Author: NBTC

A Solana-based meme coin, Slerf, has surpassed all Ethereum-based exchanges in trading volume within its first day of existence. Slerf’s popularity surged after its developer said they accidentally sent all raised funds to a burn address, leading to a frenzied market and a price increase. Slerf is considered a “blue-chip meme” by some professional traders, and efforts are underway to compensate presale participants through donations from the Solana community and trading fees from exchanges. A Solana-based token that’s been live for little more than a day has clocked up more trading volume than all decentralized exchanges on the Ethereum blockchain…

It is patently absurd that Sam Bankman-Fried asked to receive no more than 6.5 years for what could be appropriately described as the crime of the century. It is also laughable that, in arguing for a lighter sentence, his newly hired defense counsel made appeals to SBF’s autism and veganism, and made hay of the full restitution his victims are likely to receive. A man’s diet is not a basis for leniency, and moreso, the FTX estate was able recover some, but not all, of the billions of dollars worth of missing assets, not because of Bankman-Fried’s help, but in…

Nifty Island, an Ethereum blockchain game built around user-generated content, announced Friday that it’s launching a two-part speedrunning challenge around a new play mode called “Break the Targets”—and both level creators and players can earn NFT rewards for getting involved. Over the weekend, level creators can design their own unique courses around the play mode, giving players courses in which they can try to maximize their run while shooting targets. The top three “most creative courses” will be chosen by a community team for players to then try to set record times while playing. “Builders and speedrunners, this is your…

X Payments received the Check Sales & Money Transmitter certificate for Louisiana. The move triggered optimism within the crypto market, with the payments platform securing licenses in 23 states in the US. 💱 X Payments Granted Sale of Checks and Money Transmitters License from Louisiana!#X pic.twitter.com/JRAYotIvZ4 — Updates (@sirfupdate_) March 29, 2024 The continuous expansion reflects Elon Musk’s dedication to transforming the digital transactions landscape. The regulatory focus cements X Payment’s footprint in the United States market. Meanwhile, the latest Louisiana license updates triggered speculations in the cryptocurrency industry, with discussions on Dogecoin’s (DOGE) potential integration dominating trends. While there’s…

Experts contribute their opinions to predict and decipher what will happen after the Bitcoin halving next month. As the 2024 Bitcoin halving approaches, crypto.news asked Kurt Wuckert Jr., Chief Bitcoin Historian at CoinGeek, and Joshua Petty, CEO of Ordinals Wallet, what they believe will occur post-halving. How does the Bitcoin halving event affect the Ordinals market? Wuckert Jr.: It doesn’t. In fact, Ordinals volume, value, and trading are completely separated from the halving, and makes any chain with an Ordinals market fundamentally stronger because it brings commerce onto the chain regardless of the price of the base asset. Petty: Halving…

Gyroscope is debuting a high-yield liquidity pool that seeks to generate returns from trading, rehypothecation of assets and loyalty points. Backers call the new product extremely capital efficient. Stablecoin project Gyroscope is out with a new piece of trading infrastructure that its developers say will improve capital efficiency for crypto users seeking yield. The new liquidity pool product is called Rehype – short for rehypothecation, the practice of lending out the collateral backing a loan. Doing this can compound risks of a lender default, but also compounds the rewards generated by loans. Gyroscope’s Rehype liquidity pools are long on yield…

Solana-based shooter Nyan Heroes is offering double the “MEOW” points in its current play-to-airdrop campaign this weekend, 9 Lives Interactive said on Friday, providing added incentive for players to check out the current pre-alpha PC demo on the Epic Games Store. Gamers looking to participate in the boosted play-to-airdrop event have from March 30 until April 1 to earn double the standard rewards points for playing the game and completing missions, the company said. Nyan Heroes players can earn MEOW points for playing the game until the pre-alpha demo is removed from Epic Games on April 9, and those points…

Bitvavo, the largest exchange based in the Netherlands, has added support for Flare (FLR), sparking a reaction from the XRP community. The Flare Network community, which largely comprises XRP holders who received the token as airdrops last year, has witnessed a pivotal development that could help bolster adoption and demand for the FLR token. Bitvavo Lists Flare Bitvavo, one of the leading global exchanges and the largest Dutch crypto exchange, recently revealed that it has added support for FLR. The listing, which occurred on March 27, also involved three other crypto assets, Wrapped BTC (WBTC), Big Time (BIGTIME), and MANTRA…

Ripple’s role in the payments sector cannot be overstated. Since its launch in 2012, the California-based company has provided enterprise-grade infrastructure allowing businesses to use blockchain to send and receive cross-border payments cheaper, faster and more efficiently. Due to its expertise in the global payments sector, Ripple was recognized as the Best Cross-Border Payment Platform and Best DeFi Infrastructure Platform in the 2024 Fintech Breakthrough Award program. The leading cryptocurrency payments company wrote about this on X, highlighting that it was among the “Fintech Breakthrough Award winners for 2024.” Ripple also expressed gratitude to the award organizers for the recognition.…

In a packed courtroom, Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, was sentenced to 25 years in prison by Judge Lewis A. Kaplan. The sentencing follows a landmark trial that has captured widespread attention for its revelations of financial misconduct within the cryptocurrency industry. Crypto Mogul Sam Bankman-Fried Handed 25-Year Sentence; $11 Billion in Restitution The sentencing hearing, detailed meticulously by Matthew Russell Lee of Inner City Press, thoroughly examined Sam Bankman-Fried’s (SBF) actions and their extensive impact on investors, customers, and the broader financial landscape. Overseeing the case, Judge Kaplan rejected the defense’s arguments concerning the calculation…