Author: NBTC
Shytoshi Kusama, the Shiba Inu lead developer, has released a proposal to the next U.S. president, looking to drive blockchain growth in the country. The future of the U.S. crypto industry is on the line as Americans head to the polls to decide their next president. Despite most crypto industry leaders favoring Donald Trump, some believe Kamala Harris would take a more favorable crypto regulatory approach. The S.H.I.B. Initiative Whoever the winner is, Kusama has set out a proposal that suggests a roadmap to make the United States a leader in blockchain through the establishment of a Strategic Hub for…
The Hong Kong Monetary Authority cautions the public on overseas crypto firms falsely claiming to be banks, urging caution as such claims may violate local banking laws. Hong Kong‘s financial regulator, the Hong Kong Monetary Authority, warning against overseas crypto firms misrepresenting themselves as licensed banks in a Nov. 15 press release, saying such firms may be violating local regulations by using the word “bank” in their product descriptions or marketing materials. The HKMA highlighted two overseas crypto firms that recently held activities in Hong Kong. One firm was reported to have referred to itself as a “bank,” while the…
Bitcoin’s $70K liquidity cluster suggests potential for significant price movement before election week. The proximity of Bitcoin’s price to a major liquidity zone could drive volatility in the coming days. Election-related market sentiment may influence Bitcoin’s price, especially if it approaches the $70K zone. The current crowd at Bitcoin’s liquidity chart around the $70,000 levels opens up some interesting possibilities within the market. As the last week approaches the end of the election cycle, analysts are wondering whether the Bitcoin prices could try to tap into this liquidity before other sources of external shocks that may change the supply and…
Kana Labs has introduced a new solution designed to simplify the decentralized finance (DeFi) experience, called the Aptos Keyless Wallet. This innovative wallet removes many of the complexities traditionally associated with blockchain accounts. Further, it makes Web3 more accessible to a wider audience. 1/ Crypto made easy with Kana Labs! 🎉We’ve introduced Aptos Keyless Wallets to simplify your DeFi journey. No private keys, no downloads—just seamless Web3 onboarding with your Google login.Here’s how it works 👇 pic.twitter.com/vOD5Jwcgma — Kana Labs (@kanalabs) November 15, 2024 Aptos Keyless Wallet Revolutionizes DeFi with Google Credentials The unique selling proposition of the Keyless Wallet…
A group of crypto investors who accused Elon Musk of manipulating Dogecoin’s prices has now decided to drop their appeal against an August court dismissal of their case, Reuters reported Friday. They initially sought $258 billion in damages and amended their complaint multiple times over two years. Both parties have agreed to withdraw their respective motions to sanction each other’s legal teams. The investors had previously requested sanctions against Musk’s lawyers, accusing them of interfering with the appeal process. Meanwhile, Musk and Tesla had filed a motion to sanction the investors’ lawyers for pursuing what they considered a “frivolous” case…
Bitcoin (BTC), the biggest cryptocurrency by market capitalization, recently marked a significant milestone in its history. It was 12 years ago that crypto enthusiasts got their last chance to purchase Bitcoin for under $10. Bitcoin historian Pete Rizzo recently shared this amusing truth on X, sparking a wave of nostalgia and amazement within the crypto community. Rizzo tweeted, “Fun fact: 12 years ago today, you had your last chance to buy Bitcoin for under $10.” FUN FACT: 12 years ago today, you had your last chance to buy #Bitcoin under $10 ✨ pic.twitter.com/68snHSFviB — The Bitcoin Historian (@pete_rizzo_) October 26,…
Uniswap Raydium has taken the lead in decentralized exchange (DEX) web traffic over the past month, with 4.0 million visits, according to data from Phoenix, a crypto media outlet. This marks a significant increase in user engagement for the platform. #WEB TRAFFIC TO DEXES FOR THE LAST MONTH #Uniswap #Raydium #PancakeSwap #Sushi #1inch #Osmosis #LFJ #Quickswap #Balancer pic.twitter.com/KKHrMaI0uP — PHOENIX – Crypto News & Analytics (@pnxgrp) November 15, 2024 PancakeSwap Secures 2nd Place with 1.3M Monthly Visits PancakeSwap comes second in terms of traffic with 1.3 million visits in the last month. Currently, it the most popular DEX on the…
Zero Gravity Labs raised $40 million to fund development of a decentralized AI operating system from several heavyweight crypto investors. In addition to the seed funding, the company secured a $250 million “token purchase commitment” that, it said, will let it draw on liquid digital assets on exchanges to further support project development. Zero Gravity Labs (0GL) said it raised $40 million in seed funding from a number of heavyweight crypto investors to develop a decentralized AI operating system, dAIOS, following a $35 million pre-seed round in March. dAIOS is designed to offer a decentralized environment for massive datasets to…
According to the data shared by the popular tracker Shibburn, over the last day the SHIB burn rate has fallen to zero. Still, curiously, there is a substantial amount of meme coins that were transferred to unspendable wallets. This coincided with a massive SHIB price surge of more than 7%. Zero SHIB burn rate sees millions of coins torched Data publicly shared by Shibburn shows that in the past 24 hours, the joined efforts of the SHIB team have resulted in the burn of 1,412,571 SHIB meme coins. Still, the burn rate shown by the data source sits at the…
Manhattan federal prosecutors will reduce their focus on crypto-related crimes following several major convictions, a senior prosecutor told Reuters today. Scott Hartman, co-chief of the securities and commodities task force at the Southern District of New York (SDNY), made the statement a day after former SEC chair Jay Clayton was nominated to become the district’s US attorney. “You won’t see as much crypto stuff coming out of at least the SDNY in the future,” Hartman said at a Practising Law Institute conference in New York. The office will maintain oversight of crypto cases but has decreased the number of prosecutors…