Author: NBTC

The Ethereum network continues to grow steadily, reaching new highs in validators and staked Ether this year, but this might not be the best outcome for the ecosystem going forward. According to the Beacon Chain, the amount of staked Ether has been growing yearly, increasing by over 6 million throughout 2024 and hitting a peak of over 34 million on Oct. 2. Lachlan Feeney, founder and CEO of Ethereum infrastructure firm Labrys, told Cryptopolitan the growth is steady because that’s what the system has been designed to incentivize. The Ethereum Network has more staked Ether and validators than ever, hitting…

In recent years, cryptocurrency has evolved from a fringe investment into a mainstream digital asset class that is increasingly being included in diversified portfolios. For investors looking to enhance their portfolio’s risk-adjusted returns, adding a crypto allocation can be a compelling strategy. A well-balanced portfolio that includes cryptocurrencies like bitcoin or ether has the potential to offer superior returns and a higher Sharpe ratio compared to traditional portfolios made up solely of equities, bonds, or other assets. Let’s break down why this is the case and look at metrics that demonstrate the advantages of including crypto from a risk/return perspective.…

Shiven Moodley, an on-chain analyst at Cryptoquant, spotted a disparity between The Open Network’s (TON) market capitalization and its circulating supply. Moodley believes this suggests that some TON tokens are either locked up or held for the long term, affecting liquidity. Evaluating Liquidity Dynamics on the $TON Network“The disparity between market capitalization and circulating supply may suggest that a portion of the tokens are either locked or held long-term, impacting liquidity.” – By @ShivenMoodley Read more 👇https://t.co/Jc0SvsXMDj pic.twitter.com/7Yfc08NFyg — CryptoQuant.com (@cryptoquant_com) September 23, 2024 Moodley highlighted TON’s impressive growth since August 2021, pointing to the project’s strong scalability, fueled by…

Uniswap is a decentralized exchange protocol that allows users to seamlessly swap between different tokens directly on the blockchain. Uniswap’s ease of use, combined with a non-custodial design that eliminates the need for intermediaries, have made it hugely popular among crypto enthusiasts. Is it illegal to use Uniswap in the USA? Some users are wondering if it is illegal to use Uniswap in the USA. The short answer is that it is completely legal to use Uniswap in the United States. There might be a scenario in the future where certain Uniswap front-ends (for example app.uniswap.org) block users from the…

Router Protocol has announced a new partnership with Soneium. This partnership aims to provide seamless access to the Soneium ecosystem. Users and developers can connect across 30+ EVM and non-EVM chains through Router Chain. This comprises Cross-chain Intent Adapters, Router Nitro, as well as a host of other cross-chain dApps that rely on Router’s ecosystem. The news was posted on the official X account of Router Protocol. We’re thrilled to announce the collaboration with @soneium! 🤝This integration will provide seamless access to the Soneium ecosystem for users and developers across 30+ EVM and non-EVM chains via Router Chain, including Router’s…

After weeks of turbulence, signs are emerging that Bitcoin might be approaching a crucial turning point. US-listed Bitcoin exchange-traded funds (ETFs) posted net inflows of $28.7 million on September 9, marking a reversal after a prolonged outflow streak that saw $1.2 billion leave the market. This is the first net inflow since late August, coinciding with Bitcoin’s price rebound of 6%. Bitcoin Buy Orders Get Filled, Signaling Local Bottom The renewed inflows suggest growing interest among professional investors. While ETFs have suffered since August 27, the return of inflows could be an early indicator of shifting sentiment. September is traditionally…

The Ethereum Foundation continues its strategic $ETH sales, offloading another 100 $ETH for $252,491 DAI just a few minutes ago. This transaction adds to the foundation’s cumulative total of 4,066 $ETH sold throughout 2024, accumulating $11.22 million at an average price of $2,760 per $ETH. The Ethereum Foundation further sold 100 $ETH for 252,491 $DAI ~10 minutes ago.So far in 2024, the Ethereum Foundation has sold 4,066 $ETH for $11.22M at an average price of $2,760. This includes 1,250 $ETH ($3.07M) sold in September and 300 $ETH ($759K) sold in October, with… https://t.co/NgKpgUWY98 pic.twitter.com/uBuQ1Ektjd — Spot On Chain (@spotonchain) October…

Central, Northern, and Western Europe made up 22% of global crypto volume between July 2023 and June this year, according to Chainalysis. Central, Northern, and Western Europe has emerged as the second-largest crypto economy globally, receiving $987.25 billion in on-chain value between July 2023 and June, blockchain forensic firm Chainalysis noted in a recent research report. Countries in CNWE by crypto value received | Source: Chainalysis This figure accounts for more than 21.5% of the total global transaction volume, with most CNWE countries witnessing a year-over-year growth rate of 44%. The analysts say the United Kingdom remains at the forefront…

For the past few months, the crypto community, and especially XRP enthusiasts, have been eagerly awaiting the launch of Ripple’s stablecoin, RLUSD. According to recent reports, including from the crypto company’s CEO Brad Garlinghouse, the launch of the new digital counterpart to the dollar could take place in just a few weeks. For now, however, Ripple USD is still in beta testing. The latest episode from this launch phase of the new digital asset was the burning of 24 RLUSD on the XRP Ledger (XRPL) blockchain and 64 RLUSD on the Ethereum-based blockchain. The fact that Ripple’s stablecoin will operate…

Regulators in India are considering banning cryptocurrencies like Bitcoin and Ether and are instead, promoting the use of the digital rupee. On Oct. 22, local media outlet the Hindustan Times cited two officials familiar with the matter who claimed that the government consulted with key institutions and regulators regarding private cryptocurrencies, including stablecoins, and concluded that the risks outweigh the benefits offered. Central Bank Digital Currencies can “do whatever cryptos do,” said one official, adding that “CBDCs have more benefits than cryptos, minus the risks associated with private cryptocurrencies.” Although the specific parties involved in the consultation were not disclosed,…