Author: NBTC
Shimmer’s native cryptocurrency, SMR, has plunged by 35% following its delisting from Bitfinex, leading to a significant 93% drop in value since its launch. The delisting has triggered a major backlash from the Shimmer community, with some investors, including prominent figure Crypto Bratan, claiming significant losses of 100,000 EUR. Shimmer (SMR), the native cryptocurrency of IOTA’s Layer-2 scalability platform, has crashed by a massive 35% in the last 24 hours, falling to $0.004158 following the altcoin’s delisting from crypto exchange Bitfinex. During its launch last year in early 2023, IOTA founder Dominik Schiener said that Shimmer would improve the growth…
Robinhood Crypto Adds UNI, XLM, and XTZ Trading for New York Residents Robinhood Crypto, the digital assets arm of American financial services company Robinhood, has announced that it now supports the trading of Uniswap (UNI), Stellar (XLM), and Tezos (XTZ) for New York State residents. The update, shared via X (formerly Twitter), expands Robinhood Crypto’s offerings in New York, where users can now trade a total of 14 digital assets. This addition reflects Robinhood’s ongoing efforts to broaden its cryptocurrency trading services, allowing more users access to a wider range of crypto assets. New Additions: UNI, XLM, and XTZ Now…
Australian energy technology firm Powerledger recently made a significant move by integrating with the Solana blockchain. With this integration, Powerledger highlights its commitment to sustainable and transparent innovation. This strategic move facilitates their contribution to regenerative finance (ReFi), a sector focused on enhancing social and environmental impacts alongside economic benefits. According to a Powerledger spokesperson, this collaboration is intended to elevate the discourse around clean energy in the blockchain community by aligning financial innovation with global sustainability goals. More than just a technical alliance, the integration is a significant step towards embedding sustainability in financial technology. Powerledger aims to expand…
Tesla CEO Elon Musk has an on-again-off-again relationship with cryptocurrency. This week, he seems favorably inclined towards Bitcoin, announcing that he sees “some merit” in it and unspecified other cryptocurrencies, and reiterating his enthusiasm for the dog-themed meme coin Dogecoin. Speaking at an X Takeover event, Musk said that, “I do think there’s some merit in Bitcoin and maybe some of the other crypto,” adding, “I sort of have a soft spot for Dogecoin, because I just like dogs and memes.” “I’m not going to be promoting crypto—at most, in a joking way. If you see me pumping crypto, it’s…
The world of DeFi is rapidly evolving, and one of the most anticipated and strategic crypto partnerships of 2024 is the one between the Ton Foundation and Curve Finance. The combination of these two forces in the crypto landscape represents a unique opportunity to simplify the exchange of stablecoin, improve the user experience, and reduce fees. This collaboration not only strengthens Ton’s position in the crypto ecosystem, but also represents a step forward for Curve Finance, one of the most well-known decentralized exchanges (DEX) in the world, specializing precisely in the exchange of stablecoins. Curve Finance and TON: two pillars…
The Shiba Inu (SHIB) story took an interesting turn over the past 24 hours – specifically in the on-chain realm, which is behind the scenes of the popular meme-inspired cryptocurrency. According to data from IntoTheBlock, the number of SHIB tokens held by large investors has increased by almost 600% over the past day. It has gone from 27.06 billion to 161.15 billion. Put another way, this illustrates how the positions of whales and investors with over 0.1% of the supply have shifted. Simply put, spikes in net flow indicate that major players are building up their positions, while drops suggest…
Binance has reached a new milestone in its already dominant trajectory, with CEO Richard Teng recently announcing that the black-and-yellow crypto behemoth has crossed an all-time trading volume of $100 trillion. Teng shared this impressive news on social media, putting Binance in a league of its own. It is not just a new record but also puts it far ahead of major financial benchmarks, like the entire market capitalization of the S&P 500. Twice the market cap of a key U.S. stock market index, this figure solidifies Binance’s lead on the crypto market and highlights its ability to outpace its…
21.co has integrated Chainlink Proof of Reserve on Solana and Ethereum mainnets to enhance transparency for its Wrapped Bitcoin (21BTC). This move automates real-time reserve verification and enables secure minting of 21BTC. “21Shares and Chainlink have played fundamentally important roles in ensuring the adoption of a more secure blockchain infrastructure, and we’re excited to see 21Shares integrate Chainlink Proof of Reserve to support 21BTC,” Johann Eid, Chief Business Officer at Chainlink Labs, stated. Eid added that Proof of Reserve has a role in enabling a secure minting function, which is a key step to creating a reliable framework that allows…
Paolo Ardoino, CEO of USDT issuer Tether and CTO of BitFinex, made an unexpected statement on X with some interesting thoughts on Bitcoin (BTC). Ardoino described Bitcoin as an option against human finance. No one can change it, and no one can tame it, said the prominent crypto figure, highlighting its reliability. He conveyed that Bitcoin will always be available when needed, positioning it as a financial resource, which will remain a constant in an evolving world, despite volatility. Ardoino’s comments reflect the growing view among cryptocurrency fans and investors that Bitcoin is a reliable store of value and a…
Lido Finance reported that its total value locked (TVL) increased by 10.83% over the past week, reaching $25.18 billion as of Sept. 23. This growth is primarily attributed to a rise in Ethereum’s token price, which boosted the value of assets staked through the platform. Despite the overall increase in TVL, a net total of 26,528 ETH was unstaked during the same period, indicating some users chose to withdraw their assets. The seven-day APR for staked Ether (stETH) rose by 27 basis points to 3.17%. This uptick reflects heightened activity on the Ethereum network, which can lead to higher staking…