Author: NBTC
$EIGEN is in the news as a dormant wallet that remained inactive for 2 years and made headlines in the crypto community after cashing out $9 million worth of $EIGEN tokens in 43 hours from Binance. This flow has caused people to look closely at the wallet activity, given that it has rarely been transacted beforehand for this kind of activity. A 2-year-old dormant wallet withdrew 1.6M $EIGEN ($7.25M) from #Binance 20 minutes ago, bringing its 43-hour total to 2M $EIGEN ($9.03M) at ~$4.52.Notably, before $EIGEN, this wallet had only withdrawn 8.89 $SSV from Binance in March 2023 (646 days…
A report on the 2024 Kyrgyz government revealed crypto mining taxes contributed only around $535,000. This value dropped by nearly half compared to last year’s crypto mining tax collection. According to a budget document released by the Kyrgyzstan Ministry of Economy and Finance, cryptocurrency mining taxes have fallen by 50% this year. Crypto mining tax collection amounted to over 46.6 million Kyrgystani soms this year or worth around $535,000. Meanwhile, last year’s crypto mining tax collection reached 93.7 million soms, worth around $1.08 million. Not only that, local media outlet 24.kg reported that the Ministry of Finance found a decrease…
Cobra, the operator and owner of the bitcoin.org domain, has alerted the community about a new development in the bitcoin world. He stated that unidentified bitcoiners outside of Bitcoin Core are preparing to introduce a user-activated soft fork (UASF) next year. Cobra Alerts About New Bitcoin Soft Fork Brewing in the Shadows A new conflict might be brewing in the bitcoin world. Cobra, the maintainer and owner of the bitcoin.org domain, has alerted about the development of a user-activated soft fork (UASF) for Bitcoin that will be proposed next year by unnamed developers outside the Bitcoin Core project. In social…
XRP critics are leveraging the ongoing dip to cast doubt on the asset, warning that its uptrend has ended and that investors may be stuck holding bags for an extended period. Joining this trend is Atomic Wallet, a well-known non-custodial decentralized wallet in the crypto community. In the last few days, it has been spreading FUD about XRP after previously being sarcastically bullish on the coin. Atomic Wallet posted a critical tweet, asking XRP holders whether they have plans if XRP drops to $0.50. This came after XRP broke the $2 mark, reaching a seven-year high of $2.87. Notably, XRP…
Blockchain security auditor Hacken is rolling out a new tool to automate security and compliance for web3 businesses as MiCA and DORA rules loom. Hacken, an international blockchain auditor with Ukrainian roots, is rolling out a new solution that allows web3 businesses in an automated manner to comply with standards like Europe’s MiCA and DORA. In a press release shared with crypto.news, Hacken co-founder and chief executive Dyma Budorin said the firm developed the so-called “Extractor” to address the “critical need for proactive monitoring and compliance in the crypto space.” According to the Tallinn-headquartered firm, Extractor brings compliance monitoring framework…
A fascinating piece of history for the first and largest cryptocurrency, Bitcoin (BTC), recently resurfaced. According to Bitcoin historian Pete Rizzo, exactly 15 years ago, you could buy 12 Bitcoin for $0.01 — a mind-blowing price compared to the current value of Bitcoin. Rizzo shared this fun fact on social media platform X, sparking reflection in the crypto community about how far Bitcoin has journeyed through the years. FUN FACT: 15 years ago today, you could buy 12 #Bitcoin for $0.01 ✨ pic.twitter.com/YYI4i2G30A — The Bitcoin Historian (@pete_rizzo_) December 2, 2024 Bitcoin was launched in January 2009 by the pseudonymous…
A crypto trader has secured substantial returns with Pepe despite the ongoing brutal correction plaguing the broader market. Data confirms that the investor successfully transformed $3,000 to $73 million by entering the Pepe (PEPE) market early. Blockchain analytics platform Lookonchain recently highlighted the trader’s journey. Turning $3K into $73M, a 24,656x return, what a legend!Before the market plummeted, $PEPE broke through $0.000028, setting a new #ATH!This legendary trader sold another 100B $PEPE($2.8M) for profit.This trader invested ~$3K to buy 4.91T $PEPE on Apr 15, 2023.Over time, he… pic.twitter.com/Z46fT8dbiY — Lookonchain (@lookonchain) December 10, 2024 Notably, the trader initially invested approximately…
Carv Protocol, a decentralized infrastructure provider, has offered support for Beam Nodes. By supporting Beam Nodes, Carv Protocol intends to strengthen the Beam Network. The Beam Foundation announced this on the X platform. The partnership marks a significant step in stimulating decentralized operations and the growth of Beam nodes. With its modular data layer, Carv pays significant attention to redefine the AI and gaming industries. In this regard, the platform offers a scalable, high-performance, and adaptable infrastructure to support the massive data requirements of both sectors. It is said to leverage cutting-edge technology and develop an efficient data architecture to…
As 2024 draws to a close, Bitcoin (BTC) finds itself in the spotlight once again. Currently trading at $95,016, Bitcoin has seen modest but steady gains of 0.28% over the past 24 hours, 3.47% over the past week, and an impressive 38.44% in the last month. With its market cap soaring and technical indicators flashing bullish signals, all eyes are on Bitcoin’s potential performance during the festive season. Could we see BTC hitting new milestones this Christmas? Bitcoin’s key levels to watch Bitcoin’s price momentum has been exceptional, with the cryptocurrency up 127% over the last year, outperforming Ethereum and…
Viral internet personality Hailey Welch, also known as the “Hawk Tuah” girl, has been silent on social media following last week’s controversial introduction of a memecoin that has since plummeted by more than 95%. The HAWK token initially spiked to a $500 million market cap before rapidly tumbling as heavy selling pressure from early investors overwhelmed demand from newcomers. The market cap is now hovering around $20 million and trading volume is less than $500,000 over the past 24-hours. The debut led to widespread criticism, culminating in a YouTube video by internet sleuth Coffeezilla dubbed “exposing the hawk tuah scam.”…