Author: NBTC
The meme coin Dogwifhat (WIF) has skyrocketed, surging over 100% from a mere $1 to over $2 in just 12 hours. This surge pushed it to all-time highs. Now, its market capitalization exceeds $2 billion three months after its launch. Crypto Whales Buy The WIF Dip Crypto whales quickly noticed the price dip, seizing the opportunity to accumulate WIF at low prices. Notably, the on-chain analytics platform Lookonchain highlighted significant purchases by these investors. One crypto whale, with the wallet address 87Hnwj, spent $5 million for 2.97 million WIF at an average of $1.69. Another wallet – GjRacG, invested $1.93…
Singapore – Oobit, a leading mobile payment app, has partnered with VeChain to integrate VET (VeChain Token) into its platform, marking a significant leap toward advancing the adoption of cryptocurrencies for sustainable everyday payments.—The collaboration aligns with VeChain’s commitment to environmental, social, and governance (ESG) initiatives, envisioning a future where blockchain and digital assets drive sustainable practices across industries.With 72.7 billion out of 85.9 billion VET in circulation, the integration of VET into Oobit’s Tap & Pay feature enables users to utilize it for everyday transactions and contribute directly to VeChain’s ESG aspirations. Users engaging with sustainability-focused dApps through VeBetterDAO…
The price of Bitcoin has skyrocketed in different regions, some of which face daunting fiat currency devaluation. Turkey, whose BTC prices were 1.3% higher than global spot prices in July, saw its inflation rise to almost 70% in January, while Bitcoin’s price in South Korea is up an astonishing 10.23%. On March 6, exchange rates for fiat currencies in Egypt and Turkey fell as central banks tried to contain inflation, while South Korean crypto traders benefited from strict forex controls. How the Lira’s Decline Drove Crypto Adoption Turkish inflation rose to 67.07% in January, dashing hopes of a pause in…
Sui’s blockchain architecture is designed for scalability, which is essential for supporting the rapid growth of DeFi platforms. The team behind Solend, a top lending platform on the Solana blockchain, announced today the launch of their new DeFi lending and borrowing protocol powered by the Sui blockchain. Named “Suilend,” the new project is built using the Move programming language, capitalizing on Sui’s high performance and advanced tooling capabilities. @SuilendProtocol is now live on Sui! The @solendprotocol team went from “building a cathedral with chisels and hammers” to building “rocket ships” on Sui with #Move. Give them a warm welcome and…
According to a tweet published by Bitgrow Lab founder @Vivek4real_, an anonymous crypto whale has transferred a mammoth-sized amount of Bitcoin – 23,785 BTC worth a whopping $1.58 billion in fiat. Someone just moved 23,785 #Bitcoin worth $1.5 billion 👀 pic.twitter.com/CEDkkLQ8ov — Vivek⚡️ (@Vivek4real_) March 7, 2024 Cryptocurrency transactions are usually made much quicker than via a traditional bank and reach the destination wallet in less than an hour unless there are technical difficulties with validation. Besides, they fees charged for them are usually tiny unlike with banks. Transferring 1.5 billion dollars via a bank would take several days and…
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…