Author: NBTC
Maker Dao, the body responsible for the development of the MKR token, has passed a new Executive Vote to bring new changes that will wade off any form of demand shock from the massive embrace sparked by the current bull rally. Maker DAO and the Proposed Changes Earlier on Friday, Maker DAO unveiled its plans to put forth a proposal for accelerated approval of a stablecoin stability measure should some users decide to withdraw a part of the $1.1 billion worth of Real-World Assets (RWA) that are available for redemption on the protocol. While there is currently no tilt or…
Ethereum jumped over $3,800 Wednesday morning, hitting its highest price since the end of 2021. At time of publication, the Ethereum price has pulled back slightly, trading at $3,796.53, up 2.8% on the day, per data from CoinGecko. The cryptocurrency last traded over $3,800 on December 29, 2021, according to the price tracking site. The cryptocurrency’s price surge comes as staked Ethereum hit over $116 billion earlier this week, up 9% since the start of the year. Today, 31,320,207 ETH are currently staked, worth over $119 billion at ETH’s current price, per data from beaconcha.in. Ethereum’s positive momentum also comes…
The stock price of Coinbase has surpassed its initial direct listing price for the first time in over two years, as Bitcoin reached a new all-time high. When the most prominent U.S. crypto exchange entered the public market through a direct listing in 2021, the starting price was $250 per share. Initially, the stock experienced a surge, reaching a peak of $350 per share in November 2021. However, it concluded its first year on the market with a 38% loss. The following years saw Coinbase’s shares struggle as the cryptocurrency market cooled down and regulatory scrutiny from the SEC intensified.…
The Shiba Inu ecosystem team has confirmed plans to initiate a massive SHIB burn soon. The team made this known through a post shared today by Shiba Inu’s marketing expert, Lucie. She said the team had collected 40 Ethereum (ETH) to incinerate SHIB tokens in the coming days. At the time of writing, the 40 ETH are valued at around $155,720, with a unit of ETH priced at $3,893. 🔥 $SHIB burns incoming! 40 ETH collected for the burn. Stay tuned! 👀 — 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO 🧜🏼♀️ (@LucieSHIB) March 8, 2024 Another Shibarium-Powered Burn? Although Lucie did not provide sufficient…
Binance, the world’s largest cryptocurrency exchange, continues to offer innovations that make it easier for its users to earn money with its innovative vision. At this point, Binance announced Futures NEXT, a prediction platform that allows Binance Futures users to predict altcoin listings. Accordingly, users will be rewarded for correctly predicting which tokens will be listed on the Binance Futures USD market. To register for Binance Futures with commission discounted advantages and participate in this event, you can register now from this link: https://www.binance.com/tr/futures/ref/38482669 Stating that the tokens expected to be listed will be collected in a pool, Binance said…
Bitcoin price has fallen by over 10% after briefly touching its all-time high of $69,000, propelled by investors’ flood of money into BTC Spot Exchange-Traded Funds (ETFs). However, intense volatility surrounding the crypto asset’s price has triggered a rebound to the $68,000 mark, which highlights the return of positive enthusiasm, prompting predictions of a significant rally to an unprecedented height. Key Narrative That Could Send Bitcoin To $240,000 Cryptocurrency analyst and trader Matthew Hyland has shared an optimistic forecast for Bitcoin with the community on the social media platform X. The analyst has identified a key trend that could trigger…
A massive Ethereum (ETH) whale, dormant for an extended period, has suddenly sprung to life, transferring 10,000 ETH in a single transaction. According to Lookonchain, a giant whale woke up after three years of dormancy when the price of ETH recovered above its pre-dump level and deposited 10,000 ETH worth $38.5 million to Bitfinex at an average price of $3,850. The $ETH price has recovered beyond the pre-dump level at $3,865!Gigantic whale 0xd98 woke up after 3 years of dormancy and deposited 10K $ETH ($38.5M) to #Bitfinex at $3,850 ~50 mins ago.The whale withdrew 110K $ETH from #Bitfinex at only…
As many market observers and experts are speculating whether crypto payment platform Ripple Labs will move forward with its IPO plans this year, the firm has promoted two of its employees to executive positions Ripple Labs Bags New CFO and SVP According to the announcement from the crypto company, Jon Bilich has been named the new Chief Financial Officer (CFO) of Ripple Labs while Mariel Kelley has equally been upgraded to the position of Senior Vice President (SVP), People and Places. Ripple CEO Brad Garlinghouse acknowledged the contributions that both individuals have made in the Ripple ecosystem. Garlinghouse stated that…
Wert, in partnership with Worldpay, has broadened its payment options to accept JCB, Amex, and Discover cards, enhancing access to web3 services via fiat payments. Worldpay’s collaboration with Wert aims to bridge the gap for non-crypto native users by providing access to an estimated 121.7 million Amex cardholders, over 140 million JCB cardholders, and approximately 57 million Discover cardholders. The initiative supports a wide range of cards in 198 countries. According to Cointelegraph, Wert’s approach achieves a 95% approval rate for fiat payments, significantly higher than the industry average, which often sees a 50% failure rate due to various factors…
Bitcoin soared past expectations to record a new all-time high, reaching $70,330 today. The remarkable 5% increase from its opening price of $66,870 has the cryptocurrency market speculating about the future. Bitcoin Hits New All-Time High This surge comes from Bitcoin breaking out of an ascending triangle on its 10-minute chart. This technical pattern underscores the digital currency’s bullish momentum and hints at even more growth on the horizon. Indeed, this bullish technical formation projects a target of $71,500. Bitcoin Price Performance. Source: TradingView Experts are keenly observing these developments, noting the significant upside potential Bitcoin displays. Among them, Fundstrat’s…