Author: NBTC

Etherfi, a well-known liquid restaking protocol on the Ethereum blockchain, will launch its own crypto ETHERFI tomorrow with a parallel airdrop dedicated to the platform’s early users. The new currency, farmable alternatively through Binance Launchpool until 00:59 tonight, will be distributed among all holders of “Etherfi points” who in recent months have locked their ether on the protocol receiving eETH in exchange. This airdrop could open the doors to other token distributions by the restaking protocol ecosystem, such as Eigenlayer and Swell. Below are all the details on how to verify your eligibility for Etherfi and how to get ready…

Shiba Inu (SHIB), the cryptocurrency that started as a meme, has ascended to become the fourth most traded cryptocurrency in the global market, according to CoinGecko data. This achievement marks a significant milestone for SHIB as it continues to gain traction among investors and traders alike. Notably, SHIB/USDT has become the second most-traded cryptocurrency pair on Binance, trailing only behind the heavyweight BTC/USDT pair. The red-hot meme coin has staged a massive comeback, surging by a whopping 111% over the past seven days alone, according to data provided by CoinGecko. Top coins by trading volume The current trading volume leaderboard…

As tension grows between cryptocurrency platforms and regulatory bodies worldwide, Nigeria has become the latest battleground. The African nation’s confrontation with Binance, a leading global cryptocurrency exchange, has escalated into a complex legal dispute, detentions of key personnel, and a broader debate on regulating digital currencies. The conflict reached a critical point when Binance announced its decision to cease offering services involving the Nigerian Naira. This decision came after a legal skirmish with Nigerian authorities, who have demanded nearly $10 billion in compensation, alleging the company’s involvement in currency speculation and manipulation. This drastic measure by Binance, slated to take…

Bitcoin is witnessing a resurgence, approaching historical highs from a few years ago. Anthony Pompliano, founder of Pomp Investments, discussed the current state of Bitcoin in a recent interview, highlighting key factors contributing to its bullish momentum. Anthony Pompliano’s Perspective on Bitcoin Rally In a recent CNBC interview on 5th March, Anthony Pompliano reflected on Bitcoin’s recent performance, likening it to a “rocket ship.” He emphasized the transformative impact of Bitcoin’s Exchange-Traded Fund approvals and notable institutional investments, such as BlackRock’s $11 billion allocation to the ETF. Pompliano noted that Bitcoin experienced significant inflows, with an astounding 12 times more…

May 2022 marked the end of Crypto’s last bull run, with the collapse of the TerraUSD stablecoin – an event that saw $45 billion in market capital wiped out in one week. The events that followed resulted in an unrelenting bear market finally ending. However, during this Crypto Winter, projects continued to be built and innovation didn’t stop. The events of the past 18-20 months have seen the industry at large actively trying to remedy the damage done, showing resilience and signs of maturity. How? Well, to start with, regulations have taken a central role in building the industry’s credibility,…

Backed by generally positive market sentiments, meme cryptocurrency Shiba Inu (SHIB) is demonstrating strength in the short term, propelling the token to shed a zero as it continues to rank among the best-performing digital assets at the moment. Before the current movement, SHIB had exhibited a sideways trading pattern in recent weeks as investors awaited a possible breakout amid notable onchain developments aimed at giving the coin more utility. With the recent uptick in SHIB’s valuations, investors are also reaping profits. Notably, data obtained by Finbold on March 3 from the crypto on-chain analysis platform IntoTheBlock revealed that 63% of…

With the cryptocurrency sector still waiting for the gavel to drop and officially mark the end of the protracted legal standoff between blockchain company Ripple and the United States Securities and Exchange Commission (SEC), the court has approved new remedies briefing deadlines. Indeed, the revised schedule permits the SEC to submit its opening brief by March 22, Ripple’s opposition is due on April 22, and the regulator’s reply is due by May 6, according to the court information shared by defense attorney James K. Filan in his recent Ripple SEC lawsuit update on March 14. #XRPCommunity #SECGov v. #Ripple #XRP…

The delay in retrieving the ADAHandles is one of the problems found by the crew. Until a solution is developed and tested, the ADAHandles will stay temporarily disabled. After much speculation, Cardano founder Charles Hoskinson has provided a response for the public on the latest malfunction of Nami, a wallet that the protocol bought to supplement its in-house-designed alternative, Lace Wallet. A team was formed to investigate the problem with Nami’s use of ADAHandles, as Hoskinson explained in his statement. The delay in retrieving these ADAHandles is one of the problems found by the crew. ADAHandles Temporarily Disabled To put…

Binance’s problems in Nigeria continue as two employees remain detained in the country. Authorities in Nigeria asked a court in the capital of Abuja to extend the detention of two executives who have been held since Feb. 26. Officials sought to extend the court order allowing the executives to be held, which lasted 14 days. Binance’s head of financial crime compliance, Tigran Gambrayan, and Nadeem Anjarwalla, the regional manager for Africa, are being detained in the country. They have not been charged with any crimes. Read more: Nigeria’s SEC issues second ‘Binance’ investor warning, cites exchange website Earlier this week,…

Bitcoin Virtual Machine (BVM) is a rapidly growing L2 protocol on Bitcoin. It allows users to create their own layer 2 networks and drives the value of its native BVM tokens. Developers told CoinDesk that the team plans “juicy” airdrops for BVM stakers, which could fuel demand for the tokens. Bitcoin Virtual Machine, a protocol founded late February, is gaining traction among traders betting on the general growth of the Bitcoin ecosystem, driving demand for its BVM tokens. Data shows that the project’s BVM tokens have added 35% in the past 24 hours, beating a general market decline. The CoinDesk…