Author: NBTC
The price of Ethereum (ETH) has risen significantly in the past 24 hours, buoyed by optimism around the possible launch of an ETH-based ETF in the United States. The second-largest cryptocurrency by market cap is keeping up to pace with Bitcoin’s most recent rally. Ethereum surged over 8% in the past 24 hours, slightly ahead of Bitcoin’s 5% gain on the day. While Ether’s recent surge aligns with broader positive market sentiment, the move is also attributable to growing optimism that the U.S. Securities and Exchange Commission (SEC) might eventually approve a spot-based ETF tracking the price of ETH. The…
The Bank of Russia reported that the number of pyramid schemes and illegal lending providers in Russia rose to over 5,700 in 2023, an increase of 15.5% over the number detected in 2022. Specifically, the number of pyramid schemes detected increased by 46%, relying on the Internet and cryptocurrency as tools for promoting and carrying out their operations. Bank of Russia Reports Financial Pyramids Increase The Bank of Russia issued a report on the increase of illegal lending providers and pyramid scheme numbers. Over 5,700 instances of these endeavors were detected, representing an increase of 15.5% compared to 2022. Also,…
As cryptocurrency markets take a breath after another phase of the new bullish rally, the AI coins segment is in the green. One of its veteran coins, AGIX, jumped to levels unseen since mid-April 2023. Cardano’s AI coin AGIX sees double-digit growth In the last 24 hours, the price of SingularityNET (AGIX), a Cardano-associated artificial intelligence (AI) cryptocurrency, soared from $0.37 to $0.42, printing over a 13.5% upsurge. The rally might be catalyzed by a number of community management catalysts within the AGIX ecosystem. Join us at the Beneficial Artificial General Intelligence #BGI24 Summit & Unconference 2024, presented by SingularityNET,…
Bitcoin (BTC), the biggest cryptocurrency by market cap, might be facing a critical situation as it struggles to reclaim the $52,000 level. According to crypto analyst Ali, if BTC fails to break above this level soon, it could trigger an 8% correction that could send its price down to $48,000 or lower at $46,500. According to data from TradingView, BTC has been trading in a narrow range for the past few days, since hitting highs of $52,890 on Feb. 15. If #Bitcoin fails to quickly reclaim the $52,000 level, it might face an 8% correction, potentially dropping to between $48,000…
DWF Labs is a prominent digital asset market maker and Web3 investment firm. It has recently announced an exciting partnership with Ordiswap to pioneer the development of a decentralized finance (DeFi) infrastructure and ecosystem tailored for Bitcoin’s native layer. This partnership advances decentralized finance by changing Bitcoin asset management and transaction execution. We’re excited to partner with @OrdiswapLabs to develop the premiere DeFi infrastructure & ecosystem for #BTC’s native layer 🚀Looking forward to revolutionising assets and redefining transactions with this team 🔥Let’s go 🫡 https://t.co/u7TjGTOdj6 — DWF Labs (@DWFLabs) February 1, 2024 Ordiswap Utilizes DeFi Expertise in Partnership with DWF…
Magic Eden recently launched a cross-chain rewards program that incentivizes the use of its popular NFT marketplace across Solana, Bitcoin, Ethereum, and Polygon, along with opportunities tied to its new multi-chain wallet. Beyond its rewards program, Magic Eden also recently announced that it will open-source its minting and trading protocols in collaboration with a new Non-Fungible DAO. The DAO they’re working with plans on launching a token called “NFT” that will be used to reward traders. According to Magic Eden, the rewards program has been designed to reward NFT traders, collectors, and creators alike. Users on the Magic Eden marketplace…
According to Lookonchain, a whale has been accumulating Ethereum (ETH), and borrowing more while opening a long ETH position in the process. According to the post, the whale had withdrawn 39,900 ETH from Binance, Bybit, Bitfinex, and OKX since February 1. Later, the whale borrowed 56.8 million DAI from the lending platform ‘Spark’ and changed the decentralized stablecoin to ETH. A whale is accumulating $ETH and going long $ETH by revolving loans on #Spark!The whale has withdrawn 39.9K $ETH($99.5M) from #Binance, #Bybit, #OKEx and #Bitfinex since Feb 1 at an average price of $2,492, and borrowed 56.8M $DAI from #Spark.https://t.co/9EQSrwHnJD…
With the 2024 Budget announcement on the horizon, Singapore’s web3 community is voicing a critical need for government support. According to a recent report by The Straits Times, the Singaporean firms are specifically looking for help in two key areas: developing a skilled talent pool equipped with blockchain technology expertise and strengthening defenses against cyber threats. Web3 firms in S’pore hope for Budget help to grow talent pool, build cyber crime defences https://t.co/340TCaCRke — ST Business Desk (@stbusinessdesk) February 12, 2024 Singapore’s Demand for More Web3 Contributors The lack of skilled professionals in the blockchain domain is a significant barrier…
One of the first cat-themed meme cryptocurrencies in the Solana (SOL) ecosystem, Wen (WEN), introduced a number of technical and economic innovations for the Solana (SOL) community. Solana (SOL) meme coin Wen (WEN) rocketing In the last 24 hours, the price of Wen (WEN), a cat-themed Solana-based meme coin, jumped from $0.0000897 to $0.000115, adding over 30% to its market cap. After the brief upsurge, the price of the WEN/USDT pair on Orca DEX and BingX CEX slightly retraced. GM ❤️Today is a special day, $WEN will make its entrance into the Solana blockchain. The Wen Foundation is not only…
Data from SoSoValue shows that the total net inflow of spot Bitcoin ETF on February 16 was $331 million. Further analysis of information from the analysis hub reveals that investors have achieved the inflow for 16 consecutive trading days. According to SoSoValue, the total net inflow of Bitcoin spot ETF on February 16 was $331 million, which has been achieved for 16 consecutive trading days. The single-day net inflow of BlackRock ETF IBIT was $191 million. The current total historical net inflow of IBIT has reached… — Wu Blockchain (@WuBlockchain) February 17, 2024 It is essential to note that BlackRock’s…