Author: NBTC
Blast, the new Ethereum layer-2 network, is seeing strong growth as the crypto rally continues. According to its website, the network is seeing strong developer interest and inflows from global investors. The Total Value Locked (TVL) in its ecosystem has jumped to over $1 billion while the total bridged assets have soared to over $2.6 billion. This growth makes it the 12th biggest blockchain in the world. It has also become a leading competitor to other layer-2 networks like Arbitrum, Polygon, and Optimism. The number of Blast users has also jumped sharply in the past few weeks. It has over…
Cardano Founder Charles Hoskinson recently responded to Grayscale’s introduction of the Dynamic Income Fund (GDIF) and questioned about the absence of Cardano (ADA) from the fund’s initial selection of assets. Grayscale, renowned for its Bitcoin ETF and crypto investment offerings, unveiled GDIF as its first actively managed fund, aiming to tap into the popular trend of crypto staking. Grayscale’s GDIF Excluded Cardano The GDIF is designed to hold assets from nine blockchains initially. These include Aptos (APT), Celestia (TIA), Coinbase Staked Ethereum (CBETH), Cosmos (ATOM), Near (NEAR), Osmosis (OSMO), Polkadot (DOT), SEI Network (SEI), and Solana (SOL). The fund intends…
According to the latest data, bitcoin has been trading above the $67,000 mark, with average network transaction fees experiencing a 288% increase from $3 to $11.64 since Feb. 25, 2024. Meanwhile, BTC has consistently stayed over the $60,000 level for eight straight days, elevating the daily value of one petahash per second (PH/s) of mining power to a seven-day high of $119 on March 4, 2024. Bitcoin’s Value and Rising Fees Lead to Lucrative Mining Profits In the last 11 days, average transaction fees on the Bitcoin network have seen a significant uptick, jumping 288% according to Bitinfocharts.com. The site…
CoinMarketCap revealed on Mar. 6 the victors of the “CMC Crypto Awards 2024” and gave the “Meme Coin of the Year” to Solana’s BONK. The meme coin registered its all-time high on Mar. 4, after rising 232% in seven days. Since its inception, BONK has risen by almost 36.700%. The event recognizes the most valuable contributors to the crypto and Web3 spheres. The winners were chosen after a process involving online public voting, expert analysis, and committee deliberations. Solana took home the “Crypto of the Year” award, while BlackRock was named “Bridge Builder of the Year”, and ZachXBT was spotlighted…
Digital Currency Group and its CEO Barry Silbert have filed motions to dismiss a lawsuit brought by New York Attorney General Letitia James. The lawsuit alleges investors tied to the now-defunct Gemini Earn product and those with direct investments with DCG unit Genesis have been defrauded out of $3 billion. Rather than remove money from Genesis following the collapse of Three Arrows Capital and crypto exchange FTX, DCG contributed some $1.4 billion (at today’s prices) into the stricken business, the DCG filing claims. Digital Currency Group (DCG), the owner of bankrupt cryptocurrency lending operation Genesis Global Capital, has filed a…
Investors are curious about the BTC and altcoin portfolios of giant corporate companies that affect the Bitcoin price with their Bitcoin purchases and sales or moves. At this point, cryptocurrency analysis company Arkham said in its post that it detected the Bitcoin wallets of Tesla and Spacex, giant companies owned by Elon Musk. According to Arkham’s data, Tesla currently has 11.51 thousand BTC worth $780 million in 68 addresses, while SpaceX has 8.29 thousand BTC worth $560 million in 28 addresses. “Breaking News: Tesla & Spacex Now in Arkham! Arkham identified Tesla and SpaceX’s BTC holdings. We are the first…
A seismic shift rippled through the XRP community today as a colossal transfer of 18.73 million XRP, valued at a staggering $11.26 million, rocked major cryptocurrency exchange Binance. Detected by Whale Alert, this mammoth transaction has sent shockwaves across the market, leaving many investors speculating on its implications. The substantial withdrawal, making its way to the address “rarG6F,” a familiar destination with a history of transactions dating back to Jan. 3, has left many puzzled. Currently, the address holds a substantial 35.4 million XRP tokens. 🚨 18,725,121 #XRP (11,262,655 USD) transferred from #Binance to unknown wallethttps://t.co/R4tEWZJGt0 — Whale Alert (@whale_alert)…
CFTC Chair Rostin Behnam said if Congress passes the FIT Act, he was “confident” that his agency could build a regulatory framework within 12 months. “This notion of crypto going away, I think, is just a false narrative,” Behnam said. Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam reiterated his longstanding call for Congress to pass legislation addressing regulators’ jurisdictions in the crypto industry during an annual appearance before the House Agriculture Committee. “We need to fill the gap in crypto regulation,” Behnam said Wednesday, pointing to bitcoin’s (BTC) recent price action. He added that expecting “another period of irrational…
An aggressive airdrop farming campaign helped elevate Portal to become the biggest gaming token launch so far this year. Now BlockGames, a mobile-centric crypto gaming platform, is attempting to follow a similar playbook as it gears up to launch its BLOCK token. BlockGames launched its BLOCK airdrop farming campaign on Friday, incentivizing hopeful token recipients to spread the word about the platform. And many of them are doing so, over and over and over again, much as they did with Portal. Billed as a SocialFi experience, BLOCK farming lets users connect a Twitter account via the BlockGames mobile app, and…
A notable shift seems imminent for the Bitcoin (BTC) price, according to renowned crypto analyst Willy Woo. With a history of accurate predictions under his belt, Woo has ignited the community with a new forecast that suggests Bitcoin is on the brink of a monumental surge. This prediction comes on the heels of the recent approval of spot Bitcoin ETFs, a development Woo believes could funnel significant capital into the digital currency. Willy Woo took to X (formerly Twitter) to share his insights, drawing parallels between Bitcoin’s past and its potential future. He recounted that in July 2010, BTC was…