Author: NBTC
Namecheap recorded an astounding 1.1 million bitcoin transactions with over $73 million generated in revenue. Revenue Milestone for Namecheap Using Bitcoin Namecheap has been providing domain registration services for over two decades. In 2013, they became first domain registrar to support bitcoin payments for domain services via Bitpay. In 2020, the company added Btcpay to give its client base even more convenience and flexibility for bitcoin transactions. A recent publication by Btcpay revealed the intricate parts of Namecheap’s remarkable bitcoin revenue. Namecheap worked with Btcpay to deploy an open-source application programming interface (API) for creating invoices, making payments, refunds, and…
Curve Finance, a decentralized exchange (dex) focused on stablecoin trading, ended 2024 with $2.4 billion in total value locked (TVL) and a doubled user base, growing from 30,000 in 2023 to 60,000. Bridging Institutional Capital Into the Defi Ecosystem According to a 2024 Curve Finance analysis shared with Bitcoin.com News the decentralized exchange (dex) platform attributed its growth to new liquidity pools and product upgrades, which attracted institutional interest. Curve also generated $44 million in annualized revenue distributed through Curvedao. Its successes in 2024 included the launch of Llamalend, a borrowing and lending platform powered by Curve’s LLAMMA algorithm, enhancing…
One billion XRP tokens were unlocked by Ripple today, which can be valued at $1.92 billion at the current price. This release is a standard operation in which the San Francisco-based crypto company releases 1 billion XRP to the open market every first of the month. According to the original XRPL novel, Ripple is expected to unlock a total of 55 billion tokens from its escrow accounts, which is nearly 55% of the total XRP supply. The goal of such a decision was to make the supply of XRP more predictable. 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓…
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. Usual protocol, the shiny new stablecoin on the block, is seeing its USD0++ “stablecoin” (a popular misconception) lose parity with USD0 as of 17 hours ago. It’s now trading at about $0.92. But of course, USD0++ is not a stablecoin. It’s a liquid staking derivative of the USD0 stablecoin, somewhat like Lido’s stETH compared to ETH. (The USD peg of USD0 is fine, and the underlying T-bills have no backing issue.) Usual’s business model is based on the idea of an “onchain Tether” that rewards users. By…
Memecoin transactions made by some lucky whales continue to come to the fore in the cryptocurrency market. According to onchain data provided by Lookonchain, a crypto whale made a huge profit from a trade by spending just 1 SOL token. According to the data, this crypto whale spent 1 SOL, or about $169 at the time, to buy a memecoin called Mundi. Following the rise in the Mundi token, this lucky whale’s assets increased by 2,580x to $435,000. However, it is important to note that most memecoin investors are losing money and this whale may also be an insider trader…
Sky Protocol, formerly Maker, keeps expanding the supply of USDS, reflecting the growing demand for passive yield. The protocol retains some of the legacy DAI supply, which is also actively used in decentralized trades and lending. The stablecoin of Sky protocol, USDS, reached a new supply peak above 1.8B, after accelerated swaps from DAI. Both the new and the legacy stablecoin have a total supply of over 5.8B and are used in active and passive DeFi activities. USDS is still in the process of minting, as the swap mechanism from DAI is still open. The chief driver of the growing…
Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR) The bitcoin (BTC) development company MicroStrategy (MSTR) is one of the most volatile and traded equities on the market. Volatility within an equity can be beneficial as it allows for high-volume trading. Even though MicroStrategy has a market cap of less than $100 billion, its trading volume rivals that of the magnificent seven technology companies. All the seven magnificent tech stocks have a market cap of at least $1 trillion, well over ten times the market capitalization of MicroStrategy, with Apple (APPL), NVIDIA (NVDA), and Microsoft (MSFT) having…
The crypto market keeps showing significant trademark volatility as many tokens witnessed substantial gains in the last 24 hours. As per data from Phoenix Group, $HYPE, $G3, and $QUBIC have dominated the daily crypto gainers with double-digit percentage increases. The analytics provider took to social media to share the list of the prominent crypto projects with significant gains. DAILY GAINERS$HYPE +82.1% #G3 +60.9% $QUBIC +52.7% $DGB +43.8% $RWA +42.2% $MODE +42.1% $CORE +41.0% $DOGE +40.1% $WAVES +36.8% $XCH +36.1%#dailygainers pic.twitter.com/RLZ0mB1xqx — PHOENIX – Crypto News & Analytics (@pnxgrp) November 30, 2024 $HYPE Dominates the Crypto Gainer with an 82.1% Increase…
Bitcoin reached a new ATH of $99,655, with November gains at 40.8%. US spot Bitcoin ETFs added over $30B in inflows, led by BlackRock’s $2.05B purchase. Bitcoin (BTC) reached a new all-time high of $99,655.50, edging closer to the $100,000 mark. Although the price slightly dipped to $98,515 today, Bitcoin has posted its largest monthly gain ever, surging over 40.8% in November. This growth reflects increasing optimism in the broader crypto market. Over the past 15 hours, 1.38B $USDT has flowed from Tether to exchanges. The total global crypto market cap has risen to $3.35 trillion, with Bitcoin dominating at…
Babylon Labs and Fiamma, a Lightspeed Faction-backed platform focused on unlocking real-world assets on Bitcoin, are teaming up to advance a BTC-secured decentralized world. Fiamma has secured a strategic investment from Babylon Labs to help bring this vision to market, according to a press release. As the two platforms look to boost a Bitcoin (BTC) -secured decentralized finance ecosystem, the key focus will be on bringing trust-minimized Bitcoin bridges to developers and blockchains. Babylon Labs and Fiamma plan to integrate zero-knowledge technology into Bitcoin through Fiamma’s BitVM2 protocol, unlocking new potential across Bitcoin’s 21 million supply. You might also like:…