[ad_1] Berachain has risen through the rankings to achieve the 5th largest network based on Total Value Locked (TVL). The DeFi TVL rose from $2.3B to almost $7B in one month, which put it ahead of Base and Arbitrum and Sui in TVL growth. Berachain becomes the 5th largest chain by TVLIn just a month, @Berachain DeFi TVL surged from $2.3B to nearly $7B, surpassing Base, Arbitrum, and Sui.@Dolomite_io TVL jumped 200%, @KodiakFi nearly doubled, and @InfraredFinance reached $2B, now accounting for 29% of… https://t.co/M9bq0TKsNR pic.twitter.com/n0wpVvsAwW — CryptoRank.io (@CryptoRank_io) March 9, 2025 Proof of Liquidity (PoL) represents the consensus mechanism…
Author: NBTC
[ad_1] A total of 20,423,263 SHIB have been shifted in one swoop, attracting the attention of the Shiba Inu community. Shibburn, an X account that tracks Shiba Inu burns, has reported a huge burn transaction in which 20,423,263 SHIB tokens were transferred to a dead wallet. 🔥 20,423,263 $SHIB -> transferred to dead wallet. https://t.co/GOC8MxFVfV — Shibburn (@shibburn) February 21, 2025 A dead wallet, also known as a burn address, is one from which tokens cannot be recovered or spent. Assets sent to this form of wallet are effectively removed from circulation permanently. This move is part of a deliberate…
[ad_1] A court in Georgia has ordered the imprisonment of Mission Gate founder and venture capitalist George Bachiashvili, who is currently on trial for allegedly embezzling investment profits from former Georgian PM Bidzina Ivanishvili. Bachiashvili had previously been given bail of 2.5 million GEL ($900,000), but the Georgian Ministry of Internal Affairs reports that the investor had crossed the border into Armenia on March 2, violating the bail’s conditions. Judge Giorgi Gelashvili has upheld the prosecution’s motion to hold Bachiashvili in custody as a result, saying that the bail violation justifies a more stringent detention measure. According to Georgian television…
[ad_1] Iranian authorities have confirmed the seizure of about 240,000 cryptocurrency mining rigs over the last three years. The confirmation was made by the state electricity company Tavanir on Sunday, as the company bemoaned the state of electricity in the country. According to reports, Iran has been suffering from power shortages and network instability over the last few months, something that has become a source of worry to concerned higher-ups. According to the CEO of Tavanir, Mostafa Rajabi Mashhadi, the confiscated cryptocurrency mining rigs had consumed electricity estimated to be around 800 megawatts. In his statement, Mashhadi compared the electricity…
[ad_1] Bitcoin price held steady above $95,550 even as popular American stock indices and exchange-traded funds dived. Bitcoin (BTC) was trading above $96,550 at last check Saturday morning, a day after U.S. equities had their worst day this year. Nasdaq 100, S&P 500, and SCHD retreats The blue-chip S&P 500 index dived by 1.71%, while the tech-heavy Nasdaq 100 fell by 2%, erasing 455 points. Similarly, the Dow Jones and the small-cap-weighted Russell 2000 fell by 1.70% and 3%, respectively. The Schwab US Dividend Equity ETF fell by 0.5%. This ETF, known as the SCHD, tracks some of the biggest…
[ad_1] Gary Cardone, a seasoned investor and twin brother of entrepreneur Grant Cardone, announced he sold his entire XRP position at $2.71. Posting his today on X, Cardone, drawing from his 40 years of financial experience, cited six personal investment rules as the driving force behind his exit. In his post, Cardone told XRP investors he wishes “they get stupid rich,” but admitted he doesn’t think that will happen. “My best hopium is out to each of you,” he continued. The American-born explained how he avoids assets with unclear supply-and-demand dynamics unless he has a significant advantage. He also stated…
[ad_1] Under President Donald Trump, the US government is working toward establishing clear regulations for the crypto industry. At a Friday meeting with crypto industry executives at the White House, Trump announced that he has asked Congress to pass crypto legislation before the August recess. Today at the summit @POTUS asked Congress to pass crypto legislation before the August recess. A bipartisan majority in Congress is moving with urgency. https://t.co/xbRooDXcfM — Brian Armstrong (@brian_armstrong) March 7, 2025 White House Summit Sparks Regulatory Clarity – Industry Reacts Coinbase CEO Brian Armstrong considers the development historic. He cites two key achievements from…
[ad_1] A new technical analysis on TradingView suggests Bitcoin may be approaching a decisive moment, with a possible breakdown below key support levels. This analysis comes amidst a weakening buying pressure in Bitcoin, which opens up the possibility of a break below a strong support level. If this happens, Bitcoin could see further downside to $80,000 or even $73,000 in the coming weeks. Bitcoin Faces Critical Support Test At $93,000 Technical analysis shows that Bitcoin has been fluctuating between an upper resistance zone at $108,000 and a lower support level at $93,000. Particularly, crypto analyst MMBTtrader noted that this support…
[ad_1] Ethereum co-founder Vitalik Buterin has argued that the collapse of Solana meme coin LIBRA is a teachable moment, taking it as “an example of why education is so important.” In a tweet, Buterin said that, “The recent news should be taken not as a reason to give up,” emphasizing the importance of education in the crypto space. Lauding Argentina’s community of “amazing builders, who have already contributed some of the most important software in the Ethereum ecosystem,” he added that, “I continue to be very optimistic about Argentina and Latam’s contributions and role in the space.” In a follow-up…
[ad_1] At a time when the UN is discussing possibilities to counter the threat of crypto money laundering, a work report, presented by Ying Yong, the Procurator-General of the Supreme People’s Procuratorate, at the Third Session of the 14th National People’s Congress, reveals that nearly 3,032 people were prosecuted for crypto money laundering crimes in 2024. Let’s dive in to learn the details! China’s Crackdown on Crypto Money Laundering As per Yong’s work report, no fewer than 3,032 people were booked in connection with crypto money laundering crimes in 2024. How does crypto money laundering work? Criminals hide dirty money…