Author: NBTC
James Hunsaker, a former employee of Jump Trading, made a shocking statement in the Terraform Labs case today. Hunsaker revealed that he had filed a notice against Jump Trading with the SEC, alleging Do Kwon’s role in backing the UST algorithmic stablecoin before its $40 billion collapse in 2022. Jump Trading Spent Hundreds of Millions of Dollars to Save LUNA 1 Year Before the Real Collapse According to the statement, Jump Trading, a mysterious frequent trading firm that also owns cryptocurrency, had entered into a “significant agreement” with Terraform Labs (TFL) to increase adoption of UST. Hunsaker, who worked at…
Ripple CTO David Schwartz and Cardano creator Charles Hoskinson have ignited a fiery debate over the fate of XRP within the cryptocurrency community. The discussion, which unfolded on social media platforms, delved into allegations of conspiracy surrounding regulatory actions against XRP. The exchange began when Hoskinson addressed accusations that members of the Ethereum community had influenced regulatory decisions against XRP. He vehemently dismissed such claims as baseless conspiracy theories, emphasizing the lack of evidence to support such assertions. In response, Schwartz challenged Hoskinson’s stance, pointing to potential conflicts of interest involving former SEC official William Hinman, who allegedly had ties…
Binance Japan, one of the leading cryptocurrency exchanges in Asia, has announced the addition of a new XRP trading pair: XRP/JPY. In an official blog post, Binance says it will be adding four Japanese yen-denominated trading pairs to spot trading beginning April 30, 2024, at 5:00 p.m. (Japan time). These are XRP/JPY, ADA/JPY, SHIB/JPY and SOL/JPY. Trading bot services for the said trading pairs will also be enabled on this date. The XRP/JPY pair, along with the Japanese yen-denominated trading pairs mentioned above, will be eligible for the current buy-and-sell transaction fee-free campaign, which waives both maker and taker fees.…
Global payments infrastructure provider Mercuryo has announced its integration with zkSync, a Layer 2 scaling solution for Ethereum. This integration introduces an intuitive on-ramp service facilitating the conversion of fiat currency into digital tokens for users of the protocol. Transaction Simplification and Cost Efficiency Enhancement The integration holds the promise of enhancing the user experience within applications operating on the zkSync protocol. Specifically, it enables these applications to offer direct fiat-to-crypto purchases within their interface. Mercuryo’s involvement as a payments provider is anticipated to streamline transactions and render them more cost-effective by eliminating the necessity for applications to bridge assets…
The FED left interest rates unchanged at 5.25-5.50 percent in March. After the March decision, the markets turned to the May interest rate decision this week. When Will the May FED Interest Rate Decision Be Announced? While the third FED interest rate decision of 2024 is expected to have an impact on gold, dollar, oil, Bitcoin (BTC) and crypto currencies, the FED will announce its May decision on May 1 at 21:00 CET. FED President Jerome Powell will make a statement after the decision. In Which Direction Are Expectations Concentrating? Macroeconomic data that signals that the fight against inflation may…
Polkadot community is gearing up for the entire protocol upgrade to Polkadot 2.0. These fundamental and other positive trends in the Polkadot ecosystem present good boosts for DOT price. In anticipation of the impending launch of Polkadot 2.0, speculations is high on whether the update would be a game changer for Decentralized Finance (DeFi) or if it is just overhyped. These discussions follow a potential rally for Polkadot’s native cryptocurrency, DOT. Polkadot 2.0 Update Polkadot is a leading layer zero blockchain platform that enables secure communication across blockchains. As seen in a YouTube video by Crypto News Flash, the Polkadot’s…
Andromeda has made a major breakthrough as it has been listed on the Gate.io cryptocurrency exchange. Gate.io is one of the most reputed and reliable cryptocurrency trading platforms. With $ANDR now available for trading, the Andromeda team has opened up new trading and liquidity providing opportunities for the project’s community. Gate.io Offers Low Trading Fees and Free NFT Services Gate.io has established itself as a top-tier trading platform with formidable trading infrastructure and UX experience. The exchange creates a completely novel trading environment by offering highly sophisticated tools for both beginners and seasoned traders. Moreover, the platform has all-inclusive user…
Polkadot-related Peaq, a layer-1 blockchain network tailored for Decentralized Physical Infrastructure (DePIN) and Real-World Assets (RWAs), saw adoption from two major DePIN projects, MapMetrics and Natix Network, last week. MapMetrics migration On April 25, Web3 drive-to-earn platform MapMetrics revealed that it was migrating from the Solana blockchain to Peaq to enjoy the several features accessible via the DePIN-focused network. According to the firm, its migration would allow it to capitalize on Peaq’s seamless integration with other DePINs and its innovative Machine Composability feature. Other benefits identified include the synergy within Peaq’s growing enterprise ecosystem and utilizing the blockchain’s core DePIN…
Following an extended sideways consolidation phase, Bitcoin underwent a downtrend, touching the significant support zone around $60K. However, expectations point towards a resurgence in buying pressure, potentially leading to a rebound. Technical Analysis By Shayan The Daily Chart A comprehensive review of the daily chart unveils an extended period of sideways consolidation within the pivotal price range of $60K to $72K, with the recent price action seeing a decline towards the lower boundary of this range. Currently, Bitcoin finds itself at a crucial support zone, spanning between the 0.5 ($62,181) and 0.618 ($59,444) Fibonacci retracement levels, in alignment with the…
The whimsical Shiba Inu (SHIB) meme coin appears poised for another significant rally, according to prominent trader Captain Faibik. $SHIB #Shiba another 2x Bullish Rally incoming ✍️ pic.twitter.com/srIRdxAfPm — Captain Faibik (@CryptoFaibik) March 31, 2024 In a recent post, Captain Faibik (@CryptoFaibik) believes that it could experience massive gains. His chart appears to show characteristics of an ascending triangle pattern. This popular pattern is considered bullish due to its formation of higher lows. At the time of writing, SHIB is trading at $0.0000305 after a 24-hour increase of 1.3%. It is currently in 13th place by market capitalization while its…