Author: NBTC

Shiba Inu partner K9 Finance confirms the approval of key governance proposals to enhance its ecosystem and ensure its growth and sustainability. K9 Finance, the designated liquid staking partner of the Shibarium blockchain, recently confirmed the passage of four governance proposals after a significant participatory vote by the KNINE community. The governance results, recently spotlighted by the K9 Finance decentralized autonomous organization (DAO) in a post on X, indicate remarkable support for the initiatives. All four proposals received substantial backing from the community. The proposals include changes to the tax structure on KNINE tokens and the approval of budgets for…

One of the top promoters in the Forcount crypto ponzi scheme – a Brazil-based scam that bilked Spanish-speaking investors around the world of a collective $8.4 million – has pleaded guilty to his role in the operation, federal prosecutors announced Wednesday. Juan Tacuri, 46, of Florida, pleaded guilty to one count of conspiracy to commit wire fraud in the Southern District of New York (SDNY), a charge which carries a maximum sentence of 20 years in prison. Tacuri also agreed to forfeit nearly $4 million back to his victims, as well as real estate purchased with victim funds as part…

Bitcoin traders have set a new record for BTC futures positions, with open interest surpassing $37.7 billion. The surge in open interest coincides with record inflows into spot bitcoin ETFs and a bullish long-short ratio, indicating positive market sentiment and expectations for bitcoin to reach new all-time highs in the coming weeks. Bitcoin (BTC) traders have now placed the highest-ever positions on BTC-tracked futures in the asset’s history as open interest crept over $37.7 billion late on Thursday, setting a new record. This eclipsed a previous peak of just under $37 billion in mid-March when bitcoin recorded fresh highs of…

In recent trends observed within the cryptocurrency market, Ethereum has seen a notable increase in accumulation activities, as indicated by data from CryptoQuant’s QuickTake platform. The platform has highlighted a consistent growth in the balance of Ethereum held by addresses owning between 10 to 100,000 ETH. This trend suggests a bullish sentiment among mid to large-scale holders, despite the market not immediately reflecting these movements in Ethereum’s price. The ongoing accumulation of Ethereum, particularly in wallets classified within specific holdings ranges, has persisted without signs of abatement. This pattern raises questions about the potential latent impact on Ethereum’s market value…

The Telos Foundation, known for its influential contributions to blockchain technology, announced today at TOKEN2049 in Dubai its strategic partnership with Ponos Technology, a leading firm specializing in Zero Knowledge Proof (ZKP) research and development. This collaboration is set to pioneer the development of an end-to-end optimized, hardware-accelerated Ethereum Layer 2 (L2) network, leveraging Telos’s proprietary technology, SNARKtor, a decentralized recursive proof aggregator. Leveraging hardware and software synergy The initiative will adopt a hardware-software co-design approach, which is crucial for achieving the scale of performance required for Ethereum’s massive user base. Ponos Technology brings its expertise in ZK proving solutions,…

On Wednesday, the US Financial Services House Committee held a hearing titled “Next Generation Infrastructure: How Tokenization of Real-World Assets Will Facilitate Efficient Markets.” The hearing aimed to assess the need for more regulations to support the tokenization of real-world assets (RWA) and derivative products. Diverse Opinions Emerge on Blockchain Use in Traditional Finance Notable individuals from a range of professions participated during the hearing. Carlos Domingo, the Co-founder and CEO of Securitize, and Robert Morgan, the CEO of the USDF Consortium, represented the real-world assets tokenization industry. From the financial markets, Lilya Tessler, a Partner at Sidley Austin LLP,…

Analyst and trader Kevin Svenson is saying that Bitcoin (BTC) is flashing a bullish signal amid the flagship crypto asset’s double-digit bump over the past month. In a new video, Svenson tells his 78,400 YouTube subscribers that Bitcoin is on a parabolic trend and is close to a “point of going vertical.” “Bitcoin is near what is called a Blue Sky Breakout. A Blue Sky Breakout is when an asset breaks above all previous historic price action and experiences what’s called price discovery. So a Blue Sky Breakout is likely what’s coming up very, very soon.” Source: Kevin Svenson/YouTube According…

Ethereum price is slowly moving higher above the $3,800 resistance zone. ETH could gain bullish momentum if it clears the $3,880 and $3,920 resistance levels. Ethereum is holding gains above the $3,800 level. The price is trading above $3,840 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $3,840 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is a close below the $3,800 support. Ethereum Price Eyes More Upsides Ethereum price remained stable above the $3,760 support zone. ETH formed a…

In a recent online discourse, a discussion arose concerning the loyalty dynamics of David Schwartz, Ripple’s Chief Technology Officer, and a pivotal figure in the development of the XRP Ledger. The conversation was initiated by a member of the community, who questioned Schwartz’s allegiance, suggesting that it primarily rested with Ripple Labs rather than the broader XRP ecosystem. Responding thoughtfully, Schwartz shared insights into his perspective on loyalty. He recounted a past conversation with Ripple cofounder Chris Larsen, where the concept of loyalty was raised for a discussion in the context of Schwartz potentially joining the Ripple board. Schwartz clarified…

Elections for the 700+ member of the European Parliament start today, with results due by June 9. The vote is taking place as the bloc’s crypto rules, MiCA, are set to kick in. The new parliament isn’t seen as demanding changes to MiCA in the immediate future, though it has the power to ask the European Commission for a report on whether changes are needed. Residents of the 27 European Union countries have begun choosing their representatives in the multinational trading bloc for the next five years. The election for members of the European Parliament (MEPs) starts today, with results…