Author: NBTC
Higher crypto prices are a tailwind for the exchange. Recent cryptocurrency price action has been driven by increased retail participation. The exchange’s daily volumes have hit levels not seen since the 2021 bull market. Wall Street giant Goldman Sachs (GS) called time on its bearish stance on crypto exchange Coinbase (COIN), upgrading the shares to neutral from sell after bitcoin (BTC) hit a record high and daily trading volumes hit levels not seen since 2021, according to a report published Thursday. The bank also lifted its price target to $282 from $170. Coinbase shares were little changed at $242.10 in…
In an unprecedented surge of interest, Masa, the pioneer in decentralized personal data networks, has announced the sensational close of its community token sale on CoinList, reaching a staggering $8,750,000 from the initial and additional token allocations combined. This sale was completed in a mere 17 minutes, setting a new benchmark in the crypto community for rapid funding. The sale witnessed the release of 63,554,660 MASA Tokens, valued at $5,000,000, which were snapped up almost instantly. The demand was phenomenal, with the sale being oversubscribed by 6.4 times. Of the 52,606 individuals registered, only 6%, amounting to 3,285 lucky users,…
Integrating blockchain technology with tangible, real-world applications is becoming increasingly significant. Indeed, Decentralized Physical Infrastructure Networks (DePIN) is a sector experiencing exponential growth. Around 650 new projects were launched, catapulting DePIN’s market capitalization to an impressive $20 billion and generating an estimated $15 million in annualized on-chain revenue. The growing interest in DePIN reflects the potential to revolutionize traditional systems by democratizing access to essential services and fostering community-driven solutions. The Promise of DePIN to Disrupt Monopolies DePIN stands at the forefront of marrying cryptocurrency’s decentralized ethos with the physical world’s infrastructural needs. From Wi-Fi and transportation to data storage…
Binance Vs SEC: The U.S. Securities and Exchange Commission (SEC) is considering every legal and investigational development as supplemental authority to gain an upper hand in the lawsuit as Binance, Binance.US, and co-founder Changpeng “CZ” Zhao request the court to dismiss the case. In the last action by the securities regulator SEC, a notice of supplemental authority is filed by the SEC claiming the relevance of the recently revived Williams v. Binance in this case. SEC Vs Binance: New Supplemental Authority According to a filing in the court, the SEC submitted a notice of supplemental authority requesting the court to…
The host of the Coin Bureau YouTube channel, Guy Turner, believes that Bitcoin (BTC) could hit nearly $200,000 this market cycle. In a new strategy session, Turner tells his 2.42 million YouTube subscribers that history indicates the top crypto asset by market cap will likely soar to six figures sometime this cycle. According to Turner, two major catalysts will cause BTC’s price to spike. The first is the upcoming halving event, which will cut miners’ rewards in half, and the other is the Federal Reserve’s monetary policy. Guy notes that historically, a parabolic rally tends to follow BTC’s halving event.…
The U.S. economy continues to show little sign of slowing down, with the government Friday morning reporting 275,000 jobs as having been added in February versus expectations for 200,000. January’s originally reported blowout job growth of 353,000 was revised lower to a still respectable 229,000. The unemployment rate missed expectations, though, rising to 3.9% versus an anticipated 3.7% and January’s 3.7%. Bitcoin (BTC) rose a bit to $67,650 in the immediate aftermath of the report. Traditional markets for now are showing little reaction to the new numbers, with U.S. equity futures, bond yields and the dollar modestly lower. Coming into…
The native token of Solana-based decentralized exchange (DEX) aggregator Jupiter surged Thursday, apparently aided in part by the platform’s rollout of an incentivized voting mechanism for community members to choose which tokens will next debut via its launchpad. JUP is up 35% in the last 24 hours to almost $0.78 at writing, according to CoinGecko. The pump has pushed the token’s market cap back over $1 billion after being below that mark across all of February. The jump, the steepest in the token’s brief five-week history, appears due in part to Jupiter’s debut today of an elaborate community governance initiative…
On Mar. 5, Bitcoin reached the all-time high it posted in November 2021, breaking through $69,000 in the late afternoon UTC. However, Bitcoin’s stint at its ATH was extremely brief and was quickly followed by a sharp 14% correction that pushed its price down to $59,300. In the early morning of Mar. 6, BTC regained some of its lost footing but struggled to stabilize at $66,000. The market’s intense price volatility on Tuesday, Mar. 5, translated to record-breaking trading volumes across centralized exchanges. With little data on the volume seen on OTC desks and a lag in data availability from…
Undoubtedly, one of the prerequisites for the mass adoption of blockchain technology is secure and seamless cross-chain interoperability. Many potential applications, particularly in complex and regulated sectors, simply can not be deployed without common guidelines and interface definitions. Without these, as is currently the case, applications that aim to go cross-chain must rely on custom off-chain components and automatically inherit the accompanying risks and trust assumptions. The only alternative is to remain constrained to a single, isolated network. Today’s interoperability solutions – or “bridges” – have matured to the point where just about any two blockchain networks can be connected.…
US Securities and Exchange Commission (SEC) Chairman Gary Gensler has not yet given a clear indication as to whether the agency will approve spot Ethereum ETFs. During a recent interview with Yahoo Finance, Gensler was asked about the approximately ten firms that have filed for the spot Ethereum ETF product. He was also asked whether he considered the summer court decision regarding Grayscale to be “precedent-setting.” “I don’t want to prejudge any application, and as you said, we have 10 applications in front of us,” Gensler said and added: “So as always, I’m not going to prejudge this. But to…