Author: NBTC
A recent paper by Austin Adams, a researcher at Uniswap Labs, contends that swapping and liquidity provisions on layer-2 networks are significantly cheaper than on Ethereum’s mainnet. According to the paper, chains like Arbitrum created over three times more liquidity positions this past year than Ethereum. The report further shows that, when looking at USDC/ETH pools, 97.5% of swappers with trades under $125,000 did better on layer-2s than on Ethereum mainnet. Read more: Uniswap releases new tools for swappers This is likely because retail swappers, with trades under $125,000, are much more likely to benefit from the lower gas costs…
Bitcoin experienced a notable price adjustment, declining nearly 9% following its ascent to a record-setting pre-halving all-time high. The leading digital currency, which captured significant attention for its surge to $69,324, subsequently corrected to roughly $64,580 within an hour — illustrating the market’s volatility. Bitcoin price action has remained subdued under pressure, with the flagship crypto trading at $63,151 as of press time, giving up most of the gains accumulated since the start of the week. New ATH before halving The event marked a significant moment in Bitcoin’s history, as it set a new all-time high before an anticipated block…
LONDON, March 14 (Reuters) – A total of 134 countries representing 98% of the global economy are now exploring digital versions of their currencies, with over half in advanced development, pilot or launch stages, a closely-followed study on Thursday showed. The research, opens new tab by the U.S.-based Atlantic Council think tank highlighted that all G20 countries with the exception of Argentina are now in one of those far-along phases although, notably, the United States is falling increasingly behind. While still inching forward on a banks only “wholesale” digital dollar, one for the wider U.S. population now looked “stalled” the…
After a week in which the Bitcoin price experienced a huge rally in the cryptocurrency market and approached the all-time high price record of $ 69,000, a large number of token lock openings will be held in many altcoins next week. Here is the weekly token unlocking calendar we have prepared for you as Bitcoinsistemi.com. (All times are prepared with UTC+3 Türkiye time) Near (NEAR) Market Value: $4.52 billion Amount of Tokens to Unlock: $1.10 million (0.02% of Market Cap) Date: 4 March 2024, 03:00 WazirX (WRX) Market Value: $116.81 million Amount of Tokens to Unlock: $9.18 million (7.86% of…
The Federal Government of Nigeria, under President Tinubu‘s administration, has sought an extension of the detention of two Binance officials. The Economic and Financial Crimes Commission (EFCC) went to the magistrate’s court in Abuja seeking a new order to extend the detention of the US citizen Tigran Gambaryan and the British Kenyan Nadeem Anjarwalla. This is one of the developments in Nigeria’s wide crackdown on cryptocurrency platforms. Gambaryan and Anjarwalla have been in custody for the last fortnight. The EFCC seeks further remand of the individuals while investigations are in progress. The first court decree permitting their confinement expired on…
The Elderberry upgrade is now positioned live on Polygon zkEVM Mainnet Beta, signaling a noteworthy improvement in the network’s capabilities. The Infra providers will be required to update the new versions of node and prover. The step has been taken in favor of the mass adoption of Web3. Elderberry comes with essential maximizations pertaining to the ROM that help lessen specific out-of-counter mistakes on the network. Added to that are certain corrections to the new Etrog upgrade. It can be compared to Ethereum’s EVM Interpreter, which interprets the execution logic of transactions. Besides, it also interprets opcodes for Polygon zkEVM.…
Bernstein initiated coverage of Robinhood (HOOD) with an outperform rating and $30 price target. The broker expects total crypto market cap to grow almost threefold to $7.5 trillion by 2025. It said bitcoin spot ETF assets under management could climb as high as $300 billion by 2025. Bernstein initiated coverage of trading platform Robinhood (HOOD) with an outperform rating and a price target of $30, citing a “monster” crypto cycle as the reason for the bullish call, the broker said in a research report Thursday. “We expect total crypto market cap to reach $7.5T by 2025 versus $2.6T today,” and…
The stablecoin sector experienced a $3.26 billion expansion within the last eight days, climbing from $140.82 billion to $144.08 billion by Sunday, March 3, 2024. During February, increases in supply were observed in four of the top five stablecoins by market cap, with FDUSD’s supply growth leading amongst the five. Stablecoin Economy Rises 2.31% in a Week While PYUSD and USDP Witness Sharp Supply Drops in February This past week and throughout the month of February, stablecoins have witnessed substantial growth. From Feb. 24, 2024, the stablecoin market’s worth escalated by $3.26 billion, marking a 2.31% rise. As of Sunday,…
The latest upgrade is expected to significantly reduce transaction costs and unlock new use cases. Offchain Labs, the core developer behind Arbitrum, has announced the successful activation of the ArbOS 20 upgrade, known as “Atlas,” on the Arbitrum network. The upgrade provides Ethereum’s Dencun support with the implementation of blobs to achieve efficient data processing at a reduced cost. With the Atlas upgrade now operational, Arbitrum is set to implement further reductions in execution transaction fees on March 18. The blobs have landed on Arbitrum! 💙 🐡 ArbOS 20 “Atlas” is now live, blobs are in effect, reducing data posting…
Immediately after today’s rally in Bitcoin, which enabled some cryptocurrency exchanges, including Coinbase, to exceed their all-time highs, a sudden decline occurred in the BTC price. The sudden decline after the new record of $ 69,324 on Coinbase resulted in a loss of more than 12% at the time of writing, and BTC is currently traded at $ 60,414. BTC fiyatında son saatlerde yaşanan büyük düşüşü gösteren dakikalık mumlara sahip olan fiyat grafiği. On the other hand, this huge volatility caused large amounts of liquidations from cryptocurrency investors holding both long and short positions. According to data, $1.11 billion was…