Author: NBTC

GMX, a leading decentralized perpetual exchange, has introduced a new BTC-USD market backed by tBTC, the decentralized Bitcoin-backed token from Threshold Network. This launch is a significant step for GMX to offer its users a trust-minimized alternative to the commonly used wrapped Bitcoin (wBTC). GMX launches a BTC-USD market backed by tBTC, the decentralised Bitcoin-backed token from Threshold Network.GMX is introducing tBTC as a collateral asset on Arbitrum, offering users a trust-minimised alternative to wrapped BTC (wBTC). The decentralised token from @TheTNetwork… pic.twitter.com/7LXzu0AGbf — GMX 🫐 (@GMX_IO) September 11, 2024 GMX Unveils tBTC as a Collateral Asset on Arbitrum The…

A cryptocurrency investor has taken advantage of the ongoing boom around meme cryptocurrency Moo Deng (MOODENG) to record over 2,500-fold returns on their initial investment. The gains by the unidentified investor came from an investment of $1,331, which turned into a staggering $3.4 million in a trading initiated on Raydium, an automated market maker (AMM) platform built on Solana (SOL) involving the MOODENG/SOL pair, data shared by Lookonchain indicates. The trade occurred on September 10, when the trader purchased 38.7 million MOODENG tokens for 9.8 SOL, valued at $1,331. Just two weeks later, on September 25, the value had skyrocketed,…

TapSwap, the popular Telegram tap-to-earn platform, has left players in limbo regarding the token generation event. In a relatively vague X post, the developers mentioned they were working on “lots of exciting news and announcements” but did not specify the airdrop’s date. Dear Tapswappers,We know you’re eagerly waiting for the DATE, but we also understand that you’re a bit busy this week (🐹). Just a quick FYI — lots of exciting news and announcements are on the way! — tapswap (@tapswapai) September 25, 2024 The latest statement is notable because TapSwap’s airdrop was initially scheduled for July. It was then…

Binance, world’s leading crypto exchange, has achieved a major breakthrough in trading volume. Its cumulative spot and derivatives trading volume has exceeded 100 trillion U.S. dollars, according to CCData. This proves Binance to be the dominant force in both spot and derivatives trading. Binance makes history This month, Binance achieved a significant milestone by becoming the first centralized exchange to surpass $100 trillion in combined spot and derivatives trading volume, marking a historic moment in the crypto industry. OKX follows at a distant second with $24.9 trillion, while Bybit and Bitget rank third and fourth with $13.2 trillion and $10.9…

A widely followed cryptocurrency analyst and trader is saying that Bitcoin (BTC) is set for a bullish phase once September comes to a close. The analyst pseudonymously known as Rekt Capital tells his 501,200 followers on the social media platform X that the fourth quarter could be bullish for Bitcoin. “You just need to survive September. Because if history repeats, Bitcoin may be heading for three straight months (October, November and December) of positive upside monthly returns.” Bitcoin is trading at $56,810 at time of writing. According to the pseudonymous analyst, Bitcoin has enjoyed an average return of 22.9% in…

Starknet has commenced the first phase of staking as it moves towards transitioning to a fully decentralized proof-of-stake network. On Sept. 25, the zero-knowledge rollup layer 2 network announced that Starknet (STRK) staking had begun. The platform also confirmed that staking on the layer 2 network will be complete by the end of the year. Both the testnet and mainnet for the first phase will launch in the fourth quarter of 2024, Starknet posted on X. Read more: Starknet enjoys 11% surge, decouples from altcoin downturn First Starknet governance vote After revealing plans in July to enable staking on Ethereum’s…

Cryptocurrency is becoming more accessible across the U.S. with the expansion of digital currency kiosks to 45 new locations in the Southwest and Midwest. Yesway, a fast-growing convenience store chain, is partnering with Coinflip to bring crypto ATMs to its customers, offering a seamless and secure way to buy and sell bitcoin and other digital currencies in five states, including Texas and Iowa. Coinflip Partners With Yesway to Bring Bitcoin to 45 New US Locations Coinflip, a leading digital currency platform based in Chicago, announced on Thursday that it is expanding its footprint through a new partnership with Yesway. Describing…

Bitcoin’s price has been consolidating below the $60K level over the last few weeks. However, things might be about to change soon as the asset flew to an 8-day peak of almost $58,500 earlier today. Technical Analysis By Edris Derakhshi The Daily Chart On the Daily chart, the price has recently rebounded from the $52K support level and has broken back above the $57K mark. Currently, the market is likely to rise toward the $60K resistance level in the coming days. Meanwhile, the RSI is also climbing above the 50% threshold, which would point to a potential uptrend in the…

Ledger Live just announced its support for Ripple USD, or RLUSD. Ripple is going to soon issue stablecoin, and early integration would put Ledger in direct positioning to offer RLUSD far ahead of its release into actual markets. This makes transactions easier with stablecoins, increase liquidity, and attract wider institutional investment via this introduction of RLUSD into Ledger Live, using XRP as an autofiat bridge asset. It seems to be a giant step in strengthening the ripple ecosystem and moving further into the stablecoin game. RLUSD on Ledger RLUSD in the Pre-Launch Phase Although the new RLUSD is already integrated…

Bitcoin (BTC), the largest cryptocurrency by market capitalization, rose to highs of $58,487 in the early Thursday trading session. However, amid this price rise, a prominent crypto analyst has issued a warning, urging caution as the market heats up. According to Julio Moreno, Head of Research at CryptoQuant, valuation metrics indicate that the price of Bitcoin remains bearish. Moreno stated that Bitcoin is still in a bear phase and has decoupled from gold as investors switch to risk-off mode. Bitcoin remains in a bear phase and it has decoupled from Gold as investors switch to risk-off mode.@cryptoquant_com Our latest crypto…