Author: NBTC
Binance Labs, the venture capital arm of Binance, the world’s largest cryptocurrency exchange, has invested in many cryptocurrency projects to date. While these projects include the altcoin named Stepn (GMT), Binance Labs started selling GMT. According to Spot on Chain’s post, Binance Labs address (0x2e…e6c2) transferred 9.33 million GMT (worth $3.14 million) to Binance today. Binance Labs currently has 9 million GMT left. “Wallet 0x2e5 (presumably Binance Labs) deposited 9.33 million GMT ($3.14 million) to Binance 9 hours ago. Binance Labs, a strategic investor in Stepn, allegedly deposited 37.1 million GMT into Binance since July 2023 at $0.24, followed by…
This halving cycle might see an earlier rally compared to previous ones mainly due to the impact of spot Bitcoin exchange-traded funds (ETFs), said 21Shares in a recent report. According to 21Shares, the circumstances surrounding the upcoming Bitcoin halving appear to diverge from historical patterns. A combination of factors on the supply and demand side creates favorable supply-demand dynamics; as a result, the rally for this halving cycle might kick off earlier than in past instances. Notably, the introduction of spot Bitcoin ETFs has opened the door for significant institutional investment, leading to a surge in demand and price growth,…
Crypto exchange Bitget on Tuesday announced a partnership with payment solutions provider OnRamp to streamline the conversion of fiat money into cryptocurrencies. Through the partnership, Indian users can now use United Payments Interface (UPI) and Immediate Payment Service (IMPS) for INR deposits. Users in Nigeria, United Arab Emirates, and Mexico can deposit NGN, AED, and MXN respectively through bank transfers. Additionally, Vietnamese users can use VietQR, a mobile QR code payment system, for VND deposits. This breadth of supported currencies grants users convenient mechanisms for converting between crypto and fiat currencies. Notably, Bitget is extending a zero-fee offer for all…
Bitcoin (BTC) has powerfully reclaimed the $70,000 psychological barrier, signaling a potential bullish breakout. The surge comes after BTC consolidated above $65,000, indicating strong underlying support. “This move could have significant implications for Bitcoin’s trajectory and might ignite further gains,” says market analyst Alican Çınarbaş. Stay ahead of the crypto market curve with this in-depth analysis of Bitcoin’s price action, potential drivers, and what to expect next. Bitcoin Price Analysis: Bulls Take Control BTC USDT 4D Chart on Binance Bitcoin has decisively broken through the $70,000 resistance level, fueled by renewed bullish momentum. This follows a consolidation phase above $65,000,…
Based on the most recent data, the meme cryptocurrency shiba inu has witnessed 410 trillion tokens burned, translating to approximately 41% of its entire circulation. Concurrently, the digital asset has experienced a recent price revival over the last four weeks. Despite shiba inu’s value dipping over 21% in the last week, the meme coin has witnessed strong growth of around 177% against the U.S. dollar throughout the past month. Shiba Inu’s Market Resurgence Brings Meme Coin to 12th Largest Position in the Crypto Economy Shiba inu (SHIB) ranks as the meme coin sector’s second-largest asset by market capitalization, trailing behind…
Sam Bankman-Fried was sentenced to spend 25 years behind bars — a punishment some say could have been less if the FTX founder showed greater remorse. The former leader of bankrupt crypto exchange FTX faced a maximum 110-year sentence after being found guilty in November of wire fraud and half a dozen other charges. Judge Lewis Kaplan’s sentence on Thursday was between the defense’s requested 6.5 years and the government’s proposed 40 to 50 years. Bankman-Fried was also ordered to pay a $11 billion forfeiture. His defense team said they would seek to appeal the decision. Mark Cohen, Bankman-Fried’s counsel,…
In a recent post on the X social media platform, controversial investment guru Robert Kiyosaki, who is best known as the author of “Rich Dad, Poor Dad,” did not rule out that Bitcoin, the flagship cryptocurrency, could be a scam and a Ponzi scheme. “Yes. It is possible Bitcoin is a scam and a Ponzi scheme,” Kiyosaki. Despite admitting that he is concerned about Bitcoin potentially being a Ponzi scheme, he argues that it would still be no different from fiat currencies such as the US dollar and the euro. Kiyosaki has also acknowledged that the price of Bitcoin could…
MakerDAO, the governing body of the popular DAI stablecoin, is contemplating a substantial allocation of 600 million DAI to the fast-growing USDe synthetic dollar stablecoin via Morpho Labs. This strategic move comes as Ethena Protocol, the platform behind USDe, prepares to launch its native ENA token airdrop. This decision reflects the organization’s confidence in USDe’s potential. Additionally, if the proposal comes to fruition, it might be a positive catalyst for Ethena, particularly its TVL growth. USDe Pools Give More Benefits to Users A comprehensive analysis by BA Labs, a member of MakerDAO’s advisory council, reveals strong user demand for USDe-backed…
Solana is experiencing robust growth amid the ongoing bull market run that has spread through the crypto industry. Indeed, Solana’s SOL token has emerged as one of the best performers, rising by around 30% during the past month to around $190. Solana’s DeFi Soars to All-Time High Solana’s decentralized finance (DeFi) ecosystem has flourished with the broader crypto market rally since the year’s outset. Data from DeFiLlama illustrates this trend, revealing an extraordinary surge in Solana-based decentralized exchange (DEX) activity. Over the past 24 hours alone, daily transaction volume has surpassed an impressive $3.6 billion, establishing a new all-time high.…
Taking an important step towards formalizing the cryptocurrency industry, Taiwan’s Ministry of Internal Affairs has approved the establishment of an industry association by the local crypto industry. This move marks the government’s progress towards regulating the domestically developing cryptocurrency space. Taiwan Approves Formation of Crypto Industry Association, Approaches Regulatory Framework The local cryptocurrency industry working group, which met last year to pave the way for the establishment of an industry association, announced today that it has received official approval from the government for its application. The green light from the authorities marks a pivotal moment for the cryptocurrency industry in…