Author: NBTC
Binance users have reportedly saved $1.75 billion in remittance costs through $26 billion in crypto transfers between 2022 and 2024. Remittances are financial transfers typically made by migrants sending money to family members in their home countries. Globally, remittance volumes are projected to reach $913 billion this year. However, traditional remittance services can be costly, with fees averaging 6.65% for international transactions, according to the World Bank. In some cases, fees can climb as high as 20% for small transfers, as noted by the International Monetary Fund Binance (BNB) allows its users to send crypto remittances via Binance Pay, which…
The year 2024 was pivotal for digital assets, with numerous historical milestones achieved. The latest data shows that blockchains collectively generated $6.9 billion in fees in 2024. Ethereum led the charge, followed by Tron and Bitcoin, which secured their places in the top three. Additionally, Solana experienced a significant surge in fees. Ethereum Dominates Blockchain Fee Revenue in 2024 According to CoinGecko’s report, Ethereum generated $2.48 billion from gas fees, marking a 3.0% yearly increase. “This suggests that Ethereum has continued to lead in fee earnings despite the Dencun upgrade in March 2024 that reduced L2 transaction costs, and the…
It’s instructive to look back to see how much difference one week can make. Participants weathered volatile bitcoin price action, the marque crypto asset dropped 10%. Despite spot bitcoin ETF outflows and macroeconomic concerns on the negative side, the bullish sentiment around blockchain activity on the positive helped keep most people bullish. This editorial is from last week’s edition of the Week in Review newsletter. Subscribe to the weekly newsletter to get the editorial the second it’s finished. A Week Ago Signals Were Mixed: ETF Outflows, Silk Road Bitcoin Sales, and a Glimpse of Bullish Hope After starting the week…
Since its launch earlier this year, the meme coin platform Pump.fun has become a notable name in the crypto industry. This platform allows users, regardless of their technical know-how, to create and launch meme coins swiftly. However, the live-streaming feature has led to serious controversies and calls for a ban due to inappropriate content and financial malfeasance. Pump.Fun Livestream Invites Community Scrutiny Originally, Pump.fun’s livestream was intended to let developers promote their meme coins. Regrettably, some users have misused it to broadcast extreme and harmful activities. A notable incident involved a developer promoting self-harm if his cryptocurrency reached a $25…
Robinhood announced today (Tuesday) that its services are now available in Spain. In an announcement on X, the US-based commission-free stock trading and investing app welcomed Spanish users to access trading, staking, and investment services under the Robinhood Crypto EU platform. This announcement comes more than a year, since the company unveiled a detailed plan about expanding its services in the European Union. The plan also included rolling out services in the United Kingdom. ¡Hola España!Robinhood crypto is now available for Spanish users to trade, stake, earn, and more. pic.twitter.com/K782rViHXa — Robinhood Crypto EU (@RobinhoodCrypto) January 21, 2025 In the…
Constellation Network (DAG), a leading blockchain company, has announced that Dave Berg would be appointed as Chief Product Officer (CPO) for Enterprise and Government Solutions, as disclosed to Finbold on January 21. Berg’s appointment follows the company’s notable success securing high-profile government contracts and, as such, underscores Constellation’s growing presence in the industry. Dave Berg, Constellation Network CPO With over 25 years of experience as a tech industry leader, Berg has a notable history of helping promote scalable enterprise software and driving sustained growth. His career highlights include three successful exits to major public companies, such as HP Enterprise (HPQ)…
Shiba Inu lead Shytoshi Kusama has argued that burning 99% of SHIB’s circulating supply is possible but noted there are more important price catalysts. Kusama has again addressed a pressing issue in the Shiba Inu community regarding token burns. The pseudonymous lead responded to an enthusiast who asked about the timeline or roadmap to burning 99% of the Shiba Inu token. In response, Kusama indicated that incinerating 99% of circulating Shiba Inu was now possible. He noted that the concept would have been insurmountable a few years ago, but “with many projects banding together” on the ecosystem, the milestone has…
China gave a curiously generous amount of support to US President Donald Trump’s largest crypto project, TRUMP. In the critical hours of its weekend debut, Chinese traders and Chinese-founded exchanges led trading activity in the memecoin. Around 9pm New York time on Saturday, January 18, Trump launched TRUMP on Solana’s blockchain via Moonshot, a fiat onramp and wallet provider. His website accepted both crypto and fiat denominations, including credit and debit cards. Debuting on non-custodial exchanges like Jupiter and Raydium, the token rallied from below $1 to over $75 overnight — imputing a $75 billion fully diluted valuation on its…
BNB Chain, the blockchain network originally developed by Binance, has announced a new AI agent solution. The platform will streamline the creation and deployment of decentralized AI agents. With this new platform, developers across all skill levels can easily create and launch their own autonomous agents. BNB Chain’s Comprehensive AI Agent Platform The initiative offers developers tools and resources to build and scale AI agents for practical applications in Web3. At its center is a collection of customizable Agent Kits, featuring four core AI agents: Eliza, ShellAgent, TermiX, and Revox.ai. “Whether you’re a seasoned developer or just getting started, we’re…
Bitcoin, currently priced at $103,737 to $104,266 over the last hour with a market capitalization of $2.05 trillion, a 24-hour trading volume of $49 billion, and an intraday range oscillating between $102,214 and $105,850, reflects a heightened state of market dynamism in the lead-up to Donald Trump’s inauguration. Bitcoin From the perspective of the daily chart, bitcoin’s trajectory remains resolutely upward, characterized by the formation of progressively higher highs and higher lows following its recovery from a plunge below $90,000. The asset recently reached an apex at $108,000 before undergoing a measured retracement, now consolidating within a structurally supportive zone…