Author: NBTC
Bluesky, the social media platform that has seen surging growth following Elon Musk’s takeover of Twitter, raised $15 million in a funding round led by a crypto-focused venture capital firm, the company announced Thursday. But that doesn’t mean the social media network plans to embrace digital assets. The Series A funding round was led by Blockchain Capital, a venture firm that has invested in OpenSea, Kraken, and Coinbase. Several other crypto-related venture firms—including SevenX, True Ventures and Alumni Ventures—participated in the funding round, as well. Nonetheless, the social media startup vowed that it would not “hyperfinancialize” the Bluesky “social experience”…
A crucial metric reveals that Solana (SOL) is asserting itself in the world of altcoins. Within the past 12 months, SOL has registered an astronomical growth rate as it takes on Ethereum (ETH), the second-largest cryptocurrency. What’s driving Solana’s accelerated growth? In a post on X, Kate Young-Ju, an altcoin data analyst, shared a significant chart that supports this trend. A careful observation of the SOL-ETH market capitalization ratio shows it has steadily climbed since about October 2023. Within the period under review, Solana has more than tripled its growth rate compared to Ethereum. Young-Ju’s chart suggests that Ethereum is…
Promoting Omegapro, a pyramid scheme that raised over $3 billion from over 3 million customers, might make a group of European football stars face legal action. Hundreds of users affected would be preparing to sue these individuals, alleging that they trusted the company, which offered yields of over 300%, due to the endorsements of these players. Ronaldinho, Vinicius, and Others Football Starts to Be Sued for Promoting Billionaire Pyramid Scheme Omegapro A group of football stars are about to face legal actions from users scammed in a billionaire pyramid scheme operation. According to Spanish sources, promoting Omegapro, a pyramid scheme…
River has introduced a new product that provides users with interest on cash deposits, which can be paid in USD or BTC. The “Bitcoin Interest on Cash” feature pays a variable rate of interest, which currently stands at 3.8% as of Oct. 22. River’s aim is to give bitcoin users the best of both worlds between maintaining a cash buffer of savings to meet expenses as they arise, while also earning BTC. Bitcoin financial services company River Financial has introduced a new product that provides users with interest on cash deposits, which can be paid in BTC or USD. The…
The Bitcoin market could be poised for a rebound as a notable market analyst predicts an impending surge to a new all-time high. Bitcoin’s recent downtrend may be short-lived, as analyst Mikybull has indicated an underlying market surge. According to him, Bitcoin may rally to a new all-time high above the $80,000 mark, placing bulls in full command of the market. The largest crypto asset has seen a notable 3% rally in the past 24 hours and a 7.5% recovery from the $52,859 low seen on September 6. However, Mikybull Crypto has tipped it to continue this uptrend, citing a…
Bitcoin (BTC) mining firm TeraWulf Inc. WULF stocks fell over 7% to $5.84 following the firm’s announcement of a $425 million offering of 2.75% convertible senior notes due in 2030. VanEck head of digital assets research Matthew Sigel highlighted that WULF was the worst-performing share in VanEck Digital Transformation ETF (DAPP) on Oct. 24. Sigel stated: “Instead of Announcing an AI/HPC Customer, Which Investors Are Eagerly Awaiting, They Announced a Dilutive Convertible.” The current decline in Terawulf’s share price is also a healthy retracement following a blistering 71% climb this month between Oct. 9 and Oct. 22. Ernst & Young…
TRON (TRX) is ready to airdrop 888 TRX to every meme crypto team behind launches on SunPump. The incentive kicks off amid a 37x decline in the platform’s activity. TRON meme coin launchers to get TRX airdrop Today, Sept. 23, 2024, SunPump “888 TRX” Meme Creator Incentive Campaign launches for crypto addresses that created meme cryptos on the platform in recent weeks. 📢 Announcement on the Launch of the “888 TRX” Meme Creator Incentive CampaignTo incentivize meme creators on #SunPump, the “888 TRX” incentive campaign has officially launched!Starting at 00:00 (SGT) on Sep 23, 2024, creators whose meme coins reach…
Marc Fagel, a former securities lawyer and former SEC official, provides insight into a recent filing submitted in the Ripple lawsuit. In a startling development, the United States Court of Appeals for the Second Circuit filed an “Acknowledgment and Notice of Appearance Default Notice” in the SEC v. Ripple docket. Popular XRP community figure Sherrie shared the filing on X yesterday. #XRPArmy #XRPCommunity Filed today: pic.twitter.com/IJwJhfdd9h — Sherrie 🌸 (@CherryEmpress21) October 22, 2024 Second Circuit Notice Triggers Speculation in XRP Community Per the filing, the Second Circuit emphasized that the appellee’s counsel failed to submit its notice of appearance on…
The recent Bitcoin (BTC) price rally above $56k has raised expectations of further crypto rebound in the coming days. Bitcoin’s daily Relative Strength Index (RSI) has been forming a bullish divergence amid the rising demand from whale investors. Furthermore, the US spot Bitcoin ETFs posted a net cash inflows of about $28 million on Monday, led by Fidelity’s FBTC. Additionally, on-chain data shows the overall supply of stablecoins on centralized exchanges increased by about $300 million in the past 24 hours. Short Squeeze Impact on Bitcoin Price According to market data provided by Santiment, the possibility of a Bitcoin short…
Hamster Kombat has finally allocated HMSTR to users a few days before the official airdrop. But token allocation details have left many players upset. Whether you’re one of the millions of avid players of the Telegram-based tap-to-earn game Hamster Kombat, or you’ve managed to ignore it entirely, the hype around the game since its launch this spring is very real. Most of the news around the game has been focused on shifting information around the much anticipated launch of the game’s native token, HMSTR, and its predicted price. Now, as the game ends its first season since launching in March,…