Author: NBTC

Once heralded as proof that Ethereum NFTs have utilities beyond speculative trading, Eric Wall is closing down his Orb Land project. The project has been inactive for over a month. Orbs were supposed to be ‘NFTs with actual utility,’ according to Wall. In reality, almost no one used his sophistic proof-of-concept. On April 10, 2023, Wall created his orb. It is now discontinued. “Thank you to everyone who participated,” he glibly signed off. The whole project spawned a mere five orbs by crypto celebrities Wall, Nic Carter, Justin Drake, Tarun Chitra, and Zaki Manian. Even their combined follower count of…

Orbs has integrated its Liquidity Hub with the well-known automated market maker SpookySwap extending its reach to Fantom. As a result, liquidity providers will be encouraged to provide Fantom users with an improved on-chain trading experience. Users of SpookySwap can now access deeper liquidity from a variety of on-chain protocols on Fantom thanks to the launch of the Liquidity Hub. Pricing and user experience are greatly enhanced by this integration, which makes use of Orbs’ cutting-edge layer-3 (L3) technology. Liquidity Hub goes live on @SpookySwap! 🎉Continuing to build with frens old and new, Spooky becomes the first project on @FantomFDN…

John E. Deaton, a well-known crypto advocate, has recently supported Bitcoin. In his recent interview that Anthony Scaramucci (a famous entrepreneur) conducted, Deaton reacted to the anti-crypto stance of US Senator Elizabeth Warren. He took to his official X account to reveal his discussion on this topic in a recent podcast. During his podcast, @Scaramucci asked what’s the first word that comes to my mind when I hear: #Bitcoin?My answer: FREEDOMMy entire life has been centered around a core concept of freedom: SELF-DETERMINATION. The America I grew up in, and the America I joined the Marine… https://t.co/1Ux1dnZRKY pic.twitter.com/2jQoKlZCxq — John…

Bitcoin’s funding rate is increasing on exchanges such as DyDx and Deribit. This surge has raised concerns among market observers and traders, particularly those with a bullish outlook on the cryptocurrency market. 📊 #Bitcoin’s funding rate is rising on exchanges like #DyDx and #Deribit. To avoid history repeating itself after last week’s top, those #bullish on #crypto want to see $BTC #FOMO staying low, with #shorts opening at the same (or higher) rate than longs. https://t.co/xlipAPHZPL pic.twitter.com/oD2qglaWvb — Santiment (@santimentfeed) May 13, 2024 To avoid a repeat of last week’s peak, bullish traders are hoping to see FOMO (Fear of…

As memecoins take the market by storm amid a fresh frenzy, one token seeing some slight dip is JasmyCoin (JASMY). JASMY dips as DWF Labs sents coins to exchange JasmyCoin’s price soared over the past three days, reaching highs of $0.04 on June 2. However, the token’s value has slipped to $0.034 as latest on-chain data indicates a leading crypto market maker has deposited a huge amount of JASMY to Binance. According to Spot on Chain, DWF Labs has deposited millions of JASMY tokens on exchanges in the past three days. In particular, DWF Labs’s cumulative deposits to Binance over…

The New Popular Front, a coalition of left-wing parties, won 188 seats in France’s election on Sunday – the biggest winners, but not enough for a majority. President Emmanuel Macron’s Ensemble won 161 seats, while Marine Le Pen’s far-right National Rally secured 141. The lack of an outright majority could make forming new policy, including crypto regulations, harder, said Mark Foster, the EU policy lead at the Crypto Council for Innovation. France’s general election unexpectedly saw a left-wing coalition, the New Popular Front, win the most seats on Sunday, but the group fell short of a majority in the National…

Famous CNBC host Jim Cramer recently took aim at business intelligence MicroStrategy. The 69-year-old “Mad Money” host recently warned his audiences against buying the company’s stock. Those who want to get exposure to Bitcoin should purchase the largest cryptocurrency directly, according to Cramer. The bull case MicroStrategy has substantially outperformed Bitcoin on a year-to-date basis. According to investment banking company TD Cowen, the stock could experience a significant surge this year. Institutions dipping their toes into Bitcoin ETFs could prove to be a major bullish catalyst for MicroStrategy, according to TD Cowen. The company has also been predicted to benefit…

A Woori Bank employee has reportedly been arrested for embezzling $15 million by manipulating loan documents and using the stolen funds to buy crypto. A Woori Bank employee has been arrested on Monday after being indicted for embezzling ₩18 billion (approximately $15 million USD) through the manipulation of loan documents and subsequent investment in cryptocurrencies. According to local news reports, the employee, who managed corporate loans at a Woori Bank branch in Gimhae, South Korea, allegedly falsified loan documents 35 times over a 10-month period from July 2023 to May this year. The fraudulent loans were taken out in the…

Bitcoin’s price drop last week, exacerbated by German government transfers, pushed hashprice to an all-time low of $44.31/PH/day, despite a 5% downward difficulty adjustment. Last week’s Bitcoin (BTC) price drop, worsened by German government liquidations, had pushed hashprice, a metric that represents the miner revenue on a per terahash basis, to an all-time low, triggering memories of the summer of 2021 when China’s Bitcoin mining ban caused similar disruptions in the crypto’s mining ecosystem. As per data from crypto mining analytics firm Hashrate Index, last week hashprice plunged down to $44.31 per petahash per day (PH/day), what appears to be…

Bitcoin whales accumulate amidst market volatility, signaling long-term confidence. Major investors’ 49,274.2% profit showcases Bitcoin’s historic profitability. Bitcoin whales are making waves with significant accumulation moves. Today, two notable whales bought a staggering 791 BTC, equivalent to $49.8 million, seizing the opportunity at the market’s bottom. This strategic move comes amidst ongoing volatility and uncertainty in the digital asset space. One such whale, identified by the wallet address 1LXdAT, has been steadily accumulating Bitcoin since March 19, amassing a total of 4,736 BTC valued at a whopping $309 million. With an average purchase price of $65,264. Similarly, the wallet address…