Author: NBTC
The brutal sell-off in the crypto ecosystem this week is serving as a major buying incentive to Solana (SOL) whales. According to data from Lookonchain, 96,180 Solana have left the Binance exchange in one of the biggest acquisition moves thus far this week. Solana whales staking In what is considered a daring move by the community, the whale withdrew from Binance at a combined worth of $12.45 million. One interesting twist in this transaction is that the wallet that bought the Solana from Binance was created just hours ago by another anonymous wallet. However, the maiden transfer through this wallet…
Bitkub Exchange, a popular digital asset trading firm in Thailand, has announced an exclusive partnership with Mantle, an L2 blockchain ecosystem. The partnership targets to expand the adoption of DeFi and the awareness about it. The platform took to social media to announce the respective development. 💚 Bitkub Exchange is working with @Mantle_Official to Empower On-Chain Finance.🌟 Bitkub Exchange and @Mantle_Official seeks to broaden the education and adoption of decentralized finance (DeFi) and empower secure on-chain finance participation..*Disclaimer: Digital assets… pic.twitter.com/HooMXpsDwk — Bitkub.com (@BitkubOfficial) February 28, 2025 Bitkub Exchange Collaborates with Mantle to Increase DeFi Adoption As per Bitkub, the…
As Ethereum’s Pectra upgrade gets closer, Alchemy’s Will Hennessy talks about why EIP-7702 isn’t for beginners and what blockchain developers need to be aware of. Ethereum developers have announced that the highly anticipated Pectra upgrade will launch on April 8. The update will introduce new mechanisms aimed at boosting Ethereum’s transaction processing speed, reducing gas fees, and adding smart accounts that can execute multiple transactions simultaneously and even pay gas fees with different cryptocurrencies. While the update is set to go live on the mainnet in April, it has already been rolled out on Ethereum’s Holesky testnet, though the rollout…
Ardoino remarked that he envisions a financial reset that would bring fiat currencies to their knees, rendering USDT useless. In this dire situation, bitcoin will become the only alternative to avoid devaluation and hyperinflation. Tether CEO Paolo Ardoino Heralds the Eventual Death of USDT Tether CEO Paolo Ardoino has come out as a bitcoin maximalist, explaining that in a distant future, bitcoin will overcome all of its fiat pairs. In a recent podcast, Ardoino stated that in this hypothetical future, Tether’s USDT had no place. Ardoino believes that all fiat currencies will eventually sink together, falling as a consequence of…
Bitdeer has seen a flurry of activity in recent days as it makes strategic moves in the face of falling revenue and continues to move forward with long-term plans. The Singapore-based, Nasdaq-listed Bitdeer purchased 100 Bitcoin this week in two operations. It bought 50 BTC at $90,280 on Feb. 25, the same day its fourth-quarter 2024 financial report was released. On Feb. 27, it purchased another 50 BTC at $81,475 each, for a total outlay of $8,587,750. On Feb. 23, before the purchases, Bitdeer held 911 BTC. Bitdeer buys the dip, announces repurchase On Feb. 28, the company announced the…
Blockchain and Crypto have a complicated status in China: Beijing says no to crypto but yes to blockchain. It bans trading yet builds infrastructure. Now, with Hong Kong offering regulated crypto markets, insiders say a loophole is emerging. If China already allows investors to buy U.S. stocks through its Qualified Domestic Institutional Investor (QDII) program, why not bitcoin? The key, one expert argued on stage at Consensus Hong Kong, is control, and Beijing may have just found a way to keep it. In China, there are two systems for mainland investors to buy and sell stock outside China. First, there’s…
Ethereum’s core developers decided Thursday to proceed on schedule with the network’s highly anticipated Pectra upgrade, even after a testnet deployed to serve as a practice run for the update failed to finalize earlier this week. On Monday, Ethereum’s developers initiated the Holesky testnet, an effective dress rehearsal of the Pectra upgrade that wouldn’t impact the network’s mainnet. In a somewhat rare occurrence for Ethereum, the testnet failed to finalize. Days later, the mock upgrade still hasn’t been successfully implemented. During a developer meeting this morning, Ethereum’s leadership acknowledged that the problem posed by the incident was serious—but also highly…
Peru has emerged as a major player in the Latin American bitcoin sector. According to Lemon’s most recent research, “Estado de la Industria Crypto 2024,” (State of the Crypto Industry 2024) the country ranks seventh in terms of cryptocurrency value received. The report shows that the country ranks third in annual growth within the area. This rapid ascension is being driven by developments in legislative frameworks, technical integration, and growing public interest in digital assets such as Bitcoin. According to Cointelegraph, several factors such as improvements to regulations, the development of technology and an ever-growing population interest in topics digitally owned…
Amid the ongoing downtrend in the broader digital asset market, Jito (JTO) is attracting significant attention from market participants due to its growth potential. Today, according to data reported by Spot on Chain, a whale bought massive amounts of Jito and sent them all into staking. A newly created wallet just withdrew 96,128 $SOL ($12.37M) from #Binance at $128.6 and staked it all with #Jito.Notably, it links to a whale who closed its first SOL trade at a higher price of $140.8 ~3 days ago, allegedly profiting $4.58M (+51%) after a year of staking.… pic.twitter.com/zYHSODbXc8 — Spot On Chain (@spotonchain)…
Crypto transfers are being restricted in Europe through heavy know-your-customer (KYC) procedures and blocks, potentially linked to the Travel Rule, according to several local reports. Hasu, the strategy lead at Flashbots, reported that Coinbase is blocking transfers in Europe to recipients other than the user. Additionally, when sending crypto to a self-custodial wallet, the user must sign a message to prove ownership. If the user receives funds instead of sending them, the sender must be identified, including passport identification. This applies even if the user sends money to his Coinbase account from another source. Hasu said he didn’t try to…