Author: NBTC
Shytoshi Kusama, the enigmatic leader of the Shiba Inu ecosystem, is now in Kyoto, Japan, discussing major SHIB initiatives with the brightest minds. In his latest post on X, Kusama announced his arrival in Japan. According to him, visiting Japan is a dream come true. As a result, he expressed his gratitude for the opportunity, saying, “It is truly a humbling experience only possible with divine providence, of which I am grateful.” Discussing SHIB with Japan’s Brightest Minds Meanwhile, this visit goes beyond tourist activity. As the Shiba Inu lead developer, he is meeting with Japan’s brightest minds to discuss…
Out of an abundance of legal caution, many cryptocurrency projects exclude U.S. residents from token airdrops. U.S. crypto users – even insiders at similarly cautious projects – regularly find ways to claim tokens anyway. This “hypocritical” behavior may undermine the effort by some in the industry to avoid U.S. jurisdiction, lawyers said. The U.S. presents a paradox to some cryptocurrency startups. They can’t afford to ignore the tech-savvy American workforce. They also can’t let their brand-new crypto tokens run afoul of the world’s toughest financial regulatory regime. EigenLayer, one of Ethereum’s hottest projects, embraced a solution common in crypto: it…
Less than five months after hitting a $1 billion market cap, tokenized Treasury notes have doubled again, surpassing the $2 billion mark on Saturday, according to RWA.xyz. Tokenized Treasuries are digital representations of U.S. government bonds that can be traded as tokens on Ethereum, Stellar, Solana, Mantle, and more. While $2 billion is an impressive milestone for a newly launched fund, the potential is much greater given the massive size of the $27 trillion Treasury market. The largest of these, BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), has been a major factor in the rapid growth in market cap this…
A milestone has been reached in Bitcoin’s supply schedule – 94% of the total Bitcoin supply has now been issued through mining. Out of a hard-capped total of 21 million BTC, over 19.74 million have been mined so far. Bitcoin’s supply is issued through mining, where computers validate transactions and receive Bitcoin as a reward. The initial mining subsidy was 50 BTC per block, which halves every 210,000 blocks or roughly every 4 years. This event called the Bitcoin halving, ensures a predictable, diminishing inflation rate as the supply grows. There have been three halvings, cutting the subsidy from 50…
Ethereum price has witnessed a modest price increase in the last 24 hours. The altcoin’s daily trading volume decreased by 10.20% according to CMC data. The crypto market has exhibited mixed signals in the past few weeks, as prices haven’t shown significant upward movements. While the regulatory and L2 sectors have witnessed optimal activities, prices have experienced an overall lull. Notably, Bitcoin, the largest cryptocurrency, has struggled to surpass $61K over the past week. Meanwhile, the leading altcoin, Ethereum, has shown a price increase of 0.46% in the last 24 hours. It has witnessed a modest increase, moving from $2,634…
Crypto commentator Chad Steingraber claims that the Hashdex Nasdaq Crypto Index ETF would purchase 215,854 XRP for every 1,000 new shares created. The prominent XRP community figure recently made this bold statement on X, while discussing the latest crypto ETF developments. Steingraber’s comments have stirred quite a bit of discussion within the crypto community. According to information from Hashdex’s website, the Hashdex Nasdaq Crypto Index ETF (HDEX.BH), which tracks the Nasdaq Crypto Index (NCI), contains a variety of cryptocurrencies with different weightings. Bitcoin holds the largest share at 64.33%, followed by Ethereum at 26.08%, Solana at 5.26%, and XRP at…
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…