Author: NBTC

The German government’s been quite busy raking in some cold hard cash as it seeks to offload portions of its bitcoin stash. While analysts have been warning about the potential impact of the Mt Gox repayments, the German government’s moves came as a bit of a surprise to some. However, the selling from the German government isn’t enough, at this point, to put a stop to John Glover’s bullish attitude. The chief investment officer of Ledn thinks that bitcoin could top $80,000 — if not higher, with other analysts calling for $100,000 — by the end of the year. That…

Polygon-based Alien Cats clawed their way to the top of the non-fungible tokens (NFT) market on Monday, with a sales performance of US$1.32 million, according to CryptoSlam data. The newly launched NFT sold for US$30,000 per unit but just had 11 unique sellers and buyers each. The second-highest performing collection of the day was π, a BRC-20 NFT collection, with a total sales volume of US$1.12 million, rising from US$418,754 the previous day. Ranking third in daily sales was the DMarket collection, which specializes in virtual in-game items and NFTs on the Mythos network. DMarket achieved a total sales volume…

The Arena, a blockchain-based social token platform, said on Wednesday that a cryptocurrency tied to its project will go live in less than two weeks. “It’s time to lock in,” the project announced in a post on Twitter, adding that its ARENA token is slated to launch “the week of June 10.” Built on Avalanche, Arena lets users trade “tickets” that are tied to individual Twitter accounts. Priced in Avalanche’s native AVAX token, the tickets grant holders benefits like access to private chat rooms or viewing certain posts. The project is comparable to friend.tech as an attempt to merge social…

Binance has been scheduled to face face tax evasion charges in Nigeria on October 11, marking a significant legal battle for the cryptocurrency giant, Reuters reported. The crypto exchange is accused of failing to register with Nigeria’s Federal Inland Revenue Service for tax purposes, among other counts. During a recent hearing, Binance’s representative Ayodele Omotilewa pleaded not guilty to all charges before Judge Emeka Nwite. While similar charges against two Binance executives were dropped in June, they still face separate money laundering allegations, which they deny. Nigeria has linked its currency challenges to Binance, attributing some of its economic issues…

ARK Invest chief executive Cathie Wood believes Bitcoin (BTC) is only halfway through its current bull market cycle. In a new interview with science and tech entrepreneur Peter Diamandis, Wood says that ARK believes that parabolic rallies may signal that the end of the bull market is near. “We have four people at ARK who are working on crypto generally, one dedicated to Bitcoin on-chain analytics. And judging by those, we are, we believe, halfway through this bull market. And halfway doesn’t mean we’re halfway through the price increase, because, you know, at the end of a bull market prices…

The Bobby Politifi Meme Token, trading on Uniswap under the ticker BOBBY, had a high-profile relaunch this morning at Consensus 2024. The event, taking place now in Austin, Texas, marked a new phase for a token that has matured from a simple meme coin into an influential movement supporting Robert F. Kennedy Jr.’s vision for the future of crypto. The relaunch event on May 29 showed the token’s transition and its broader mission. “$Bobby is more than just a token; it is a movement that resonates with the ideals of independence in the face of a captured, secretive, and centralized…

A Dutch court ruled today that Alexey Pertsev, the developer of Tornado Cash, must remain in prison as he prepares his appeal against a money laundering conviction. A Dutch Court of Appeal in ‘s-Hertogenbosch denied Pertsev’s bail request and upheld the decision to continue detaining Pertsev despite his claim that he is not a flight risk. Pertsev, found guilty of laundering $2.2 billion, has been in custody for the past two months. While detained, Pertsev did not have access to a computer or the internet. His lawyers, Keith Cheng and Judith de Boer, argued that he needed access to a…

Pixelverse, the project behind rising Telegram game PixelTap, announced Monday that it will launch its PIXFI token on The Open Network (TON) on Thursday, July 18, tweeting that “major centralized exchanges” are set to list the token at 12pm UTC. The PIXFI token launch comes amid a surge in demand for Telegram-based games. After Notcoin pulled in 35 million players earlier this year and dropped the year’s largest gaming token launch in May, other games on the messaging platform started gaining steam. Pixelverse says it attracted 50 million new players in June alone. But tokens from those other games haven’t…

Incumbent stablecoin issuers may want to start looking over their shoulder. A raft of new entrants are coming to challenge industry stalwarts like USDT, USDC and DAI by taking a payments-first approach. Looking at the profitability of Tether, it’s not hard to see why the issuer is attracting competitors. The company behind the leading stablecoin reported over $4.5 billion of net profit in the first quarter of 2024. Read more: Tether just obliterated its former net profit record for a single quarter Overcoming the cold start problem is no easy feat. The top three stablecoins enjoy widespread support on both…

Key Points: SEC’s advisory committee will explore recent changes to the SBA investment program. Scheduled for July 30, 2024; available via live webcast on www.sec.gov. The agenda for the July 30, 2024, in-person meeting of the Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee focuses on a detailed review of recent amendments to the SBA investment program. The meeting will be webcast at www.sec.gov, allowing any interested party to listen to the discussion. The Committee’s only mandate is to offer counsel to the Commission concerning issues touching on rules and policies regarding small businesses. Since the business is…