Author: NBTC

Coinbase, a leading cryptocurrency exchange, has emphasized the potential of blockchain technology to save American consumers billions of dollars in its latest “State of Crypto Report,” released on Wednesday. According to the report, consumers could have collectively saved a minimum of $74 billion in credit card transaction fees in 2022 if blockchain technology had been utilized. Americans could have saved $74 billion in credit card transaction fees in 2022 alone by using blockchain—that’s $600 per household. But this isn’t just about saving money. It’s about giving everyone control and ownership of their money. Learn more: https://t.co/QjX20kXY2p pic.twitter.com/bfp4LiKJza — Coinbase 🛡️…

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Smart money addresses have been accumulating the meme coin PEPE for the past seven days, according to data from on-chain research firm Nansen. While the number of wallets labeled smart money remained steady at 131, their holdings grew by 1.8 trillion in the last week, representing over $2 million. During the same period, PEPE’s price demonstrated 30% growth. This buying movement comes after a huge dump happened between Jan. 24 and Feb. 6, with smart money addresses selling 2.6 trillion during this period. Image: Nansen A Wintermute trading wallet is shown by Nansen as the address responsible for accumulating $1.8…

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Crypto Intelligence firm Arkham Intelligence has reportedly identified on-chain addresses containing 98% of MicroStrategy’s Bitcoin holdings. According to a Feb. 16 post on social media platform X (formerly Twitter), MicroStrategy, which recently repositioned itself into a BTC development company, holds 107,000 BTC of the top digital asset with Fidelity, while 79,000 BTC is held in segregated custody, including Coinbase Prime. “107,000 appears to be held with Fidelity pooled with other clients’ BTC, hence is included in our Fidelity Custody entity. The remaining 79,000 held in segregated custody including Coinbase Prime, is in our new Microstrategy entity,” Arkham Intelligence wrote. Arkham…

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The price of Ethereum has been a joy to watch since the start of 2024, climbing by more than 30% in less than two months. The latest on-chain revelation suggests that ETH investors are approaching the market with more confidence, as the cryptocurrency’s price rally seems to be far from over. $2.4 Billion Worth Of ETH Leaves Exchanges: CryptoQuant A pseudonymous analyst on CryptoQuant’s Quicktake revealed that significant amounts of the Ethereum token have been making their way out of exchanges in the last few weeks. This observation is based on the “Exchange Reserve” metric, which tracks the amount of…

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Regulatory scrutiny looms large over decentralized finance (DeFi) platforms. Still, dYdX emerged resilient despite the vigilant eyes of regulators like the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). dYdX’s 2023 Annual Ecosystem Report reveals a staggering cumulative v3 trading volume of over $1 trillion and over $8 billion in cumulative dYdX chain trading volume. dYdX’s Impressive Growth in 2023 This remarkable achievement can be attributed to several strategic moves by dYdX. Starting with its expansion into over 100 trading pairs, including the high-performing XRP-USD. Furthermore, the distribution of 1.4 million USDC to stakers and a…

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The non-fungible token (NFT) marketplace from cryptocurrency exchange Coinbase has launched a new AI-generated NFT feature. According to an X post on Jan. 18, Coinbase is introducing a new “Instamint” feature on the marketplace that allows users to create NFTs using artificial intelligence (AI). You can now create AI-generated NFTs with Coinbase NFT Instamint.Try it here: https://t.co/lmHeWvwLtg pic.twitter.com/wWRcgID4Mj — Coinbase NFT 🛡️ (@Coinbase_NFT) January 18, 2024 For a limited period, Coinbase offers a free NFT transaction experience, although users will still incur Ethereum gas fees that cover the cost of recording transactions on the blockchain. The new tool is currently…

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Tokens prices show a 34,5% average leap seven days after the unlocking for private investors. The “Annual Report 2023: Unlock Revolution” by data platform Token Unlocks shows that, contrary to common sense, tokens usually lose value before large sums of crypto get unlocked for private investors, potentially fueled by retail fears. Findings indicate that, generally, token prices tend to increase both before and after unlock dates across most allocation categories. However, tokens allocated to Public Investors, the retail, often see a price decrease post-unlock. In contrast, the Community & Other category, despite having a high ratio of unlocked tokens to…

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Different factors suggest that Bitcoin (BTC) has 85% odds of hitting a new all-time high within the next six months. Lucas Outumuro, head of research at on-chain data platform IntoTheBlock, pointed out halving, exchange-traded funds (ETFs), easing monetary policies, elections, and institutional treasuries as propellers for BTC to close the 32% gap that separates itself from its previous price peak at $69,000. The upcoming Bitcoin halving in mid-April 2024 will halve miner rewards from 6.25 BTC to 3.125 BTC, potentially impacting the network’s hash rate temporarily. However, historical trends suggest a swift recovery in hash rate and security, bolstering Bitcoin’s…

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Manta Pacific, the native layer 2 of Manta Network, has replaced Coinbase’s (COIN) Base as the fourth largest scaling solution, according to data source L2Beat. As of writing, the total value locked (TVL) on Manta Pacific stood at $845 million ahead of Base’s $753 million. Total value locked refers to the notional value of tokens deposited in a decentralized finance protocol. The metric is widely used to gauge the popularity of DeFi protocols. Layer 2s are secondary blockchains built on top of the primary/native blockchain to reduce bottlenecks and improve speed. Last year, Manta Pacific made the move to become…

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The popular collection of Azuki NFTs seems to be experiencing an increase in its floor price, thanks to rumors of a possible partnership with Weeb3 Foundation. The sharing of a tweet by Azuki from Weeb3 has sparked these rumors. Azuki NFT: the floor price rises thanks to rumors about the partnership with Weeb3 Foundation Azuki NFT and the rumors of a partnership with Weeb3 Foundation The recovery of the floor price Azuki NFT: the floor price rises thanks to rumors about the partnership with Weeb3 Foundation It was Saturday, January 6, 2024, when Azuki, the popular NFT collection, shared on…

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