Author: NBTC

It’s been about 10 months since Sam Bankman-Fried was convicted on seven counts of fraud and conspiracy related to the collapse of FTX. It’s been about six months since he was sentenced (in March) to 25 years in federal prison. In that time, the crypto industry has moved on: markets are up, VC dollars are back, and politicians are once again supporting the industry. Meanwhile, the mainstream media has almost forgotten about the fallen crypto king, SBF himself. So might a judge and jury see SBF’s case differently should it hear evidence from the FTX founder again? That certainly seems…

Ethereum Whale made a big bet by purchasing 2,117.7 ETH worth $5.17 million as the price surged. ETH could soar to the $2,800 level if it closes its daily candle above the $2,485 level. ETH’s long/short ratio currently stands at 1.027, indicating bullish market sentiment among traders. It appears that Ethereum (ETH) is ready to take off, as investors’ and traders’ interest has skyrocketed in the past few days. On September 19, 2024, the on-chain analytic firm Lookonchain posted on X (Previously Twitter) that Ethereum Whale made a big bet by purchasing 2,117.7 ETH worth $5.17 million as the price…

According to the last minute information announced, the FED lowered interest rates by 50 basis points. Before the rate decision, Polymarkets data gave almost equal probabilities for 25 basis point and 50 basis point cuts. CME Fedwatch data priced a 50 basis point cut at 54% and a 25 basis point cut at 46%. Bitcoin price reacted to the interest rate decision as follows: Now, FED Chairman Jerome Powell’s press conference, which will start at 21:30, will be followed carefully. As Bitcoinsistemi.com, we will also convey to you live what Powell conveyed. While it’s been a steady (but grueling) journey…

Avalanche (AVAX) is leading the pack among Real World Asset (RWA) coins in the race to hit a $10 billion market cap. With a current price of $20.35, AVAX has a market cap of $8.04 billion, placing it closest to this milestone. Despite a 3.21% drop in the last 24 hours, Avalanche’s strong ecosystem and the recent launch of applications for its Codebase Season 2 incubator position it for continued growth. This initiative invites builders to apply for a $50,000 non-dilutive stipend and compete for a share of the $1 million prize pool, which is likely to drive further interest…

In a breaking development, Terraform Labs has been approved for bankruptcy liquidation following a US SEC settlement. Terraform Labs received court approval today to wind down its operations as part of bankruptcy proceedings following a settlement with the U.S. Securities and Exchange Commission (SEC). The SEC accused the company of defrauding cryptocurrency investors who lost an estimated $40 billion when Terraform’s TerraUSD and LUAN tokens crashed in 2022. U.S. Bankruptcy Judge Brendan Shannon approved Terraform’s bankruptcy plan during a hearing in Wilmington, Delaware, calling it a “welcome alternative” to protracted litigation over investor losses. Terraform filed for bankruptcy in January…

A new Bitcoin (BTC) price review from Peter Brandt has sparked a whole wave of reactions from the crypto community. Thus, the legendary trader, who has been operating on the financial markets since the 1970s, noticed that for more than half a year, the price of the main cryptocurrency has been consistently printing lower highs. The recent is third in line. Having reached a new price high of around $74,000 in March, Bitcoin failed to break that mark over the following months. Consecutive lower highs can be interpreted as a downtrend. Based solely on this, we can expect that Bitcoin’s…

Ethereum developers have agreed to split Pectra upgrade into two phases. Phase one of the Pectra upgrade will go live in early 2025 and feature a proposal to improve the wallet experience. Ethereum could continue to rally if open interest stays on an uptrend and ETH overcomes the $2,595 resistance. Ethereum is up 6% on Thursday following the recent decision by core developers of the Main chain to split the upcoming Pectra upgrade into two phases. Ethereum core developers agree to split Pectra upgrade into two phases In its Consensus Layer Call on Thursday, Ethereum developers decided to split the…

Tron founder Justin Sun had earlier introduced the new SunPump platform designed to facilitate the creation of meme tokens within the Tron blockchain. And in an August 17th update, he announced the addition of 1 billion energy to address energy exhaustion concerns. .@sunpumpmeme The main reason for the failed launch after maxing the bonding curve was the energy running out. We’ve added another 1 billion energy! The sorting and filtering feature will go live within two hours, by 2 PM SGT today! No lagging issues will occur! — H.E. Justin Sun 孙宇晨(hiring) (@justinsuntron) August 17, 2024 On August 16, Sun…

Stuard Alderoty, Ripple’s chief legal officer, recently took to the X social media platform to praise Rep. Ritchie Torres (D-NY) for showcasing his pro-crypto stance during a recent congressional hearing. The congressman took issue with the SEC’s usage of the controversial term “crypto asset security.” Daniel Gallagher, chief legal officer at Robinhood, has clarified that he does not know any statutes enacted by Congress that mention the term in question. “They certainly created it,” Gallagher said in response to a question about whether or not the SEC invented the term out of thin air. While commenting on this exchange, Alderoty…

Bitcoin’s price actions took a violent turn from yesterday’s quietness as the asset plunged by more than three and a half grand to $63,300. The alternative coins have followed suit, and the total value of liquidated positions has skyrocketed to almost $230 million on a daily scale. The start of the business week was quite positive for the primary cryptocurrency as the bulls drove it to its highest price tag since early June of $70,000. However, the asset had little luck there and was quickly rejected. The retracement drove it south hard, and BTC found itself slipping under $65,500. It…