Author: NBTC
In the ever-turbulent crypto exchange ecosystem, the recent departure of key executives from OKX has sparked speculation and concern. This pattern resembles the earlier situation at Binance, one of the world’s largest crypto exchanges. Why OKX Employees Are Quitting? Tim Byun, former CEO of Okcoin and later Global Government Relations Officer at OK Group, and Wei Lan, Head of Product at OKX, have reportedly left their positions. As OKX merges its operations into a single global brand, the employees’ departures raise serious questions about the company’s stability and future. Tim Byun is a well-known figure in the crypto community. After…
Bitcoin saw a sharp pullback from its all-time high of $73,750, falling to $65,630, reflecting a 12.3% decline. Over $810 million in crypto assets were liquidated from the global market. After soaring to new heights, Bitcoin’s (BTC) bullish momentum has hit a snag as the cryptocurrency experiences a significant pullback. Following its record-breaking peak of $73,750 on March 14, Bitcoin displayed a sharp decline, plunging to $65,630, marking a 12.3% drop. The sudden decline in Bitcoin’s price has resulted in over $278.77 million worth of BTC being liquidated in the last 24 hours. Also, a Binance deposit wallet moved 4,637…
Billy Markus, who developed and launched the original meme cryptocurrency Dogecoin in collaboration with Jackson Palmer in 2013, has taken to the social media platform X (formerly known as Twitter) to share his take on the bloodbath on the crypto and stock markets that was observed just recently. Sharing a screenshot of possibly the list of the assets he is invested in, Markus (known on X as “Shibetoshi Nakamoto”) made a comment on what is happening, triggering a wide response from his army of followers. DOGE founder’s crypto and S&P 500 tweet Billy Markus has shared a screenshot of an…
Crypto.com, a global cryptocurrency exchange, has announced a new Rewards+ program. Tailored with the crypto community in mind, the loyalty program aims to reward user support by fostering growth. Rewards+ benefits ✨Rewards+✨– the loyalty programme built for all – is now available worldwide 🌎✅ Up to 10% p.a in Earn Plus bonuses✅ Up to 8% back in https://t.co/vCNztATSCO Visa Card rewards✅ Up to 4x referral booster🆕 Trading rebatesActivate your rewards now 👉… pic.twitter.com/cw33UHQR29 — Crypto.com (@cryptocom) April 16, 2024 Rewards+ is set to offer a plethora of benefits tailored to match trading activity. Notably, traders will gain Earn Plus bonuses…
Despite the ongoing correction, many predictions about the price of Bitcoin remain positive. For now, it does not seem that the correction has compromised the medium-term trend, which leads up to the halving in mid-April. The correction in progress and the price predictions for Bitcoin in 2025 The current market situation Optimistic forecasts, despite the correction of the Bitcoin price What will BTC miners do? The correction in progress and the price predictions for Bitcoin in 2025 Yesterday, the price of Bitcoin had reached its new all-time high at over $73,800. As has happened several times in the recent past,…
Ripple’s XRP experiences a staggering 2703% increase in tokens on the Coreum Network. Anticipation of a supply shock and heightened interest in Ripple’s XRP hint at a potential price surge to $3. The recent announcement of Ripple’s expansion of its On-Demand Liquidity (ODL) corridor has had a substantial impact on the XRP ecosystem. A report from Ailtra Platform highlights this expansion, which correlates with a remarkable increase in XRP token volume, stirring excitement and speculation within the XRP community about its future valuation. This development is part of Ripple’s broader strategy to enhance its ODL service, which utilizes XRP as…
According to the application-specific integrated circuit (ASIC) mining rig manufacturer Bitmain, the firm is gearing up to introduce its latest Scrypt miner. The L9, which boasts a hashrate of up to 16,200 megahash per second (MH/s) and energy efficiency of 0.21 joules per megahash (J/M) mines litecoin, dogecoin, and digibyte. Bitmain Set to Launch L9 Scrypt Miner in May for Litecoin and Dogecoin Miners Bitmain announced on Tuesday its plans to launch the new L9 Antminer in May. The company declared on social media that the forthcoming ASIC stands as an “unchallenged miner” for crypto assets like LTC, DOGE, and…
Crypto market capitalization dropped 7%, with major tokens like bitcoin, ether, and others falling sharply in the past 24 hours. The decline was triggered by higher-than-expected inflation data and profit-taking by some traders, with some analysts predicting further losses before a potential rebound. Crypto market capitalization dropped 7%, its sharpest fall this year, as bitcoin (BTC) plunged 8% in the past 24 hours to wipe weekly gains and kickstart a marketwide decline. Bitcoin slumped from Thursday’s high of $73,000 to as low as $65,800 early Friday before slightly recovering. Meanwhile, Coindesk 20, a broad-based index of most liquid cryptocurrencies, was…
Fitness cryptocurrency app Stepn announced that it will airdrop bonus points equivalent to $30 million in GMT tokens. The company is distributing 100 million “FSL” points to its users, which can be exchanged for GMT tokens on a 1-to-1 swap basis through the Stepn marketplace. GMT tokens are currently trading at around $0.30, while the total value of Stepn’s point distribution is estimated to be around $30 million, according to CoinMarketCap. “Because we have workspace, we have stability as a business and we can give that back to users,” said Stepn CEO Shiti Manghani. This year’s airdrop, described by Manghani…
On March 11, two US senators, Jack Reed and Laphonza Butler, sent a letter to SEC President Gary Gensler asking not to approve any more crypto ETFs after the one on Bitcoin: Coinbase immediately enters into conflict. According to the two Democrats, the introduction of other cryptographic investment tools would expose retail investors to too high risks. Coinbase, which obviously has a vested interest in new crypto ETFs being approved, dissociates itself from what was highlighted by the senators, stating that the provocations are completely misleading. The main issue at stake is the question of exchange-traded funds for Ethereum, with…