After being distributed in an airdrop and on many exchanges, Notcoin (NOT), a gaming token with over 35 million users, started trading at a fully diluted value (FDV) of $1 billion. According to CoinMarketCap, the coin generated $294 million in trading volume in its first hour of existence. By clicking on virtual coins and finishing in-game challenges, early players of the game—which can be accessible through the Telegram app—accumulated notcoin between January and April. A press statement states that in-game balances have been converted 1000:1. The maximum amount of Notcoin is 102 billion, of which 3% is reserved for Binance Launchpool users and a further 1.5% for OKX Jumpstart users. A staking mechanism has also been implemented by the project to encourage airdrop farmers to hold onto their tokens. Depending on the player’s level in the game, staking will be necessary to “earn extra rewards” and obtain access to more profitable staking pools. “It’s been an amazing few months,” said Sasha Plotvinov, founder of notcoin developers Open Builders. “We’re extremely proud that Notcoin’s viral growth has introduced millions to crypto and TON’s ecosystem.”

The newest development in the FTX bankruptcy case involves the transfer of a large claim against FTX EU, formerly known as K-DNA Financial Services, to FTXcreditor.While the transfer could expedite any further actions, smaller creditors run the danger of being negatively impacted. The claim is a component of the continuing Chapter 11 proceedings that were previously held against FTX EU, according to records filed in the U.S. Bankruptcy Court for the District of Delaware on May 15. The transfer was carried out in compliance with the Federal Rules of Bankruptcy Procedure, including Rule 3001(e)(2) regarding claims transfers. “Seller hereby waives any notice or hearing requirements imposed by Rule 3001 of the Federal Rules of Bankruptcy Procedure, and stipulates that an order may be entered recognizing this Evidence of Transfer of Claim as an unconditional assignment and Buyer as the valid owner of the claim.” Through the consolidation of all claims under one creditor, the move is a calculated attempt to streamline the administrative procedures involved in the bankruptcy case. Smaller creditors could be put at risk even though this could hasten the case’s resolution. Owing to the company’s sole point of entry for claims, smaller creditors may be overlooked in favor of larger creditors, who may receive worse terms.Michael Bottjer is the new single claim holder, FTXcreditor. The transferor’s name is still unknown at this point. “To protect the identity of

Over the last day, the cryptocurrency markets showed minimal movement, with the exception of a few meme currencies that saw enormous gains due to the prolonged impact of GameStop’s (GME) earlier this week’s share price increase on certain tokens. According to CoinGecko data, over the last day, Bitcoin (BTC) increased by just over 1%, ether (ETH) decreased by 0.5%, and the stocks of BNB Chain (BNB) and Solana (SOL) decreased by as much as 3%. With stablecoins excluded, the CoinDesk 20 wide index of the largest tokens was down 0.17%. The token with a dog theme, floki (FLOKI), surged 12% to become the most valuable among the top 50 by market value, while pepe (PEPE) surged 5% to reach a record high. Earlier in the week, meme tokens saw a surge as traders became more comfortable with taking risks following Keith Gill’s first X post since 2021. In 2021, Gill, a retail trader, helped cause a brief squeeze on GameStop’s shares through his online persona and investment methods.Gill did not specifically mention the company in the picture, but it was enough to send the stock skyrocketing, nearly tripling in value on Monday despite several trade halts. Still, the rally appeared to be waning. On Wednesday, pre-market trading saw a 13% decrease in the stocks. According to reports, some traders anticipated that his influence would lead to surges in meme stocks and tokens. Top meme coins and tokens with cat themes—which allude to Gill’s online persona as @TheRoaringKitty—have seen increases of up to 50% in recent days. On the Solana blockchain, a parody GameStop (GME) token saw a capitalization of $100 million earlier on Wednesday, rising by more than 700% over the previous week. Despite the gains for meme coins, some traders claim that the general outlook for bitcoin and other big tokens appears weak. “Neither the meme mania in equities, the overall positivity in stock indices, nor the weakening dollar seems to be helping cryptocurrencies right now,” said Alex Kuptsikevich, the FxPro senior market analyst, in an email.

