Author: NBTC
Data recently shared by the Shibburn tracking platform that picks data from Etherscan has revealed that a massive SHIB burn rate increase has taken place overnight. This metric has demonstrated a three-digit growth just a few steps away from a four-digit one. This has aligned with the remarkable reverse of the cryptocurrency market that drove it back into the green zone. SHIB burns up 984% but here’s catch The aforementioned data source published a tweet, showing an immense 984.58% increase in the SHIB burn metric that has taken place over the past 24 hours. That rise was achieved thanks to…
U.S. Customs and Border Protection (CBP) has released updated tariff guidance, confirming that 20 product categories under the Harmonized Tariff Schedule of the United States (HTSUS) will be exempt from newly implemented “reciprocal duties.” The decision follows a memorandum signed by President Donald Trump amid rising trade tensions with China. The exemptions cover a wide range of technology-related products, including integrated circuits (HS 8542), smartphones (HS 8517.13.00), flat panel display modules (HS 8524), computers and components (HS 8471, 8473.30), and semiconductor manufacturing equipment (HS 8486). Other electronic products, including solar cells, flat panel TV displays, flash drives, and memory cards,…
A Nigerian court has postponed Binance’s tax evasion case to April 30, giving the country’s tax agency more time to respond to the exchange’s legal filings, according to Binance’s legal team. Nigeria Demands $81B for Unpaid Taxes and Damages The Federal Inland Revenue Service (FIRS) is demanding $2 billion in unpaid taxes and $79.5 billion in damages, claiming Binance’s operations in Nigeria caused economic harm.The agency claims that Binance has a “significant economic presence” in the country and should have paid corporate taxes for 2022 and 2023, plus a 10% yearly penalty on overdue amounts. Binance’s court case in Nigeria…
Swiss francs and gold have become some of the best safe-haven assets as the stock and bond market turmoil continues. The USD/CHF exchange rate tumbled to 0.8100 on Friday, 12% below its highest point in 2024. This performance has made the Swiss franc one of the best-performing currencies this year. The Swiss franc’s performance was the polar opposite of the U.S. dollar’s, which tumbled to 2018 lows. Its performance is primarily due to Switzerland’s neutrality and banking secrecy laws, which have always made it a haven. The Swiss National Bank (SNB) is a major investor in U.S. markets and holds…
The NFT market is feeling the impact of the broader crypto slump, with sales volume decreasing by 4.7% to $94.7 million. According to data from CryptoSlam, this is a continued downward trend from the previous week’s $102.8 million. The drop extends beyond just sales volume, with NFT buyers plummeting by 77.9% to 128,244, and NFT sellers falling by 75.2% to 85,792. NFT transactions have also declined by 6.3% to 1,441,009. The downward momentum coincides with Bitcoin (BTC) dropping to the $83,000 level. At the same time, Ethereum (ETH) has lost 13.5% of its value in the last seven days and…
World Liberty Fi, a project linked to US President Donald Trump, has purchased SEI tokens, worth at least $775,000. The investment has triggered excitement among SEI enthusiasts. Notably, the SEI market has recorded an impressive surge of 7.8% in the last 24 hours. In the last one hour alone, the market has climbed by nearly 3.4%. Here is what you should know. Trump’s World Liberty FI Makes Crypto Move World Liberty Fi is a project controlled by the Trump family. Since the inauguration of Donald Trump as the US president, the project has gained immense attention. Currently, the total value…
Bill Barhydt, founder and CEO of Abra Global, a crypto asset manager, is projecting that Bitcoin (BTC) will likely rally by nearly 70% by summer 2025. Barhydt’s prediction that Bitcoin will trade between $130,000 and $140,000 by mid-summary is rooted in macroeconomic analysis and rising global liquidity, which he views as a major catalyst for the next leg up in crypto markets. In an X post on April 10, Barhydt stated that Bitcoin’s price is closely tied to the broader tech sector and, more importantly, to the global money supply. As central banks inject liquidity into the system, risk assets…
With EIP 1559 activated, Ether’s economic model became similar to that of tech stocks, while Bitcoin (BTC) solidified its “store of value” status. That was a major mistake for Ethereum that damaged ETH, Frax and Everipedia founder says. Ethereum’s network utility fails to catalyze ETH price Ethereum (ETH), the largest smart contracts platform, remains “amazing” and is still on its way to becoming a major issuance layer in the world. At the same time, this inspiring tech journey has nothing to do with ETH price performance, Frax’s Sam Kazemian shared on X. This has been my thesis: Ethereum the network…
The co-founder of COTI believes the controversy surrounding central bank digital currencies will subside as major financial players adopt the technology and optimal designs are established. The co-founder however downplayed the possibility that central bank digital currencies will be built to interface with decentralized finance protocols or Web3 ecosystems. Privacy Crucial for CBDC Implementation Shahaf Bar-Geffen, co-founder of COTI, a blockchain technology company, believes that the current controversy surrounding Central Bank Digital Currencies (CBDCs) will diminish as major financial players embrace the technology and optimal designs are established. Bar-Geffen, a seasoned technology entrepreneur, made these comments in response to questions…
Tether mints $1B USDT on Tron; 450M sent to HTX as stablecoin supply hits $67.3B—bullish signal for crypto markets. Bitcoin eyes $91K breakout amid rising demand; Ethereum withdrawals hint altseason 2025 may be closer than expected. Leading stablecoins issuer Tether minted 1 billion USDT on Tron (TRX) network on Saturday, April 12, during the early Western financial markets. According to Paolo Ardoino, CEO Tether, the 1 billion mint is an authorized but not an issued transaction. The rising confidence of Bitcoin as a long term investment suggests an imminent bullish breakout ahead. Changpeng Zhao, Binance Co-founder, believes BTC will hit…