Author: NBTC

The U.S. Securities and Exchange Commission (SEC) settled charges with Mango DAO, Mango Labs LLC and Blockworks Foundation alleging that the MNGO token was an unregistered security and that the latter entities offered unregistered broker services. The entities will destroy their MNGO tokens and ask crypto exchanges to stop trading the tokens, as well as pay $700,000 total as part of the settlement, which is still subject to a court’s approval, the SEC announced Friday in a press release. The settlement comes just over a month after Mango DAO held an open vote on whether it should adopt the settlement…

Suze Orman, a well-known financial advisor, advocates for bitcoin exposure, despite contrasting views from other prominent investors like Dave Ramsey and Warren Buffett. She underscores the potential gains for those who can manage its volatility. “Everybody should absolutely have exposure to bitcoin,” she said. Suze Orman Encourages Bitcoin Investment With Caution Financial advisor Suze Orman has explained that she believes everyone should have exposure to bitcoin, despite the skepticism of other well-known investors. While figures like Dave Ramsey and Warren Buffett criticize the cryptocurrency, Orman highlighted its potential for those willing to handle its volatility and risk. During her recent…

The market sentiment towards Ethereum (ETH) has turned relatively bearish, largely due to the cryptocurrency’s recent price volatility. This negative sentiment is evident in Ethereum’s new active addresses, having crashed by a whopping 43%, underscoring reduced network activity and investor confidence. New Active Addresses On Ethereum Decline Data from The Block is showing notable fluctuations in Ethereum’s network activity, as the number of new active addresses has seen a sharp unexpected decline over the past three months. On June 27, new active addresses on the Ethereum network surged to 138,620 before dropping drastically to around 89,000 in the first few…

The meme coin market has recently witnessed significant attention in terms of social activity. PHOENIX, a well-known platform for news and analytics concerning cryptocurrency, has ranked DOGE, PEPE, SHIB, BOME, BONIK, FLOKI, BRETT, POP CAT, MEME, and PONKE as the prominent meme projects based on social activity this week. The analytics company took to its official social media account on X to provide the details of these projects. TOP #MEME PROJECTS BY SOCIAL ACTIVITY$DOGE $PEPE $SHIB $BOME $BONK $FLOKI $BRETT $POPCAT $MEME $PONKE pic.twitter.com/oqSAWT90n6 — PHOENIX – Crypto News & Analytics (@pnxgrp) August 11, 2024 DOGE Leads the Market of…

When former Alameda Research CEO Caroline Ellison reports to prison in just over a month, the atmosphere will be far different from the luxury apartments in the Bahamas that she and other lieutenants to FTX founder and former CEO Sam Bankman-Fried once called home. As she enters the Bureau of Prisons’ orbit, however, there are steps Ellison can take to better navigate “a black hole” that lacks consistency and compassion, according to Sam Mangel, a white-collar prison consultant, who said he’s advised the former FTX head. “Being a little fish in a big sea is super important,” he told Decrypt…

Michael Saylor, Bitcoin permabull and the co-founder of MicroStrategy juggernaut which stacks BTC, has published a tweet to highlight Bitcoin’s high performance which has massively surpassed that of leading assets in conventional financial markets. Over the past few days, digital gold has demonstrated an increase of more than 5%, reclaiming the $66,000 price mark. Bitcoin smashes gold and bonds by gains Bitcoin evangelist Saylor shared a diagram to demonstrate Bitcoin’s excellence in annual performance over other top assets. According to Saylor’s post, since August 2020 (the month and year, when MicroStrategy made its first Bitcoin purchase) Bitcoin has been showing…

Patient strategy pays off: Holding ETH for 7 years resulted in a 390x return on investment. Gradual exit strategy: The whale sold 15,879 ETH over several months, avoiding market disruption. Early adoption advantage: Entering the market at $7 per ETH allowed for massive profit potential. Ethereum has become more active recently as a whale which had not been active for months starts to move ETH. This ETH investor who bought Ethereum back in 2016 has decided to sell 12,979 ETH to book a $34.3 million profit. The whale has been an Ethereum user for more than 7 years and received…

Chainlink is positioning itself to lead the Real World Asset tokenization market. According to top analysts, the price of LINK may soar to $135 in the long run. Chainlink is in the spotlight with its important Real World Asset (RWA) tokenization pivot. In an industry projected to hit a $16 trillion target by 2030, Chainlink wants to create a first-mover advantage. As an Oracle service provider, Chainlink is developing more diverse product suits to meet critical challenges in tokenization. While many businesses want to enter tokenization, know-how is generally lacking. Chainlink hopes to bridge the gap by providing a tokenization…

The upcoming trial of Roman Storm, co-founder of Tornado Cash, has sent ripples through the cryptocurrency world. With the case scheduled for December, many in the crypto community are raising alarms about the potential consequences for privacy developers. The outcome of U.S. vs. Storm may not only define the future of decentralized finance (DeFi) regulations but also set new standards for privacy tool developers, who could be held accountable for how their technology is used. Judge Polk Failla rejects Storm’s dismissal motion Tornado Cash was designed to enhance privacy for Ethereum transactions, allowing users to obscure their financial activities. However,…

Cryptocurrency analyst Kevin Svenson believes Bitcoin (BTC) and altcoins will witness big upside bursts for the rest of the year. In a new video, Svenson tells his 79,800 YouTube subscribers that Bitcoin and altcoins are poised for more gains over the coming weeks and months. According to Svenson, the altcoin market cap appears to be repeating a pattern witnessed in the last cycle, when it took 157 weeks before igniting a massive breakout rally. “The altcoin market cap has been consolidating for the entire year. In the beginning of 2024, the altcoins had a huge run into March, gave up…