Author: NBTC

Dog-themed cryptocurrency Shiba Inu (SHIB) has witnessed a significant surge in token burns, with a remarkable 192% increase in the last 24 hours. The recent surge in burns has led to the removal of millions of SHIB tokens from circulation, with the Shiba Inu community taking part in the activity to create scarcity. According to the Shibburn X account, a total of 4,796,486 SHIB tokens were burned in the last 24 hours, representing a 207.81% increase in burn rate. This notable spike in SHIB token burns comes at a time when the market is eagerly anticipating a significant price shift…

A court in Illinois sided with the United States Commodity Futures Trade Commission (CFTC) and recognized two altcoins – Olympus (OHM) and KlimaDAO (KLIMA) as commodities. Illinois Northern District Court Judge supported the CFTC in the case against Oregon resident Sam Ikurti and his company, Jafia, LLC. The CFTC deemed the company a Ponzi-like scheme. Judge Imposed a $120 Million Fine on Crypto Ponzi Scheme In 2022, CFTC accused Ikurti and his colleague Ravishankar Avadanam of fraud and non-compliance with registration requirements. The case against Avadanam was dismissed in 2023 as part of an agreement with the regulator. The Commission…

The merger of two brokerage brands, NAGA Group (XETRA: NG4) and CAPEX.com, has received the necessary regulatory approvals, an official announcement today (Tuesday) revealed. The merger of NAGA and CAPEX.com, operated by Key Way Group, was first announced in December 2023. In April, the deal received the green light from the shareholders of the publicly listed NAGA. With the final regulatory approvals, the companies expect to close the merger by the end of August 2024. “With the approval of the merger by the competent regulatory authorities and the associated consent to our plans for the two companies, we have reached…

Earlier this year the Energy Information Administration attempted to conduct a survey of Bitcoin mining energy use under emergency authorization statues, bypassing the traditional process of instituting a survey that required an open period of comment from the public and industry players subject to the survey. This survey attempt was done under very dubious circumstances with very unsound reasoning to justify its emergency nature. Riot Platforms and the Texas Blockchain Council sued to seek an injunction against the survey in Waco, Texas. In the final agreement the EIA voluntarily agreed to terminate the collection under the emergency and destroy all…

Bitcoin’s price has failed to continue its upward trajectory since dropping from the $75K level. Yet, a new bullish wave might begin soon. Technical Analysis By TradingRage The Daily Chart On the daily chart, the BTC price has been trapped inside a large descending channel pattern, making lower highs and lows. While some consider the recent price action as a bearish reversal and downtrend, the momentum is not so bearish. The $60K support zone has also held the price on multiple occasions, and the market seems to be targeting the channel’s higher boundary. So, a breakout above the pattern can…

Paris – Usual Labs, the trailblazing company behind the innovative Usual protocol, is excited to announce the start of its public pre-launch phase. This follows a successful private launch where they secured an impressive $75 million in Total Value Locked (TVL) commitments from over 180 top DeFi leaders and investors in just a month.—Usual Labs is revolutionizing the financial landscape with its USD0 stablecoin, bridging traditional finance and decentralized finance (DeFi). USD0 is designed to be a secure, transparent, and decentralized Tether, redistributing ownership and value through the USUAL token.The protocol aggregates Real World Assets (RWA) and seamlessly integrates them…

The Cardano community has been abuzz with humor and speculation as ADA remains steadfast around the $0.45 mark. Such price stability has spawned a number of memes and jokes, with enthusiasts referring to the token as a “stablecoin.” One particularly popular meme shows the Grim Reaper knocking on doors labeled $0.45 per ADA token, symbolizing the token’s stable price level. This wave of humor has not gone unnoticed by Charles Hoskinson, the founder of Cardano. Known for rarely addressing the ADA price directly, Hoskinson made an exception and joined in the community’s lighthearted take on the situation. He pinned his…

The Securities and Exchange Commission (SEC) has reportedly launched investigations into cryptocurrency venture capital firms for potentially acting as unregistered securities dealers, according to a report from DL News citing BlockTower Capital founder Ari Paul. Paul stated on the Unchained podcast that the SEC has initiated “a bunch of investigations into VCs for acting as unregistered securities dealers.” He suggests that the discounted token deals some VCs make with crypto projects could violate securities laws. This development marks a significant escalation in the SEC’s ongoing crackdown on the digital assets industry. Under Gary Gensler, the agency’s regulatory regime has already…

Bitstamp’s moonshot post sparks optimism about a potential XRP listing on Robinhood following the plan to acquire the exchange. Recently, Bitstamp, the world’s longest-running crypto exchange, stirred bullish interest in the XRP community by hinting at a moonshot for the asset. Specifically, the exchange shared a post of XRP on the moon, reliving optimism among the XRP Army. The post suggests in a lighthearted tone that XRP could engineer an astronomical price surge, a long-standing aspiration of the XRP community. I took this picture of the moon last night 😌 $XRP pic.twitter.com/gAQScc7qf4 — Bitstamp (@Bitstamp) July 8, 2024 XRP Army…

Block Inc. and Core Scientific have announced an agreement to supply Core Scientific with Block’s new 3-nanometer mining ASICs. Core Scientific will be the first to integrate these advanced chips into its large-scale mining operations. This collaboration is part of an ongoing effort to decentralize Bitcoin mining hardware and foster innovation in the mining ecosystem. Block’s Proto team, which leads the mining initiative and the self-custody wallet Bitkey, developed these ASICs. The chips provided to Core Scientific are expected to deliver approximately 15 EH/s (exahashes per second) of hashrate, with an option for additional volume. This agreement marks one of…