Author: NBTC

Another $10 million donated by Jump Crypto to the industry’s U.S. campaign super PAC has further amplified the spending potential in congressional races. With $109 million still on-hand, the fund is among the nation’s largest for the 2024 election. Jump Crypto put another $10 million into the U.S. political action committee (PAC) that’s seeking to rush as many pro-crypto members into Congress as possible to achieve legislation the industry is after, a spokesman for the PAC confirmed. The total of $15 million from Jump, a Chicago-based investment firm, means almost $169 million so far has been amassed by Fairshake and…

Modular blockchain network Celestia has launched its data availability solution, Blobstream, on the Ethereum mainnet, according to the team’s announcement on Monday. Blobstream 🎇 is now live on Ethereum mainnet. Deploy a high-throughput L2 as *permissionlessly* as a smart contract. pic.twitter.com/74wyw5Xknq — Celestia (@CelestiaOrg) June 10, 2024 Developed by Succinct Labs, Blobstream enables Celestia’s data roots to be streamed to an Ethereum light client on-chain. The solution offers high-throughput data availability (DA) for Ethereum layer 2 solutions (L2s), secured by cryptoeconomic guarantees. “This provides permissionless, high-throughput DA to Ethereum L2s, secured by cryptoeconomic guarantees rather than reputation or hidden trust…

New York Rep. Alexandria Ocasio-Cortez has criticized the involvement of Fairshake, a crypto-focused super PAC, in New York’s 16th congressional district democratic party elections. Ocasio-Cortez qualified the media campaign against incumbent Jamaal Bowman, valued at over $2 million, as “corruption” and a “core threat to American democracy” on social media. Alexandria Ocasio-Cortez Tells Crypto PAC Fairshake Involvement in New York Primaries Is “Corruption” Alexandria Ocasio-Cortez has bashed the involvement of “special interests” crypto groups in New York’s 16th congressional district democratic party elections. The New York representative took to social media to criticize the actions of Fairshake, a cryptocurrency and…

Kraken’s inclusion of FLOKI in Perpetual Futures Trading boosted its price by nearly 14%, reflecting increased investor interest. FLOKI’s addition to Revolut Business expands its utility as a transactional currency across Europe. FLOKI’s listing in Bitpanda Meme Coin Leaders Index and Binance Thailand enhances its global market presence and liquidity. Kraken, a leading US-based cryptocurrency exchange, has integrated FLOKI in its Exchange Listing Roadmap, a move that is expected to revolutionize the digital currency industry. Perpetual Futures Trading for FLOKI is now available on Kraken’s platform. $FLOKI has been added to Kraken’s Exchange Listing RoadmapThis marks a significant milestone for…

In the rapidly evolving world of digital currencies, gaining a solid understanding of Bitcoin (BTC)—how to buy, trade, and secure it—has become essential for both novice and seasoned investors. Fintechzoom, a dedicated platform for cryptocurrency enthusiasts, provides valuable insights and resources to navigate this dynamic ecosystem. This guide delves into the fundamentals of Bitcoin, introduces the Fintechzoom platform, and offers step-by-step instructions on buying Bitcoin securely. Whether you are making your first Bitcoin purchase or looking to enhance your cryptocurrency portfolio, this comprehensive Bitcoin price Fintechzoom guide equips you with essential knowledge and strategies. What is Bitcoin? Bitcoin, launched in…

Ethereum’s native token, Ether (ETH), has seen a notable increase in value, reaching $3,550 on June 19. This surge follows the U.S. Securities and Exchange Commission’s (SEC) decision to end its investigation into whether Ether is an unregistered security. This development, combined with the initial approval of Ethereum spot exchange-traded funds (ETFs), has significantly boosted market confidence. The SEC’s decision to close its investigation into Ethereum 2.0, announced by Ethereum developer ConsenSys, is a major victory for the cryptocurrency industry. In the mid-term, from June 27 to July 10, Ethereum is expected to aim for the $4,000 mark, potentially reaching…

Bank of America report shows younger affluent individuals favor crypto and alternative investments, differing from older generations’ traditional focus. “In fact, the most ‘conservative’ group is holding the highest average exposure to crypto,” the bank said. ‘Younger Groups Hold More Crypto and More Alternative Investments’ Bank of America released a report titled “2024 Bank of America Private Bank Study of Wealthy Americans” on Tuesday, highlighting notable trends and examining how generational dynamics and the upcoming wealth transfer are shaping financial strategies. The report highlights that younger affluent individuals are considerably more inclined to invest in cryptocurrencies compared to their older…

American trading platforms Coinbase and Robinhood move 9.6 trillion Shiba Inu in 24 hours as SHIB retests $0.000022 amid the latest market crash. Robinhood Moves 600 Billion Shiba Inu On-chain tracking and analytics system Whale Alert spotlighted the development in a recent post on X, calling attention to the Robinhood movement. Per Whale Alert’s disclosure, Robinhood transferred 600 billion SHIB worth $13.7 million at the time of disclosure to an unknown wallet address yesterday. 🚨 600,000,000,000 #SHIB (13,713,299 USD) transferred from #Robinhood to unknown wallethttps://t.co/9jSpBh0IQ1 — Whale Alert (@whale_alert) June 10, 2024 The post garnered attention due to the sheer…

The US SEC has raised concerns over the status of Circle’s stablecoin, USDC, as the company seeks to go public in a multi-billion dollar initial public offering (IPO), Barron’s reported on June 18, citing regulatory documents. The SEC’s concerns are primarily related to the risks associated with USDC and other stablecoins potentially being classified as securities under US law. The watchdog expressed similar concerns in 2021 when Circle tried to go public via a special-purpose acquisition company (SPAC). According to the report, the documents reveal an extended exchange between the SEC’s Division of Corporation Finance and Circle, spanning nearly a…

A widely followed crypto strategist thinks that Bitcoin (BTC) is in a position to ignite a breakout rally on the way to fresh all-time highs over the next few days. In a new video update, pseudonymous analyst Credible tells his 53,200 YouTube subscribers that Bitcoin may have just started a five-wave rally that could send BTC above $100,000. Credible relies on the Elliott Wave theory, which states that a bullish asset often witnesses a five-wave surge where waves one, three and five are upside moves and waves two and four are corrective periods. According to the analyst, Bitcoin’s recent move…