentralized exchange feature addressing efficiency in Solana trading while promising low fees and competitive prices. Kamino Swap Launch: Redefining DEX Trading on Solana The…

Ozean, a prominent Clearpool-powered blockchain entity dealing with RWA yield, has announced an exclusive collaboration with Yieldstone. The partnership between Ozean and Yieldstone will offer access to refined real estate investment options on-chain. Clearpool took to social media to disclose this endeavor. Ozean partners with @yieldstone to bring sophisticated Real Estate investment vehicles on-chain 🏡📈Yieldstone is a blockchain platform that combines the best features of two lucrative models: Real Estate Investment Trusts (REITs) and Private Equity Real Estate (PERE) funds,… pic.twitter.com/Jul24BaYN0 — Clearpool (launching Ozean🌊) (@ClearpoolFin) December 5, 2024 Ozean and Yieldstone Join Forces to Enhance Predictability of Yields and…

The cryptocurrency market has seen $118 million in liquidations in the last day, primarily aimed at bearish traders. Bitcoin and Ethereum were at the forefront, with Bitcoin alone seeing over $68 million in liquidations, according to the provided liquidation heatmap. With about 88% of liquidations coming from short traders, the general sentiment of the market points to a massive shakeout of short positions, indicating that bears are under a lot of pressure. The two companies with the highest liquidations, especially in short positions, were Binance and HTX. It is noteworthy that HTX’s liquidations, which had a 98% short liquidation rate,…

Ethereum, the leading altcoin, has been showing positive signs over the last week after months of bearish consolidations. Ethereum (ETH) is up 4% in the past 24 hours and is trading around $3,840 at the time of writing. The king altcoin hit a six-month high of $3,900 on the back of Bitcoin’s (BTC) rally above the $100,000 threshold early Thursday. Source: crypto.news At this point, Ethereum is 21% away from its all-time high of $4,891 in November 2021. The second-largest cryptocurrency reached a market cap of $463 billion as its daily trading volume increased by 46% to $63 billion. What’s…

XRP, the $146 billion cryptocurrency behind the XRP Ledger blockchain, is one of the biggest winners from Donald Trump’s victory in the November 5th presidential election. In the three and a half weeks since, it surged as much as 440% to touch $2.86, its highest price since the initial coin offering boom in 2017-2018. Last March, Forbes called XRP a Zombie Blockchain, despite its rich market valuation (currently $143 billion), because it serves no useful function, having effectively failed in its mission to replace Belgium’s SWIFT in trillions of daily international interbank transfers. Nobody has benefited more from XRP’s current…

Ripple has recently announced that it has received in-principle approval as a blockchain-enabled payment services provider from DIFC (Dubai International Finance Centre), spurring its plans to launch its stablecoin in the UAE along with other remittance and crypto payment services. Already, Ripple has a strong presence in the Middle East with 20% of its global client base coming from GCC and MENA region. The license is seen by many as a strong step towards the growth of Ripple in the region, as well as the growth of crypto payments, CBDCs and stablecoins. Ripple views MENA as a forefront of FinTech…

President-elect Donald Trump has nominated David Sacks as his White House AI and Crypto Czar. Who is David Sacks and what is his stance on Bitcoin and crypto? Who is David Sacks? David Sacks is a South African-American entrepreneur and investor recognized for his influential roles in the tech industry. He was born in Cape Town, South Africa, into a Jewish family and relocated to the US at the age of five, where his family established roots in Tennessee. Growing up, Sacks was inspired by his grandfather, who started a candy factory in the 1920s. Although he did not initially…

Circle, the issuer of the USD Coin stablecoin, has partnered with Pockyt, a global payments platform, to offer USDC-based pay-in and payout solutions for merchants worldwide. This collaboration also incorporates Circle’s programmable wallets, creating a “Web2.5” hybrid approach that bridges traditional financial systems with blockchain-based innovations. The partnership aims to streamline cross-border transactions using USDC (USDC), a stablecoin pegged 1:1 to the U.S. dollar and backed by liquid reserves. By integrating USDC, Pockyt enables merchants to benefit from faster and more cost-effective payment methods compared to traditional systems. We’ve teamed up with @pockytio to empower merchants with $USDC and Programmable…