Author: NBTC
During this year’s bullish run, DePINs have swiftly secured the number five spot in the rapidly evolving technology landscape, following Memes, AI, L2s, and RWAs. DePINs are among the top innovations and are vital key factors in determining the future’s environment. DeFi managers have characterized DePINs as a formidable duo since 2024, following the rise of AI, underscoring their critical significance across diverse global industries. The mainstream beginning of decentralized networks for physical infrastructures emerged in the previous year when leading manufacturers across the world integrated physical infrastructure with a blockchain. Blockchain protocols, enabled with cryptocurrency tokens to improve production…
Coinbase Institutional penned a primer for investors ahead of the halving. The fourth bitcoin halving is set to take place in mid-April. Halvings take place every four years, or every 210,000 blocks. This year’s halving will take place when the 840,000th block is mined, where miners’ rewards will drop to 3.125 bitcoin per block from 6.25. The handbook from Coinbase was written with institutional investors in mind and details the previous halvings to give insights into the past trends. However, this halving looks slightly different due to the recent entrance of bitcoin ETFs on the market, and bitcoin hitting an…
Ubunation, a web3 charity, has partnered with UNDER Lea’s TRUST, a non-profit organization dedicated to enhancing educational access in Kenya, to launch an innovative charitable fundraising campaign where 10,000 NFTs will be auctioned off to support the construction of a primary school in Nairobi. The “ULT Dream Careers Lion Charity Collection Campaign” will offer supporters the opportunity to buy 10,000 unique, limited-edition NFT images of lions, the official animal of Kenya. The campaign not only symbolizes a significant stride towards improving education for underprivileged children but also marks a unique blend of technology and philanthropy. By purchasing one of these…
A massive cryptocurrency wallet known as Whale 0xd6c recently deposited 200 billion SHIB to Gemini and Crypto.com, equivalent to $6.49 million, at an average price of $0.00003245. The wallet is known for its early investment in SHIB, purchasing 15.2 trillion SHIB with just 10 ETH on August 7, 2020. During the big SHIB pump, it managed to deposit 250 billion SHIB to KuCoin at $0.0000819 ($20.5 million) on October 28, 2021. In the last 10 days of the second big pump period, the whale in question deposited 400 billion SHIB to wallets Crypto.com and Gemini at an average of $0.00002952…
The realized Bitcoin price represents the average on-chain acquisition cost. It’s a handy metric as it perfectly gauges the market’s valuation baseline at any given point. When dissected through the lens of short-term and long-term holders, it provides insights into the cohorts’ investment horizons and their acute effect on Bitcoin’s price. These cohorts’ 7-day change in realized price provides a much better metric visualization. The 7-day change in realized price for short-term holders reached its three-year high on Mar. 13, at 10.62%. The 7-day change in realized price for long-term holders the same day stood at -0.183%, representing a slight…
From Magic Eden’s degen yacht party to Forbes’ multichain mixer, NFT.NYC offered a spectacle of excess and elitism, and then some more in another episode of #hearsay, a weekly gossip column looking into the sultry underbelly of crypto. Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Every week, crypto.news brings you #hashtag hearsay, a gossip column of scoops and stories shaping the crypto world. If you have a tip, email Dorian Batycka at [email protected] In the wild west of cryptocurrencies, trends come and go…
TL;DR Thorchain, a decentralized liquidity protocol, is experiencing a notable resurgence after facing a series of setbacks. RUNE price has increased by 70% in the last week, with the TVL crossing $500 million. Thorchain’s Streaming Swaps feature continues to gain popularity among traders, with weekly trading volume exceeding $2 billion. Thorchain, a decentralized liquidity protocol that facilitates native asset exchanges between blockchains, is experiencing an impressive resurgence after facing a series of challenges. In the last week, the price of its native token, RUNE, has increased by 70%, reaching an all-time high, according to official data from CoinMarketCap. This significant…
Bitcoin, the first and most popular cryptocurrency, has been making headlines with its recent surge to a new all-time high of over $72,000. This remarkable price increase has sparked renewed interest in Bitcoin as an investment opportunity, leaving many wondering what this means for their financial future. Investors may see this surge as a validation of Bitcoin’s potential as a long-term store of value and may allocate more of their portfolio to cryptocurrencies. However, the rapid rise in price may also raise concerns about potential volatility and the sustainability of such gains, prompting investors to carefully evaluate the risks before…
Extraordinary values were detected in the transaction volumes of some altcoins on Upbit, South Korea’s largest and the world’s second largest cryptocurrency exchange. The 4-hour chart for Pyth Network (PYTH) showed a significant increase in trading volume. On Upbit, 4-hour average 50 volume of $19 million rose to $47 million, an increase of 143.89%. Meanwhile, volume on Binance rose from an average of $13 million to $16 million, representing a 28.67% increase. The 1-hour chart for 0x Protocol (ZRX) also reported unusual trading volumes. On Upbit, the $13 million 1-hour average 50 volume jumped to around $40 million, a whopping…
In a recent statement, Adam Back, CEO and cofounder of blockchain technology firm Blockstream, expressed optimism about the Bitcoin Exchange-Traded Fund (ETF) launched earlier in January. Back’s bullish statement on Bitcoin ETF Taking to the X platform, Back offered a bullish stance on Bitcoin ETF, stating, “The Bitcoin ETFs are still not priced in.” Back outlined many major points that contribute to his bullish stance on Bitcoin ETFs. First, he mentioned that bankruptcies are running out of Grayscale’s GBTC in just a few days of the ETF launch. Furthermore, Back highlighted an influx of capital into Bitcoin ETFs, with buy…