Author: NBTC
With the U.S. experiencing a decline in its share of crypto developers, the country may be jeopardizing its leadership position in the swiftly changing crypto economy. The United States is experiencing a decline in its share of crypto developers, prompting concerns over its leadership in the blockchain space. Recent data from Maria Shen, general partner at blockchain venture firm Electric Capital, reveals that the U.S. now represents only 18.8% of global crypto developers. https://twitter.com/MariaShen/status/1851702779946901968 The U.S.’s developer share has also fallen by 51%, suggesting that the country may be losing its competitive edge. Shen attributes this shift to a challenging…
Shibarium, the Layer-2 scaling solution for the Shiba Inu ecosystem, is set for a major upgrade that will increase its security and scalability. Shiba Inu’s marketing executive Lucie announced that the upgrade would target Puppynet, Shibarium’s testnet. Puppynet to Get Update That Brings Ethereum’s ‘Best Practices to Shibarium’ Puppynet is scheduled for an upgrade on Friday at 2:30 a.m. ET at block 4,697,000. The changes include the Bor upgrade to version 1.3.7-bone-beta and the implementation of the Cancun hard fork. These enhancements aim to improve network performance, security, and overall efficiency, offering users a smoother experience. “This upgrade is for…
OSL Group has signed an agreement to acquire over 80% of Japan’s FSA-licensed crypto exchange CoinBest, marking its entry into the Japanese crypto market. Hong Kong‘s licensed crypto operator OSL Group has announced plans to acquire an 81.38% stake in CoinBest, a Japan-based crypto exchange licensed by the Financial Services Agency. In a Nov. 4 press release, OSL said the acquisition, led through its Japanese subsidiary, marks the group’s “strategic step” into the Japanese market, which is seeing rapid growth in crypto adoption and boasts over 5 million active crypto accounts as of 2023. “Through the acquisition of CoinBest, OSL…
Ethereum’s recent price movements reveal a strong seller presence, particularly around the critical resistance region at the 100-day moving average. This price action suggests increased downward pressure, with a corrective consolidation expected in the near term. Technical Analysis By Shayan The Daily Chart Ethereum recently encountered heightened selling activity at the $2.6K resistance area, aligned with the 100-day moving average. This led to a rejection, pushing the asset back toward the dynamic support at the channel’s middle trendline near $2.3K. The presence of sellers at this resistance zone suggests it remains a significant barrier for buyers, at least for the…
The stablecoin boom in Brazil has caught the attention of the central bank, which is currently exploring several ways to tax stablecoin remittances, including issuing a special license for crypto exchanges that provide these services. Central Bank of Brazil Explores Tax on Stablecoin-Based International Transactions, but There’s a Catch The Central Bank of Brazil is looking to capitalize on the popularity of stablecoins in Brazil and is now examining the possibility of taxing stablecoin-based remittances. According to industry stakeholders, the bank is considering including this kind of taxation in a definitive version of the cryptocurrency rules to be finalized next…
A recent report from CoinGecko reveals that 8.7 million cryptocurrency wallets currently hold stablecoins. The majority of these stablecoins are concentrated in three major types: $USDT, $USDC, and $DAI, which together account for 97.1% of all stablecoin holdings. Ever wondered how many wallets hold stablecoins? 🔎Our latest report revealed that 8.7M addresses hold stablecoins, with 97.1% holding $USDT, $USDC, or $DAI.Read the full report: https://t.co/V1uxLTAmKd pic.twitter.com/OQrsquVAPI — CoinGecko (@coingecko) September 15, 2024 USDT, USDC, and DAI Show Increased Stablecoin Stability Post-Banking Crisis Stablecoins, as the name suggests, are designed to offer price stability, their prices linked to another asset –…
The European branch of Robinhood, a top U.S. brokerage platform, has launched live transfer options for Pepe Coin (PEPE). This new feature allows European users to withdraw and deposit PEPE directly on Robinhood’s crypto platform. In addition, a 1% deposit bonus is being offered for a limited time to encourage users to participate in PEPE transfers. Pepe Coin, often referred to as PEPE, was launched last year, inspired by the popularity of the “Pepe the Frog” meme. PEPE is currently the 24th largest cryptocurrency, with a market capitalization of $3.45 billion and a spot market trading volume of approximately $598.35…
As the DeFi space expands, Ethereum’s largest projects maintain significant network usage through large-scale fee burning, leading to a depletion of ETH supply. As per the recent statistics sourced from ultrasound.money and shared by Phoenix Group, today’s DeFi titans, such as Uniswap, MetaMask, as well as 1inch, burnt the most Ethereum fees in the last month, with Uniswap alone responsible for burning approximately $15.2 million or 6,169.9 ETH. TOP #ETHEREUM BURNER #DEFI PROJECTS#Uniswap $UNI #Metamask #1Inch #0xProtocol $ZRX #GnosisChain #Pendle #KyberSwap #Aave $AAVE #Paraswap #Tokenlon $LON pic.twitter.com/6HuUBeDPrm — PHOENIX – Crypto News & Analytics (@pnxgrp) November 3, 2024 Uniswap Leads…
Ethereum’s recent performance highlights the ongoing volatility within the cryptocurrency market, with trading activity revealing mixed sentiments among investors. Key metrics indicate a potential resurgence of buying interest, despite overall lower trading volumes and whale activity. “The current state of Ethereum reflects uncertainty in the market, yet the recent uptick in buy volumes indicates a possible shift in investor sentiment,” remarked a market analyst. Ethereum’s market dynamics showcase ongoing consolidation, yet signs of renewed buying interest may emerge as election uncertainties wane. Market Consolidation and Investor Sentiment Surrounding Ethereum Over the past three months, Ethereum [ETH] has been predominantly characterized…
Recent developments indicate that Bitcoin (BTC) is stabilizing just below its all-time high. Following a troubling period in the past two quarters, positive market signals suggest a potential recovery. The release of this week’s JOLTS data underscores the Federal Reserve’s growing need to implement more aggressive interest rate cuts as inflation shows signs of decline. Contents hide 1 How is U.S. Economic Data Impacting Cryptos? 2 What Are the Implications of Key Economic Indicators? How is U.S. Economic Data Impacting Cryptos? The difficult stretch for cryptocurrencies seems to be waning, as the Fed has started reducing interest rates. Unless an…