Author: NBTC
The U.S. Department of Justice charged two brothers with orchestrating an attack on Ethereum trading bots, charging them with conspiracy to commit wire fraud, wire fraud and conspiracy to commit money laundering. In essence, the brothers found a way to target bots that were frontrunning transactions in a process called maximal extractable value, or MEV, which refers to the amount of money that can be bled out of the block production process by ordering transactions. Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and…
The co-founder and CEO of LayerZero Labs, Bryan Pellegrino, discussed concerns about company employees participating in its upcoming airdrop. In an X post on May 7, Pellegrino said that all the LayerZero Labs employees are “100% restricted” from participating in the platform’s long-awaited airdrop — first addressed in December 2023. Will announce something publicly about this, every LayerZero labs employee is 100% restricted from claiming and has no eligibility — it will be a fireable offense and has been announced internally for some time and has always been the case — Bryan Pellegrino (臭企鹅) (@PrimordialAA) May 7, 2024 He added…
The Securities and Exchange Commission (SEC) recently announced that cryptocurrency exchanges have begun delisting the Naira for peer-to-peer (P2P) trading platforms. The SEC and the Office of the National Security Advisor (ONSA) issued an order the week prior mandating that digital currency companies deregister Naira from their platforms in order to prevent the currency from being mishandled. According to the SEC’s findings, Naira, which was utilized as a fiat currency in transactions conducted on Kucoin, has been decoupled. The exchange is currently evaluating technological alternatives in order to promptly deregister Naira. According to the exchange, this measure will help prevent…
While talking about the monetary policies undertaken by the US government as well as other economic giants like China and Japan, BitMEX’s co-founder, Arthur Hayes, highlighted Bitcoin as the only suitable solution in times of expanding central banking balance sheets. He made these comments during the current Token2049 conference in Dubai. Hayes began by asserting that the real yields will continue to be negative, which is something the US Fed and Treasury are actively managing to maintain. This is because they are allowed to borrow funds at lower rates. Should that trend continue, which has been the case for the…
Ethereum exhibits bullish indicators including a flag pattern and higher lows. The RSI suggests a hidden bullish divergence, indicating a potential for a significant price breakout. Concerns over SEC rejection of Ethereum ETF applications pose a threat to Ethereum’s value and its ratio against Bitcoin. Ethereum (ETH) enthusiasts are buzzing with excitement as crypto analyst Javon Marks recently pointed out several bullish indicators for the popular cryptocurrency. Marks, known for his insightful analyses, highlighted a promising pattern on the Ethereum chart resembling a bullish flag. This formation, coupled with the emergence of higher lows in Ethereum’s price action, suggests a…
Could a single tweet reignite the meme stock frenzy that took over Wall Street three years ago? GameStop and AMC’s shares are again surging, with trading on these stocks being halted multiple times just this week. Such suspensions are a standard mechanism to protect against excessive volatility, but some retail trader are complaining about their service providers, accusing them of blocking trades. This frustration is unsurprising, given that major players like Robinhood implemented similar measures in 2021. Keith Gill, known online as “Roaring Kitty” and considered the catalyst of the pandemic-era stock craze, reappeared on Twitter after three years. On…
VeChain continues to deliver sustainable solutions in the sports sector. After its successful fighter gloves debut, the project is now elevating the Tennis arena. Attendees of the Italian open can flock to the VeChain booth to earn rewards. VeChain is taking over real-world asset solutions with its sustainable blockchain technology. In particular, VeChain seems to be dominating the sports sector. The project recently delivered blockchain linked gloves for the UFC and is now making waves in the Tennis arena. After a successful activation in Turin last November, we’re back in Rome with Internazionali BNL d’Italia to show tennis fans how…
OKX Ventures today announced its investment in Pencils Protocol, a next-generation decentralized platform that offers auction services for blockchain-native assets and real-world assets (RWAs), as well as compounded and leveraged yield aggregation services for users to maximize asset utilization. OKX Ventures Announces Investment in Pencils Protocol, Pioneering a New Era in the Scroll Ecosystem Pencils Protocol, one of the largest native DeFi projects in the Scroll ecosystem, serves as an all-in-one yield aggregator and auction platform. Its functions include launchpad, asset aggregation and distribution, and leverage returns. Through close collaboration with Scroll, Pencils Protocol has redefined Layer 2 solutions using…
Amid escalating geopolitical tensions in multiple regions of the world, the famous investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ Robert Kiyosaki, has opined they could lead to another World War and that Bitcoin (BTC) would do well in such circumstances. As it happens, Kiyosaki discussed the future of banks, Bitcoin, gold, real estate, and the state of the world as he sat down with Gerald Celente, the editor and producer of the Trends Journal, for an episode of Kiyosaki’s The Rich Dad Channel podcast that premiered on April 17. Bitcoin through the roof Specifically,…
However, Ethereum remains below the critical $3,000 mark. Despite the optimistic technical signals, external factors such as regulatory challenges could influence Ethereum’s trajectory. Specifically, the potential decline of the spot Ethereum ETF application with the US Securities and Exchange Commission (SEC) is a concern, as analysts like Eric Balchunas of Bloomberg suggest that the SEC’s view of ETH as a security could significantly lower the chances of ETF approval. TLDR: the SEC asked commenters re the Eth spot ETFs whether these filers have properly filed their ETF listing proposals as commodities. This shows the SEC is perhaps considering to Eth…