Author: NBTC

According to a recent report by Forbes, Binance CEO Changpeng Zhao personally owns 94 million BNB tokens (or roughly 64% of the exchange’s total supply). Based on the forensic analysis of the wallets conducted by Forbes, CZ controls more than half of the 80 million tokens that he and Binance’s founding team received after the exchange’s creation. During Binance’s initial coin offering (ICO), which took place in 2017, 100 million BNB tokens were allocated for the crowd sale. However, Forbes has now revealed that the ICO was undersubscribed, meaning that demand failed to meet the available supply. According to its…

The intersection of cryptocurrency and US politics is becoming increasingly apparent. Coinbase CEO Brian Armstrong emphasized a bipartisan approach during a panel with Ark Invest CEO Cathie Wood, as former President Donald Trump declared himself the “head of crypto” and met with leading Bitcoin mining executives. Coinbase CEO Brian Armstrong Defends Bipartisanship After Trump’s Crypto Support During the panel, Wood cited Trump’s recent pro-crypto statements and interactions, noting the former president’s divisive reputation. However, he acknowledged that Trump’s support raises awareness about the crypto movement and highlights its bipartisan potential. Without directly mentioning Trump, Armstrong emphasized the importance of addressing…

The landscape of cryptocurrency investments through Exchange Traded Funds (ETFs) continues to evolve with dynamic shifts, as indicated by recent data. An analysis of the latest trends reveals substantial movements within various Bitcoin-focused ETFs, showcasing their influence on market behavior and investor sentiment. Substantial Movements in Leading ETFs The data from May 31 illustrates significant activities across several prominent Bitcoin ETFs, reflecting the diverse strategies of asset managers and the fluctuating interest from investors. Fidelity’s Wise Origin Bitcoin Fund led the way, bolstering its holdings by 1,727 BTC, valued at approximately $116 million. This substantial addition brings Fidelity’s total Bitcoin…

Video game retailer GameStop postponed its annual meeting until further notice after technical difficulties prevented shareholders from joining, due to overwhelming demand from fans and investors trying to listen in on the firm’s next moves. This comes amid speculation that the firm will try to add prominent influencer and investor Roaring Kitty (aka Keith Gill) to its board, after an unverified document announcing the annual meeting of stockholders circulated on social media. During the meeting, shareholders will have to elect five directors to serve for the next year. Some Roaring Kitty fanatics took this as a sign that the GameStop…

Notcoin (NOT) has surged more than 11% in the past 24 hours, breaking above $0.021 as bulls hit a two-week high. The Telegram-based game token’s price is likely to rally further amid fresh momentum for the related Toncoin (TON) coin, which hit a new all-time high on Friday to push 100% of addresses into profitability. After surging double-digits, Notcoin’s market cap has reached $1.9 billion, ranking the recently launched coin of the viral tap-to-earn game 49th among largest cryptocurrencies by market cap. In comparison, VeChain (VET), Maker (MKR) and Optimism (OP) have all declined over the past 24 hours, dropping…

One of the crypto industry’s biggest cheerleaders in Washington isn’t seeking reelection, but he’s confident that momentum for moving policy forward can continue with the right messaging. “Looking back at this Congress with probably not a lot of success on bigger bipartisan issues, I’m very optimistic that this could be one of the bright spots,” Rep. Wiley Nickel, D-N.C., said of crypto cooperation on Capitol Hill. Nickel spoke at the Coinbase State of Crypto event in New York Thursday. Earlier in the day, during a conversation with Ark Invest CEO Cathie Wood, Coinbase CEO Brian Armstrong similarly noted that he…

The flagship cryptocurrency Bitcoin ($BTC) has been seeing an influx of capital from whale wallets, which have been adding around $1 billion worth of BTC per day, according to data from the cryptocurrency’s blockchain. That’s according to the CEO of cryptocurrency analytics firm CryptoQuant, Ki Young Ju, who revealed on the microblogging platform X (formerly known as Twitter) that the robust accumulation suggests that these funds are “likely custody.” In his post, Young-Ju highlighted a parallel between Bitcoin’s current behavior and the market activity of mid-2020, before a bull run in 2021. During that period, Bitcoin’s price remained relatively stable,…

Alan Blinder, a former Vice Chairman of the FED and currently a professor at Princeton University, shared his views on the FED’s monetary policy direction for 2024 in a recent interview. Blinder argued that the FED maintains its tendency to reduce interest rates and that interest rates may be reduced twice this year. Blinder dismissed the idea of the Fed raising interest rates as “fantasy” and said it was no longer a possibility. Evaluating the steps taken in the past, Blinder claimed that the FED was influenced by its previous hesitations about immediately increasing interest rates, which caused inflation to…

Zilliqa, under the circumstances of the current developments in blockchain technology, is about to introduce all major advancements with the release of Zilliqa 2.0 version present in its just-released whitepaper. This update marked a significant step to build a stronger, faster, and seamless blockchain ecosystem. The digital universe continues its growth, and Zilliqa 2.0 intends to make the integration of blockchain technology ubiquitous and just as easy to consume as the regular internet. Revolutionary Features of Zilliqa 2.0 Zilliqa embarks on a new era, which comes with innovative changes that solidify it as an important player in the Web3 space…

Ripple Labs claimed that the $2 billion penalty requested by the SEC was disproportionate, citing the Terraform Labs-SEC agreement as an example against the proposed heavy penalty in its ongoing legal battle with the SEC. In the Ripple case, the SEC demanded that the company pay a $2 billion fine for XRP sales to institutional investors. Stating that the penalty requested from Ripple was disproportionate and exorbitant compared to the penalty of $ 4.47 million requested from Terraform Labs, Ripple lawyers claimed that a fair penalty for Ripple should be around $ 10 million. Ripple lawyers included the following statements…