Author: NBTC
In a recent social media post, Mishaboar, a notable Dogecoin contributor and developer, addressed widespread speculation regarding Elon Musk’s purported holdings of the popular cryptocurrency. Dismissing the notion that Musk owns a significant portion of Dogecoin, Mishaboar shed light on what was once a prevalent misconception during the previous bullish market cycle. Mishaboar highlighted a crucial piece of misinformation that circulated during the peak of Dogecoin’s popularity. He pointed out that influential figures, including Changpeng Zhao (CZ), the former CEO of Binance, and certain “genius” YouTubers, perpetuated the false claim that a single whale held 30% of Dogecoin’s total supply.…
Kraken has acquired TradeStation Crypto to help the exchange expand its footprint in the U.S. Florida-based TradeStation Crypto acquired money transmitter and other types of regulatory licenses in most U.S. states over the past few years. Cryptocurrency exchange Kraken is acquiring TradeStation Crypto, the digital asset-focused division of online brokerage TradeStation, to expand its regulatory licensing in the U.S. “We can confirm Kraken has recently purchased TradeStation’s crypto business. The transaction is part of our efforts to accelerate our U.S. presence and will unlock further growth and new product opportunities for Kraken in the U.S,” a Kraken spokesperson said via…
The price of bitcoin had a tumultuous day on Thursday dropping below the $70,000 threshold at 12:30 p.m. Eastern Time only to return back above the $70,000 range shortly after. Bitcoin had tapped an all-time price high during the early morning trading sessions on Thursday by briefly tapping $73,794. Bitcoin’s Rollercoaster Day Sees Dip Below $70K Bitcoin’s valuation experienced a fluctuating day on Thursday, initially dipping below the $70,000 mark at 12:30 p.m. Eastern Time before ascending back above the $70,000 threshold shortly thereafter. In the early hours of Thursday, bitcoin (BTC) reached a new zenith in its price, touching…
DeSyn Protocol joins Swell to introduce a disruptive financial product that aims to change the manner people invest in decentralized finance. Powered by DeSyn Protocol’s cutting-edge technology, the Swell ETH Restaking Fund provides investors across the board an opportunity to optimize their returns while simplifying their investment strategies. Swell ETH Restaking Fund Revolutionizes DeFi Investing Through integration with several Layer-1 protocols, such as Eigenlayer, Swell, and DeSyn, the Swell ETH Restaking Fund is optimized to deliver ideal restaking returns ranging from 50% to 300%. Endeavors maximize yields per asset and enable users to receive 1–3x airdrop rewards. These layers ensure…
Aptos Labs has inked a partnership with io.net to enhance access to scalable GPU resources in a bid to boost AI and machine learning capabilities. Aptos Labs, the firm behind the Aptos blockchain ecosystem, has entered into a partnership with io.net, a provider of decentralized GPU compute solutions in a bid to decentralize access to artificial intelligence (AI) resources as more venture capital firms are taking aim at the rapidly growing technology. According to a press release shared with crypto.news, io.net and Aptos Labs will collaborate on developing a suite of AI models and inference products for their future release…
The advent of EigenLayer restaking has opened up new yield opportunities for Ethereum holders. A handful of protocols now provide liquid restaked ETH, juicing returns for those who know where to look. A new product from Index Coop aims to bundle those yields into an index token for easy access and built-in diversification. The High Yield ETH Index (hyETH) set to launch next month, combines into a single token five yield strategies that meet minimum APY and total value locked (TVL), among other criteria, using open-source, audited protocols. To test demand for such a product, Index Coop devised a points-inspired…
Most young South Koreans are losing faith in the national pension system, a new survey has found – with many stating they see crypto and stocks as a better alternative. The study found that more than three-quarters of people aged 20-39 “don’t trust” state-issued pensions. Over half of respondents who said they were making their own pension plans claimed they were building their retirement funds with stocks and crypto. Crypto an Alternative as South Koreans Lose Faith in State Pensions? According to Chungnam Ilbo, the survey was conducted by the Korea Women’s Policy Institute. The institute spoke to 1,152 people…
According to recent data published on the Whale Alert analytics X/Twitter account, over the past 24 hours, a large Dogecoin transaction has been spotted. Hundreds of millions of DOGE were deposited to a popular trading venue, while the meme coin’s price showed a major slump. This transaction gained attention of the Dogecoin community, triggering a heated response in the comments. 245 million Dogecoin on the move, price makes sharp drop The aforementioned cryptocurrency tracking platform has shared that approximately 12 hours ago, a mysterious unknown whale shoveled a staggering 245,000,000,000 DOGE to renowned trading venue Robinhood. At the time this…
In a recent note, JPMorgan analysts clarified the driving forces behind the current volatility in Bitcoin and the overall cryptocurrency market. Contrary to popular belief, the rally is not due to investors switching from gold to Bitcoin, but rather individual and speculative institutional investors buying both gold and BTC futures, analysts say. Since the launch of spot Bitcoin ETFs earlier this year, there has been significant inflows into these funds, while gold ETFs have seen outflows. This led to comments that investors were shifting from gold to Bitcoin. But JPMorgan analysts led by Nikolaos Panigirtzoglou argue that this is not…
Injective and Web3 mobile firm Jambo will partner to promote DeFi in Africa, Latin America and Southeast Asia. The collaboration seeks to make it easy for millions to access dApps via the Jambophone. Injective and Web3 mobile infrastructure platform Jambo have announced a partnership that will see the two companies collaborate to bring blockchain-powered financial solutions to millions of users in emerging markets. The partnership will tap into JamboPhone, a Web3 Android 13 smartphone, to introduce users across Africa, Latin America and Southeast Asia to Injective’s DeFi ecosystem. “Combining Injective’s robust infrastructure stack with Jambo’s mature Web3 mobile technology will…