Author: NBTC
As new cryptocurrencies flood the crypto market, they continue to offer opportunities to profit from carefully timed crypto trades. One crypto trader has recently demonstrated this by making $3 million in a matter of hours by trading a new meme coin, Simon’s Cat (CAT). Specifically, a ‘sniper,’ or trader using scripts or bots to swiftly purchase tokens as they become available on the market and gain an advantage, first spent 2,500 Binance Coins (BNB), worth $1.46 million, to buy 318.87 billion CAT, according to the data shared by Lookonchain in an X post on August 23. As the blockchain monitoring…
The SEC is in the news again as Ripple’s chief legal officer, Stuart Alderoty, took to social media to criticize the agency’s inconsistent approach to cryptocurrency regulation. It is not the first time the agency has been criticized in the crypto space. But Alderoty’s remarks seem to show that many in the industry are frustrated because they still do not have clear regulatory guidance, even after numerous enforcement actions. In response to the SEC’s latest investor alert, which reissued warnings about a variety of cryptocurrency scams, Alderoty highlighted the contradictions in the agency’s regulatory framework, particularly as it pertains to…
Bridged or wrapped stablecoins now exceed $10B in value, highlighting the process of outflows from Ethereum. Both native and bridged stablecoins are highly influential in building liquidity on L2 and supplying DeFi apps with reserves. The supply of stablecoins on L2 chains is now above $10B, based on data from GrowThePie. The expansion of stablecoins on the top L2 protocols was a slow process, depending on gradual bridging by whales and retail holders. L2 assets are still a small part of the total supply, but they serve a key purpose for DeFi and DEX. USDT and USDC are the most…
Aug 6 (Reuters) – “Never sell your bitcoin,” Donald Trump told a cheering crowd at a crypto convention in Nashville, Tennessee in late July. The Republican presidential candidate’s speech was the latest overture in his effort to court crypto-focused voters ahead of November’s election and offered a bevy of campaign promises, including a plan for a state bitcoin reserve. “If elected, it will be the policy of my administration to keep 100% of all the bitcoin the U.S. government currently holds or acquires into the future,” Trump said, adding the funds would serve as the “core of the strategic national…
Japanese investment firm Metaplanet Inc. announced today that it has purchased an additional 38.464 BTC, worth approximately 300 million yen ($2 million). The Tokyo-listed company disclosed that this purchase brings its total Bitcoin reserves to 398.832 BTC, worth around 3.75 billion yen ($26 million). Metaplanet’s Shares Soar 5.87% Following the announcement, the company’s stock rose 5.87% on Tuesday, trading at 1,101 yen after hitting a high of 1,185 yen earlier in the session, according to data from Google Finance. Metaplanet has made several Bitcoin purchases over the past few months. The firm initially announced its adoption of the digital asset…
AirSwap (AST) is among the cryptocurrencies to see significant upside amid growing trader confidence in the market. The AST token rose by more than 20% on Friday morning to reach levels last seen in late July. By breaking above $0.09, AST showed recovery from the lows of $0.06 reached during the broader crypto sell-off on Aug. 5. This is the period when massive selling pressure from the German government, Mt. Gox and Genesis combined with the crash in stock markets amid economic jitters to send Bitcoin (BTC) plummeting below $50k. The flagship cryptocurrency has since recovered to above $61k and…
Coinbase and Ripple CLOs Paul Grewal and Stuart Alderoty took a dig at the US SEC on Friday over the latest move to amend its lawsuit against Binance. The Chief Legal Officer of leading crypto exchange Coinbase has taken another swipe at the US Securities and Exchange Commission (SEC). In a Thursday post, Paul Grewal asserted that the top regulator had no structure or standardized guidelines for law enforcement. The Coinbase CLO, a sworn antagonist to the SEC’s incessant clampdown on the crypto exchange, insinuated that the securities watchdog had shown a lack of reverence for the law. This, he…
Blockchain gaming has reached a new milestone with 4.2 million daily active users in August, according to a recent DappRadar report. The web3 gaming industry saw a 5% increase in daily unique active wallets (dUAW) last month despite falling to second place in terms of the most active crypto sector amid the AI boom. Ronin keeps its dominance Ronin continues to dominate the blockchain gaming landscape with the highest average number of Unique Active Wallets (UAW), which grew 24% in August to 1.32 million. Pixels and Forgotten Runiverse were the main games driving activity on the network during the month.…
In today’s digital age, where trust in traditional institutions is wavering, blockchain technology emerges as a beacon of hope, particularly in the realm of charitable giving. With its inherent transparency and immutability, blockchain is revolutionizing the way donations are tracked and managed, fostering a new era of accountability and donor confidence. The convergence of charity and crypto has opened doors to innovative solutions, even extending its influence to seemingly unrelated sectors like online gambling. Believe it or not, some online casinos, embracing the ethos of transparency, have integrated blockchain technology to ensure fair play and auditable outcomes. This unexpected intersection…
Legendary Bitcoin developer Peter Todd has announced that full replace-by-fee (full-RBF) has become the default in Bitcoin Core v28.0. The RBF feature allows replacing unconfirmed Bitcoin transactions with different transactions that offer higher fees. It is generally used for fee bumping, cancelation, or updating transactions. While BIP-125 allows disabling RBF, full-RBF makes sure that transactions are always replaceable. The debates about full-RBF have been raging within the Bitcoin community for more than a decade. Bitcoin is known for being extremely conservative when it comes to implementing significant changes. Todd also argues that the transaction is good for miners due to…