Author: NBTC
Overall, Binance holds $160 billion worth of the 34 crypto assets listed on the report, all of them at a ratio of 1:1 or greater against user balances. Cryptocurrency exchange Binance’s bitcoin (BTC) reserves dropped by $355 million last month while customer balances grew by more than $4 billion, bringing the two figures more in line with each other, according to recently published exchange reserves data. At the turn of the year Binance, the largest crypto exchange by trading volume, held 622,192 BTC across third-party custody and exchanges balances. On Feb 1, that figure had shrunk to 618,563 BTC. Customer…
According to TokenFi, a renowned RWA and crypto tokenization platform, Swiss jewelry and diamond brands are adopting blockchain technology to tokenize diamonds to enable smooth trading. The crypto and RWA tokenization platform revealed this development in an exclusive blog post. TokenFi mentioned the rapid growth of diamond tokenization in Switzerland. This idea will reportedly allow buyers to own, verify, and trade diamonds digitally. In this regard, they do not need to own the physical stone. Previously, buying a diamond was a complex procedure and involved certification, appraisal, and intermediaries. Consumers often had some concerns about authenticity and origin. However, diamond…
Bitcoin (BTC) still depends on whale-scale activity for some of its biggest price moves. Older retail buyers have also been shaken down during previous bull runs, but small-scale wallets continue to increase. New Bitcoin (BTC) wallets with a balance over $100 and $1,000 have gradually increased to reach a new all-time high. While some legacy retail traders sold some of their holdings to whales, a new trend of newcomers dipping their toes in crypto for the first time was developing. The trend reflects a shift to self-custodial wallets, despite the availability of other tools to own crypto. Based on Glassnode…
According to a recent tweet published by the popular meme coin wallet tracker Shibburn, over the past 24 hours, the SHIB community has transferred an impressive amount of canine-themed coins to dead-end wallets. Meanwhile, a tweet published by a SHIB-themed X account has launched a poll that demands the SHIB team to accelerate burns and get rid of an amount equal to 30% to 90% of the SHIB supply in the near future. SHIB burns soar 300% The aforementioned data source revealed that during the last 24 hours, the SHIB burn rate metric has staged an impressive increase by more…
Following recent teases, Ethereum NFT project Goblintown revealed and dropped a trailer for its upcoming PC and Mac game, Goblintown: Really Hard Driving Game, which will be available to play via Steam and the Epic Games Store. The game trailer depicts the crypto-native IP’s familiar Goblintown Burger Truck in an endless runner game, similar in style to popular mobile game Temple Run or Dookey Dash, the sewer-based game connected to the Bored Ape Yacht Club. “It’s really hard, by the way, honestly, it’s incredibly hard,” read the end credits for the game’s first official trailer. “When my mom played she…
An entire Bitcoin block was apparently produced by a solo miner earlier this Monday. The miner earned a reward of 3.125 BTC (roughly $303,500 at current prices). Bob Burnett, founder, and CEO of Barefoot Mining, believes that the block was also possibly mined by a nation-state miner or a private “It can be a huge thrill from winning a block but if you publish them all it can start to reveal too much information publicly… There is no upside to that information being known and plenty of downsides,” Burnett said. Bitcoin blocks produced by solo miners are incredibly rare since…
The AI-driven artistic project initiative will launch on February 19th, 2025 by combining blockchain technology with literature and photographs. The AI project HOWL.camera by Ross Goodwin creates a digital interpretation of Howl by Allen Ginsberg as a partnership between theVERSEverse and the Allen Ginsberg Estate. The Fahey/Klein Gallery in Los Angeles will be the first venue to exhibit the project and be available on fx(hash). Through AI and generative tools, Goodwin transforms HOWL into an interactive visual experience. Through Markov chains image recognition techniques and ascii representations the project unites Ginsberg‘s black-and-white photographs and poetry to create blended artwork. The…
The cryptocurrency community has long memories, and no story encapsulates this better than the dramatic rise of Bitcoin in the wake of former Canadian Prime Minister Justin Trudeau’s mockery of crypto investments. What started as a political jab at Conservative Party leader Pierre Poilievre’s pro-Bitcoin stance has now become a cautionary tale about underestimating the resilience of digital assets. Since Trudeau’s infamous remarks, Bitcoin has surged nearly 400%, leaving many asking, “Who’s laughing now?” The Bitcoin mockery that backfired On September 13, 2022, Trudeau criticized Poilievre’s advocacy for Bitcoin, painting it as “reckless economic ideas.” While he didn’t mention Poilievre…
The cryptocurrency market is thriving, with Bitcoin soaring to new heights and the overall market cap surpassing $3 trillion. However, despite the market’s success, there is ongoing debate about the role of regulation and how it will shape next. Recently, House Financial Services Committee Chairman Rep. French Hill said that excessive regulation has harmed the crypto market. In an interview with CNBC, Hill pointed to the flourishing Bitcoin ETF market as evidence that regulation, when done right, can help grow the market. But he also noted that the SEC’s previous resistance to a Bitcoin ETF, which led to a federal…
A former high-tech corporate lawyer has advocated for sector-specific regulations for decentralized finance that leverage the technology’s strengths while addressing its weaknesses. The Importance of Collaboration Ran Hammer, a blockchain and crypto-focused lawyer, is advocating for sector-specific laws for decentralized finance (defi) that consider the strengths and weaknesses of the underlying technology. According to Hammer, the goal is not to impose stringent regulations but to achieve efficiency and fairness in trading platforms. However, unlike in centralized finance (cefi), these goals can be “achieved on a technological level and built into various protocols.” Hammer, the business, marketing and communities lead at…