Author: NBTC
Besides the obvious paramount importance for institutions, the approval of spot ETFs on major cryptocurrencies might bring a new cohort of retail investors to Web3, the top investor says. He draws parallels to the 2017 crypto run that introduced blockchain assets to the majority of modern cryptocurrency enthusiasts. Crypto retail holders will be excited by Ether spot ETF, veteran investor Arthur Cheong says Arthur Cheong, the CIO and co-founder of Asian VC firm DeFiance Capital, cannot imagine a situation when the retail community will not be excited by the approval of exchange-traded products on spot Ethereum (ETH). He shared the…
XRP, the seventh largest cryptocurrency by market capitalization, saw a flurry of activity as a staggering 74 million tokens were mysteriously transferred to various wallets in a series of transactions. The significant transfers of XRP tokens, which might suggest whale buying, have sparked speculation and intrigue within the XRP community and the broader cryptocurrency market. XRP has seen volatility in the last 24 hours, with its price falling amid a broader market downturn. At the time of writing, XRP was down 1.14% in the last 24 hours to $0.516, after dipping to intraday lows of $0.5077. In what might coincide…
According to a CoinGlass report, Binance sees a substantial drop in trading volume, which is currently tied to trading bots that are used for stabilizing the market and liquidity. As for now, major assets are losing from 70% up to 95% of their volume, but it is not yet clear what the reason is behind the drop. The report goes further to indicate that Binance currently experiences huge declines in trading volumes related to inter-trading bots that are used for market stabilization and providing the necessary liquidity. At the moment, the main assets are losing from 70% up to 95%…
Riot has the financial capacity to consolidate the bitcoin mining space, the report said. The broker said it expects the U.S. bitcoin mining space to consolidate to around five large players. Bernstein said the larger miners should ramp up their M&A game to maintain strategic relevance. Riot Platforms (RIOT) is the most ambitious bitcoin (BTC) miner to attempt to consolidate the sector, and the company has a desire to build the world’s largest publicly listed mining company, broker Bernstein said in a research report on Tuesday. The Colorado-based company has the financial capacity to consolidate the mining space as it…
The crypto industry has several unique approaches to smart contract execution and decentralized applications (DApps). These innovations are driven by the need for scalability, security, and efficiency, allowing developers to build increasingly sophisticated applications. Yet, what is so different between the smart contracts on different blockchains? Which is the smartest smart contract platform? Turing completeness is a key aspect of smart contracts. Turing completeness is a concept from computational theory that refers to a system’s ability to perform any computation given enough time and resources. It is named after the British mathematician and logician Alan Turing, who developed the concept…
The Bitcoin network halving is fast approaching, likely to fall in seven days (April 19), according to the most recent estimates. But trying to pin down the exact minute or even hour for this pre-planned, programmatic update is surprisingly unpredictable. Just take a look at any of the Bitcoin halving countdowns online: they’re all out of sync! This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here.Watcher Guru, for instance, shows the halving will strike in seven days, seven hours…
The ETH ETFs have been making a great impact on the overall crypto industry before their arrival. In this respect, a whale has wisely obtained significant profit by buying the $ETH tokens with the use of $USDT before the news regarding the spot ETH ETFs. A prominent on-chain statistics provider Lookonchain disclosed this development on its account on the social media forum X. Before the $ETH ETFs news, a whale spent 26.67M $USDT to buy 8,733 $ETH at $3,054.56 and has an unrealized profit of ~$6M.After the #SEC approved form 19b-4 for $ETH ETFs, the whale bought $24.7M worth of…
In the world of crypto, all eyes are on Base, the Layer-2 solution from Coinbase, as it braces for a substantial liquidity injection from the highly anticipated friend.tech airdrop. Speculation is rife as enthusiasts eagerly await the influx of liquidity coinciding with Coinbase’s upcoming earnings report, which reveals Base’s impressive $50 million revenue generation. The imminent launch of the friend.tech token airdrop, slated for April 29, has sent ripples of excitement through the community. A sneak peek provided by friend.tech offers tantalizing glimpses into what users can expect from the platform’s latest developments. Among the notable features teased is the…
Revolut, the global financial app serving over 40 million customers worldwide, has announced an expansion of its international transfers feature. The company is introducing 14 new payment corridors across nine African countries, supported by three digital wallets: Airtel Money, Orange Money, and MTN. The new feature enables Revolut customers in the UK and most European Economic Area (EEA) countries to send money quickly to recipients in Africa. Specifically, funds can now be transferred to Orange Money in Botswana, Guinea-Bissau, Côte D’Ivoire, Madagascar, and Sierra Leone; to Airtel Money in Congo, Gabon, Madagascar, Malawi, and Zambia; and to MTN in Guinea-Bissau,…
Bitfarms rejected Riot Platforms’ unsolicited $2.30 per share takeover bid as undervaluing the crypto miner. The company said it hired investment bank Moelis to serve as a financial adviser in dealing with additional expressions of interest it has received. Crypto miner Bitfarms’ (BITF) rejected rival Riot Platforms’ (RIOT) takeover bid, saying it “significantly undervalues” the Canadian company. Riot on Tuesday said it submitted an unsolicited proposal to buy Bitfarms for $2.30 per share in a deal that would create the world’s largest bitcoin miner. Bitfarms said the offer was unsatisfactory and that it had received additional unsolicited expressions of interest…