Author: NBTC
Ledn processed over $1.16 billion in digital asset loans in the first half of the year. The bitcoin halving and the launch of ether ETFs in Asia drove increased demand for the company’s services in the second quarter. The platform saw a 29.8% jump in retail lending in Q2. Ledn, a crypto lending platform, processed over $1.16 billion in digital asset loans in the first half of 2024, the company said on Thursday. Events such as the recent bitcoin (BTC) halving and the launch of ether (ETH) exchange-traded funds (ETFs) in Asia contributed to growing demand for the company’s services…
A leading cryptocurrency self-custody wallet, Tangem, has recently announced it added support for Cardano native tokens, in a move that allows users to secure store and manage their ADA holdings alongside Cardano-based assets like Iagon (IAG) and SingularityNET (AGIX). In a post published on the microblogging platform X (formerly known as Twitter), the team behind Tangem urged users to update their mobile apps to take advantage of this new functionality. The update enables users to find and manage their Cardano tokens within the “Manage Token” section. Staking for Cardano is notably not yet available on the wallet, although Tangem assured…
Quinn Thompson, CEO of Lekker Capital, forecasts Bitcoin at $100K and Ethereum at $7K by November, citing upcoming catalysts like ETFs and elections. In a recent post on the social media platform X, Quinn Thompson, Founder and CEO at Lekker Capital, expressed his bullish outlook on the crypto market, particularly BTC and ETH. Thompson believes that Bitcoin (BTC) and Ethereum (ETH) are currently presenting one of the most attractive buying opportunities in recent memory. Title: We are amidst one of the most obvious and attractive crypto buying opportunities of recent memory. Subtitle: While the market has completely reset, the structurally…
MetaDAO, a Solana-based governance experiment, raised millions of dollars from venture backers who think prediction markets should decide event outcomes. Paradigm led the funding round for a months-old project that is building governance structures that rely on market forces rather than votes. Political bettors are pouring hundreds of millions of dollars into their expected outcomes on crypto-powered prediction markets: for example, who Vice President Kamala Harris will pick as her running mate. MetaDAO takes the idea further: the Solana-based governance experiment just raised millions of dollars from venture backers who think prediction markets should decide outcomes. VC giant Paradigm recently…
Bitcoin has experienced considerable gains over the past week, which has impacted the entire market landscape. In this dynamic environment, IoTeX, one of the prominent blockchain projects, has made a significant announcement. The latest update was shared just moments ago, generating substantial interest and reactions. Contents hide 1 What Is IoTeX’s New Vision? 2 How Is the IOTX Price Reacting? 3 Key Takeaways for Investors What Is IoTeX’s New Vision? IoTeX has introduced its next major milestone, IoTeX 2.0, via a detailed post on X. This upgrade promises a transformative shift in their existing blockchain infrastructure, enhancing it into an…
Bitcoin (BTC) is showing signs of approaching a significant low, presenting a potential buying opportunity for investors and traders. Recent price movements indicate a gradual rounding off from its recent peaks, reflecting a slow but steady decline in market enthusiasm and buying pressure. This trend suggests that a major low could be imminent, which savvy investors might leverage to their advantage. Trading expert Alan Santana projected on June 26 that Bitcoin could soon test several key support levels. Currently, Bitcoin is hovering around the $62,473.33 mark, which corresponds to the 0.618 Fibonacci retracement level—a historically strong support during downtrends. Should…
Morpho did not disclose a valuation based on the funding, which was raised by a private token sale. Morpho previously raised $18 million in 2022, when the DeFi firm’s CEO, Paul Frambot, was still in his third year at college. Morpho, a decentralized cryptocurrency lending protocol, raised $50 million in a strategic funding round led by Ribbit Capital, an early-stage investor in fintech firms including Robinhood, Revolut and Coinbase. Also participating in the private token sale were heavy hitters like a16z crypto, Coinbase Ventures, Variant, Pantera, Brevan Howard, BlockTower and Kraken Ventures. Morpho’s valuation based on the funding was not…
Dozens of meme coins surged in the cryptocurrency market following Donald Trump‘s assassination attempt on July 13, including $FIGHT. Crypto insiders have benefited from the buzz to turn nearly $5,000 into over $7 million, frontrunning retail traders. Lookonchain detected and reported this insider trading on the Ethereum (ETH) network, a cautionary tale of this market’s dangers. In particular, the researcher found 24 crypto wallets belonging to insiders or developers given suspicious and telling trading activity. According to Lookonchain, these 24 addresses spent 1.5 ETH, worth $4,864, to buy 378.45 million $FIGHT. This amount represents 37.8% of the token’s total supply,…
The price of Bitcoin (BTC) now stands as one of the most speculative subjects in the broader digital currency ecosystem. After falling as low as $58,554.25 over the past week, there are now reasons to be optimistic for a major bullish rebound. According to insights from top market analyst Ali Martinez, Bitcoin might be on its way to retest the $66,000 price mark in the short term. Bullish Bitcoin call Martinez revealed that Bitcoin had formed a pattern called “Adam and Eve.” Considering its bullish nature, this pattern can push Bitcoin up by more than 6% from its latest level.…
The spate of crypto bankruptcies of major platforms like Celsius, FTX, and BlockFi have brought doubts in the crypto community on the legal uncertainties and financial turmoil coexisting within this highly volatile space. The sudden changes in legal rights and responsibilities during these crypto bankruptcies have created unpredictable results that some experts are comparing it to stepping into a bizarre alternate reality. One of the most pressing concerns is that the Bankruptcy Code lacks specific guidance on how and when to value digital assets. This has left stakeholders grappling with a multitude of possibilities, where the value of their crypto…