Author: NBTC

A provision in the recent spending package from the Senate’s intelligence committee targets crypto ties to terrorism and caught many in the industry off-guard, criticizing it as a flawed approach to a worthy goal. The staff of the panel’s chairman, Sen. Mark Warner, has been meeting with people in the digital assets industry to talk about the provision, sources say. Crypto insiders predict the effort isn’t likely to survive the budget process. A piece of legislation with heavy implications for the digital assets sector made it through the Senate Select Committee on Intelligence’s funding package recently without most in the…

After Bitcoin’s ATH of $73,800 in March, it experienced sharp corrections to $56,000 due to profit taking by long-term investors. While BTC has recovered following these corrections, it has been following a horizontal course in recent weeks. While market analysts stated that Bitcoin was preparing for a major rally after the current consolidation phase, CryptoQuant analyst also predicted that Bitcoin may be preparing for an increase. At this point, CryptoQuant analyst, who examined the Bitcoin NVT Golden Cross indicator, claimed that according to this indicator, Bitcoin may be signaling a potential local bottom around $ 69,000. Stating that there has…

Ethereum fell below the $3,700 threshold, failing to break through the consolidation channel. With the price failing to surge upward, we might see another period of consolidation where the moving average could catch up with the massive volatility witnessed a few weeks ago and potentially provide some ground for a rally continuation. Since this level has been a crucial area of support for ETH, the recent decline below $3,700 is especially raising some concerns and questions. If it breaks below, it may indicate that bulls need to reorganize as bears are becoming more powerful. Sharp swings in price action are…

ZkSync-based Zyfi received financial backing to bootstrap paymaster services across the Ethereum ecosystem. Gas abstraction layer Zyfi raised $2 million in a private funding round to bootstrap native account abstraction on zkSync and, by extension, the larger decentralized finance (defi) landscape. Although blockchain and crypto adoption has advanced in recent years, tools like self-custodial wallets such as MetaMask and executing on-chain transactions remain tricky to some. A major roadblock to defi activities is gas, the fee users pay to miners or validators for confirming transactions. Zyfi plans to deploy capital from investors toward solving this problem by simplifying gas options…

Through USDC on the Polygon network, users can now send and receive money instantly around the world through SukuPay. This signifies the growing adoption of the Polygon network with real value being built around the ecosystem. Suku World, a project that enables seamless cross-border payments has introduced a platform that allows users to send and receive money around the world with just their phone number. According to an announcement by the Suku World team, users are only required a phone number, with users having total control because of the SukuPay non-custodial nature. The platform hails its technological prowess, stating that…

The European Union election has seen the reelection of Stefan Berger, Ondrej Kovarik and Irene Tingali, who played key roles in shaping crypto legislation for the 27-nation trading bloc. A “slight shift to the right” is likely to lead to “greater focus … on competitiveness and growth,” said one crypto industry participant. The European Parliament (EP) election, which has been characterized by a swing to the right, has seen key figures who played a big part in the trading bloc’s crypto journey reelected. The vote for the 720 members of the parliament (MEPs) started last week, and results have been…

BlackRock surpasses $20 billion in Bitcoin holdings, driven by price increases, bringing their total crypto portfolio value to $20.7 billion, reports Arkham. BlackRock has made headlines again by surpassing $20 billion in on-chain Bitcoin holdings for the first time. This development, highlighted by Arkham, showcases a boost in BlackRock’s crypto investments, showing the company’s growing trust in Bitcoin’s market capabilities. TODAY: 🚨🚨 Blackrock’s on-chain Bitcoin holdings have exceeded $20 Billion for the first time. pic.twitter.com/PFYsIfTfAf — Arkham (@ArkhamIntel) June 5, 2024 BlackRock’s Crypto Portfolio The overall crypto portfolio value stands at $20,706,963,324, with a net positive change of $517.54 million.…

Check out Vitalik Buterin net worth to find out how the co-founder of Ethereum was able to make up his crypto fortune and trace his financial journey over time. This blog post gives an updated analysis of the net worth of Vitalik Buterin in 2024. We look into the detail of how Buterin has built his net worth, primarily through association with Ethereum, his holding in other cryptos, and the continuous impact in the crypto space. We also aim to offer comparison with other Ethereum co-founders and prominent holders of Ethereum with Buterin’s net worth. This detailed account will provide…

Moody’s Analytics Chief Economist Mark Zandi said in a recent interview that he believes the Fed should consider lowering interest rates, arguing that the central bank has achieved its economic goals. Zandi’s comments came amid ongoing debate about the FED’s current policy stance. “I think they achieved their goal,” Zandi said, adding: “We are at full employment. The unemployment rate increased slightly last year to 4%, which is consistent with a full employment economy.” According to Zandi, inflation has been running at the Fed’s target of 2% for the past six to twelve months, excluding landlords’ imputed rents. Zandi questioned…

In a notable discovery by The Crypto Basic, on-chain data shows six Shiba Inu addresses have collectively held 30 trillion SHIB tokens worth $663 million for two and a half years without selling a dime. Despite the ongoing market correction that has pushed Shiba Inu to the $0.000022 support, investors have demonstrated resilience, holding onto their SHIB tokens. In addition, some whale and shark addresses have also continued to procure more tokens in anticipation of a rebound. Amid persistent market trends, The Crypto Basic analysis from Arkham Intelligence has identified a notable pattern among top SHIB holders. Specifically, data shows…