According to many individuals with knowledge of the matter, the Senate is expected to approve a House plan on Thursday that would repeal the U.S. Securities and Exchange Commission’s Staff Accounting Bulletin 121. . A Senate source who is aware of the circumstances told Said that the bill is in a “good position” to pass

Broker Canaccord Genuity stated in a report on Tuesday following the crypto financial services company’s first-quarter results that Galaxy Digital (GLXY) is evolving its business in a deliberate and methodical manner, and even though the regulatory environment is still difficult, the company’s opportunity set and competitive positioning remain compelling. The CEO of the Toronto-based company,

The Securities and Futures Commission website includes a notice stating that HTX’s company in Hong Kong has once again withdrew its application for a virtual asset trading licence in the nation. The news of Houbi Hong Kong’s licence withdrawal was initially reported by The South China Morning Post. By the time of publication, an email

A document reveals that in the first quarter of the year, the state of Wisconsin in the United States acquired 94,562 shares of BlackRock’s iShares Bitcoin Trust (IBIT).Over $100 million is the market value of the shares. Fresh inflation data that came in higher than anticipated during US morning hours caused Bitcoin to rise 1% on the news, and it is currently trading at $61,957, down 1.7% over the last 24 hours. The first state to reveal the purchase of bitcoin is Wisconsin, which submitted its quarterly 13F filing to the Securities and Exchange Commission (SEC) on Tuesday.Additionally, the investment board paid around $64 million for shares of Grayscale’s Bitcoin Trust (GBTC). “Normally you don’t get these big fish institutions in the 13Fs for a year or so (when the ETF gets more liquidity) but as we’ve seen these are no ordinary launches,” Bloomberg Intelligence senior ETF analyst Eric Balchunas wrote in a post on X. “Good sign, expect more, as institutions tend to move in herds.”

The digital currency exchange Coins.ph said last week that the central bank of the Philippines has approved the company’s pilot programme for PHPC, a stablecoin backed by the Philippine Peso. According to the release, the programme will be supported by Coins.ph’s cash and currency equivalents kept in Philippine bank accounts and will fall within the

cryptocurrency exchange in India CoinDCX has developed the Okto wallet into an ecosystem, and on Tuesday, it will introduce a blockchain, a token, and a points system. Its co-founders, Neeraj Khandelwal and Sumit Gupta, stated in a recent interview that the goal is to provide customers throughout the world with a single-click mobile experience while

Coinbase, a cryptocurrency exchange, has returned to service following a three-hour outage that started at 4:15 AM UTC. The exchange’s status page states that it was back in operation at 07:42 UTC. An earlier notice reading “503 Service Temporarily Unavailable” was sent to website visitors. In a post on X, the exchange reported the outage

The concept of Handshake Domains may occur to you when you are coming up with ideas for the domain name of your website. You might be curious in the definition and usage of this term if you’re unfamiliar with it. Due to their registration on a blockchain network, handshake domains are distinct. Their exclusive availability

The CEO of the primary business in charge of creating the significant cryptocurrency trading platform, Antonio Juliano, is resigning from his position as the creator of the decentralized cryptocurrency exchange dYdX. Juliano announced on his blog that he would take over as chairman and president of dYdX Trading Inc. Its leader is replaced by Ivo Crnkovic-Rubsamen. “I will always be the leader of dYdX,” Juliano said in the post. But he also cautioned: “I have no idea what comes next for me.”

