Author: NBTC

Nigerian authorities have fined two crypto firms $30,000 for conducting USDT to naira transactions without a license. According to local Nigerian media outlet Nairametrics, the Federal High Court in Abuja convicted two crypto companies, Egomsinachi Road Autos Limited and Chimera Log & Haulage Services Limited, for carrying out unlicensed Tether (USDT) to naira transactions. Justice Joyce AbdulMalik ordered the two firms to pay a fine of 50 million NGN, equivalent to $30,000, following a plea agreement facilitated by the Economic and Financial Crimes Commission The court also imposed an additional fine of 500,000 NGN ($897) on each company, payable to…

Bitcoin’s market dominance has now surpassed the 60% level for the first time since early April 2021, according to data provided by TradingView. Its market cap currently stands at $1.43 trillion. The cryptocurrency’s market share is up nearly 17% since the start of the year. It has surged by nearly 5% during this October alone, with Bitcoin leaving altcoins in the dust. The flagship cryptocurrency reached a multi-month high of $73,562 earlier today, coming extremely close to a new record peak. As reported by U.Today, the crypto king has already logged new all-time highs in several major currencies. Bitcoin maximalists…

Ethereum (ETH), the leading altcoin, has seen a significant surge over the past week, climbing 29% to a current three-month high of $3,184. This rally has fueled speculation that ETH could soon reach its year-to-date high of $4,095. As market sentiment improves and investor confidence builds, several factors may drive Ethereum to new highs in the coming weeks. Ethereum Holders Refrain From Selling Ethereum’s coin holding time has increased by 40% in the past seven days. This metric measures how long a coin stays in an address before being transferred or sold. A rising hold time indicates growing long-term confidence…

SOL reaches $200, signaling a bullish breakout. Analysts see potential for Solana to hit $1,400. Weakening resistance suggests a strong upward trend. Solana (SOL) has surged to $200, capturing the attention of traders and analysts. This upward move hints at a larger breakout, with some experts eyeing a potential target of $1,400. The current bull flag pattern in SOL’s chart could signal an extended rally. As resistance weakens and buyers take control, Solana’s next steps may shape the market significantly. Here’s what this might mean for investors. #Altcoins #SOL at $200 and Breaking Out! 💥 A MASSIVE Bull Flag is…

Richard Farley, a well-known Wall Street lawyer, has recently emerged as a possible candidate to head the U.S. Securities and Exchange Commission (SEC) as former President Donald Trump won the 2024 elections. Farley, currently a partner at the prominent New York-based law firm Kramer Levin Naftalis & Frankel, chairs the firm’s leveraged finance group. Moreover, he is also known for his work on high-profile financial transactions involving some of the largest banks and financial institutions in the world. Will Richard Farley Replace SEC Chair Gary Gensler? Sources reveal that Farley has joined the Trump transition team’s shortlist of potential successors…

November marks two years since the FTX exchange went bankrupt. Since then, major crypto exchanges have seen their Bitcoin reserves grow. FTX’s inability to maintain sufficient reserves to meet user requests exposed severe flaws in its controls. It also highlighted the need for greater transparency and reliable reserve reporting among all crypto exchanges. Observers have grown keenly aware of the risks that exchanges face when they lack sufficient reserves. If they cannot meet withdrawal requests, it undermines user confidence and puts them at risk of losing funds. Maintaining adequate reserves is critical for liquidity and order execution, especially during volatile…

Bitcoin (BTC) reached a record value locked as new protocols emerged using the coin as collateral. The rise in L2 and BTC lockups arrives at a time when the leading coin is just a small jump from a new all-time high. New Bitcoin-scaling protocols and re-staking vaults are boosting the total value locked in the form of BTC collaterals. In the past few months, projects have started drawing in more BTC in a bid to create a L2 ecosystem similar to Ethereum (ETH). BTC was also the public chain with the biggest one-day jump in value locked, a mix of…

Ethereum (ETH) has captured significant attention with an unprecedented rise in investment inflows and a bullish surge in its weekly volume. Amid a remarkable 1,652% spike in ETF inflows and transaction volumes hitting record highs, Ethereum is positioned for potential new yearly highs and an extended bullish trend. Investors and traders are closely watching Ethereum’s performance as it consolidates, with the growing relevance of ETH in decentralized finance (DeFi) strengthening its role as a leading crypto asset. Just like Bitcoin and Solana have been surging to new highs and nearing new ranks, Ethereum is getting ready for its major breakout…

While the $1,000 price target remains extremely ambitious for XRP, five bullish factors are capable of catalyzing a push toward this direction. XRP has not performed as anticipated since it collapsed from the $3.31 all-time high in January 2018. Despite its inability to reclaim even $1 over the past two years, some market commentators expect an eventual surge toward an audacious $1,000 price. In June, analyst BarriC presented a speculative scenario of the reactions that could fill the scene should XRP reach the $1,000 level. Also in June, another XRP community figure Amelie made a case for an XRP spike…

In a major move just before the holiday season, Axie Infinity has teased a brand-new feature that’s set to add a touch of the macabre to its beloved digital creatures, the Axies. Dubbed “Nightmare Parts,” this new release will introduce a range of collectible body parts that transform Axies into eerie, spine-chilling characters. The X (formerly Twitter) reveal came with a poetic warning: “The leeks below have been rated R for spookiness,” hinting that these Nightmare Parts will set the stage for a memorable holiday season in the Axie universe. Evolving Axie Body Parts Historically, Axie parts—such as eyes, mouths,…