Author: NBTC
Tether, the digital asset industry’s leading company, has made a strategic $18.75M investment in XREX Group, a blockchain-enabled financial institution, according to the company’s press release published today. The latest funding is part of Tether’s ongoing efforts to promote crypto adoption and financial inclusion globally. The investment is set to revolutionize USDT-based cross-border payments in emerging markets and advance regulatory technology, Tether noted. XREX will use the fresh capital to launch XAU1, a stablecoin backed by Tether Gold, in collaboration with the Unitas Foundation. With this launch, the firm seeks to offer a stable and inflation-resistant currency option. “Tether’s strategic…
Grayscale leaves no stone unturned as it adds 32K LTC ($2.3 million) to its Grayscale Litecoin Trust amid the asset falling by over 30%. An analyst predicts that LTC could replicate a pattern that sees its price reaching $370 after remaining stagnant within the $100 zone. Grayscale embarks on a buying spree following an extensive downward trend in the altcoin market that has seen assets losing between 30-40% of their previous value. According to market data, Litecoin (LTC) emerged as one of the biggest losers, having fallen from $112 to below $80. Interestingly, Grayscale “left nothing to chance” as it…
Coinbase-backed Ethereum layer-2 network, Base, is experiencing rapid growth, reflecting the significant adoption and attention it enjoys from the crypto community. Base’s growth comes amid the exchange launch of its Smart Wallet, a self-custodial solution aimed at bringing more than 1 billion users on-chain. Increased network activity Base recorded the highest daily transactions among Ethereum layer-2 networks in the past day, surpassing notable rivals like Arbitrum and Optimism. According to data from blockchain analytics platform GrowThePie, Base’s transaction count increased 7.1% to 2.7 million on June 4, compared to Arbitrum’s 1.89 million. L2Beat data further confirms this significant activity. The…
Bitcoin’s growing layer 2 ecosystem has gained a boost with the integration of Stacks into institutional digital asset provider Haruko’s framework. The move will make it easier for institutions to gain exposure to Bitcoin assets and DeFi products, which can be traded on Stacks’ scalable L2. Stacks is one of the leading layer 2s developing use cases for Bitcoin with the goal of unlocking the $1 trillion in dormant capital that exists on its decentralized protocol. Over the past 12 months, Stacks has seen a plethora of dapps and protocols launch on its L2, transforming Bitcoin DeFi from an idea…
Fans of former president and convicted felon Donald Trump have been flooding his crypto wallet with meme coins and donations since his guilty verdict was handed down last week. That influx has been enough to push the value of his holdings above $30 million, according to blockchain analytics firm Arkham Intelligence. In the past couple days, a wallet that’s been linked to Donald Trump by Arkham Intelligence has seen its Trog (TROG) meme coin holdings grow to $19.5 million at the time of writing. That’s in part because of the team behind the Trog, short for Trump Frog. The meme…
After a week of geopolitical tensions in the cryptocurrency world and the halving agenda in Bitcoin, token lock openings will take place in many altcoins in the new week. Here is the token unlocking schedule we have prepared specially for you as Bitcoinsistemi.com: (All times are stated in UTC+3 Türkiye time) Covalent (CQT) Market Value: $127.92 million Token Unlock Amount: $1.81 million (1.42% of Market Cap) Date: 22 April 2024, 08:00 Algorand (ALGO) Market Value: $1.52 billion Token Unlock Amount: $6.22 million (0.41% of Market Cap) Date: 22 April 2024, 09:00 AltLayer (ALT) Market Value: $455.62 million Token Unlock Amount:…
Bitcoin’s hash rate is a critical metric that measures the computational power used to mine and process transactions on the Bitcoin network. It is expressed in hashes per second (h/s), with standard denominations including kilohashes (kH/s), megahashes (MH/s), gigahashes (GH/s), terahashes (TH/s), petahashes (PH/s), and exahashes (EH/s). The hash rate indicates how many calculations or guesses are made per second by mining equipment to solve complex mathematical problems required to validate transactions and add new blocks to the blockchain. The hash rate is essential for several reasons: Network Security: A higher hash rate signifies a more secure network. It means…
You can’t add Solana to MetaMask because the Solana blockchain is not compatible with the EVM (Ethereum Virtual Machine). The MetaMask wallet only supports EVM-compatible blockchains, such as Ethereum, Polygon, and BNB Chain. Still, if you’re wondering how to add Solana to MetaMask, you’ll most likely be interested in Solana wallets similar to MetaMask. In this article, we’ll explain why Solana is not compatible with MetaMask and feature Solana wallets that offer a similar user experience to MetaMask. Key highlights: You can’t add Solana to MetaMask because Solana isn’t compatible with the Ethereum Virtual Machine (EVM), which MetaMask requires. For…
Bitcoin (BTC), the top cryptocurrency by market cap, managed to reclaim the much-coveted $70,000 level earlier today, peaking at $70,230. It is up 2.4% over the last 24 hours, currently trading just below the aforementioned level. However, it is worth mentioning that $70,000 is a formidable resistance level that bulls have repeatedly failed to crack. At press time, the top cryptocurrency is changing hands at $69,704 after giving up some gains. A bear trap? As noted by popular cryptocurrency trader Ali, the TD Sequential, a powerful technical indicator, is currently showing a sell signal on the four-hour chart. The analyst…
EtherFi (ETHFI) stands out as a leading protocol within the Ethereum Blockchain’s liquid restaking sector, addressing the liquidity needs of stakers. By integrating with EigenLayer, EtherFi offers native liquid restaking features, allowing users to utilize their staked tokens for various purposes while accruing significant rewards. This protocol has seen its total value locked (TVL) rise considerably, enhancing user earning opportunities. Contents hide 1 What is EtherFi (ETHFI)? 2 How does EtherFi Integrate with EigenLayer? 3 User Inferences 4 How to Buy Etherfi (ETHFI) with TRY? What is EtherFi (ETHFI)? EtherFi is a protocol designed to facilitate liquid staking for Ethereum…