Author: NBTC
Nearly three years after Vitalik Buterin mocked his Stock-to-Flow model, anonymous analyst PlanB hit back, calling Ethereum a “centralized premined shitcoin.” PlanB, the anonymous analyst behind Bitcoin’s (BTC) Stock-to-Flow model, took aim at Ethereum (ETH) in a post on X, saying the project is looking worse than ever and arguing that centralized, premined coins like ETH— with proof-of-stake instead of proof-of-work and a flexible supply schedule — are harmful to the space and deserve to be mocked. Ethereum is really not looking good nowI know it’s impolite to gloat and all that, but I think shitcoins like ETH, that are…
Kyrgyzstan President Sadyr Japarov took his country a step closer to issuing its own central bank digital currency Thursday, signing legislation that gives the “digital som” legal status. The central Asian country is still deciding whether or not to issue a CBDC, but Thursday’s amendments to the Constitutional Law of the Kyrgyz Republic ensures that the digital som will be treated as legal tender if the central bank goes ahead with issuing a CBDC. “The purpose of the Constitutional Law is to launch a pilot project of a prototype of a national digital currency, the ‘digital som,’ as well as…
Bittensor’s (TAO) subnet ecosystem continues to capture attention with its impressive performance amidst broader market volatility. The market cap has shown substantial growth. Additionally, the total number of subnets has increased threefold over the past year. At present, there are 95 subnets on the network. Interestingly, the top three subnet tokens—Chutes (SN 64), Gradients (SN 56), and Targon (SN 4)—have posted strong monthly gains. While the momentum has slowed recently, the tokens’ fundamentals and community support remain important factors for consideration. Chutes Chutes is a serverless AI compute subnet on Bittensor. The platform offers tools for deploying AI models directly…
Crypto investment firm Unicoin is gearing up for a courtroom clash with Wall Street’s top cop, as the Securities and Exchange Commission has signaled plans to press ahead with its pursuit of the Miami-based company, Decrypt has learned. According to co-founder Alex Konanykhin, the SEC’s Division of Enforcement gave Unicoin until April 18 to enter into settlement talks over allegations that the company knowingly violated both registration and antifraud provisions of federal securities law. That deadline has now passed, and Konanykhin says he has no intention of settling, vowing instead to fight the claims in court. “I fully intend to…
SoonChain, a leading L2 blockchain integrating gaming with AI technology for scalable and seamless solutions, has announced an exclusive collaboration with Klink Finance, a well-known cryptocurrency wealth generation firm. The partnership focuses on revolutionizing the Web3 sector with the integration of AI-led gaming with cutting-edge investment tools. The platform revealed this initiative in a recent X post. 🚨 Strategic Partnership Announcement 🚨We’re excited to unveil a strategic partnership between @soonchain_ai and @klinkfinance AI-powered Web3 gaming with the world’s #1 crypto wealth creation platform! 🤝🟦 Klink Finance and SoonChain are merging Web3 gaming with crypto… pic.twitter.com/vkg2jfXsoD — SoonChain 🟦 Testnet🔛 (@soonchain_ai)…
Steve Eisman says he’s taking a wait-and-see approach to the stock market right now. In a new interview with CNBC, the famous investor notes he’s dialed down the risk in his personal portfolio. “I’m waiting. I think we’re going to have volatility for quite a while. The Trump Administration has set up a situation where they’re going to be negotiating with multiple countries on multiple issues. It’s not going to take a couple of weeks, it’s going to take a few months, so I think, for the time being, volatility’s going to be here for a while.” Eisman, who’s known…
CryptoKitties creator Dapper Labs is set to launch six “Meowcoins” on Flow on Wednesday, with a seventh coin coming in a week’s time—and they’ll all feed into each other through a new gameplay loop for the firm’s Telegram game. To kick-start the new era, players of the two previous seasons of Telegram game CryptoKitties: All The Zen will receive an airdrop of some of these tokens on Wednesday. Releasing seven tokens, rather than one, is unusual in the world of Telegram gaming. But even single gaming tokens haven’t fared well of late. After attracting 300 million players last year, Hamster…
Coinbase has obtained internal documents from the U.S. Securities and Exchange Commission concerning the agency’s investigation into Ethereum 2.0, following a Freedom of Information Act lawsuit. Paul Grewal, Coinbase’s Chief Legal Officer, announced on X that the SEC disclosed a list of withheld documents. These documents include a May 2022 internal analysis of ETH 2.0 under the Howey test, a February 2023 email questioning Ethereum’s (ETH) classification as a security, and an April 2023 memorandum prepared for commissioners before authorizing the ETH 2.0 investigation. Also listed is the case closing narrative for the investigation. The SEC initially denied Coinbase’s FOIA…
During a recent conversation on “The Journeyman” podcast with financial expert Raoul Pal, Digital Currency Group founder Barry Silbert stated that 99.99% of cryptocurrency tokens are worthless. “Over the last…13 years since I first bought Bitcoin…I’ve always been intellectually curious about everything else that’s coming out of our space. I think, for the most part, 99.9% of crypto tokens that are out there have no reason to exist and are worthless,” he said. Silbert has noted that his bar for getting excited about something is “really really high.” The “crypto king” remains bullish on privacy tokens of the likes of…
As part of the partnership between VeChain and Stella Pay, the first 5,000 users will be given 200 B3TR tokens to help with the cost of buying the card. The Stella Pay Visa card enables customers to use B3TR, VET, and VTHO to spend at over 130 million merchants worldwide in over 200 countries. On April 12, CNF reported the release of the Stella pay Visa Card for VeBetter DAO users. The visa card allows users to spend B3TR, the reward token granted to those who engage in sustainable actions and actively participate in the VeBetterDAO platform. Besides B3TR, the…