Author: NBTC
A decade of imprisonment ends with a simple two-word message. Ross Ulbricht, the creator of Silk Road, has been pardoned and released, and Vitalik Buterin, Ethereum’s creator, welcomed him back with a subtle but iconic gesture — a “GM Ross” on social media. No stranger to symbolism, the phrase “GM” carries more weight in the crypto community than one might assume. It is shorthand for “good morning,” a greeting that has become a rallying cry for optimism and unity among crypto enthusiasts. For a figure like Buterin to use it in this context signals a moment of significance, both for…
At its lowest exchange reserve in seven years, Bitcoin has achieved a noteworthy milestone. The exchange reserve chart shows a steep decline to 20.4 million Bitcoin on exchanges. Fewer coins are available for instant trading when the reserve is this low, which could be a bullish indication for the market. Bitcoin is trading above $100,000 on the price chart for the first time since its recent breakout, indicating encouraging momentum. The stage is set for further bullish performance following the breakout of important resistance levels such as the 50 EMA. The price increase and the shrinking exchange reserves point to…
Soneium, a popular Ethereum L2 blockchain, has announced its partnership with SonovaNFT, a well-known NFT marketplace. The collaboration underscores a landmark development in redefining the NFT innovation, to increase digital creativity. The platform took to social media to provide the details of this partnership. 1/ We’re excited to welcome @SonovaNFT and its vibrant creator community to the Soneium ecosystem.Community will be able to experience Sonova’s NFT marketplace on Soneium.Own your piece: https://t.co/cIcDFDTlby pic.twitter.com/MnwNdnGQ72 — Soneium 💿 (@soneium) January 24, 2025 Soneium Partners with SonovaNFT to Increase Accessibility for NFT Collectors and Creators Soneium disclosed that, by collaborating with SonovaNFT, it…
On March 28th, 2023, Flagstar Bank, the acquirer of Signature Bank, informed my company that they would not be assuming our bank account. They also closed accounts unrelated to crypto that I had set up for my family. Fluence was just one of many de-banked in 2023 as part of Chokepoint 2.0, one prong of the Biden administration’s war on crypto. The End of Unfair Actions against Crypto Other founders suffered far more, with the Securities and Exchange Commission (SEC) actions towards them unless they shut down projects they had already left. The more public actions of the previous Joe…
Robert Kiyosaki, financial and investment expert and the author of the best-selling book “Rich Dad Poor Dad” has taken to social media to discuss with his followers an asset that he strongly believes in, aside from Bitcoin. “Silver is going to take off”; “Supply low…demand high” This time, Robert Kiyosaki chose silver as the topic for his tweet. That is one of the three assets that he believes to be safe haven ones, predicting their prices to skyrocket in the near future. The other two are the world’s bellwether cryptocurrency Bitcoin and the most popular precious metal – gold. In…
On Jan. 24, THORChain announced via X that it had paused its network due to excessive debt and leverage issues impacting its ecosystem. The platform owes nearly $200 million in ecosystem debt. In DeFi, ecosystem debt occurs when a blockchain owes more tokens than it holds, as seen with THORChain’s current situation. This often results from overambitious promises or mismanagement, leading to financial imbalances. On the other hand, leverage risk comes when users are using their crypto assets as collateral to borrow against to improve their positions. Leverage risks can magnify profits but also come with massive losses if the market…
Nate Geraci, CEO of The ETF Store, brought on discussions within crypto twitter when he predicted Cardano (ADA) to be the next digital asset to see spot ETF filings. With the surge of interest in crypto ETFs, ADA might soon join the race. Top 10 crypto assets by market cap…2 have live ETFs3 have live ETF filingsGuessing cardano is next pic.twitter.com/XhI8NqUa2B — Nate Geraci (@NateGeraci) January 23, 2025 Geraci believes ADA is a strong contender for issuers, alongside Avalanche (AVAX). This comes as the market shows growing interest in crypto index funds and spot ETF filings for coins like Solana…
Coinbase has petitioned a U.S. appeals court to rule on whether or not the crypto trading activity on its platform should be subject to securities laws. In a Tuesday court filing, lawyers for Coinbase urged the Second Circuit Court of Appeals to hear its case, arguing that it “presents the single best opportunity to decide the fundamental legal question of how to treat the secondary trading of digital assets.” “This case cries out for the Court’s immediate attention,” lawyers for Coinbase wrote in their petition. “Whether secondary-market trading of digital assets falls within the federal securities laws is a question…
South Korean crypto exchanges Upbit, Bithumb have agreed to compensate users with the largest payout ever following system failures caused by the martial law declaration. Upbit and Bithumb, two South Korean crypto exchanges, have agreed to compensate users for technical failures that occurred during the martial law declaration in December, Korean news agency Yonhap reports. Combined, they will pay out over 3.5 billion won (around $2.5 million) in what is being called the largest compensation in South Korea‘s crypto history. According to reports submitted to the National Assembly, Upbit is set to compensate over 3.14 billion won for 596 cases,…
The ongoing consolidation on the market pushed forward a new frontline in the Shiba Inu (SHIB) ecosystem amid the search for balance. The burn rate skyrocketed by 612% overnight, becoming the only metric in the ecosystem with an uptick. Per data from Shibburn, more than 3 million SHIB were sent to inactive addresses, showcasing how committed the community is to deflating the SHIB supply. Matching SHIB burn with price The SHIB burn metric is considered a unique litmus test for the health of the meme coin project. Following the burn rate, which removed exactly 3,244,007 SHIB, the total tokens now…