Author: NBTC
Bitcoin (BTC) broke many milestones this week with one of the records featuring the retest of the $46 billion trading volume for the first time since 2021. According to data from crypto market data platform Kaiko, the aggregated Bitcoin trading volume on March 5 came in at $46.25 billion, as traders troop into the market amid Bitcoin’s recent ATH price of $69,170.63. #Bitcoin trade volume crossed $46 billion yesterday, its highest level since 2021. pic.twitter.com/YXIEwZgI5S — Kaiko (@KaikoData) March 6, 2024 The Bitcoin trade volume has had a series of upheavals since the start of this month, with March 1…
Staking cryptocurrencies has emerged as a favored avenue for investors seeking passive income. However, the conventional staking model often constrains assets, hindering their utilization in other decentralized finance (DeFi) activities. Liquid staking protocols like Swell aim to revolutionize this landscape by offering a solution that unlocks the full potential of staked assets. What is Swell? Swell is a Decentralized Finance (DeFi) protocol that pioneers liquid restaking for Ethereum (ETH) holders. Unlike traditional staking methods that immobilize ETH until the staking period concludes, Swell enables users to deposit their ETH and receive a liquid staking token (LST), presently named rswETH. This…
Blackrock has hired GSR research analyst Matt Kunke as a Digital Assets Product Strategist. The appointment comes at a time when the Ethereum ETF approval resides near and Blackrock aims to improve its crypto ETF offering to customers. Blackrock Hires Matt Kunke Matt Kunke, a former GSR research analyst, was brought on by BlackRock as a product strategist for iShares digital assets ETFs. According to his LinkedIn profile, Kunke started serving at Blackrock in February 2024. The appointment seems a little important as Kunke had previously placed a 75% bet on the approval of spot Ethereum ETF, something that Blackrock…
China’s Shandong Province has introduced a digital yuan loan program for entrepreneurs, a step towards integrating digital currency in regional business practices. According to Beijing Business Today, Shandong’s capital city Jinan recently facilitated a digital yuan entrepreneurial guarantee loan in the province and launched the online system “Ji Dan – Entrepreneurial Loan” to streamline access to capital for small businesses. Shandong Pioneered in Digital Yuan Loans The loan, capped at 200,000 yuan (~$28,000), was the first to benefit startup companies in Shandong. Previously, China Construction Bank’s Shanghai branch partnered with the Shanghai Data Exchange and issued the first data asset…
The Shiba Inu price experienced a glitch on America’s largest exchange Coinbase amid a bout of selloffs, leading to a momentary 55% slump from $0.000044 to $0.00002. Shiba Inu (SHIB) investors on Coinbase experienced an anomaly in the price of the token today amid the latest uptrend that has seen it battle the $0.00004 price territory. SHIB began its upward momentum on Feb. 26, soaring from $0.00000968 to the $0.000022 level on March 2 before facing resistance. The crypto asset resumed the uptrend this week, transcending the $0.00002 territory to close yesterday at $0.00003599 amid a 59.67% intraday gain. SHIB’s…
Binance, one of the world’s leading cryptocurrency exchanges, announced that it supports upcoming Optimism (OP) and Arbitrum (ARB) network upgrades and Hard Forks in order to provide the best user experience. Binance Announces Support for Optimism (OP) and Arbitrum (ARB) Network Upgrades and Hard Forks The Optimism (OP) network upgrade and Hard Fork is scheduled to occur at approximately 03:00 on March 14, 2024, at block height 1,710,374,401. To facilitate a smooth transition, Binance will temporarily suspend token deposits and withdrawals on the Optimism (OP) network starting at 02:00 on March 13, 2024. Similarly, the Arbitrum (ARB) network upgrade and…
The Dutch Central Bank revealed today that it hit the crypto exchange Crypto.com with a €2.85 million ($3.1 million) fine after failing to register for two years, breaking money laundering and terrorism financing laws. Crypto.com, registered as Foris DAX MT Limited, was fined by the Dutch Central Bank (DNB) on October 2, 2023, after it failed to register with the bank between May 2020 and November 2022. This period of non-compliance from Crypto.com was described by the DNB as ‘very severe,’ and led to the bank increasing the fine. The DNB also considered the number of Crypto.com’s customers and its…
Kyle du Plessis, a renowned crypto market analyst, has highlighted that Bitcoin fell by nearly $10,000 in one day during a flash to the downside. Plessis noted that the price drop led to mass liquidation, even though most cryptocurrencies are making impressive recoveries. In a recently uploaded video, the analyst highlighted around $1 billion in liquidations on the long side, marking the largest liquidation cascade in the last six months. Plessis noted that funding rates increased massively, while most altcoins continue to exist in the discount levels from the daily charts’ perspective. According to Plessis, the price dip could represent…
Planet ReFi has committed a hefty investment of $500,000 in ZIG coin, the native token of the Zignaly social trading platform. This investment marks Planet ReFi’s foray into harnessing artificial intelligence (AI) to enhance its DAO treasury management. With sights set on achieving an ambitious $100 million in revenue for the year, Planet ReFi aims to leverage the investment returns to substantially boost the protocol’s revenue, benefiting its token holders through a meticulously designed income distribution program. 🌐 $PLANET is diving deeper into #AI, investing $500,000 in #ZIG Coin! 🚀We’re collaborating with @Zignaly for AI-driven DAO treasury management, aiming for…
While meme cryptocurrencies were often considered symbols of a “just for fun” ethos and decentralization in its purest form in their early days, the status quo has changed in recent months. New data demonstrates that the largest whales might be the core beneficiaries of the meme crypto frenzy. SHIB, MEME, BABYDOGE: Whales concentrated power Five large stablecoins – Dogecoin (DOGE), Shiba Inu (SHIB), Floki (FLOKI) Baby Doge Coin (BABYDOGE) and Memecoin (MEME) – are dominated by whales. For each cryptocurrency on the list, the top 10 wallets are responsible for over 50% of the circulating supply. Tis’ the season of…