Author: NBTC
Trade Logistics Information Pipeline (TLIP) is reported to eliminate the common challenges faced by border agents. It was also selected as one of the 30 organizations to participate in the MISSION (MaritIme juSt in time optimiSatION). IOTA’s mission to launch the Trade Logistics Information Pipeline (TLIP) to get the private and public sectors to come together to facilitate paperless international trade has been realized as it gains popularity in the payment industry. In 2022, it collaborated with TradeMark East Africa to launch a website to highlight its benefits while providing an opportunity to follow the progress of the project. In…
Today, Bitcoin reached an unprecedented milestone against the Japanese yen, surging to a record-breaking 7,870,000 JPY. This marks the highest valuation for Bitcoin in Japan since November 2021, surpassing the previous record of 7,794,000 JPY. The surge in Bitcoin’s value against the yen coincides with a notable increase of 25% over the past two weeks, outpacing its 22% gain against the dollar during the same period. Notably, Bitcoin’s all-time high against the dollar remains at $69,000, indicating potential for further upward movement in its value. This surge in Bitcoin’s price comes amid significant regulatory developments in Japan, the world’s fourth-largest…
Ethereum-based staking protocol EigenLayer has seen its total volume locked (TVL) reach almost $6 billion after it temporarily lifted its deposit cap between Feb. 5 and today. DeFiLlama data shows that the protocol currently has a TVL of $5.95 billion, almost three times higher than its TVL just five days ago. This makes it one of the top 5 protocols in TVL rankings, ahead of popular decentralized exchange Uniswap and lending platforms Spark and Compound. An estimated $961,000 of the deposits have come from users depositing Lido’s stETH, $206,000 are deposits of Swell’s swETH and $189,000 are deposits of Mantle’s…
The Pudgy Penguins NFT collection soared to an unprecedented peak today. Its floor price reached a new all-time high of 21.7 ETH. This significant milestone highlights the collection’s escalating popularity and the increasing investor confidence in the digital art and collectibles market Pudgy Penguins NFT Hit All-Time High The Pudgy Penguins NFT collection is escalating in popularity. With a current floor price equivalent to $54,529, it has seen a significant uptick in its market cap. Indeed, it now stands at an impressive $484,652,037. Originating from a diverse array of 150 hand-drawn traits, these 8,888 unique NFTs have captivated the crypto…
Statistics indicate that over $111 billion worth of ETH tokens have been locked, coinciding with the asset’s resurgence above the $2,800 mark. Within the past day, the price of Ethereum has reached a height of $2,826 amid the Bitcoin-driven market rally. At the same time, the amount of ETH tokens committed to Ethereum’s staking contract has seen a significant uptick. Over $111B Locked in Ethereum According to data from the on-chain analytics platform Nansen, Ethereum validators have locked 30,659,864 million ETH tokens on the Beacon Chain as of February 14. The intra-day activity increased with a deposit volume of 18,172…
Coinbase Global Inc (NASDAQ:COIN) is gearing up to unveil its fourth-quarter financial results after the market closes on Thursday, February 15. Ahead of the earnings, the Coinbase stock witnessed a 7% jump in the pre-market session on Thursday. Moreover, speculations are swirling around whether Coinbase would beat the Wall Street estimates or fall short. Will Coinbase Earnings Beat Wall Street Estimates? Wall Street analysts are eyeing a fourth-quarter revenue projection of $822.36 million for Coinbase, marking a notable increase from last year’s figure of $629.11 million. Notably, the Coinbase earnings report has consistently outperformed revenue forecasts over the past four…
The Avalanche network will release 9.5 million tokens on Feb. 22, with analysts concerned that it could deal a big blow to AVAX, which has been flying in the past month. AVAX has barely moved in the past week, but since hitting a two-month low at $27 in mid-January, the token has been on an uptrend amid surging trading volume. The Avalanche network’s token unlock is edging closer, and with it, speculation on whether it will deal a blow to AVAX or be a tailwind for the project. While some project that the influx of tokens will be detrimental to…
In a recent development within the crypto space, BitMEX Founder Arthur Hayes has expressed his enthusiasm for the soaring success of ether.fi, as its total value locked (TVL) surpasses a significant milestone of $1 billion. Notably, this achievement marks ether.fi as the first liquid restaking token (LRT) to breach the billion-dollar TVL mark, sparking intrigue and excitement in the cryptocurrency community. ether.fi TVL Crosses The $1 Bln Mark BitMEX’s Arthur Hayes took to social media X, to share his excitement about the rapid ascent of ether.fi, and expressed optimism about the project. Notably, this post accompanied an image showcasing the…
Amid the struggles from Bitcoin to breach $53,000, a prominent analyst is calling for a short-term correction in the cryptocurrency’s price. The price of Bitcoin (BTC) has had a near V-shape recovery since hitting recent lows in the aftermath of spot Bitcoin ETF approvals in the United States. The cryptocurrency reached a low of around $38,500 in mid-January but has since bounced back to over $52,000 in the past few days. The rise has been characterized by very low bearish action, but experienced analyst Michaël van de Poppe expects that to change soon. In a recent X update, Michaël van…
Ethereum’s non-fungible token (NFT) market is experiencing a surge in trading activity, with the weekly volume hitting its highest level since February 2023. According to data from CryptoSlam, NFT sales on the Ethereum (ETH) network has surged by around 100% over the past week, reaching a whopping $158 million. During this period, other popular blockchains for NFTs, including Bitcoin, and Polygon (MATIC), saw their trading volume drop by around 24% and 10%, respectively. Pudgy Penguins See Growing Popularity The rise in Ethereum NFT volume coincides with the growing popularity of the Pudgy Penguins collection, currently ranked third by market capitalization.…