Author: NBTC

Key Points: The LayerZero sybil check list will be completed by mid-2024, and the identification formula will be announced this month. Users who self-report sybil behavior will receive 15% of airdrop tokens; non-reporters will get none. LayerZero and Nansen will use data from 100,000 wallets to train AI in recognizing sybil patterns, enhancing future project airdrops. LayerZero CEO Bryan Pellegrino has announced via social media that the sybil hunt will conclude and the final LayerZero sybil check list will be released before the first half of 2024. LayerZero Sybil Check List to Be Completed by Mid-2024 Previously, LayerZero introduced a…

The latest warning by the Cyprus Securities and Exchange Commission (CySEC) has listed several, including cryptocurrency exchange Bitget. In a warning issued today (Friday), the regulator urged investors to consult its website before conducting business with investment firms. In total, CySEC flagged 17 websites, among them: tradeupyourlife.co/es/nvi/v1/lakmw/ and tradingupyourlife.com/es/v8/jdkas/#formbox, tbmarket.co, globalfx-ltd.com, and account.globalfx-ltd.com/client/login, princemarkets.com, selcukluyatirimfx.com, partnershiptrader.com, unitymarketmovers.com, trustvestszone.com, bytflex.com/web/index.php, guleryatirimholdings.com, unifyfxbusiness.com/m/index.html, exprotrades.com, centagepremium.com/index.html, topfx.pl, and strifor.org. The others are: kryptohaus.com, prostoxfx.com, justtwo.trade, and trade.justtwo.trade/en/login, londinesbank.com, kyelinrox.com, olymptrade.com, bonnmarkets.com and lirunexltd.com, primoxstock.com, parkfinancialconsulting.org, t.me/s/FXopen_Forex_Signals, and t.me/s/FxOpen_ForexSignals, sfcaptrade.cc, and sfcap.world, and bitget.com. Expect ongoing updates as this story evolves.

Analyst and trader Kevin Svenson is expressing bullish sentiment on Bitcoin (BTC) amid a double-digit rise in the flagship crypto asset’s price over the past seven days. Svenson tells his 78,400 YouTube subscribers that Bitcoin is on a parabolic trend that started in the fourth quarter of 2023 and could rally to a target of around $90,000. According to the analyst and trader, Bitcoin could then surge higher following a correction that would potentially come after hitting the initial $90,000 target. “So it’s not the end of the cycle when we hit $90,000 breakdown… it is simply just an area…

Ethena’s USDe shows an arbitrage opportunity because of a disparity between the staked price and the free token’s trading price. USDe aims to supply Ethena’s DeFi with a more intuitive way of trading and locking in gains. The arbitrage between USDe and staked USDe is not causing problems for now, but it has been watched closely. USDe was one of the most actively growing stablecoins in the past few weeks. Ethena was also aggressive in its early token issuance, achieving 2B in supply faster than any stablecoin protocol. Staked $USDe (sUSDe) is currently trading at a discount of more than…

In what could be a pivotal development, anticipation is mounting as experts speculate on the imminent approval of spot Ethereum ETFs. For example, Nate Geraci, the president of ETF Store, has sparked discussion on X by suggesting that approval could come next week. Geraci’s prediction aligns with the sentiments of industry insiders such as Bloomberg’s Eric Balchunas, who foresees an ETF debut as early as July 2, strategically timed to coincide with the U.S. Independence Day holiday. I’m deciphering this as spot eth ETFs will be approved this week…Just me tho. https://t.co/rFrMThytgC — Nate Geraci (@NateGeraci) June 23, 2024 Moreover,…

Polkadot (DOT), a pioneering layer-0 blockchain, is making significant strides in tokenizing real-world assets (RWA). Amid the growing buzz surrounding RWA tokenization, industry experts believe Polkadot has the potential to be a market leader. Several projects in its ecosystem also support this view. Key Insights into Polkadot’s Role in Real-World Asset Tokenization Polkadot’s architecture, designed for interoperability and scalability, is ideal for tokenizing assets like real estate, commodities, and intellectual property. The JAM Whitepaper (Polkadot 2.0) could further solidify Polkadot’s position in the RWA tokenization market. This initiative bridges traditional finance with the crypto economy, providing a compliant, secure, and…

A crypto influencer who called Logan Paul the “biggest moron I’ve ever had the pleasure of doing business with” says he avoided a lawsuit from the YouTube star after his lawyers advised him it could turn into an ongoing issue that could cost him millions. Jake Greenbaum worked with Paul on the controversial NFT CryptoZoo game. The project was a complete failure and led to a series of lawsuits against Paul, Greenbaum, and the project’s team in February 2023. However, on the same day that Paul offered a buyback plan for investors in January 2024 — an act lawyers suing…

A closely followed crypto analyst says that the top altcoin Ethereum (ETH) may be gearing up for a swing to the upside. In a new video update, crypto strategist Jason Pizzino tells his 329,000 YouTube subscribers that one indicator suggests the leading smart contract platform is gearing up for rallies. According to Pizzino, ETH’s average true range (ATR) – an indicator that measures volatility by showing an asset’s trading range over a specified period – is hinting at an approaching breakout. “Ethereum [is] looking pretty good – putting in lower highs and higher lows at the moment. We have covered…

Jeffrey Huang, a Taiwanese-American singer and entrepreneur going by Machi Big Brother on X, has been doubling down on $FRIEND. As per Lookonchain (a famous on-chain analytics platform), the entrepreneur has been purchasing the $FRIEND coin since the 3rd of last month. The analytics company disclosed his $FRIEND buyout on its official account on the X. Machi Big Brother(@machibigbrother) has been buying $FRIEND since May 3.He has spent 4,975 $ETH($15.6M) to buy 8.6M $FRIEND at an average price of $1.81.At the current price, he lost $7.9M on $FRIEND!https://t.co/j5UByo2jpN pic.twitter.com/tiew7f377A — Lookonchain (@lookonchain) June 8, 2024 Machi Big Brother Makes Frequent…

The Nigerian Securities and Exchange Commission (SEC) has issued new amendments to its rules on Digital Asset Issuance, Offering Platforms, Exchange, and Custody. The updated regulations are intended to improve the regulatory framework and ensure it is comprehensive and responsive to crypto’s unique challenges. The SEC emphasized the need to adjust its rules to better align with the market’s current realities. To facilitate this transition, the SEC has introduced a special window for onboarding Virtual Assets Service Providers (VASPs) through the Accelerated Regulatory Incubation Programme (ARIP). Related: Nigerian SEC proposes hefty fee increase for crypto exchange registration This initiative aims…