Author: NBTC
A Shiba Inu community member has made an informal request to the Exodus Crypto Wallet team to support Shibarium. The campaign, which now has full community support, started with a community member identified as Chubibi (@Pika_Shib), who made the request directly to the official X account of the wallet. It is pivotal to facilitate the integration of a blockchain protocol on exchanges, wallets, and other infrastructures to expand its reach and create more avenues for users to explore it. Chubibi argued that Shibarium deserves to be added to Exodus, considering its status as a Layer-2 scaling solution. Shibarium Integration Request…
The IMF has urged Ukraine to complete virtual asset legislation by the end of 2024 due to regulatory concerns and economic potential. The International Monetary Fund (IMF) has urged Ukraine to finalize its update of legislation regarding virtual assets by the end of 2024, according to a Facebook post from Oleksandr Bornyakov, a deputy minister of digital transformation of Ukraine on IT industry development. This requirement was outlined in the Memorandum of Economic and Financial Policies signed between Ukraine and the IMF, Bornyakov said, adding that the European international financial institution cited concerns about the current lack of regulation in…
PayPal enables use of PYUSD in cross-border transfers for Xoom users Xoom users in the US can convert PYUSD into USD and send money to 160 countries. Xoom, the international money transfer platform of payments processing giant PayPal, has announced that it now supports the use of PayPal USD (PYUSD) as a funding option for users in the United States. In an announcement today, the cross-border money transfer platform said eligible US users can now convert PYUSD into US dollars when looking to send money to friends and family. PayPal expands PYUSD adoption PayPal USD is a USD dollar-denominated stablecoin…
Recent observations by Eric Balchunas, a senior ETF analyst at Bloomberg, suggest that the movements in Bitcoin’s price are influenced by factors beyond just the flows of spot Bitcoin Exchange Traded Funds (ETFs). According to Balchunas, who shared his insights on X, “bigger forces at work” shape the largest cryptocurrency’s valuation. This indicates that the correlation between spot ETF flows and Bitcoin’s price action is less direct than some assume. The ETF Influence And Market Movements This analysis emerges amid a period of significant financial activity for Grayscale, which has seen substantial outflows, described by Balchunas as experiencing a “second…
MadFi has completed a $1 million angel investment round for its BONSAI token, a meme coin created on Lens Protocol. The funding round attracted leading investors such as Palm Tree Crew (PTC) Crypto, Avara Ventures, and Social Graph Ventures. Individual investors also participated in the funding round, such as Boys Club Inc, Spencer Noon, and Sandeep Nailwal. BONSAI is up by 340% since its launch, at the time of writing, with its price peak showing a 435% growth. Moreover, the token shows almost $95 million fully diluted market cap. “By rewarding content and engagement, $BONSAI has effortlessly become an integral…
At the Polkadot Asia developer conference Sub0, leading decentralized liquid staking protocol Bifrost announced the launch of LoopStake, a new Leverage Staking product. The cutting-edge product, which will be available on bifrost.app starting on March 13, is intended to provide consumers a one-click, easier method to increase the return on their staked assets. Through a process known as looping, users of leverage staking stake assets to earn an LST. They then use the same liquid staking token (LST) as collateral on a lending protocol to borrow the staked assets and earn the LST once again with the borrowed asset. Loopstake…
Nigeria has accused Binance and two of its executives detained in the country of evading taxes. The executives were due to be arraigned Thursday. A Federal High Court in Abuja, Nigeria’s capital, has adjourned hearings for the local tax authority’s cases against crypto exchange Binance Holdings and two of its executives who were detained by government authorities, local news outlets reported on Thursday. The matter was adjourned due to the Federal Inland Revenue Service (FIRS) not being able to serve Binance’s Head of Financial Crime Compliance Tigran Gambaryan the charges while he was in custody, the Punch reported. While Gambaryan…
Coinbase, the international cryptocurrency exchange, has achieved a milestone in its expansion efforts by becoming officially registered as a Restricted Dealer by the Canadian Securities Administrators (CSA). With this development, Coinbase has become the first international cryptocurrency exchange to be registered in Canada. The registration process, which has been in progress since March 2023, underscores Coinbase’s focus on regulatory compliance. Through close collaboration with Canadian regulators, Coinbase has worked to establish a policy framework. Coinbase’s CEO, Brian Armstrong, expressed appreciation for the efforts of Canadian regulators in bringing clarity to the cryptocurrency market. Additionally, Coinbase has engaged with Canadian banks,…
Based on current metrics, the Bitcoin blockchain is set to undergo another difficulty adjustment before the halving, with an anticipated increase of 1.2% to 2.16% around April 11, 2024. Following this adjustment, there will be 1,344 blocks remaining until the reward is halved. Estimated Increase in Difficulty Precedes Halving In April, bitcoin (BTC) miners face two significant events: the upcoming difficulty adjustment and the subsequent halving. During the last adjustment on March 28, at block height 836,640, the difficulty decreased by a modest 0.98%. However, this reduction may be erased in the next adjustment, which is projected to increase by…
Bitcoin price failed to recover above the $68,000 resistance zone. BTC is sliding and might decline again toward the $62,000 support zone. Bitcoin price started a decent increase but struggled near the $68,000 zone. The price is trading below $66,000 and the 100 hourly Simple moving average. There is a short-term declining channel or a bullish flag forming with resistance at $66,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $66,200 resistance zone to start a fresh increase. Bitcoin Price Faces Hurdles Bitcoin price attempted a decent recovery wave above the…