Author: NBTC
The infamous cryptocurrency exchange Mt. Gox has once again hit the headlines , as significant transfers from its cold wallet have begun. In just the past few hours, over 107,000 BTC worth over $7.2 billion has been transferred in several tranches to an unknown address. While massive withdrawals have been made, the Mt. Gox wallet still holds more than 30,000 BTC, which is worth about $2 billion at current exchange rates. This activity comes ahead of the promised distribution of funds to creditors by Oct. 31, 2024. The sudden transfer of such a huge amount of Bitcoin has caused concerns…
Nexo announced an integration with The Tie to enhance its platform with real-time analytics for its users. The integration allows Nexo users to access various indicators, including X (formerly Twitter) statistics, on-chain activity, gas fees, ownership distribution, and detailed asset descriptions. The action aligns with Nexo’s goal of making data accessible to all and enhancing the trading experience for users. Elitsa Taskova, Nexo’s Chief Product Officer, emphasized the importance of equipping users with tools to understand market dynamics, given the $4.29 trillion trading volume on centralized exchanges in the first quarter of 2024. “This integration brings institutional-grade analytics to the…
The Sandbox has announced the launch of The Sandbox DAO, its global community. In order to determine the future of the open metaverse, the corporation encourages citizens to propose and participate in governance decisions. Built on blockchain technology with Web3 components and NFTs, The Sandbox ecosystem has more than five million users and aspires to be owned and operated by the community it serves. The company has delivered The Sandbox DAO for the upcoming open metaverse. This will provide users with the opportunity to participate in platform-related activities. This allows the Sandbox community of participants, owners, creators, and brands to…
On January 10, 2024, the U.S. Securities and Exchange Commission (SEC) approved multiple applications for spot Bitcoin ETFs. On day one, $4.6B in shares were traded, with cumulative trading volume exceeding the $50B mark by February 22. The ETF approval in the U.S. is expected to have a far-reaching impact across Asian markets where investment flows are already significant, especially in institutional investing, and picking up pace. The question on the minds of observers, investors, and industry participants is: “What’s next?” By taking stock of what has happened in the US and as we look East, we can better understand…
Ethereum price is again moving higher above the $3,800 resistance. ETH is now consolidating near $3,850 and is eyeing an upside break above $4,000 in the near term. Ethereum started a fresh increase above the $3,750 resistance. The price is trading above $3,750 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up unless there is a break below the $3,540 support. Ethereum Price Remains Supported for More Upsides Ethereum price remained stable above the…
Panos Mekras, co-founder of Anodos Finance, recently took to the X social media network to clear up the main misconceptions about the XRP Ledger’s Automated Market Maker (AMM) feature. As noted by Merkas, providing liquidity should be seen as a separate income strategy, meaning that users do not have to add the XRP tokens that they intend to hold. “As a liquidity provider, you care about income and fees earned by the trading activity. It’s better if you don’t care if you end up with more on one side and less on the other. Total profit is what matters,” he…
Unlike banks, which require know-your-customer (KYC) information prior to opening an account, a significant number of crypto exchanges offer tether (USDT) bonuses for submitting KYC information like name, address, ID card, and contact information. To be clear, these KYC bonuses are not account opening bonuses. In many cases, crypto exchanges allow customers to open small accounts and trade without submitting any KYC information. Moreover, the tether bonus doesn’t require any bank-like task, such as signing up for direct deposit or holding a large initial balance. Rather, this tether bonus is simply for submitting a valid ID card. Therefore, although it’s…
peaq, a leading layer-1 blockchain for Decentralized Physical Infrastructure Networks (DePIN) and Machine Real-World Assets (RWAs), announces the integration of DATS Project into its ecosystem.— DATS Project is pioneering a decentralized cybersecurity network composed of over 1,000 computers that pool their computational power and bandwidth to create a robust cybersecurity engine. Participants in this network earn rewards for their contributions while providing a range of security services to both Web3 and Web2 clients, including simulated attacks and vulnerability scans. As part of this integration, DATS Project will deploy its DePIN on peaq and launch its native token on the platform.With…
Bitcoin and other major cryptocurrencies experienced a sharp decline yesterday, disrupting levels that have been consistent for most of this week. The upcoming Bitcoin halving event, which will reduce the token supply, is seen as an important trigger for cryptocurrencies. “Bitcoin seems to have seemingly lost direction,” said Yuya Hasegawa, an analyst at crypto exchange Bitbank. Despite the uncertainty surrounding the FED’s future interest rate decision, Hasegawa believes Bitcoin has the potential to test $74,000 in the short term. The halving event, a scheduled change in Bitcoin’s monetary policy scheduled for around April 20, will halve the issuance of new…
Arthur Cheong, founder and CEO of Defiance Capital, has predicted that the price of Ethereum (ETH) could potentially hit $4,500 even before the launch of spot ETFs. At press time, Ether is trading at $3,885 after adding 3.6% over the past 24 hours, according to CoinGecko data. As reported by U.Today, the SEC greenlit 19b-4s listing requests from a slew of Ethereum ETF issuers last week in a stunning U-turn. Prior to that, leading ETF industry analysts as well as major banking players of the likes of Standard Chartered claimed that these products were unlikely to be approved. After the…