Author: NBTC
Nimiq, the blockchain ecosystem aiming to simplify cryptocurrency for global adoption, has marked a significant milestone in its journey towards becoming the world’s leading digital asset for payments with the introduction of Nimiq Pay. The launch will take place during Token2049 Week in Dubai, introducing an intuitive self-custodial crypto payments app designed for both crypto enthusiasts and mainstream users. Nimiq Pay promises to redefine crypto payments by supporting transactions across multiple networks, bridging the gap between the crypto and traditional finance worlds. One of its standout features is its integration of cross-chain atomic swaps to the BTC Lightning Network. This…
In a recent downturn in the Bitcoin market, the cryptocurrency saw a grave decline from its new all-time high to a one-week low of $66,629. Bitcoin’s sudden fall of more than 5% after hovering at the record high of $73,803.25 shows the inherent volatility of the crypto market. Despite slight fluctuations, the largest cryptocurrency has been riding on a positive track over the past few weeks. The growing demand for the Spot Bitcoin ETF, demonstrated by the astounding trading volume and inflows, and the upcoming Bitcoin halving have highly contributed to the bullish trend in BTC. However, the recent fall…
Ethereum restaking protocol EigenLayer saw inflows of approximately $157 million in Lido’s staked ETH during the last 24 hours, marking the digital asset’s highest inflow on the platform since February. Notably, this significant inflow into EigenLayer comes at a time when Lido’s share of the Ethereum staking market has dropped below 30% due to outflows into restaking protocols. LST cap removal On April 16, EigenLayer announced the removal of caps on all ETH liquid staking tokens (LST) and unpaused restaking deposits. The removal of LST caps signifies a pivotal phase for EigenLayer’s ecosystem as it strives to foster an open…
As cryptocurrency continues to permeate mainstream markets, the demand for crypto payments is stronger than ever. Businesses that integrate cryptocurrency exchange APIs stand to attract a wealthier customer base and significantly increase their revenue. This is not just a trend, but a shift in the financial landscape. In 2023 alone, the global cryptocurrency market size was valued at USD 1.49 billion, and it’s expected to expand at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2030. The integration of cryptocurrency exchange APIs is not just about staying current. It’s about capitalizing on a growing market of tech-savvy…
IntoTheBlock’s head of research cautions that the market is showing signs of ‘being overheated,’ citing escalating leverage in both centralized and decentralized finance sectors. With Bitcoin’s (BTC) price retracing from its peak and dipping below $69,000, analysts at IntoTheBlock warn of the market showing signs of “being overheated,” sparking worries of a potential correction. The crypto market is showing signs of being overheated. An increasing amount of leverage in DeFi and CeFi markets suggests we may soon experience a correction. Let’s dive in – based on @intotheblock’s weekly newsletter 👇🚨 Not only are meme tokens rocketing left to right,… pic.twitter.com/4AvlCiv8gM…
Usual Labs has raised $7 million from investors, including IOSG and Kraken Ventures. The French company plans to launch its USD0 stablecoin in the second quarter. USD0 is a permissionless stablecoin backed by real-world assets and will pay holders a yield. Usual Labs, the firm behind the decentralized finance (DeFi) protocol Usual, has raised $7 million and received $75 million commitment in total value locked (TVL) for the launch of its stablecoin USD0, the company said in a statement on Wednesday. The French company raised money from more than a hundred firms, including two leading co-investors, IOSG and Kraken Ventures.…
WOO X has introduced meme coin, layer 2 and the top 30 token Index perpetuals. The new products are backed by market maker Wintermute and indexing specialist GMCI. The new indices products would soon be complemented by a copy trading option, WOO X chief operating officer Willy Chuang said. Crypto exchange WOO X has introduced a set of index perpetual contracts linked to meme coins, the top 30 cryptocurrencies and layer 2 tokens, in partnership with market maker Wintermute and indices provider GMCI. WOO X closed a $9 million round in January of this year with participation from Wintermute and…
According to a recent report by Bloomberg, the South Korean won has emerged as the new darling of cryptocurrency traders, surpassing the U.S. dollar. In the first quarter of 2024, the Korean won managed to generate $11 billion more in volume compared to the greenback. The growing popularity of altcoins in South Korea is one of the key reasons behind this phenomenon. Smaller tokens account for the vast majority of the aforementioned volume. Moreover, there is growing competition among local cryptocurrency exchanges. Bithumb and smaller exchanges are trying to eat away at the market share of Upbit, the current crypto…
On March 14, with Bitcoin trading at around $73,115, Gary Tiu, Executive Director & Head of Regulatory Affairs at OSL Group, provided an in-depth analysis of the evolving landscape of spot Bitcoin ETFs in Hong Kong during his appearance on Bloomberg TV’s “The China Show.” His discussion with Yvonne Man and Annabelle Droulers shed light on the anticipation surrounding the introduction of these ETFs, the intricacies of the supporting infrastructure, and the broader implications for the digital asset market in Hong Kong. OSL Group, previously known as BC Technology Group, has established its presence in the digital asset market, providing…
Ripple CTO David Schwartz has recently addressed the persistent confusion surrounding the naming of XRP and Ripple, shedding light on the longstanding debate within the XRP community. Despite originating from common roots, the two entities are often erroneously conflated as one, a misconception that has endured over the years. The discussion was ignited by community enthusiast and lawyer Bill Morgan, who highlighted an instance in which XRP was incorrectly labeled as Ripple on the Australian Crypto Convention’s website. This sparked a broader conversation within the community, with participants delving into the historical context of the naming confusion. David Schwartz, a…