Author: NBTC

Bankrupt crypto exchange Cryptopia plans to distribute bitcoin and dogecoin to qualifying account holders in the coming months. The New Zealand company filed for liquidation after millions of dollars of tokens were stolen from the platform in a 2019 cyber attack. Cryptopia, a New Zealand-based crypto exchange being liquidated following a 2019 cyber attack, will start returning crypto to some of its account holders, according to an email sent to users on Thursday. The first round of distribution will see qualifying users getting their bitcoin (BTC) and dogecoin (DOGE) back in the next three months, the email said. “After the…

The latest bitcoin derivatives data indicates a continued climb in bitcoin futures open interest, hitting all-time peaks. Over the last day, statistics reveal an open interest of $32.30 billion across fourteen distinct bitcoin futures markets. Soaring Open Interest in BTC Futures Signals Growing Derivatives Market Friday, March 8, 2024, marked a notable day when BTC soared to a new peak price of $70,184 per coin at 10:30 a.m. Eastern Time. Although the price later declined, the bounce back was quicker compared to the substantial volatility bitcoin witnessed on March 5. The latest crypto rally has triggered a noticeable increase in…

After the SEC approved spot Bitcoin ETFs in January, all eyes turned to spot Ethereum ETFs. While investors expect ETH ETFs to also receive approval, Bloomberg ETF analyst Eric Balchunas expects the Ethereum spot ETF to have a 70% chance of being approved in May, while JPMorgan analysts said they see no more than a 50% chance of spot ETH ETF approval by May. While there is no full consensus on Ethereum ETFs, a new report came from BITMEX analysts. While speculation continues as to whether spot Ethereum ETFs awaiting approval by the SEC will provide returns from staking in…

With almost 100% ‘Yes’ votes in favor of a much-awaited proposal, a new Flare Network upgrade is set to be implemented shortly. Flare Network Upgrade Incoming Ripple’s ally Flare Network received support from its community on the implementation of FIP.06, a proposal that is expected to introduce new features to the Flare protocol. The proposal, which was created on February 14, required governance votes because the Flare upgrades require a hard fork of the network. Flare also regarded its community’s opinion in moving to its next significant growth level. In a complementary move, the community showed their full support by…

After the approval of Spot Bitcoin ETFs, Coinbase has seen a surge in dominance within the U.S. market with respect to BTC share. The reason behind this increase could be Coinbase’s move to serve as a custodian for 8 of the 11 newly approved Bitcoin ETFs. Coinbase Registers Jump In Bitcoin Market Share Over the last three months alone, Coinbase’s share of the Bitcoin market has escalated from 47% to a massive 60%, according to statistics from Kaiko, a blockchain data provider. This significant increase underscores Coinbase’s growing influence and underscores the impact of Spot Bitcoin ETF approval on crypto…

Alan Kohler, an Australian financial journalist, stated Bitcoin is an “insurrection,” given the tightly controlled rules that control the conditions behind its operation. Kohler explained that while bitcoin crashed tremendously in 2022, it constituted a “subversion to the whole basis of free-market financial capitalism” due to its regulated supply and controlled issuance, Adam Kohler States Bitcoin Is Not a Ponzi or a Bubble, but an Insurrection Traditional investors and journalists are starting to warm up to the idea of bitcoin as a disruptive asset for the financial system. Adam Kohler, an Australian financial journalist, has praised bitcoin for its predictability,…

Bitcoin “sucked up all the attention” recently, but ether could more than double from current prices this year, a Bitwise analyst said. The upcoming Dencun upgrade and excitement around spot ETF applications are key catalysts. Ether (ETH) has been “largely overshadowed” by bitcoin (BTC) for the past several months, but the laggard could more than double in price in 2024, according to Juan Leon, crypto research analyst at asset manager Bitwise. “[Ether] could very well go above $8,000, $10,000 this year, maybe even higher,” said Leon in an interview with CoinDesk Markets Daily. “Bitcoin has sucked up all the attention…

VeChain is demonstrating blockchain usability with the ERC-4337 adaptation, as proven by a recent audit in which it scored a perfect 10. A technical audit of VeChain’s Account Abstraction Layer (AAL) was designed to evaluate its security, code quality, and documentation depth. Hacken, a trusted blockchain security auditor, has unveiled the results of their recent audit of the VeChain blockchain. Conducted at the end of the year, a comprehensive audit of VeChain’s Account Abstraction, resulted in a perfect 10/10 score. The ERC-4337, introduced an approach to account abstraction in Ethereum, removing the need for Ether tokens for transactional fees. According…

Aevo, a derivatives exchange focused on options and perpetual futures, announced pre-market trading for its upcoming token. The token is scheduled to be launched on March 13. The altcoin, which was offered for sale on its own platform before the market, is traded at $ 2.53 at the time of writing this article. Aevo, which operates on its own Layer 2 network on Ethereum, has seen significant interest in recent months for pre-market trading of many tokens. This strategy was effective in increasing platform awareness. The exchange published a message saying, “Introducing AEVO Pre-Launch. Take a position on where AEVO…

Ethereum (ETH) is in a critical phase, with its price confined between $3,800 and $4,000. Analysts note ETH’s movement within a symmetrical triangle pattern, suggesting a forthcoming breakout. Breaking above $4,000 could lead to ETH challenging highs near $4,270, while failing to breach $4,000 may result in deeper pullbacks Ethereum finds itself at a critical technical juncture this week as its price oscillates within a tight trading range bound by two key levels – $3,800 and $4,000. This period of equilibrium follows Bitcoin’s pullback from nearly hitting its all-time high, creating market uncertainty on whether existing support and overhead resistance…