Author: NBTC

Australia officially launches its Bitcoin ETFs tomorrow. The Spot BTC ETF success across other nations will surely reflect in Australia as well. The crypto market braces for impact, could this be the trigger to the golden bull run? The Bitcoin ETF narrative continues to gain traction across the world and the next country preparing to welcome its potential. Specifically, Australia’s first Bitcoin ETF will go live tomorrow and the crypto market awaits another surge. BREAKING: 🇦🇺 Australia’s first #Bitcoin ETF to start trading tomorrow. pic.twitter.com/79EyJyHCqV — Bitcoin Archive (@BTC_Archive) June 3, 2024 As another country prepares to embrace Bitcoin ETFs…

TL;DR The Ethereum DeFi ecosystem is experiencing an increase in Uniswap V2 pools on Layer 2 solutions, enhancing scalability and reducing costs. Platforms like Arbitrum, Optimism, and Polygon are leading this advancement by offering efficient environments for decentralized exchanges and liquidity pools. The adoption of Layer 2 reflects Ethereum’s evolution in addressing scalability challenges, boosting market confidence, and driving investment in DeFi innovations. The Ethereum decentralized finance (DeFi) ecosystem continues to grow exponentially, with Layer 2 solutions seeing a significant rise in the creation of Uniswap V2 pools. The industry is taking a crucial step towards improving scalability and reducing…

Earlier this year, Ripple unveiled its plans to acquire Standard Custody & Trust Company, a regulated custodian for digital assets. With all necessary regulatory approvals secured, the acquisition is now finalized. This significant move strengthens Ripple’s existing offerings and opens doors to new opportunities, such as stablecoins, all while maintaining a commitment to regulatory compliance. Ripple’s strategy emphasizes collaborating with global regulators to integrate blockchain into the global financial infrastructure. Earlier this year, Ripple announced its intent to acquire @StandardCustody, and today, we’re pleased to share that the acquisition is now complete!Learn how this deal further enables Ripple to deliver…

Binance users can now purchase multiple crypto assets, including Shiba Inu (SHIB) and XRP (XRP), using their Mastercard once again. This became possible after Mastercard reportedly resumed crypto purchases and deposits via its payment network on Binance. Mastercard Resumes Card Payments on Binance For the uninitiated, Mastercard halted the service in August 2023, at a time when Binance was under significant regulatory and legal scrutiny worldwide. In particular, the leading exchange faced multiple charges from regulators in the United States, including the SEC and CFTC. Last year, Binance and its former CEO Changpeng Zhao (CZ) pleaded guilty to violating the…

The Bitcoin (BTC) price has consistently traded within the $67,000 and $68,000 range for several days. In this analysis, BeInCrypto aims to understand the price action of Bitcoin. Additionally, we have observed a decline in volatility, which can be attributed to various factors. To provide a comprehensive analysis, we’ll explore who is buying and selling Bitcoin. Examining Bitcoin Activity and Vaulting Rates The chart below illustrates the activity rate and vaulting rate of Bitcoin over time, along with its price in USD. Here are the key observations from the chart: Activity Rate (shown in red): The Activity Rate shows how…

Avalon Finance, a well-known Bitcoin DeFi platform adding massive funds to decentralized finance, has initiated a new integration. The company is reportedly integrating with Core DAO (a Bitcoin-driven EVM-compatible blockchain) to expand the Bitcoin DeFi. Core DAO disclosed the news of this integration on its official X account. .@avalonfinance_ integrates with Core!Another step towards the expansion of BTCfi 🔶🔓🟧Explore more about this integration👇 https://t.co/E5G9pHfvKO — Core DAO 🔶 (@Coredao_Org) June 13, 2024 Avalon Finance’s New Integration with Core DAO Targets the Expansion of Bitcoin DeFi In addition to the announcement, the platform shared a blog post on the social media…

Nexus Labs, a notable player in zero-knowledge cryptography, has successfully secured $25 million in a Series A funding round. The funding, co-led by Lightspeed Venture Partners and Pantera Capital, is aimed at scaling the firm’s project. Additional investors include Dragonfly, Faction, and Blockchain Builders Fund, as announced by the company on June 10. Contents hide 1 What Will Nexus Labs Do with the Funding? 2 Why Is This Significant for Blockchain? 3 Key Inferences for Stakeholders What Will Nexus Labs Do with the Funding? The company plans to utilize the new capital to accelerate the development of Nexus 1.0, its…

The XRP locked in XRPL AMM pools has surpassed the 2.1 million mark, triggering speculation that the automated market maker functionality could contribute to an XRP supply shock. The XRP Ledger is evolving into a more resilient ecosystem with the integration of impactful DeFi protocols. Particularly noteworthy is the newly implemented AMM functionality, which has garnered significant interest from network participants. However, the XRPL AMM functionality encountered an issue that halted its utility as liquidity providers redeemed and withdrew their tokens. Due to the mass withdrawal of tokens, locked XRP was reduced to 279,000 as of April 7. Following the…

MoonPay has officially extended PayPal payment options to its customers in the UK and EU, according to a press release shared by the team on Wednesday. The expansion allows users in 24 EU member states, excluding Croatia, Hungary, and Iceland, to buy crypto via their PayPal accounts. The rollout, which will progress over the coming weeks, follows a successful US integration last month. According to MoonPay, PayPal has surged to become the third most preferred payment method in the US, surpassing Google Pay. MoonPay’s data reveals 90% transaction follow-through for users linking their PayPal accounts and a 1.3 times higher…

Over the past hour, bitcoin’s price has ranged from $68,915 to $69,121, with an intraday spread between $67,440 and $69,305. The 24-hour trading volume for bitcoin (BTC) is $23.02 billion, indicating robust market activity. The market capitalization of bitcoin remains strong at $1.36 trillion. Bitcoin Bitcoin’s daily chart highlights a major uptrend starting in early May, peaking at $71,958, followed by a slight pullback and consolidation near the $68,000-$70,000 range. The daily chart shows support is firmly positioned at $66,000, with resistance at the recent high of $71,958. The mix of ups and downs suggests ongoing market contention, while a…