Author: NBTC
Bitcoin’s new all-time high of $69,200 on Tuesday March 5th quickly turned into a selloff, with the Bitcoin price quickly falling almost $10,000 to reach $59.700 USD to one coin. Bitcoin’s price in USD However, news just in from Bitcoin Archive on X (@BTC_Archive), says that the crypto is back above $66,000 and now has a $1.3 trillion market cap. At the time of this article going to press, that price had rallied further to $67,178.50 in USD. 8.5 billion in inflows That’s not all from Bitcoin Archive, who also posted recently on X that Bitcoin ETFs have now had…
MakerDAO, creator of the DAI stablecoin, has a good problem: Demand for its product is high. SparkLend, a borrowing and lending platform organized as a sub-DAO within Maker, has issued so much DAI in recent weeks that it needs authorization to lend more. In a governance vote approved Thursday at 12:00 pm ET, Maker voted unanimously to double the D3M maximum debt ceiling to 2.5 billion DAI. “D3M” stands for Decentralized Debt Markets Module, a mechanism designed to optimize the DAI liquidity across different DeFi platforms. The module automatically adjusts the DAI borrowing rates on external platforms (like Aave) to…
An unknown whale has transferred a large amount of Shiba Inu (SHIB) as the cryptocurrency continues its remarkable surge. Shiba Inu has become one of the best-performing cryptocurrencies in recent times with a 52% increase in 24 hours and a more eye-catching 289% gain in the past seven days. Amid the price increase, the number of whale transactions has increased significantly. In the latest of such transactions, on-chain data reveals one entity recently moved 1.25 trillion SHIB valued at over $41 million. The large transfer was made from the crypto trading firm Cumberland to the popular trading platform Robinhood. 🚨…
The chairman of the U.S. Commodity Futures Trading Commission told a crowd in Florida that his agency is coming up with a new rule for the prediction markets. The CFTC has been waging a legal battle with the platforms that allow users to buy simple contracts predicting the outcome of real events. U.S. Commodity Futures Trading Commission Chairman Rostin Behnam said his agency will propose a rule in the coming months to establish new regulations for prediction markets. “We anticipate considering a proposal to amend CFTC rules that address the treatment of certain types of event contracts, in order to…
Arbitrum has successfully implemented the update called “Atlas,” which introduces the use of blobs. Offchain Labs, in the context of the Atlas update, has integrated support for the Dencun update in the Arbitrum ecosystem. The main goal of the Atlas update is to reduce transaction costs on Ethereum Layer 2 by leveraging the incorporation of blob transactions. Let’s see all the details below. Dencun: a turning point in the Arbitrum ecosystem with the Atlas update Optimization of transactions on Arbitrum and growth of the community Arbitrum: record price, technical analysis and future scenarios Dencun: a turning point in the Arbitrum…
Bitcoin (BTC), the world’s leading cryptocurrency, has once again showcased its inherent volatility, with its price dwindling to $58,000 after hitting a record high of over $69,000. According to the latest data from CoinMarketCap, Bitcoin is currently trading at $66,621, representing a 54.5% increase in the past month. With Bitcoin soaring to unprecedented heights only to face a sharp downturn within a short span, here are three crucial takeaways from the recent Bitcoin price movement. Profit-taking pressures persist The phrase “buy low, sell high” remains prevalent on the Bitcoin market. Legendary trader John Bollinger’s recent commentary, as noted in an…
In an exciting development for Bitcoin enthusiasts and DeFi users alike, the Bifrost Foundation has announced a strategic collaboration with the Stacks Foundation. This partnership aims to enhance the utility and interoperability of Bitcoin-based assets and protocols, setting a new standard in the DeFi landscape. One of the most notable outcomes of this collaboration is the introduction of BTCfi, a service designed to empower Bitcoin holders with minimized risk opportunities for earning additional Bitcoin. In conjunction with the upcoming release of sBTC, a non-custodial, programmable Bitcoin-backed asset, BTCfi will support sBTC as collateral, echoing the functionalities of WBTC and BTCB.…
Ripple’s CTO aligns publicly with Elon Musk to face the SEC. This partnership sparks excitement in the XRP community. Will Elon Musk partner with XRP before DOGE? In a surprising turn of events, Ripples’ Chief Technology Officer (CTO) seems to have publicly aligned with Elon Musk in what appears to be a joint effort against the U.S. Securities and Exchange Commission (SEC). Ripples CTO joins forces with Elon musk in fighting against the SEC, first time it’s actually done publicly! Does that mean a X and #XRP partnership coming? Seems like a good start!XRPL is going to go mad soon!…
A U.S. district court has changed the bail conditions for Binance cryptocurrency exchange founder Changpeng Zhao and ordered him to surrender his Canadian passport. As the Wall Street Journal reports, the Ministry of Justice’s request was satisfied. The court has now ordered Zhao to surrender all valid and expired passports. The entrepreneur must transfer the documents to a person his lawyers will hire, who will accompany the former head of Binance on all trips where a passport may be needed. In addition, Zhao can only issue new documents with the court’s permission. He is also obliged to notify the relevant…
In a remarkable turn of events, Bitcoin and gold have simultaneously reached record highs, sending conflicting signals about the global market’s risk appetite, as reported by Richard Henderson from Bloomberg News. This apparently marks the first time the two assets have concurrently hit all-time highs since Bitcoin’s emergence more than a decade ago. Traditionally, gold has been considered a safe-haven store of value, while Bitcoin’s role beyond speculation remains a topic of debate. Source: TradingView Source: TradingView According to Henderson, Bitcoin’s impressive 50% surge this year can be attributed to the influx of investments into recently launched US-listed spot exchange-traded…