Author: NBTC

US Treasury Secretary Janet Yellen is responding to accusations that the US government and more than a dozen financial institutions have teamed up to spy on Americans’ private bank transactions. The House Judiciary Committee recently published a memo accusing the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) of urging banks to surveil their customers’ transactions and flag a list of keywords “without legal process” as part of the investigation into January 6th, 2021 riot on Capitol Hill. Now, in new testimony to the House Ways and Means Committee, Secretary Yellen has answered a direct question on whether FinCEN emailed search…

The Bitcoin (BTC) MVRV ratio has dropped below its 90-day average, signaling an upcoming price rally, with the possibility of an impressive 67% increase. Market Veteran Ali Martinez called attention to this bullish turn of events in a recent post on X. Notably, market data from Glassnode confirms that the 90-day average of the Bitcoin MVRV ratio has continued to increase. Interestingly, while the 90-day average has seen a steady uptick, the actual MVRV ratio has recorded occasional declines and upswings, as it mirrors Bitcoin’s market performance in real-time. The MVRV (market value to realized value) ratio compares Bitcoin’s market…

Thanks to the introduction of blobs in post-Dencun Ethereum (ETH), network usage becomes more cost-optimized than ever before. Developers are wondering whether the gas price will surge once market activity recovers. Ethereum (ETH) average gas price plunges to 6 Gwei Today, according to automated tracking services, the average gas fee on the Ethereum (ETH) network reached 6 Gwei. This is the lowest level since January 2020, Etherscan data says. As a result, all on-chain operations in Ethereum (ETH) became extremely cheap for accounts. Ethereum base fee is at record lows. The blob fee still has not even entered price discovery…

Core is Avalanche’s premium native ecosystem wallet and portfolio, and its airdrop tool guarantees seamless token distribution. Core empowers any builder to strategically reward its loyal community members. To celebrate the powerful features of Core, they have rewarded all participants from their Core Memecoin Month. Participants will receive a distributed reward in the same meme coin they used during the splendid event. If a participant qualifies for COQ’s memecoin week, he or she will be airdropped COQ coins. The remarkable feature of Ava Labs’ new airdrop tool is that it effectively addresses challenging problems with airdrops. Cost-effective promotional airdrop tools…

JPMorgan Chase is preparing for the prospect that its assets in Russia will officially be seized, according to a new report. In a new filing, the bank says lawsuits in Russian and US courts may trigger an incoming seizure of the firm’s assets in the country, reports Reuters. Two weeks ago, a Russian court sided with state-run lender VTB Bank in its push to recover $439.5 million that JPMorgan Chase allegedly froze in New York due to US sanctions. The court ordered the seizure of JPMorgan’s accounts in Russia as well as all “movable and immovable property.” Although it has…

Imagine a world where the money supply is finite, and there’s no dollars left to print. Sounds bizarre, right? But in the realm of Bitcoin, this scenario is not only possible but inevitable. The Bitcoin network, designed with a finite supply of 21 million coins, just hit a significant milestone: the halving just chopped its inflation rate by 50% for the fourth time since its inception. As of now, 19,688,016 Bitcoin has been mined, leaving less than 2 million to be discovered over the next 120 years. This scarcity, coupled with the increasing demand for Bitcoin, is set to reshape…

Observing the movements of ‘whales’—investors who hold large amounts of cryptocurrency—can offer crucial insights for both traders and investors as they navigate the complex dynamics of the cryptocurrency market. These whales are characterized by their significant capitalization and a proven track record of profitable trading, often influencing market trends and liquidity. A significant Ethereum (ETH) whale has recently accumulated 10,758 ETH, valued at approximately $32.14 million, through transactions on Binance since May 2. This strategic accumulation follows Ethereum’s nearly 20% decline in value over the past 30 days, although it is still trading slightly above the $3,000 level, marking an…

The Sandbox Moodie Challenge, introduced by Cuisinia, is associated with all the glories and goodies of food, culture, and digital magic. It will represent everything Thai as far as exotic cuisine, a sheer paradise for all foodies. Cuisinia, on its part, is everything one can possibly imagine, primarily foodie goodies. It is a Web3 business whose focus is on initiating a community surrounded by the very aspect of cooking, exposing the taste buds to various flavors, the nose to aromas, and sharing the same with one another. Cuisinia x The Sandbox Moodie Challenge brings to the table a cooking-oriented game,…

Ethereum’s transaction fees have reached a six-month low, caused by the shift of transactions to layer-2 (L2) blockchains, according to the latest edition of IntoTheBlock’s “On-chain Insights” newsletter. This migration has contributed to a decrease in the total fees accrued by Ethereum. In April, transactions on the largest three L2s, Arbitrum, Optimism, and Base, accounted for an unprecedented 82% of all Ethereum transactions. With the inclusion of additional L2s, this percentage is likely even higher. The launch of EIP-4844 on March 13 played a crucial role in this transition by slashing L2 fees by more than tenfold, leading to a…

StaFi, a multi-chain liquid staking derivatives (LSD) protocol, has announced it would support the EigenLayer Liquid Restaking Token (LRT), according to the information shared with Finbold on May 10. The integration accompanies the release of the StaFi 2.0 roadmap, outlining plans for the LRT Stack and representing a significant milestone just a month after launching LSaaS (Liquid Staking as a Service). Leveraging the success of the EigenLayer mainnet launch The addition of LRT support leverages the successful launch of the EigenLayer mainnet, enabling developers and project teams to seamlessly deploy LRT on LSaaS, greatly streamlining LRT development and enhancing the…