In order to help bitcoin (BTC) owners deploy their assets on-chain and earn income, the bitcoin lending protocol Zest has raised $3.5 million. Rich investor Tim Draper spearheaded the seed round, with support from Trust Machines, Flow Traders, Binance Labs, and other investors, Zest Protocol revealed via email on Monday. The Nakamoto update by Bitcoin layer 2 Stacks and bridge asset sBTC (pegged 1:1 to bitcoin) are utilized by Zest Protocol to fully natively construct a lending experience on the biggest blockchain network in the world. Users on Zest Protocol, which operates on the Stacks mainnet, will be able to participate in lending and other yield-generating activities after relying on sBTC to transmit bitcoin to fill their balance. “Bitcoin L2s like Stacks are set to play a key role in unlocking Bitcoin DeFi,” said Tycho Onnasch, founder of Zest Protocol. “Unlike on Ethereum, the creation of basic DeFi primitives such as liquidity pools isn’t possible on Bitcoin L1. The Stacks sBTC upgrade is set to be a watershed moment for Bitcoin

Blockchain expert ZachXBT claims that a $14.8 million hack affected the Bahrain-based cryptocurrency exchange Rain. 137.9 BTC and 1,881 ETH worth of wallets holding the stolen assets have been split up; these wallets have not been used since the hack on April 29. “It seems that on April 29, 2024, the cryptocurrency exchange Rain was

Liminal, a Singapore-based custody services provider, received regulatory permission in Abu Dhabi, marking a significant advancement in the company’s external development, representatives of Liminal said in a recent interview on Monday. The Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (FSRA) granted the company’s First Answer Middle East subsidiary the Financial Services Permission (FSP)

According to a China News Service story on Weixin, six individuals were detained by Chinese police for utilising cryptocurrencies to facilitate an illicit currency conversion business that handled about 2.14 billion yuan ($296 million). According to the state-run news agency, the “underground bank” was discovered by Panshi City, Jilin’s Public Security Bureau. The operation exchanged

The conversation over religion and technology has heated up since the Pope recently made a statement about AI. Religious programming was one of the early staples of both the new media, radio and television, when the initial transmissions made their way into homes throughout the globe. Nowadays, religious practitioners from all over the world are

Detaining foreign business people, according to SBM Intelligence, might make it more difficult for the nation to draw in investors. Africa-focused risk consulting company SBM Intelligence has issued a warning, stating that Nigeria’s attempts to attract foreign investment may be hampered by claims of bribery made by Binance CEO Richard Teng against government officials. The

ChatGPT is anticipated to be included in Apple’s upcoming operating software update, iOS 18, if the parties successfully complete the transaction. According to those acquainted with the situation, tech giant Apple is allegedly nearing completion on contract negotiations with OpenAI to utilise ChatGPT functionalities on the iPhone. According to a May 11 Bloomberg story, if

Crypto traders are keeping a careful eye on three key indications for confirmation that the altcoin market is currently in the “disbelief stage,” which, if history is any guide, may soon go on to a “explosive rally.” In a post dated May 11, crypto analyst Mikybull Crypto informed their 66,600 X followers that the market

Bitcoin is following the same route as it did during the 2016 Bitcoin halving event, with one indication indicating it may be nearing its local bottom and another predicting it may hit $350,000 during “the peak” of current cycle, according to cryptocurrency traders. “Bitcoin has repeated 2016 history perfectly, offering a downside wick below the

The activity of the Runes protocol has dropped dramatically since the first week of trade. In comparison to other times, there was a noticeable drop in activity on May 10th, with very few new wallets and mints engaging with the system. Runes Is’s compilation of a Dune analytics dashboard shows a consistent decline in the

Before the daily close on May 10, Bitcoin was testing $60,000 support as bulls were alarmed by the traditional post-halving “danger zone.” There were intraday BTC price lows of $60,190 on Bitstamp, according to data from Cointelegraph Markets Pro and TradingView. Attempts to maintain levels around $63,000 were thwarted by an abrupt decline, the cause of which has been loosely explained. Both the monthly buyers and the monthly open have been swept out once more. The majority of the decline was followed by popular trader Skew writing, “If bulls want higher & want to break this downtrend, its here imo,” in part of his most recent market commentary on X (previously Twitter). “Specifically key area for bulls to do something is $60.8K – $61K (also happens to be range low).” Commenting on the events, trading resource Material Indicators suggested that large-volume institutional players may be at work. “Speculating that some institutional entity may not want to see Bitcoin breakout over the weekend while the BTC