Author: NBTC
Blockchain innovation is the heartbeat of progress, and Bitcoin Spark challenges the reign of established giants like Bitcoin and Ethereum. As the crypto arena evolves, attention is increasingly turning towards the next-generation blockchains with promises to redefine the norms of decentralized ecosystems. Bitcoin price Bitcoin price is rising thanks to multiple fronts accelerating the pioneering cryptocurrency’s surge. As a mirror to the general cryptocurrency state, Bitcoin price is multi-faceted. Factors include Bitcoin halving events, ETF approval, rising altcoins like BTCS, macroeconomic factors, and inflation. Bitcoin needed a spark to execute a bull run, and Bitcoin Spark delivered the initiative considering…
New information from market intelligence agency Nansen reveals that Binance is experiencing comparatively minimal results from being charged $4 billion in fines by US regulators. In keeping with Nansen, the world’s largest crypto alternate saw an outflow of $17 million price of Ethereum (ETH) in a single hour and $956 million price of Bitcoin (BTC) in someday. Nonetheless, Nansen says that the worth of Binance’s whole holdings elevated barely during the last 12 hours. “On the time of writing, withdrawals are persevering with, and we’re not seeing a mass exodus of funds. Over the previous hour on Ethereum, Binance has…
LayerZero Labs has announced that it is now live on Astar Substrate, an extended arm of Astar Network. The L1 blockchain is known to support not just EVM environments but also Wasm environments. Moreover, it has introduced the Build2Earn Program for developers who choose to build on Astar. Additionally, LayerZero is backing the collaboration with a Bug Bounty Program with rewards of up to $15 million. The objective for users in this context is to identify potential areas for security enhancements and other forms of improvement. LayerZero has, so far, distributed approximately $1 million to white hats who have participated…
The asset manager Grayscale has filed an updated Spot Bitcoin ETF filing following its meeting with the Securities and Exchange Commission (SEC). The foremost cryptocurrency, Bitcoin, also rebounded on the back of the news as it crossed the $37,000 mark once again. Why Grayscale’s Filing May Be Significant In its filing dated November 22, Grayscale made some amendments to the original S-3, which it had previously filed with the SEC. As pointed out by prominent finance lawyer Scott Johnsson, the changes include some new risk factors. Some of these risk factors are said to match that of ARK Invest’s relating…
With their leader, Bitcoin, at the forefront, Cryptocurrencies have emerged as a feasible alternative to the established and outdated centralized financial system. The global impact of this phenomenon is evident in the diverse reactions from various countries and regions. While certain nations, like China and India, generally do not acknowledge cryptocurrencies as legal tender and impose significant restrictions on their usage, others, such as the United States and Japan, have opted for a more cautious approach. Notably, certain U.S. states have officially recognized cryptocurrency as a legal tender. Europe has also exhibited a more receptive stance, with some countries embracing…
Circle has introduced the Bridged USDC Standard for two core objectives: expanded access to USDC and reduced fragmentation. USDC is live on 15 blockchains, with the possibility that more networks could join the ecosystem in the future. They would look to solve the cold start issue, thereby facilitating the requirement of what Circle deems important to start with right now. Simply put, there is a difference between Native USDC and Bridged USDC, with Native USDC having more recognition considering it is issued by Circle, which is a regulated Fintech. On the other hand, a third party creates Bridged USDC, which…
Ethereum whales have been bullish for a long time now, even through the stretched-out bear market of the last year, and their accumulation trends prove this. According to Santiment, the largest Ethereum wallets have been stacking up ETH at an alarming rate, suggesting that these large investors expect the price to keep going up. Ethereum Whales Buy $124 Billion Worth Of Tokens Santiment reports that the top 200 Ethereum whales have been buying ETH since November 21, 2022. This was just a few weeks after the FTX crypto exchange filed for bankruptcy, sending cryptocurrency prices across the space into a…
Chainlink has announced that its Staking v0.2 mechanism will go live on November 28, 2023, at 12 p.m. ET. The process will begin with Priority Migration followed by Early Access and General Access. Staking v0.1 successfully launched with a pool of 25 million LINK tokens, forming the foundation for Chainlink Staking v0.2. Simply put, staking has always been at the center of Chainlink Economics, and it is now moving forward with a bigger pool. The total pool size is 45,000,000 LINK. Community Staking Allotment is at 40,875,000 LINK, while Node Operator Staker Allotment stands at 4,125,000 LINK. The minimum stake…
Matrixport, a leading digital finance platform, today, November 22, released a comprehensive research note focusing on the significant implications of yesterday’s developments in the crypto industry, particularly regarding the prospects of a spot Bitcoin Exchange-Traded Fund (ETF) in the United States. Following the guilty plea of Binance CEO Changpeng Zhao (CZ) and the substantial financial settlements involved, Matrixport suggests that the path for approving a spot Bitcoin ETF might have become significantly clearer. The note highlights the regulatory crackdowns and compliance upgrades in the crypto sector, indicating a shift towards greater regulatory alignment with traditional financial (TradFi) systems. “Some would…
Ethereum recently cleared the $2,000 price level again in the past 24 hours, as filings of Spot Ethereum ETFs in the US start to pile up. New on-chain data has shown a clearer sentiment among ETH investors, and it looks like many are getting ready for the long haul. Data shows that the amount of Ethereum held on exchanges has dropped since the middle of last week to the lowest levels since 2018. That means fewer people are selling their Ethereum, and more are holding onto it or staking it. Ethereum Exchange Supply Plummeting Although Ethereum is still down by…