Author: NBTC

The U.S. Securities and Exchange Commission (SEC) has filed suit against three individuals and five companies for allegedly operating pig butchering scams – a type of confidence-enabled investment scam in which fraudsters befriend victims over text-based social media apps, gain their trust and convince them to invest large amounts of money in fictitious crypto platforms before stealing their funds and disappearing. The two lawsuits filed Tuesday are the SEC’s first enforcement actions alleging this type of crypto scam, and come one day before the U.S. House Financial Services Committee is set to hold a hearing on pig butchering scams. “Relationship…

Ceffu, institutional custody partner for Binance, has deposited a massive Bitcoin (BTC) and Ethereum (ETH) reserves to the exchange. Today, the firm dumped over $93 million worth of BTC and ETH amid market uncertainty. This move sparked concerns around further bearish sentiment for Bitcoin and Ether. Overview of Transactions Undertaken By Binance’s Partner According to Lookonchain, an on-chain tracker, Ceffu deposited 28,865 ETH, valued at $66.74 million, and 450 BTC, worth $26.5 million, into the Binance exchange. Earlier, four days ago, the firm transferred 3,123 BTC, valued at $181 million, to the leading exchange, hinting at alarge-scale selloff. These transactions…

CodexField has announced an exciting partnership with SPACE ID, a pioneering identity platform in the Web3 space. With over 1.3 million users registering over 2.7 million domain names, SPACE ID is establishing itself as a leader in the industry. 🚀 CodexField X SPACE ID 🚀 We’re thrilled to announce our partnership with @SpaceIDProtocol , a one-stop identity platform to discover, register, trade, manage web3 domains. 1.3M+ users have registered more than 2.7M domain names on SPACE ID.🆔 Together, SPACE ID and… pic.twitter.com/z1ppnOoEzC — CodexField | 🇸🇬Token2049 (@CodexField) September 18, 2024 CodexField and SPACE ID will explore new opportunities to develop…

Bitcoin (BTC) has experienced notable volatility recently, reaching its lowest level in over two weeks at $62,498 on August 1. This decline has been attributed to a combination of factors, including reduced expectations of interest rate cuts in the United States and the distribution of 47,000 BTC from the defunct exchange Mt. Gox. Traders are now closely monitoring key support and resistance levels to identify the next significant buying opportunity. In this context, the analyst with the pseudonym Stockmoney Lizards noted in an X post on August 2 that Bitcoin is nearing a critical point, presenting a potential entry point…

According to the latest figures, over the past 38 days, starting from Aug. 10, 2024, the total value locked in decentralized finance (defi) protocols has slipped by $5.07 billion. Despite this decrease, ethereum continues to pour into liquid staking derivative (LSD) platforms, with 29 distinct LSDs pulling in nearly $1 billion worth of ether during this period. $5B Slips From Defi, Yet 400,000 Ether Pours Into Liquid Staking Data from defillama.com shows that 38 days ago, the total value locked in defi was $84.61 billion. As of Sept. 17, 2024, that figure has fallen to $79.54 billion. Yet, LSD platforms…

On Monday, the crypto economy held steady at $2.06 trillion, though it dipped by 2.26% in value over the last 24 hours. Bitcoin experienced a 2.5% drop this past week, while ETH saw a decline of more than 4% during the same period. Despite the downturn, some digital currencies managed to stand out, with superrare (RARE) soaring 164% over the week. The Top Gainers and Biggest Drops in the World of Crypto Markets Though the digital currency market has faced challenges, a few crypto assets posted gains this week, with the top five gainers seeing increases ranging from 17.65% to…

Lawyers representing Alex Mashinsky have argued that he “did not intend to defraud or harm anyone” — and the claims he made in weekly videos to Celsius customers were done in good faith. What Celsius case is about? Celsius Network was one of the biggest casualties of a brutal crypto winter in 2022, with the embattled lender suddenly freezing the withdrawals of 1.7 million customers. The company had suffered from a huge black hole in its balance sheet — and abruptly tipped into bankruptcy, blaming “extreme market conditions.” While founder Alex Mashinsky regularly insisted his platform was “better than a…

The security and protection of user funds is a fundamental responsibility of any cryptocurrency platform. We urge the WazirX team under Zanmai/Zettai to be accountable to WazirX users and compensate them for the funds that have been lost under Zanmai/Zettai management. Their responsibility to WazirX users is unrelated to their dispute with Binance. Their attempts to shift responsibility is a disappointing deflection tactic, but it should not distract anyone from the glaring issue to be addressed here: the need for the WazirX team to be held accountable for user funds lost under their management. On July 18, 2024, the WazirX…

Top 7 ICO, a famous crypto analytics provider, has shared the list of top blockchains in terms of commits as well as development activity over the past seven days. As per the list of Top 7 ICO, the prominent projects take into account Ethereum, Skale, Algorand, Base, Arbitrum, Scroll, BNB Chain, Cosmos, Polygon, and Polkadot. Top Blockchains by Commits and Development Activity in last 7 daysLet’s compare the top blockchains by @github commits and active developers in last 7 days, according to @artemis__xyz, in order to evaluate their current development activity. pic.twitter.com/vCX3vIw2Jd — TOP 7 ICO | #StandWithUkraine🇺🇦 (@top7ico) September…

Ki Young Ju has reiterated in a recent string of tweets that Bitcoin is the best strategy echoing the opinions of Michael Saylor. The cryptocurrency community is united and purposeful because of the emphasis both influencers place on the simplicity, clarity and consistency of Bitcoin’s value. MicroStrategy CEO Michael Saylor has been a well-known supporter of Bitcoin. The graph displaying MicroStrategy’s performance since Aug. 10, 2020, demonstrates the noteworthy returns his company has achieved by implementing a Bitcoin strategy. MicroStrategy is up 1,206%, which is much higher than major indices and assets like Nvidia and Tesla as well as Bitcoin…