Author: NBTC
While a few whales are dumping ETH following its recent price decline, exchange supply data shows most investors are bullish. Hong Kong spot Bitcoin and Ethereum ETFs underperform issuers’ expectations on the first day of trading. Ethereum liquidations have exceeded those of Bitcoin. Ethereum (ETH) experienced a further decline on Tuesday following a disappointing first-day trading volume for Hong Kong’s spot Bitcoin and ETH ETFs. This comes off the back of increased long liquidations and mixed whale activity surrounding the top altcoin. Read more: Ethereum erases weekend gains as yearlong SEC investigation comes to light Daily digest market movers: Whale…
Coinbase, the premier US crypto exchange, surpassed Wall Street predictions significantly. It reported a net income of $1.18 billion, or $4.40 per share, in the first quarter of 2024. This remarkable achievement contrasts sharply with the prior year’s loss of $78.9 million, or 34 cents per share. Notably, this quarter marks the company’s first profit in two years, a milestone revealed in February. Coinbase Releases Q1 2024 Report The substantial net income includes a $650 million mark-to-market gain on crypto assets. This gain follows the adoption of updated accounting standards by Coinbase. The total revenue increased 72%, quarter-on-quarter, hitting $1.6…
Biconomy (BICO) altcoin, the largest Account Abstraction provider in the web3 space, has secured strategic funding from leading web3 venture capitalists, according to its official statement. Jump Capital, Borderless Capital, Consensys Ventures, Taisu Ventures, Manifold Trading, Side Door Ventures and Blockchain Founders Fund participated in the financing round. Notable angel investors in the round include American entrepreneur and investor Balaji Srinivasan and Selini Capital founder Jordi Alexander. Aniket Jindal, co-founder of Biconomy, said in his statement about the development: “Successfully completing this significant investment round proves the power and promise of our vision to empower web3 developers to drive mass…
Ross Ulbricht is the founder of the ill-famed darkweb marketplace The Silk Road shut down in 2013 after running for two years under Ulbricht’s leadership. Having spent more than a decade in prison already, he has tweeted that now, the US authorities may deprive him of the connection to the crypto community – social media presence. Ulbricht announced that he may be deprived on his voice on social media soon. According to his tweet, the Bureau of Prisons is considering preventing prisoners from using any social media in the future even those who have accounts run by their close relatives.…
Today, two major cryptocurrency exchanges, MEXC and Indodax, are set to list a few interesting trading pairs. MEXC, established in 2018, is renowned for its high-performance technology and has over 10 million users in more than 170 countries. INDODAX, the largest digital asset marketplace in Indonesia, offers a wide range of coins and trading pairs to over 2 million users. It allows customers to buy digital assets with Indonesian Rupiah. Let’s see the major trading pairs going to be listed Today. 1. Trading Pairs To Be Listed in MEXC Today UDS/USDT, PEPEBOMB/USDT, FOMONET/USDT, and NEUROS/USDT are the four prime trading…
Yuga Labs, creators of the Bored Ape Yacht Club NFTs, have announced a groundbreaking partnership with Somnia, an emerging powerhouse in blockchain technology designed specifically for the metaverse. This collaboration aims to dramatically enhance the interoperability across the expansive digital realms of Yuga Labs’ Otherside. Yuga Labs and Somnia Will Optimize the Otherside Metaverse Somnia’s high-performance L1 blockchain and innovative omni-chain protocols support hundreds of millions of transactions per second, setting a new standard for connectivity within the metaverse and gaming ecosystems. By leveraging these technologies, Yuga Labs will provide its NFT holders, including those from the Bored Ape Yacht…
Bonello indicated that the current adverse swing in Bitcoin’s price would lead to a huge fall. In addition, the ex-Director of Grayscale expects ETF activity to skyrocket this year. Former Grayscale Investments director Phil Bonello has lately shook up the cryptocurrency world with a slew of comments and forecasts about Bitcoin’s future. Furthermore, he provided comments about the wider cryptocurrency industry. Bonello indicated that the current adverse swing in Bitcoin’s price would lead to a huge fall. Among the many important things that Bonello made in an X post was the possibility that Bitcoin may fall to $52,000. Concerns about…
NFTBank, an NFT portfolio management platform, has just released an improved version of its service, NFTBank V2. The platform has built a reputation for its accuracy in NFT valuation and profit and loss reporting. The release of NFTBank V2 aims to expand on this foundation by providing additional capabilities that enable monitoring of NFT purchases via various techniques, including minting, bulk buying, and transactions across main and secondary markets. These updates are important in a market where openness and accuracy in asset value are essential for investor trust and regulatory compliance. NFTBank V2 can connect to up to 3,000 wallets,…
London-based CF Benchmarks provides reference data for crypto ETFs totalling $24 billion in AUM, mostly bitcoin products including BlackRock’s IBIT. The firm is also now working with the new ETFs in Hong Kong which debuted earlier this week to rather meagre trading volume. The CEO of CF Benchmarks, a unit of cryptocurrency exchange Kraken, predicts that despite an inauspicious beginning, crypto exchange-traded funds (ETFs) in Hong Kong will reach $1 billion in assets under management (AUM) by the end of 2024, Bloomberg reported on Friday. London-based CF Benchmarks provides reference data for crypto ETFs, mostly bitcoin products including BlackRock’s IBIT.…
There has been a new development regarding the payment company X Payments, which will be included in the social media platform formerly known as Twitter and whose name was changed to X after Elon Musk’s acquisition. According to the latest information, X Payments will most likely not support cryptocurrency payments at launch. The company has not yet applied for the necessary virtual currency licenses that would allow its products to include virtual assets. Today, X Payments was granted a Check Sales and Money Transmitters license for Louisiana. However, Louisiana also requires a Virtual Currency Business License for products involving crypto…