Author: NBTC

Gold bug Peter Schiff recently called Bitcoin “a fraud” while responding to a video clip posted by MicroStrategy co-founder Michael Saylor. The video clip posted by Saylor features typical talking points about the U.S. dollar losing its purchasing power and the financial system being on the verge of collapse. Then, it takes a turn toward full-blown evangelism, with Bitcoiners borrowing concepts from the domain of religion. “Anyone can be part of the Bitcoin economy. It’s like a good church,” venture capitalist Tim Draper said. “Because it’s an ethical ideology, there are many people who feel very spiritual about it,” Saylor…

Anthony Scaramucci’s SkyBridge Capital has restricted client withdrawals from its crypto-focused hedge fund, even though the fund’s performance has improved significantly. Scaramucci’s SkyBridge Limits Customer Exits Despite Crypto Ripple Investors who own about 70% of the fund’s shares had requested withdrawals during the last period ending in March, according to a regulatory filing. However, the fund, which carried out the withdrawals through a tender offer, repurchased only about 7% of the requested shares. While Scaramucci, 60, declined to comment, he has previously said the fund’s structure allows him to limit withdrawals by working within the guidelines in the fund’s prospectus.…

Key Points: Sei Airdrop Checker updates airdrop criteria, ensuring accurate results for users; more wallets now qualify for Sei token distribution. The second airdrop distributes 27 million SEI tokens to previous users, paving the way for the Sei V2 upgrade compatible with EVM virtual machines. The Sei Foundation has officially announced that the Sei Airdrop Checker has been updated, and users will see accurate results. Sei Airdrop Checker Is Now Updated, Users Will See Accurate Results 2 Sei Airdrop Checker Updates Criteria for Users While the airdrop criteria remain the same, the number of qualifying wallets has increased, as reflected…

Bitwise Asset Management is facing a lawsuit from Vandelay Industries, which is representing the Mukamal family. The suit accuses Bitwise and its top executives of significant financial misconduct and seeks $2 million in damages. The controversy began with the Mukamal family’s early 2018 investment of about $1.3 million in the Bitwise HOLD 10 Private Index Fund. This family includes a retired nurse and her two sons, Theodore Mukamal, a lawyer, and Andrew Mukamal, a fashion stylist. Why Vandelay Industries Filed a Lawsuit Against Bitwise By 2020, tensions escalated as Bitwise proposed shifting the fund from private placement to a publicly…

The Tie, a prominent data analytics platform, has announced several new features aimed at providing comprehensive insights into the Avalanche Subnet Ecosystem. These updates include tools for comparing Subnet performance, a dedicated news feed, and detailed validator statistics. The newly introduced Subnet Comparison table is designed to help users dive deeper into individual Subnets. It showcases key metrics that allow for evaluating and comparing the performance of different Subnets. Users can sort this view by any of the columns to identify the top and bottom performers on various metrics. We’re excited to share that we’ve expanded coverage on @frostymetrics to…

Bitcoin has a history of making extremely volatile moves after entering a period of consolidation. History shows that BTC had a quarterly close pivot after every single consolidation phase. Based on the chart that displays the quarterly price movement of Bitcoin since 2010, it is evident that significant price fluctuations usually occur after periods of consolidation. Following some relative stability, Bitcoin saw a huge increase in value at the beginning of 2013 — it went from about $16 to $739 in a matter of quarters. In 2015 and 2017 occurred a similar pattern of consolidation around $230, followed by a…

The Governor of the Central Bank of the Republic of China (Taiwan), Yang Chin-long, has said that central bank digital currency (CBDC) is not a race or an international competition, and the central bank has no issuance timetable for its digital New Taiwan dollar. Yang also stated that being the first to introduce a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not all seen the desired outcome, according to a July 7 report by local publication UDN. Yang outlined the central bank’s plans for the digital New Taiwan dollar, dampening expectations around…

Key Points: The Luna Foundation Guard (LFG) transferred 1.974 million AVAX ($71.2M) and 39,499 BNB ($23.5M) to an unmarked address (0x13…2e27) between 11:29 and 11:33 UTC+8. The unexpected movement has fueled speculation about the purpose behind these transactions, with theories ranging from strategic reallocation to potential partnerships. The crypto community is urging LFG for clarity on the transfers to maintain investor confidence and market stability amidst ongoing volatility. Luna Foundation Guard (LFG) made significant transfers of digital assets, sparking speculation and concern within the cryptocurrency community. Between 11:29 and 11:33 UTC+8, LFG transferred approximately 1.974 million AVAX tokens, valued at…

U.K. Prime Minister Keir Starmer named Tulip Siddiq as City Minister on Tuesday. Siddiq has previously called for mitigating the risks that crypto poses as well as harnessing the sector’s potential. U.K. Prime Minister Keir Starmer named Tulip Siddiq as Economic Secretary to the Treasury and City Minister, a position that involves overseeing financial services including crypto. Siddiq, who held the Shadow City Minister post while in opposition, was appointed after the Labour party’s landslide election victory last week. The party said recently it will support the Bank of England’s digital-pound plans and wants to make the country a tokenization…

Singapore — Mantle Network, renowned for its advanced blockchain infrastructure, is set to revolutionize on-chain AI, mirroring how GPUs transformed AI development. Mantle’s architecture offers high throughput and low costs, akin to a GPU’s ability to handle massive parallel processing with minimal latency, making on-chain AI an achievable reality today.—To showcase this potential, Mantle is hosting the Mantle AI Fest: CH(AI)N REACTION (July 12 – August 9, 2024), a practical demonstration of real applications leveraging Mantle’s capabilities for on-chain AI.Featured AI dApps on Mantle Network0xScope’s ScopeChat: An intelligent AI chatbot for blockchain interactions, simplifying dApp access — think a specialized…