Author: NBTC
Amidst a significant gust of developments witnessed recently, Reddit, an American social news aggregation network, recently revealed that the firm is eyeing a valuation of up to $6.4 billion in its U.S. initial public offering (IPO), marking one of the most much-awaited stock market debuts this year. According to a report, the company, along with some of its key investors, aims to sell about 22 million shares, with prices ranging from $31 to $34 per share, nabbing significant attention among market traders and investors globally. This move echoed a sense of frenzy across the stock market industry as the firm…
Shiba Inu lead Shytoshi Kusama recently acknowledged a bold prediction about the digital currency’s market value. Kusama reposted a statement arguing that the second-largest meme coin could reach a $100 billion market cap this cycle. The post was shared alongside a GIF showing Robert Picardo from “Family Business” with the words “YOUR WORDS, NOT MINE” displayed. Shiba Inu’s current market position Shiba Inu has been on a rollercoaster ride over the past week, gaining more than 200% and vastly outperforming other major cryptocurrencies. According to the latest data from IntoTheBlock, SHIB’s current price stands at $0.000035, experiencing a 5.84% increase…
Coinbase, the largest U.S. cryptocurrency exchange, today announced plans to offer $1 billion of Convertible Senior Notes due 2030. According to the official announcement, the offering is subject to market conditions and other factors and will be directed to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. The Notes will be senior, unsecured obligations of Coinbase, will accrue interest semi-annually and will mature on April 1, 2030. They may be converted into cash, Coinbase Class A common stock, or a combination thereof, at Coinbase’s discretion. The interest rate, initial conversion rate and other terms of…
Bitcoin has achieved a significant milestone by reaching its all-time high of $69K after 847 days, reflecting a notable surge in confidence within the cryptocurrency market. However, this achievement is accompanied by expectations of heightened volatility in the mid-term, leading to the liquidation of numerous futures market positions. Technical Analysis By Shayan The Daily Chart A detailed examination of the daily chart highlights Bitcoin’s impressive rally, driven by increased demand and significant capital inflows into spot Bitcoin ETFs, including notable participation from Blackrock. This surge has propelled the price past several critical resistance levels, culminating in Bitcoin’s historical high of…
MakerDAO, the decentralized autonomous organization (DAO) behind the popular stablecoin DAI, announced a major transformation of its platform dubbed “Endgame.” According to the announcement, Endgame aims to improve growth, flexibility and accessibility, with the goal of scaling the DAI supply to 100 billion and beyond. Endgame was first proposed nearly two years ago and was approved by an executive vote in August 2022. According to the founder’s statement, Launch Season, which is an important part of Endgame, is now starting. This season, the most important crop cultivation and user experience features will be quickly brought to market. The first phase…
Ethereum developers are preparing for Wednesday’s much anticipated Dencun upgrade, set to bring the biggest code change to the blockchain in over a year. Dencun – a portmanteau for the project names Deneb + Cancun – consists of two upgrades happening simultaneously on Ethereum’s consensus and execution layers Technically known as a “hard fork” in blockchain terminology, it’s expected to initiate around 13:55 UTC (9:55 a.m. ET). The upgrade is designed to usher in a new era of cheaper fees for the growing array of auxiliary networks that operate on top of Ethereum, called layer-2 (L2) “rollups.” Those changes will…
With the introduction of Proof-of-Stake (PoS) blockchains like Ethereum, Polygon, and Solana, staking has become a viable way to generate wealth via transaction verification–so much so that crypto staking has already ballooned into a massive industry with a market cap of over $248 billion in 2024. With that in mind, here’s our guide to the top 10 crypto staking platforms available to retail users and enterprises in 2024. Table of Contents How to Choose the Best Staking Platform Available Cryptocurrencies Rate of Return Custody Track Record User-friendliness Top 10 Crypto Staking Platforms Coinbase Kucoin Binance.us Crypto.com Allnodes Nexo Lido Stakely…
VeChain launched its sustainability drive last November, and in two months, 2,400 users logged in 450,000 actions that saved three million kilograms of carbon dioxide (CO2). The drive also saved over nine million gallons of water, with CEO Sunny Lu recently marveling at how massive an impact small collective efforts can have on the larger goal of sustainability. Sustainability has become ever so critical, requiring a collective effort to achieve. VeChain has showcased how impactful small collective actions can be towards achieving the major sustainability goal, with the network’s sustainability drive saving over three million kilograms of carbon dioxide in…
Source: Midjourney Crypto exchange OKX said Wednesday that it received in-principle approval for a digital asset license from Singapore’s central bank. This marks a significant step towards achieving full regulatory compliance in the country. Approval in-principle typically means that financial institutions are conditionally chosen to fulfill specific obligations within a set timeframe. The next step is obtaining approval for a Major Payment Institution License, allowing the unrestricted provision of payment services such as digital payment token services and cross-border transfers, without transaction volume limits. We’re proud to announce OKX SG has received in-principle approval for an MPI License from the…
The world’s most famous Bitcoin billionaire says the new Bitcoin ETFs from BlackRock and Fidelity have proven more successful than even he had imagined. “We thought that maybe Bitcoin was a competitor to gold, but it has actually run up the leaderboard, and now it’s starting to nip at the heels of the S&P 500 Index ETFs,” MicroStrategy CEO Michael Saylor said during an interview at the Madeira Bitcoin conference. Saylor said gold ETFs, which remain the largest commodity ETFs in the United States, will be surpassed by their Bitcoin counterparts in “not too long a time.” Since launching less…