Author: NBTC
Ethereum cofounder Vitalik Buterin has made a significant move in the crypto space today, transferring 80 ETH (approximately $300,000) to coin mixer Railgun. This transfer marks the latest in a series of monthly transfers Buterin has made to Railgun over the past six months. Railgun, known for its privacy-focused coin mixing services, has gained attention within the crypto community for its ability to prevent malicious behavior and protect user anonymity. Buterin has been a vocal advocate of Railgun’s privacy pools protocol, which he believes significantly enhances user privacy by making it difficult for bad actors to compromise the anonymity of…
Chiliz (CHZ), a blockchain provider working in sports and entertainment, announced the activation of the “Dragon8” hard fork on the Chiliz Chain. According to the official announcement, this update brings a new tokenomic model and technological improvements. The hard fork in question will be launched on the mainnet on May 21, 2024. The hard fork envisages the full implementation of the previously announced Chiliz Chain Tokenomics 2.0. This new model has a structured annual inflation rate that starts at 8.80% and gradually decreases to stabilize at 1.88% after 14 years. In addition to the new tokenomics model, the hard fork…
The CEO of the crypto investment firm Galaxy Digital says Democrats are changing their tune on crypto as the 2024 US Presidential election approaches. In a new interview with CNBC’s Squawk Box, Mike Novogratz says the Biden administration is listening to the markets and shifting its standpoint on crypto. “But assuming, you know, the market is right, and the market is usually pretty smart, it feels like someone at the Biden White House made a call and said, guys, we can’t be the party against crypto anymore. I think that’s a seismic shift. If those things actually happen, prices are…
Bitcoin (BTC) has declined by 4.3% over the past 24 hours, resulting in a widespread collapse across the broader crypto market, as investors exit the market at breakeven on the back of the recent recovery push. The cryptocurrency market is witnessing a sharp decline following the latest rebound that saw multiple assets record double-digit gains. Bitcoin reclaimed the $66,000 price territory on April 15, with the global crypto market cap surging to $2.384 trillion. BTC price – April 16 | Source: Trading View However, following the $66,867 high yesterday, BTC witnessed a subsequent collapse, dropping to the higher spectrum of…
Finally, Ethereum is reaching at least some kind of an ATH. Unfortunately, we have a problem here: it is not the price ATH. But one way or another, it is something, considering the dull performance the second-biggest cryptocurrency has been showing. But do not fret, the price might catch up in the future. What even is open interest? It is the total amount of open contracts for the asset, like futures or options. The surge of OI usually suggests the overall growth of interest in the asset on the market. But do not rush to buy it yet since it…
Users of the Ethereum restaking pioneer Eigenlayer, many of whom are about to be rewarded with a massive airdrop of a new EIGEN token, are voting with their dollars. In response to what some have called Eigen Labs’ overly complicated white paper and relatively limited rewards, users have withdrawn about 150,000 ether (ETH), worth about $457 million, from the platform. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here. Eigen Labs, which recently raised $100 million from venture capital…
The US Securities and Exchange Commission (SEC) is reportedly on the verge of approving spot Ethereum exchange-traded funds (ETFs). This sudden change left companies trying to understand the SEC’s change of attitude in a difficult situation. Just two weeks ago, the SEC showed no interest in the filings, according to a source familiar with the matter. However, on Monday, the SEC’s trading and markets division notified exchanges that they would approve 19b-4s this week. This news coincides with reports from Barrons’ SEC staff indicating a trend toward approval. The source described the situation as “completely unprecedented” and suggested that this…
The broker said that ETFs are driving additional demand for the underlying crypto itself. Sovereign wealth funds are already likely invested in bitcoin, Canaccord said. More companies could follow MicroStrategy’s lead and start acquiring bitcoin, the report said. While there has been a lot of noise about how much assets under management (AUM) bitcoin (BTC) exchange-traded funds (ETFs) are attracting, it is now becoming obvious that these ETFs are driving additional demand for the underlying cryptocurrency itself, broker Canaccord Genuity said in a research report on Monday. The broker held its 2024 Digital Assets Symposium last Thursday and hosted leaders…
Grayscale’s Ethereum Trust (ETHE) discount has shrunk to under 10%, its lowest level since 2021, amid growing expectations for approving a spot Ethereum exchange-traded fund (ETF). As of May 21, market data from YCharts shows the ETHE discount rate has narrowed to 6.66%. The “discount” indicates when ETHE shares trade below their net asset value (NAV). ETHE began trading at a discount in early 2021 after Grayscale halted redemptions, reaching nearly 60% in late 2022. However, it started to narrow in 2023 as Grayscale secured significant legal victories against the US Securities and Exchange Commission (SEC) in its bid to…
Cryptocurrency research and development platform CryptoRank has announced the next candidates for the Launchpool projects that Binance has recently increased its frequency. In the company’s opinion, LayerZero, Monad and Xterio are among the most important altcoins that can be launched through Binance Launchpool and put tokens on the market. LayerZero is known as an interoperability protocol, Monad is a layer 1 chain, and Xterio is a GameFi-themed token. Renzo (REZ), the latest project of Binance Launchpool, disappointed with its performance despite the popularity of the restaking theme, with its current market value of $ 191 million. The low supply allocated…