Author: NBTC
Justin Sun, the founder of the Tron network, has applauded the impressive price performance of Ethereum-based memecoin, the First Neiro on Ethereum (NEIRO). In a post on Monday, Sun commented, “This dog’s got some serious swag,” to a picture of NEIRO’s price surge following an announcement from leading exchange Binance that it would list the token for spot trading by 10 AM (UTC). https://twitter.com/justinsuntron/status/1835578519822409875 In a subsequent post, the founder showed a keen appreciation of NEIRO’s preposterous rise to fame, applauding the community for the massive support. Sun stated that the community always wins, insinuating that NEIRO’s listing on Binance…
The U.S District Court in Manhattan has ruled the Citadel Securities’ lawsuit accusing crypto-trading startup Portofino of stealing the firm’s trade secrets can largely proceed. According to a court filing on Oct. 30, the Manhattan District court has agreed to proceed with Citadel’s lawsuit against crypto-trading startup Portofino created the two former Citadel Securities employees who are accused of stealing trade secrets to form the startup. The judge denied in part Portofino’s motion to dismiss the case, but he also did the same to Citadel Securities’ claims that Portofino breached the employment contracts of three Citadel Securities workers it tried…
Howard Lutnick, CEO of Cantor Fitzgerald, one of the world’s leading investment companies with an estimated fortune of $13.2 billion, attracted attention with his assertive stance on Bitcoin. Speaking candidly in a recent interview, Lutnick outlined the depth of his personal and institutional investments in BTC, revealing a significant amount of investment and an ambitious outlook. “I have hundreds of millions of dollars invested in Bitcoin,” Lutnick said when asked about the size of his Bitcoin holdings, “and it’s going to be in the billions.” Lutnick’s optimism reflects Cantor Fitzgerald’s strategic view of its role in integrating Bitcoin into mainstream…
Ripple CTO David Schwartz clarifies Jed McCaleb’s exclusion from the SEC lawsuit against Ripple’s current executives. The SEC originally targeted Brad Garlinghouse and Chris Larsen, alleging $1.3 billion raised through unregistered XRP sales. The SEC is reviving the aiding and abetting claims against Garlinghouse and Larsen. Ripple CTO David Schwartz addressed questions on why Ripple co-founder Jed McCaleb was excluded from the SEC’s lawsuit. In a post on X, crypto commentator “Digital Asset Investor” publicly questioned McCaleb’s exclusion from the case. The inquiry followed a post by Andrew De Vilbis, who shared McCaleb’s vision for Stellar, the blockchain project McCaleb…
Tap-to-earn took over crypto gaming this year, garnering hundreds of millions of players via Telegram mini apps. As a result, The Open Network (TON), the Telegram-aligned blockchain that most tap-to-earn games have launched their tokens on, has skyrocketed in popularity. But the co-founder of TON Society, a foundation that supports the blockchain’s ecosystems with grants, thinks that tap-to-earn should be seen less as merely a gaming mechanic—and more as an effective way to introduce products to users. “What we’re going to see next is projects using the viral mechanic, tap-to-earn, as more of a launch strategy,” TON Society co-founder Jack…
The Bitcoin mining industry is facing some tough times, with the average cost to produce a BTC reaching $96,100 for publicly traded miners when including non-cash costs such as depreciation and stock-based compensation, according to a report by CoinShares analyst James Butterfill. As the data shows, average cash costs rose to $49,500 per BTC in Q2, 2024, up from $47,200 in Q1, and there’s no stopping it. The reason is that mining conditions are becoming more complex and capital intensive. According to reports, miners are still expanding their infrastructure despite high production costs and increasing difficulty. They are hoping that…
OpenEden, a platform focused on tokenizing real-world assets (RWA), recently experienced a significant drop in its total value locked (TVL) following allegations against its co-founder, Eugene Ng. As a growing name in tokenization, OpenEden has attracted industry heavyweights like Ripple and Binance. The platform aims to deliver a cost-effective and accessible way for investors to tap into tokenized treasuries, offering blockchain-based access to traditional financial assets. Why OpenEden’s TVL Declined by Around $30 Million According to DeFillama data, OpenEden’s TVL dropped sharply from around $153 million to $123 million on November 1. However, the metric has rebounded slightly to $134.5…
Metaplanet’s Bitcoin adoption has sent its stock soaring around 1,017% so far this year, making it the best-performing Japanese stock in 2024, according to Simon Gerovich, the company’s CEO. 日本で最も上昇した上位20銘柄Top 20 Best Performing Stocks in Japan pic.twitter.com/88zjfFp2Ee — Simon Gerovich (@gerovich) November 1, 2024 The company, which began its Bitcoin initiative in April, has established itself as one of Asia’s largest corporate Bitcoin holders. Share prices jumped 740% in six months, climbing from $190 in April to $1,596 at Friday’s market close, according to Yahoo Finance data. Once struggling to revive its stagnant business, Metaplanet has transformed itself into a…
The announcement of Binance listing First Neiro on Ethereum (NEIRO) for spot trading triggered a massive 700% price surge, catapulting its market cap from $15 million to $146 million in a day, with trading volumes skyrocketing from $8 million to over $220 million. Binance’s decision to list two different NEIRO tokens, one for futures and another for spot trading, each with distinct contract addresses, has led to community backlash and confusion over which token represents the “true” NEIRO. NEIRO, inspired by Neiro, a Shiba Inu related to the Dogecoin mascot Kabosu, has spawned multiple tokens across blockchains. Despite the community’s…
Craig Wright, who is not Satoshi, attended a court hearing today concerning a contempt application filed by the Cryptocurrency Open Patent Alliance (COPA). The judge scheduled the contempt hearing for Dec. 18, with discussions on whether Wright must appear in person and potential cross-examination. BitMex Research provided a live transcript of the court proceedings, during which the judge addressed Wright’s objection to a stay in the claim against Square Up and other defendants. Wright initially resisted but conceded after the judge clarified that a short stay would not affect the trial date. The judge ruled to stay the claim against…