Author: NBTC

In a recent turn of events, rumors have circulated regarding OKX Founder Star Xu’s arrest by American authorities. However, Xu has refuted the claims by posting messages on his official X account. Chinese crypto journalist Colin Wu recently shared an X post, providing updates on the rumors surrounding the United States’ scrutiny over OKX Founder. According to Wu’s X post, Xu has shared three X posts in an attempt to dismiss the rumors. The reporter also shared insights on similar rumors that were frequent after Binance founder Changpeng Zhao’s prosecution in the US. There are rumors in the Chinese community…

Crypto analytics firm IntoTheBlock revealed in its weekly newsletter that over 97% of Bitcoin holders are “in the money.” This level of profitability has not been seen since November 2021. During the last instance of such widespread profitability, Bitcoin’s price was approximately $69,000, close to its all-time high. This significant percentage of profitable addresses reduces the impact of selling pressure from users looking to break even. The firm’s methodology involves comparing the average purchase price of Bitcoin held in any address against its current market value. Addresses are classified as “in the money” if the current price of Bitcoin is…

Coinbase’s trading volumes are booming in the first quarter, JMP Securities said. The broker sees just as big an opportunity coming from the exchange’s ancillary businesses. JMP has a market outperform rating on the stock with a $300 price target. Coinbase (COIN) is more than just a crypto exchange, and momentum is continuing to build in its ancillary businesses, JMP Securities said in a research report Thursday. “We still estimate material growth opportunities in the exchange business as the market matures, with rising prices generally correlating with activity,” analysts led by Devin Ryan wrote. JMP notes that Coinbase’s daily spot…

ShimmerSea becomes MagicSea, a leading DEX and NFT marketplace on IOTA EVM, offering real yield for token holders. A major protocol upgrade introduced the Liquidity Book, enhancing DeFi’s trading experience and competitiveness. In an announcement in a post on X, ShimmerSea, a decentralized exchange (DEX) and NFT marketplace, announced that it is undergoing a transition. This change, which led to the project’s rebranding as MagicSea, is significant for both the community and the initiative. MagicSea is positioned to emerge as the leading multi-chain DEX and NFT marketplace by leveraging IOTA technology, opening up new opportunities for DeFi fans across the…

The European Union Parliament has taken a significant step by outlawing unidentified self-custody crypto wallets for making payments across the region. A recent social media post by Patrick Breyer, an EU Parliament member, revealed that the ban received approval from most of the parliament’s leadership committee on March 19. This move is part of the EU’s broader anti-money laundering (AML) legislation. How Europe’s New AML Regulations Impacts Crypto The new regulations ban all anonymous crypto payments and cash transactions above certain limits. Specifically, they prohibit cash payments exceeding €10,000 or anonymous cash transactions beyond €3,000. The ban also targets self-custody…

Top exchange BlueBit integrates Shibarium to allow users to deposit and withdraw Shiba Inu ecosystem tokens, including SHIB, LEASH, and BONE, through the network. The growing interest in Shiba Inu’s L2 blockchain Shibarium does not seem to be ending anytime soon, as another top exchange adds support for the network. BlueBit is the latest crypto exchange to integrate support for Shibarium. Yesterday, the exchange tweeted that Shibarium had successfully integrated into its platform. The exchange anticipates that the integration will foster a stronger bond between the Shiba Inu and BlueSparrow communities and pave the way for more remarkable accomplishments. Shiba…

The price of Bitcoin (BTC) is likely to witness mild correction after its recent parabolic run, but the current address holdings form a formidable support that might stabilize any negative volatility. After a period of uptrend, a correction is often the next feasible direction. For February, the price of Bitcoin jumped by more than 47%, hitting a high of $63,913.13 and sending more than 95% of its addresses into profit. Per data from IntoTheBlock, Bitcoin currently has strong support with minimal resistance placing it at a bullish position at the moment. Formidable Bitcoin Acquisition Zone According to data pointed out…

Last Monday, an on-chain photo of a puppy in a knit beanie sold for slightly more than $4.3 million. While such a statement might sound absurd—and this might not make a huge difference—the dog featured in the photo was no random hound, but Achi: the Shiba Inu from the iconic Dogwifhat internet meme. At over $4.3 million, the Achi NFT became the most expensive meme NFT ever sold. But it was hardly the first. For years, the healthy overlap of internet and crypto cultures has spawned NFT incarnations of some of the most famous memes of all time. Here’s a…

Electric Capital, a web3 venture capital firm, is delving into the analytical aspect of the NFT market to address two unresolved issues. In an X thread on Mar. 22, Electric Capital founder Avichal Garg unveiled a new analytical platform designed to address the scarcity of cross-chain data and transparency within the turnover of digital collectibles. 1/ Announcing NFT Pulse!https://t.co/rcIdebM3Q2At @ElectricCapital we kept asking NFT questions but had 2 problems:A. data sources were susB. data was not cross chainWe built a v1 on @AlliumLabs data & are opening the dash publicly. Feedback is appreciated!Fun charts👇 — Avichal – Electric ϟ Capital…

Sam Altman-backed Worldcoin has met skepticism for its eye-scanning Orb, a device it uses to create biometrically unique accounts for its more than four million users. But in a show of transparency, Worldcoin is making the core software undergirding the Orb open source to the public, they announced in a blog post Friday morning. The Orb’s transition to open source has been a gradual one. Worldcoin had previously released details on the device’s hardware and made its iris recognition component open source, but hadn’t given the public details about its main software. This latest open-sourcing of the Orb’s core functionality…