Author: NBTC
As significant whale activities have a significant impact on the crypto market, a similar incident has recently taken place. As per SpotOnChain, the well-known on-chain analytics provider, an Ethereum whale has redeemed a huge amount of $ETH over the recent 17 hours. The platform took to its official account on the social media forum X to disclose this report. A massive whale (probably Abraxas Capital) has withdrawn 60K $ETH ($203M) from #Bitfinex at ~$3,387 in the past 17 hours.The whale then lent $ETH to #Spark to borrow $119M in stablecoins and deposited it to #Binance.The $ETH price is up by…
Abra has launched a treasury service for companies that want to hold bitcoin on their balance sheet as a reserve asset. The integrated offering combines custody, trading, borrowing, and yield services through separately managed accounts. Abra, the digital asset prime services and wealth management platform, has launched Abra Treasury, a service for corporates that want to hold crypto on their balance sheet as a reserve asset, the company said in a press release on Monday. The service will be operated by Abra Capital Management, which is an SEC-registered investment advisor, and will provide corporates, family offices, and non-profits with a…
Telegram-based game Notcoin has been responsible for this year’s biggest gaming token launch—and the price has only surged since then, more than tripling in value recently as The Open Network-based NOT token gains steam. Now the team has rewarded the earliest traders who made a bet on Notcoin’s future performance. Back in March, before the NOT token launched and Notcoin was purely playing with in-game coins, developer Open Builders launched a novel “pre-market vouchers” model. Players who had mined at least 10 million in-game coins could swap them for a tradeable NFT that could be redeemed for the eventual on-chain…
Vice president Kamala Harris’ odds of becoming the Democratic nominee for president this year more than quadrupled on Tuesday, according to traders on Polymarket, the crypto-based prediction market platform that’s seen torrid growth in an election year. “Yes” shares in a contract asking whether she will get the nod traded as high as 31 cents in the afternoon New York time, indicating the market saw a 31% chance it will happen, up from 7% earlier in the day. The shares retraced some gains and recently traded at 23 cents. Each share pays out $1 (in USDC, a stablecoin, or cryptocurrency…
Open Campus has announced that it has received a grant from the Fondazione Arbitrum to launch EDU Chain, the first layer3 blockchain for education. The project is supported by various other partners such as Animoca Brands. Arbitrum and its support for EDU Chain: the first layer3 blockchain designed for education Arbitrum and EDU Chain: the project of the first blockchain for education First place for TVL among L2 blockchains Arbitrum and its support for EDU Chain: the first layer3 blockchain designed for education Open Campus, a decentralized protocol dedicated to education, announced that the Arbitrum Foundation has sent a grant…
With Bitcoin transaction fees recently becoming a more critical component of miner revenue, Yves La Rose, CEO of Exsat, believes there is “an increased incentive to adopt and develop solutions that enhance transaction throughput and network efficiency.” According to La Rose, this can be achieved by integrating advanced layer two (L2) solutions which expand the functionality of the Bitcoin network through Ordinals and BRC20 tokens. Integration of L2 Solutions Can Help Sustain Mining Revenue In responses provided to Bitcoin.com News, La Rose, who is also the founder of the EOS Network Foundation, said such an integration not only helps sustain…
In a surprising turn of events, a whale from the Ethereum initial coin offering (ICO) era has reemerged after more than six months of inactivity. A wallet that participated in Ethereum’s ICO in 2015 and acquired 254,900 ETH at an ICO price of $0.311 per token transferred 7,000 ETH, equivalent to $24.28 million, to the Kraken exchange today. This transaction marks the end of a 209-day silence from this notable holder, who still retains a substantial 40,000 ETH valued at approximately $139.5 million. This whale’s movements have caught the attention of the cryptocurrency community—not only due to the sheer size…
Abra, a platform for digital asset management services, has launched a new product called Abra Treasury which is a service for corporations that want to hold cryptocurrency on their balance sheet as a reserve asset. The integrated offering combines storage, trading, borrowing and yield management services. The service is supported by Abra Capital Management, a company registered with the Securities and Exchange Commission (SEC). It will provide corporations, family offices and non-profit organizations with a range of digital asset management solutions. Clients can store their cryptocurrencies through a separately managed client service, allowing them to maintain ownership and control of…
There are interesting developments in the cryptocurrency wallet of Donald Trump, the former president of the United States and also a candidate in the new presidential race. As it is known, Donald Trump has his own NFT collection and the income he earns from it is transferred to his wallet as Ethereum. At the time this article was written, Trump’s cryptocurrency wallet contained $1.79 million worth of ETH. All of Trump’s assets other than ETH, whose total portfolio is approximately $25 million, are tokens airdropped by altcoin developers against his will. Until recently, the largest asset in Trump’s cryptocurrency wallet…
Ripple filed a Notice of Supplemental Authority, challenging the SEC’s regulatory approach. Ripple argues SEC’s regulation through court cases risks inconsistent results and lacks clarity. The SEC is expected to counter Ripple’s notice, referencing the Terraform Labs case. The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has been ongoing for over three and a half years. In the latest development, the SEC has significantly reduced its penalty demand from $2 billion to $102 million. Despite this, Ripple has rejected the SEC’s offer and instead filed a Notice of Supplemental Authority, as shared by Defense Attorney…