Author: NBTC

FTX Bankruptcy estate settled 27 small claims against political donation beneficiaries in November. In a filing before the US Bankruptcy Court for the District of Delaware, the exchange administrators noted that they recovered about $14.5 million from the settlements. Most of the settlement involved small amounts, sometimes as low as $2,900 from Jared Moskowitz for Congress or $7,500 from the Vermont Democratic Party. However, there were still some large recoveries, with the House Majority PAC and Senate Majority PAC returning $6 million and $3 million, respectively. The recoveries mark a major win for the FTX estate, which instituted the small…

Venezuelans have ramped up the use of Tether’s USDT, as it has become one of the largest sources of dollar liquidity in national markets. While the government has tried to contain the black market exchange rates by injecting dollars into the banking sector, it has enjoyed limited success, with Tether adoption ramping up as an alternative to physical dollars. Venezuelans Use Tether’s USDT as a Savings Tool as Dollar Exchange Rates Keep Going Up Stablecoins, especially Tether, have become a main actor in the dollar exchange markets in Latam countries. Venezuelans are harnessing Tether, which commands a market cap of…

Starting from December 13, 2024, Coinbase will apply limitations to stablecoins like USDT that do not meet the MiCA requirements for European users. The restrictions exclude USDC, confirmed as compliant with the regulation. Let’s see all the details in this article. Coinbase complies with MiCA regulations: USDC remains fully operational, problems for USDT The impact of MiCA regulations The strategy of Coinbase Coinbase complies with MiCA regulations: USDC remains fully operational, problems for USDT Coinbase, one of the leading cryptocurrency exchange platforms globally, has announced that starting from December 13, 2024, it will adopt new restrictions for certain stablecoins intended…

A Cardano member has submitted a proposal to have all ADA stake pool operators migrate from centralised solutions like Google Cloud and Amazon’s AWS. The member says these solutions could exert undue pressure on the decentralisation of the token and instead want the funds directed to the operators’ wallets. Cardano has been on a path to decentralisation, with recent upgrades paving the way for the original developers to hand over control to the people. However, it still relies on centralised solutions like Amazon Web Services (AWS) and Google Cloud. One Cardano member now wants these services pushed out to ensure…

Average crypto trading volume more than doubled across centralized exchanges like Binance, Kraken, and Coinbase in November. Following Donald Trump’s re-election, data revealed a significant surge in crypto spot and derivative trading volumes on several digital asset platforms. South Korea’s Upbit emerged as last month’s top performer, with a 386% increase in crypto spot trading volume. BitMart and Bitfinex also saw substantial growth, recording increases of 242% and 218%, respectively. Binance’s trading volume grew by 131%, reaching nearly $1 trillion in November, while Coinbase nearly tripled its spot trading numbers with a 189% spike in user activity. Website traffic further…

For the third week, bitcoin (BTC) remains locked in a price range between $90,000 and $100,000, punctuated only by Dec. 5’s short-lived rise into six figures.This indecisive price action might have left traders feeling uninspired, with two key reasons holding back the upside. First, the influx of liquidity into the crypto market through channels like spot exchange-traded funds (ETFs) has significantly slowed, taking the wind out of the bullish momentum. The weekly rate of change in the so-called market liquidity impulse index, which tracks stablecoin mints, inflows into BTC ETFs and changes in futures market parameters, has more than halved…

Kraken crypto exchange has officially opened trading for Solana-based meme coins FWOG and GOAT. Kraken, one of the largest U.S.-based crypto exchanges, has listed Solana native meme coin tokens FWOG (FWOG), GOAT (GOAT), and SPX (SPX) for spot trading, expanding its crypto array for users. The platform had previously added FWOG, GOAT, and SPX to its listing roadmap last week, intending to finalize trading support for the meme coins on Wednesday, Dec. 11. FWOG, GOAT, and SPX recorded gains on the day. However, a meme market-wide rise at press time was the likely cause, and price surges may be unrelated…

Crypto analyst Benjamin Cowen says there’s one indicator that could signal the end of the Bitcoin (BTC) bull market in the future. In a new strategy session, Cowen takes a look at the MVRV Z-score, which compares the market cap of BTC to the value of each coin the last time it was moved to gauge whether Bitcoin is undervalued, overvalued, or at fair value. Cowen notes that in the past, market cycle tops have occurred when the MVRV Z-Score hits a certain range. “Historically, market cycle tops for Bitcoin have corresponded to an MVRV Z-Score somewhere between seven to…

In a new partnership, decentralized GPU compute network, io.net has announced its collaboration with ParallelAI, a leader in parallel processing optimization for AI developers. This partnership will enable ParallelAI to integrate io.net’s decentralized GPU clusters into its platform, enhancing the computing capacity required for large-scale AI tasks. GPU Resources Expansion for AI Developers ParallelAI currently accesses GPU resources through 10 Cloud, utilizing A100 GPUs for complex tasks like large language model (LLM) training, inference, and distributed deep learning. Without traditional infrastructure constraints, ParallelAI can scale its services and better meet AI developers’ demands. This partnership is set to expand the…

CoinRank, a renowned blockchain and cryptocurrency intelligence source, is thrilled to unveil a new collaboration with Don’t FOMO, a gaming project embedded in the Matchain ecosystem. This partnership is expected to expand the concept of blockchain-generated games and provide gamers around the globe with distinct Web3 entertainment worlds. 🚀🎮 Excited to announce our strategic partnership with @TheRealDontFOMO! As an innovative gaming project in the Matchain ecosystem, Don’t FOMO brings unique blockchain gaming experiences to players. ⚡️ Let’s explore the limitless possibilities of Web3 gaming together! 🌟… pic.twitter.com/l3ZiP65LKj — CoinRank (@CoinRank_io) December 12, 2024 A Bold Step into GameFi It is…