Author: NBTC

TRON has seen over $50 billion in supply of stablecoins in Q1 of 2024. TRON noted positive growth across market capitalization, revenue, total value locked, and average DEX volume. The TRX token surged 10% since the beginning of 2024. TRON (TRX), a blockchain-based digital platform, has seen positive growth in the first quarter of 2024, as seen in a Messari report. TRON noted gains across several metrics like market capitalization, revenue and total value locked (TVL). TRON sees $50 million in stablecoin flow in Q1 2024 A report from crypto intelligence tracker Messari shows that TRON noted positive growth across…

AUSTIN, Texas – The U.S. Department of the Treasury is not attempting to ban cryptocurrency mixing services, a top official said Wednesday. Speaking at CoinDesk’s annual Consensus conference in Austin, Brian Nelson – the Treasury’s Under Secretary for Terrorism and Financial Intelligence – addressed the Financial Crimes Enforcement Network’s (FinCEN’s) 2023 proposal to classify mixers as a “primary money laundering concern” and require virtual asset service providers (VASPs) to report any crypto transactions that involved mixing to the agency. FinCEN’s proposal – along with an increasing number of enforcement actions by the U.S. Department of Justice against mixing services including…

Introduction: The latest Q1-2024 Hashrate Index Report by Luxor Technology delves into the Bitcoin mining sector’s performance after the Fourth Bitcoin Halving. This report offers critical insights into key metrics such as Bitcoin Hashrate, Hashprice, Hashrate Forwards, and Bitcoin Mining Stocks, highlighting the Bitcoin mining industry’s adaptability – and also the challenges that lie ahead for miners in a 3.125 BTC block subsidy world. Bitcoin Hashprice and Hashrate Fluctuate Now that the Fourth Halving has passed, Bitcoin miners have their eyes on two metrics in particular: hashprice and network hashrate. Hashprice is a measure of how much revenue miners can…

Matrixdock is a unique integration of Chainlink Data Feeds, Proof of Reserve, and CCIP (Cross Chain Interoperability Protocol). It is an efficient tool for improving the utility and liquidity of STBT (Short-term Treasury Bill Token). A typical Short-term Treasury Bill Token holder can get yields from American Treasury securities and reverse repos. The Matrixdock takes advantage of Chainlink’s industry-standard mechanisms to tackle problems in the tokenized asset sphere. Chainlink’s industry-standard mechanism enables Matrixdock to unleash the full potential of tokenized real-world assets to tackle the challenges of the next few years. Matrixdock has opened up a new era in the…

The market intelligence platform Santiment believes Bitcoin (BTC) could soon hit $100,000 if the correlation between crypto and stocks decreases. In a new video update, Brian Quinlivan, Santiment’s director of marketing, says Bitcoin may be diverging from the S&P 500, a historic bullish signal for the crypto king. “After the bad news about inflation, this could be a sign that crypto is diverging away from equities again and carving their own path. And in most extended bull runs throughout the history of crypto for 15-plus years we have seen that they most often occur when there is little to no…

CryptoPunks, backed by the Yuga Labs team, relaunched with a new NFT collection that turned out to be a complete failure. Table of Contents The “stupidest idea” and the killers of CryptoPunks Yuga Labs will abandon the CryptoPunks brand CryptoPunks before Yuga Labs and purchasing copyrights Yuga Labs has created a new collection of non-fungible tokens (NFTs) called Super Punk World, with 500 NFTs as three-dimensional figures that “blur the lines of race and gender.” The idea is to erase the boundaries between race and gender and rethink the essence of virtual and real identity. Super Punk World is a…

After the United States Securities and Exchange Commission (SEC) finally approved applications from Nasdaq, Cboe, and NYSE to list exchange-traded funds (ETFs) tied to the price of Ethereum (ETH), certain trades by a US politician have come into the limelight. Specifically, Michael Collins, the US representative for Georgia’s 10th congressional district, disclosed in January 2024 a $65,000 investment in Ethereum, as Finbold reported at the time, and more recently, highlighted by Quiver Quantitave, in an X post on May 24. Furthermore, in addition to his January 2024 purchases, Collins had also bought Ethereum three times in 2023 – on October…

May 28 (Reuters) – Meme stock GameStop (GME.N, opens new tab soared nearly 20% in premarket trading on Tuesday after the struggling videogame retailer said it had raised over $900 million from selling its shares during the market rally earlier this month. GameStop surged as much as nearly six times its value in the first two weeks of May, partly fueled by the online return of “Roaring Kitty” Keith Gill, a key figure in the 2021 retail trading frenzy. The stock has since lost 70% of its value up to Friday’s close, taking GameStop’s market value to $5.82 billion. The…

Transak joins hands with VeChain, through which Transak’s NFT checkout service will be merged with VeChain’s marker as a service (MaaS) base. It will help create endless options for accepting and utilising blockchain technology. Incidentally, Transak is a top fiat-to-crypto payment platform, whereas VeChain is a blockchain base that offers chain control and asset digitization. The merging of NFT checkout with the MaaS platform will provide users with the option of buying NFTS with fiat currency, the initial amount being $0.01. This will help more users venturing within the NFT space and companies to tokenize their assets and connect with…

Donald Trump is considering Elon Musk as his policy adviser in case he wins the US presidential run this year, as reported by The Wall Street Journal. This means that Musk could be an adviser on economic and border security issues, given the tech mogul’s potential to exert “formal input and influence” in these domains. According to the Journal, Musk has been actively engaging in an influence campaign to dissuade prominent US business figures from backing current Democratic President Joe Biden. Notably, Musk and Trump are two figures with back-and-forths when it comes to crypto, although the outcome seems to…