Author: NBTC

Apu Apustaja (APU) has transitioned from being a meme currency to a serious contender, featuring new tweaks and significant community backing. Terra Luna Classic (LUNC) is standing tall after the collapse, making essential changes to regain its value and purpose. The counter GIGA seems still relatively new and,LUNC is associated with a fun-sounding name, but the company is all business and rapidly gaining both retail and institutional attention. Of all the tokens out there, there are three that have particularly piqued the interest of investors and researchers recently. Some of the projects on the radars to watch are Apu Apustaja…

David Carmona, founder of the Icomtech cryptocurrency Ponzi scheme, has been sentenced to over 10 years in prison for defrauding investors with false promises of profits. His scheme targeted working-class people with the lure of financial freedom through cryptocurrency trading and mining, none of which actually took place. Lavish expos were held to entice more victims, while new investors’ funds were used to pay earlier ones. Icomtech Ponzi Scheme Leader Sentenced to 10 Years in Prison The U.S. Attorney’s Office, Southern District of New York, announced on Friday that David Carmona, founder of the cryptocurrency Ponzi scheme Icomtech, has been…

Expanding Options for Digital Assets TL;DR:Fireblocks has integrated IOTA EVM, enabling institutional and enterprise users to securely store, transfer, and manage IOTA tokens and tokenized assets. Fireblocks’ support for IOTA EVM enhances the ecosystem by offering enterprise-grade infrastructure for treasury management and many other services ranging from DeFi to GameFi. Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on blockchain, has integrated IOTA EVM. Institutional and enterprise users as well as builders can now utilize Fireblocks to store and transact IOTA tokens and assets on IOTA EVM via the Fireblocks console and API. Fireblocks and…

Bitcoin’s price recently broke out of a bullish pattern, signaling the potential for a rise to $80,000. However, despite this positive technical setup, the biggest obstacle preventing the leading cryptocurrency from achieving a new all-time high is the behavior of its own holders. BTC holders have been actively selling off their assets, creating a roadblock for Bitcoin’s upward trajectory. Bitcoin Investors Are Greed In recent days, investors have begun selling their Bitcoin holdings, as reflected in the rising realized profit/loss ratio. This metric, which measures the profitability of coins moved on-chain, has been increasing for the last ten days after…

Ethereum’s recent attempt to break above the multi-month descending channel’s middle threshold of $2.6K has turned out to be a false breakout, leading to a notable rejection and sharp decline. This pattern suggests a potential mid-term continuation of the downtrend toward the $2.1K support level. By Shayan The Daily Chart Ethereum’s price action on the daily chart has highlighted a bull trap. Much like in late August, when ETH broke above the descending channel’s middle threshold only to be swiftly rejected, a similar pattern has unfolded recently. After the price briefly surpassed the $2.6K resistance, it failed to maintain momentum…

With digital assets getting more support from both sides of the red-blue divide, Coinbase’s conversations with traditional financial institutions have been picking up steam, said Shan Aggarwal, the exchange’s vice president of corporate and business development. In an interview with Decrypt at Messari Mainnet, Aggarwal said that Coinbase’s talks with big financial firms have “taken a turn” in the past six to nine months, particularly as the cryptocurrency issue in the U.S. has become increasingly bipartisan. He said conversations could eventually bring more traditional financial players into Web3, fueling mass adoption of digital assets. “A lot of traditional financial firms…

Bitcoin hits a 25-day high; trading volume surges 86%, signaling “Uptober.” Whales profit, selling 30,000 BTC amid short position liquidations. Bitcoin, the world’s largest cryptocurrency, has once again sparked excitement within the market by reaching a 25-day high of $64,745 just hours ago. Over the past 24 hours, Bitcoin’s trading volume has surged by 86%, rekindling optimism among traders. Many in the crypto community are already calling it a taste of “Uptober,” hopeful that Bitcoin’s performance will continue to improve in the coming weeks. Notably, the cryptocurrency struggled earlier in the month, but whales have profited amidst these fluctuations. Data…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In mid-August 2024, Ethereum (ETH) gas fees dipped to 0.6 gwei—a record low since 2019. While some see this as a concerning drop, it is symptomatic of broader, healthier shifts within the ecosystem. You might also like: Can Ethereum provide a settlement layer for financial markets? | Opinion Lower gas fees reflect decreased mainnet transaction volume, which has, in turn, led to reduced staking yields for validators. Simultaneously, the slow adoption of Ethereum exchange-traded funds in the…

21Shares has urged the European Securities and Markets Authority to create a “much-needed clarity” for retail and institutional crypto investors across Europe. Crypto investment firm 21Shares is pressing the European Securities and Markets Authority to establish clearer guidelines for including crypto assets in Undertakings for Collective Investment in Transferable Securities funds, addressing regulatory inconsistencies across Europe. In a Monday press release, on Oct. 7, the Zurich-headquartered firm said that the move aims to address regulatory inconsistencies across Europe, which currently lead to confusion for both retail and institutional investors. While some European countries, such as Germany and Malta, permit UCITS…

Rockdale, a small town in Texas, went through an economic disaster in 2008. The Alcoa aluminum plant, once the largest employer in town, shut down due to rising energy costs and new regulations. The plant, which opened in 1952, had been the backbone of Rockdale’s economy for decades, providing jobs and tax revenue. When it closed, hundreds of jobs vanished, and families were forced to leave. The town’s tax base crumbled, hitting public services like schools and parks. It seemed like Rockdale had hit rock bottom. Bitcoin’s role in Rockdale’s recovery Rockdale’s fortunes changed when Bitcoin came into the picture.…