Author: NBTC
In a wild ride of high-stakes gambling and cryptocurrency, rap icon Drake has found himself on the wrong side of a seven-figure Bitcoin betting spree. The Canadian superstar, known for his love of sports betting, has now lost over $1 million in Bitcoin (BTC) after two ill-fated wagers on the NBA Finals and Stanley Cup Finals. Earlier this month, Decrypt reported that Drake had lost a cool half a million in Bitcoin on the Dallas Mavericks to take the NBA title. The Mavs were ultimately defeated by the Boston Celtics in a five-game series that left Drake’s digital wallet a…
On Monday, investors poured millions of dollars into U.S. spot Ethereum exchange-traded funds, even as a volatile global market wobbled on widespread sell-offs and recession fears. The Dow Jones Industrial Average tumbled by 2.6%, the S&P 500 by 3%, and the Nasdaq Composite by 3.43, marking the indices’ worst day since September 2022. Those declines were driven primarily by disappointing U.S. jobs data and shrinking manufacturing activity, which heightened recession fears. Japan’s Nikkei 225 index also plummeted by over 12%, its largest single-day drop since 1987 following the Bank of Japan’s unexpected decision to raise interest rates last month. Despite…
The price of $PENDLE saw a rebound of about 15% today. After this price rebound, a notable withdrawal of token occurred involving a large investor. A few hours ago, this whale withdrew 851,298 $PENDLE tokens from Binance. The worth of these tokens is approximately $3.73 million. Pendle belongs to the real-world assets (RWA) category. The $PENDLE price rebounded by ~15% today!30 minutes ago, a whale withdrew 851,298 $PENDLE ($3.73M) from #Binance again after 6 months of inactivity with the token.Currently, this whale holds 1.703M $PENDLE ($7.51M) and has an unrealized profit of $2.76M (+58.2%)!Follow… pic.twitter.com/0M0uxyC9Zw — Spot On Chain (@spotonchain)…
Congressman Ro Khanna is set to host a key meeting in Washington on Monday, aiming to bridge gaps between crypto industry leaders and the Democratic establishment, including Vice President Kamala Harris’ campaign team, FOX Business journalist Eleanor Terrett recently reported. “Congressman Ro Khanna is hosting another meeting in Washington on Monday for crypto industry leaders, Democratic politicians, and reps from the Kamala Harris campaign. Move represents renewed push from pro-crypto Dems to establish a fresh start with the industry,” said Terrett in a post on X. National Economic Council chief Lael Brainard and former Biden aide Anita Dunn, now advising…
Key Takeaways: Crypto staking is a way for investors to earn additional income on your crypto: like earning interest in a savings account or money market fund. Staking has seen substantial growth, with over $700 billion staked by investors as of this writing. Like choosing a bank or brokerage firm for traditional investments, selecting a reliable and trusted crypto staking platform is vital. Staking rewards (and risks) vary significantly across different platforms and crypto assets. We love staking, because it’s an easy way to make your crypto investments work for you. Like earning interest in a traditional savings account, staking…
The ongoing sell-off in the crypto ecosystem might be taking a breather as the price of Bitcoin (BTC) has finally formed support at the $61,100 mark. At the time of writing, the combined crypto market cap is down 0.55% to $2.56 trillion, and Bitcoin has pared off its losses. It is down by 1.83% to $61,113.37, according to data from CoinMarketCap. Unusual trading volume impact Over the trailing seven-day period, the price of Bitcoin has slipped by more than 7% in what marks one of its worst weekly performances this month. However, on-chain data pegs the trading volume at $42…
After experiencing the worst crash in 2024 during the past 48 hours, the crypto market – led by Bitcoin (BTC) and Ethereum (ETH) rebounded significantly today. According to the latest crypto data, the total crypto market cap rallied around 5 percent to regain above $2 trillion on Tuesday during the early Asian session. Ethereum price rebounded from a crucial support level of around $2,171 and rallied more than 10 percent to reach a daily high of about $2,547. Following the heightened crypto volatility, approximately $633 million had been liquidated from the industry in the past 24 hours. Ethereum Whales Seizes…
Ripple’s past collaboration with Tranglo has sparked heated debate about XRP’s role in cross-border transactions. However, in a shocking move, Ripple has reportedly sold its 40% stake in Tranglo, a Malaysian payments company that used XRP to streamline cross-border transactions. This news, first reported by Crypto Eri on X, caused widespread controversy in the XRP community. Crypto Eri has noticed that the Ripple investment portfolio on Crunchbase now shows exits from both Bitstamp and Tranglo. While Ripple’s exit from Bitstamp is related to Robinhood’s acquisition of the exchange, the reason for Tranglo’s exit remains unclear. Tranglo has been a key…
A deluge of crypto-industry money may have helped achieve a very narrow Arizona congressional primary win this week for Yassamin Ansari, a crypto-cheering Phoenix City Council member who faced a candidate backed by Sen. Elizabeth Warren (D-Mass.) But the race between Democrats Ansari and Raquel Terán, who’d been endorsed by leading crypto critic Warren, has come down to a 67-vote gap almost a week after that state’s elections, and Ansari’s lead has narrowed each time a new batch was tallied. Wider Maricopa County, which includes the 3rd district, still has an estimated 2,089 ballots to count, according to the secretary…
As it is known, at the beginning of July in Turkey, the “Law on Amendments to the Capital Market Law” No. 518, publicly known as the “cryptocurrency law”, came into force by being published in the Official Gazette on 02.07.2024. Within the scope of this law, cryptocurrency service providers operating or will operate in Turkey were placed under the regulatory and supervision authority of the Capital Markets Board (CMB). While the transition period and the period granted to cryptocurrency exchanges ended on August 2, the CMB published the temporary list of institutions that declared that they would liquidate their activities…