Author: NBTC

In a recent announcement on X (formerly Twitter), zkLink, a pioneering multi-chain asset trading project leveraging zero-knowledge proof technology, has declared a six-month delay in the token unlock schedule for its private round investors, team members, and advisors. The new unlock date is set for April 22, 2025, moving from the originally planned October 22, 2024. Notably, this delay does not impact CoinList sale participants, ecosystem tokens, or the community treasury. Introduction to zkLink and the Token Unlock What is zkLink? zkLink is an innovative multi-chain asset trading protocol that utilizes zero-knowledge proof (zk-proof) technology to ensure secure, private, and…

A judge has rejected Elon Musk’s $56 billion compensation package for a second time. This is despite Tesla shareholders voting to reinstate it in June. Judge Kathaleen McCormick blocked the plan, saying Tesla’s board of directors was pressured to accept the massive payment because of Musk’s influence. This package is now worth $101 billion, based on Tesla’s closing share price Monday. This is a record-breaking pay package for Musk as Tesla’s CEO. Musk is also known for being a Dogecoin (DOGE) advocate. Through a December 3rd, X post (formerly Twitter), Tesla said the court went against what most shareholders wanted.…

Alameda Research just transferred 72.6 million BitDAO (BIT) tokens—around $64.4 million—to Mirana Ventures. Alameda also got 10.335 million USDC and 28.4 million USDT from Mirana around 20 hours back. On-chain analysis platform PeckShield said the FTX liquidator also transferred 378,000 Raydium (RAY) tokens—around $1.99 million—to Binance. This could mean the liquidator is going to sell the tokens. BIT and RAY could both become volatile in the short term. #PeckShieldAlert #FTX Liquidator Main Wallet has transferred 378K $RAY (worth ~$1.99M) to #Binance pic.twitter.com/vmDFfiBpcr — PeckShieldAlert (@PeckShieldAlert) December 4, 2024 No one knows why these transfers happened, but BIT went up 5.31%…

As Bitcoin’s price continues to shoot upwards, traders betting on the asset to go down are feeling the pain. But so are those betting on the price going up. The biggest digital asset by market cap was fast closing in on $68,000 per coin earlier Tuesday amid a sudden spike, according to CoinGecko. However, the rise was short-lived, with the gains being completely erased. Bitcoin is now trading hands for just above $65,200, after hitting a daily high of $67,803 per data from CoinGecko. And on America’s biggest crypto exchange, Coinbase, Bitcoin landed less than $70 away from $68,000 per…

For the Crypto Art section, the announcement of the new NFT collection by Hackatao of stamps inspired by Sissi and Franz Joseph I of Austria cannot be missed. The project will be released on December 12 and has been developed in collaboration with Austrian Post for Crypto Stamp Art. Crypto Art and the NFT stamps by Hackatao inspired by Sissi and Franz Joseph I of Austria Crypto Art: the concept and the revelations of the new NFT stamps signed by Hackatao NFT sales on the rise in novembre Crypto Art and the NFT stamps by Hackatao inspired by Sissi and…

Scroll’s SCR token is down by 32% in just over 24 hours following its launch. Total value locked on the network has declined 24% in the past week as investors vent their frustration about token supply. The top 10 airdrop recipients received 11.7% of the total drop. After more than a year of hype and expectation, layer-2 network Scroll’s governance token launch is beginning to fall short of expectations after being plagued by token allocation issues. One day after debuting at $1.40, SCR is now trading 32% lower at $0.94 with its market cap shrinking to below $180 million. The…

While it was expected that cryptocurrency supporters would be appointed to critical positions after Donald Trump’s re-election, a radical step came from Coinbase, the largest cryptocurrency exchange in the United States. Coinbase CEO Brian Armstrong has announced that he will be severing ties with law firms that hire anti-cryptocurrency officials. Coinbase Exchange CEO X announced in a post on his account that Coinbase will no longer work with law firms that hire people involved in anti-crypto activities during their tenure and that they will cut ties. Armstrong cited Milbank, which hired former SEC enforcement director Gurbir Grewal, as an example.…

Binance accounted for the highest Goods and Service Tax evasion among registered cryptocurrency exchanges in India, according to the Indian Finance Ministry. Responding to a parliamentary question regarding tax compliance by cryptocurrency exchanges, Minister of State for Finance Pankaj Chaudhary revealed that the total GST evasion by these entities amounted to ₹824.14 crore ($96 million), with a Binance group company contributing the majority share. According to the ministry, 47 Virtual Digital Asset Service Providers have registered as reporting entities under the Financial Intelligence Unit, out of which 17 entities were investigated for GST evasion. Nest Services Limited, a Binance Group…

Major Wall Street Bitcoin miners reported varied production results for November 2024, as network difficulty increased by 7% during the month, impacting mining efficiency and output across the industry. Although last month the price of BTC reached record levels and nearly approached $100,000, competition, along with the time and costs required for cryptocurrency mining, also jumped visibly. CleanSpark (NASDAQ: CLSK) maintained its position as one of the industry leader’s in November, producing 622 BTC, while Riot Platforms (NASDAQ: RIOT) followed with 495 BTC. Bitfarms (NASDAQ: BITF) and Cipher Mining (NASDAQ: CIFR) reported similar outputs of 204 and 202 BTC respectively,…

At face value, the statement “Bitcoin can reduce racism” seems silly, if not downright offensive to those who have been the victims of racism. And it presupposes that an open-source protocol, which is completely indifferent to the whims of human emotions, can have any impact whatsoever on reducing racism, one of the most vile expressions of human emotions. I get that (as much as I can as a white dude), but follow me for a moment. While Bitcoin itself may not be able to reduce racism, what about the concept of being a “Bitcoiner”? Can identifying as a Bitcoiner reduce…