Author: NBTC
In late February, the Nigerian government let it be known that it thought $26 billion had illegally moved through Binance out of the country in 2023. This estimate was made by the country’s central bank governor, who said the nation was losing out on taxes from unregistered crypto activity. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here. A few days later, authorities in the country invited two Binance executives — Tigran Gambaryan, who runs the exchange’s financial crime…
Oasis Network, a prominent platform that offers a Web3 privacy layer, has announced the release of the Desert Owl. The respective project will play the role of an option regarding the formal Oasis Mascot while the owl symbolizes knowledge. The firm took to its official account on the social media forum X. In its recent post, Oasis Network persuaded the consumers to vote between Desert Owl, Fennex Fox, as well as Capybara. Introducing the desert owl, one option for the official Oasis Mascot!A wise owl with scrolls in its claws, symbolizing the knowledge pioneered by the Oasis Network ✨Vote between…
In a recent Bloomberg TV interview, Michael Novogratz, the founder and CEO of Galaxy Digital, forecasted that the flagship cryptocurrency might experience a temporary dip before it surges to new heights. Novogratz, a seasoned investor in the cryptocurrency space, believes that Bitcoin might retract to the mid-$50,000 range amid a broader consolidation phase after its impressive rally that saw a more than 40% increase this year. As reported by U.Today, the rally was largely fueled by the successful launch of Bitcoin exchange-traded funds (ETFs). The digital currency was trading at around $60,700 at the time of the interview, riding the…
Cryptocurrency exchange OKX and Immutable (IMX), one of the most well-known gaming-themed altcoins, announced that they have established a strategic partnership. This collaboration includes the launch of a GameFi NFT Launchpad and the integration of Immutable’s gaming-centric zkEVM chain into OKX Marketplace and OKX Wallet. Robbie Ferguson, Immutable’s Co-Founder and President, expressed his pleasure about the partnership: “Collaborating with OKX aligns with our mission to bring digital ownership to every player in the world. “OKX’s strong ecosystem and cutting-edge technology, combined with Immutable’s Web3 gaming expertise, enable us to deliver new gaming experiences to millions of gamers around the world.”…
Over the last year, zkSync Era has implemented the Boojum Proof System. According to L2Beat, zkSync Era is presently ranked third for L2 performance. The zkSync Era Ethereum Layer-2 scaling protocol has celebrated its one anniversary by showcasing its accomplishments in the last year of competing in the L2 arena. Using the twitter platform, the protocol said that since its inception on March 24, 2023, it has made many advancements, including delivering the ZK Stack, a modular foundation for creating sovereign hyperchains. Significant Advancements Over the last year, zkSync Era has implemented the Boojum Proof System to assist its validators…
Polkadot (DOT) has announced the launch of its long-anticipated community coin PINK, according to the latest information shared with Finbold on March 21. With a total supply capped at 2,300,001,221, a nod to Polkadot’s RGB color code, PINK will launch on Polkadot AssetHub. PINK distribution To ensure equitable distribution, the coin has been distributed to leading parachains (12.5% of the supply) and 14 communities that proved pivotal in promoting the Polkadot ecosystem. Moonbeam users will receive the largest share of the airdrop, followed by Bifrost and Astar (ASTR). Each parachain has the autonomy to distribute its portion as it sees…
Binance Academy, the arm of Binance dedicated to cryptocurrency education, has teamed up with BNB Chain, the largest layer-1 blockchain platform, to introduce an innovative online course titled BNB Chain Developer Specialization, according to the information shared with Finbold on March 25. The aim of the initiative is to provide new Web3 software with the skills necessary to foster growth in the realms of Web3, cryptocurrency, and technology. The program is a result of the growing demand for proficient Web3 developers and a desire to cultivate a larger pool of talent capable of driving innovation within the industry. No prior…
Alex Thorn, head of firmwide research at Galaxy Digital, recently expressed skepticism about the approval of spot Ethereum ETFs in May. The Securities and Exchange Commission’s (SEC) failure to actively engage with ETF applicants and recent subpoenas issued to cryptocurrency firms regarding their dealings with the Ethereum Foundation have cast a shadow of doubt over the approval, according to the analyst. Fortune reported this week that the SEC was “waging an energetic legal campaign” to classify ETH as a security, citing U.S. companies that have received subpoenas related to an investigation. Thorn, a former Fidelity Investments employee, said that if…
Crypto traders are transitioning from Solana-based meme tokens to the growing market of Coinbase’s Base meme coins. This movement reflects a broader trend in the industry, where liquidity and market sentiment drive investment decisions. From Solana to Base Meme Coins Rekt Fencer is a seasoned analyst who reportedly amassed over $1 million through Solana meme coins. He is leading the charge toward Base tokens. Fencer’s transition is not only a change of blockchains but a testament to the hype around cryptocurrency investments. He also emphasizes the untapped potential of Base tokens, which could yield high returns. Likewise, another analyst under…
A couple months out of bankruptcy, bitcoin mining giant Core Scientific remains “hyper-focused” on de-leveraging its business and scooping up machines after the Bitcoin halving. Core Scientific CEO Adam Sullivan told Blockworks the company is gearing up its balance sheet to refresh its fleet with per-block mining rewards set to be cut in half next month. Mining rewards are set to drop from 6.25 BTC to 3.125 BTC in late April due to a Bitcoin halving event that happens roughly every four years. The occurrence is expected to put a segment of the industry’s companies under financial stress. At that…