Author: NBTC
Solana is one of the fastest and most efficient blockchains on the market today. This has attracted a number of promising projects to build on Solana, and the platform has also attracted many users that have been priced out of Ethereum due to its high transaction fees. So, how fast is Solana exactly? Solana is handling over 5,000 transactions per second in real-world scenarios, but has reached as high as 65,000 TPS during testing. In this article, we will be taking at the Solana TPS figures and how Solana stacks up against other popular blockchains in terms of performance. We…
Bitcoin witnesses a massive spike in exchange net outflows as the recent price rebound bolsters bullish investor sentiments. Market participants are increasingly pulling their Bitcoin (BTC) tokens out of exchanges as bullish sentiments dominate the scene. This turn of events comes on the back of the recent price rebound, which has seen BTC recover $96,000. For context, after hitting an all-time peak of $99,800 on Nov. 22, Bitcoin faced a massive pullback. As a result, the firstborn crypto asset retested the $90,000 support four days later. Notably, The Crypto Basic confirmed that this retracement was due to profit-taking trades from…
The decentralized finance or DeFi industry is in a revolution as LayerBank continues revealing that it will join forces with Ozean Mainnet. This is a great step toward a comprehensive cross-chain lending ecosystem, which is an important step in the expansion and real use of the DeFi market. 🤝 Ozean partners with @LayerBankFi to introduce cross-chain lendingLayerBank will deploy on Ozean’s Mainnet, and become a cornerstone lending platform, bringing its 693K+ users to the Ozean ecosystem.A universal liquidity hub and on-chain money market, LayerBank is designed… pic.twitter.com/fe4F3Qc7lv — Clearpool (launching Ozean🌊) (@ClearpoolFin) December 30, 2024 Expanding Horizons: LayerBank’s Deployment on…
OKX announced the completion of the 26th OKB Burn event, which took place today. OKX Completes 26th OKB Burn, Over 140 Million Tokens Burned to Date During this event, 18,488,690.46 OKB tokens were permanently removed from circulation, reflecting the platform’s commitment to maintaining the token’s deflation mechanism. Key Points Event Period: September 1, 2024 to November 30, 2024. Total Burned This Cycle: 18,488,690.46 OKB. Cumulative Burned: As of this burn, a total of 140,146,792.15 OKB have been permanently removed from the token supply. What is OCD Burn? OKB burn is a deflationary initiative by OKX where a portion of the…
The crypto world is buzzing as FTX, the collapsed cryptocurrency exchange, prepares to repay $16 billion to its customers and creditors starting January 3, 2025. This repayment marks a major milestone in rebuilding trust in the crypto industry after FTX’s shocking downfall in 2022. 🚨🚨 MASSIVE NEWS 🚨🚨FTX begins repaying $16 BILLION to creditors on Jan 3, 2025! 🚀Payments expected within 60 days… and guess what? A big chunk of that $$$ might flow BACK INTO CRYPTO.The bull run just got its fuel. Buckle up. 🔥 #Bitcoin #crypto pic.twitter.com/TwqeXknvYR — Quinten | 048.eth (@QuintenFrancois) December 29, 2024 FTX’s repayment plan…
NEAR Protocol is experiencing significant momentum, driven by its recent AI integrations and robust market dynamics that suggest a potential price surge. The integration of artificial intelligence within NEAR’s ecosystem is not only transformative but also positions it as a leader in the rapidly evolving blockchain landscape. Industry expert Daan Crypto Trades noted, “NEAR is holding nicely on the retest and has been grinding higher,” highlighting the token’s stability and growth prospects. NEAR Protocol is poised for growth with AI integration and rising market momentum, creating a potential pathway toward double-digit prices. NEAR enters the AI sector With the launch…
WazirX’s restructuring with Kroll raises concerns, echoing Vauld’s failed plan and leaving creditors wary of mismanagement. Creditors call for transparency in WazirX’s restructuring, fearing repeat of Vauld’s mistakes and the concealment of actual losses. Recent restructuring activities at WazirX have annoyed creditors as they saw similarities to Vauld’s failed restructuring that transpired over two years ago. Both companies hired Kroll, an international restructuring firm that fuels speculations regarding mismanagement, opacity, and the consequences for creditors in the long term. The Vauld Experience: A Warning for Wazirx Due to the restructuring plan done by Vauld and spearheaded by Darshan Bathija and…
Bitcoin (BTC) briefly touched the $100,000 level before falling to $95,000, but according to investment management firm ARK Invest, this is a temporary pause before BTC sees a significant increase in value. David Puell, research associate at ARK Invest, shared an optimistic outlook during an interview, saying: “We are more or less forecasting price targets of $104,000 to $124,000 by the end of the year. With the caveat that this is not a recommendation, but price action so far has held up quite nicely to that forecast.” Puell bases his predictions on Bitcoin’s historical seasonality (patterns observed in previous bull…
Sberbank, Russia’s largest lender, has joined the digital ruble pilot program along with TBank and Tochka Bank, according to a statement from the Central Bank of Russia (CBR) reported by Interfax on Dec. 28. The program previously included 12 credit organizations, with expectations for an additional 14-15 banks to onboard in 2025, said Olga Skorobogatova, former First Deputy Governor of the CBR in an October statement. With the participation of the three new banks, the program now includes 15 credit organizations, adding to the existing participants such as VTB, Alfa-Bank, DOM.RF Bank, Ingosstrakh Bank, Gazprombank, Ak Bars Bank, MTS Bank,…
The race to launch XRP-focused exchange-traded funds (ETFs) is heating up, with top asset managers submitting applications to the U.S. Securities and Exchange Commission (SEC). These ETFs aim to offer institutional and retail investors direct exposure to XRP, the fourth-largest cryptocurrency by market cap, through a regulated financial product. Here’s everything you need to know about the emerging XRP ETF landscape and what it means for the crypto market. Asset Managers Seek to Launch XRP ETFs WisdomTree is the most recent asset manager to file an S-1 application with the SEC to launch an XRP ETF. Notably, the WisdomTree XRP…