Author: NBTC
FARM, the native token of the yield farming protocol Harvest Finance, was trending in the U.S. as it was exchanging hands at $88, up 80% in the past day. At the time of writing, FARM had a 24-hour trading volume of $218 million, which was up by a massive 19000%. The recent price action left the token’s market cap at $60 million. FARM 24-hour price chart | Source: CoinMarketCap Harvest Finance is a yield farming protocol that shifts user funds across multiple defi platforms to generate returns. It is native to the Ethereum blockchain and can also be traded as…
Stuart Alderoty provides clarity on the ongoing SEC v. Ripple lawsuit, thus cooling down the debate about a potential settlement in the legal tussle. Ripple CLO has squashed the growing rumors regarding a pre-trial conference in the SEC lawsuit. Many XRP community members speculated that the conference could pave the way for a settlement, potentially ending the multi-year legal battle. According to a scheduling order issued last year, the court ordered the parties to hold a final pre-trial conference on April 16 at 2 PM, a meeting that Magistrate Sarah Netburn will oversee. Alderoty Says No Pre-Trial Conference While many…
Coinbase CEO Brian Armstrong suggested on March 12 that widespread Bitcoin adoption could mirror a return to the gold standard, potentially stabilizing the U.S. economy in the face of escalating national debt. In a post on X, Armstrong underscored the potential of Bitcoin as a financial tool that could curb excessive government spending in the United States. This insight was shared in response to concerns raised by CFO Robert Sterling about the escalating national debt. Coinbase CEO Endorses Bitcoin Amid Rising National Debt The CFO pointed out the alarming rate at which the debt is accumulating. Worryingly, the analyst said…
In a recent turn of events, data shared by the Shibburn tracker shows that with the past 24 hours, the major metric of the SHIB supply shrinking has soared by a three-digit number with millions of meme coins destroyed permanently. Almost all of the SHIB mentioned in the report was burned by a mysterious Shiba Inu whale, according to the Shibburn and Etherscan data. This happened while the second largest meme cryptocurrency by market capitalization size, SHIB, has again attempted to break out of the price range it has been moving in recently. Burn rate jumps 305% as enigmatic whale…
On Monday the self-proclaimed Satoshi Nakamoto, Craig Wright, dropped a lawsuit filed by his holding company against 12 Bitcoin developers. It is reported by the Bitcoin Legal Defense Fund (BLDF), the foundation created in 2021 specifically to support Bitcoin developers in their defense against the lawsuit filed against them by Tulip Trading Ltd. of Craig S. Wright, based in the Seychelles. The news should therefore be considered official, even if biased, since it actually comes from the same accused parties. Satoshi Nakamoto: Craig Wright’s lawsuit against developers The lost cause: Craig Wright is not Satoshi Nakamoto The withdrawal of the…
In the first quarter of 2024, spot trading volumes of the top ten centralized exchanges (cex) topped $4.29 trillion, a 95.3% increase from the previous quarter. Despite facing legal challenges Binance remained the largest cex platform with a market share of 50%. The top crypto asset manager Grayscale’s converted GBTC exchange-traded fund (ETF) was the largest spot bitcoin ETF in Q1 with $21.7 billion in assets under management. Highest Recorded Quarterly Volume Since December 2021 In the first quarter of 2024, the top 10 centralized exchanges (cexs) recorded $4.29 trillion in spot trading volume, according to the latest Coingecko crypto…
Throughout its history, Bitcoin (BTC) has many times been deemed a failure and declared dead by critics and skeptics. Interestingly, Bitcoin’s price has increased by $21,000 since the last time it happened in 2024. From traditional finance investors to business owners, government entities, and other high-influence figures, Bitcoin “has died” 476 times since 2010. This data is from 99Bitcoins’ obituaries. The leading cryptocurrency was declared dead once in 2024. In particular, through a blog article by the European Central Bank (ECB), which said, “Bitcoin has failed.” On this occasion, BTC was trading at $51,304, now up over 40% at $73,000…
Riding in the coattails of a broader market resurgence, the NFT trading space witnessed in 2024 Q1, with volumes across the top 10 marketplaces soaring to $4.7 billion. According to CoinGecko’s latest report, Blur maintained its stronghold as the leading NFT marketplace during this period. During the first quarter of 2024, Blur recorded $1.5 billion in volume while at the same time, capturing a 27.6% market share, up from the previous quarter. Closely following behind is Magic Eden, which has emerged as a major competitor, surpassing Blur in March. The growth is primarily driven by its Diamond reward program as…
The “TOKEN Supercharge Program” aims to offer early access to TokenFi platform issuances for TOKEN holders and stakers, potentially allowing them to acquire up to four times more tokens than the standard quota per wallet. A minimum holding or staking of $1,000 worth of TOKEN is required for priority access, with additional benefits for higher holdings. Developers say the move could address potential issues of token sale events being sold out quickly to the general public, where TOKEN holders should instead benefit. The developers behind the TokenFi launchpad are presenting a proposal to boost the benefits for TOKEN users by…
At Token2049, Binance CEO Richard Teng addressed key issues in the crypto space, focusing on the regulation of stablecoins and the complex situation of a detained Binance executive in Nigeria. Binance CEO Richard Teng headlined a panel on crypto regulation, moderated by Perianne Boring, CEO of The Chamber of Digital Commerce, at the Token2049 conference in Dubai on April 18. Perianne Boring (left), Matthew Roszak (middle), and Richard Teng (right) | Source: Photos taken by crypto.news at Token2049 event The conversation began with Boring highlighting the significant potential of cryptocurrencies amidst global economic challenges. “As innovators, having the opportunity to…