Author: NBTC

A recent spree of meme coins launched by celebrities on Solana sparked a discussion in the crypto community on spreading crypto awareness among the mainstream, as all the efforts this week showed insider trading signs. As reported by Crypto Briefing, the on-chain data tracker Bubblemaps identified “huge insider activity” on the token Mother Iggy (MOTHER), as an address accumulated the token before Australian rapper Iggy Azalea promoted the meme coin via her X profile. The insider amassed a $2 million profit. The same happened with the token JENNER, promoted by former athlete Caitlyn Jenner, who started this celebrity-tied token movement.…

Weeks after President Joe Biden vetoed a bill passed by both chambers of Congress that would finally allow American banks to hold crypto assets, the legislation is back on Capitol Hill—where lawmakers hope to pass it once again, this time with a veto-proof supermajority. If both the House and the Senate were to pass the bill—a repeal of the Staff Accounting Bulletin No. 121 (aka SAB 121) rule of the U.S. Securities and Exchange Commission (SEC)—the achievement would have massive implications for the U.S. banking industry. It would also send an unmistakable message to the White House that America’s fractured…

Northern Data Group reported a net revenue of €77.5 million for the 2023 fiscal year, down from €193.3 million in 2022. The firm’s total income for the period stood at €111.0 million, compared to €249.5 million in the previous year. The company’s adjusted EBITDA stood at negative -€5.5 million, aligning with market expectations, following substantial investments in HPC applications and infrastructure. Northern Data said it expects revenue to grow 3x in 2024 to €200 million and €240 million. It further projected another 2x growth to €520 million to €570 million in 2025. The group also described plans to invest €140…

The Crypto Council for Innovation has highlighted the positive impact of web3 in rural India through a case study that demonstrated improved water access. Decentralized solutions, like those implemented by Atlantis DAO, are transforming water availability and creating economic opportunities in drought-prone regions. Over 80% of participants reported better access to clean water, and new jobs were created within the community, enhancing cooperation and ownership. Web3 Solutions Transform Water Access in Rural India The Crypto Council for Innovation showcased on Wednesday the tangible benefits of web3 through a case study in rural India, where water availability has dramatically decreased. According…

Gold bug Peter Schiff recently called Bitcoin “a fraud” while responding to a video clip posted by MicroStrategy co-founder Michael Saylor. The video clip posted by Saylor features typical talking points about the U.S. dollar losing its purchasing power and the financial system being on the verge of collapse. Then, it takes a turn toward full-blown evangelism, with Bitcoiners borrowing concepts from the domain of religion. “Anyone can be part of the Bitcoin economy. It’s like a good church,” venture capitalist Tim Draper said. “Because it’s an ethical ideology, there are many people who feel very spiritual about it,” Saylor…

Anthony Scaramucci’s SkyBridge Capital has restricted client withdrawals from its crypto-focused hedge fund, even though the fund’s performance has improved significantly. Scaramucci’s SkyBridge Limits Customer Exits Despite Crypto Ripple Investors who own about 70% of the fund’s shares had requested withdrawals during the last period ending in March, according to a regulatory filing. However, the fund, which carried out the withdrawals through a tender offer, repurchased only about 7% of the requested shares. While Scaramucci, 60, declined to comment, he has previously said the fund’s structure allows him to limit withdrawals by working within the guidelines in the fund’s prospectus.…

Key Points: Sei Airdrop Checker updates airdrop criteria, ensuring accurate results for users; more wallets now qualify for Sei token distribution. The second airdrop distributes 27 million SEI tokens to previous users, paving the way for the Sei V2 upgrade compatible with EVM virtual machines. The Sei Foundation has officially announced that the Sei Airdrop Checker has been updated, and users will see accurate results. Sei Airdrop Checker Is Now Updated, Users Will See Accurate Results 2 Sei Airdrop Checker Updates Criteria for Users While the airdrop criteria remain the same, the number of qualifying wallets has increased, as reflected…

Bitwise Asset Management is facing a lawsuit from Vandelay Industries, which is representing the Mukamal family. The suit accuses Bitwise and its top executives of significant financial misconduct and seeks $2 million in damages. The controversy began with the Mukamal family’s early 2018 investment of about $1.3 million in the Bitwise HOLD 10 Private Index Fund. This family includes a retired nurse and her two sons, Theodore Mukamal, a lawyer, and Andrew Mukamal, a fashion stylist. Why Vandelay Industries Filed a Lawsuit Against Bitwise By 2020, tensions escalated as Bitwise proposed shifting the fund from private placement to a publicly…

The Tie, a prominent data analytics platform, has announced several new features aimed at providing comprehensive insights into the Avalanche Subnet Ecosystem. These updates include tools for comparing Subnet performance, a dedicated news feed, and detailed validator statistics. The newly introduced Subnet Comparison table is designed to help users dive deeper into individual Subnets. It showcases key metrics that allow for evaluating and comparing the performance of different Subnets. Users can sort this view by any of the columns to identify the top and bottom performers on various metrics. We’re excited to share that we’ve expanded coverage on @frostymetrics to…

Bitcoin has a history of making extremely volatile moves after entering a period of consolidation. History shows that BTC had a quarterly close pivot after every single consolidation phase. Based on the chart that displays the quarterly price movement of Bitcoin since 2010, it is evident that significant price fluctuations usually occur after periods of consolidation. Following some relative stability, Bitcoin saw a huge increase in value at the beginning of 2013 — it went from about $16 to $739 in a matter of quarters. In 2015 and 2017 occurred a similar pattern of consolidation around $230, followed by a…