Author: NBTC
Glassnode analytics platform indicated that the percentage of Ethereum held on centralized exchanges is approaching all-time lows. The firm showed that only 14% of the total ETH supply was left. On-chain data from Santiment also revealed that Ethereum’s supply on centralized exchanges dropped to 8.97M and was approaching its all-time lows. The analytics firm also noted that the supply of ETH on exchanges had dropped to its lowest in nearly 10 years. ETH held on exchanges approaches all-time lows Glassnode, an analytics firm, indicated that the percentage of Ethereum held on centralized exchanges plummeted to 14%, nearing its all-time lows.…
Pelago Labs announced on March 25 that it leveraged integration with Stellar to build its crypto-enabled supply chain financing platform. The solution tokenizes and fractionalizes the account receivables of accredited buyers to create smaller and supplier-specific representations. Vancouver-based Pelago Labs claimed that its integration with Stellar was aimed at developing a crypto-enabled supply chain financing platform that unlocked pre-settlement liquidity for suppliers. The solution empowers suppliers to secure the working capital they need, backed by the buyer’s credit, to improve cash flow efficiency. According to Pelago Labs, suppliers can settle funds accessed through the platform in USDC on Stellar through…
Bitcoin is currently testing the crucial 100-day moving average at $95K, a key support level where a bullish rebound is anticipated. However, the asset remains confined between this threshold and the ascending channel’s midline, making a decisive breakout essential to confirm the next major trend. Technical Analysis By Shayan The Daily Chart Bitcoin is currently navigating a critical support zone, stabilizing around the 100-day moving average at $95K. This level holds strong significance as it has historically acted as a foundation for bullish rebounds, with buying interest evident at this juncture. Early indications of recovery suggest that bullish momentum may…
Stablecoin giant Tether has said that it is in talks with a Big Four accounting firm to get independently audited, according to a report on Friday by Reuters. The company—which is now based in El Salvador—has struggled to get a top accounting firm to independently audit what backs its stablecoin. The company is “engaging” with one of the top firms, the firm’s CEO Paolo Ardoino said, according to Reuters. The Big Four accounting firms are PwC, EY, Deloitte and KPMG. Tether did not immediately respond to Decrypt’s request for comment. Tether mints stablecoins—digital tokens backed by assets such as gold…
As Bitcoin and Ethereum lead the charge with spot ETFs, XRP may be the next cryptocurrency to follow suit. With increasing institutional interest and a growing number of asset managers filing ETF applications, the buzz around an XRP ETF is intensifying. Adding to the speculation is the emergence of new SEC leadership, which could influence the approval process. While no official timeline has been set, rumors suggest that XRP’s ETF could be approved by the end of 2024 or early 2025, especially with Paul Atkins, the crypto-friendly SEC chair under the Trump administration. His return could pave the way for…
Scammers are forging arrest warrants for missed jury duty, demanding payment in bitcoin and gift cards. They use realistic court-style documents and urgent threats to exploit fear of arrest. Court Warns of Forged Arrest Warrants Tied to Bitcoin Demands Over Missed Jury Duty The U.S. District Court of the Western District of Virginia announced on March 21 that a fraudulent scheme involving counterfeit arrest warrants is circulating in the region. The scam, which targets individuals under the guise of missed jury duty, uses forged documents that resemble official U.S. District Court forms and falsely claim to originate from the Eastern…
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Canaan Inc. announced Wednesday that subsidiaries have signed agreements to expand self-mining operations at facilities in Pennsylvania and Texas, adding approximately 4.7 exahash per second (EH/s) to its computing power. Canaan Eyes U.S. Growth with Pennsylvania, Texas Mining Sites Canaan (Nasdaq: CAN) entered a three-year colocation agreement with Mawson Infrastructure Group affiliate Mawson Hosting LLC for a Midland, Pennsylvania, facility. A separate 24-month hosting agreement covers a site in Edna, Texas. Most of the 4.7 EH/s hashrate is expected to be operational by Q2 2025, according to the announcement. Canaan CEO Nangeng Zhang stated the partnerships align with the company’s…
DFZ Labs, the creators of the Ethereum NFT project Deadfellaz, will launch a new asset verification tool that allows users to connect online and offline assets without signing transactions or accessing a website. Coldlink, now in beta, enables blockchain users to connect their blockchain address to any asset in Web2, Web3, or real life without incurring the security risk of blind signing or smart contract approvals, DFZ Labs said. “To ‘Coldlink’ something is to connect any digital asset safely to anything else without granting permissions to the wallet holding the asset,” DFZ Labs pseudonymous CEO Betty told Decrypt. “Among many…
Bitcoin’s first bearish signal since October is here. With key U.S. data ahead, traders are on edge — will BTC hold support or break lower? Table of Contents Bitcoin faces uncertainty A big week for economic data Volatility ahead? Bitcoin faces uncertainty Bitcoin (BTC) is treading on shaky ground as it struggles to reclaim six figures, with investors bracing for key economic data that could dictate the market’s next move. On Jan. 20, Bitcoin soared to a record $109,114, coinciding with Donald Trump’s inauguration as the 47th U.S. president. Since then, it has dropped about 11%, trading at $97,300 as…