Author: NBTC
The leading cryptocurrency Bitcoin has experienced an unstoppable rise in recent days and exceeded $ 52,000 after a long time. At this point, while investors expect further rises from BTC, there are two major sales threats that can negatively affect the BTC price in the short term. It was stated that recent sales threats include Genesis’ sale of 35 million GBTC shares worth $ 1.3 billion and the sale of Bitcoins seized by the US government from Silk Road. “Bitcoin price has been on the rise for the last 7 days and finally broke the $52,000 barrier again after 2…
Lido and 1inch’s partnership aims to streamline the swapping process for stETH, wstETH, and ETH, particularly during the unstaking phase. The collaboration is expected to offer users expedited access to Ethereum, Arbitrum, and Optimism networks, bypassing conventional withdrawal queues. Lido Finance emphasized 1inch’s optimization across multiple chains and its ability to ensure competitive rates by comparing hundreds of decentralized exchanges (DEXs). Introducing the newest Lido withdrawal aggregator: @1inch ⚡️Skip the withdrawal queues with instant swaps between stETH/wstETH and ETH using 1inch. pic.twitter.com/Ud1h75gASD — Lido (@LidoFinance) February 21, 2024 You might also like: Taurus, Lido partner to allow stETH client access…
In November, Bitcoin clinched the leading position in monthly non-fungible token (NFT) sales, and interestingly, this month Bitcoin continued to retain its top status, amassing a total of $853 million in sales. NFT Sales Surge: Bitcoin Holds Top Spot With Unprecedented December Rise Although NFT sales have declined in the past week, falling over 35% from the previous week, December witnessed a record-breaking $1.7 billion in NFT transactions. This marked an increase of more than 69% compared to November’s figures, with Bitcoin continuing to dominate NFT sales across blockchains. Moreover, BTC-based NFT sales soared 127.63% above the chain’s November totals,…
Looking to improve your understanding of Ethereum? Take Decrypt’s Getting Started With Ethereum Course and earn your free on-chain certificate! Ethereum, the leading proof-of-stake blockchain, is undergoing a significant upgrade known as Dencun, adding a new feature called “proto-danksharding.” This article provides an explanation of the Dencun upgrade, exploring its technical components, development stages, and its potential impact on the Ethereum network’s transaction capacity and cost efficiency. Introduction to Dencun The Dencun upgrade became active on the Sepolia testnet at the end of January 2024, following its activation on the Goerli testnet. It forms part of Ethereum’s broader strategy to…
The Reserve Bank of India is exploring technology as a means to address privacy risks in the use of a potential digital rupee, a senior official said. The central bank likely wouldn’t object if the government backs away from its crypto taxation, according to the official. The RBI may be open to startups getting involved in its CBDC pilot programs in the future. India’s central bank is taking a very cautious approach in developing its digital rupee, a senior official familiar with India’s central bank digital currency (CBDC) pilot programs told CoinDesk, though it’s making some progress. The Reserve Bank…
In an electrifying update for the crypto community, the Ethereum layer-2 scaling solution Starknet has announced the official launch date of its eagerly awaited token airdrop. Scheduled for February 20, this groundbreaking “provisions program” is set to reward almost 1.3 million wallets with free STRK tokens, marking a significant milestone in Starknet’s evolution and its efforts to enhance blockchain scalability and efficiency. The Starknet Foundation, the driving force behind this initiative, has outlined that a wide array of participants will be eligible for the airdrop. This includes dedicated Starknet users and developers, enthusiasts of decentralized apps (dApps) integrated with the…
After a prolonged period of weakness for a year and a half against the Bitcoin price, the Ethereum price is currently showing strength again and could be set for an explosive move, according to several renowned analysts. Ethereum/BTC Chart Is A ‘Stunner’ In an analysis of the ETH/BTC trading pair, renowned financial expert Raoul Pal has brought to light a compelling dual-chart pattern. The formation of both a “mega wedge” and an inner descending channel is setting the stage for what might be a significant breakout for Ethereum when priced in Bitcoin. Pal stated: The ETH/BTC chart is an absolute…
Bitcoin ETFs continued to experience hundreds of millions in demand a day after setting a historical high for daily net inflows. According to SoSoValue, spot Bitcoin ETFs marked a 14th consecutive day of net inflows with roughly $339 million on Feb. 14, only $300 million less than the day before. BlackRock claimed the largest inflow of the lot, garnering $224 million, while Fidelity recorded $118 million in net inflows. BlackRock and Fidelity are by far the largest new Bitcoin (BTC) ETF issuers, with $4.8 billion and $3.5 billion, in cumulative inflows since trading was authorized by the U.S. SEC. The…
Blockchain analytics company Gauntlet will terminate its work with open-source liquidity protocol Aave. In a governance forum, John Morrow, the co-founder of Gauntlet, noted that the company was no longer able to continue its work with Aave. “We will be terminating our payment stream as soon as possible and working with other contributors to find a replacement for the risk steward,” Morrow wrote. Gauntlet was contracted as a market risk manager for Aave. Its team was designed to review mechanical designs while creating long-term economic and business modeling simulations for the protocol (in other words, be Aave’s “risk steward”). Read…
In recent years (past the initial buzz around NFTs in 2021), brands in Web3 have focused mainly on building Web3 loyalty programs — which are an incredibly effective way for brands to find more dynamic ways to engage and retain consumers. But here’s the kicker: Web3 loyalty programs are about more than just loyalty — and they are just the tip of the iceberg in many ways. The real magic in Web3 loyalty programs isn’t just the coveted act of retaining consumers, but as we like to say in Web3, what happens under the hood. This is where things get…