Author: NBTC
Coinbase, the largest cryptocurrency exchange in the United States, continues its investments without slowing down and the 40 projects they have recently invested in have been announced. Coinbase CEO Brain Armstrong announced on his X account that they invested in 40 startups founded by former employees of the exchange. Armstrong noted that these initiatives include notable names such as DeFi exchange dYdX, decentralized social network Farcaster, and on-chain social network Zora. These investments not only underscore Coinbase’s commitment to supporting innovation, but also underscore the important role its graduates play in shaping the future of the crypto industry. “Joining Coinbase…
Over the past week, Binance Smart Chain (BSC) has emerged as a dominant force in decentralized exchange (DEX) trading, surpassing Solana in trading volume for three consecutive days. According to recent data, BSC’s trading activity ranked second only to Ethereum, highlighting its growing prominence in the crypto ecosystem. On August 21, 2024, BSC recorded a DEX trading volume of $922.06 million, outpacing Solana’s $703.34 million. This trend continued on August 22, with BSC’s volume surging to $1.139 billion, while Solana managed $860.41 million. By August 23, BSC maintained its lead with a volume of $908.71 million, compared to Solana’s $846.74…
How will Sony’s Soneium stack up against existing blockchain giants, especially if BlackRock makes its anticipated move into the market? Table of Contents Understanding Soneium’s core purpose Soneium’s battle for dominance Traditional giants embracing blockchain Sony has long been synonymous with innovation, and now it’s making a bold entry into the blockchain world with its latest initiative: Soneium. On Aug. 23, Sony Block Solutions Labs — a collaboration between Sony Group and Singapore-based Startale Labs — announced the launch of this new project. Just a few days later, on Aug. 28, Sony further introduced the “Minato” testnet for Soneium, along…
Bitcoin‘s price has shown significant volatility, fluctuating between $59,113 and $60,284 over the past day and losing recent gains swiftly. Despite reaching above $60,000 at times, it failed to sustain this level, leading to quick profit-taking by investors. This pattern of forming long upper wicks during upward attempts highlights the current resistance faced by BTC. Significant Market Metrics The total value of cryptocurrencies now stands at $2.18 trillion, with BTC holding a 53% dominance, according to IntoTheBlock data. The supply of stablecoins has also surged to an impressive $173.46 billion. Nevertheless, due to a prolonged lack of demand, investors haven’t…
The worst looks to be over for Ethereum (ETH), as certain metrics suggest that the bottom is already in for the second-largest crypto by market cap. Based on this, ETH looks to be headed for a new all-time high (ATH), surging past its current ATH of $4,800. Ethereum MVRV Shows Bottom Is In Data from the onchain analytics platform Glassnode shows that Ethereum’s market value to realized value (MVRV) lowest pricing level is at $1,687, which suggests that the bottom is already in for the crypto token. These MVRV pricing levels highlight how low or high a token will likely…
In recent years, the cryptocurrency market has seen exponential growth, and one of the most significant developments in this context is the rise of crypto-linked ETFs and ETPs. What is the role of Coinbase? These financial instruments are gaining increasing popularity among global investors, with Europe establishing itself as a key player in this growth. According to a recent report by ETFGI, the assets invested in crypto ETF and ETP worldwide have reached a new record of 91.69 billion dollars at the end of July. In this article, we will explore how Coinbase, one of the main players in the…
Bitcoin ATMs have also grown in popularity as a means for customers to purchase and sell Bitcoin, offering an easy access point of sale. Athena Bitcoin has established itself as one of the leading operators. In this article, we will compare Athena Bitcoin ATMs with other Bitcoin ATM providers in terms of accessibility, features, and fees & user experience. Introduction to Athena Bitcoin ATMs Athena Bitcoin is a clear leader in the cryptocurrency ATM space, with deployment in multiple locations across the Americas (USA and Latin America). The company has gone through an expansion phase, meaning it will put more…
South Korean tech conglomerate Naver is launching its first crypto wallet, Naver Pay Wallet, in partnership with sports-focused blockchain Chiliz. Chiliz, an L1 blockchain built around supporting fan tokens, said in an August 29 X post that it has been selected as the first blockchain for the wallet, which is available to Naver’s more than 33 million users. Naver — known as the “South Korea’s Google” — operates the most used search engine in the country. According to Chiliz founder and CEO Alexandre DREYFUS, Naver Pay Wallet does not aim to be a typical crypto wallet, but a blockchain-based service…
Bitcoin failed to reclaim its $60,000 price tag on Sunday after climbing to just above that figure a day prior, even as investors drove broader market indices back toward record highs on Friday. The world’s largest crypto by market capitalization rose to just above $60,330 on Saturday but has since fallen 1.7% to around $58,646, CoinGecko data shows. Despite the indecision in crypto, some analysts and investment trading desks remain optimistic for the remainder of the year. “We remain constructive and bullish into year-end,” QCP Capital wrote in an investment note late Friday. “One particularly encouraging factor is the market’s…
Linear Finance has revealed its plans to revolutionize the decentralized finance space. The digital assets firm has launched an innovative Linear Marketplace designed to transform peer-to-peer transactions in the crypto space. The unique platform will support transactions involving NFT Keys and tokens, setting the new stage for flexibility and liquidity within the DeFi industry. NFT Keys are digital coins representing vested or locked assets. According to Linear Finance, The Linear Marketplace is set to revolutionize the way you trade Tokens and Vesting Allocations. With its robust features and user-friendly interface, it promises to be the ultimate platform for all your…