Author: NBTC
In today’s volatile cryptocurrency market, Axelar’s AXL token has surged by an impressive 81% following the announcement of its listing on Binance, the world’s largest cryptocurrency exchange. The listing news, which came directly from Binance, triggered a flurry of trading activity, propelling AXL’s price to $2.73 per token, marking an astonishing increase from its pre-announcement level of $1.49. The rapid price movement is a common occurrence associated with Binance listings, as traders anticipate increased liquidity and exposure. Notably, one trader capitalized on the news, making a substantial profit of $56,028 within just eight minutes of the listing announcement. This trader…
The Russian government is planning to build a platform that will allow the nation’s law enforcement agencies to seize and hold crypto they confiscate from criminals. Per the newspaper Izvestia, the platform is the brainchild of the Russian Minister of Internal Affairs Vladimir Kolokoltsev. Russian Government Seeks Way to ‘Store’ Confiscated Crypto The newspaper wrote on March 18 that it had seen an official document that contained instructions for the Ministry of Finance. The document reportedly informs the ministry that it must “look into” ways to create the new platform. The ministry must report on its efforts by October 1,…
In the realm of digital finance, the importance of seamless transactions and capital efficiency cannot be overstated. Users of the Polygon Proof of Stake (PoS) network are experiencing a noteworthy enhancement in their transactional dealings as the platform commences the initial stage of integrating native US Dollar Coin (USDC) into its ecosystem—a move set to refine the user experience and financial fluidity significantly. A Shift Towards Streamlined Efficiency Originally launched on the Polygon PoS network in the previous autumn, native USDC was introduced as an answer to the community’s call for a more efficient and user-friendly experience. This integrated form…
With institutional interest surging and technological advancements paving the way, the demand for Bitcoin is unprecedented. This surge in demand and finite supply could result in a staggering 6,300% price rally over the next 15 years. Growing Institutional Demand for BTC The simple yet profound principle of supply and demand is at the heart of this prediction. Bitcoin’s architecture ensures that only 21 million BTC will ever be minted. Today, approximately 93.5% of these have already been mined. This scarcity is a key driver behind Bitcoin’s value proposition. Michael Saylor, co-founder and executive chairman of MicroStrategy, emphasized that miners will…
Doubts arise over VeChain’s historical milestones’ actual impact. Tools developed, but enterprise adoption remains a challenge. The VeFam bring their concerns to Sunny Lu hoping for transparency. In a recent post, a seasoned VET holder voiced concerns over VeChain’s developmental milestones. This prompted reflections on the blockchain’s journey and future. In detail, the holder breaks down his concerns in a long TwitterX thread. My Concerns with VeChain as an OG VEN Holder +X-Node:[ Thread 🧵] — Binks (@_CryptoBinks_) February 29, 2024 He starts off with a closer look at the blockchain’s timeline. Specifically, the holder questions the impact of historical…
The Argentine Senate passed a law that creates a registry for any institution that offers cryptocurrency services in the country. The CNV, the Argentine securities enforcer, will manage this registry, which also establishes obligations for crypto companies to deliver personal information on their customers and other data to government entities. Argentine Senate Passes Crypto Anti-Money Laundering Law Argentine lawmakers introduced new requirements for virtual asset services providers (VASPs) operating in the country. In a session on March 14, the Argentine Senate unanimously voted to pass a law that amends the current regulatory framework for cryptocurrency exchanges and other crypto-related companies…
In a revolutionary remark, Coinbase director Conor Grogan, who goes by the name “Conor” on X, has envisioned a future where cryptocurrency stands shoulder-to-shoulder with digital payment giant Visa as blockchain transactions reach an astonishing 117 million. Conor came to this deduction after observing 117 million transactions across 46 layer-1 and layer-2 blockchains within 24 hours. Conor believes that, collectively, cryptocurrency has the potential to compete with trad-fi rails like Visa. He envisages 117 million transactions as the least there could ever be. Over a 24 hour period this weekend, there were 117 million transactions across 46 L1 and L2…
The price of Bitcoin (BTC) now trades at an all-time high against the Canadian dollar roughly seventeen months after the nation’s leader slammed digital currencies as an “irresponsible” investment. The asset soared to over $91,500 CAD when the stock market opened on Monday, shattering its previous record of $86,954 established on November 10, 2021. Ten months later, a slew of high-profile corporate crypto failures sent BTC crashing back to $26,000 CAD, which made a great headline for its political detractors. Bitcoin Is Back In Canada “Telling people they can opt out of inflation by investing their savings in volatile cryptocurrencies…
The Department of Justice filed dozens of victim impact statements from FTX creditors on Monday. The statements are intended to support the DOJ’s sentencing memo for Sam Bankman-Fried. FTX’s creditors say the exchange’s 2022 collapse “robbed [them] of [their] financial security,” exacted an “emotional toll,” and “created a sense of insecurity and mistrust toward the financial system,” they said in a series of victim statements filed in founder Sam Bankman-Fried’s criminal case. The Department of Justice filed dozens of victim impact statements from FTX creditors Monday before Bankman-Fried’s sentencing next week. These victims hail from around the world, and the…
Elixir Games, a prominent Web3 gaming platform supported by Square Enix, has unveiled plans to integrate the $LITT token into two of its hit games, Tinies and No Way Back. Developed by LitLab Games, these integrations are set to roll out in April 2024, promising significant infrastructure enhancements and improved liquidity for players.—The $LITT token has already made waves in the Web3 gaming sphere with its successful debut in CyberTitans, an auto-chess title. Its integration into Tinies and No Way Back marks a strategic move by Elixir Games to bolster its lineup of innovative projects and pave the way for…