Author: NBTC
$SUI, $MEME, and other major cryptocurrencies will be unlocked in millions of dollars worth. The cryptocurrency market is preparing for an upcoming week when most tokens will be unlocked across popular platforms. These unlocks sum up to hundreds of millions of dollars and hold significant value, demonstrating their potential to alter related tokens’ supply, demand, and market sentiment. MAJOR UPCOMING TOKEN UNLOCKS #Sui $SUI #Memecoin $MEME #MinesOfDalarnia $DAR #SleeplessAI $AI #Galxe $GAL #Everclear $NEXT #Hashflow $HFT #JitoLabs $JTO #Neon $NEON pic.twitter.com/uKH81GjCZm — PHOENIX – Crypto News & Analytics (@pnxgrp) December 3, 2024 $SUI Sets the Tone with $301.82M Unlock Leading…
In a Thinking Crypto podcast, Amanda Tuminelli, Chief Legal Officer at the Defi Education Fund, has discussed the IRS and treasury’s recent rulemaking on digital asset transactions. The IRS finalized a tax reporting rule for defi industry participants on December 27th, which they argue is too broad to be considered a broker under the statutory definition. They filed a lawsuit against the Blockchain Association and Tech Texas Blockchain Council in federal court to preserve their objection to the rule. A Pushback Possible? The TLDR defines a broker as someone who, for consideration for money, effectuates transfers of digital assets on…
Bitcoin (BTC) recently brushed the $99,800 mark, making it tantalizingly close to the elusive $100,000 milestone. This achievement sparks reflection on past trends and the cryptocurrency’s potential trajectory in the months and years ahead. Breaking Barriers or Cooling Down? Bitcoin’s $100K Struggle Back in 2017, bitcoin (BTC) approached $20,000, peaking between $19,475 and $19,695 but never quite hitting the round number target. A comparable scenario unfolded during the 2021 bull market, which, while less fervent than 2017, saw bitcoin climb to around $69,000—an improvement, yet lacking the unrestrained upward momentum of its earlier counterpart. Fast forward to Nov. 21, 2024,…
In a significant market move, Binance’s exchange token BNB has surged by nearly 20% in the past 24 hours, according to data from CoinGecko. BNB Surges 20%, Overtakes Solana to Become Fifth Largest Cryptocurrency This impressive rally has pushed BNB’s market cap ahead of Solana’s SOL, solidifying its position as the fifth-largest cryptocurrency. As of the latest data, the price of BNB has reached a record high of $793, indicating strong investor interest and renewed confidence in the Binance ecosystem. The price increase highlights the ongoing demand for exchange-based tokens, which are gaining traction as integral components of their respective…
In a latest develoment, Coinbase Global Inc has obtained the unredacted files from the Federal Deposits Insurance Commission (FDIC) in its ongoing investigation into its role in the Operation Chokepoint 2.0 agenda. Paul Grewal, the Coinbase CLO has highlighted in a recent X post that it took the FDIC a Court order to release the documents. These unredacted documents are now available to members of the public. We finally got the unredacted OCP 2.0 letters from @FDICgov. It took a Court order but you can now read them for yourself below. They show a coordinated effort to stop a wide…
The price of Binance Coin (BNB) has reached an all-time high with the opening of a new trading session on the crypto market. Trading at $793.86 per token, BNB has surpassed its 2021 high, and right now we can say that it has entered the price discovery phase. Against this backdrop, Changpeng Zhao, known as CZ, the former head of Binance until U.S. regulators cracked down on both the exchange and the crypto businessman himself, made a comment. Zhao wrote that his opinion on Binance remains the same – “ready to build.” In addition, the entrepreneur issued a warning not…
WASHINGTON, Jan 3 (Reuters) – A U.S. bank regulator told banks to pause dabbling directly in crypto in 2022 and 2023, but did not order them to stop providing banking services to crypto companies contrary to industry complaints of widespread “debanking,” according to documents released on Friday. A judge ordered the Federal Deposit Insurance Corporation to provide versions of supervisory “pause letters”, opens new tab it sent to unidentified banks after History Associates Incorporated, a research firm hired by crypto exchange Coinbase (COIN.O), opens new tab, sued the agency to release them. The FDIC first released the letters in December…
Analyst Apsk has weighed in on the timeline for Bitcoin to attain a $150K market top consistent with the previous cycle. The Bitcoin market has turned bearish again after an unsuccessful attempt to break the $100K price level. Just yesterday, Bitcoin was priced at $98,935, but it has dropped by 7.5% at press time to $91,500. With this bearish performance sparking concerns, analysts now reassure market participants that Bitcoin is still far from its cycle top. In a post today, Apsk, an engineer and Bitcoin analyst, revisited patterns from Bitcoin’s past cycles, suggesting that the current cycle is still in…
The world of cryptocurrencies is no stranger to unexpected trends. Among them, few have been as impactful and entertaining as the rise of animal-inspired memecoins. CoinGecko’s recent coverage of Peanut the Squirrel ($PNUT) reveals the fascinating dynamics behind these tokens. Animal-themed memecoin, $PNUT has outperformed competitive memecoin by showing a significant rise of 135x than $DOGE, rolling out $1 billion in 11 days. Memecoins are built on a foundation of humor, community, and viral storytelling. The memecoin, $PNUT, has captivated investors by achieving astronomical growth in record-breaking time. $PNUT Leads the Pack of Animal Memecoins, CoinGecko Report P$NUT’s journey to…
As we enter the new year, cryptocurrency has been enjoying a thriving environment, with every angle turning out in its favor. From Washington, D.C., to Silicon Valley, cryptocurrency has been floating on untested waters as the new administration is taking shape. As the pro-crypto president-elect has yet to assume office, the future of digital assets looks promising, with some key administrative offices taking shape. The Securities and Exchange Commission is having a new nominee for chairperson, who is also pro-crypto. Besides, there will also be a new AI and crypto czar. Although the new administration is creating a promising environment,…