Author: NBTC

The official Shiba Inu handle on Twitter/X has made a mega bullish and ambitious statement in regard with the SHIB-DOGE rivalry in the cryptocurrency market. This statement comes three weeks after the mysterious SHIB lead Shytoshi Kusama said that nothing has changed between DOGE and SHIB and Shiba Inu remains “a Dogecoin killer.” “Secret wags” and “much wows” incoming for SHIB The SHIB Twitter handle cited a post published by the major Crypto.com exchange, where it shared the fact that Shiba Inu is the second largest meme cryptocurrency after Dogecoin in terms of market capitalization. The post reminded the cryptocurrency…

In notable crypto market activity, it was revealed by Whale Alert that a substantial volume of Shiba Inu tokens, totaling two trillion SHIB, was transferred from the KuCoin exchange to an unknown wallet. This transfer, valued at over $62 million, occurred recently and has garnered attention within the meme-inspired cryptocurrency community. According to reports from Arkham Intelligence, an on-chain explorer, the recipient of this substantial amount of SHIB tokens appears to be KuCoin itself. Further analysis indicates that the exchange’s address also held tokens worth approximately $390 million, with Shiba Inu being the biggest asset within this portfolio after a…

Controversial internet personality and self-described misogynist Andrew Tate claims he made $85 million on Binance-supported, so-called decentralized exchange PancakeSwap. Tate, who currently faces — and denies — charges of rape, sexual assault, and human trafficking in Romania and the UK, didn’t provide any dates, coin prices, or wallet addresses to allow researchers to investigate his claim. This has, understandably led many to doubt that he could have made so much money on such a relatively obscure exchange. However, as usual, the truth of his claims barely mattered as he quickly parlayed that incredible PancakeSwap claim into a promotional advertisement for…

The MFSA agreed to settle pending matters with OKX after the demonstration of goodwill in the form of a 304,000 euro ($322,000) penalty. OKX and the MFSA also agreed on a number of measures, including the appointment of an independent third-party service provider to review the adequacy of the exchange’s governance arrangements. Last month, OKX, the second-largest cryptocurrency exchange, reached a little-noticed 304,000 euro ($329,000) settlement with the Malta Financial Services Authority (MFSA) for certain “failings” related to its Okcoin Europe subsidiary. The Malta regulator’s investigation found failings with respect to Article 41 of the MFSA Virtual Financial Assets Act,…

In a rather unexpected statement, Charles Hoskinson, the founder of Cardano, has made a bold prediction that transcends the boundaries of blockchain technology. Surprisingly, this prediction does not revolve around Cardano’s native cryptocurrency, ADA, but rather delves into the realm of computational power and artificial intelligence. Hoskinson stunned his 982,300 followers on X with his forecast that by the year 2030, users will have the capability to run a model 1,000 times more powerful than Mixtral on a standard gaming PC. This prediction hinges on the convergence of specialized hardware and advanced model optimization techniques, ushering in a new era…

According to a report published by Finbold, it has been claimed that the European Union (EU) has banned the use of anonymous self-custody cryptocurrency wallets for cryptocurrency payments of any size. Patrick Hansen, Strategy and Policy Director of stablecoin company Circle, explained that self-storage wallets are not banned under the new law. Payments to and from self-custody wallets are also not prohibited, and practices such as peer-to-peer (P2P) transfers, self-custody software and hardware wallets are expressly excluded from the Anti-Money Laundering Regulation (AMLR), according to Hansen. However, Hansen noted that, for example, paying merchants with crypto from a self-custodial wallet…

KuCoin CEO Johnny Lyu has reacted to the growing messages of fear, uncertainty, and doubt (FUD) circulating in the community amid the recent charges filed against the prominent exchange by the U.S. government. Lyu emphasized that such regulatory action is not unique to KuCoin but is widespread in the crypto scene. “The challenge we’re facing is not unique to KuCoin but rather typical growth and regulatory issues encountered by emerging industries,” the KuCoin CEO remarked. The challenge we’re facing is not unique to KuCoin but rather typical growth and regulatory issues encountered by emerging industries. Early-stage development often sees regulatory…

With the market dip taking a different toll on different digital currencies, Dogecoin (DOGE) appears to be plotting a strategic way to sustain its current bullish recovery. The digital currency is changing hands for $0.1356, up by 7.19% in the past 24 hours, per data from CoinMarketCap. Current whale volume data from IntoTheBlock (ITB) shows renewed interest that can spark DOGE’s parabolic run in the midterm. Dogecoin whales back in full swing With the latest bouts of liquidations, the crypto market has suffered and the Dogecoin price has plunged as low as $0.12, with a 21.23% slump in the trailing…

A flurry of claims about an EU-wide ban on anonymous crypto wallets and transactions has been debunked by industry expert Patrick Hansen. In a lengthy thread on the X social media network, Hansen has explained what the EU’s Anti Money Laundering Regulation (AMLR) actually entails for the industry. Understanding the AMLR’s reach The AMLR, contrary to widespread belief, does not single out cryptocurrency regulations. Instead, it serves as a broad anti-money laundering and counter-terrorism financing (AML/CFT) framework applicable to a range of institutions deemed “obliged entities” (OEs). These entities span financial sectors, including crypto-asset service providers (CASPs). They also extend…

SIX-listed TONN will offer investors staking rewards without having to set up their own node. TON is the native token of The Open Network, which is the blockchain of choice for Telegram’s Web3 infrastructure. Telegram started work on TON in 2018, later abandoning it following action from the SEC. Crypto asset manager 21Shares listed an exchange-traded product (ETP) for staking toncoin (TON), the token of The Open Network, which has received endorsement of messaging app Telegram. The 21Shares Toncoin Staking ETP (TONN), which listed on Swiss SIX Exchange on Wednesday, will offer investors staking rewards without the hassle of setting…