Author: NBTC
Pendle revealed the introduction of two new Liquid Restaking Tokens on the Arbitrum network has boosted PENDLE’s price. The expansion has led to a notable surge in Pendle’s market activity, with its value climbing 9.5% to $5.75. The addition of these assets aims to diversify the options available to users for yield farming and liquidity provision, potentially enhancing the protocol’s appeal and utility within the decentralized finance (defi) landscape. Pendle, established in July 2021 by a team led by developers Tong and Josh, has carved a niche by facilitating trading, yield farming, and liquidity provision of tokenized yield assets. Through…
The Chinese Embassy reminded that Angola’s “Law on the Prohibition of Cryptocurrency and Other Virtual Asset Mining” has officially entered into force. This law declares cryptocurrency mining in the African country a criminal activity punishable by imprisonment ranging from 1 to 12 years. Angola, Africa’s third-largest oil producer and once China’s largest supplier of crude oil, has seen an influx of Chinese miners mining Bitcoin. However, the new law imposes strict penalties for those who engage in such activities. The law stipulates that possession of information, communications and infrastructure equipment used for virtual currency “mining” activities will result in a…
First Trust and SkyBridge initially filed for a bitcoin ETF in March 2021. The application was unsuccessful, and the two firms did not re-apply for the ETF. First Trust Advisors and SkyBridge Capital, the hedge fund run by Trump-era White House Communications Director and digital assets investor Anthony Scaramucci, have been ordered by the Securities and Exchange Commission (SEC) to mark their bitcoin (BTC) ETF application as abandoned. In a notice published on Wednesday, the SEC said that the registration statement must be declared abandoned because the First Trust SkyBridge Bitcoin ETF failed to respond to prior communications from the…
Ethereum price is moving higher above the $3,120 resistance zone. ETH could start a fresh rally if it clears the $3,280 resistance zone. Ethereum is recovering higher and approaching the $3,280 resistance zone. The price is trading above $3,100 and the 100-hourly Simple Moving Average. There was a break above two connecting bearish trend lines with resistance at $3,070 and $3,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it closes above the $3,250 zone. Ethereum Price Regains Strength Ethereum price formed a base above the $2,850 level and started a…
IOHK, the driving force behind Cardano (ADA), has announced a notable milestone in the project’s advancement with the completion of 88.6 million transactions. This achievement underscores Cardano’s growing influence and resilience in the blockchain area. The recent update highlights substantial enhancements across various domains, indicating commitment to continuous development. Noteworthy improvements include modifications to enhance cross-era behavior, particularly in the LocalTxMonitor and HasTx functionalities. Preparations for node release v.8.10 are progressing steadily, with integrated changes across consensus, Ledger and networking components. This meticulous approach underscores Cardano’s dedication to ensuring a robust infrastructure. Additionally, the release of Lace v.1.9 by the…
Vitalik Buterin, the co-founder of Ethereum, has recently voiced against the reauthorization of a US surveillance bill. The well-known entrepreneur took to his official account to support the protest against the recent reauthorization of a chief surveillance authority with Section 702. The Ethereum co-founder asserted that dissimilar to conventional finance cryptocurrency protects the freedom of the users. This is bad.Crypto is not just about trading tokens, it’s part of a broader ethos of protecting freedom and privacy and keeping power in the hands of the little guy.And these values unfortunately continue to be under attack, globally. https://t.co/iFM932IBP6 — vitalik.eth (@VitalikButerin)…
Rali Perduhova, Co-Founder and CEO of 7RCC Global, made a bold prediction about the future of Bitcoin in a recent interview with “Bloomberg Crypto.” Perduhova believes BTC could reach a staggering $200,000 by the end of the year. A few months ago such a prediction might have seemed far-fetched. However, Perduhova argues that various catalysts could push Bitcoin to this level. “Last time we were here, our target was 100,000. We are currently revising that to 200 by the end of the year, it could even be higher,” he said. One of the important catalysts that Perduhova points out is…
Tron (TRX) founder Justin Sun, one of the notable names in the cryptocurrency industry with his investments and statements, came to the fore again with the Ethereum move. At this point, Justin Sun is alleged to have purchased a significant amount of Ethereum (ETH). According to a post by on-chain data provider Lookonchain, a wallet thought to belong to Justin Sun has allegedly purchased 127,388 ETH worth $405.19 million since April 8. While it is noteworthy that this wallet has deposited a significant amount of 787 million USDT from the Tron network to Binance as of March 31, Lookonchain also…
Toncoin, The Open Network’s native cryptocurrency token, has once again entered the list of the 10 most significant coins by market cap. According to data from CoinMarketCap, Toncoin (TON) has overtaken Avalanche (AVAX) in market capitalization, reaching a market capitalization of $19 billion at the time of writing. Source: CoinMarketCap Along with the increase in market capitalization, the token’s trading volumes also jumped sharply, increasing by 91% over the last 24 hours and amounting to $223 million. TON also increased in price by 6.3% over the past 24 hours, reaching $5.45 at the time of writing. Since the beginning of…
In the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), Ripple is gearing up to file a crucial reply to the SEC’s remedies briefing within the next 24 hours, specifically on April 22. This step marks a significant moment in the ongoing lawsuit that has captured the attention of the cryptocurrency world. The latest development in the case revolves around the SEC’s remedies briefing, in which the regulatory agency outlined its proposed remedies. The proposed remedies seek the disgorgement of profits derived from XRP sales and civil penalties. Ripple now has the opportunity to…