Author: NBTC
InceptionLRT, a well-known liquid restaking protocol, has announced a unique feature. According to the company, it is launching the latest “Flash Unstake” feature that focuses on revolutionizing liquidity management with the provision of an additional cost-efficient restaking solution. With the exclusive feature, the platform intends to overcome the limitations of the 7-day unbounding phase of eigenLayer. InceptionLRT Introduces Flash Unstake, Permitting Consumers to Stop Using Locked-up Assets In this respect, it provides consumers with rapid liquidity for vibrant flash unstake charges. InceptionLRT is the earliest protocol for liquid restaking that implements flash unstake. It sets a unique standard within the…
New Jersey’s Attorney General, the Division of Consumer Affairs, and the Bureau of Securities have urged investors to immediately withdraw funds from crypto platform Abra. This follows a multi-state investigation into the platform’s alleged violations of state securities laws. Affected investors will receive refunds, with crypto assets being converted to U.S. dollars. New Jersey Investors Advised to Withdraw Funds From Abra Amid Legal Scrutiny New Jersey (NJ) Attorney General Matthew J. Platkin, the Division of Consumer Affairs, and the New Jersey Bureau of Securities announced on Monday that investors in the state should immediately withdraw their funds from crypto trading…
Bitcoin’s post-halving price pattern includes a surge, correction, and sideways phase, driven by whale and miner activities. Whales’ strategic Bitcoin selling post-halving indicates potential market repositioning and long-term price implications. Miner sell-offs post-halving align with operational needs, affecting Bitcoin’s market dynamics and investor strategies. Bitcoin’s price action surrounding the recent halving event is unfolding as anticipated by many market analysts. Historical trends indicate a series of predictable movements that investors should heed: an initial surge, a subsequent sharp correction, followed by a period of lateral trading. This sequence typically starts in a significant drop, eradicating remaining bullish sentiment, before entering…
In a live AMA session from his ranch in Wyoming, Cardano founder Charles Hoskinson delivered an eagerly awaited update on the blockchain platform’s future. Hoskinson confirmed that the Chang hard fork is practically finished and anticipated to be rolled out next week. This significant milestone marks the transition to the Voltaire era, a new phase of governance for the Cardano network. Reflecting on Progress: Cardano’s Journey to CIP-1694 Completion Hoskinson began by reflecting on the challenges and achievements of the past few years. He celebrated the completion of all elements of the Cardano Improvement Proposal (CIP) 1694, which took about…
A closely followed crypto strategist thinks that Bitcoin (BTC) has a shot of bottoming out at current levels. Pseudonymous analyst Credible tells his 398,800 followers on the social media platform that Bitcoin may have just witnessed a swing pattern failure (SFP) on the lower time frame after bouncing from $64,000. SFPs are often looked for by traders as potential reversal points. Says Credible, “There’s a chance our BTC bottom is in with this SFP. Below is what I am watching for now. Yes, we can still technically go lower into the “dream long” zone below, but as I’ve previously said…
DMarket led the non-fungible tokens (NFTs) sales on Tuesday with US$685,764, which is a slight drop from Monday’s US$697,138, according to CryptoSlam data. DMarket is an NFT collection of in-game items for popular online games like Counter-Strike and Dota 2. It rose to the top of the daily NFT sales chart last Wednesday and even topped the entire Ethereum network’s volume on its own on Thursday. Its all-time sales volume now stands at US$486.11 million, which is 14th in the industry. The second-ranking collection for the day was Guild of Guardians Heroes on the Immutable blockchain, with sales reaching US$643,700.…
According to a recent report by the New York Times, Tether co-founder Brock Pierce is currently mired in legal disputes with business partners. The court records obtained by the outlet show that the famous entrepreneur’s efforts to turn Puerto Rico into a crypto mecca were unsuccessful. He is reportedly strapped for cash after being abandoned by business partners. Meanwhile, the locals are dissatisfied with Pierce’s attempts to turn the Caribbean island into his personal playground. Pierce, a former child actor, became wealthy as an early investor in various crypto projects, achieving a net worth of roughly $1 billion. He moved…
Former president Donald Trump is doubling down on his pro-Bitcoin stance, arguing that the USA must lead in Bitcoin and crypto or risk falling behind. Trump has emerged as a vocal Bitcoin advocate while campaigning for the 2024 election. Trump became the first US president to accept Bitcoin lightning payments and oppose central bank digital currencies. On the campaign trail, he has promised to keep regulators away from Bitcoin if elected. Yesterday in Wisconsin, Trump further declared he will “end Joe Biden’s war on crypto” to secure America’s future. He added new comments that “We will ensure that the future…
A crypto revolution is underway in Thailand, bolstered by the country’s strategic location in Southeast Asia, which makes it an appealing destination for crypto companies and investors. Beyond Thailand’s geographical advantage, the current government is adopting friendly policies that offer relative comfort for crypto practitioners, guaranteeing more safety and sustainability, compared to other regions worldwide. Thailand ranks among the world’s top ten most crypto-friendly nations in terms of adoption. It was one of the first nations to regulate the crypto industry, taking a cue from the unfortunate events resulting from the collapse of Luna and Terra in South Korea. The…
Crypto markets continue to grapple with liquidity fragmentation, leading to persistent price discrepancies across exchanges. According to a recent Kaiko report, these disparities are diminishing over time, but they remain prominent on smaller, less liquid exchanges, especially during market events like the recent sell-off seen last week. Price slippage occurs when the expected price of a market order differs from the execution price and is a key liquidity indicator. During the sell-off on Aug. 5, Kaiko calculated that most exchanges showed an increased slippage in their Bitcoin (BTC) orders of $100,000. Notably, the spike was much more pronounced on some…