Author: NBTC
Crypto commentator and Easy Money author Jacob Silverman has convinced a US district judge to order Elon Musk to reveal the shareholders of X (formerly Twitter). The journalist intervened as a non-party in an unrelated California legal dispute involving Musk’s last-minute maneuvers in taking the platform private. Silverman explained his reasoning succinctly: “People should know who owns an important site for public discourse and whether its free-speech fundamentalist majority shareholder is doing business with censorious dictatorships.” According to the judge, Silverman prevailed in his request for public disclosure because he filed a timely request — “not enough delay to deny…
Are you looking forward to the X Empire airdrop? If so, then you’d better log into the Telegram tap-to-earn game, as the creators are about to purge the coins of inactive users. The viral, Elon Musk-themed Telegram crypto game, formerly known as Musk Empire, has a token coming around the end of September or early October. In an announcement Thursday, the project confirmed that it will soon start burning (or eliminating) the in-game tokens of users who haven’t played in a while. “On September 1, we’ll be conducting our first in-game currency burn for users who haven’t logged into the…
In its 22nd proof of reserve report, OKX, which offers legal services in more than 50 countries, including Turkey, listed the assets of users and the exchange. According to the report’s data, the exchange has more collateral than user assets. Down 1,478 BTC from the month before, OKX users’ Bitcoin holdings came out as 138,780 BTC. Comparatively, the trading platform claimed to have 145,484 Bitcoins on collateral, a drop of 642 BTC. Unlike Bitcoin, there was a rise in Ethereum assets. The July report claims that users’ ETH currencies grew by 41,820, or more than 1.61 million. Simultaneously, the exchange’s…
NFTs are securities — or so the SEC seems to be preparing to argue in court, with OpenSea the potential defendant. Putting aside the merits (or lack thereof) of a case against the firm, most NFT activity happens elsewhere these days. The chart below plots US-dollar denominated trading volumes for NFT marketplaces on EVM chains, shown by the colorful columns in the background. Crypto’s total market cap is otherwise reflected by the blue line. It includes NFT trades on Ethereum, Base, Blast as well as Solana and Bitcoin, over the past four years. The data points to over $62.75 billion…
Ethereum price is trading at $2,700 on Aug 23, falling behind the likes of XRP and AVAX in terms of monthly time frame performance, 3 technical indicators offer insights into why ETH price, having struggled to maintain upward momentum over the past month. Ethereum Price Falls Behind XRP, AVAX The global crypto markets continue to find buyers and attract institutional demand despite uncertainty in the global macroeconomic landscape. While the likes of Toncoin and Litecoin have been buoyed by news of Russia Legalizing crypto, Solana and XRP have been lifted by bullish news events from Brazil and US authorities. But…
IOTA’s Q2 2024 report highlights the IOTA 2.0 Testnet launches, including PoS consensus and Mana, for a greener and more efficient network. The IOTAGrants initiative allocated $2.74 million to 25 projects, enhancing the DeFi ecosystem and advancing global trade and regulatory collaborations. According to the Q2 2024 Progress Report dated July 2, 2024, significant strides were made in fostering business-to-business integration. The IOTA Foundation’s development during the past quarter included the launch of the IOTA EVM chain, advancements in decentralization with the IOTA 2.0 Testnet, and enhancements in developer resources and digital identity solutions. One of the most significant moves…
If things are feeling a little quiet — too quiet — then perhaps you’re just missing the Securities and Exchange Commission. Gensler’s agency has been gung ho about suing crypto startups, founders and other entities over the past few years. Ripple, Kraken, Coinbase, Binance, Justin Sun, Consensys and Block.one have all been on the receiving end, with some cases still ongoing. Among those suits have been plenty of unquestionable cases brought against legitimate fraudsters and Ponzi schemers. But the rate of SEC actions has slowed dramatically over the past eight months. The SEC compiles a list of crypto actions on…
A large Bitcoin transaction from Binance’s cold wallet has been detected, according to Onchain data, leading to speculation that adjustments were made by the exchange. Binance Bitcoin Cold Wallet Moves 75,177 BTC The wallet with 75,177 BTC in it transferred 30,000 BTC to Binance’s hot wallet and moved the remaining 45,177 BTC to a different address starting with “3PXB…GKoc”. Although no official statement has been made by Binance regarding the purpose of the transfers, the movement of such a large amount of Bitcoin has attracted attention in the crypto community. Typically, such transfers are associated with liquidity management, security updates,…
Jupiter Spot allows direct access to Pump.fun and Moonshot tokens. The spot market feature brings direct buying for new tokens. Jupiter DEX extended its services by offering spot buying for new and risky meme tokens on Solana. The Jupiter spot market has a new product to integrate Pump.fun and Moonshot, two of the most active meme token casinos. Traders can now buy directly into early liquidity tokens. The new tool arrived just days after Pump.fun achieved an all-time transaction peak in August. The token launch platform makes up to 30% of all Solana transactions each day, depending on specific activity…
Fidelity, a leading U.S. asset management firm with over $4.9 trillion in assets, has achieved a significant break in the spot Ethereum ETF market. Fidelity has stayed ahead of other approved issuers in the past two days, including BlackRock. Other asset managers struggle to keep pace According to data from Farside Investors, Fidelity’s Ethereum ETF (FETH) recorded inflows of $7.9 million and $14.3 million on Aug. 21 and 22, respectively. This marks a significant development, considering that asset manager BlackRock did not register any inflows on either day under consideration. Aside from Fidelity, the only other asset managers with net…