Author: NBTC

The tokens from the Bitcoin decentralized finance (BTCfi) sector are down 23.4% on average in 2024, according to data from Artemis. This contrasts with the hype shared by investors that the Bitcoin decentralized finance (BTCfi) ecosystem would rise this year. However, Charlie Hu, the co-founder of layer-2 blockchain Bitlayer, highlights that this narrative is far from dead and lists three reasons why BTCfi is lagging behind. “When BRC-20 came out, the market had almost zero hype as a whole. The Web3 space was in a bear market, and there weren’t too many things to talk about in the deep bear…

In a surprising turn of events, the price of the BOOK OF MEME (BOME) token has experienced a sudden drop despite starting the day with a significant surge. At press time, BOME price had dropped by 5.21% over the past 24 hours to trade at $0.01393. Earlier today, BOME price hit a high of $0.01592, instilling confidence in investors speculating on its future price movements following the success of a majority of Solana meme coins. BOME price rises as Solana meme coins soar BOME token has been enjoying a bullish resurgence alongside other meme coins within the Solana ecosystem with…

The wealth distribution in the Mt. Gox bankruptcy estate seemingly mirrors the wealth distribution seen in ‘real life.’ That’s to say, the top 1% own the most bitcoin. This unremarkable statement, however, is a little less descriptive of the Mt. Gox reality than it initially seems. Before long-awaited payouts commenced this summer, one researcher estimated that the top 1% of Mt. Gox creditors were entitled to the vast majority of its recovery. In the subsequent two years, however, some settlements and negotiations have added some nuance to this sensational claim. Most importantly, there have been years of settlement agreements between…

This week’s celebrity meme coin craze took a fresh twist late Tuesday when Australian rapper Iggy Azalea—best known for the hit song “Fancy” a decade ago—launched her own Solana meme coin, MOTHER. And the crypto community broadly appears convinced that Azalea might be a “real one” and not just in it for a quick cash grab. MOTHER has charted massive gains since Azalea tweeted it out on Tuesday, jumping more than 22,000% to a current price above $0.015 and a market cap topping $15 million. More than $150 million worth of the Solana-based token has been traded in less than…

The U.S. Securities and Exchange Commission dropped a three-year-old investigation into Hiro Systems, a blockchain software developer (formerly known as Blockstack) that raised $70 million in token sales from 2017 to 2019, according to a Friday filing. The probe’s conclusion is another win for the crypto industry in its years-long struggle with the regulator and follows news, reported by Fortune earlier this week, that the agency had ended an investigation into stablecoin issuer Paxos. “Based on the information we have as of this date, we do not intend to recommend an enforcement action by the Commission against Hiro Systems PBC,…

The German government’s been quite busy raking in some cold hard cash as it seeks to offload portions of its bitcoin stash. While analysts have been warning about the potential impact of the Mt Gox repayments, the German government’s moves came as a bit of a surprise to some. However, the selling from the German government isn’t enough, at this point, to put a stop to John Glover’s bullish attitude. The chief investment officer of Ledn thinks that bitcoin could top $80,000 — if not higher, with other analysts calling for $100,000 — by the end of the year. That…

Polygon-based Alien Cats clawed their way to the top of the non-fungible tokens (NFT) market on Monday, with a sales performance of US$1.32 million, according to CryptoSlam data. The newly launched NFT sold for US$30,000 per unit but just had 11 unique sellers and buyers each. The second-highest performing collection of the day was π, a BRC-20 NFT collection, with a total sales volume of US$1.12 million, rising from US$418,754 the previous day. Ranking third in daily sales was the DMarket collection, which specializes in virtual in-game items and NFTs on the Mythos network. DMarket achieved a total sales volume…

The Arena, a blockchain-based social token platform, said on Wednesday that a cryptocurrency tied to its project will go live in less than two weeks. “It’s time to lock in,” the project announced in a post on Twitter, adding that its ARENA token is slated to launch “the week of June 10.” Built on Avalanche, Arena lets users trade “tickets” that are tied to individual Twitter accounts. Priced in Avalanche’s native AVAX token, the tickets grant holders benefits like access to private chat rooms or viewing certain posts. The project is comparable to friend.tech as an attempt to merge social…

Binance has been scheduled to face face tax evasion charges in Nigeria on October 11, marking a significant legal battle for the cryptocurrency giant, Reuters reported. The crypto exchange is accused of failing to register with Nigeria’s Federal Inland Revenue Service for tax purposes, among other counts. During a recent hearing, Binance’s representative Ayodele Omotilewa pleaded not guilty to all charges before Judge Emeka Nwite. While similar charges against two Binance executives were dropped in June, they still face separate money laundering allegations, which they deny. Nigeria has linked its currency challenges to Binance, attributing some of its economic issues…

ARK Invest chief executive Cathie Wood believes Bitcoin (BTC) is only halfway through its current bull market cycle. In a new interview with science and tech entrepreneur Peter Diamandis, Wood says that ARK believes that parabolic rallies may signal that the end of the bull market is near. “We have four people at ARK who are working on crypto generally, one dedicated to Bitcoin on-chain analytics. And judging by those, we are, we believe, halfway through this bull market. And halfway doesn’t mean we’re halfway through the price increase, because, you know, at the end of a bull market prices…