Author: NBTC

In recent months, memecoins popularity surged within the crypto ecosystem. These assets had captured community attention with their origins rooted in beloved internet animal memes and shared interests among various crypto communities. However, the frenzy surrounding these assets recently veered into unsettling territory as new memecoins bearing offensive names and symbols, including racial slurs, anti-Semitic references, and Nazi imagery, emerged. Racist Memecoins Irks Crypto Community This development sparked swift and severe backlash, drawing condemnation from the cryptocurrency community. Camila Russo, a respected cryptocurrency journalist, expressed dismay at those purchasing these tokens in the present era. However, she acknowledged the freedom…

The United States Securities and Exchange Commission (SEC) has filed its final remedies-related reply brief and supporting exhibits in the Ripple lawsuit. Popular defense lawyer James Filan shared the development on X yesterday, stating that the motions are still sealed. According to Filan, the SEC’s filing will remain sealed until May 8, when a redacted version will be filed publicly. Notably, the SEC’s and Ripple’s lawyers will meet and confer today, May 7, to identify necessary redactions before the documents are unsealed. Possible Arguments in SEC’s Reply Brief Although the SEC’s reply remains sealed at press time, legal commentators expect…

The OP_CAT covenant proposal has been formally introduced as “BIP-420,” with the aim of enabling smart contracts, secure bridges, and on-chain trading on the Bitcoin network. introducing BIP-420: formal Bitcoin Improvement Proposal for OP_CAT it’s a historic day! today, after a long wait, the OP_CAT proposal formally received a BIP number. meet BIP-420! BIP-420 enables covenants on bitcoin, allowing for smart contracts, secure bridges, on-chain… pic.twitter.com/z6ItJT7LX4 — Udi | BIP-420 🐱 (@udiWertheimer) April 22, 2024 The proposal, authored by Ethan Heilman and Armin Sabouri, seeks to reintroduce the OP_CAT opcode to Bitcoin via a backward-compatible soft fork by redefining the…

Ethereum price is extended losses and tested the $2,940 support. ETH could start a fresh increase if it clears the $3,000 and $3,030 resistance levels. Ethereum remained in a bearish zone and traded below the $3,000 level. The price is trading below $3,050 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,940 support to start another increase toward $3,220. Ethereum Price Dips Below $3K Ethereum price remained in a bearish zone and…

Investors who currently hold 100 million or 500 million Shiba Inu (SHIB) tokens are likely to rake in massive returns if the cryptocurrency erases another zero to reach the $0.000256 mark. Data from the crypto analytics platform IntoTheBlock (ITB) shows that 841,770 addresses, or 63.08% of the total SHIB wallets, are in profit. The recent uptick in Shiba Inu’s price has shown promise of a potentially higher level in the long run. Should Shiba Inu hit a price of $0.000256 in the long term, 100% of current holders will be in profit. This article estimates how much money addresses with…

The Canada Revenue Agency (CRA) is cracking down on crypto, going after C$54m ($39.5m) in suspected unpaid taxes. It is also launching investigations into hundreds of crypto investors. The National Post reported Monday that Sahil Behal, a director general at the CRA’s compliance branch, revealed the agency is currently conducting around 400 audits on crypto-related activities. Still, he acknowledged a major need for public education regarding crypto tax obligations. Meanwhile, veteran tax lawyer, David Rotfleisch, criticized the CRA’s efforts as a “drop in the bucket.” He argued the agency needs to significantly increase education on crypto tax obligations for owners…

Earn Alliance and MetaLend have joined forces to revolutionize asset management and trading within the gaming community. This strategic partnership introduces a groundbreaking airdrop initiative designed to enhance the gaming experience for crypto enthusiasts worldwide.—MetaLend, known for its cutting-edge crypto trading platform tailored specifically for Web3 gaming assets, brings its expertise to the collaboration. By integrating MetaLend’s advanced technology with Earn Alliance’s expansive global ecosystem, gamers gain access to a highly-engaged community and a seamless platform for managing and trading their gaming assets.Joseph “Coop” Cooper, CEO & Founder of Earn Alliance, highlights the significance of the partnership: “MetaLend simplifies swaps…

After the long-awaited Bitcoin (BTC) halving event failed to kickstart an imminent massive rally, the cryptocurrency market is consolidating, providing an opportunity for those eyeing the flagship decentralized finance (DeFi) asset to purchase it at a lower price before the momentum eventually returns. As it happens, popular crypto trading analyst Michaël van de Poppe has observed that “boredom has come back into the markets,” and Bitcoin is “still consolidating within the range, through which this is now more than six weeks,” according to an X post published on April 23. Massive ‘buy the dip’ opportunity? That said, van de Poppe…

Grayscale CEO Michael Sonnenshein is reportedly “optimistic” about Ethereum ETF approval prospects. The head of the latest cryptocurrency asset manager expects the agency to do “the right thing.” As reported by U.Today, Grayscale recently withdrew its Ethereum futures ETF application after it was delayed in November. According to ETF analyst James Seyffart, it was a Trojan horse filing that was meant to get a 19b-4 order from the SEC. However, according to multiple analysts, Grayscale’s withdrawal likely means that it is not going to pursue another lawsuit against the SEC. Last August, Grayscale scored a massive victory against the agency,…

This article explores five low-priced tokens with the potential for notable gains when the bull market momentum rekindles. The crypto market’s bullish frenzy has momentarily encountered a setback as Bitcoin undergoes expected price corrections. Nonetheless, the bearish trend has ushered in another opportunity for the investing community to bag various token projects at discount prices. Meanwhile, some investors wary of high-priced coins may be uncertain about which lower-priced options to explore. In light of this, The Crypto Basic delves into five affordable assets worth considering during this bullish season. VeChain (VET) Topping this list is VeChain (VET), a crypto project…