Author: NBTC

Stablecoin supply on the layer-1 blockchain network Solana has increased steadily since the beginning of the year, crossing the $3 billion mark during the past week. Data from the blockchain analytical platform Artemis shows that the stablecoin supply on the network has increased by 55.72% in the last three months to reach $3.12 billion. Notably, this number pales significantly against the balance on the network in 2022, when more than $6 billion worth of these assets were on the blockchain. However, it plummeted to as low as $1.4 billion during the bear market situation before embarking on the recent upward…

OKX Ventures, the investment branch of the prominent crypto exchange OKX, has started investment. As per the platform, it is commencing the series A investment round for the earliest Ethereum MoveVM L2 network “Movement Labs” which is a revolutionary blockchain development platform. OKX disclosed this development on its X account. We are thrilled to announce the series A round investment for @movementlabsxyz, the first ethereum MoveVM layer 2 networkhttps://t.co/WaqniYVRRq pic.twitter.com/sV2fMgfVU2 — OKX Ventures (@OKX_Ventures) April 25, 2024 OKX Ventures Commences Series A Investment Specified for Movement Labs In addition to this, the crypto exchange also shared a blog post on…

The meme coin economy, led by top cryptocurrencies Dogecoin (DOGE) and Shiba Inu (SHIB), has recently surpassed $56 billion in market capitalization. On-chain analytics firm IntoTheBlock draws attention to this development, noting that the total market capitalization for the meme coin category recently hit a cycle peak of over $56 billion. The total market capitalization for the meme coin category recently hit a cycle peak of over $56 billion. pic.twitter.com/vUXWS2is3h — IntoTheBlock (@intotheblock) April 2, 2024 This has now been surpassed, with the total meme token market capitalization presently at $59.33 billion, according to CoinMarketCap data.While the broader cryptocurrency market…

Exciting news for Louisianians! MoonPay is once again open for business in the Bayou State, ready to facilitate seamless transactions of digital assets and fiat currencies.—Thanks to the approval of a Virtual Currency Business Activity License (VCBA) by the Louisiana Office of Financial Institutions, residents of Louisiana can now take advantage of a range of services offered by MoonPay:Buy: Dive into over 70 cryptocurrencies, including popular ones like BTC, ETH, and SOL.Sell: Easily convert over 20 cryptocurrencies, including BTC, ETH, and SOL, straight into your bank account.Swap: Move your crypto assets across the BTC, ETH, and SOL ecosystems with ease.Checkout:…

Billy Markus, who created the original meme-inspired cryptocurrency Dogecoin in 2013 in collaboration with Jackson Palmer, has responded to a recent tweet published by Elon Musk. The crypto community interpreted Markus’s tweet as a hint at Bitcoin mining equipment. “The new gold” Markus tweets to Musk Earlier today, centibillionaire, owner of the Twitter/X app Elon Musk tweeted a meme about a knight who wishes to kill a dragon and take his gold. Meanwhile, the dragon tells the knight that he does not own any gold in the traditional sense of the word. Instead, the dragon shows the knight that he…

U.S. economic growth slowed more than expected in the first quarter, but the quarterly Personal Consumption Expenditure inflation component was surprisingly high, suggesting the Fed will not cut interest rates before September. US Q1 GDP Shows Surprising Slowdown and Disturbing Inflation Gross domestic product rose at an annual rate of 1.6% last quarter, the Commerce Department said in its preliminary estimate today. Economists surveyed by Reuters had predicted that GDP, which grew by 3.4% in the fourth quarter, would increase by 2.4%. The economy has defied doomsday scenarios since late 2022 following the Fed’s aggressive interest rate hike campaign to…

Binance, the leading blockchain ecosystem and the world’s largest cryptocurrency exchange by trading volume, has unveiled its highly anticipated spot copy trading strategy tool. Initially, this feature is available to experienced users who meet specific portfolio asset size requirements and is expected to be fully accessible to all users by May 2024. Recent data from the March Exchange Report by crypto data provider CCData reveals an impressive 121% month-on-month surge in Binance’s spot volume, reaching $1.12 trillion. Furthermore, Binance’s market share of spot volume for March stood at an impressive 45%. This substantial growth underscores Binance’s dominant position in the…

Bitcoin has undergone its latest halving event, reducing the block reward from 6.26 to 3.125 , which cuts the daily issuance of Bitcoin to 450 BTC. This significant reduction in supply is a scheduled part of Bitcoin’s deflationary monetary policy, designed to curb inflation by halving block rewards approximately every four years. The spike in transaction fees was short-lived. As the hype around RUNES protocol settled, fees normalized, bringing miner revenues down to about $50M. pic.twitter.com/pxd5ylob7X — CryptoQuant.com (@cryptoquant_com) April 25, 2024 Following the halving, Bitcoin miners initially saw a dramatic increase in their revenues, reaching up to $100 million…

Kyle du Plessis, a renowned cryptocurrency analyst, stated that Bitcoin is entering a significant phase of a parabolic move. In a recently uploaded video, Plessis identified the surging nature of BTC as a development that could trigger the next phase of the bull market across several cryptocurrencies. BTC surged past $70,000 after recovering from a dip to the $59,000 region. According to Plessis, the recovery is significant for the flagship crypto and has introduced the fourth phase of its parabolic move. He claimed that there would be “mega short-squeezes” from this level, and the Bitcoin price would rally aggressively. Meanwhile,…

Binance, the world’s largest cryptocurrency exchange, has unveiled an enticing opportunity for traders seeking to dive into the world of meme tokens. In a recent announcement, Binance revealed a promotion aimed at users who have not engaged in trading on Binance Spot within the last 90 days. The promotion offers a chance to claim a share of 10,000 FDUSD in token vouchers. For both regular and premium users, participation in this promotion could prove highly rewarding. The mechanics are straightforward: the first 2,000 eligible users who confirm their involvement and execute trades totaling at least $100 equivalent on select spot…