Author: NBTC

Meme coins are coming to Fantom (FTM), and the community is excited at the prospect. In a proposal published on Medium, Fantom lead developer Andre Cronje outlined the risks and opportunities that a meme coin culture on Fantom poses and how the community can properly tap into the latter. Andre Cronje proposal Andre Cronje started his proposal by highlighting the risks, which include the likelihood of the team selling off their tokens, and early investors selling large amounts, a trend that can cripple the project. As seen on other blockchains with meme coins already thriving, there is also the risk…

Kraken, the second-biggest U.S.-based crypto exchange, has developed its own wallet, catching up to its rival Coinbase in the product arena and joining a saturated field that also includes major players like MetaMask, Ledger and Trezor. The new self-custodial “Kraken Wallet” is being releasing Wednesday and will be available to both Kraken users and non-users, CoinDesk is first to report. The wallet will initially support eight blockchains including Bitcoin, Ethereum, Solana, Optimism, Base, Arbitrum, Polygon and Dogecoin. According to a blog post shared with CoinDesk, the Kraken Wallet will be the first from a major exchange to be open-sourced. This…

The Shiba Inu ecosystem team has taken to X to express excitement about the prospects of its liquid staking partner, K9 Finance DAO, following remarkable achievements in Q1 2024. In a recent post, K9 Finance took a moment to appreciate its past success in the first quarter of the year while also gearing up for amazing achievements this second quarter. K9 Amazing Q1 Success The K9 Finance team pointed out that it completed its DAO (decentralized autonomous organization) set up by forming a Panamanian foundation and publishing its DAO charters and token terms, among other things. K9 Finance also highlighted…

Crypto exchange Binance is considering re-entering India’s market after having been banned there in late 2023. The potential re-entry would involve a penalty of about $2m, the Economic Times reported Thursday. The platform’s return would be contingent upon registration with the finance ministry’s Financial Intelligence Unit (FIU). The FIU is responsible for supervising virtual asset commerce. A source informed the outlet that Binance intends to adhere to all relevant legislation, including the Prevention of Money Laundering Act (PMLA) and the crypto taxation framework. Prior to this, Binance had been neglecting these regulations. Binance didn’t return Cryptonews’ request for comment by…

On-chain data shows Bitcoin miners have always sold as Halvings have occurred. With the next one just around the corner, how are miners behaving this time? Next Bitcoin Halving Is Less Than Two Days Away Now In a CryptoQuant Quicktake post, an analyst discussed Bitcoin miners’ behavior in the build-up to the next Halving. The “Halving” is a periodic event on the Bitcoin network where the cryptocurrency’s block rewards (the compensation miners receive for solving blocks) are permanently slashed in half. This event occurs approximately every four years, and according to NiceHash’s countdown, the next one will occur in just…

Bitcoin (BTC) whales have been busy this week taking profits, or at least it appears so. According to on-chain tracker Lookonchain, one wealthy trader made a profit of $217 million on BTC after selling a large amount of BTC on Binance. The whale in question had accumulated and held BTC for several months, specifically since August 2023. As BTC’s price exploded above $40K in January, he sold 4,300 BTC on Binance at an average price of $43K —netting approximately $183M in profits. That same whale sold 100 BTC on Wednesday, leaving 4.3K BTC ($313M) at his disposal. Users on Crypto…

The volume of XRP bridged by market participants to the Coreum network has surged by 2,703%, reaching 1.6 million tokens within a span of two weeks. Since the launch of the Coreum blockchain last March, the team behind the project has continued to make efforts toward interoperability with other chains. The latest effort involved the introduction of a two-way bridge between Coreum and the XRP Ledger (XRPL). Data indicates that the bridge, which facilitates seamless movement of XRP and other assets between the XRPL and Coreum, has continued to garner attention from network participants. This has resulted in the Coreum…

While Binance, the world’s largest cryptocurrency exchange, continues its altcoin announcements, it announced that it has listed new altcoin trading pairs on the spot platform. Announcing that 5 trading pairs are listed at this point, most of them USDC, Binance stated that these are “APT/USDC, GALA/USDC, NEO/USDC, OMNI/BRL and STX/USDC”. “Dear Binance members, To expand the list of trading options offered on Binance Spot and improve users’ trading experience, Binance will open APT/USDC, GALA/USDC, NEO/USDC, OMNI/BRL and STX/USDC trading on 04/19/2024 at 14:00 UTC. will initiate trading for the pairs. Additionally, Binance will enable Trading Bots services for APT/USDC, GALA/USDC,…

Cetera Financial Group, a leading wealth management firm in the US, has unveiled a new policy for Bitcoin exchange-traded funds (ETFs) in brokerage accounts, according to a press release published today. The policy aims to provide Cetera’s financial professionals with the necessary education and resources to incorporate Bitcoin ETFs effectively into their clients’ investment portfolios. As noted, Cetera has approved the use of four spot bitcoin ETFs, including Invesco Galaxy Bitcoin ETF (BTCO), Franklin Bitcoin ETF (EZBC), Fidelity Wise Origin Bitcoin Fund (FBTC), and Blackrock iShares Bitcoin Trust (IBIT). These funds are backed by established ETF providers known for their…

Liquid staking protocol STFIL is allegedly under investigation by Chinese police amid concerning fund transfers and protocol upgrades. The STFIL team revealed in an X post on Apr. 9 that the core team members of the protocol are under investigation by local Chinese police. Although specific details surrounding the investigation were not disclosed, STFIL noted that legal representation has been engaged to manage the situation and support the individuals implicated. We believe that the STFIL core technical team is under investigation by local Chinese police, and we understand lawyers have been hired to understand the current situation and provide legal…