Author: NBTC
As it just became known, Dogecoin (DOGE) is officially the most profitable meme cryptocurrency among those whose market capitalization is no less than $1 billion. Thus, as justified by data from IntoTheBlock, Dogecoin, created in 2013 by Jackson Palmer and Billy Markus, currently has the highest ratio “in/out of the money,” with 72.64% profitable addresses. The figure represents 4.65 million addresses, which together hold 70.3 billion DOGE, equivalent to about $7.39 billion. Thus, as things stand, 48.3% of Dogecoin’s total market capitalization is in profit. For comparison, DOGE’s closest competitor in this field is Floki Inu (FLOKI), with 70.49% profitable…
Do Kwon’s controversial extradition to South Korea could have been part of a trade deal that would give the country control of Montenegro’s airports for 30 years, according to the former Justice Minister. Andrej Milović, who is now running for mayor, told publisher Vijesti that Prime Minister Milojko Spajić would use Do Kwon as a tool to trade state interests and resources “as compensation for covering up this case.” Spajić supposedly prepared for months to give France concession over Montenegro’s airports. However, Milović says that he began to “speak positively” about a South Korean airport deal after the court of…
Oasys, a prominent blockchain facilitating gamers with rapid transfers without any gas fees, has announced an exclusive partnership. As per Oasys, the platform is joining forces with the Arbitrum Foundation for the integration of Arbitrum Orbit (the Ethereum-focused L2 and L3 scaling solution) into its ecosystem. The company disclosed this development on its official social media account. #Oasys is integrating #ArbitrumOrbit to build custom #Layer2s on #Oasys Layer1 that plug into the @arbitrum ecosystem.Experience #web3gaming like never before with @Uprising_L2 – the first Verse launched using this method 🎮👇https://t.co/TDhpnfFFhA — Oasys | Blockchain for Games (@oasys_games) September 25, 2024 Oasys…
The largest recipient of the Genesis Trading bankruptcy proceedings has recently been involved in a significant Ethereum sell-off. According to data provided by Arkham Intelligence, the creditor has sold 12,100 Ethereum (ETH) worth $31.43 million, within just three days. This move comes shortly after receiving a massive repayment from Genesis Trading as part of its liquidation process in August. The creditor, with wallet address 0x999…46E, received the largest compensation during the Genesis Trading creditor repayments. On Aug. 2, this wallet was credited with 114,502 ETH, which had a total worth of $358.19 million at the time. Despite holding a substantial…
Ingo Rübe, founder of KILT Protocol, spoke to Invezz on the challenges and innovations in the realm of digital identity. He served as CTO of Hubert Burda Media, where he initiated and headed the Drupal-based CMS Thunder. In the interview, Rübe as he shares insights into KILT’s unique approach to decentralised identity solutions, the role of blockchain in transforming traditional industries, and how the Polkadot ecosystem is set to drive mass adoption. Invezz: What’s the thought behind KILT Protocol and how does it stand out from other solutions in the blockchain market as of today? I founded KILT in 2018…
A group of former government employees and compliance officials, now working in the crypto industry, rallied in front of the United Nations on Wednesday to show support for Tigran Gambaryan, Binance’s head of financial crime compliance who’s been detained in Nigeria since February. Gambaryan is being held as a representative of the company he works for, with prosecutors trying him on money laundering charges brought against Binance. He is being held in the Kuje Prison, which is notorious for holding terrorists and other criminals, where his health has deteriorated heavily; in a recent video, he was struggling to walk with…
Base, the Ethereum layer-2 protocol developed by crypto exchange Coinbase, has recently witnessed a surge in its activities, resulting in a significant increase in its daily active addresses. According to data from the on-chain analytics platform IntoTheBlock, the increase in Base’s daily active addresses can be linked to the launch of Coinbase Wrapped Bitcoin (cbBTC) and the introduction of the Base Name Service (BNS). Base Active Addresses Surge Coinbase launched cbBTC on Base and Ethereum on September 12, months after integrating the Lightning Network for bitcoin (BTC) transfers on the protocol. The wrapped token is backed 1:1 by BTC and…
Market maker Cumberland may have bought the dip as data showed the firm moving millions in Tether stablecoins to centralized exchanges. Since Aug. 6, Cumberland has sent over $1 billion in Tether (USDT) to CEX platforms like Binance, Coinbase, and Kraken, according to LookOnChain data. Market makers provide liquidity in financial ecosystems and sometimes adopt an asset accumulation strategy to buffer profits or revenue. Cumberland’s CEX deposit spree began just after the global market slump on Aug. 5, when Bitcoin (BTC) dipped below $50,000, and the total cryptocurrency market plunged to $1.8 trillion. You might also like: Bitfinex: Bitcoin may…
The latest FTX-related sentencing saw Caroline Ellison, the former co-CEO of Alameda Research, handed two years behind bars for her role in the exchange’s spectacular collapse. Ellison is expected to be in prison by November 7. Ellison’s sentence was so lenient thanks to her lending the investigation her full cooperation. Indeed, the judge presiding over the case noted that he hadn’t seen a cooperator “quite like Ms. Ellison.” However, he also made it clear that due to the severity of the case, remorse and cooperation aren’t a complete “get out of jail free card.” She had pleaded guilty to seven…
Giant payment company Worldpay plans to verify blockchain transactions for the very first time in order to better understand how funds move through digital ledgers. According to a Bloomberg report on Sept. 26, the international payment provider is already in talks with several blockchains in hopes of becoming a validator, network participants that monitor and verify transactions in digital ledgers. “The idea is to be part of the ecosystem right at the base,” said Sanchit Mall, Worldpay‘s web3 and crypto lead in the Asia-Pacific region. He explained that Worldpay intends to directly participate in blockchains so that they can better…