Author: NBTC
Bitcoin long liquidations over the past 24 hours have hit their highest level in about three months. Specifically, over $245 million in Bitcoin long positions have been liquidated in the past 24 hours. According to a Tuesday, February 25 report from crypto analytics platform CryptoQuant, this is the highest level of long liquidations the market has experienced since November 2024. Bitcoin long liquidations chart Source CryptoQuant The liquidations come as Bitcoin dropped from Monday, February 24, highs of $96,500 to below the psychologically important $90,000 support level. In the recent CryptoQuant report, analyst “MAC_D” asserted that Bitcoin could rebound for…
Kevin Rose, the tech entrepreneur and co-creator of Ethereum NFT project Moonbirds, is bringing back Digg, the once-prominent social news site that he co-founded in 2004. Rose and Alexis Ohanian—a co-owner of the venture and co-founder of one-time Digg competitor Reddit—acquired the brand, and plan to put “humanity and connection” at the center while utilizing a strong dose of AI to help strike an ideal balance of community and content moderation. Alongside Rose and Ohanian, Justin Mezzell—the former COO of Rose’s Moonbirds company Proof, and the artist behind that prominent collection—will join the new Digg as CEO. Digg: Old Rivals,…
The team behind real-world asset (RWA)-focused layer-1 blockchain Mavryk Network, said it raised $5.2 million to advance its plans to integrate tokenization and decentralized finance (DeFi). The investment round was led by Ghaf Capital, Big Brain, MetaVest Capital, Cluster Capital, Collective Ventures and Atlas Fund, according to an email shared with CoinDesk on Tuesday. Mavryk Dynamics aims to simplify RWA tokenization and DeFi integration, making digital asset ownership more accessible. Its testnet offers users an environment to explore decentralized applications (dapps), purchase fractional test shares of RWAs, provide feedback, and earn rewards. The non-custodial blockchain’s features include an on-chain protocol…
HashKey Global, a flagship digital asset exchange under HashKey Group, has just integrated Ethereum support on Base, slashing the costs of transferring funds to and from the exchange.HashKey Global has successfully integrated Ethereum (ETH) on the Base network, with deposit and withdrawal services now officially open. The platform now supports ETH transactions across three networks: ERC-20, Base (BASE), and Arbitrum (ARB). By integrating ETH support on Base, HashKey Global makes it easier and more cost-effective to move funds in and out of the exchange while interacting with the Ethereum blockchain ecosystem. This move is part of the growing adoption of…
Hut 8 Corp. has reported $80.7 million in crypto-related revenue for 2024, driven by bitcoin mining and GPU-as-a-service operations. The company expanded its bitcoin reserve to 10,171 BTC and secured a $125 million partnership with Bitmain. Hut 8 Expands Bitcoin Mining and Digital Infrastructure with $125M Bitmain Deal Hut 8 Corp., a bitcoin mining and digital infrastructure company, has strengthened its bitcoin strategy with a $125 million strategic ASIC miner partnership with Bitmain Technology. According to its 2024 full-year financials, Hut 8 generated $80.7 million in revenue from bitcoin mining and cloud services, solidifying its role in the crypto industry.…
Everyone has heard the Chinese proverb British misquote: “May you live in interesting times,” and how it’s supposed to be a curse. It sounds deep, like a quote for edgelords over 80. But have you ever considered the alternative? According to the Anglo-Saxon Chronicle, there were nearly two centuries where nothing much happened. Vivian Mercier famously called Waiting for Godot “a play in which nothing happens, twice.” But nothing happening 191 times? I’ll take interesting times any day. And that’s exactly what we have now. Tether, with their stablecoin USDT, are coming to Lightning. We’ve been talking a lot recently…
According to the data shared publicly by the Shibburn blockchain tracker, over the past day, an important metric of the second largest meme coin, Shiba Inu, has soared to display a three-digit rise, with millions of SHIB coins disappearing forever. Meanwhile, Bitcoin, along with the rest of the top cryptocurrencies, has faced a violent crash over the past 24 hours. SHIB burns soar 531% The aforesaid data source has revealed that, over the last 24 hours, the SHIB community has managed to remove an impressive amount of meme coins from the circulating supply – 13,938,285 SHIB. Nearly all of it,…
The world’s largest cryptocurrency exchange by trading volume will discontinue its P2P Cash Zone, a peer-to-peer service allowing users to buy and sell crypto for cash with registered merchants, on March 31, 2025. According to a March 3 email sent to users, Binance explained its reason for shutting down the program, saying it will be focusing more on its primary offerings. “Binance has made the decision to wind down the P2P Cash Zone. This decision reflects our commitment to focusing on our core services and continuing to develop solutions that best serve our global user base,” the company stated. According…
Major U.S. cryptocurrency mining companies listed on Wall Street reported lower Bitcoin (BTC) production in February compared to January, citing shorter month and network difficulties as key factors. Moreover, the decline in revenue was impacted by a sharp correction in BTC prices last month, with the oldest cryptocurrency losing 18% and briefly dropping below $80,000. According to the latest JP Morgan report, this had a very negative effect on the market capitalization of mining companies. Cipher Mining Inc. (NASDAQ: CIFR) produced approximately 180 bitcoins in February, down from 219 in January. The company attributed the decrease partly to a brief…
Hela Labs has excited the public by announcing a piece of groundbreaking news on its official X account. Hela Space is now collaborating with Palm Code to revolutionize the future with AI-powered palmistry. AI has integrated every aspect of life so why not palmistry? Together both these networks are on the way to redefine our understanding of fate and personality. We’re excited to announce our newest collaboration with @palmcode_ton!PalmCode is a next-generation platform that seamlessly integrates artificial intelligence with the ancient art of palmistry, redefining the way we understand fate and personality.Together, we’re bridging… pic.twitter.com/erlS9ViC5E — HeLa Space 🍀 (@HeLa_Labs)…