Author: NBTC
Helium’s native token HNT surged 44% over a week — from $3.98 to a high of $5.57. In the last 24 hours, the daily trading of HNT recorded a spike of 225%. Currently, Helium upholds 401,817 decentralized mobile hotspots worldwide. Decentralized Physical Infrastructure (DePIN) is generating buzz in the crypto community as the next revolutionary narrative in the realm. Among the projects leading this paradigm shift is Helium, a Solana-based decentralized wireless network builder. Over the past 24 hours, the protocol’s native token, HNT, has claimed a spot as one of the top gainers. Helium (HNT) pumped over 17% to…
Coinbase is trying to get a higher court to take a look at a question at the heart of its legal dispute with the Securities and Exchange Commission. The courts must accept the request for appeal before it can move forward, but the SEC has said the exchange hasn’t made its case. Coinbase Inc. (COIN) took another step in its back-and-forth argument with the U.S. Securities and Exchange Commission (SEC) on whether the cryptocurrency exchange should be allowed to raise a single, core legal point for consideration by a higher court. After the company’s effort to dismiss the SEC’s enforcement…
Bitcoin (BTC), the largest cryptocurrency by market cap, fell precipitously over the weekend, hitting lows of $60,822 before somewhat recovering to around $64,438 as of press time. The immediate cause of the market crash was not clear; however, there are speculations that lower liquidity led to lower pricing. In the wake of the market crash, veteran trader Peter Brandt has offered his take, suggesting that an “end run” has been completed for Bitcoin. Brandt posted a BTC/USD daily chart, highlighting BTC’s recent price drop as the “end run.” End run completed in Bitcoin $BTC@chartwizardsnft pic.twitter.com/YlHISyT85D — Peter Brandt (@PeterLBrandt) April…
The examiner appointed in the FTX bankruptcy has released its report, highlighting a variety of bad behavior from the firm and its executives leading up to its collapse. The report contains allegations about how FTX paid off whistleblowers, dealt with ‘capital issues’ at its bank, and when various executives knew about the insolvency of FTX group entities. Who knew? The report contains allegations about which executives and firms were aware of the ‘hole’ in FTX Group’s books before the collapse. It alleges that Ryan Salame ‘assisted with the creation of the backdated payment agent agreement; made or directed other FTX…
The Brazilian UFC fighter Renato Moicano won a UFC 300 fight on April 13, making a remarkable victorious speech. Moicano asked for the $300,000 bonus to be paid in Bitcoin (BTC) a few hours before the organization’s decision. The UFC fighter posted the request on X (formerly Twitter), drawing the attention of cryptocurrency market investors and enthusiasts. Hey I want my 300k bonus in #btc thanks 🤑💰👍 — Renato Moicano UFC (@moicanoufc) April 14, 2024 However, Max Holloway received the $300,000 Performance of the Night bonus after an impressive victory against Justin Gaethje. Despite losing the bonus, Renato Moicano showed…
Prominent blockchain tracker Whale Alert, which tracks down large cryptocurrency transfers, spreads the word about two mysterious crypto whales that have pocketed 44 million XRP between the two of them. These transactions have taken place while the XRP price demonstrated a marginal decline of slightly less than 4%. Two anonymous whales withdrew 23,037,429 XRP and 20,980,252 XRP from the Binance exchange. These crypto lumps were evaluated at $11,550,284 and $10,603,607 at the time of these transfers. Is Shiba Inu (SHIB) Finished? Ethereum (ETH) About to Get Tested, Cardano (ADA) Finally Enters Uptrend 🚨 20,980,252 #XRP (10,603,607 USD) transferred from #Binance…
Cryptocurrency custodian BitGo will get a fresh chance to sue financial services firm Galaxy Digital over the two companies’ failed $1.2 billion merger agreement after Delaware’s Supreme Court reversed an earlier ruling to dismiss BitGo’s lawsuit. “We believe justice prevailed on appeal, and we are delighted to move forward with this case in the Chancery Court,” said R. Brian Timmons, partner at Los Angeles-based law firm Quinn Emanuel, which is representing BitGo in this case. BitGo filed suit against Galaxy in August 2022, seeking $100 million in damages and alleging that Galaxy “intentionally” breached its May 2021 merger agreement when…
The following is a guest post by Kadan Stadelmann, the CTO of Komodo Blockchain. The US has undergone an immense consolidation of wealth and power in recent years. Americans everywhere are suffering while modern-day robber barons get fat off a 21st-century Gilded Age or roaring Twenties. Unlike the Gilded Age and 1920s, however, the 2020s offer a reprieve. Bitcoin serves as a timely solution for individuals and families to ensure they enjoy their piece of the American Dream. Americans Living In Silent Depression In the US, millions of people are living in a “silent depression.” For example, 35% of people…
Despite venture capital activity declining across the board, funding for Bitcoin startups more than quadrupled in 2023, according to a new report. Research from Trammell Venture Partners (TVP) shows that the number of Bitcoin-native pre-seed deals ballooned 360% last year, while the number of funded Bitcoin companies rose by 56.9%. VC Funding Explodes On Bitcoin As explained in TVP’s Friday report, a “Bitcoin native company” is a firm whose product’s success is mutually aligned with that of the Bitcoin network and which is founded on the principle that BTC is the “global monetary asset of the future.” That includes early-stage…
Cardano is witnessing a resurgence of whale interest, as large transactions on the network soar to an average of $13 billion a day over the last seven days. On-chain data from blockchain surveillance resource IntoTheBlock confirms this trend. IntoTheBlock took to X today to reveal that Cardano has commanded some of the largest daily transaction volumes over the last week, nearly competing with the premier cryptocurrency Bitcoin (BTC). ADA Sees $13B Daily Average Transaction Volume According to the disclosure, the volume of ADA transactions worth at least $100,000 has surged to a daily average of $13.84 billion in the past…