Author: NBTC
Analytics account @lookonchain has published a Bitcoin and Ethereum ETF update for Aug. 21, showing that both on that day and over the past week, BlackRock’s ETFs have seen the largest inflows of Bitcoin and Ethereum. BlackRock beats rival crypto ETFs in BTC and ETH On Wednesday, BlackRock’s iShares’ Bitcoin ETF scooped up 933 BTC worth almost $56 million and currently holds a mind-blowing $21 billion in Bitcoin, which is 351,454 BTC. Positive inflows of the other spot Bitcoin ETFs constituted zero BTC, except for Bitwise, Invesco Galaxy and Grayscale. These ETFs saw outflows of 109 BTC, 214 BTC and…
Decentralized social media platform Friend.tech has decided to keep its token and liquidity on Coinbase-incubated layer-2 network Base. It was just last month, on June 10, that the team announced it would leave Base and start its own chain. But news of the reversal has been even worse for its FRIEND token price than the initial migration announcement. FRIEND plummeted to a new all-time low of $0.2973 Thursday morning, per data from CoinGecko. At the time of writing, FRIEND is trading 25% lower than it was yesterday, having rebounded slightly to $0.3557. It’s now less than half the price it…
Cryptocurrency exchange OKX has announced the delisting of several perpetual futures and margin trading pairs in an effort to increase market liquidity and improve the trading experience for users. OKX to Delisting DMAIL, VENOM and REN Margin Trading Pairs and Perpetual Futures The affected couples and their delisting schedules are as follows: DMAIL/USDT: August 29, 2024, 11:00 VENOM/USDT: August 29, 2024, 11:00 REN/USDT: August 29, 2024, 11:00 Following delisting, OKX will terminate all related transactions and all active orders in the order book will be cancelled. OKX will deliver perpetual futures contracts at the arithmetic average price of the relevant…
Marlin has announced an exciting partnership with Three Protocol. Three Protocol is a project focused on building secure, private, and fraud-resistant tools for eCommerce. This partnership is intended to improve Three Protocol’s decentralized marketplaces, such as Jobs3, by utilizing Marlin’s optimized verifiable computing capabilities. Marlin is excited to announce a collaborative partnership with @ThreeProtocol, a project focused on building private, secure, and fraud-resistant eCommerce tools. This collaboration aims to leverage Marlin’s verifiable computing technology to further strengthen Three Protocol’s… pic.twitter.com/pdXwQPtg6C — Marlin (@MarlinProtocol) August 23, 2024 Three Protocol Leverages ZKPs for Enhanced Data Privacy and On-Chain Reputations Three Protocol incorporates…
Bitcoin recently reached $57,000, prompting a notable increase in its average daily token transfer volume, which rose from $650,000 to $765,000, according to CryptoQuant. This uptick in transfer activity coincides with Bitcoin’s price stabilizing within a consolidation range of $57,000 to $68,000. Increased demand for #Bitcoin signals market consolidation finale“The observed increase in token transfer volume at the $57K level serves as an indicator of sustained demand for the coins. This demand points to a bullish outlook among many market participants.” – By… pic.twitter.com/yDoE95SgwY — CryptoQuant.com (@cryptoquant_com) August 20, 2024 Rising Transfer Volume Reflects Ongoing Demand for Bitcoin This is…
With the growing drawdown in the crypto industry, Dogecoin (DOGE) appears to be caught in the crossfire. Data from CoinGlass shows that Dogecoin is at the forefront of the meme coin liquidation with more than $4 million liquidated in 24 hours. Dogecoin liquidation crossfire While this liquidation figure of $4.92 million in 24 hours is small compared to the $90.06 million for Bitcoin (BTC), it is still significant for DOGE. At the liquidation mark, a total of 41,554,054 DOGE has been liquidated thus far, with long traders accounting for $4.87 million of the total. The Dogecoin spotlight comes as the…
The most prominent crypto exchange, Binance, launches a Launchpool for the Dogs (DOGS) meme coin, with farming via BNB and FDUSD. In its latest update, Binance disclosed plans to introduce Dogs (DOGS), a meme coin tied to the Telegram community and rooted in the TON blockchain, as the 57th project on Binance Launchpool. This implies that Binance users can farm DOGS tokens for a specified period with BNB and FDUSD stablecoin. Structure of the DOGS Launchpool Starting on Friday, August 23, Binance will allow users to farm DOGS tokens by staking BNB and FDUSD in separate pools. DOGS boasts a…
The Nigeria Inter-Bank Settlement System (NIBSS) has embarked on an innovative partnership with Zone, a leading decentralized payment infrastructure company. This collaboration is designed to enhance NIBSS’s Payment Terminal Service Aggregation (PTSA) operations by leveraging blockchain technology. According to NIBSS CEO Premier Oiwoh, this partnership marks a significant step towards improving the operational landscape of Nigeria’s payment systems. This article explores the groundbreaking partnership between NIBSS and Zone, emphasizing its implications for Nigeria’s financial ecosystem and the role of blockchain in payment services. NIBSS’s Strategic Move to Embrace Blockchain Technology In an era where financial systems are increasingly being scrutinized…
Bitcoin has made a recovery back towards the $61,000 level during the past day. Here are the factors that could be behind this surge. Bitcoin Has Made Some Recovery During The Last 24 Hours After showing lackluster price action under $60,000 during the past few days, Bitcoin has finally shown some momentum in the last 24 hours, with its price surging by more than 4%. The chart below shows how the cryptocurrency’s recent trajectory has looked like. At the peak of this rally, BTC had broken above $61,400, but the asset has since seen a pullback. Nonetheless, even after the…
XRP Ledger (XRPL) appears to be in troubled waters as the latest Total Volume Locked (TVL) figures paint a negative picture of the asset. According to data released by DeFiLlama, XRPL’s TVL stands at $269,887. Why DeFi TVL is important This figure represents XRPL’s lowest value since April, when it climbed into the million-dollar range. Notably, on April 11, XRPL had $1.94 million worth of assets locked, and its worth rose steadily thereafter. The latest figures signal that XRP needs attention to turn around its fortunes in the industry beyond whale actions. For context, TVL refers to the total value…