Author: NBTC
Mercado Bitcoin, Brazil’s largest cryptocurrency exchange, has integrated INJ, the native token of the Layer-1 Injective blockchain. According to a Dec. 23 X post from Injective, INJ, the native utility and governance token of the Layer-1 Injective blockchain, is now officially integrated into the oldest Latin American exchange. The move will allow over 3 million Mercado Bitcoin customers to directly access the Injective ecosystem using fiat currencies like the Brazilian Real via its fiat to crypto on-ramp. As such, users will be able to engage with Injective’s decentralized finance ecosystem, which currently holds over $43 million in total value locked,…
Regulatory overhaul in America and a thawing of crypto antagonism globally in 2025 will usher in a new generation of decentralized capital formation, which was first popularized in 2017 as “ICOs” (initial coin offerings). During the 2010s, crypto hadn’t settled on a productive use case for Bitcoin and altcoins until Ethereum smart contracts enabled early-stage teams to raise capital from supporters dispersed around the world. We saw Ethereum bootstrap a global decentralized computer which spawned DeFi, NFTs and various crypto primitives funded by less than $20 million raised from a global community. Many other projects soon followed suit and we…
According to data provided by cryptocurrency analytics firm Lookonchain, a whale with 2,700 BTC (more than $250 million in dollar terms) recently transferred all of its holdings out after 11 years of dormancy. The whale initially received 2,700 BTC in December 2013. Back then, the leading cryptocurrency was trading at just $625. The massive transfer has attracted significant attention on social media, with various users speculating about its purpose on social media. “That person probably waited for the divorce to finalize first,” an X user quipped. Some have also suggested that the whale might have decided to sell their Bitcoin…
A whale that recently deposited a huge amount of Ethereum funds to Binance has offloaded another $17 million to the crypto exchange. The whale is related to Nexo, as indicated by onchain data. In recent days, Nexo or wallet addresses related to the crypto platform have deposited ETH into the centralized crypto exchange. It includes 18,000 unstaked Ethereum worth over $70.8 million moved to the exchange on Dec. 13. “A whale (related to #Nexo) deposited 4,946 $ETH ($17.2M) to #Binance again in the past hour. Since Dec 2, #Nexo has deposited a total of 114,262 $ETH ($423.3M) into #Binance at…
America is back at the top of the crypto food chain, reclaiming its position as the global crypto capital just in time for 2025. This comeback is fueled by a wild combination of Donald Trump’s reelection and an explosion in demand for US-based crypto products like Bitcoin ETFs and derivatives. Trump’s mere promise to turn America into the beating heart of the global crypto market has put it right on its way there. Bitcoin’s meteoric rise past $100,000 this year didn’t happen by accident. Demand in the US is driving liquidity and setting global pricing benchmarks. The Biden administration’s restrictive…
Denver, CO – SporkDAO LCA, the Colorado-based cooperative behind ETHDenver LLC, has announced the distribution of $52,800 in community-generated profits to its members holding staked $SPORK ($sSPORK) tokens. This milestone marks the first-ever profit distribution for patronage within a decentralized autonomous organization (DAO), offering a new approach to community-driven rewards.—A New Era of DAO Rewards“For DAOs to succeed, governance tokens must align with the organization’s mission and reward value creation,” said John Paller, Founder of SporkDAO and Chief Steward of ETHDenver. “Our patronage distribution model is designed to achieve just that, providing real, meaningful incentives for DAO members to contribute…
COZ has unveiled native cross-chain swap functionality in the Neon Wallet, enhancing the user experience by enabling in-wallet token swaps across blockchain protocols. The new feature is powered by SimpleSwap, a platform that has been operating since 2018 and provides access to over 1,000 cryptocurrency and fiat currencies. Cross-chain swaps Neon Wallet users can now execute cross-chain swaps and monitor the entire process directly within the wallet interface, eliminating the need to switch between platforms and exchanges. SimpleSwap aggregates various cryptocurrency exchanges to identify the most profitable exchange rates and routes trades accordingly. The swaps are temporarily custodial, as SimpleSwap…
In particular, the 30-day average returns of Bitcoin’s MVRV (Market Value to Realized Value) ratio have dropped to a more wholesome +4/2%. This metric has historically been a crucial indicator of market movements. An overbought market and a possible correction are frequently indicated when the ratio rises above +5%. A decline below -5%, on the other hand, is a clear indication of undervaluation and frequently results in a bounce. At this moment, Bitcoin is just above the correction territory threshold indicating caution. Small losses have been incurred by retail traders who entered the market at the late-November highs which may…
Ethereum’s price has made an impressive recovery, climbing over 4% in just 24 hours to surpass the $3,500 mark. This comes after a steep correction that saw prices fall from $4,000 to a solid support level around $3,100. While the entire crypto market gained 3% during this rebound, Ethereum has outperformed, raising questions about what’s next for this leading cryptocurrency. Ethereum Price Recovery After a Heavy Correction After reaching a peak of $4,000, Ethereum’s price faced a significant correction, falling to $3,100. This strong support area allowed the cryptocurrency to bounce back quickly, gaining over 4% in just one day.…
Tether, a global fintech company and issuer of the largest stablecoin, USDT, will be searching for new use cases for crypto in the real-world segment. Also, together with partners, Tether will be moving toward new accomplishments in other types of “core freedoom tech,” following a strategic investment in Rumble. Tether to focus on real-world use of BTC, USDT, AI and more, CEO Ardoino says Digital fintech mogul Tether is actively expanding its network of partners to focus on core workloads for 2025. Some of its key developments will be introduced to the segments of real-world usage for Bitcoin (BTC), the…