Author: NBTC
Teneo, the prominent crypto hedge fund Three Arrows Capital’s liquidator has recently made a significant development. As per SpotOnChain, a well-known on-chain analytics provider, Teneo reportedly deposited up to 2.18M $STRK tokens (equaling $2.63M) into Binance during the last 3 days. The analytics platform took to its official social media account on X to reveal this development. Earlier, Vitalik Buterin (Ethereum co-founder) also unlocked over $1M worth of $STRK tokens. Teneo, #3AC liquidator, deposited 2.18M $STRK ($2.63M) to #Binance in the past three days!Currently, @Teneo still holds 130M $STRK ($157M) of 3AC’s assets in custody, making it the second-largest non-team/CEX…
With the broader digital currency ecosystem tilting toward tokenization, Ripple CTO David Schwartz has hinted at some of the important benefits of this technological advancement. Benefits of tokenization The concept of tokenization has been flying around, however, only a few understand or know what it really means. Taking to the Ripple Labs’ new X series of explaining a blockchain concept in 60 seconds, the Ripple CTO used real estate to explain the tokenization concept. He said, with a lot of paperwork involved in buying an asset, it becomes fairly difficult to prove ownership of such properties. He believes tokenization eliminates…
Currently, traditional assets are continually debased due to overproduction and inflation. Bitcoin emerges as a beacon of stability with its immutable scarcity and superior monetary properties. As the next Bitcoin halving approaches, experts and market analysts spotlight BTC as the ultimate tool for long-term savings. Bitcoin: the Ultimate Savings Tool According to a new report, Bitcoin’s unique attributes position it ahead of traditional savings instruments. Joe Burnett, researcher at Unchained, explained that the upcoming Bitcoin halving, which will reduce the block reward from 6.25 BTC to 3.125 BTC, is set to cement Bitcoin’s role as a prime savings medium. Burnett…
Ether (ETH) holders are sending assets to crypto exchanges at the fastest pace in almost four months following the crypto’s rally on increasing anticipation of a U.S. spot exchange-traded fund approval. Blockchain data by Nansen Intelligence shows Tuesday net inflows to exchanges reached 81,840 ETH worth roughly $306 million at current prices, the highest amount in a day since January 23. Tuesday was also the third day in a row of inflows, marking a break from the general trend of decreasing ETH balance on exchanges, Nansen data shows. The last time ETH experienced consecutive days of inflows to exchanges was…
David Schwartz, Ripple’s Chief Technology Officer (CTO), has clarified his position on XRP in a recent remark on X (previously Twitter), putting an end to speculation over his cryptocurrency holdings. Schwartz made this clarification after an X user claimed he sold billions of XRP to acquire ETH and BTC, adding that the proof was in his SEC statements. In a move to dispel rumors and provide transparency in the cryptocurrency community, Schwartz disclosed the details of his XRP holdings and his investment history. Schwartz revealed that at the peak of his holdings, he possessed approximately 26 million XRP, and that,…
Now that the halving has occurred and fees are at a six-month low, the profitability of application-specific integrated circuit (ASIC) mining rigs has shifted significantly. It is now essential to ensure electricity is inexpensive and machines are efficient in terms of joules per terahash. The following is an examination of today’s top six ASIC miners in terms of profitability, just over a month after the fourth halving event. Hydro-Cooling ASICs Dominate the Top 10 Bitcoin Mining Machines As May draws to a close, Bitcoin’s network hashprice, or the anticipated value of 1 petahash per second (PH/s) of hashing power, is…
US Presidential candidate Robert Kennedy Jr. showcases his faith in blockchain tech. He intends to put the US budget on the blockchain for true transparency. If he delivers, US taxpayers can track where their dollars are being funneled. The 2024 US Presidential elections have been critical to the betterment of crypto-related businesses and policies in the United States. All major candidates are making their stance on blockchain technology and Bitcoin (BTC) clear. The first to do so was Robert Kennedy Jr. Robert Kennedy Jr. is promising:• No taxes on #Bitcoin• Backing the US dollar with Bitcoin• Put the US budget…
The advertisement underlines the key distinctions between Bitcoin and other currencies. The amount of pizza that can be bought with BTC at various times is highlighted in particular. The next Bitcoin (BTC) halving event is the subject of a new commercial that crypto exchange Coinbase has released. This event is set to take place on April 19, 2024. The advertisement underlines the key distinctions between Bitcoin and other currencies in an effort to educate the public about the potential for a Bitcoin price increase. Asking the strong question, “Is Bitcoin as effective as your money in time?” the ad starts…
For the fifth time in its brief existence, Justin Sun’s decentralized stablecoin USDD has depegged. The coin, which is supposed to stay priced at a dollar via a series of algorithmic mechanisms, has deviated 3% from its $1 peg, currently trading for $0.97. The depegging comes on the back of news that another Justin Sun-based entity, Poloniex, is struggling to maintain a peg for its wrapped bitcoin (WBTC) product. Sun’s other stablecoin, TUSD, has also seen its peg break, though only slightly compared to the issues that the WBTC on Poloniex or USDD are having. It’s worth noting that all…
Biton, a one-stop shop for chain ecology and multi-chain compatible seamless service applications, announced a new partnership with DeSui, a refreshing newcomer on the scene of SocialFi. Their joint intention is to streamline trading activities and eliminate cross-chain risk, for a complete user engagement experience in this rapidly developing world of blockchain technology. 🎉 Strategic Synergy Alert! 🤝 @Biton_ex is proud to partner with @DeSui_io – Pioneering the Future of SocialFi!🌟 #Desui isn’t just a SocialFi project; it’s a game-changer, seamlessly blending social networking with DeFi to supercharge content creators.👐 Its user-centric… pic.twitter.com/LQeiTSfVXV — Biton (@Biton_ex) May 25, 2024 Biton…