Author: NBTC
Placeholder VC, a prominent venture capital firm specializing in blockchain investments, deposited $32.75 million worth of $MKR and $UMA tokens to Coinbase earlier today, as reported by SpotOnChain. The tokens were transferred from two separate wallets. This transfer marks a significant move in the cryptocurrency market. Placeholder VC deposited $32.75M in $MKR and $UMA to #Coinbase 11 hours ago.Those tokens were moved from two wallets, including 7250 $MKR ($20.9M) from “0x4fa” and 5M $UMA ($11.9M) from “0xb0a”.@placeholdervc was an investor in both projects and acquired the tokens at low… pic.twitter.com/Di3ZzPjKeE — Spot On Chain (@spotonchain) July 18, 2024 Placeholder VC…
South Korea’s leading cryptocurrency exchange, Upbit, will temporarily suspend transactions for Filecoin (FIL) on August 6 at 11:00 AM. This pause is aligned with the launch of Filecoin’s network enhancement, ‘Waffle’ NV23, aimed at improving network efficiency. Despite user concerns, this is a standard procedure to ensure network performance and operational integrity. Upbit announces temporary suspension of Filecoin transactions ahead of the NV23 upgrade, ensuring enhanced network performance and user protection. Understanding the Necessity of the NV23 Upgrade Upgrades in the cryptocurrency world often come with both risks and opportunities. Upbit’s decision to suspend FIL transactions serves as a preventive…
Since the Global Financial Crisis (GFC) in 2008, the growth of the private credit space has been a key theme within the alternative investment management industry. According to TPG Angelo Gordon, private credit strategies grew from $726 billion in global AUM in 2018 to ~$1.6 trillion in 2023. Surveys of market observers and participants suggest that a majority of allocators globally intend to increase or significantly increase their allocations to this space, resulting in an expected $2.8 trillion in private credit assets under management by 2028: Global Private Credit AUM Source: TPG To what can this demonstrable growth be attributed?…
May 2024 emerges as a pivotal month for Bitcoin, witnessing a notable amount of liquidation by long-term holders. Blockchain analytics firm IntoTheBlock highlighted a sell-off totaling roughly $10 billion, equivalent to approximately 160,000 BTC. This trend marked a significant departure from the usual holding patterns seen among long-term investors, who typically help stabilize Bitcoin prices by holding through volatility. Bitcoin Stability at Risk? Notably, these long-term Bitcoin holders, also known as the stalwarts of the Bitcoin community, have traditionally served as a bulwark against market turbulence, with their investment decisions often reflecting a steadfast belief in the cryptocurrency’s long-term value.…
The world has significantly improved since crypto became mainstream. Through crypto, NFTs (Non-Fungible Tokens), blockchain technology, and the Web3 universe, crypto enthusiasts will encounter many new experiences that will change how we view and use the online space. And if you are passionate about NFTs but don’t always feel that buying them is profitable, we’ve prepared some August NFT airdrops and giveaways that might catch your attention. Ethereum NFT Drops 1. This Was Presence Sale time: July 29, 2024 – August 5, 2024 The creator behind “This Was Presence” describes the entire NFT project concept as “a death, a chaos,…
Several data sources have spotted a dormant Ethereum whale, which has come back to life for the first time since the ICO in 2015. The wallet has transferred half of the millions in ETH that it contained. Premine Ethereum wallet shovels funds Blockchain sleuth Whale Alert shared that, a short while ago, a wallet that belongs to a participant of the Ethereum ICO was reactivated after nine years of dormancy. The wallet held 2,000 ETH, which it received at Ethereum’s genesis. ETH was sold at approximately $0.31 back then. With the current exchange rate, these 2,000 ETH are valued at…
Venture capital is not entirely dried up for crypto projects, but it is becoming more selective. VC funding continued to target projects in July, with varied sources including VC firms, but also accelerators and ecosystem funds. VC funding for top projects ranges between estimates of $400M for the biggest rounds, to a total of over $1B for all inflows to smaller projects. Various forms of backing and fundraising are growing, while token-based financing and new asset sales are still slow. Some of the leading financing rounds go as high as $50M, though the most usual backing is under $5M. BlockMining…
With great excitement, exSat announces that BitTrade will become one of our network’s prestigious Data Validator nodes. With this collaboration, we will work with a licensed institution for the first time, greatly bolstering scaling solutions via the exSat Docking Layer and improving the Bitcoin ecosystem. exSat: Bitcoin’s Docking Layer ExSat is a revolutionary Docking Layer that aims to tackle the inherent scalability and interoperability issues with Bitcoin. ExSat expands Bitcoin’s data capabilities by offering a Data Availability Layer and a Decentralized Indexer. This enhances the ecosystem’s scalability, security, and interoperability. With this approach, Bitcoin can be easily integrated with a range of…
A fake news story circulated today about Russia’s supposed embrace of bitcoin mining and crypto payments. According to excited social media posts, after the lower house of Russia’s legislature passed a bill, Russia “embraces crypto,” “formally legalizes cryptocurrencies,” “has approved a bill on cryptocurrency mining,” and will “legalize bitcoin and crypto as a foreign currency.” The news was barely — if at all — true. But this time, the fake news wasn’t Russia’s fault. Read more: No, Saudi Arabia isn’t ditching the dollar for Ripple in its oil trades The doctored media were not a purposeful, Kremlin misinformation campaign. Instead,…
Dutch crypto exchange Bitvavo has partnered with Nasdaq to monitor the markets for signs of illegal activity. EU-regulated cryptocurrency exchange Bitvavo said in a press release today, July 31, that it will use the Nasdaq Market Surveillance tool in an effort to detect and investigate “suspected market abuse.” Under the agreement, the Amsterdam-headquartered crypto exchange plans to get trading insights and visualizations as well as “replay its order book” with a “consolidated audit trail” across multiple listed assets, and interrogate “suspicious activity through a wide range of alerts.” The exchange also plans to use the tool to create reports that…