Author: NBTC
Decentralized Exchange (DEX) and Automated Market Maker (AMM) Uniswap Layer-2 (L2) has hit a milestone with its transaction volume surpassing $200 billion in February 2024. Uniswap L2 Transaction Volume Hits Historical High Data from crypto analytics platform Dune confirmed that Uniswap L2 all all-time protocol volume on Arbitrum, Polygon, Optimism, and Base reached a new All-Time-High (ATH). According to the chart, the volume is now around $208.11 billion, a huge gain from its levels last year. In February 2023, the cumulative volume of the Uniswap L2 was only $75 billion, indicating that there has been up to a 280% increase…
The Ethereum (ETH) price finally started an upward movement this week, increasing by 20% and reaching a 620-day high. Can this upward movement take the ETH price to $3,000, or will the rally die soon? Let’s find out! Will Ethereum Catch Up to Solana? Speaking to BeInCrypto, Slater Heil, CEO at Composable Corp and leader at Blueberry Protocol, discussed reasons for Ethereum’s perceived underperformance relative to Solana. One of the reasons that Solana appreciated more in 2023 is that its price had fallen more the previous year. More specifically, SOL had fallen by nearly 97% since the all-time high, compared…
The Nigerian crypto startup revealed on Jan. 16 that the firm had closed a $2.3 million strategic fund to finance the acquisition of operating licenses from different African regulators. Canza Finance said it hopes the new licenses and the defi platform will help it achieve its goal of lowering the cost of doing business. Lowering the Cost of Doing Business Nigerian crypto startup, Canza Finance, announced on Jan. 16 that the firm had secured a $2.3 million strategic fund raise. The latest funding round brings the capital that Canza Finance has raised to $5.5 million. Polychain Capital led the round…
Cryptocurrency analysis company Layergg has announced a comprehensive list of altcoin events to keep an eye on from February through the end of April. The list includes mainnet launches, token generation events (TGEs), airdrops, token sales, testnet launches, and product launches. Mainnet Launches Many projects are planned to launch their mainnets in the first half of the year. Among these, zkSync, which plans to launch the full alpha version in the 2nd quarter, and zkPass, which aims to launch zkPass Protocol v1 in the 1st quarter, stand out. Other projects such as Diva Staking, Babylon, EigenLayer, Taiko, Avail and Aleo…
Bitcoin has had an eventful few weeks in terms of price action. The world’s largest crypto is currently at a 19% increase in the past seven days and a 43% increase in the past 30 days, its highest percentage gain in over a year. As a result, a huge number of BTC addresses have been pushed into the profitability zone. For the first time in over two years, 97% of all Bitcoin addresses are now in profit. Number Of Bitcoin Addresses In Profit Skyrockets As Prices Surge According to crypto on-chain analytics platform IntoTheBlock, 50.62 million Bitcoin addresses are currently…
Bitcoin has gained 16% in the past week and over 15% in the last 30 days, but price volatility still rocks leveraged crypto positions across the board. While Bitcoin (BTC) exchanged hands above $49,000 on Feb. 12 following eight consecutive green days, cryptocurrency traders experienced sweeping liquidations in the past 24 hours. According to CoinGlass, over $135 million was eliminated from crypto markets, represented by both long and short positions. Traders take long bets when they expect higher prices and, conversely, short bets when the prediction tilts toward lower ranges. The single-largest liquidation order occurred on the crypto exchange OKX…
Optimism is surging through the cryptocurrency market, buoyed by recent favorable Consumer Price Index (CPI) rates. Despite Bitcoin’s modest response, it has shown remarkable resilience. The token has robustly defended its lower support levels. This behavior indicates it is gearing up for an anticipated rally. Moreover, Ethereum, the second-largest token, is closely trailing Bitcoin. Ethereum displays even more potential and strength. Significantly, it may outperform Bitcoin in gains, having gained a 15.52% price increase in the past 7 days, now trading at $2,614.80, whereas Bitcoin gained 4.13% in the past 7 days, priced at $45,967.79. Following the SEC’s official approval…
Today in Davos, where the 2024 World Economic Forum is taking place, it was announced that the Solana Foundation and Circle have joined the global alliance Crypto Council for Innovation (CCI). Circle is the company that issues USDC and EURC, while the Solana Foundation is a non-profit organization dedicated to the decentralization, adoption, and security of the Solana network. Davos: the Crypto Council for Innovation welcomes Solana and Circle Solana Circle Davos: the comments of Circle, Solana Foundation and Crypto Council for Innovation Davos: the Crypto Council for Innovation welcomes Solana and Circle The Crypto Council for Innovation (CCI) is…
The Shiba Inu ecosystem team has taken to the X platform to extend its warm wishes to SHIB community members to commemorate the Lunar New Year. In a tweet yesterday, the team wished SHIB holders a “Happy Lunar New Year.” The team also highlighted its vision to make the new season the most prosperous year for Shiba Inu enthusiasts. Happy Lunar New Year #Shibarmy 🎊 Let’s make this Year of the Dragon the most prosperous ever 🐉 pic.twitter.com/HgFIA8WPYo — Shib (@Shibtoken) February 9, 2024 SHIB and Other Cryptos Spike on Lunar New Year It is no longer news that East…
Bitcoin approached $50,000 on Monday, but failed to break through that level, according to CoinDesk Indices data. Sell orders placed on Binance and Coinbase indicate profit-taking. Bitcoin (BTC) extended its rally Monday, attempting to break through the $50,000 price level for the first time in more than two years, but selling pressure on crypto exchanges capped prices. Spot bitcoin exchange-traded funds (ETF) saw large trading volumes at the U.S. market open as the bitcoin price increased rapidly to just shy of $50,000 from $48,000. The CD20 Index of the largest cryptocurrencies has added 1.72% over 24 hours. The ETFs of…