Author: NBTC

Binance Launchpool, the world’s largest cryptocurrency exchange, announced the 49th project on its platform. Binance stated that the new Launchpool project is ether.fi (ETHFI). “Binance is excited to announce that ether.fi (ETHFI) is the 49th project on Binance Launchpool, the decentralized, non-custodial delegated staking protocol. Users will be able to stake their BNB and FDUSD in separate pools to collect ETHFI tokens for four days starting 03.14.2024 00:00 (UTC). Binance will then list ETHFI on 3/18/2024 at 12:00 (UTC) and begin trading with trading pairs ETHFI/BTC, ETHFI/USDT, ETHFI/BNB, ETHFI/FDUSD, and ETHFI/TRY. Seed Label will be applied to ETHFI. Binance will…

Terraform Labs can retain its lawyers in its bankruptcy proceedings, a judge ruled Tuesday. The ruling comes after the Securities and Exchange Commission challenged the bankrupt company’s retainer of $166 million for the lawyers. The bankruptcy court found, thanks to two declarations in support of the company’s move, that the law firm “does not represent or hold any interest adverse to the debtor.” Additionally, the law firm agreed to return $48 million — of the amount pre-paid for the firm’s work on the case — to Terraform. Read more: Terraform faces ‘significant liability’ after SEC trial The agency previously argued…

Leading cryptocurrency Bitcoin has recently experienced a massive buying wave, pushing BTC to an all-time high. At this point, although BTC reached $ 69,000, it could not hold on there and fell to $ 59,000 in a short time. However, Bitcoin recovered afterwards, increasing by 59% since the beginning of the year and a surprising 300% increase since January 2023. While the market generally continues to expect a rise in Bitcoin, CME Group discussed the rise of BTC in recent months and listed the reasons behind the rise in a video it published. While CME Group cited the halving event…

With the stellar demand for spot Bitcoin ETFs within the first two months of launch, market analysts are hoping for a similar approval of spot Ethereum ETF. Top industry players like BlackRock and Fidelity have been flexing their muscles to get a spot Ether ETF in the market, however, the overall optimism surrounding this seems to be waning down. What Are the Roadblocks to Ethereum ETF Approval? Blofin Analysis has indicated that the likelihood of spot ETH ETFs receiving approval is considerably reduced due to factors such as the negative implications of the PoS mechanism, risks associated with price manipulation,…

We live in an era of unprecedented surveillance, control and hidden costs imposed by intermediaries. Big Tech companies control the information you see, while silencing voices their content moderators don’t agree with. Big Banks charge hidden fees on their users, while credit card companies charge fees on small businesses. And the federal government, every day, takes steps closer to a central bank digital currency, or CBDC, the ultimate step in financial surveillance and control. The American people deserve an alternative. And that alternative is already here today: Crypto, blockchain-based networks and the decentralized social media and financial services built on…

While Bitcoin (BTC) reached an all-time high on some cryptocurrency exchanges today, altcoin whales did not remain idle. A whale known by the short wallet address 0x81d deposited all 55.13 million PEOPLE tokens (equivalent to $2.84 million) to Binance at an average price of $0.05156 per token. PEOPLE price is down approximately 16% in the last 24 hours and is trading at $0.04681 at the time of writing. Interestingly, the same whale had withdrawn these PEOPLE tokens from Binance on March 2, 2024 at an average price of $0.04987 ($2.75 million in total). If he had sold now, he would…

In a partnership between Transak, a leading web3 payments and onboarding solutions provider, and BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, millions of users across the world now have access to a high purchase ceiling on their crypto buys. BitPay users can buy large amounts of more than 175 supported digital assets at some of the industry’s most competitive prices. Cryptocurrency investors often face restrictions in the amount of crypto they can purchase in a single transaction. This limitation can be a significant deterrent to purchase crypto owing to a poor experience and the inability to…

While all eyes are on Ethereum ETFs after the SEC’s spot Bitcoin ETF approval, the possibility of approval for ETH ETFs is decreasing day by day. At this point, while the approval probability of spot Ethereum ETFs was priced at 35%, Blofin analysts evaluated the decrease in the approval probability of spot Ethereum ETF and how the ETH price could be affected by this situation. Listing the hurdles to the ETH ETF process, Blofin analysts said that the likelihood of spot ETH ETFs receiving approval is significantly reduced due to factors such as the negative effects of the PoS mechanism,…

Crypto investment products registered $2.7 billion in inflows over the last week, a new weekly record, according to a report from asset management firm CoinShares. This capital injection has propelled the year-to-date total flow to $10.3 billion, nearing the all-time high of $10.6 billion recorded for the entirety of 2021. Bitcoin has been the primary beneficiary, attracting $2.6 billion and accounting for 14% of the total Assets under Management (AUM). The trading turnover for digital assets has also seen a substantial increase, reaching a new high of $43 billion this week, a considerable jump from the previous record of $30…

Nearly two years after LUNA collapsed from over $80 to less than a cent, erasing $60 billion in value and triggering a crypto-wide bear market, the new version of the cryptocurrency made a surprise rally on Tuesday, jumping 77% in just two hours. Don’t get too excited (or concerned)—LUNA, the rebooted version of the original native token of the now-defunct Terra ecosystem (now called Luna Classic, or LUNC), is nowhere near returning to the original LUNA’s position of dominance. It did jump today from $0.83 to $1.47, however, on marginally encouraging news about Terra’s currently incarcerated founder, Do Kwon. But…