Author: NBTC
Those who spend any amount of time following crypto will likely be familiar with one of the most atrocious bets in recent memory. One year ago, Balaji Srinivasan bet a couple of individuals on Twitter that bitcoin would reach $1 million in 90 days. He conceded in just 45. Now, despite Srinivasan’s humiliating climbdown, a new bad bet has been placed, this time by Bitcoin maximalist and What Bitcoin Did podcast creator, Peter McCormack. The bet, which hasn’t yet been finalized due to the inability to find someone to escrow the money, is with Michael Green, the chief strategist for…
SHIB transaction tracker Shibburn spreads the word about an intensive rise in the SHIB burn rate observed since last morning. In the meantime, the same source has announced a monstrous amount of SHIB destroyed over the past month. The aforementioned 24-hour burns have coincided with a monstrous price increase staged by Shiba Inu since last morning. Burn rate jumps 887%; 643 million SHIB burned in February Shibburn has reported that within the last 24 hours, the cumulative efforts of the SHIB community have made it possible to destroy 37,104,438 SHIB meme coins, pushing the burn rate 887.07% up. The largest…
Michael Saylor, the CEO of MicroStrategy, reiterated the widely held belief within the cryptocurrency community that Craig Wright is not the elusive Satoshi Nakamoto, the pseudonymous creator of Bitcoin. The affirmation comes as a reminder of the recent legal verdict that debunked Wright’s claim to be the inventor of Bitcoin. COPA proved that Wright is not what he claims to be Saylor’s statement reinforces the skepticism surrounding Wright’s persistent assertions of being Satoshi Nakamoto, a claim that has been met with skepticism and controversy since its inception. The legal battle over Wright’s claim reached a critical point when a court…
Bitcoin fell by 3.2% in the 30 minutes after it surged above $69,000. Historical cycles show that a conclusive all-time high breakout is often followed by a sustained period of upside price action. More than $84 million of derivatives have been liquidated in the past four hours, the majority of which have been long positions. Bitcoin (BTC) rose to a record $69,325, its highest level since Nov. 10, 2021, on a flurry of volatility buoyed by demand from spot exchange-traded funds (ETFs) in the U.S. Unlike the previous cycle, the largest cryptocurrency by market value almost instantly fell back as…
The Terra Luna Classic community developers are working on crucial chain upgrades that could put Terra Classic on a major utility path and push Classic ecosystem tokens LUNC and USTC prices to new highs. It follows after Testnet rebel-2 was successfully upgraded to the new release candidate of v2.4.0 of the terrad client amid recent development narrative and proposals passed by the community. Terra Luna Classic Major Upgrade Popular LUNC developer Till “fragwuerdig” Ziegler submits a proposal to upgrade Terra Classic to v2.4.0. The upgrade will boost security and introduce major features to Terra Classic as proposed by Genuine Labs…
The European Corporate Governance Institute (ECGI) has published a fresh research paper acknowledging the non-security status of XRP as ruled by a U.S. federal court last year. This recognition came in a study titled “Corporate Governance Meets Data and Technology,” authored by two university scholars: Wei Jiang of Emory University and Tao Li of the University of Florida. Notably, these scholars cited Ripple and XRP in the context of regulatory concerns surrounding token offerings, particularly regarding securities regulations and token classification. A prominent XRP community figure using the pseudonym “WrathofKahneman” spotlighted the research in an update. The European Corporate Governance…
After making itself comfortable above the $68,500 mark, Bitcoin has finally hit a brand new all-time high, signaling what can only be a proper bull run for crypto. The surge pushed its value past its previous all-time high of $69,040 set back in November 2021. ETFs and Halving Spark Bull Run The bull run is riding on two major waves: the launch of spot Bitcoin ETFs in the United States and the upcoming halving event. These ETFs have opened up a new, steady stream of investment into Bitcoin, strengthening its reputation as a reliable store of value. Analysts from Bitfinex,…
Etherfi, a well-known liquid restaking protocol on the Ethereum blockchain, will launch its own crypto ETHERFI tomorrow with a parallel airdrop dedicated to the platform’s early users. The new currency, farmable alternatively through Binance Launchpool until 00:59 tonight, will be distributed among all holders of “Etherfi points” who in recent months have locked their ether on the protocol receiving eETH in exchange. This airdrop could open the doors to other token distributions by the restaking protocol ecosystem, such as Eigenlayer and Swell. Below are all the details on how to verify your eligibility for Etherfi and how to get ready…
Shiba Inu (SHIB), the cryptocurrency that started as a meme, has ascended to become the fourth most traded cryptocurrency in the global market, according to CoinGecko data. This achievement marks a significant milestone for SHIB as it continues to gain traction among investors and traders alike. Notably, SHIB/USDT has become the second most-traded cryptocurrency pair on Binance, trailing only behind the heavyweight BTC/USDT pair. The red-hot meme coin has staged a massive comeback, surging by a whopping 111% over the past seven days alone, according to data provided by CoinGecko. Top coins by trading volume The current trading volume leaderboard…
As tension grows between cryptocurrency platforms and regulatory bodies worldwide, Nigeria has become the latest battleground. The African nation’s confrontation with Binance, a leading global cryptocurrency exchange, has escalated into a complex legal dispute, detentions of key personnel, and a broader debate on regulating digital currencies. The conflict reached a critical point when Binance announced its decision to cease offering services involving the Nigerian Naira. This decision came after a legal skirmish with Nigerian authorities, who have demanded nearly $10 billion in compensation, alleging the company’s involvement in currency speculation and manipulation. This drastic measure by Binance, slated to take…