Author: NBTC
According to IntoTheBlock data, PEPE is experiencing a 109% increase in large transaction volume, which indicates whale activity. According to IntoTheBlock data, PEPE’s large transaction volume reached $71.19 million in the last 24 hours, a 109.81% increase from the previous day. IntoTheBlock classifies large transactions as those involving transfers of more than $100,000. Large Transaction Volume estimates the total amount traded by whales and institutional participants on a given day. Increases in large transaction volume frequently indicate considerable activity among institutional players, whether buying or selling. The day before saw major listings for PEPE. Yesterday, Upbit, South Korea’s largest cryptocurrency…
An Indian High Court has ruled that police cannot freeze entire bank accounts during fraud investigations. Only fraud-related amounts in bank accounts can be frozen. The decision followed a case where an account was frozen due to a cryptocurrency investigation. The court stressed that freezing accounts entirely disrupts livelihoods and called on investigative agencies to inform both account holders and the courts. Indian High Court Restricts Freezing of Entire Bank Accounts in Fraud Probes The Madras High Court of India has ruled that police cannot freeze entire bank accounts during financial fraud investigations; only the amount involved in the alleged…
Shibarium, Shiba Inu’s layer-2 network, has recorded a 1,538% increase in daily transactions, according to the most recent data. On Tuesday, Shibarium recorded 28,680 transactions. This represents a massive jump compared to the 1,740 transactions the network logged on Thursday. The Shibarium network, which was launched last August, has now processed more than 416 million transactions. Shibarium’s transaction growth has been rather stagnant since April. After the recent uptick, it remains to be seen whether the network will be able to break its multi-month streak of languishing. Last December, for comparison, Shibarium was experiencing abnormal activity, roughly more than seven…
In July 2024, the U.S. Supreme Court’s decision in Corner Post, Inc. v. Board of Governors of the Federal Reserve System expanded the ability of plaintiffs to sue federal agencies. The Court ruled that the statute of limitations to challenge an agency action starts when the plaintiff is harmed, not when the action occurs. Justice Amy Coney Barrett’s decision extended the timeframe for companies to file lawsuits against regulations, allowing challenges long after the rules are issued. However, Senate bill 4751, the Agency Stability Restoration Act of 2024, sponsored by Sen. Chris Coons (D-DE), aims to limit this by setting…
Bitcoin price declined further below the $55,000 support zone. BTC is down over 15% and might even slide toward the $50,000 zone. Bitcoin gained bearish momentum below the $56,500 and $55,000 support levels. The price is trading below $55,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $56,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start a decent recovery wave if it clears the $58,000 resistance zone. Bitcoin Price Nosedives Bitcoin price extended losses below the $56,500 support zone. BTC even traded…
Decentralized finance (DeFi) project Solana (SOL) has gained attention for its speed and scalability. However, recent analyses have revealed a critical issue affecting the platform: an alarmingly high rate of failed transactions. In particular, a detailed analysis by a Cardano (ADA) developer using the pseudonym Dave, shared in an X post on August 19, revealed that nearly 93.89% of all transactions executed via the Chainlink Data Store Program on Solana failed in the last 30 days. This equates to approximately 127.13 million failed transactions compared to only 8.28 million successful ones. What’s striking is the financial burden these failures impose…
The SEC’s strict crypto regulation allegedly led to a $15 billion loss for retail investors, according to pro-crypto attorney John Deaton. The SEC recently clarified that cryptocurrencies are not securities, marking a change from its previous regulatory stance. John Deaton, now a Senate candidate, vows to hold the SEC accountable for its regulatory actions, criticizing its gross overreach. The Securities and Exchange Commission has come under fire for its aggressive regulation of the cryptocurrency industry. John Deaton claims that the SEC’s regulatory approach has cost ordinary investors more than $15 billion. He called the SEC’s actions gross overreach and promised…
Bitcoin’s price troubles seem to have no ending as the asset kept plunging on Monday morning and fell to its lowest price position since late February of $53,000. This means that BTC has lost about $17,000 since last Monday, making it one of the worst weekly performances in its 15-year history. CryptoPotato has repeatedly reported since Friday BTC’s price drops that started with a nosedive from $66,000 to $62,200 as the US economy’s issues worsened following a weak jobs report for July. However, that was just the beginning, and the bears took complete control of the market over the weekend.…
The U.S. Securities and Exchange Commission filed a proposed amended complaint against Binance. The SEC mostly won against Binance’s motion to dismiss its initial lawsuit, but a few questions about certain tokens remained unanswered in the order on a motion to dismiss. The SEC also addressed two issues it lost – secondary BNB sales and Binance Simple Earn – in its proposed filing. The U.S. Securities and Exchange Commission (SEC) wants to take another whack at its lawsuit against crypto exchange Binance, filing a proposed amended complaint Thursday night a few months after the federal judge overseeing the case allowed…
Bitcoin and ether prices plummet amid a broader market selloff, with BTC falling to $53K and ETH erasing 2024 gains as panic grips global financial markets following the Bank of Japan’s interest rate hike. A severe crypto market correction has sent Bitcoin (BTC) and Ethereum (ETH) prices plummeting, with BTC falling to $53,000 and ETH turning negative for 2024 amidst widespread market panic. The selloff accelerated during Sunday evening US hours, pushing Bitcoin to levels not seen since February and Ethereum back to December prices. Bitcoin has dropped 12% in the past 24 hours and 20% week-over-week, while Ethereum has…