Author: NBTC

A group of creditors of the now-collapsed FTX has moved to court, objecting to the crypto exchange’s bankruptcy reorganization plan, which would pay the unsecured creditors the entirety of their claims, if not more. A group led by Sunil Kavuri, one of FTX’s vocal creditors, filed the objection yesterday (Thursday) in the US bankruptcy court. They reject the reorganization plan on several grounds, including the assertion that it does not serve the best interests of the creditors. The objection further highlighted that the plan ignores property rights issues. Furthermore, it pointed out that, as the settlement with the creditors would…

Key takeaways Mandala Chain is introducing IDCHAIN It’s projected to onboard over 10 million new wallets in Indonesia. The initiative integrates government, enterprise, and public sectors on a secure blockchain platform. Mandala Chain and its vision Mandala Chain is a Polkadot parachain aiming to integrate government and enterprise applications with the public and retail sectors. The project focuses on creating real-world utility and fostering adoption, particularly in Indonesia. As a secure Layer 1 blockchain, Mandala Chain plans to revolutionize various sectors and plans to onboard over 10 million new wallets through its inaugural use case, IDCHAIN. IDCHAIN and its impact…

Bitcoin’s price currently stands at $71,347, showing an impressive rise within the 24-hour intraday range of $70,065 to $71,595. With a trading volume of $25.17 billion and a market capitalization of $1.4 trillion, bitcoin has gained 4.9% this week, 5.6% over the past two weeks, and 14.4% in the last 30 days. Bitcoin Bitcoin’s 1-hour chart reveals a recent recovery following a sharp decline, with a key resistance level at $71,629 and support around $70,116. The higher volume during recent drops indicates strong selling pressure, while the subsequent increase in volume suggests strong buying interest. BTC/USD daily chart via Bitstamp.…

Uniswap now has more v2 liquidity pools on Layer 2s than it does on Ethereum, with Base leading the pack as L2s continue to gather steam. Uniswap continues to fight the SEC on the regulatory front amid a delayed governance vote on incentives that has exposed some cracks in its decentralized ecosystem. Layer 2s on Ethereum have continued to gather steam as users seek alternatives to the mainnet’s hefty fees. The latest demonstration of this increasing influence is on Uniswap, where v2 liquidity pools on L2s have now overtaken the mainnet. Launched in May 2020, Uniswap v2 is the decentralized…

The first months of 2024 have been very satisfying for crypto airdrop hunters, who have celebrated the launches of Celestia, Altlayer, Dymension, Jupiter, Ethena, Polyhedra Starknet, Etherfi, Wormhole, Tensor, Saga and Omni Network. Now, however, many other token distributions are on the horizon: first of all zkSync, which could launch its own coin ZKS, likely by the end of April or the beginning of May. Let’s see below which projects will launch an airdrop in the near future, and let’s try to understand where it is convenient to place our liquidity for future drops. Many crypto airdrops coming in the…

Bithumb, South Korea’s leading cryptocurrency platform, announced that it has added the MEW token to the Korean Won (KRW) market. Bithumb Adds (MEW) to KRW Market The exchange clarified that MEW can only be traded on the KRW market, which is powered by the Solana network. Deposits for MEW will begin at 18:30 on June 7, 2024, and trading and withdrawals will begin at 21:00 on the same day. The starting price of MEW is set at 6,053 KRW and there is a deposit confirmation requirement of 20 confirmations. Details of MEW Trade Support: Sunday: KRW Network: Solana (Deposits from…

Researchers at Paradigm, Dan Robinson and Dave White, have introduced Miner Extractable Value (MEV) taxes, a mechanism that aims to help decentralized applications capture their own MEV, potentially redirecting value back to users and developers. For the uninitiated, MEV refers to the profits that miners or validators can gain by reordering, including, or excluding transactions within a block. Notably, the European Securities and Markets Authority recently revealed an ongoing examination of MEV mechanisms, suggesting it could be a market abuse mechanism under MiCA. Traditionally, the profits from these MEV activities go to block proposers. For instance, a Solana-based MEV bot…

Bitcoin bears might be in danger as open interest on the shorts’ side is slowly climbing up on a par with the spot buying volume. Such a divergence quite often leads to short squeezes which, in the case of Bitcoin, will most likely lead to a breakthrough and a move toward $100,000. Spot Cumulative Volume Delta (CVD) is the first thing to notice. On the spot market, this metric displays the total net buying or selling. In this instance, there is a growing spot buy delta, and the Spot CVD is leading with the price. According to this, the recent…

Prominent figures in the XRP community have become increasingly optimistic about the possibility of XRP listing on the American exchange Robinhood, renowned for its strict listing policies. Notably, leading U.S.-based exchanges such as Coinbase, Gemini, and Kraken support trading services for XRP, having relisted it after Ripple secured a lawsuit victory against the SEC about a year ago. Despite the ruling that XRP is not a security, Robinhood has continued to distance itself from XRP. At present, Robinhood only supports XRP’s real-time market data. This service is available to over 50 crypto assets the exchange does not approve for trading,…

In 2018, European Union (EU) member states launched the European Blockchain Services Infrastructure (EBSI), a partnership to develop blockchain-based public services. Currently, there are 40 nodes spread across the continent, and multiple use cases, mostly related to verifiable credentials, have been developed. The European Commission has now decided to make things official by creating a new legal entity, the European Digital Infrastructure Consortium (EDIC), to make it simpler to share costs and govern the network. The EDIC will have nine members, including Belgium as host, along with Croatia, Cyprus, Greece, Italy, Luxembourg, Portugal, Romania, and Slovenia. Poland has requested to…