Author: NBTC
Celsius Network burned its CEL holdings, representing the majority of the token supply, on April 30. Etherscan indicates the company burned 652.2 million CEL by sending it to a null address. The burned amount represents 94% of the previous total supply, which amounted to 692.8 million CEL, valued at roughly $83.2 million at current market price. The transaction reduced the remaining token supply to 40.6 million CEL, based on CoinGecko data — which has been updated to reflect the burned amount as of press time. The transaction originated from a wallet controlled by Celsius, based on Arkham Intelligence data. Arkham…
The Office of the Privacy Commissioner for Personal Data (PCPD), Hong Kong, has reportedly completed its investigation into Worldcoin. The investigation found significant violations of the Personal data (privacy) regulations. Hong Kong Has Been Probing Worldcoin Since December 2023 According to Hong Kong-based media outlet RTHK, Privacy Commissioner Ada Chung Lai-ling issued an enforcement notice against Worldcoin. The notice demands the immediate cessation of iris and facial image collection using scanning devices. The investigation revealed that Worldcoin’s practices in Hong Kong were excessive and unnecessary. Specifically, the retention of personal data for up to ten years to train AI models…
Geopolitical events and the search for an investment hedge led some traders to say bitcoin could surge in the coming months, despite a recent 10% weekly drop in its value. The correlation between bitcoin and traditional market assets remains high, but some investors see the cryptocurrency as a viable hedge and investment option, with expectations its price could reach $120,000 in the coming months. International politics and the search for an investment hedge could fuel a bitcoin (BTC) surge in the coming months, even after confidence in the largest cryptocurrency was dented by a 10% weekly drop, some traders say.…
The legend of trading outside of the cryptocurrency industry, Peter Brandt, revealed that he has been building a bullish case for Ethereum since May 17 and even included an action plan for buying. Unfortunately, he did not reveal what is going to happen with ETH in the future, nor did he provide additional details on his buying plan. That is why we will have to address the price chart we have right now. Obviously, Ethereum is ripping and tearing the market right now, with the price of the second-biggest cryptocurrency slicing through the $3,600 resistance like a knife through butter.…
The South Korean tech giants Naver and Kakao are set to finalize their blockchain merger plans with a token launch in June. According to Newsis, the token launch will take place in the UAE under the new brand name Kaia. Naver, Kakao Plan June Token Launch Kakao, the operator of the KakaoTalk chat app, is the driving force behind the Klaytn blockchain and its Klaytn (KLAY) token. KLAY prices over the past year. (Source: CoinMarketCap) Naver is South Korea’s answer to Google. It operates the Finschia (FNSA) token and blockchain protocol via its Line affiliate. Line is also a chat…
The Financial Innovation and Technology for the 21st Century Act would hurt investors and hamper the U.S. Securities and Exchange Commission’s work, SEC Chair Gary Gensler said Wednesday. “The Financial Innovation and Technology for the 21st Century Act (‘FIT 21’) would create new regulatory gaps and undermine decades of precedent regarding the oversight of investment contracts, putting investors and capital markets at immeasurable risk,” he said. FIT21 is a joint bill produced by the House Agriculture Committee and the House Financial Services Committee, and is intended to clarify how the SEC and Commodity Futures Trading Commission (CFTC) oversee crypto. It…
The Bitcoin halving, a technical event that occurs on the Bitcoin network every four years and reduces the cryptocurrency supply in half, is scheduled to occur in around three days. Oklink, a blockchain explorer, indicates that the countdown is 3 days and 15 hours as of press time, with an estimated date of April 20 and 526 remaining blocks. The halving cuts Bitcoin miners’ earnings by half, as stipulated by the Bitcoin blockchain code, and is slated to occur every 210,000 blocks. This time, mining rewards will be halved from 6.25 BTC to 3.125 BTC. With only a few days…
Ethereum (ETH) has seen its price slip in the past few hours, compounding the marketwide losses it has recorded in the past 24 hours. Within this period, several batches of Ethereum were moved in and out of top trading platforms, which suggests that a major sell-off might be underway. Ethereum whales acting ahead of ETF decision According to data from crypto analytics provider Whale Alert, about 142,177 ETH have moved in and out of trading platforms, wallets and custody service engines in 24 hours. One of the smallest amounts recorded on-chain features 6,455 ETH worth $24,109,913 sent from an unknown…
Bitcoin Depot, the largest Bitcoin ATM operator in the United States, has reported robust revenues despite the highly volatile nature of cryptocurrency prices. In its recently filed 10-K annual report on April 15, the company revealed that its revenues in 2023 and 2022 amounted to $689 million and $647 million, respectively, showing no significant correlation with Bitcoin’s price fluctuations. Bitcoin Depot Reports Resilient Revenue Amid Bitcoin Price Volatility Despite cryptocurrency prices’ rollercoaster ride, Bitcoin Depot has weathered the storm with no significant impact on its revenues. Even during extreme volatility in Bitcoin prices, Bitcoin Depot’s revenues remained steady and unaffected.…
Issuers hoping to launch spot ether ETFs are making clear to the Securities and Exchange Commission that they would not stake ETH held by the funds. Staking ether involves depositing ETH to help secure the Ethereum blockchain — and earning yield in exchange. Tuesday filings by Cboe — the exchange that seeks to list spot ether ETFs by Fidelity, Franklin Templeton, Ark Invest, Invesco and VanEck — indicate that this possibility would be off the table for such funds, if approved. “Neither the trust, nor the sponsor, nor the custodian, nor any other person associated with the trust will, directly…