Author: NBTC

According to Bloomberg, the collapsed cryptocurrency exchange Mt. Gox, which once handled 70% of all Bitcoin transactions globally, might be inching closer to distributing $9 billion worth of Bitcoin to its creditors. This development marks a critical turning point in one of the longest and most intricate sagas in the history of cryptocurrency. Mt. Gox, formerly the world’s largest Bitcoin exchange, was hacked in 2011 and declared bankrupt in 2014. The collapse sent shockwaves through the cryptocurrency industry, leaving many investors out of pocket, with significant amounts of Bitcoin lost or stolen. According to Arkham Intelligence, the bankrupt cryptocurrency exchange…

Trading platforms offer a variety of options for users, but few specialize in decentralized perpetual futures. dYdX stands out in this niche, providing users with an innovative platform for perpetual trading, characterized with high transaction speed, low fees and numerous possibilities for DYDX token holders. It is also perfectly suitable for newbie traders, simplifying the DeFi experience and making the transition from centralized exchanges seamless. The recent developments in dYdX’s offerings make it an ideal choice for those looking to explore decentralized finance (DeFi) with ease. This guide is designed to help beginners navigate dYdX and its features, providing the…

Bitcoin’s NodeMonkes led the non-fungible token (NFT) market in daily sales with US$876,936 on Thursday. NodeMonkes rose 21% from the previous day’s sales total of US$725,058. It was the third best-selling collection on Wednesday. Thursday’s sales total pushes NodeMonkes’ all-time sales volume to US$215.16 million. It’s ranked as the top NFT collection in the Bitcoin network and is less than US$1 million away from overtaking CyberKongz for the 26th spot in the market, CryptoSlam data shows. CryptoPunks, an Ethereum collection, led the market for two straight days this week but fell out of the top 10 on Thursday with sales…

Bitcoin (BTC) is navigating the post-halving phase, facing resistance below the last all-time high. As the crypto continues to find its footing, a section of the market believes that Bitcoin is in line to embark on a post-halving rally, an element backed by several analysts. For instance, crypto trading expert TradingShot acknowledged in a TradingView post on April 22 that Bitcoin is at a critical juncture, struggling to surpass and sustainably close above its record-high resistance. According to the analyst, the pattern has been marked by a period of sideways consolidation, and while it might suggest bearish sentiments, history suggests…

Morpho Labs, a leading decentralized finance (DeFi) platform, has launched a revolutionary solution, Public Allocator. This new feature helps in liquidity management in the decentralized finance ecosystem by providing liquidity to borrowers at the right time by reallocation of assets across various markets. 1/ Today, we unveil the Public AllocatorA new feature that provides borrowers with just-in-time liquidity by reallocating liquidity between markets to increase the borrowable liquidity on a selected market. pic.twitter.com/Vg05uGcfhw — Morpho Labs 🦋 (@MorphoLabs) May 10, 2024 Morpho Labs’ Public Allocator to Streamline Liquidity Redistribution The Public Allocator is a distinct contract in the Morpho Labs…

Animoca Brands, a leading blockchain investment firm, has recently unveiled significant updates to its Mocaverse Non-fungible Token (NFT) collection. This development is aimed at enhancing the interoperability across various Decentralized Applications (DApps) and blockchain networks. The initiative is a response to the community’s numerous requests for Animoca to develop a dedicated chain for the expansive Animoca ecosystem. However, the firm maintains its chain and ecosystem-agnostic stance, which has been a fundamental principle since its inception. Over the years, Animoca Brands has made strategic investments in a myriad of organizations to bolster the Web3.0 ecosystem. The firm now plans to integrate…

Recent updates revealed that more than 8,000 Runes etch have been created on Bitcoin since the fourth Bitcoin halving. As per Chinese crypto researcher Colin Wu’s post on his Wu Blockchain page on X, 1.4 million Runes-related transactions have been reported since then. Since the halving on April 20, more than 8,000 Runes etch have been created on Bitcoin, resulting in more than 1.4 million Runes-related transactions. The Runes with the highest number of holders currently is RSIC•GENESIS•RUNE, with more than 21,000 addresses. The number of… — Wu Blockchain (@WuBlockchain) April 23, 2024 Wu stated that the Runes with the…

Mt. Gox creditors recently noted updates on their crypto claims, which may mean payouts may be coming soon. The distribution of over $9 billion worth of BTC could “become a relevant negative price contributor in the next weeks,” K33 analysts said. The crypto market has mostly shrugged off last week’s correction, but there’s a possible catalyst ahead that could weigh on prices through the next few weeks, putting a rally higher in jeopardy. Crypto firm K33 Research said in a Tuesday report that Mt. Gox, a crypto exchange that imploded due to a hack in 2014, is gearing toward distributing…

For the 2024 US presidential election, cryptocurrency is probably very low on the list of priorities for most voters. Domestically, there are many important issues like abortion, student loans, AI, immigration, social media regulation, and healthcare costs. On foreign policy, there are multiple military conflicts vying for people’s attention: Russia vs. Ukraine, Israel vs. Palestine, or China vs. Taiwan – to name just a few. Nevertheless, while crypto is probably not a deciding issue for most, there is a small yet curiously growing Bitcoin maximalist community of single issue voters. Crypto broadly has also attracted some national attention – mostly…

Influencers from the crypto community on X were turned into a trading card game by the Blast-based game Fantasy.top. In the past four days, the cards related to these influencers reached 9,518 Ether (ETH) in trading volume, according to a Flipside dashboard created by user Hildobby. The cards’ power level is defined by how regularly the influencers publish with their X account, their follower count, and the reach of their tweets. Moreover, the more an influencer card is used by players, the more they receive from Fantasy.top. The power levels are based on the last seven days. Image: Fantasy.top Fantasy.top…