Author: NBTC

OKX Jumpstart, a leading centralized exchange (CEX), has recently introduced RUNECOIN (RSIC•GENESIS•RUNE) on the platform. As per the official announcement dated April 29, 2024, OKX Jumpstart will commence RUNECOIN mining at 7.00 a.m. on the same day by staking Bitcoin. In an X post, Runecoin has also revealed its collaboration with OKC Jumpstart. The platform acknowledged it as a milestone for the community and “a significant step forward for the entire Runes ecosystem.” In addition, they added, “It opens the door for high-volume trading with low fees, fast execution, a smooth user experience, and a broad reach to global users.”…

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Venezuelan oil company PDVSA could use USDT to sidestep U.S. sanctions, Chivo Wallet denies hacking allegations, and Nubank expands its crypto functionality in Brazil. Venezuela Might Use USDT for Sidestepping Sanctions Venezuela is preparing to increase the reliance of one of its main industries on crypto and stablecoins payments. According to reports received by Reuters from three undetermined sources linked to PDVSA, the Venezuelan state-owned oil company, the government would be prepared to increase the amount of payments…

Amid the pale performance of major “serious” segments, large-cap meme coins are surging again. One mid-sized meme crypto on the Base blockchain quadrupled in the last seven days. Top meme coins amid best performers: WIF, PEPE, FLOKI back to surging Amid the 100 largest cryptocurrencies by market capitalization, two meme coins managed to jump into the 10 best performers ranking. While the new ETFs triggered this crypto rally, memecoins like ‘dogwifhat’ are stealing the spotlight from Bitcoin https://t.co/A0ak1fTDWU — Bloomberg Markets (@markets) March 29, 2024 Last week, Bloomberg indicated a “comeback” of absurd cryptocurrency assets, commenting on the next phase…

Rumble Kong League, an upcoming NFT-driven basketball game built on the Avalanche blockchain, announced a collaboration with leading sports drink brand Gatorade on Monday. The deal makes Gatorade the official sports drink partner of the Rumble Kong League brand, and will be represented through various in-game integrations in the upcoming title. Gatorade parent company PepsiCo confirmed the collaboration to Decrypt’s GG, and the official Gatorade brand account on Twitter also retweeted the announcement. Gatorade’s integration will begin with the addition of the “G-Machine,” a vending machine that lets players unlock digital collectibles—including wearable items—using G-Coins earned for completing quests. The…

Binance, one of the leading cryptocurrency exchange platforms, announced that it will offer new trading pairs and trading bot services on the Spot platform, effective from April 30, 2024. Binance Spot Introduces New Trading Pairs and Trading Bot Services In order to provide users with a wider range of trading options and improve their overall trading experience, Binance will launch the following trading pairs: ADA/JPY (Cardano/Japanese Yen) SHIB/JPY (Shiba Inu/Japanese Yen) SOL/JPY (Solana/Japanese Yen) XRP/JPY (Ripple/Japanese Yen) Trading for these pairs will begin at 11:00 am on April 30, 2024. In addition, Binance will also introduce Trading Bot services for…

A Bitcoin whale has stacked over $282 million in BTC since late March as the flagship digital asset struggles to find a bottom after hitting all-time highs. First spotted by blockchain tracking firm Lookonchain, an address beginning with “12QVsfA” bought 4,380 BTC worth $282.38 at an average price of $64,471. Says Lookonchain, “After the price of BTC dropped, this whale bought another 620 BTC ($39.8 million) at the bottom. Since March 21, this whale has bought 4,380 BTC ($282.38 million) at $64,471 from Binance. Address:12QVsfAFv5RsHuqx4i9WsNGJPeiYLoN2qo.” Source: Lookonchain/X On the same day, the firm also spotted another whale depositing over $77.67…

MetaComp Pte Ltd, a fintech leader licensed by the Monetary Authority of Singapore (MAS) and specializing in blockchain technology and digital assets, has announced a strategic partnership with Harvest Global Investments Limited (HGI). This collaboration is set to introduce cryptocurrency spot Exchange-Traded Funds (ETFs) to the Singapore market and potentially to global investors as HK ETFs are set to commence trading on 30 April. Harvest Signs MoU With MetaComp Harvest Global Investments (HGI), a premier asset management company authorized by the Securities and Futures Commission of Hong Kong, is one of the leading Chinese asset management firms to expand internationally.…

David Schwartz, the chief technology officer (CTO) at Ripple and a key architect of XRP Ledger (XRPL), recently addressed misconceptions surrounding the price dynamics of the popular cryptocurrency XRP. In a social media exchange, Schwartz clarified several points, including the relationship between staking, securities regulations and XRP’s utility as a payment asset. The conversation began with queries regarding the potential classification of staking as a security and its implications for cryptocurrencies like Ethereum (ETH). Schwartz responded by questioning the logic behind such classification, emphasizing that staking itself is not a tradable asset and does not involve transactions typically regulated under…

Poloniex, a Justin Sun-owned exchange, offers a wrapped bitcoin (WBTC) product on Tron that is currently trading at a more than 20% discount on Poloniex. The WBTC pair traded against BTC on Tron has WBTC worth only 79% of BTC, currently on 0 volume over the last 24 hours. Poloniex has previously refused to disclose to Protos where it holds the bitcoin for this WBTC product and has yet to complete a promised ‘proof-of-reserves.’ Protos has again reached out to Poloniex to attempt to determine where the reserves for this product are held, what the timeline is for the exchange…

Bitcoin’s price movements and ETF data over the past 60 days reveal significant market volatility and potential directional cues. The Bitcoin ETF flow data, including large transactions and net flows, provide critical insights into institutional behaviors and investor sentiments. “The fluctuations in ETF flows are a crucial indicator of underlying market pressures,” commented an industry expert on recent trends. This in-depth analysis explores the volatile world of Bitcoin through recent ETF flows, price changes, and strategic institutional activities. Exploring Bitcoin’s Price Dynamics Bitcoin Daily Chart BTCUSDT.P 28 APR Since touching a high of $64,397 on January 28, Bitcoin has seen…