Author: NBTC
According to the incident noticed by the analysts of the cryptocurrency analysis company Lookonchain, a crypto wallet managed to turn an extremely low capital into a fortune with great luck. Wallet address waxl.eth purchased $6,500 worth of TRUMP tokens and sold them for $5.6 million for an 870x profit. According to Onchain data, the waxl.eth wallet purchased the 2.08 million TRUMP tokens by paying $6,500 with two different wallets. Then he sold TRUMP, worth $1.24 million, for $902,000. However, the lucky whale still has 832 thousand TRUMP in his wallet, and their value is around 4.7 million dollars at the…
In a recent development, the US House of Representatives engaged in an hour-long debate on House Joint Resolution 109. The decision aims to rescind the Securities and Exchange Commission’s (SEC) Accounting Bulletin Statement (SAB) 121, a rule with significant implications for the banking and cryptocurrency industries. SAB 121 requires banks to disclose all cryptocurrency holdings, keep customer cryptocurrency assets on their balance sheets, and maintain an offset obligation. In other words, for every dollar of cryptocurrency held in escrow, the bank must hold an equivalent amount. Originally adopted as guidance, SAB 121 was later adopted as a rule by the…
Former cryptocurrency exchange MtGox has updated its official website form, according to some creditors in a post on Reddit. The update includes the number of tokens expected to be withdrawn, which includes Bitcoin (BTC), Bitcoin Cash (BCH) and yen. According to the new table, the exchange is expected to distribute its assets of 142,000 BTC, 143,000 BCH and 69 billion yen to its creditors before October 31, 2024. A payee from MtGox shared his experience: “The website was having technical issues a few days ago. I’m pretty sure they updated the charts and now everyone can see the same updated…
Donald Trump, former US President and current presidential candidate, on Wednesday hosted a special event at his Mar-a-Lago resort in Florida for NFT owners, where he voiced his support for crypto. The presumptive Republican presidential candidate held the event for fans who purchased at least 47 of his NFTs, each costing $99. During a Q&A session, he agreed with a participant who said many cryptocurrency businesses are leaving the country “because of the hostility.” He likely pointed to the Securities and Exchange Commission’s recent enforcement actions against crypto companies, including industry leaders Binance and Coinbase, for allegedly offering unregistered securities.…
Following the Bitcoin (BTC) halving event, the transaction fees on the network skyrocketed as the Runes token standard that was launched alongside triggered an explosive gas fee. In a dramatic twist, CryptoQuant analyst Julio Moreno has pointed out that the transaction fees are dropping significantly. According to his analysis, despite the massive number of Runes activity recorded on April 20, the transaction fees plummeted. As reported earlier, the impact of Runes hit a climax when a trader paid more than $500,000 in transaction fees. While this is nothing new to the Bitcoin blockchain, the higher-than-usual gas implies average users will…
Livestreaming your supposed mom shaking her breasts on camera to pump your meme coin is peak crypto degeneracy. But this sexually suggestive token, called LIVEMOM, is only the beginning of an increasingly weird—and rapidly expanding—wormhole of meme coin livestreams. Kidnapping, even more half-naked women, and fraudulent amputees are all part of this emerging livestream meta that has taken underground Solana degen traders by storm. At the same time that LiveMom was shaking her 36DDs next to her purported son, another livestream was underway. Aspiring political candidate Leland King Fawcette was attempting to create a meme coin called IMLIVEKICK, but the…
Linear Finance has announced a strategic move to enhance its cross-chain functionality by integrating Chainlink’s Cross-Chain Interoperability Protocol (CCIP) across the BNB Chain and Ethereum mainnets. This integration marks a significant step forward for Linear, as it leverages the CCIP’s arbitrary messaging features to facilitate cross-chain transfers of its native token, LINA. This development allows users to stake LINA across multiple blockchains, streamlining the process and broadening access. The decision to select Chainlink’s CCIP for this crucial upgrade stems from its robust track record in the Web3 industry, where it is recognized for upholding the highest standards of security and…
A prominent X user, Clark Moody, recently shared insights on Bitcoin’s top most valuable blocks, which were mined following the much-awaited Bitcoin Halving event. While nine of the 10 most valuable blocks in Bitcoin history were mined after the halving event, one was the result of an accident $3 million overpayment last November. Nine of the top 10 most valuable blocks have been mined today pic.twitter.com/0W5zbLOHx0 — Clark Moody (@clarkmoody) April 20, 2024 The Bitcoin halving was successfully completed late on April 19, 2024, significantly impacting the whole crypto market. Chinese crypto journalist Colin Wu’s X post revealed that the…
Polkadot blockchain activity has surged to record levels, with active addresses hitting all-time highs for two consecutive months. Data from DotLake indicates the network boasted around 650,000 active addresses on-chain as of the end of April. The growth continues the uptrend that saw the number of active blockchain addresses surpass its previous high of 605,000 in March. Polkadot said this milestone represents a significant uptick in activity, marking a new all-time high for monthly active accounts since the launch of parachains in 2022. The rising active addresses can be primarily attributed to Moonbeam. During the reporting period, the parachain accounted…
The European Union (EU) securities watchdog, the European Securities and Markets Authority (ESMA), is seeking input from stakeholders on the potential inclusion of crypto assets in investment products. The move has the potential to open up a vast market for cryptocurrencies, surpassing the scope of spot Bitcoin exchange-traded funds (ETFs). ESMA’s call for input is intended to expand the assets eligible for Undertakings for Collective Investment in Transferable Securities (UCITS), a market valued at €12 trillion. Approval of Crypto Assets for UCITS Could Expand Market Access The approval of crypto assets for the EU’s UCITS would offer broader access to…