Author: NBTC
Crypto insurance protocol Nexus Mutual’s builders have requested $153,500 in NXM tokens to fund the next six months of operations. Most of the funds are earmarked for salaries, with the rest going toward travel, infrastructure for the project’s Discord server and R&D, according to a blog post. Nexus Mutual is an Ethereum-based insurance alternative that offers coverage for loss of crypto funds using assets supplied by its members, who earn interest for carrying the risk. The funding request is a 41% decrease from the project’s previous team budget. Much of the drop can be attributed to nearly $100,000 in unspent…
CorgiAI, a rapidly expanding community-driven memecoin initiative, has introduced a revolutionary AI text-to-image NFT generator known as Corgi Cre8r. This unveiling follows a remarkable 1,959% increase in the value of the CorgiAI token, which is tied to artificial intelligence. This surge propelled it to become the third-highest performing cryptocurrency in 2023 and secured its position as one of the top 4 memecoins worldwide. CorgiAI leverages AI technology to elevate user interactions within the cryptocurrency realm. Originally introduced on Cronos and subsequently extended to Ethereum and Solana, CorgiAI has gained acclaim for its inventive approach and active community involvement, earning a…
Ethereum experienced heightened volatility recently, with selling pressure intensifying above $2,600. About $15.5 million worth of ETH futures positions were liquidated in the past day due to increased volatility. Ethereum’s 7-day average gas fee hit $11, the highest since mid-December. Ethereum has witnessed heightened volatility the past day, facing intensified selling momentum above $2,600 after Bitcoin peaked around $50,000 resistance. The pause in ETH’s climb follows data pointing to a nascent downtrend as gas fees and exchange whale inflows spike, reversing positive traction. Per Coinglass, roughly $15.5 million worth of ETH futures positions have faced liquidation over the past day…
According to the most recent CoinShares report, digital asset investment products received $1.1 billion in inflows in the past week, as the momentum of inflows into Bitcoin ETFs appeared not to be slowing. This brings year-to-date inflows to $2.7 billion, while AuM is at its highest level since early 2022 at $59 billion. The attention remains on the recently launched spot-based Bitcoin ETFs in the United States, which saw a net $1.1 billion inflow last week, bringing total inflows to $2.8 billion since their inception on Jan. 11. Inflows of US$1.1bn into digital asset ETPs, momentum of inflows into new…
In a significant gust of developments witnessed across the Shiba Inu ecosystem recently, LUCIE, the meme coin’s marketing lead, revealed the community’s plans to launch KNINE, a liquid staking derivatives token, on Shibarium shortly ahead. This comes as a result of Shiba Inu’s recent partnership with K9 Finance, a DeFi platform leveraging the Shiba Inu L2, Shibarium. As reported by Coingape media earlier this month, Shiba Inu’s partnership with K9 zeroes in on facilitating seamless BONE staking on Shibarium. Now, with the community’s plans to launch KNINE on March 7, 2024, Shibarium readies itself as a plethora of new features…
In a recent speech, Rip VanWinkle, managing director at Bitcoin company Swan, shared his views on the potential trajectory of the BTC price in the current and future bull cycles. He cited predictions from Samson Mow and Fred Krueger, who recently predicted a $1 million target for BTC this cycle. “Does that sound crazy? I don’t think so,” he said. VanWinkle explained that he decided to take a 10-year view of the Bitcoin price using weekly candles to gain some perspective. “What is clear is that Bitcoin has been in the same long-term uptrend since 2013, as defined in the…
The dYdX Foundation has revealed it will launch liquid staking on the dYdX chain today with Stride, the most popular liquid staking provider in the Cosmos Ecosystem. Over the next few days and weeks, liquid staking on the dYdX chain will also be available through other liquid staking solutions, including Persistence and Quicksilver. Liquid staking has long been a popular service in the cryptocurrency industry. Generally speaking, liquid staking involves locking up tokens in exchange for a token receipt that can then be used or traded in DeFi applications. Read More: Liquid staking derivatives surpass lending TVL According to information…
Franklin Templeton filed for a spot ether ETF, becoming the latest company to enter the race. “The Shares are intended to offer a convenient means of making an investment similar to an investment in ether relative to acquiring, holding and trading ether directly on a peer-to-peer or other basis or via a digital asset platform,” the filing said. Other issuers, such as Ark 21Shares and BlackRock, submitted S-1s for their potential funds at the end of last year. Franklin was one of nearly a dozen firms to launch a bitcoin ETF back in January after the Securities and Exchange Commission…
Digital Currency Group (DCG) in a letter to investors Monday morning reported results for the fourth quarter and fiscal 2023. Full text follows. Dear Shareholders, We are pleased to share our Q4 2023 Investor Report, which includes details regarding DCG’s financial performance and notable business developments. With a rally in crypto asset prices that kicked off this year alongside significant milestones reached, including DCG’s repayment of more than $1 billion of debt, and Grayscale’s GBTC beginning to trade as an ETF on NYSE Arca, we’re looking ahead to this next chapter for DCG and the future growth of our industry.…
Shiba Inu (SHIB) and its Layer-2 scaling solution Shibarium are highly correlated but in a very subtle way. The current growth trend between the token and the smart contracts platform shows that the sustained boom in all key metrics in Shibarium generally translates to an uptick in the price of SHIB. Despite this realization, there is hardly sustained growth in all of the metrics associated with Shibarium. At the moment, the smart contracts platform displays steady growth in its accounts growth metrics, which as of today is pegged at 64,104, up from 63,639 on Jan. 17. While this growth is…