Author: NBTC

NEAR saw slight gains following the launch of Nightshade 2.0 on its mainnet. IMX has risen 10% in the past 24 hours, stretching its weekly gains to 17%. AVAX rallied 5% following fund launches from Franklin Templeton and Grayscale. Avalanche (AVAX), ImmutableX (IMX) and Near Protocol (NEAR) tokens rallied on Thursday as all three networks appeared to have experienced positive investor sentiments. AVAX and IMX are currently up 4.2% and 10%, while NEAR slightly declined after rallying 4%. Key updates in altcoins lead to rallies despite overarching pressure Near Protocol (NEAR) saw slight gains today, rising over 4% before experiencing…

Commodity Futures Trading Commission (CFTC) has formed partnerships with several organizations to raise awareness about cryptocurrency relationship investment scams dubbed “pig butchering.” The regulator’s Office of Customer Outreach and Education (OCEO) is spearheading this initiative to educate and protect consumers from falling victim to these complex fraud schemes. According to the official statement, the CFTC is teaming up with various organizations, including the American Bankers Association Foundation, federal agencies, and private regulators. The collaboration focuses on distributing a comprehensive infographic that outlines the “pig butchering” scam. This visual guide details the various stages of the scam, from initial contact to…

Interview Joseph “Coop” Cooper, CEO & Founder of Earn Alliance, the largest web3 game aggregator and discovery platform leading the future frontier of gaming. Coop has been coding since he was 9yrs old and this is his 5th startup, with 2 exits: one company to Jack Dorsey’s CashApp and another to PokerStars. Earn Alliance has developed a new ecosystem of “engagement as a service” which rewards gamers for their time and input, while offering developers a platform to test new projects. The innovative company is shaping the mass adoption of web3 gaming through problem solving retention challenges and incorporating innovative…

Spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded over $5 billion in daily trading volume in the US on Aug. 5. This is the first time spot Bitcoin ETFs in the US have registered over $5 billion since mid-April. According to DefiLlama, BlackRock’s IBIT was responsible for nearly $3 billion in trading volume and managed to managed to increase its assets under management by $172 million. Fidelity’s FBTC moved over $858 million, registering the second most significant trading volume in the US. Despite an outflow of nearly $148 million, Grayscale’s GBTC trading volume surpassed $693 million, making it the ETF with…

Trader earns $3 million profit in 5 hours by sniping CAT token at launch. Sniping involves buying tokens early, capturing the best price before others. 318.87 billion CAT tokens bought for $1.46 million, sold for $4.45 million. The revival of crypto markets and the launch of numerous new cryptocurrency projects have provided daring investors with many chances to make millions in just a few hours, sometimes from just a few hundred or thousand dollars. This kind of achievement was recently highlighted by the blockchain analytics platform Lookonchain, which tracked a trade where a savvy trader made $3 million in profit…

Lawmakers have launched a joint investigation into the Securities and Exchange Commission (SEC), raising concerns that the agency may have engaged in politically motivated hiring practices, according to a Sept. 11 letter addressed to SEC Chairman Gary Gensler. The joint letter, signed by Judiciary Committee Chairman Jim Jordan (R-Ohio), Financial Services Committee Chairman Patrick McHenry (R-N.C.), and Oversight and Accountability Committee Chairman James Comer (R-Ky.), outlined specific concerns over political hiring within the SEC. The probe seeks to determine whether the SEC violated federal law by considering political affiliations in its hiring of senior employees, potentially compromising the agency’s impartiality.…

Telegram tap-to-earn game Rocky Rabbit has just over a week left before its RabBitcoin (RBTC) token launches on The Open Network, and one of the key stops on the roadmap to the airdrop was just added to the game: the Battle mode. Rocky Rabbit is a game built around imagery of beefy bunnies pumping iron and entering tournaments. But much like fellow Telegram game Hamster Kombat isn’t actually about fighting—it’s a crypto exchange simulator starring rodents—this “Battle” mode doesn’t actually feature any physical conflict at all. Despite the colosseum-like artwork, Rocky Rabbit’s battle mode is a game of chance: You…

In what was a very turbulent day for global markets, cryptocurrencies were among the hardest-hit assets, with Bitcoin falling 15%, its worst day since June 2022. This steep decline has reignited debate over Bitcoin’s reputation as a ‘safe haven’ asset and a hedge against market uncertainty. Bitcoin’s sharp decline followed a weekend of intensified selling across broad markets. The Dow Jones Industrial Average fell as much as 1,000 points on Monday, adding to Friday’s 611-point decline. Meanwhile, the tech-heavy Nasdaq Composite fell as much as 6% at one point. In this environment, Bitcoin dropped up to 17% of its value,…

On Thursday, Donald Trump introduced “The DeFiant Ones,” a decentralized finance (DeFi) initiative on his social media platform, Truth Social. Trump’s sons, Donald Jr. and Eric Trump, are spearheading the project. So far, the Trump family has not revealed much details about the new DeFi project. MAGA Meme Coin Surges However, Trump claims that the new project aims to challenge traditional financial institutions and empower the average American. “For too long, the average American has been squeezed by the big banks and financial elites. It’s time we take a stand—together,” Trump stated He also included a link directing followers to…

Hong Kong is considering new regulations involving the SFC and C&ED for OTC virtual asset trading services. The city has introduced strict penalties for unlicensed crypto exchanges. According to an exclusive report from the South China Morning Post (SCMP), Hong Kong is considering involving the Securities and Futures Commission (SFC) and the Customs and Excise Department (C&ED) in regulating over-the-counter (OTC) virtual asset trading services. This initiative comes as the city grapples with the challenges of managing the crypto industry. Following this, in February, Hong Kong authorities proposed a stringent scheme to address the issue of unlicensed crypto asset exchange…