Author: NBTC

Blockchain analysts have uncovered links between the LIBRA meme coin and other questionable crypto projects, including the official token of Melania Trump. These findings have raised further concerns on LIBRA particularly after its brief endorsement by Argentina’s President Javier Milei. Suspicious Connections Between LIBRA And MELANIA On February 16, Chaofan Shou, co-founder of Fuzzland, alleged that LIBRA’s market maker operates from Delhi and was also involved in the MELANIA meme coin. Shou shared wallet data suggesting that the same entity controlled both projects, fueling suspicions of coordinated insider activity. He further linked the LIBRA team to tokens like Enron and…

Bitcoin has managed to maintain strong support at $95,000 for some time. However, this level could face challenges as the cryptocurrency’s overvaluation may lead to a correction. If this support is broken, Bitcoin could experience a drop, potentially reaching as low as $92,000, which would trigger further concerns for investors. Bitcoin Is Facing Trouble The Network Value to Transactions (NVT) ratio is currently at a five-month high, a level last seen in September 2024. The NVT ratio, which measures the relationship between Bitcoin’s network value and transaction volume, suggests that network value is far higher than actual transactions. This imbalance…

Lumia and Polygon Labs have teamed up to build the world’s first crypto real-estate project, Lumia Towers. Following the announcement, crypto.news had the opportunity to conduct a Q&A with Head of Enterprise and Financial Services for Polygon Labs, Boris Spremo and Lumia CEO Kal Ali. Spanning over 50,000 square meters and located in the largest city in Turkey, Istanbul, the massive $220 million infrastructure is set to house 300 residential and commercial units and is poised to become a global crypto hub. According to Lumia CEO Kal Ali, the twin skyscrapers will be completed and fully tokenized by the second…

With the continuous growth in the crypto market, several crypto assets have grasped attention with significant gains. As per the data from CoinMarketCap, Onyxcoin ($XCN), Artificial Superintelligence Alliance ($FET), and Maker ($MKR) are leading the market, as of February 16th. The other prominent gainers include TRON ($TRX), PancakeSwap ($CAKE), Kaspa ($KAS), POL ($POL), BNB ($BNB), $OKB ($OKB), and MANTRA ($OM). However, the gains of all these coins were limited to single digits only. Onyxcoin ($XCN) Leads Top Crypto Gainers with 3.11% Rise Onyxcoin ($XCN) is standing at the peak of the list of top gainers with its price reaching $0.0226.…

Digital asset prime broker FalconX said Saturday it has completed the “first-ever” block trade for CME Group’s Solana futures with StoneX as counterparty, a day ahead of the SOL futures launch of new contracts expected on March 17. The San Mateo, California headquartered broker executed the transaction with the goal of providing a way “to manage risk and price exposure on a regulated venue,” Josh Barkhordar, head of U.S. sales at the firm said in a statement. A block trade in this context is a large-volume, privately negotiated transaction of the futures contracts, done outside the open market to avoid…

The U.S. crypto task force will focus on starting up a national bitcoin (BTC) reserve, a move that is likely to spur similar efforts worldwide, broker Bernstein said in a research report Monday. “A creation of a U.S. bitcoin reserve could lead to a global race amongst sovereigns to buy bitcoin as one of the reserve assets,” analysts led by Gautam Chhugani wrote. The formation of a strategic reserve poses a number of structural questions, the report said. Will the U.S. Federal Reserve or the Treasury buy bitcoin? If the Fed, that would require legislative approval, the report noted. How…

The digital ruble’s rollout is facing challenges, with 30% of Russian banks unprepared due to outdated infrastructure and reluctance to comply with the central bank’s CBDC plans. A recent survey conducted by tech firm Flant and Diasoft found that around 30% of Russian banks aren’t yet ready to adopt the digital ruble, Russia‘s form of a central bank digital currency. According to a Vedomosti report, March 14, Russian banks appear to be reluctant to act as “agents” for the central bank. The main problem: concerns about losing control over their clients’ finances and facing stricter transparency requirements. Local experts suggest…

DonAlt, a prominent pseudonymous cryptocurrency pundit with more than 650,000 followers, believes that Solana has gone from “beloved” to “hated” quickly after its reputation has been tarnished. “SOL went from beloved to hated quickly only because everyone on the chain lost all their money to scams,” he said. As noted by DonAlt, there were many voices who had some concerns about “a scam” culture on the chain during the early stages of its development. However, these concerns were largely ignored by the community due to the fact that they helped to inflate numbers, thus making the ecosystem way more prominent.…

The newly appointed governor of the Reserve Bank of India (RBI), Sanjay Malhotra, announced that the central bank will expand the reach of United Payments Interface (UPI) bilaterally by linking UPI with fast payment systems of other countries and facilitating efficient cross-border payments. Simultaneously, the RBI will explore linking payment systems other than UPI to improve cross-border payment effectiveness and foster innovation in payment systems through “soft-touch regulations” within established boundaries. “While in domestic payments, the success of UPI has propelled India to a leadership position with a share of 48.5 per cent in global real-time payments by volume, we…

21Shares just announced it will be liquidating two of its exchange-traded funds after a routine review. 21Shares has announced plans to liquidate two of its exchange-traded funds that invest Bitcoin (BTC) and Ethereum (ETH) futures. Specifically, it will liquidate the ARK 21Shares Active Bitcoin Ethereum Strategy ETF and the ARK 21Shares Active On-Chain Bitcoin Strategy ETF, both trading on Cboe BZX. The last day to buy or sell shares of these ETFs is March 27. On March 28, both will be officially liquidated. Shareholders who don’t sell until the date will receive cash based on the value of their shares…