Author: NBTC
The U.S. Securities and Exchange Commission (SEC) has repealed Staff Accounting Bulletin No. 121 (SAB 121), a controversial crypto accounting rule that the cryptocurrency industry claimed discouraged banks from dealing in digital assets. The decision is expected to pave the way for traditional financial institutions to participate more freely in the crypto sector. Commissioner Hester Peirce, known as “Crypto Mom” for her pro-crypto stance, celebrated its repeal by tweeting, “Bye SAB 121, it was no fun.” SAB 121 previously required banks that held cryptocurrencies for their customers to record it as a liability on their balance sheets. This accounting practice…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In the summer of 2016, a flaw in Ethereum’s most prominent decentralized autonomous organization led to the theft of more than $50 million of Ethereum (ETH) —around 4.5% of all Ethereum in circulation at the time—an incident which became colloquially known as The DAO Hack. The episode marked a defining moment for blockchain security, with the industry responding with enhanced smart contract auditing, formal verification, and, in time, more secure programming frameworks. It was a crisis-driven innovation,…
Bitcoin (BTC), the largest cryptocurrency, finally drops below $90,000, losing $118 billion in capitalization in 12 hours. However, CryptoQuant’s verified author does not expect this drop to go much lower since short-term holders remain in profit. Bitcoin (BTC) price to $88,000: Next key level to track In the short term, the Bitcoin (BTC) price might find its local “floor” at $90,000. However, entering the “breathing space” in $88,000 zone will not surprise pseudonymous cryptocurrency analyst Percival, CryptoQuant’s verified author. Is Bitcoin’s Indecision Channel Trying to Find Demand to Continue?“The odds favor the $90K floor, but beware! There is a gap…
Ethereum (ETH) is showing signs of a strong upward move, with technical indicators pointing to a potential rally. According to an analyst, ETH could reach a new all-time high in March, sending it to above $4,880 per token. A recent analysis by TedPillows suggests that ETH has entered its short-term expansion phase following a period of accumulation and manipulation. This breakout from consolidation indicates that Ethereum could be on the verge of a significant price surge, with new highs in sight. Ethereum’s breakout signals strong momentum According to the analysis, Ethereum’s price action has followed a classic accumulation and expansion…
Yesterday was nщt just another day for the markets — it was a shake-up, plain and simple. DeepSeek, a fresh face in the AI race and China’s answer to OpenAI’s ChatGPT, made its grand entrance. With it came chaos. Broader markets, including the NASDAQ, took a hit, dragging crypto along for the ride. The result? Outflows. Big ones, according to James Butterfill. Bitcoin and Ethereum bore the brunt, with $442 million and $99 million pulled from their exchange-traded products (ETPs). With total crypto ETP outflows topping $534 million, you are looking at one of the more dramatic single-day movements in…
Aelf, a popular AI-enhanced L1 blockchain network, has recently accomplished a significant $ELF token burn. As per aelf, the platform has effectively conducted the burn of up to 295,519,800 $ELF tokens (equaling $128M) on ERC-20 to solidify tokenomics and promote mainnet ecosystem migration. The platform took to social media to disclose this development. We are pleased to announce that the burning has been successfully completed! The total number of $ELF ERC-20 tokens burned is 295,519,800.🔥Transaction IDs:🔹0xe2edff3da5982429916f886622744392264adfe4a0bd3eed87f279caffd6b60f… https://t.co/bMwtJZzLKs pic.twitter.com/iCakR2P52V — aelf (@aelfblockchain) January 18, 2025 Aelf’s $128M Token Burn of $ELF Reinforces Tokenomics and Sustainable Growth Aelf asserted that the ERC-20…
According to a Phoenix Group report, in the past week, the overall trading volume of major crypto centralized exchanges reached $563.61 billion. TOP CENTRALIZED EXCHANGES BY WEEKLY TRADING VOLUME #Binance #Cryptocom #Bybit #Coinbase #GateIo #Upbit #OKX #MEXC #Bitmart pic.twitter.com/OcGUfVWT2m — PHOENIX – Crypto News & Analytics (@pnxgrp) January 28, 2025 Largest exchanges by trading volume The data released by Phoenix Group highlighted the top nine centralized exchanges with the highest trading volume in the last seven days. As per the data, Binance continues to prevail in the centralized exchange market with a 36.2% market share and a trading volume of…
Neutron, a popular Comos network-based blockchain, has announced the launch of its v5.1. As per Neutron, it is getting ready for the v5.1 version upgrade that is going to take place on the 12th of February to increase user experience. The platform disclosed this development on its official social media account. Neutron v5.1 Upgrade ⏫️A scheduled network upgrade will take place at block height 19947000, expected around 2 PM UTC on Feb. 12th.Live countdown: https://t.co/AIf66HRxTLUpgrade details ⤵️ — Neutron 🔀 (@Neutron_org) January 29, 2025 Neutron Announces v5.1 Upgrade to Increase Ecosystem’s Flexibility, Security, and Stability for Users Neutron revealed that…
Bitcoin extended its losses today, briefly dropping below $90,000 as investors dumped growth-oriented assets including cryptocurrencies and technology stocks. The largest cryptocurrency was last seen trading at $92,567.84, down 2% on the day, according to Coin Metrics. Bitcoin recently dropped to $89,259.00, marking a 9% drop in the past week. Ethereum fared worse, shedding 7%, while the broader crypto market as measured by leading indexes fell more than 5%. Shares of crypto-related companies also felt the impact, with Coinbase down 4%, MicroStrategy down 3%, and Marathon Digital Holdings and Core Scientific down 4% and 2% respectively. The cryptocurrency sell-off was…
An Ethereum-based “on-chain” clone of Michael Saylor’s $86 billion bitcoin (BTC) bet MicroStrategy has informed users of a “misconfigured” UI, which mistakenly sent 165 ether (ETH) of deposits to an unverified contract. Ether Strategy reassured users via X that the misplaced funds have since been transferred to the correct deposit contract. One of the project’s developers, ex-SushiSwap CTO Joseph Delong, replied, linking to a transaction of the funds being recovered. Read more: Why have MicroStrategy insiders been dumping MSTR? Ether Strategy aims to replicate MicroStrategy’s leveraged BTC play directly on the blockchain, with users receiving ETHSR tokens in return for…