Author: NBTC

As bitcoin (BTC) continues to frustrate traders with lackluster price action below $100,000, here are key events this week that could reignite market activity. FTX payout FTX, formerly the world’s third-largest digital assets exchange, is set to begin its first round of creditor payouts after going bust in late 2022. First up are Convenience class creditors, those claiming no more than $50,000, who will receive full repayment and a 9% annual post-petition interest. While optimism is high that the recipients will rotate this money into the market, lifting valuations across the board, not everyone agrees. “FTX will distribute approximately $1.2…

US prosecutors have been informed that they may have jurisdiction to pursue charges against President Javier Milei or other figures involved with the LIBRA meme coin scandal. Impeachment efforts have already begun in Argentina. An American citizen, Hayden Davis, was principally involved in the launch of LIBRA and brazenly admitted to criminal actions in a recent interview. The scandal also tanked Argentine stocks by nearly 6% today. President Milei’s LIBRA Meme Coin Scandal Goes Global A titanic scandal is happening in crypto, as Argentina’s President, Javier Milei, was directly involved in a huge rug pull. Milei, a pro-Bitcoin world leader,…

If you thought building and deploying a dapp was hard, try creating your own web3 game. It’s a task that few teams have been able to master, requiring a diverse skill set spanning both traditional gaming competencies as well as deep knowledge of blockchain infrastructure. No wonder that conventional gaming studios have largely faded web3 gaming up until now, or limited themselves with tentative forays such as adding web wallets to existing games. The need to write smart contracts, manage wallets, and handle blockchain transactions add layers of complexity that deter studios that might otherwise have been tempted to explore…

Kava has introduced a major update to Kava AI, incorporating a decentralized version of the DeepSeek model to streamline blockchain transactions. The update aims to remove complexities in cross-chain finance, allowing users to execute crypto operations through simple prompts instead of navigating multiple apps and wallets, according to a note shared with crypto.news. Kava AI is designed to facilitate on-chain transactions by processing user requests in natural language. Instead of manually bridging assets or swapping tokens, users can issue commands like “Move my tokens to another chain” or “Swap for a stablecoin,” and Kava AI executes the transactions. The system…

The following is a guest post from Christina Comben. I first met Mark Moss at the entrance to the media center by the main stage at Bitcoin MENA in Abu Dhabi, the first official Bitcoin conference in this part of the world. We haven’t met before but from his familiar drawl, infectious personality, and volumes of insightful content (including a YouTube channel and best-selling book The Uncommunist Manifesto), I feel I know him already. Mark has been championing the benefits of Bitcoin to anyone who will listen since 2016 and was a serial entrepreneur long before. “I started a business…

This is a segment from The Drop newsletter. To read full editions, subscribe. As most of you probably know by now, Doodles — the rainbow-barfing Ethereum NFT collection of 10,000 PFPs of the 2021 NFT boom — is launching a token on Solana. Response so far has been pretty mixed. A lot of Crypto Twitter loves a token, especially one from an established brand, but there’s also been some criticism. First, there’s the token allocation. As one poster has pointed out, the Doodles team may receive up to 57% of the DOOD tokens, once you combine the parts of the…

Amid the Solana memecoin LIBRA controversy, Ethereum (ETH) has experienced a rally with a 3.37% spike with an impressive rise in TVL as a lot of users are migrating to Ethereum. Lookonchain data shows that a large amount of capital is shifting toward Ethereum. In the last 7 days, stablecoins like USDC and USDT holdings on Ethereum surged by $1.1 billion. On the flip side, around $772 million fund has taken departure from Solana. The migration started after the launch of the LIBRA memecoin which raised questions on the credibility of the Solana blockchain. The controversy sparked a massive drop…

Crypto outflows totaled $415 million last week, marking a sharp reversal from a streak of net positive flows since the beginning of the year. This downturn is largely attributed to Federal Reserve Chair Jerome Powell’s recent hawkish remarks and higher-than-expected US inflation data. Bitcoin Succumbs As Crypto Outflows Hit $415 Million The latest CoinShares report indicates that crypto outflows amounted to $430 million last week. Bitcoin (BTC), known for its sensitivity to interest rate expectations, bore the brunt of the investor retreat, indicating a broader risk-off sentiment in the crypto market. Crypto Outflows Reach $415 Million Last Week. Source: CoinShares…

The cryptocurrency market continues to witness vigorous activity in Artificial Intelligence-focused projects. Therefore, according to data from LunarCrush, a list of the top AI ecosystem currencies ranked on their social activities has highlighted considerable attention. Some distinctive points on the list include social media posts, user interactions, and social media dominance. ⚡️ TOP AI Ecosystem Coins by Social Activity$TAO $FET $RENDER $NEAR $AIXBT $QUBIC #VIRTUAL $PHA $PAAL $IO pic.twitter.com/ZXgeKL7vC2 — 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) January 4, 2025 Social Engagement Metrics Show Dominance of $TAO, $FET, and $RENDER $TAO, $FET, and $RENDER are at the forefront of social activity, thus…

In a latest development, Elon Musk’s DOGE has announced audit into the SEC for fraud, abuse and waste. The cryptocurrency community is closely watching this development, particularly as the SEC’s lawsuit against Ripple is nearing its conclusion. The DOGE_SEC account has urged the public to share information about the SEC’s actions. “DOGE is seeking help from the public! Please DM this account with insights on finding and fixing waste, fraud, and abuse,” the account posted. DOGE is seeking help from the public! Please DM this account with insights on finding and fixing waste, fraud and abuse relating to the Securities…