Author: NBTC
Cryptocurrency prices were mixed during the weekend, a few days after Bitcoin surged to over $64,000 for the first time since 2021. Bitcoin remained stuck above $62,500 while Ethereum was around $3,430. Other popular coins like Solana, Avalanche, and Tron remained in a consolidation phase. Still, there were some top performers during the weekend. WEN, the new Solana meme coin, jumped to $0.00031, which was 635% above its lowest point on record. Its jump brought its total market cap to over $297 million. Similarly, Numbers Protocol (NUM) surged by over 200% in the past 24 hours, giving it a market…
Russia has formally signed a law permitting the use of digital financial assets (DFAs) for cross-border payments amid attempts to avoid Western-backed sanctions. Russia’s President Vladimir Putin appended his signature to the bill that allows digital currency use for foreign trade payments, ending months of legislative back-and-forth. A deep dive into the provisions of the newly minted law reveals that only tokenized assets issued by the Bank of Russia are authorized to be deployed in foreign trade payments. Domestic use within Russia’s borders is expressly prohibited by the new rulebook despite the legislative approval given to DFAs. Russia’s authorities are…
Introduction to Blockchain’s Revolution in Gaming The integration of blockchain technology within the gaming sector signifies a profound metamorphosis in the paradigms of game development, deployment, and player interaction. Blockchain, with its immutable ledgers, consensus algorithms, and cryptographic assurances, provides a critical infrastructural backbone for the gaming industry’s evolution. This pioneering technology paves the way for the advent of decentralized gaming ecosystems, wherein smart contracts supplant traditional centralized administration. This progression not only democratizes the gaming experience but also institutes mechanisms for verifiable game fairness, ownership of non-fungible tokens (NFTs), and the integrity of cryptographic transactions, thus redefining the concept…
Bitcoin just set a record high. But what the hell is it? Amid all the excitement around bitcoin (BTC) setting a new all-time high Tuesday, there’s oddness surrounding the auspicious event: little agreement on the new peak price bitcoin got to, or the prior pinnacle that got beat. On Coinbase, the U.S.-based cryptocurrency exchange popular with retail traders, bitcoin got to a new high of $69,325. But Bloomberg says the fresh record is $69,191.94, Reuters says $69,202 and the CoinDesk Bitcoin Index (XBX) says $69,208.79. CoinGecko reports that bitcoin only reached $68,912.84 on Tuesday, which is not a new record,…
Cathie Wood’s Ark Invest has made headlines once again as it continues to divest Coinbase shares, shedding another $27.2 million worth of COIN on Tuesday, according to the investment firm’s latest trading filing. Cathie Wood’s Ark Invest Continues Coinbase Selling Spree The famous investment firm, led by Cathie Wood, sold 106,000 Coinbase shares across three exchange-traded funds (ETFs). This latest move comes on the heels of a $69 million sale on Monday, bringing Ark’s total Coinbase divestiture this week to nearly $100 million. Coinbase’s decision to rebalance fund weightings amid a sustained rise in its stock price is seen as…
In the midst of cryptocurrency activity, WIF defied expectations and surpassed Bonk to become the fourth largest memecoin by market capitalization. This sudden turn of events has shocked the crypto community, getting them excited and curious about WIF’s meteoric rise. $WIF has overtaken $BONK by market cap pic.twitter.com/0GDhoV3fnX — CoinGecko (@coingecko) March 3, 2024 WIF Emerges as Top Player in Memecoin Arena WIF has risen dramatically due to its impressive recent performance. WIF’s value has risen an unprecedented 40% in 24 hours, and trading volumes have reached multiple nine-figure levels. WIF is one of the most sought-after pairs in the…
Prominent lawyer John Deaton has made a significant donation to support his Senate campaign against U.S. Senator for Massachusetts, Elizabeth Warren. In a tweet yesterday, Attorney Deaton said he had donated $500,000 of his personal money to the cause. He expressed confidence in his ability to defeat the crypto-hostile senator in the November 2024 Senate election. I put in $500K of my own money because I know I can win. Please help me get to $1 million by March 31. Donate traditionally or through Crypto because freedom is on the line. https://t.co/qgDX3PTWJQ — John E Deaton (@JohnEDeaton1) March 15, 2024…
While the Bitcoin network is poised to see significant growth in its Layer-2 (L2) ecosystem, “finding an optimal mechanism to maintain finality” on the network remains an inherent limitation that prevents this from happening, Mithil Thakore, the co-founder and CEO of Velar, has said. Thakore also identified the yet-to-be-optimized “bridging of native Layer-1 (L1) assets to L2 and back” as another obstacle to the L2 ecosystem’s growth prospects. The Transition From BRC 20 to BRC 420 However, in his written responses to Bitcoin.com News, Thakore acknowledged that preliminary results of solutions such as Bitvm and Drivechains suggest a breakthrough may…
Bitcoin took 10 minutes to return to parity with euro trading pairs on other exchanges. Flash crashes are typically attributed to a lack of liquidity or a “fat finger” trade. Bitcoin (BTC) lost 23.7% of its value against the euro on Coinbase (COIN) Tuesday during the period of high volatility that followed the crypto’s surging to a record U.S. dollar high of $69,325. BTC momentarily plunged to €48,529 from €60,000 on Coinbase, while on Kraken, for instance, the price only went as low as €58,400. The reason for the flash crash remains unclear and it took 10 minutes for the…
In a significant move towards expanding its capabilities, Request Finance has announced the acquisition of Consola Finance. This strategic development marks a pivotal moment for Request Finance, enhancing its position as the ultimate enterprise finance platform for both crypto and fiat operations.—With the integration of Consola Finance, Request Finance is set to offer a comprehensive suite of services, including Crypto Accounting, catering to the needs of finance professionals and certified public accountants (CPAs) engaged in operations involving crypto and fiat currencies.”By welcoming Consola Finance into the Request Finance family, the platform is poised to deliver a unique all-in-one finance platform.”Jacob…