Author: NBTC
Main Takeaways To kick off our seven-year anniversary (7YA) celebrations, Binance street and beach parties are popping up across the globe. Share what it means to you to ‘Be Binance’ and complete other tasks in our giveaways to share crypto rewards, exclusive merch and more! To stay updated on everything that’s been planned to celebrate you, our community, as we mark this milestone, follow our social media channels and use #BinanceTurns7 to find out more. Binance is gearing up to celebrate our seven-year anniversary on July 14, 2024! To mark this special occasion we are hosting a variety of global…
Bit Digital and Iris Energy reported June Bitcoin (BTC) mining results on July 5, posting one-year hash rate increases alongside reduced BTC output since April. Bit Digital reported a hash rate of 2.57 exahashes per second (EH/s) as of June 30, up from 2.54 EH/s in May and 1.78 EH/s in June 2023. The firm produced 61.7 BTC in June, down 2.5% from May. In earlier reports, the company said it produced 63.3 BTC in May and 119.3 BTC in April. The company also reported results of its other revenue streams, including aggregate staking rewards of approximately 49.8 ETH and…
peaq, known for its role as the layer-1 blockchain for DePIN and Machine RWAs, is expanding its ecosystem with SPIN.FASHION. This partnership marks a transformative era for luxury and art in the digital realm, as SPIN.FASHION—trusted by industry leaders such as Kering, Vogue, Galeries Lafayette, and H&M—pioneers a cutting-edge platform for minting, connecting, and trading next-generation phygital NFTs.—At the core of SPIN.FASHION’s innovation lies its ability to tokenize real-world art and luxury items, transforming them into on-chain RWAs complete with 3D digital twins. This integration not only enhances the authenticity of products but also introduces immersive extended reality (XR) experiences…
On May 15, 2024, at 05:00, Coinbase experienced a significant outflow of 16,021 Bitcoin, valued at approximately $989,561,227. This marks the seventh instance in 2024 where over 15,000 Bitcoin have been withdrawn in a single transaction. 16,021 $BTC Outflow from Coinbase“This is the seventh time in 2024 that there has been a outflow of more than 15,000 #Bitcoin” – By @burak_kesmeci Read the full post 👇https://t.co/X17bEV0yl0 — CryptoQuant.com (@cryptoquant_com) May 15, 2024 According to data from Glassnode, these large Bitcoin outflows have been recurring since February 19, 2024, when the first significant withdrawal of 18,746 Bitcoin occurred. Since then, similar…
Ethereum’s dominance in the DeFi space is facing a significant challenge as new blockchain platforms with substantial Total Value Locked (TVL) have emerged in the first half of 2024. This surge in competition signals a potential shift in the DeFi landscape, as investors seek out platforms offering innovative features, robust security, and attractive yields. Total Value Locked (TVL) represents the total value of assets held within a blockchain’s protocols and smart contracts. It’s a key metric because it reflects a platform’s liquidity, security, and user activity. Platforms with higher TVL typically offer better collateralization, which reduces risks in lending and…
Lugh, a European stablecoin provider, announced that it has stopped the issuance of its Euro-pegged stablecoin EURL due to the coming into force of the European Union’s Crypto Asset Markets Directive (MiCA). According to the statement made on its website, the company guarantees the repurchase of existing EURLs until August 30, 2024. This development comes after Binance, the world’s largest cryptocurrency exchange by trading volume, announced that it would soon limit the availability of “unregulated” stablecoins in the EU. While Binance has not specifically mentioned major stablecoins such as Tether’s USDT and Circle’s USDC, there are growing concerns that European…
Lawyers for Digital Currency Group, Barry Silbert and Michael Moro filed responses to New York Attorney General Letitia James’ latest effort to support a lawsuit against the crypto company and executives. The NYAG’s office sued DCG and the affiliated executives last year. Lawyers for cryptocurrency firm Digital Currency Group (DCG) and two of its top executives – CEO and founder Barry Silbert and Soichiro “Michael” Moro, the former CEO of DCG’s wholly-owned trading arm Genesis – have made a final effort to convince a judge to toss out New York Attorney General (NYAG) Letitia James’ civil fraud suit against them.…
Key Points: Emails reveal the Bankman-Fried family involved in over $100 million in political donations from FTX accounts. Joe Bankman, Barbara Fried, and Gabriel Bankman-Fried directed these funds to political causes. The Wall Street Journal revealed a new FTX $100 million scandal, showing Sam Bankman-Fried’s family involved in illegal political donations, leading to scrutiny and lawsuits over misuse of customer funds. SBF Family Linked To FTX $100 Million Scandal, WSJ Reveals It has just been revealed that emails from The Wall Street Journal show Sam Bankman-Fried’s family involved in over $100 million in political donations. FTX $100 Million Scandal Involves…
In the dynamic world of cryptocurrency, the ability to seamlessly exchange assets, data, and value across multiple blockchain networks is crucial. A wide array of reliable cross-chain bridges is essential for crypto users to navigate this landscape efficiently. According to data from DefiLlama, the top cross-chain bridges by volume in the past 30 days are listed below. Across tops the list with a staggering $1.05 billion volume over the last 30 days. This bridge has proven to be a favourite among users for its reliability and efficiency in cross-chain transactions. Top Cross-chain Bridges by Volume in last 30 daysThe wide…
Bitcoin price is up nearly 5% to tag $65,000, a level last tested on May 6. CPI report shows inflation eased in April, falling to 3.4% after March reading at 3.5%. Core CPI came in at 3.6% vs. 3.8% last month, both aligning with expectations and clearly bullish for BTC. Bitcoin (BTC) price jumped by 5% on Wednesday, seeing the American session outperform the Asian session for the first time in a while. Tailwinds sprouted fron US inflation release. Daily digest market mover: CPI report shows inflation eased in April, Bitcoin jumps 5% Bitcoin price showed strength on Wednesday after…