Author: NBTC
Ethereum’s circulating supply has surged over the past week, reaching levels not seen since February 2023. On-chain data reveals that 12,353 ETH valued above $39 million have been added to circulation over the past seven days. This comes amid a drop in the network’s demand, which has impacted ETH’s performance. Ethereum Faces Inflationary Pressure as Circulating Supply Spikes Ethereum’s circulating supply, which measures the number of coins or tokens currently available to the public, has rocketed by an additional 12,353 ETH in the past seven days. This brings the coin’s total circulating supply to 120.51 million ETH, a high last…
Publicly listed fintech XTB (WSE: XTB) plans to introduce spot cryptocurrencies to its offering, likely this year, Finance Magnates has learned. While digital assets have been available through the company since 2018, they were only offered as contracts for difference (CFD). XTB, which aims to become an all-in-one financial super app, now plans to expand its offering to include “physical” cryptocurrencies. Recently, XTB posted a job listing on LinkedIn seeking a “Head of Crypto.” The posting indicated that XTB was looking for someone to “build a comprehensive digital asset trading platform for retail clients”. “If you have experience in crypto…
Digital Currency Group (DCG) is spinning off the self-mining unit of its Foundry subsidiary into a separate business called Fortitude Mining that will mine crypto across a range of digital assets, the company said Wednesday. What makes Fortitude Mining different is that it will not only mine bitcoin (BTC), but other proof-of-work protocols as well, with a focus on high-return tokens. Andrea Childs, previously employed as the senior vice president of operations and marketing at Foundry, has been appointed CEO of Fortitude Mining. Mike Colyer remains the CEO of Foundry, which provides digital asset infrastructure to the crypto ecosystem. “Spinning…
Enso, a leader in blockchain shortcuts, is supporting Boyco, a platform on Berachain that helps solve the liquidity problem for new blockchains. Boyco allows decentralized apps (dApps) and liquidity providers (LPs) to secure liquidity before launch, making it easier for Berachain to get up and running.—Boyco, using the Royco Protocol, changes the way liquidity is secured for new blockchain networks. It gives dApps the ability to offer rewards directly to users for providing liquidity, cutting out middlemen and ensuring liquidity is available from the start. This method ensures that liquidity is productive and helps Berachain grow efficiently.Already, Boyco has secured…
This is a segment from the Empire newsletter. To read full editions, subscribe. Given the volatility we saw yesterday, I thought it might be a good time to do a mini temp check. We saw bitcoin briefly drop below $90,000 on Monday, and this morning we’re back up over $96,000. The volatility seems like it’s here to stay, perhaps until Inauguration Day. ETH, shadowing bitcoin’s movements, also took a tumble before regaining momentum. And then there’s top AI agent coin AI16z, which is up 21% in the past 24 hours, having bounced after undergoing its own selloff. Ah, the diversity…
In the last 24 hours, XRP has experienced a notable price recovery in South Korean markets, up by 8% against the country’s local KRW currency. It also has a 6.9% spike in global crypto exchanges. This surge comes amid growing speculation that the ongoing legal battle between Ripple Labs and the US SEC could come to a close soon. According to market analysts, this will add to the Trump rally effect and usher in a new era of workable crypto regulations. According to market data from TradingView, Ripple (XRP) has witnessed a surge in market activity, including trade and purchases.…
In a recent announcement, major cryptocurrency exchange Binance indicated that it will temporarily suspend deposits and withdrawals on the Cardano network on Jan. 29, 2025, due to the upcoming Cardano hard fork. This measure is standard practice during major network upgrades to prevent any potential issues or disruptions. The upcoming Plomin hard fork is a key event for the Cardano network, aiming to implement crucial governance upgrades. Binance stated in its announcement that starting on Jan. 29, 2025, at approximatey 8:45 p.m. (UTC), it will suspend deposits and withdrawals of token(s) on the Cardano (ADA) network to support the Plomin…
A recently published journal article by researchers at BTQ, a startup working to build blockchain technology that can withstand attacks from quantum computers, has proposed an alternative to the Proof of Work (PoW) algorithm involving quantum technology. Proof of Work is a blockchain consensus mechanism that secures the Bitcoin network. Participants crunch through vast amounts of math problems to validate transactions. Some have criticized the process as being too energy-intensive, while others have argued the opposite. Quantum computing involves moving away from a process reliant on binary code, ones and zeros, which open and close transistor gates. Quantum bits (qubits)…
Peter Schiff, a noted macroeconomic analyst and gold advocate, recently shared his perspective on Japan’s economic policies, while also expressing strong skepticism about the concept of Bitcoin (BTC) as a strategic reserve. Noting that the Bank of Japan’s efforts to raise inflation over the past decade have backfired, Schiff suggested that the economy would have been in better shape if inflation had remained below 2% rather than above 3.4% as it is now, a scenario that he believes would have prevented the accumulation of major government debt. In response to a follower’s suggestion that several countries, including the United States,…
After Melania Trump launched her own memecoin on Sunday, positioned as a rival to $TRUMP, Donald Trump’s memecoin saw a 40% drop before rebounding. “The official Melania meme is live,” the incoming first lady of the U.S. posted to X, with a link to a website selling the cryptocurrency. “You can buy $melania now.” Within hours, the price of the digital asset jumped to more than $12—with an accompanying market cap of more than $12 billion, according to cryptocurrency tracker DEX Screener. Following the crash, $TRUMP surged back above $64. Robinhood has officially listed $TRUMP on its exchange. Additionally, Donald…