Author: NBTC
Bitcoin’s mean transaction fee has reversed the post-halving Runes-led spike. Analysts said the decline in fees and the stalled BTC price rally may lead to selling pressure from miners. Bitcoin (BTC) miners reduced their coin inventory before the reward halving took effect on April 19. The trend could soon resume as the blockchain has become cheaper to use, squeezing miners’ revenue. “Daily average network fees spiked after the halving, offsetting some pain for bitcoin miners. However, fees have since come down as the initial rush of users to the Runes protocol cooled off,” analysts at Kaiko said in a weekly…
Prominent crypto payment firm Ripple may be set to offload as much as 400 million XRP this June, negating past trends. This inference is drawn from Ripple’s atypical XRP transaction activities observed during the unlocking of 1 billion XRP for the month. Before the scheduled unlock, Ripple engaged in significant XRP shuffling between various wallets on June 1. Ripple Shifted 1B XRP Before Official Escrow Unlock Blockchain records indicate that at 21:30 UTC on June 1, Ripple moved 200 million XRP, worth approximately $104.1 million, from the “Ripple 24” wallet to its main operational wallet, “Ripple 1.” Four minutes later,…
The MiCA stablecoin regime came into effect yesterday. However, its implementation was met with some uncertainty and challenges regarding the scope, application, and impact of the new rules. What is MiCA? MiCA, or the Markets in Crypto-Assets Regulation, is a comprehensive regulatory framework for crypto assets and related services across EU countries. MiCA aims to foster innovation, ensure consumer protection, maintain market integrity, and support financial stability in the EU crypto market. The MiCA proposal was introduced in 2020, with its final text approved by the members of the European Council in October 2022. Following its publication in the Official…
Blockchain has the ability to support many new applications, and few are more promising than the tokenization of real-world assets, which combines the flexibility of decentralized trading with the tangible value found in traditional financial markets. Increasingly, more organizations are exploring the possibilities of asset tokenization, which provide avenues for increasing liquidity in markets and alternative funding sources. But getting into tokenization itself can be a daunting proposition, as very few companies actually have any idea how to go about tokenizing a real-world asset. Why tokenize a real-world asset? Tokenization refers to the process of taking a real-world asset such…
The crypto market has endured volatility since late March, and savvy investors are now eyeing airdrops as a potentially lucrative avenue. For investors and crypto enthusiasts, these airdrops offer the chance to acquire new tokens and join the vibrant crypto communities. eBTC, Dyson Finance, and Kinetix Announce Campaign to Reward Users Airdrops aim to distribute free tokens while attracting new followers and expanding user bases. This June, there are three significant airdrops to watch – eBTC, Dyson Finance, and Kinetix. eBTC Announces Round 3 of Get Paid to Borrow Bitcoin Campaign eBTC is capturing attention with its “Get Paid to…
Russia’s sanctioned business association considers a national Bitcoin fund to enhance the use of digital financial assets in foreign trade. The Russian Union of Industrialists and Entrepreneurs (RSPP), a sanctioned Russian union representing the country’s wealthiest business figures, is considering launching a national crypto fund to use crypto in foreign trades as Russian business explores options to circumvent Western sanctions. In an interview with Russia’s newspaper Vedomosti, managing director of financial policy and financial markets at RSPP Andrey Lisitsyn said the fund would be based on Bitcoins (BTC) produced by local miners. Russia would then issue digital financial assets (DFAs)…
With the majority of assets in the cryptocurrency sector slowing down their gains, including the market’s representative, Bitcoin (BTC), the situation may soon change, particularly as Bitcoin miner revenue recovers, according to the observations of a renowned crypto trading expert. Specifically, the historical trends show that Bitcoin miner revenue tends to recover in two to five months after the halving, and after that, the price of Bitcoin “goes vertical” as the crypto analyst and creator of the stock-to-flow (S2F) model in predicting Bitcoin’s price, PlanB pointed out in an X post on May 14. Indeed, monthly Bitcoin miner revenue has…
In the last 24 hours, Notcoin (NOT) has defied the broader market correction, surging over 22% to $0.02561. Despite encountering resistance at $0.02643, the cryptocurrency has maintained its upward trajectory. As of press time, NOT was exchanging hands at $0.02561, a 22.93% surge from the intra-day low. However, despite some volatility and resistance, the NOT price maintained a generally upward trajectory. Accompanying this rally, the NOT trading volume substantially decreased by 55.37% to $2,068,903,697 from the previous period. This trend suggests a reduction in trading activity, with traders taking profit from the recent surge. NOT/USD 24-hour price chart (source: CoinMarketCap)…
Circle is claiming bragging rights as the first global stablecoin issuer to comply with MiCA. Before the rules took effect on June 30, some exchanges delisted euro-denominated stablecoins, such as Tether’s EURT. Stablecoin issuer Circle has secured an Electronic Money Institution (EMI) license, a prerequisite to offering dollar- and euro-pegged crypto tokens in the European Union (EU) under the Markets in Crypto-Assets (MiCA) regulatory framework. Circle, whose USDC is the largest dollar stablecoin after rival Tether’s market-leading USDT, is claiming bragging rights as the first global stablecoin issuer to comply with MiCA. Before rules took effect on June 30, some…
A decentralized identity management protocol, idOS, has been unveiled on the “Build on XRPL” show, promising to simplify user onboarding and enhance security in the growing world of decentralized finance. In the 10th episode of the “Build on XRPL” show, Julian, CEO and Co-founder of Fractal ID, unveiled the decentralized storage and access management protocol that simplifies user onboarding by reusing existing identification data, eliminating repetitive verification steps. Julian explained that the core mission of idOS is to enable a seamless identity verification process not requiring users to continually confirm their identity. “We are exploring ways to signal on-chain that…