Author: NBTC
XRP’s order book on U.S. exchanges is 30% more liquid than offshore platforms. The greater the liquidity or market depth, the easier to execute large transactions at stable prices. XRP is having its moment not just in terms of price rally but also enhanced liquidity on U.S. exchanges, a positive development for whales looking to trade large quantities at stable prices stateside. As of Thursday, U.S. exchanges, including Nasdaq-listed Coinbase (COIN) and Kraken, boasted a 1% market depth of $1.12 million, offering 30% greater order book liquidity than offshore exchanges like Binance and OKX, according to data tracked by CCData.…
Understanding crypto trading pairs is fundamental to developing effective trading strategies. Leverage can amplify both potential profits and risks in futures trading. Open interest provides valuable insights into market liquidity and sentiment. These terminologies are fundamental in the ever-evolving world of future trading into cryptocurrency. When getting to trade, people have to know something about the market and the new ideas and approaches. From this article, it is possible to determine five key terms that every trader in crypto futures should understand to comprehend how these concepts affect the results of trading and profitability. Crypto Trading Pair: The Foundation of…
Daily mining revenue and gross profit fell for a third consecutive month in September, the report said. The bank noted that the network hashrate rose 2% from August. Daily block reward gross profit fell to the lowest “on recent record” in September, the bank said. The average bitcoin (BTC) price and the network hashrate rose slightly in September, while daily mining revenue and gross profit fell for a third straight month, JPMorgan (JPM) said in a research report Tuesday. The hashrate rose for the third month in a row, adding 2% from August to 643 exahashes per second (EH/s). Hashrate…
Today, Boltz announced the launch of the Boltz BTCPay Plugin, the first feature of its kind, in open beta. The plugin lets merchants who use BTCPay Server easily accept bitcoin over Lightning before having it automatically swapped and stored non-custodially on the Liquid Network. The “Nodeless” mode for the Boltz BTCPay Plugin utilizes Liquid Swaps to make the automatic swap from Lightning to Liquid the instant a Lightning invoice is paid. Using Liquid Swaps, Boltz BTCPay Plugin users can also swap bitcoin back to the mainchain if they prefer. The plugin comes with an integrated wallet system, which enables users…
Uniswap Labs showed the bottom line results of its new fee schedule. The increased fees from April onward boosted the DEX bottom line, showing Web3 could be sustainably monetized. Uniswap Labs earned more than $51M for the past six months, after introducing a 0.25% fee for swapping directly on the Uniswap Interface. The convenience of using the Uniswap Labs interface is helping the organization finance its research and growth. The 0.25% fee follows the introduction of a 0.15% fee in Q4, 2023, which only affected selected trading pairs. Based on the lower fee, Uniswap’s annualized revenue would be around $13M.…
The Hong Kong Monetary Authority (HKMA) has launched the second phase of its digital currency pilot program, marking a significant step in its exploration of the digital money ecosystem. This phase expands on the initial pilots conducted 16 months ago, with a more comprehensive approach to testing potential use cases for the e-Hong Kong dollar (e-HKD) and tokenized deposits. The HKMA aims to share its findings with the public by the end of 2025, as part of its broader initiative to unlock the full potential of digital money. The HKMA has selected eleven groups of firms from various sectors to…
IOTA (IOTA) EVM redefines the Decentralized Finance industry with exciting integration with projects that provide cutting-edge solutions. The team has recently highlighted the contribution of its partner, Tide Protocol, to the DeFi ecosystem. Recently, Crypto News Flash announced the official mainnet launch of the IOTA EVM, a fully EVM-compatible layer 2 solution that integrates smart contract capabilities into the IOTA network. In our publication, we mentioned the initial EVM launch on Shimmer in September 2023, coupled with its extensive journey marked by significant improvement, testing, and audits. After hitting the ground running, several Web3 projects that provide cutting-edge solutions launched…
The popular tap-to-earn Telegram game, X Empire, is gearing up to be listed on top exchanges like Binance, Bybit, and Bitget today. It is a significant move for the game as the team shared on X that “Over 4,000,000 players have already linked their wallets and are ready to receive their tokens.” When it comes to predicting the potential price of X Empire ($XEMP), crypto experts are drawing comparisons with another project like MemeFi. Courtesy: X Empire X account MemeFi has got around 11 million users, while X Empire with nearly 9 million users, indicates a 22% reduction in certain…
Bitcoin mining firm NewRays is suing a judge and prosecutor, alleging that they selectively enforced noise legislation against the company. In the complaint, NewRays states that despite other companies making more noise than it does, laws were created to specifically target the mining firm. The complaint, filed on September 26, claims that Judge Allen Dodson, prosecuting attorney Phil Murphy, and additional defendants specifically and unfairly targeted NewRays with noise legislation. NewRays acquired property in Arkansas to begin its data center for crypto mining in October 2022. However, this came before a set of local noise ordinances were put into place.…
Bitcoin’s price has surged by 19% in the last few days, pushing it to $64,342. Despite this significant rise, the cryptocurrency is facing resistance at $65,000. A key group of investors, known for profit-taking at this point, poses a potential threat to the continued bullish momentum. Bitcoin’s rally could reverse if selling pressure escalates, leading to a decline. Bitcoin Investors Might Book Profits Bitcoin’s price is facing the threat of a correction, largely due to the potential of selling. Signs of the same can be noted in the Market Value to Realized Value (MVRV) Ratio. A key indicator of profitability,…