Author: NBTC

Scroll’s SCR token is down by 32% in just over 24 hours following its launch. Total value locked on the network has declined 24% in the past week as investors vent their frustration about token supply. The top 10 airdrop recipients received 11.7% of the total drop. After more than a year of hype and expectation, layer-2 network Scroll’s governance token launch is beginning to fall short of expectations after being plagued by token allocation issues. One day after debuting at $1.40, SCR is now trading 32% lower at $0.94 with its market cap shrinking to below $180 million. The…

While it was expected that cryptocurrency supporters would be appointed to critical positions after Donald Trump’s re-election, a radical step came from Coinbase, the largest cryptocurrency exchange in the United States. Coinbase CEO Brian Armstrong has announced that he will be severing ties with law firms that hire anti-cryptocurrency officials. Coinbase Exchange CEO X announced in a post on his account that Coinbase will no longer work with law firms that hire people involved in anti-crypto activities during their tenure and that they will cut ties. Armstrong cited Milbank, which hired former SEC enforcement director Gurbir Grewal, as an example.…

Binance accounted for the highest Goods and Service Tax evasion among registered cryptocurrency exchanges in India, according to the Indian Finance Ministry. Responding to a parliamentary question regarding tax compliance by cryptocurrency exchanges, Minister of State for Finance Pankaj Chaudhary revealed that the total GST evasion by these entities amounted to ₹824.14 crore ($96 million), with a Binance group company contributing the majority share. According to the ministry, 47 Virtual Digital Asset Service Providers have registered as reporting entities under the Financial Intelligence Unit, out of which 17 entities were investigated for GST evasion. Nest Services Limited, a Binance Group…

Major Wall Street Bitcoin miners reported varied production results for November 2024, as network difficulty increased by 7% during the month, impacting mining efficiency and output across the industry. Although last month the price of BTC reached record levels and nearly approached $100,000, competition, along with the time and costs required for cryptocurrency mining, also jumped visibly. CleanSpark (NASDAQ: CLSK) maintained its position as one of the industry leader’s in November, producing 622 BTC, while Riot Platforms (NASDAQ: RIOT) followed with 495 BTC. Bitfarms (NASDAQ: BITF) and Cipher Mining (NASDAQ: CIFR) reported similar outputs of 204 and 202 BTC respectively,…

At face value, the statement “Bitcoin can reduce racism” seems silly, if not downright offensive to those who have been the victims of racism. And it presupposes that an open-source protocol, which is completely indifferent to the whims of human emotions, can have any impact whatsoever on reducing racism, one of the most vile expressions of human emotions. I get that (as much as I can as a white dude), but follow me for a moment. While Bitcoin itself may not be able to reduce racism, what about the concept of being a “Bitcoiner”? Can identifying as a Bitcoiner reduce…

Zero1 Labs partners with NEAR Protocol to support decentralized AI builders and grassroots teams through hackathons and community initiatives. NEAR Protocol and Zero1 Labs collaborate to foster innovation in decentralized AI, empowering developers with scalable blockchain infrastructure and community support. Officially, Zero1 Labs has partnered with Layer 1 blockchain network NEAR Protocol, which is driving decentralized artificial intelligence (AI). For developers and innovators, this partnership signifies a turning point since they use NEAR’s scalable and safe infrastructure to mold a future defined by open, community-driven AI applications. Clearly, the goal of this partnership is to enable grassroots teams and builders…

President-elect Donald Trump has nominated Paul Atkins, a former SEC commissioner known for his support of crypto, to lead the US Securities and Exchange Commission (SEC), Unchained Crypto reported Tuesday, citing three sources familiar with the matter. Trump is waiting for Atkins to confirm whether or not he will accept the offer. If he chooses not to accept the nomination, it would be up to Trump to select another candidate for the role. If Atkins chooses to accept, the nomination will be subject to Senate confirmation. Paul Atkins, who served as SEC commissioner during the George W. Bush administration, has…

Binance to delist NOT/BNB and RDNT/BTC trading pairs due to low activity. Delisting scheduled for December 6, 2024, at 03:00 UTC as Trading will cease for these pairs. Only specific pairs are delisted, users can still trade NOT and RDNT tokens in other Binance markets. The world’s largest crypto exchange, Binance has announced the removal of two major NOT/BNB and RDNT/BTC spot trading pairs from its exchange. This decision comes after Binance’s regular review process, which evaluates factors like dropping liquidity and trading volume issues. If you’re currently holding positions in these pairs, here’s everything you need to know about.…

itcoin rallied to just shy of $68,000 on Oct. 15 as spot BTC exchange-traded funds attracted the most single-day capital inflows in over four months. Bitcoin (BTC) notched a two-month high with its leap above $67,000, marking its highest price point since late July. Data from crypto.news price pages confirmed that BTC surged to $67,800 before retracing below $66,000 at press time. The sudden price hike pushed crypto liquidations beyond $300 million in the last 24 hours. According to Coinglass, most of these positions were short-BTC or traders expecting much lower market prices. More than $145 million in short liquidations…

The Dogecoin community is buzzing with anticipation as the dog-themed cryptocurrency prepares to roll out a significant update to its decentralization project. In a new tweet, the Dogecoin Foundation, a not-for-profit organization established to provide support for the Dogecoin cryptocurrency, announced that Dogebox 0.3.0 will be going out later this week. Dogebox 0.3.0 going out later this week, includes:PuPs:- SPV Node support! (see below) Installation improvements:- Selecting install location (disk partition)- Selecting data location (for blockchain storage)General:- Misc bug fixes & enhancementsVery excited to see… https://t.co/ZAhrFktL8z — Dogecoin Foundation (@DogecoinFdn) October 23, 2024 Changes include SPV Node support, which is…