Author: NBTC

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…

Many crypto users and investors haven’t been thrilled with Ethereum’s token (Ether) performance over the last two years. With many positive drivers, like successful technology upgrades, scaling solutions, restaking, and the recently approved spot Ether ETFs, most expected these factors to significantly increase demand for the largest smart contract platform’s token. But ether’s price hasn’t delivered. Can we really point the finger at Ethereum, though? Not really. The overall market has recently been choppy. Sentiment is shaky with mixed expectations – despite rate cuts and regulatory support, the market seems distracted by recession fears, rumors of large Bitcoin sales by…

Interesting developments just will not leave Shiba Inu (SHIB) alone as, recently, an anonymous new buyer emerged and literally caused ripples in the background of the popular meme-inspired cryptocurrency. In a series of transfers ranging from $15 to $5.28 million, the unknown large entity managed to absorb about 460.962 billion SHIB, worth about $6.07 million in current prices. As a result, the anonymous large buyer has become the largest SHIB buyer in the last 24 hours. In addition, the address “0x7834,” which absorbed this impressive amount of Shiba Inu tokens became the top address for SHIB inflows over the course…

Revolut is preparing to enter the Indian market next year. The company aims to target high-end consumers in India, the world’s most populous country, as part of its expansion strategy. Revolut first established a presence in India in April 2021. However, it was only earlier this year that the company received an in-principle authorization from the Reserve Bank of India (RBI) to issue prepaid cards and wallets. Paroma Chatterjee, CEO, Revolut India, Source: LinkedIn The company has been testing its products with its over 4,000 local employees. Revolut India plans to launch its app, domestic, and multi-currency cards in 2025.…

Vitalik Buterin, the co-creator of Ethereum, weighed in on the potential of blockchain technology to the modern insurance industry. He stated how much insurance DAOs were “underrated” hinting the sector had immense potential. Modern insurance is generally not symmetric. Consumers pay a fixed premium, and the company shareholders get more if they deny more claims and less if they accept more claims. Two classes of participants. — vitalik.eth (@VitalikButerin) September 19, 2024 The Problem with Traditional Insurance DAO cartographer @owocki took to social media platform X (formerly Twitter) to declare that “insurance is the biggest scam in modern finance.” He…

Yesterday, MicroStrategy announced the purchase of an additional 169 BTC in the past month. Now according to the latest data, MicroStrategy and BlackRock’s Bitcoin ETF, IBIT, together own approximately 569,000 BTC, which is about $36 billion. As of today, MicroStrategy owns 226,500 BTC, which is about $15.06 billion. In comparison, the IBIT ETF holds 343,387.46 BTC, which is about $21.7 billion. Peter Schiff, a well-known crypto skeptic, shared his thoughts on such a large Bitcoin (BTC) portfolio of the two market giants. Schiff suggests it is possible that the companies will have to sell their BTC bags. What if? The…