Author: NBTC
Blockchain-focused Figure Technologies has secured $60 million in a bid to build a decentralized competitor to the largest centralized crypto exchanges. The company also looks to offer an alternative to stablecoins. Called Figure Markets, the new exchange seeks to use the Provenance blockchain — which Figure helped develop — to be a marketplace for a range of securities, including equities, fixed income, alternatives and crypto assets. Jump Crypto, Pantera Capital and Lightspeed Faction led the $60 million Series A funding round. Figure CEO Mike Cagney acknowledged that many exchanges have launched without much success in usurping the two titans in…
The Bitcoin (BTC) price rally seems to be absolutely unstoppable as the largest digital asset surges by another 8% pretty close to hitting its new all-time highs. At press time, Bitcoin is trading at $68,200 with a market cap of $1.340 trillion. With this, BTC’s gains on the weekly chart exceed 22%. Interestingly, the Bitcoin price has already touched new all-time highs in EUR. Bitcoin Price Rally to $70,000 And Above Likely? Insights from on-chain data provider Santiment indicate that Bitcoin’s current market value of $68.0K is remarkably close to its all-time high (ATH) of $68.6K, with just a 0.9%…
An ex-parte motion in Nigeria’s crackdown on Binance looks set to expose internal platform information to regulatory scrutiny. A Federal High Court in Abuja, Nigeria’s capital, has ordered Binance to turn over data on all its exchange users to the Economic and Financial Crimes Commission (EFCC) in an investigation into suspected money laundering, foreign exchange rate manipulation, and terror financing. In a March 18 court hearing, EFCC operative Hamma Bello said the agency’s Special Investigation Team was alerted to suspicious activity and petitioned the crypto exchange to cease all naira-related trading facilities. Nigerian authorities initially requested up to six months…
Bitcoin surges, nearing previous ATH of $69,000, stirring crypto market excitement. Altcoins, including memecoins, experience exponential gains amid Bitcoin’s bullish momentum. Analysts anticipate a new Bitcoin ATH, ranging from $100,000 to $210,000 post-halving. In a whirlwind of market excitement, the price of Bitcoin (BTC) teases the crypto community by almost meeting its previously set ATH of $69,000. Just a few hours earlier BTC price surpassed $68,000 and then dipped back to the $66,000 range. $2k-$4k $BTC dumps are now just normal market activity. Get used to the new normal 🤝 — Satoshi Flipper (@SatoshiFlipper) March 4, 2024 Over the last…
Notcoin, a game on messaging app Telegram that will reward players with crypto tokens, has quickly grown into a viral sensation with over 26 million players to date. But the amount of “mined” Notcoins that turn into real, airdropped NOT tokens could fall substantially if users aren’t still playing. On Friday, the project announced on Twitter and via the official Telegram community that it will begin purging mined coins from accounts that have been inactive for 30 days, suggesting that the policy is about to get underway following the short 29-day month of February. “We start burning Notcoins of inactive…
A couple of days ago, MEXC Futures, a quite popular platform for futures trading, informed the users about their approach to letting traders use less leverage on futures trading. Effective from 05:10 UTC on 18th March 2024, the platform will be implementing the dropping of the maximum leverage multiplier for specific future trading pairs. This strategic change is made to fully implement this platform’s vision to provide a secure and efficient trading environment. The trading pair for this new policy is GROKUSDT, which will change the maximum leverage from 75 to 50. The recent release of various margin limits on…
Deribit DVOL index, a measure of expected price volatility over the next 30 days, has surged to an annualized 76%, the highest since November 2022. The surging volatility has some traders “overwriting calls” to generate additional income. Deribit registers decent trading activity in bitcoin calls at strikes as high as $200,000. Crypto exchange Deribit’s bitcoin volatility index, DVOL, a measure of how much market participants believe prices will move over the next 30 days, has surged. The jump is good news for bitcoin (BTC) holders looking to generate additional income from the options market. The 30-day implied volatility index has…
Arthur Hayes, founder of cryptocurrency exchange BitMEX, reportedly withdrew 100,000 PENDLE from Binance, equivalent to $314 thousand, at $3.14 per token. This move is part of a larger trend for Hayes, who has been steadily accumulating PENDLE since April 29, 2021. Hayes collected a total of 1.44 million PENDLE at an average price of $1.67, for an estimated cost of $2.41 million. Despite his considerable investment, Hayes continues to hold all 1.44 million PENDLE, which is now worth $4.55 million. This represents an unrealized profit of $2.14 million, a gain of 88.4%. In addition to his PENDLE holdings, Hayes’ known…
Binance, the world’s largest cryptocurrency exchange, announced that the value of the funds it holds for its users exceeds 100 billion dollars. In its official blog post, the company attributes this success to strong fund inflows and rising digital asset prices. Binance stated that it maintains a 1:1 ratio for all user funds with additional reserves and presented the Proof of Reserves March report, which it claims proves this, for users to review. Here is the amount of assets held by the company as recorded by Binance’s Proof of Work system: Bitcoin (BTC): 580,464.411 Tether (USDT): 21,608,372,764.925 Ethereum (ETH): 4,120,427.187…
Pseudonymous analyst, Titan of Crypto, has recently shared insights regarding the potential cycle top for Bitcoin, offering two conservative predictions based on historical Fibonacci extension levels. The analyst outlined their reasoning, citing previous Bitcoin cycles and Fibonacci extension levels: the 1st and 2nd cycles of Bitcoin found their tops within or at the top of the 227.20% to 241.40% Fibonacci extension levels. Meanwhile, the 3rd cycle peaked at the top of the 141.40% to 161.80% Fibonacci extension levels. Considering the tendency for returns to diminish over time as markets mature, Based on these assumptions, the analyst presented two potential cycle…