Author: NBTC
Sam Bankman-Fried, the disgraced founder of the collapsed FTX crypto exchange, seemingly intended to rehabilitate his image by appearing on Tucker Carlson’s show and criticizing the “woke agenda.” On March 15, a Google Document titled “random probably bad ideas” surfaced as part of Bankman-Fried’s prosecutors’ sentencing submission. Bankman-Fried’s lawyers, meanwhile, are advocating for a 50-year prison sentence as opposed to the maximum sentence of 115 years in prison. With a 50-year sentence, Bankman-Fried would be 82 years old at the time of release. Noteworthy among the suggestions on Bankman-Fried’s list of “random” ideas was the proposal to sit for an…
Bitcoin’s financial footprint has expanded significantly, with its market cap now exceeding that of Meta (formerly known as Facebook). This marks a significant moment in the digital asset’s journey, placing it just behind six of the world’s most substantial publicly traded companies, including tech giants and an energy titan. The investment darlings The unprecedented surge in Bitcoin’s market cap comes amid a broader rush of investments into tech stocks and cryptocurrencies. According to a report from Bank of America Global Research, investors have recently injected the most capital into technology stocks since last August. The investment landscape is notably tilting…
MANILA, Philippines – In a move aimed to attract and enhance investment into the Philippines, the Philippine Economic Zone Authority (PEZA) announces its official partnership with Asian Consulting Group, the country’s first tax hub for top corporations. This collaboration solidifies PEZA’s commitment to actively promote the ecozones, both domestically and internationally, as premier investment destinations. Together, the two organizations will work hand-in-hand to showcase the Philippines’ potential as an economic powerhouse and encourage stakeholders by promoting multiple areas in the country as a great place to open businesses. One of the cornerstones of this launch is through ACG’s annual International…
While the rally in Bitcoin mobilized all altcoins, it also mobilized mem tokens, especially Dogecoin. At this point, while meme tokens such as DOGE and PEPE were making significant increases, a smart whale also evaluated this rally and sold PEPE. The whale, which recently sold its entire 1.97T PEPE ($6.07 million), made a profit of $3.49 million from its PEPE investment. The whale, who bought Shiba Inu (SHIB) with some of this money, continued his purchases and added Sandbox (SAND), GALA and Decentraland (MANA) to his portfolio. According to Lookonchain’s post, 75.9 billion SHIB (valued at $893 thousand), 1.6 million…
Baar, Switzerland — TOKI, a leading provider of IBC-enabled cross-chain infrastructure, has made history by facilitating the first-ever cross-chain transfer of an ERC20-compatible stablecoin backed by multiple Japanese banks from Ethereum (Sepolia) to BNB Chain testnets using IBC.—What is IBC? IBC, or Inter-Blockchain Communication protocol, serves as the backbone of blockchain interoperability, enabling secure and permissionless cross-chain interactions among over 110 blockchain networks. With a monthly asset transfer volume of $2.7 billion, IBC has emerged as the go-to solution for seamless interoperability in the enterprise space, backed by the Interchain Foundation’s commitment to its development.TOKI, equipped with IBC-enabled cross-chain infrastructure,…
Bitcoin price has touched highs of $68,000 on Coinbase. The Bitcoin market cap has surpassed that of Meta Platforms, rising to $1.32 trillion compared to $1.27 trillion. Bitcoin’s incredible rally over the past few days has extended with another huge upside today. After retreating to lows of $61k last week, Bitcoin price rose more than 7% in 24 hours to hit highs of $68,000 on crypto exchange Coinbase on Monday. The surge saw BTC add more than $4,100 to its value, with the leading cryptocurrency closing in on its all-time high reached in 2021. During that bull cycle, the price…
The government of Taiwan has acknowledged the cooperation Binance has offered to domestic law enforcement agencies. According to local reports, Binance is the only offshore exchange that assists the government in dealing with virtual asset fraud cases, allowing authorities to access the accounts involved in these actions and deposit the assets derived from these schemes. Taiwan Mentions Binance’s Cooperation in Virtual Asset Fraud Incidents Taiwan is currently cracking down on virtual asset investment fraud, tightening the compliance steps that cryptocurrency platforms must follow. As part of an investment control mechanism, 9 cryptocurrency exchanges cooperate with Taiwan’s Ministry of Interior to…
EMURGO, a pivotal entity in the Cardano blockchain ecosystem, has announced a strategic investment in NMKR, a provider of NFT and tokenization services. The investment will support NMKR in scaling its business including building the new tokenization launchpad finest for businesses to issue compliant security tokens, upgrading its tokenization tools & features, expanding its global team, and other objectives.—NMKR’s platform facilitates the digital tokenization of real-world assets, a crucial step in the growing market for tokenized assets, which is projected to reach $10 trillion by 2030. By investing in NMKR, EMURGO aims to support efforts to democratize access to tokenized…
Bitcoin hit a $67,500 high Monday, and is rapidly approaching silver’s $1.35 trillion market capitalization. Ether topped $3,600 for the first time since January 2022 amid strong institutional demand. BlackRock’s bitcoin ETF saw another busy trading day, recording over $2 billion in volume before market close. Bitcoin (BTC) continued to knock off $1,000 milestones Monday, surging past $67,000 and nearing not just its own record high of $69,000, but the $1.35 trillion market capitalization of silver. The largest and oldest crypto asset broke out from its week-long sideways consolidation capped below the $64,000 level, hitting $67,500 during the U.S. trading…
Clone, an open-source protocol facilitating the trading of non-native tokens on Solana’s blockchain, announced the launch of its public mainnet featuring Clone Markets and Clone Liquidity, according to the information shared with Finbold on March 1. The launch marks the arrival of highly liquid markets for non-native assets through Clone’s ‘cloned assets’ (clAssets), promising more accessible and smoother trading on Solana’s platform which already leverages fast transaction processing and low fees. What does SUI mean for Solana? Despite the scope and activity of its DeFi ecosystem, Solana still lacks a dependable spot trading environment for non-native tokens, as users have…