Author: NBTC
DWF Labs, one of the important market makers in the cryptocurrency market and attracting attention with its investments, continues its altcoin purchases and new investments. At this point, popular market maker DWF Labs reinvested in CRV. According to Spot on Chain’s post, DWF Labs purchased CRV again. Accordingly, DWF Labs transferred 500K USDT to Michael Egorov (Curve founder). Michael Egorov also exchanged his entire 500K USDT for 826,764 CRV at $0.605. Slowly reacting to this news, the CRV price experienced a small rise. “Looks like DWF Labs has purchased CRV again! DWF Labs (0x53c) transferred 500K USDT to Michael Egorov…
Monica Long, the president of Ripple, recently revealed that the company itself does not have any On-Demand Liquidity (ODL) partners. This disclosure came in Ripple’s latest filing, which sought to oppose the SEC’s motion for remedies and entry for final judgment. The Ripple president was one of the executives who testified to support the company’s opposition to the SEC’s request for approximately $2 billion in fines. Long’s testimony held significant weight due to her eleven-year involvement with Ripple and her current oversight of the company’s Compliance and Risk Management Committee. In particular, Long’s current role as president grants her familiarity…
The firm aims to create a model of collective ownership using blockchain technology. Real-world asset (RWA) tokenization platform 10101.art made its official launch at Dubai’s Ritz-Carlton offering pre-sale access to the attendants to Banksy and Warhol originals. The idea behind the project is to digitally divide famous art pieces and sell them as tokens, creating collective ownership using blockchain. “We believe it’s time for a more welcoming approach to art ownership. 10101.art is using technology and collaboration to create a more enriching experience for everyone,” stated Alina Krot, CEO of 10101.art. “This event marks a significant step in that journey,…
Bitcoin’s recent all-time high is reportedly generating approximately 1,500 ‘millionaire wallets’ each day. The public nature of Bitcoin’s network allows for visibility into the number of tokens each wallet holds. However, the anonymity of these addresses makes it challenging to identify whether individuals or organizations own them. This year, the original digital currency has climbed by about 70%, driven by enthusiasm for the newly approved Bitcoin ETFs that began trading in January. Despite this impressive growth, the rate of millionaire wallet creation is not as high as in the 2021 bull market, which saw over 4,000 wallets daily reach the…
Fireblocks has released dApp Protection and Transaction Simulation products to help institutional DeFi users avoid suspicious smart contracts, phishing websites, and compromised dApps. The products check decentralized applications across 40+ blockchains via WalletConnect, Fireblocks’ browser extension, and MetaMask Institutional. Cryptocurrency custody specialist Fireblocks is helping institutions exploring decentralized finance (DeFi) from interacting with bad actors and falling victim to malicious attacks with new threat detection and smart contract evaluation tools. Fireblocks’ dApp Protection and Transaction Simulation products, which have been in beta testing since December of last year with Galaxy and Flowdesk, are now available to check decentralized applications across…
Artur Kirjakulov, the CEO of XPMarket.com, has argued that new tokens and the expansion of the XRP Ledger (XRPL) effectively benefit XRP value. Recently, the XPMarket CEO observed misconceptions circulating in the XRP community regarding the potential impact of new tokens and the expansion of XRPL’s ecosystem on XRP’s value. Kirjakulov firmly disagreed with the view that a larger XRPL ecosystem would negatively impact XRP. According to him, the development of XRPL’s ecosystem will have a direct positive impact on XRP. He further presented numerical data to counter the misconception. There’s a common misbelief in the #XRP community that new…
A U.S. Securities and Exchange Commission rule expanding the definition of a “dealer” to capture digital assets activity went too far, a lawsuit by the Blockchain Association and Crypto Freedom Alliance of Texas alleged. The suit, filed in the District Court for the Northern District of Texas on Tuesday, claims that the expanded definition of a dealer would capture people who are just trading in digital assets. The suit alleges that the SEC did not engage with the feedback it received during the rule’s public comment period and did not conduct “its statutorily required economic analysis.” The suit is asking…
As the Bitcoin price remains on track to reach $150,000, investing in BTC miners has emerged as the most effective stock proxy for BTC, according to analysts at research and brokerage firm Bernstein. Analysts Gautam Chhugani and Mahika Sapra noted in a client note that investors typically only consider the daily correlation of Bitcoin miners on days when Bitcoin is rising. They argue that this selective view is incomplete and that investors should adopt a cyclical view: “Miners almost always outperform Bitcoin during bull markets and underperform during bear markets. “For us, we are still in the middle of the…
Renzo Protocol’s liquid restaking token (LRT), ezETH, suffered a sharp depeg overnight, in response to an unpopular and misleading tokenomics announcement. LRTs are popular with so-called ‘airdrop hunters’ in the decentralized finance (DeFi) sector. Many opt to take on highly leveraged exposure to the ETH-pegged assets to increase their chances of receiving a portion of the project’s own token upon launch. However, the announcement faced significant backlash as it revealed that just 5% of Renzo’s REZ token supply was set aside for the initial airdrop (despite the disingenuous use of a not-to-scale pie chart). The image has since been adjusted.…
Non-fungible tokens are revolutionizing the way we collect and trade digital assets. Diving into the sports world, NFTs are providing users with the chance to own a piece of their favorite teams, athletes, and moments in history. It is worth noting that the NFT market and the various platforms that support it are rapidly evolving, Hence, numerous platforms and offerings have emerged over the years to grace the space. Basically, the interest to earn insight into the current trends and preferences in the NFT market, calls for the need to understand NFT drops, and particularly learn about the best and…