Author: NBTC
Bitcoin has left a trail of $255 million worth of liquidations in its wake after it suddenly plummeted to $61,000 yesterday and took the rest of the market with it. The Bitcoin price has shown some signs of recovery since yesterday, hitting a peak of just under $63,000 early Thursday. BTC is currently changing hands for around $62,750, down only 0.1% in the past 24 hours and 11.1% lower than it was this time last week, per data from CoinGecko. The broader crypto market has moved on a similar trajectory; the global crypto market capitalization is now only 0.1% lower…
Coinbase has stated that the Ethereum crypto could bring positive surprises in the coming months. According to the report, it is unlikely that the cryptocurrency will be replaced as the center of decentralized finance. The market may underestimate the timing and likelihood of a possible approval of a US ETF on spot Ether. Let’s see all the details below. Coinbase Report: no excess supply for the Ethereum crypto Coinbase regarding Ethereum ETFs Possible bounce back after the sell-off, according to TradingView Coinbase Report: no excess supply for the Ethereum crypto As anticipated, Ethereum (ETH) has had a lower performance compared…
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) China President recently shared insights on the challenges and solutions for cross-border central bank digital currency (CBDC) interoperability. In an interview with 21st Century Business Herald, Wen Yang addressed the fragmentation in CBDC systems due to varying technological paths and standards among different economies, highlighting the organization’s effort to bridge technical gaps. CBDCs Face Cross-Border Challenges According to the report, over 130 economies are now exploring CBDCs, with nearly 70% of central banks expecting to issue them within the next decade. However, the rapid development could lead to potential “data silos” where…
Shiba Inu (SHIB) is on a major rebound in its burn rate as more than 81 million tokens have been sent to dead wallets. Data from Shiba Inu burn tracker Shibburn pegs the burn rate at 4,085.94% in the past 24 hours. Build up in deflated SHIB Every Shiba Inu sent to the burn address is designed to contribute to the overall SHIB taken out of circulation. The latest Shiba Inu burnt has pushed the total incinerated to 410,726,232,655,518 SHIB. With this, about 589,273,767,344,481 SHIB is left in circulation. Meeting SHIB investors’ expectations from this incinerated token remains a volatile…
According to a breaking statement, the US Department of Justice arrested two brothers named Anton Peraire-Bueno and James Pepaire-Bueno for attacking the Ethereum blockchain and stealing $ 25 million. The indictment charging 24-year-old Anton Peraire-Bueno, who lives in Boston, and 28-year-old James Pepaire-Bueno, who lives in New York, with conspiracy to commit fraud, bank fraud and money laundering crimes was announced today. The charges stem from the defendants’ scheme to fraudulently obtain $25 million worth of cryptocurrency in approximately 12 seconds by leveraging the integrity provided by the Ethereum blockchain. The Peraire-Bueno brothers were arrested yesterday in Boston and New…
In what may be the end of a decade-long odyssey, self-proclaimed inventor of Bitcoin, Dr. Craig Wright, has dropped his lawsuit against 12 Bitcoin developers in the Tulip Trading Limited v. Bitcoin Association for BSV & Others case, the Bitcoin Legal Defense Fund said on Wednesday. “Wright’s discontinuance of the Tulip Trading lawsuit means that Bitcoin developers are once again free to contribute to this world-changing network without the threat of litigation and harassment,” the Bitcoin Legal Defense Fund said in a post. “W” Bitcoin Legal Defense Fund backer Jack Dorsey tweeted, responding to the news. W https://t.co/ThdpTFf7sP — jack…
Vitalik Buterin, the cofounder of Ethereum, recently engaged in a discussion on X (formerly known as Twitter), shedding light on the future of Ethereum and the ambitious goal of building a free and open internet. This interaction, initiated by a tweet from Josh Stark, showcased a diagram illustrating different mindsets in the crypto community, ranging from definite optimism to indefinite pessimism. Josh Stark’s diagram categorizes mindsets into four quadrants: definite optimism, indefinite optimism, definite pessimism and indefinite pessimism. Stark labeled “Crypto Twitter” as oscillating between indefinite optimism and pessimism, which perfectly highlights the bouncing sentiment in the community that relies…
The blockchain gaming sector witnessed an unprecedented influx of investment capital in April, securing $988 million in funding. Although the first quarter of 2024 saw a cautious approach with a total of $288 million raised among blockchain gaming startups, the beginning of the second quarter signaled a new shift in the investors’ sentiment. According to data compiled by DappRadar, April witnessed an “unprecedented influx of capital” into the web3 gaming sector at $988 million, setting a new record since January 2021. DappRadar blockchain analyst Sara Gherghelas noted that the investment surge in April “has already exceeded the entire second quarter…
Dogecoin’s enigmatic creator, Billy Markus, also known as Shibetoshi Nakamoto, has once again distanced himself from the current trajectory of the popular meme cryptocurrency. Amid swirling speculation on social media about an impending “big announcement” for DOGE, Markus swiftly doused any hopes, affirming his detachment from the project for the past decade. Markus, the brain behind Dogecoin’s inception, pioneered the cryptocurrency as a playful alternative to the more serious contenders in the digital currency realm, like Bitcoin. However, after laying the groundwork for the meme-inspired coin, he gradually faded into the background, leaving the reins of the project to the…
“The State is any entity that can retrospectively pardon a crime. If you forgive a murder, you get an army. If you forgive an assault, you get police. If you forgive a theft, you get taxes. And this notion that there exists the sovereign ability to change the rules for a limited number of people and grant them licenses to do things that would otherwise be criminal gives you a very clear definition of the State. The State is what washes your hands when you do something that is inherently wrong.” @leashless The recent imprisonment of the developers of Samourai…