Author: NBTC
peaq, a leading DePin platform in the Web3 space, has made headlines with its recent token launch on CoinList, securing an impressive $20 million in funding. This launch marks the largest event on CoinList in over two years, with over 14,500 community members contributing over $36 million in total. This has made it both the largest raise and the launch with the highest amount of contributed funds on CoinList in recent memory. peaq has secured $20 million in the largest @CoinList launch in 2+ years 🎆Over 14,500 community members contributed over $36 million to oversubscribe peaq’s token launch on @CoinList,…
Ethena (ENA), the synthetic U.S. dollar protocol built on the Ethereum network, recorded a significant surge as a renowned crypto researcher predicts a 100x rise during an anticipated altcoin season. ENA is up 13.5% in the past 24 hours and is trading at $0.90 at the time of writing. The asset’s market cap is approaching the $1.3 billion mark, making it the 67th-largest cryptocurrency. ENA 24-hour price chart | Source: CoinMarketCap Quite similarly, Ethena’s daily trading volume surged by 22.5%, currently hovering at $285 million. The latest uptick in the surge of ENA tokens comes as renowned crypto researcher Alex…
We find ourselves in a strange interregnum for crypto policy in the United States. On one side, Securities and Exchange Commission Chair Gary Gensler is ramping up an all-out war against the crypto industry, accelerating enforcement actions and saber-rattling, perhaps in anticipation of being replaced after November’s elections. The aim seems straightforward: Let’s do as much damage to crypto while we have the chance. On the other side, a growing bipartisan group in Congress is working, ploddingly, towards new crypto-focused legislation in an acknowledgment that the current status quo is untenable. The slow and steady legislative pace gives Chair Gensler…
Ether’s sell-off has stalled at an upward-sloping trendline, characterizing the rally from October lows. The immediate resistance is seen in the range of $3,180-$,3225. Ether’s (ETH) sell-off has stalled, with bears hitting a brick wall characterized by an upward-sloping trendline drawn off October and January lows, according to charting platform TradingView. The bears’ inability to penetrate that bull-market trendline since Monday suggests they might have to back up a bit and allow a price bounce before making another attempt at extending recent declines. The native token of the Ethereum blockchain has dropped more than 15% to $3,000 from highs near…
On April 3, 2024, the European Securities Market Authority (ESMA) sent an update letter to the European Commission and other EU institutions on the uptake of distributed ledger technology by financial market infrastructures in the context of the DLT Pilot Regime (Regulation (EU) 2022/8581 ). This letter was sent and published instead of an interim report that ESMA is required to publish (see Article 15 of the DLT Pilot Regulation). ESMA must publish annual interim reports to (i) inform market participants on market functioning, (ii) address misconduct by DLT market operators, (iii) clarify Regulation applications, and (iv) update guidance based…
Shiba Inu outlines its participation in the TOKEN2049 conference, emphasizing its dedication to shaping the financial landscape alongside its community members. The team behind the Shiba Inu ecosystem has taken to X to recount its achievement in Dubai at the just-concluded TOKEN2049 conference. 🧵 1/ #SHIBArmy what an exhilarating time we had at @token2049 in Dubai this April! As gold sponsors, we were right in the thick of it all, sparking engaging discussions and demonstrating the sheer potential of decentralization. Here’s a look back at our remarkable journey at… pic.twitter.com/MwP8j6PdAd — Shib (@Shibtoken) May 5, 2024 For context, the first…
A House proposal to revoke the U.S. Securities and Exchange Commission’s Staff Accounting Bulletin 121 is likely to pass through the Senate in a vote on Thursday, multiple people familiar with the situation told CoinDesk. A Senate source familiar with the situation told CoinDesk they expected a floor vote on Thursday in the late morning, and the bill was in a “good position” for passage. “There’ll likely be more than one Democrat voting for it,” the individual said. SAB 121 intended to explain how businesses should account for crypto assets, saying they should hold these assets on their own balance…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The Bitcoin network’s security is based on the addition of new blocks to the chain, which miners are financially incentivized to produce. In turn, miners’ revenues comprise the transaction fees for all transactions included in a block that they mine as well as a block subsidy. You might also like: Runes is making Bitcoin fun and accessible again | Opinion However, the block subsidy will not last forever: it is halved every four years (most recently on…
Bitcoin has left a trail of $255 million worth of liquidations in its wake after it suddenly plummeted to $61,000 yesterday and took the rest of the market with it. The Bitcoin price has shown some signs of recovery since yesterday, hitting a peak of just under $63,000 early Thursday. BTC is currently changing hands for around $62,750, down only 0.1% in the past 24 hours and 11.1% lower than it was this time last week, per data from CoinGecko. The broader crypto market has moved on a similar trajectory; the global crypto market capitalization is now only 0.1% lower…
Coinbase has stated that the Ethereum crypto could bring positive surprises in the coming months. According to the report, it is unlikely that the cryptocurrency will be replaced as the center of decentralized finance. The market may underestimate the timing and likelihood of a possible approval of a US ETF on spot Ether. Let’s see all the details below. Coinbase Report: no excess supply for the Ethereum crypto Coinbase regarding Ethereum ETFs Possible bounce back after the sell-off, according to TradingView Coinbase Report: no excess supply for the Ethereum crypto As anticipated, Ethereum (ETH) has had a lower performance compared…