Author: NBTC

Shiba Inu’s lead developer, Shytoshi Kusama, has announced the launch of the WHY Combinator, a decentralized program aimed at fostering growth and innovation within the meme coin ecosystem. This initiative seeks to empower projects while enhancing the utility of the ecosystem’s BONE token. Shiba Inu Unveils WHY Combinator to Boost Meme Coin Ecosystem In a January 11 blog update, Kusama outlined the initiative’s goals and provided an overview of recent developments in the Shiba Inu ecosystem. He revealed the creation of over 30 technological tools, collectively known as the 36 Chambers of Tech, which focus on areas such as artificial…

Alexey Pertsev, the Tornado Cash developer convicted of money laundering in 2024, has been released from prison under electronic monitoring as he continues his legal battle. The 31-year-old Russian national, sentenced to 64 months in a Dutch prison last May, announced his release in a February 6 post on X, stating, “Dear Friends, on Friday 7 February at 10 am I will be free! It is not real freedom, but it is better than prison.” His release follows multiple denied bail requests and ongoing debates over the legal treatment of privacy-focused crypto developers. A Dutch court suspended his pretrial detention,…

Cryptocurrency analytics firm Alphractal has released a statement explaining its decision to avoid buying Bitcoin even when the market is experiencing a downturn. The company outlined three key reasons for its cautious approach, stating that it was important to wait for clearer market signals before making significant investments. “ETF Inflows Do Not Drive Long-Term Growth” Alphractal noted that the much-anticipated impact of Bitcoin Exchange Traded Funds (ETFs) has been exaggerated in the short term. Citing historical data, the company noted that more than 1 million BTC were accumulated in a consolidation phase in 2022, but this did not translate into…

As a result of a sheer upsurge in the NFT sector, several projects have seen massive increases in trading volume. As per the data from Phoenix Group, $PENGU, $ANIME, and $GALA are prominent among the NFT tokens based on trading volume this week. The crypto analytics firm disclosed the list of the top NFT tokens on its official social media account. TOP #NFT TOKENS BY WEEKLY TRADING VOLUME$PENGU $ANIME $GALA $SOLV $APE $SAND $ME $GMT $CHZ $MANA $SUPER $MOCA $AGLD $BLUR $ACE pic.twitter.com/oD2uWO4n0U — PHOENIX – Crypto News & Analytics (@pnxgrp) February 9, 2025 $PENGU’s Weekly Trading Volume Touches Staggering…

Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, is poised for a massive price decline as it has formed a bearish price action pattern on its daily timeframe. However, investors and long-term holders seem to be taking advantage of this market outlook and are continuously accumulating tokens, as reported by the on-chain analytics firm Coinglass. $321 Million Worth of ETH Outflow Data from spot inflow/outflow revealed that during Ethereum’s ongoing price decline, exchanges have witnessed an outflow of over $321 million worth of Ether tokens, suggesting potential accumulation. Such outflows in a bearish outlook hint at an ideal buying…

Blockstream, the crypto company co-founded by legendary bitcoin (BTC) developer Adam Back, is expanding its global presence with the opening of a new office in Tokyo, the company said in a press release on Wednesday. The company will be partnering in the region with Diamond Hands, Japan’s leading Bitcoin strategic consultancy, and investment firm Fulgur Ventures. Blockstream plans to drive adoption of Bitcoin Layer-2 and self custody technologies in Japan, the company said, as well as the tokenization of real world assets (RWA). Japanese corporates have shown increased interest in the world’s largest cryptocurrency. Metaplanet (3350), the hotel investor, recently…

$HINT’s $11M market cap positions it as an undervalued gem in the AI space, ready for explosive multi-chain growth.” A bullish breakout has $HINT targeting $0.0313, driven by robust buying pressure and strong Fibonacci support levels.” Upcoming AI Agent integration and multi-chain expansion fuel optimism for $HINT, boosting its appeal as the Chainlink of AI. $HINT the infrastructure token for AI Agents on Base shows signs of another breakout. Traders are closely monitoring its technical indicators, highlighting its massive potential for growth. Notably, $HINT boasts a market cap of just $11 million, making it an undervalued contender compared to industry…

The Economic and Financial Crimes Commission (EFCC), a law enforcement agency in Nigeria, busted a major crypto crime ring with hundreds of potential criminals. Among them, 53 individuals have been officially charged. The police were only able to recover around $200,000 in assets, but they’ve identified nearly $3 million in various other deposits. Given the global spread of the crime, It’s uncertain how much money this operation made in total or where these assets have been laundered. EFCC Busts Crypto Criminals According to reports, these scammers ran several different operations, but they all fell under the broad umbrella of crypto…

After rallying over 50% since early November, bitcoin (BTC), the leading cryptocurrency by market value, looks to be carving out a pattern. If completed, this could see prices revisit the mid-$70Ks. BTC’s price action since late November has evolved into what technical analysts call a “head and shoulders” (H&S) pattern, which foreshadows a bullish-to-bearish trend change. The first failed attempt to scale the $100,000 mark in November marked the first shoulder. That was followed by the head, marking a swift retreat to $92,000 from the record high of over $108,000 in the second half of December. Meanwhile, the 5% drop…

Ethereum’s Pectra upgrade is set to go live on the Holesky and Sepolia testnets in February and March, according to the latest announcement from core developers. On Feb. 6, Ethereum (ETH) core developers confirmed that the Pectra upgrade will launch on the Ethereum test networks Holesky on February 24, 2025, and Sepolia on March 5, 2025. If all goes well, the highly anticipated network update will go live on the mainnet in April. Earlier timelines had the mainnet in March Tim Beiko, an Ethereum core developer and Ethereum Foundation support lead, shared the timeline details on X. According to him,…