Author: NBTC
Sora Ventures, a venture capital firm focused on the Bitcoin ecosystem, has announced the successful raise of $3 million to launch a Runes Liquid Fund, a new investment vehicle dedicated to investing in liquid assets on the Runes Protocol. Investors include Bankless Ventures, SpaceshipDAO, entities from BTC Inc. Bitcoin Magazine, and Serafund. Runes refers to a new fungible token protocol introduced to the Bitcoin blockchain. This protocol is designed to facilitate the creation, issuance, and transfer of Bitcoin-native digital commodities, potentially transforming how digital assets are managed and exchanged on the network. The Runes protocol is built upon an indexer-based…
Solana has seen a dramatic increase in DEX transaction volumes since early March. SOL is still a long way from its all-time high, which it hit in November 2021 at $260. The daily number of new addresses on the Solana blockchain has hit a record level as per recent statistics. Based on a seven-day moving average (MA), the daily count of new addresses on the Solana network is presently above 691,000. A rise in the adoption measure indicates real network activity, says Tristan Frizza, founder of Zeta Markets. Frizza stated: “It suggests that we’re not only witnessing speculative interest but…
Binance has completed its 17th Proof of Reserves audit and announced that the exchange’s assets are more than 100% secure. The new report shows that Binance uses zero-knowledge methods to prove that user balances exist in customer wallets. So what does the report say and what does it mean for the future of Binance and the cryptocurrency industry? Binance‘s 17th proof-of-reserve report shows significant increases in user holdings. BTC holdings increased by 1.08% to 6,099 BTC, ETH holdings increased by 11.64% to over 4.44 million, and USDT holdings increased by 8.36% to 21.1 billion. Moreover, users’ BNB asset deposits increased…
According to analyst James Stanley, the Bitcoin price has formed a bearish channel after the most recent price drop. This comes after the Bitcoin price came awfully close to crashing below the $60,000 level earlier this Wednesday. #Bitcoin bearish channel after last week’s indecisiondown as much as -17.66% from the high last week but still has tone of a bull flag given pace of prior breakout$BTCUSD https://t.co/uDih5XSyAo pic.twitter.com/WfEYSCafTe — James Stanley (@JStanleyFX) March 20, 2024 What’s a bear flag? The bearish flag is a popular trading pattern that typically signals the continuation of a downtrend. Failing to record any lasting…
The crypto world is abuzz over the upcoming W governance token airdrop from cross-chain protocol Wormhole, with the eligible wallets spanning Solana, Ethereum, and beyond. But not everyone is happy about the wallet selection process, or how many tokens are being allocated to certain users or communities. In any effort to clear up confusion around the airdrop, Wormhole published an extensive post Monday about the upcoming event, detailing the process behind it all. “Wormhole contributors set out to plan an egalitarian airdrop that would maximize the chance of rewarding the protocol’s legitimate users,” the post reads, noting that the team…
Recently, CCData released the latest edition (March 2024) of its Exchange Review research report. CCData is a trusted source for comprehensive data and analytics tailored to the ever-evolving cryptocurrency market. They go beyond simple data collection, meticulously organizing and analyzing vast datasets to unlock valuable insights for institutions and individuals navigating this space. CCData offers real-time market tracking, reliable pricing information, in-depth derivatives data, and carefully constructed indices for informed decision-making. Their FCA authorization highlights their commitment to accuracy and regulatory compliance. CCData’s Exchange Review research report delves into the intricate world of cryptocurrency exchanges, dissecting key metrics like trading…
CryptoQuant, a popular on-chain analytics forum, has recently provided statistics about the Coinbase. As per the analytics platform, the Coinbase premium’s performance has been showing a negative outlook since the 14th of March, when Bitcoin’s adjustment period started. The on-chain analytics company pointed out that the top cryptocurrency has touched its present high of nearly $73,800. Time to Wait Until Additional Buying Power from U.S. Institutions & Whales“The Coinbase premium has continued to be negative since March 14th, when #Bitcoin entered the adjustment period, and has continued to be negative” – By @DanCoinInvestor Link 👇https://t.co/XA2T5UhbLC — CryptoQuant.com (@cryptoquant_com) March 20,…
In the last day, the global trading volume has hit $203 billion, with stablecoins accounting for an impressive $133 billion of that total. Among the array of stablecoin assets tied to the U.S. dollar, Paypal’s PYUSD has emerged as a top ten player. Yet, despite the ongoing cryptocurrency market upswing, PYUSD has shown minimal activity in this foray. PYUSD’s Modest Market Movement It’s been 217 days since Paypal unveiled its stablecoin, PYUSD, issued on the Ethereum blockchain platform. Since its introduction, PYUSD has climbed the ranks to become a leading stablecoin among those pegged to the U.S. dollar, currently sitting…
HashKey Group has officially launched its new global trading platform, offering over 20 cryptocurrencies and targeting international users not served by HashKey Hong Kong. According to the latest report by the Hong Kong Economic Journal, HashKey COO Livio Weng stated that the new platform has secured the digital asset business license in Bermuda to provide compliant trading services starting today. 🎉We’re thrilled to announce that #HashKeyGlobal is officially launching! As a licensed digital asset exchange, we offer compliant trading services to cryptocurrency enthusiasts across the globe. 🔗Start your seamless trading experience: https://t.co/ARk5iX9aQl#HashKey pic.twitter.com/gg0P9kun1L — HashKey_Global (@HashKey_Global) April 8, 2024 HashKey…
In recent months, the hashrate metric of Bitcoin, which indicates the amount of computational power provided by mining activities, has grown significantly, exceeding the threshold of 700 EH/s shortly before the fourth halving. So far, despite some small adjustment shocks from miners, who reduce their hash rate waiting for the halving of the cryptographic protocol, the 7-day average hashrate is approaching new all-time highs. Let’s see everything in detail below. Bitcoin mining: hashrate chart continuously increasing shortly before the halving 11 days from the fourth Bitcoin halving Bitcoin mining: hashrate chart continuously increasing shortly before the halving The chart of…