Author: NBTC
El Salvador – one of the smallest and most densely populated countries in Central America – may eventually become one of the wealthiest countries in the world because of its Bitcoin holdings. For context, the country became the world’s first nation to accept Bitcoin as legal tender in September 2021. Then, on November 16, 2022, El Salvador’s President Nayib Bukele announced that the government would start purchasing 1 BTC per day. Although President Bukele’s decision was met with criticism, it has been reported that the Bitcoin held by the government of El Salvador – which consists of over 2,000 BTC…
ShapeShift CEO and Founder Eric Voorhees recently raised concerns about the decentralized finance (DeFi) arena by pointing out the extraordinary returns being generated by stablecoins such as Tether (USDT) and (USDC) on platforms like Compound. This statement comes amid the latest update on SEC and ShapeShift fiasco that witnessed the latter paying a fine. ShapeShift CEO Highlights Exorbitant USDT & USDC Returns On Compound The ShapeShift CEO highlighted that stablecoins like USDT and USDC have attracted about 20% to 30% returns from collateral loans on Compound. In a tweet, Voorhees remarked, “Trustworthy stablecoins (USDT, USDC, etc) across defi are earning…
The activity in PulseChain and PulseX-related wallets, founded by Richart Heart, the producer of the altcoin HEX, which the US Securities and Exchange Commission (SEC) filed a lawsuit against for allegedly selling unregistered securities, continues. PulseChain and PulseX, which have accelerated their Ethereum purchases in recent days, made another ETH purchase today. According to Spot on Chian’s post, wallets linked to PulseChain and PulseX spent more than 201 million DAI to purchase 51,809 ETH in the last 10 hours. With this large purchase, the price of ETH rose above $ 3,900. “Wallets on PulseChain and PulseX spent more than 201…
An avenue to get Shiba Inu ecosystem token BONE on Binance, the most prominent crypto trading platform, has emerged, with community members rallying to support the process. Bone ShibaSwap (BONE), the gas token of L2 blockchain Shibarium, has yet to be listed on Binance despite constant calls from enthusiasts. Interestingly, the SHIB Army has found an opportunity to have BONE listed on Binance, calling on one another to join the movement. Leading this voice is Shiba Inu content specialist Lucie. In a recent post on X, Lucie called on Shiba Inu community members to vote for BONE’s listing via the…
A widely followed crypto analyst is reacting as king crypto Bitcoin (BTC) sets a new record all-time high. According to CoinGecko, BTC reached a new all-time high of $69,255 earlier this morning. In response, crypto trader Michaël van de Poppe says this is the first new all-time high before Bitcoin’s halving, a pre-programmed event that occurs every four years designed to cut the BTC rewards to miners in half. “BREAKING: Bitcoin reaches a new all-time high at $69,500. The first time we’re seeing a new all-time high pre-halving.” The next BTC halving is expected next month. According to Van de…
ArthSwap, a prominent DAO that operates on Astar Network, has recently announced the launch of its v3 farming. As per the company, the v3 farming is now beginning on Polkadot-based layer-1 Ethereum Virtual Machine (EVM) to distribute ARSW among the liquidity providers. The distribution would take reportedly place through Steer Protocol to facilitate the pools that it nominated in the recent vote. Finally, v3 Farming on @AstarNetwork EVM (Substrate L1 EVM on @Polkadot) is starting!🔥$ARSW will be distributed to liquidity providers through @steerprotocol for the pools selected in the recent vote.Here’s how to join👇https://t.co/wL9n3lq5Tj — ArthSwap (@arthswap) March 9, 2024…
Ethereum, the largest smart contracts network in the industry and second-largest cryptocurrency, has been flirting with the $3,800 level for two days now, following a majestic recovery from this week’s lowest point of $3,224. Despite a 2.5% decline across 24 hours, Ethereum price boasts a commendable 8% increase in value in the last seven days. A 48% drop in the trading volume to $26 billion alongside a 2.45% decline in the market cap according to CoinMarketCap data, underscores weakening interest possibly due to the unresolved stand-off between the bulls and bears at $3,800. Ethereum Price Prediction: ETH Technical Structure Points…
According to Decrypt, Conflux Network, known as China’s MATIC, introduced the Hong Kong Dollar-Backed Stablecoin AxHKD. Conflux Network, the only regulated public blockchain in China, today announced its pivotal role in assisting with the successful beta testing of the Hong Kong Dollar (HKD)-backed stablecoin AxHKD. Created by local fintech company AnchorX, the stablecoin will be launched first on the Conflux network, followed by the Ethereum (ETH) network. AxHKD will initially be launched on the Conflux public blockchain and will use world-class distributed ledger technology and robust cybersecurity measures, the statement said. It was also stated that it will be pegged…
Gate.io has announced its support for the migration of $SOULS tokens. The move comes after The Unfettered project experienced a hacking incident. The token swap will happen in a ratio of 1:1. Gate.io will support the swap services via a new ID. Users of Gate.io who already hold the token will not have to do anything from their side. At the time of drafting this article, the exchange platform had disabled $SOULS token deposits and withdrawals. The said services will resume after the migration process has concluded. A tentative timeline has not been shared; however, Gate.io is expected to make…
BlackRock, the largest asset manager in the world, has witnessed a dramatic increase in its holdings of Bitcoin (BTC). The amount invested by the company in Bitcoin is now at a remarkable figure of $12.3 billion. The growth is mainly due to the historic inflows into the BlackRock iShares Bitcoin ETF (IBIT). Based on the information from Arkham Intelligence, BlackRock recorded the highest-ever one-day on-chain inflow last week. This came in the form of 12,600 BTC, worth $842 million. BlackRock iShares Bitcoin ETF led this surge, with inflows reaching levels that have never been observed before, even surpassing previous daily…