Author: NBTC
Crypto exchange provider Coinbase Global receives half of Circle’s residual revenue generated from reserves backing its USDC stablecoin, according to new details disclosed in Circle’s IPO filing. In an S-1 filing submitted to the Securities and Exchange Commission on Tuesday, Circle revealed Coinbase receives 50% of the “residual payment base”—a portion of revenue explicitly derived from reserves backing Circle’s flagship stablecoin pegged 1-to-1 to the U.S. dollar. Circle generates income primarily through reserve assets, essentially comprising highly liquid U.S. Treasury instruments and cash equivalents. The company earned $1.7 billion in revenue and reserve income in 2024, reporting net income of…
Elon Musk’s post on law enforcement taking actions against Reddit users targeting DOGE employees sparked a 5% rise in his favorite coin. On Feb. 4, Head of Department of Government Efficiency Elon Musk responded to a post from a popular Reddit account, Reddit Lies, exposing multiple anonymous Reddit users for threatening employees of the Musk-led department with violence. A lot of the posts call for the execution of said employees and hints at targeting them by finding out where they live. Musk shared the post with his followers with the caption “They [Reddit users] have broken the law” by threatening…
Ethereum’s support at $2,000 aligns with past breakout levels. Ethereum’s previous gains of 9,377% in 2017 and 4,700% in 2021 suggest more upside. Ethereum’s price at $1,827 indicates possible gains if it holds key support. It’s been an incredible ride for its native currency Ethereum (ETH) since 2017; supported by data, ETH provided a story in itself. Simply put, over the last few years, ETH has been on an Olympic-caliber run between 9,377.13% in 2017 and a still cool 4,731.42% in 2021. $ETH 1M – At the bottom of the blue HTF uptrend.Previously ran approximately +9,400% in 2017 & +4,700%…
Controversies surrounding token listings, the depegging of the FDUSD stablecoin, and allegations of unethical behavior have raised a crucial question: Is Binance losing its credibility? These issues threaten to erode trust and challenge Binance’s standing in the crypto industry. Binance Struggles to Meet the Standard One of Binance‘s most pressing issues is the poor performance of the tokens listed on the exchange. As BeInCrypto reported earlier, 89% of the tokens listed on the platform in 2025 recorded negative returns. Even more concerning, another report reveals that most of the tokens listed in 2024 also experienced negative performance. Listing on Binance…
Tokyo, Japan — Mawari, the company behind the world’s first Decentralized Physical Infrastructure Network (DePIN) for spatial computing, has officially partnered with Arbitrum to unlock a new era of immersive, AI-driven 3D streaming experiences.—The move marks a major leap forward for Extended Reality (XR), as Mawari integrates with Arbitrum Orbit to launch a dedicated chain optimized for high-performance rendering and real-time edge AI compute.For the growing demand in lifelike virtual agents, 3D avatars, and XR environments, centralized infrastructure just can’t keep up. Mawari’s DePIN approach distributes compute, rendering, and delivery workloads across a global network of GPU nodes, making it…
CryptoQuant CEO Ki Young Ju argues that Bitcoin is digital gold, not peer-to-peer electronic cash. A defining question in Bitcoin‘s over a decade long history has been whether the asset was meant to function as digital gold or electronic cash. This question was among the key contentions in one of Bitcoin’s most tumultuous moments: the block size war that led to forks like Bitcoin Cash. Recently, this question has again been put in focus amid recent network data. Bitcoin Transaction Activity Plummets CryptoQuant CEO Ki Young Ju has argued that Bitcoin is digital gold, not peer-to-peer electronic cash. The analyst…
Circle’s initial public offering (IPO) filing has raised concerns among industry experts, who are sounding alarms over the company’s financial health, distribution costs, and valuation. While the move marks a significant step toward mainstream financial integration, experts’ skepticism casts doubt on the company’s long-term prospects. Analysts Highlight Red Flags With Circle IPO On April 1, BeInCrypto reported that Circle had filed for an IPO. The company plans to list its Class A common stock on the New York Stock Exchange (NYSE) under “CRCL.” Circle’s IPO filing reveals revenue of $1.67 billion in 2024, a notable increase from previous years. However,…
Binance reports that Ethereum (ETH) stood as their top cryptocurrency search on February 3, 2025, even though its market value dropped by 12.1% during the previous day. ETH maintains its dominance in Binance with a trading volume of 13%. TOP-15 COINS BY TRENDING SEARCH ON @BINANCE!$ETH $BTC $SOL $XRP $DOGE $BNB $SUI $TON $ARB $LINK $AVAX $APT $ENA $FET $RUNE pic.twitter.com/1KKBZoOJG6 — 🇺🇦 CryptoDiffer – StandWithUkraine 🇺🇦 (@CryptoDiffer) February 3, 2025 Among all cryptocurrencies, Bitcoin (BTC) claims the position as the second most-searched coin although it holds the title of the largest digital asset according to market capitalization. Bitcoin commands…
The cryptocurrency company Gemini, backed by Cameron and Tyler Winklevoss, intends to move into a South Florida office space as the US Securities and Exchange Commission (SEC) enforcement case may have reached its end. The firm intends to move into the new office in May. The size of the new office that Gemini agreed to lease is 8,840 square feet (821 square meters) at 545wyn, located in the Wynwood neighborhood of Miami. Wynwood has developed into a new business growth centre, attracting numerous firms Wynwood, a neighborhood in Miami well-known for its warehouses and graffiti murals, has developed into a…
Changpeng “CZ” Zhao, former CEO of Binance, is advising Kyrgyzstan on becoming a crypto hub. He signed an agreement with the Kyrgyz National Investment Agency to build the nation’s Web3 capacities. A cornerstone of this plan is Kyrgyzstan’s A7A5 stablecoin, pegged to the Russian ruble and focused on emerging markets. CZ claimed that he has been advising several governments “officially and unofficially” regarding crypto. CZ Helps Kyrgyzstan Drive Crypto Adoption Countries worldwide are becoming more interested in crypto integration lately. Although Kyrgyzstan has not been a particular hub for crypto activity, it is trying to turn a new leaf. According…