Author: NBTC

Detained American Binance executive Tigran Gambaryan had to be pushed into a Abuja, Nigeria courtroom today in a wheelchair after a herniated disc in his back left him in severe pain and “hardly able to walk,” according to a Monday report from his family. Gambaryan’s health has steadily deteriorated since he was detained in Nigeria in February. At first, Gambaryan was placed under home detention but was later transferred to the notoriously dangerous Kuje prison – which holds violent criminals including members of the Boko Haram terrorist group – after his colleague and fellow detainee, British-Kenyan citizen Nadeem Anjarwalla, escaped.…

Bitcoin is up 7% over the last five days. You know what that means? Bitcoin mining is so back (until bitcoin’s price falls 5% over a five-day stretch again, after which it’ll be so over again). With bitcoin’s price surge, the stock prices of four of the five largest publicly traded miners (measured by total hashrate, or computing power spent securing the Bitcoin network) are up double-digit percentage points. The one laggard, Iris Energy Ltd (IREN), the fifth largest in this quintet, is down 15% following a report published last week by Culper Research in which the firm disclosed a…

\Nostra, a famous crypto Super App operating under Starknet, has announced the release of its new project. As per the platform, it has officially launched Nostra Bridge in partnership with Layerswap (a prominent crypto company facilitating transactions across networks). The platform took to its official social media account to offer insights into this latest development. Nostra Bridge Goes Live in Partnership with Layerswap In its recent X post, Nostra expressed its enthusiasm for the new initiative. It mentioned that Layerswap is powering the unique Nostra Bridge. The new project permits consumers to securely and matchlessly transact their assets across more…

The dollar value of Bitcoin remains extremely volatile. Although there were signs of recovery over the weekend, the value tumbled this morning (Monday) as the Asian markets opened. What is the cause of this dip? Is it due to the expected repayment from Mt. Gox or the Germans offloading their Bitcoin stash? Additionally, the US Feds’ decisions on rate cuts cannot be ignored. A Bloody Week Bitcoin peaked at almost $74,000 earlier this year, boosted by the approval of the long-awaited spot Bitcoin exchange-traded funds (ETFs) in the United States. However, due to periodic volatility, the cryptocurrency is trading around…

IntoTheBlock, a leading market intelligence platform, has recently highlighted the emerging trend of leveraged restaking within the decentralized finance (DeFi) ecosystem, particularly on the Linea network. Leveraged restaking, which combines the benefits of traditional staking with leverage, allows users to maximize their potential rewards through airdrops and staking returns. This method has gained traction as Layer 2 solutions and other blockchain protocols increasingly incorporate Leveraged Restaking Tokens (LRTs) to enhance their offerings. Leveraged Restaking On Linea🧵Leveraged restaking has become a popular strategy to earn airdrops from LRTs on top of leveraged staking rewards. L2s and their protocols have taken advantage…

Sportsbook and gaming operator Rivalry today announced the Rivalry Token (RVLRY) a native crypto token designed to augment functionality and user engagement within its suite of products. The token’s launch, expected in the latter half of 2024, marks a strategic move to solidify Rivalry’s position in the crypto-gambling sphere and cater to its primary demographic of bettors under 30. “Online gambling is the latest web-based consumer category being increasingly disrupted by blockchain technologies with greater speed, access, and functionality than their legacy counterparts,” said Steven Salz, co-founder and CEO of Rivalry. “Tech-savvy bettors are leading a behavioral shift towards more…

South Korea’s ruling People’s Power Party has proposed delaying the implementation of a 20% tax on cryptocurrency trading profits until 2028. The proposal, introduced last week, comes amid concerns that a rapid implementation of taxes could alienate Korean investors from a crypto market already plagued by negative sentiment. The proposed tax rules would require investors to pay a high tax on earnings exceeding 2.5 million won (about $1,800) annually. This is in stark contrast to the capital gains tax on stock trading in South Korea, which applies only to profits exceeding 50 million won (about $36,000). This discrepancy has drawn…

Hedera, renowned for its decentralized and leaderless proof-of-stake network, announced a significant transition within its governance structure today. DBS Bank, a key player from Southeast Asia and a foundational member of the Hedera Council, officially concluded its three-year tenure. This change marks a pivotal moment in Hedera’s governance, emphasizing the platform’s dynamic and evolving nature, designed to incorporate a rotating ensemble of global leaders across various sectors. From its inception, Hedera has been distinctive for its council-based governance model, which aims to ensure a broad, decentralized, and diverse decision-making process. The inclusion of term limits for council members is a…

Bitcoin (BTC) has been hovering in the bearish zone after a series of massive selloffs triggered a market-wide downturn. BTC is up by 0.6% in the past 24 hours and is trading at $58,180 at the time of writing. The asset’s market cap is sitting at $1.14 trillion. Data shows that the BTC daily trading volume increased by 42%, reaching $29.5 billion. BTC price, whale activity, RSI and open interest – July 8 | Source: Santiment According to data provided by Santiment, the Bitcoin total open interest dropped from $10.29 billion to $10 billion over the past day. The decline…

VeChain has concluded round 12 of its voting round pending the mainnet launch of VeChain’s VeBetterDAO. It is reported that 2,200 people were involved in the voting round with 67,000 B3TR tokens allocated on multiple Decentralized Applications. VeChain’s (VET) VeBetterDAO has officially concluded the 12th round of its voting exercise days after completing a successful testnet launch. According to VeChain, this round of voting had 2,200 people participating in the effort to allocate 67,000 B3TR tokens across seven decentralized applications. Interestingly, the last round of voting on the testnet is expected to be finalized on June 16 with the VeBetterDAO’s…