Author: NBTC
The High Court of Hong Kong has ordered key figures involved in the MANTRA DAO project to disclose financial records in response to allegations of asset misappropriation and unauthorized control. The decision came in the ongoing legal battle between RioDeFi and MANTRA DAO over who owns the latter entity. The case, brought forth by RioDeFi Inc. and MANTRA DAO Inc., has garnered significant attention from the crypto industry due to its potential implications for transparency and governance within the blockchain space. Ownership battle Among the six defendants are John Patrick Mullin, William Donovan John Corkin, Rodrigo Quan Miranda, and Jayant…
Dogecoin (DOGE) witnessed a massive exchange withdrawal earlier today. Notably, this transfer was made from a bankrupt crypto exchange. Whale Alert tweeted that over 103 million DOGE were transferred from Bittrex to an unknown wallet. The withdrawal is estimated to be worth around $11.2 million, at the current Dogecoin price. Back in November 2023, Bittrex Global announced its complete shutdown after an earlier closure of its U.S. arm. It was revealed that the platform would cease trading on Dec. 4 of that year. However, withdrawals from the defunct trading platform have been allowed for customers to transfer their assets. The…
Base, the tokenless blockchain by Coinbase, wrapped up its first year as a competitive L2 network. Base had a positive impact on multiple apps and the entire Web3 space. Base turned a year old, achieving on-chain results that placed it far ahead of other L1 and L2 networks. Promoted by Coinbase, the Base network did not require a token and depended on intuitive Web3 wallets to gain users. While the chain increased the overall fees generated, it was also relatively cheap for end users. In its first year, Base reported more than 27M registered wallets, while also accelerating the addition…
Following Bitcoin’s (BTC) ongoing attempts to establish its price above the $65,000 support zone, a trading expert believes that technical analysis points to a more bearish scenario. In a TradingView post on June 18, the expert, Alan Santana, noted that Bitcoin has faced a “strong rejection,” setting the tone for a bearish trend. Santana highlighted a double top pattern formed on May 21 and again in early June. This pattern typically signals a reversal from a bullish to a bearish trend, further reinforcing Bitcoin’s negative outlook. Additionally, the expert noted that a consistent decrease in trading volume supports the bearish…
THORChain’s user base surged by 41% in 2024, reaching over 510,000 unique users. THORChain’s total trading volume surpassed $71 billion, with a record-breaking $3 billion in weeks this year. In a tweet, on-chain analyst Hess shared the latest developments on THORChain. The network, which currently has 510,000 unique users and has conducted 19.7 million transactions, has seen its total trading volume exceed an astonishing $70 billion. This astonishing milestone demonstrates THORChain’s expanding significance and popularity in the decentralized finance (DeFi) industry. With 510,000 unique users and 19.7 million transactions, @THORChain’s total trading volume has exceeded 70,000,000,000 USD! Let’s Dive in👇…
Popular crypto price tracker Coinpedia Markets speculates that Shiba Inu (SHIB) could witness an astronomical rally after the U.S. SEC approves Ethereum (ETH) spot exchange-traded funds (ETFs). The analytics platform issued the forecast in an X post yesterday, speculating that SHIB’s price could surge between 10x and 100x following the approval of Ethereum spot ETFs. Top 10 #Altcoins Poised For 10-100X After The Spot #EthereumETF Approval 🚀 1. Pepe ( $PEPE)2. Ethereum Name Service ( $ENS)3. Bonk ( $BONK)4. Toncoin ( $TON)5. Render ( $RNDR)6. ShibaInu ( $SHIB)7. Ondo ( $ONDO)8. Turbo ( $TURBO)9. BabyDogeCoin ( #BABYDOGE)10. Byte (… pic.twitter.com/ax1zWvJ54F…
Elon Musk’s social media platform, X, initiates an antitrust lawsuit targeting major brands such as CVS Health and Unilever. CEO Linda Yaccarino argues that these brands have engaged in unlawful coordination to damage X’s business interests. GARM, a key defendant in the lawsuit, halts operations due to the financial strain caused by the legal action. The latest twist in Elon Musk’s battle against major advertisers could reshape the landscape of digital marketing. Stay informed with in-depth analysis and credible insights. Elon Musk’s X Battles Major Brands in Antitrust Lawsuit The ongoing conflict between Elon Musk’s social media platform, X, and…
Wallet that received $2 billion from Mt. Gox initiated a test transaction on Tuesday. Arkham analysts said the wallet likely belongs to crypto custody platform BitGo. Users on Reddit are making unverified claims about receiving BTC and BCH balances on BitGo. A crypto wallet that recently received $2 billion of bitcoin (BTC) from defunct exchange Mt. Gox’s trustee initiated a test transaction on Tuesday, perhaps to prepare distributing funds to creditors, blockchain analytics firm Arkham Intelligence noted. Arkham analysts said the wallet that initiated the transfer likely belongs to crypto custody platform BitGo, one of the five exchanges that distribute…
The plunge in Bitcoin’s price, combined with a substantial increase in mining difficulty, has Bitcoin miners sweating as they fight to keep their heads above water—with the network’s guardians shifting huge amounts of coins. Figures from blockchain data firm CryptoQuant shows that earlier this month, BTC outflows from miners peaked at 19,000 Bitcoins per day—the highest amount since March. One reason for the rush in sales is that it is harder to mint coins profitably following April’s halving event. And with mining difficulty also up, mining operations need to work even harder. But with Bitcoin’s price dropping below $50,000—as it…
Optimism, which has been successful in building out an ecosystem of affiliated blockchain networks, is now looking to more tightly connect them all. “The Superchain needs to feel like one chain,” the Optimism team wrote in a blog post shared with CoinDesk. Optimism, a layer-2 blockchain ecosystem atop Ethereum that has been successful in attracting new projects to use its technology – notably including Coinbase’s Base – is now looking to more intimately connect the affiliated networks. The ecosystem, built with the aim of allowing users to transact for cheaper on top of Ethereum, laid out its roadmap on Monday…