Author: NBTC
Bitcoin briefly dipped to lows at the $60,804 mark in a session of volatile trade on Wednesday before rebounding. At the time of writing, Bitcoin had bounced back to trade just over $64,139, up around 2.31% from 24 hours prior. Earlier on Wednesday, Bitcoin hit an intraday high of $64,403. Despite its recent price drop, Bitcoin has maintained an impressive performance, boasting a 124% surge yearly. Last week, the world’s leading cryptocurrency reached a record high of nearly $73,800. After days of falls, Bitcoin sank to a near-two-week low as demand for U.S. exchange-traded funds dried up. Since their inception…
Recently, the decentralized finance (DeFi) lending platform Frax Finance received approval from its community for a governance proposal. The proposal, which was approved on April 5, paves the way for an investment of $250 million in USDe from Ethena Labs into a newly established liquidity pool. This initiative is part of Frax’s Singularity Roadmap and introduces an automated market operation (AMO). It will also facilitate the issuance of new FRAX tokens, which will be supported by debt that is more than fully collateralized. As per a post on X by Ethena Labs on April 8, FRAX has begun including USDe…
The Open Network’s blockchain cryptocurrency, Toncoin, reached its highest level since January 2022, rising 12% in 24 hours. According to data from CoinMarketCap, the price of Toncoin (TON) has jumped almost 12% in the last 24 hours, to $3.12 at the time of writing. Trading volumes skyrocketed by 170% to $154 million over the past 24 hours, signaling increased interest among traders in this coin. Source: CoinMarketCap TON has grown by almost 50% over the past month amid several high-profile announcements. The first catalyst for growth was Telegram Messenger’s announcement that it would begin paying channel owners to advertise in…
Binance’s operation in Africa’s biggest cryptocurrency market is under intense scrutiny, with Nigerian authorities accusing the crypto giant and a host of other exchanges of infractions including currency manipulation and facilitating transfers of illicit funds. With one Binance executive in custody in Nigeria, and a second having fled the country after having been detained, Nigerian authorities have singled out the exchange for circumventing Nigerian laws and for tax evasion. According to court papers shared with Decrypt, Nigerian authorities alleged Binance, along with its regional head for Africa Nadeem Anjarwalla and its Head of Financial Crime Compliance Tigran Gambaryan, “carried on…
In the wide world of crypto, there are now many blockchains specifically designed for gaming—but Ronin was among the first to launch. Gaming blockchains are typically built to offer low transaction fees and a higher number of potential transactions, so they’re supposed to be more affordable and more scalable than blockchains like Bitcoin and Ethereum. Some gaming chains are also private, meaning that developers must gain approval from a blockchain’s creators in order to join its ecosystem. Ronin is one of those examples—at least for now, though founders have said they intend to open it up sometime in 2024 for…
Bitcoin (BTC)’s price spiked on Wednesday following the latest Federal Open Markets Committee (FOMC) meeting, at which the Federal Reserve announced no changes to interest rates. The decision keeps the central bank’s benchmark rate between 5.25% and 5.50%, and pushes back investors’ hopes of a more dovish pivot for markets in the near term. Bitcoin traded for $62,000 one hour before the announcement, before shooting to $64,600 as the updated benchmark rate was revealed. In a statement, the central bank noted that economic activity in the country continues to expand, unemployment remains low, and inflation remains elevated. “The Committee does…
Eddy Finance, a pioneering bridge on the Zeta blockchain, has officially announced its integration with the Core Dao Mainnet. This collaboration marks a crucial step forward in the intersection of Bitcoin and DeFi, leveraging the capabilities of a Bitcoin-powered, EVM-compatible blockchain. The integration aims to streamline the integration of Bitcoin into the DeFi ecosystem, offering users enhanced accessibility and utility. Seamless Integration of Bitcoin with DeFi With the integration of Eddy Finance onto the Core Dao Mainnet, users can now experience a seamless connection between the world’s leading cryptocurrency, Bitcoin, and the burgeoning DeFi landscape. Eddy Finance, renowned for its…
Ethereum layer-2 blockchain LightLink secured $6.2 million in funding during an extended seed round. Institutional and individual investors participated in the effort. “No further rounds planned [at the moment],” the company stated in a social media post on Saturday, April 6. Due to strong interest, we’re having this single VC round to benefit our ecosystem by partnering with the right long-term backers.No further rounds planned atm.An LBP on @FjordFoundry is a better way to ensure fair token distribution and build a community around the project. https://t.co/yiS0PwPPDT — LightLink ⛓️ (@LightLinkChain) April 6, 2024 LightLink extended the seed round due to…
Celebrating the meme season, Band Protocol’s co-founder, Soravis Srinawakoon suggested transforming the $BAND token into a memecoin by removing its core oracle function. In celebration of memecoin season, I propose we remove oracle function from @BandProtocol and turn $band into a memecoin, shall we? 🤔 — Soravis Srinawakoon | BAND (🅑) (@SSrinawakoon) March 11, 2024 The proposal, made on X/Twitter, sparked both amusement and discussion within the crypto community. The Band Protocol project joined the banter by supporting the idea, envisioning $BAND as the “first fully-featured interchain memecoin on Cosmos.” Some community members endorsed the move, emphasizing that the oracle…
Binance’s head of financial crime compliance Tigran Gambaryan reportedly pleaded not guilty to money laundering charges in a Nigerian high court on Monday before he was remanded pending trial. Despite Binance saying Gambaryan had no decision-making power at the company, presiding judge for the case reportedly ruled he can be considered a representative of the company under Nigerian law. Binance executive Tigran Gambaryan, who was detained by Nigerian authorities in February alongside a colleague, pleaded not guilty to money laundering charges at a high court on Monday, local outlets reported. Gambaryan was remanded until trial, according to reports, while bail…