Author: NBTC
Renzo users could claim their airdrop based on accumulated ezPoints. REZ dips about 35% after listing on Binance and several other exchanges. Renzo seems to have gotten over an earlier scare from ezETH depeg last week. Ethereum liquid restaking protocol, Renzo, plunged nearly 35% on Tuesday after it went live on Binance and opened airdrop claims for its REZ token. Also read: Ethereum dips slightly amid Renzo depeg, BlackRock spot ETH ETF amendment REZ debuts on Binance REZ went live on Binance on Tuesday, one hour after opening airdrop claims for participants in its Season 1 campaign. Binance Launchpool had…
The Bitcoin Policy Institute, a non-profit organization supporting bitcoin initiatives, has launched the Peer-to-Peer Rights Fund, a project seeking to protect bitcoin’s decentralized nature from regulatory overreach. The fund’s first objective is to aid in the defense of the founders of Samourai Wallet given the relevance of the case for the industry. Peer-to-Peer Rights Funds to Aid in Defending Samourai Wallet Founders More initiatives are surging to defend the bitcoin blockchain from government action. The Bitcoin Policy Institute, a bitcoin think tank founded by David Zell and Grant McCarthy, has launched the Peer-to-Peer Rights Fund to defend the decentralization of…
A significant Bitcoin transfer of $483 million has captured attention within the cryptocurrency community today, following revelations from Whale Alert data. The transaction, executed by an entity identified only by the address “1Eob1,” saw 7,690 BTC transferred to Coinbase, the largest cryptocurrency exchange in the United States, notably through its specialized division, Coinbase Institutional. What sets this transfer apart is the relative newness of the sending address. “1Eob1” emerged onto the cryptocurrency scene just two days prior, initiating its activity with a withdrawal of 932.069 BTC, equivalent to $59.97 million, from Coinbase Prime. Over the subsequent period, the address systematically…
Celsius Network burned its CEL holdings, representing the majority of the token supply, on April 30. Etherscan indicates the company burned 652.2 million CEL by sending it to a null address. The burned amount represents 94% of the previous total supply, which amounted to 692.8 million CEL, valued at roughly $83.2 million at current market price. The transaction reduced the remaining token supply to 40.6 million CEL, based on CoinGecko data — which has been updated to reflect the burned amount as of press time. The transaction originated from a wallet controlled by Celsius, based on Arkham Intelligence data. Arkham…
The Office of the Privacy Commissioner for Personal Data (PCPD), Hong Kong, has reportedly completed its investigation into Worldcoin. The investigation found significant violations of the Personal data (privacy) regulations. Hong Kong Has Been Probing Worldcoin Since December 2023 According to Hong Kong-based media outlet RTHK, Privacy Commissioner Ada Chung Lai-ling issued an enforcement notice against Worldcoin. The notice demands the immediate cessation of iris and facial image collection using scanning devices. The investigation revealed that Worldcoin’s practices in Hong Kong were excessive and unnecessary. Specifically, the retention of personal data for up to ten years to train AI models…
Geopolitical events and the search for an investment hedge led some traders to say bitcoin could surge in the coming months, despite a recent 10% weekly drop in its value. The correlation between bitcoin and traditional market assets remains high, but some investors see the cryptocurrency as a viable hedge and investment option, with expectations its price could reach $120,000 in the coming months. International politics and the search for an investment hedge could fuel a bitcoin (BTC) surge in the coming months, even after confidence in the largest cryptocurrency was dented by a 10% weekly drop, some traders say.…
The legend of trading outside of the cryptocurrency industry, Peter Brandt, revealed that he has been building a bullish case for Ethereum since May 17 and even included an action plan for buying. Unfortunately, he did not reveal what is going to happen with ETH in the future, nor did he provide additional details on his buying plan. That is why we will have to address the price chart we have right now. Obviously, Ethereum is ripping and tearing the market right now, with the price of the second-biggest cryptocurrency slicing through the $3,600 resistance like a knife through butter.…
The South Korean tech giants Naver and Kakao are set to finalize their blockchain merger plans with a token launch in June. According to Newsis, the token launch will take place in the UAE under the new brand name Kaia. Naver, Kakao Plan June Token Launch Kakao, the operator of the KakaoTalk chat app, is the driving force behind the Klaytn blockchain and its Klaytn (KLAY) token. KLAY prices over the past year. (Source: CoinMarketCap) Naver is South Korea’s answer to Google. It operates the Finschia (FNSA) token and blockchain protocol via its Line affiliate. Line is also a chat…
The Financial Innovation and Technology for the 21st Century Act would hurt investors and hamper the U.S. Securities and Exchange Commission’s work, SEC Chair Gary Gensler said Wednesday. “The Financial Innovation and Technology for the 21st Century Act (‘FIT 21’) would create new regulatory gaps and undermine decades of precedent regarding the oversight of investment contracts, putting investors and capital markets at immeasurable risk,” he said. FIT21 is a joint bill produced by the House Agriculture Committee and the House Financial Services Committee, and is intended to clarify how the SEC and Commodity Futures Trading Commission (CFTC) oversee crypto. It…
The Bitcoin halving, a technical event that occurs on the Bitcoin network every four years and reduces the cryptocurrency supply in half, is scheduled to occur in around three days. Oklink, a blockchain explorer, indicates that the countdown is 3 days and 15 hours as of press time, with an estimated date of April 20 and 526 remaining blocks. The halving cuts Bitcoin miners’ earnings by half, as stipulated by the Bitcoin blockchain code, and is slated to occur every 210,000 blocks. This time, mining rewards will be halved from 6.25 BTC to 3.125 BTC. With only a few days…