Author: NBTC
Despite the recent market rout, Bitcoin and Ethereum funding rates on perpetual futures contracts are still bullish, according to data from CoinGlass. Funding rates are periodic payments made between traders who are long (optimistic) and short (pessimistic) in perpetual futures contracts. Unlike standard future contracts, which have an expiration date, perpetual contracts have no expiry. And so the funding helps keep the price of a perpetual futures contract close to the spot price of their underlying asset. When funding rates are positive, as they are at the time of writing, traders who are long pay a fee to those who…
Cypherpunk Holdings is a Canadian investment firm with a strong focus on the blockchain and cryptocurrency industry. The company specializes in identifying and investing in innovative blockchain technologies, companies, and emerging protocols within the digital asset space. Cypherpunk Holdings operates as a strategic holding company, allocating capital to projects that contribute to the growth and adoption of decentralized systems. Leah Wald, who became CEO in 2024, has brought extensive experience from her previous role as the co-founder and CEO of Valkyrie Investments. At Valkyrie, she played a key role in launching one of the first Bitcoin futures ETFs listed on…
Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. Howdy! I’m back in Brooklyn after some trafficky hours spent in the back middle seat of a Volvo to cap off a 4th of July road trip. Sadly I’m not in Brussels for EthCC, but for readers who are across the pond, shoot us an email and let us know the vibes surrounding Solana over there. I’ll be interested to see what announcements come out of the conference. Anyways: SOL rebounds after market bloodbath Crypto markets re-enacted that blood-filled…
Since August 5, a significant sum of 955 million $USDT has been transferred into the cryptocurrency exchange Kraken from Tether Treasury, according to data from Lookonchain. This large stablecoin influx was facilitated through the deposit address “TQef…k32t” on the Tron Network. It highlights a notable movement of funds within the crypto market. Since August 5, 955M $USDT has flowed into #Kraken from #TetherTreasury through the deposit address “TQef…k32t” on #TronNetwork. https://t.co/QFfCDqVqZOThe current circulation of $USDT is 116.53B, with 52.05% circulating on #TronNetwork. pic.twitter.com/80NYZQph7h — Lookonchain (@lookonchain) August 15, 2024 Tether $USDT Supply Reaches 116.53B, Majority Circulates on Tron Network USDT…
The Paraguayan justice system has reached a milestone by achieving its second conviction related to a power theft crime linked to cryptocurrency mining. Carlos Raul Rojas, the owner of a dwelling where over 1,000 cryptocurrency miners operated, was sentenced to 18 months in prison for causing over $1.5 million in losses to the National Power Administration (ANDE). Paraguayan Government Convicts Individual on Cryptocurrency Mining Power Theft Charges The Paraguayan government is now prosecuting power theft cases related to cryptocurrency mining. The Paraguayan justice system has achieved its second conviction linked to energy theft associated with cryptocurrency mining activities. Three individuals…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. No single entity, interest group, or political faction defines (or dominates) the blockchain industry. But despite all differences, positive and negative, there is a shared mission—achieving mass adoption. You might also like: Is investing in classic stocks always safer than defi? Not exactly | Opinion More people, businesses, and communities must benefit from crypto and blockchain tech worldwide. To achieve this fully, anyone should be able to build high-quality dApps and on-chain tools. Devs must have the…
Amid growing concerns about the direction of the U.S. economy, Bank of America CEO Brian Moynihan called on the Federal Reserve to lower interest rates as soon as possible. The Fed must strike a delicate balance between controlling inflation and avoiding a recession, Moynihan said in a recent interview. Recent market turmoil, including record swings in the VIX volatility index, has raised investor concerns. While the labor market remains strong, mixed economic data and weakening consumer confidence have triggered alarms. Moynihan’s call for a rate cut comes as analysts and investors grapple with the Fed’s ability to achieve a soft…
July is poised to be a big month for crypto gaming token unlocks. Throughout the month of July, over $148 million worth of crypto gaming tokens will be unlocked and can enter the market, according to data from TokenUnlocks. And all of the projects in question have launched tokens on Ethereum. Many crypto projects make their total supply of tokens available across days, weeks, months or years. Often, when a project launches its token, it locks up a significant amount of the supply that’s intended for collaborators, community rewards, and perhaps investors. Those tokens are then gradually unlocked for access…
Bybit, the world’s second-largest crypto exchange by trading volume, proudly announces that all Bybit users can now deposit and withdraw PayPal USD (PYUSD) on the Solana blockchain. The first top-three exchange to offer this feature, Bybit users can now synergise their crypto investments with the power of global payments on Solana. PYUSD and Solana’s Unstoppable Momentum – A Look at PYUSD On-Chain Performance and Issuance Data Since its debut, PYUSD has performed remarkably well on Solana. The stablecoin has processed over 500,000 transactions, demonstrating its growing adoption across various financial applications. Its robust performance has established PYUSD as a critical…
5ire, a blockchain platform focused on sustainability, has announced the public launch of its mainnet. This milestone follows a testnet phase that processed over one million transactions in its first month, according to the company. 🪩Our Mainnet is live! 🪩 Revolutionizing blockchain with our innovative eco-friendly SPoS. 🤝Join us in building a sustainable Web3 future. Read more to learn about our journey. Thank you @Benzinga for covering our milestone. 🔗https://t.co/jHwF5tOsT4 — 5ireChain (Mainnet Goes Live @ 10pm IST today) (@5ireChain) August 15, 2024 The 5ire mainnet network is designed to process up to 1,500 transactions per second, with 50% of…