Author: NBTC

FTX and trading firm Alameda Research will pay $12.7 billion to creditors after the approval of a consent order by a New York judge, ending a lawsuit from the Commodity Futures Trading Commission. The order bans FTX and Alameda from trading digital assets and acting as intermediaries in the market, but does not include civil penalties. Defunct crypto exchange FTX and trading firm Alameda Research will pay $12.7 billion to creditors as a New York judge officially approved a consent order on Wednesday, ending a 20-month-long lawsuit from the Commodity Futures Trading Commission (CFTC). United States District Judge Peter Castel…

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced an unprecedented milestone, achieving an all-time high daily trading volume of over 107 billion earlier this week. This remarkable figure represents a staggering four times increase compared to Bybit’s daily average trading volume of 25 billion, solidifying its position as the world’s second-largest cryptocurrency exchange. The record-breaking volume was driven by robust trading activities across a diverse range of products, including perpetuals, futures, spot, and options. Bybit’s unwavering commitment to providing a superior trading experience, coupled with its robust platform infrastructure, has been instrumental in driving this exceptional growth.…

Major tokens experienced a significant drop of up to 7.5% in the past 24 hours, with Bitcoin losing 3% and other major cryptocurrencies such as Ethereum, Cardano, and Solana also seeing declines. The decline led to the liquidation of over $150 million in bullish bets, attributed to factors including large sales from Bitcoin miners, the German government moving a significant amount of BTC to exchanges, and the broader market sentiment influenced by these movements. Major tokens slid as much as 7.5% in the past 24 hours as bitcoin (BTC) reversed last week’s gains causing over $150 million in bullish bets…

With global financial markets experiencing a sharp decline in the last two trading sessions, all eyes turned to the FED. Last week, the FED decided to keep interest rates constant between 5.25% and 5.5%. While industry observers predicted a 50 basis point cut at the September meeting, recent economic data and macroeconomic factors have led some experts to call for an immediate rate cut. Jeremy Siegel, professor emeritus of finance at the Wharton School of Business at the University of Pennsylvania and chief economist at WisdomTree, called for an immediate 75 basis point cut in the federal funds rate, followed…

Cardano’s Stake with Pride calls attention to three conditions necessary for the pivotal Cardano Chang hard fork to occur. The Cardano blockchain is on the verge of one of its most significant upgrades to date, the Chang hard fork. With discussions surrounding the update making headlines, Stake with Pride, a notable Cardano stake pool operator (SPO), recently outlined three critical conditions necessary for this upgrade to take place. The Cardano hard fork will occur after these 3 things are met: 1. 70% of SPOs upgrade to v9.1 (which is not out yet), not v9.0 2. 7 ICC Councils create replacement…

The conclusion of the Ripple vs SEC lawsuit brings XRP a sense of relief and regulatory clarity. However, according to Versan Aljarrah, the Founder of Black Swan Capitalist, several critical questions still need immediate attention despite the legal battle ending. Here’s a deep dive into this interesting take. The end of the #Ripple lawsuit and the regulatory clarity of #XRP bring me relief. However, with the #legal battle concluded, several issues still demand IMMEDIATE attentionFirst, the #SEC lacked the legal authority to pursue #Ripple from the start, as there was no LEGAL… pic.twitter.com/3OEPIph41F — Black Swan Capitalist (@VersanAljarrah) August 8,…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Notcoin’s latest venture ushers in a new era for Telegram-based crypto gaming with a story-driven, NFT-powered experience. 2024 has certainly been a great year for the web3 gaming space. One of the standout projects has been Notcoin, which has racked up millions of dollars in revenue and a horde of users. The clicker game got over 20 million players in just a month of launch and showed that crypto gaming has been going in a new direction. This is…

Leading crypto exchange LBank heaps praises on Shiba Inu (SHIB), Dogecoin (DOGE), and Neiro Ethereum (NEIRO), describing them as the ultimate crypto trio. The top exchange made the disclosure yesterday. According to an X post, LBank asked its followers to indicate whether the so-called “ultimate crypto trio” will champion the resurgence of the memecoin market. Can NEIRO Replicate SHIB and DOGE Rally This Season? LBank’s characterization of SHIB, DOGE, and NEIRO as the ultimate crypto trio is a remarkable feat for the Neiro project, given its relatively newer presence compared to SHIB and DOGE. NEIRO has been causing a stir…

European digital asset investment firm CoinShares reported financial results for the second quarter of 2024 today (Tuesday), building on the momentum from Q1 and announcing a special dividend following the successful recovery of its FTX claim. However, the report indicates that FlowBank’s collapse negatively impacted the company’s “principal investments,” ultimately consuming the vast majority of total revenues. The company posted asset management revenue of £22.5 million for Q2 2024, more than doubling from £10.7 million in the same period last year. Total comprehensive income surged to £25.8 million, up from £5.3 million in Q2 2023. Adjusted EBITDA also saw significant…

Worldcoin (WLD) is set to accelerate its token unlock schedule, increasing selling pressure on the WLD market price. According to data from Token.Unlocks, 6.62 million WLD tokens valued at $12.91 million will be released into the market by July 24. Currently, the market experiences a regular influx of 3.19 million WLD tokens, valued at $6.23 million, distributed to community members. This unlock schedule was established last year after the project’s launch, with 500 million coins allocated for community distribution. In just the past week, 22.35 million WLD tokens, worth over $39.12 million, have been released into the market, accounting for…