Author: NBTC
After reportedly experiencing internal control issues, New York Community Bank (NYCB) stock has plunged over 20%, hitting its lowest point in 27 years. Amid NYCB stock decline, Bitcoin approaches its previous all-time highs. NYCB Declines, Bitcoin Rises The Kobeissi Letter reported that New York Community Bank is facing its lowest stock price since 1997. “The weakness is reportedly related to loan review resulting from ineffective oversight and risk assessment.” NYCB previously acquired Signature Bank, which collapsed during the regional banking crisis in March 2023. While many assumed that crypto was the cause due to its pro-crypto stance, the bank confirmed…
Given the dynamic landscape of the cryptocurrency market, the spotlight now shines on Bonk (BONK) as its price undergoes a remarkable surge, catapulting by an impressive 10% within the past 24 hours. At present, the current price of Bonk (BONK) stands at $0.00003150, reflecting the fervent activity and interest surrounding this digital asset. This surge is directly linked to recent developments within the crypto ecosystem, notably BitMEX’s decision to list the Bonk token and the unveiling of an enticing airdrop opportunity for users. BitMEX Listing Unlocks New Opportunities In a significant move for the cryptocurrency landscape, Bonk (BONK) emerges as…
The Loki Kit by Pivotal Pleb Tech has made it easier for crypto miners to get creative and run various configurations of Bitmain S19 ASIC miners on 120V power, meaning home mining for these devices was made possible in US and other countries using this voltage. There are number of products already available using Loki and single S19 mining boards to make a good space heater for the winter such as the BitChimney Space Heater and StealthMiner, but now there is a new interesting option available as well called The Urlacher. The device is named after LuxOS engineer David Urlacher…
Crypto news: APhone (DePIN), a virtual web-based smartphone application, officially introduces its launch in the Solana ecosystem. This innovative service redefines the mobile experience of Web3, offering millions of users a convenient way to interact with Web3 applications without any hardware limitations. Let’s see below all the details. The innovations of Solana and DePIN for smartphones and crypto APhone: revolutionizing web3 access through distributed GPU Cloud Explosive growth of Solana DeFi: record trading volume and more The innovations of Solana and DePIN for smartphones and crypto As anticipated, APhone, a virtual phone application based on the web, revolutionizes the mobile…
DENVER – U.S. Securities and Exchange (SEC) Commissioner Hester Peirce said the top U.S. investment watchdog is in an “enforcement-only mode” when it comes to crypto, underscoring the uphill battle the industry faces against a litigious SEC. Speaking at ETHDenver Thursday, Peirce, the most crypto-friendly of the SEC’s five commissioners, bemoaned that a regulator needed to attend the annual gathering of crypto developers, investors and marketers focused on Ethereum, the number two blockchain behind bitcoin. “What I reflect is the fact that you all are spending part of your brainpower,” wondering how to avoid getting sued, she said to the…
Blockchain pioneer Manta Network released the Golden Treasure Shovel NFT, a great addition to their ecosystem. This unique, non-transferable token rewards and empowers Manta adventurers by giving them a rare chance to find Pacific Ocean treasures. 🔱 Introducing the Golden Treasure Shovel NFTThis is an exclusive NFT to unlock hidden treasures across the #MantaPacific. Anyone who has burned a Mystical Manta or The First Modular L2 NFT can claim starting today.Read more here: https://t.co/oP8Y9U3zVS — Manta Network (🔱,🔱) #MantaNewParadigm (@MantaNetwork) March 8, 2024 Manta Network Begins Distribution of Golden Treasure Shovel NFT The legendary Golden Treasure Shovel can be used…
Two weeks after the Hong Kong Monetary Authority (HKMA) issued the second iteration of its green digital bonds, the Bank of East Asia and HSBC uncovered a new use case for the offering in repurchase (repo) transaction. The new use case involves using digital bonds as collateral for repo transactions between financial institutions. While instances of using digital bonds as collateral are sparse, HSBC and the Bank of East Asia found relative success in their pioneering attempt at a repo agreement. A repo allows one financial institution to sell securities to another entity under a deal to reacquire the securities…
Shiba Inu (SHIB) has continued to command increased interest amid the latest price uptrend, recording a massive 2,000% surge in active addresses from the February average. IntoTheBlock (ITB), a leading blockchain analytics provider, disclosed this feat in a recent post on X, suggesting an observable uptick in activity. Data from ITB indicates that Shiba Inu witnessed a recent high of 21,000 daily active addresses on March 5. This figure represents a massive increase from the daily average. Shiba Inu witnessed an average of 3,100 daily active addresses throughout last month when its price traded between $0.000009 and $0.00001. Interestingly, the…
Y/Project, the avant-garde Parisian label helmed by Glenn Martens, is making waves in sustainable fashion with a groundbreaking partnership. Teaming up with Arianee and Maison Neyret, they introduce a revolutionary concept: blockchain-based Digital Product Passports (DPP) for denim items within the Y/Project Evergreen collection.—This collaboration signals a significant milestone at the intersection of fashion and technology, ushering in an era of transparency and sustainability. Y/Project’s Evergreen collection, launched in 2020, has been a trailblazer in ethical manufacturing and sustainable practices, redefining wardrobe essentials with timeless pieces designed for versatility.With the introduction of Digital Product Passports, powered by Arianee’s state-of-the-art technology…
A group of state attorneys general are arguing that the U.S. Securities and Exchange Commission exceeded its authority in suing the crypto exchange Kraken. State law enforcement officials from Montana, Arkansas, Iowa, Mississippi, Nebraska, Ohio, South Dakota and Texas filed a joint amicus brief – or friend of the court filing – in the SEC’s suit against Kraken on Thursday, alongside a number of industry lobbyists and other participants. Saying the SEC’s suit might even harm consumers, the state AGs argued that the agency was expanding the definition of an “investment contract,” and that cryptocurrencies “are not automatically securities.” The…