Author: NBTC
Etherfi’s liquid restaking platform recently faced backlash regarding its airdrop distribution after reports emerged that Justin Sun would get a substantial part of the tokens. On March 16, EtherFi revealed that the first phase of its airdrop will release 6% of the total token supply. ETHFI will have a total supply of 1 billion tokens, with an initial circulating supply of 115.2 million. Criticism Trails EtherFi Airdrop Distribution Ether.Fi outlined several criteria to determine eligibility for their airdrop, including holding eETH, referring friends to the protocol, or participating in the Early Adopter Program. Upon closer examination, community members swiftly discerned…
Binance executive Nadeem Anjarwalla absconded from Nigerian custody in February after his arrest. At the time, he was detained along with American colleague Tigran Gambaryan on accusations of misconduct related to the exchange. In a Sunday interview with a local media outlet, a retired Nigerian official characterized Anjarwalla’s escape as “embarrassing.” He further deemed the incident as indicative of systemic shortcomings within the country’s security personnel. Dr. Seyi Adetayo, a retired Principal Staff Officer from the Department of State Services, attributed the security lapse to the presence of individuals with potentially fraudulent or criminal intent within the department. He emphasized…
Bitcoin ETFs are finally making a comeback, with net outflows turning into inflows thanks to the market recovery. After a period of consistent outflows, a change is here, signaling a potential trend change for Bitcoin. According to SoSoValue’s latest data, the Bitcoin spot ETFs have received a substantial net inflow of $15.7 million, disrupting a five-day sequence of net outflows. In stark contrast, Grayscale’s Bitcoin Trust (GBTC) experienced a single-day net outflow of $350 million. Leading the charge in this influx is Fidelity’s Bitcoin ETF (FBTC), which alone accounted for a remarkable $261 million in net inflows. Not far behind…
Tinkoff Bank, one of Russia’s biggest banking players, has won a license to issue and sell “digital financial assets” (DFAs) in the country. Interfax reported that the Central Bank added Tinkoff to its official list of approved DFA operators on March 28. Tinkoff Bank Readies DFA Offerings Tinkoff’s move comes weeks after its biggest rival, Sberbank, launched a DFA trading platform. The Sberbank platform may eventually allow its customers access to certain types of NFTs. The Central Bank launched its DFA register in February 2022, when it granted approval to the Atomyze platform. Atomyze makes use of the Hyperledger Fabric…
The decentralized finance (DeFi) crypto project Solana (SOL) has experienced a significant surge in investor interest, propelling the native token to rally to new heights, with meme coins launching on the platform also garnering significant attention. Amidst this surge in interest, on-chain data indicates that the Solana network is currently experiencing severe congestion, with significant implications for transaction processing and network performance. In particular, data shared on X (formerly Twitter) on March 17 by Dagnum_PI pointed out that the average ping time on the Solana network is reported to be between 20-40 seconds, indicating delays in communication between nodes. The…
El Salvador, the nation that made bitcoin legal tender in 2021, continues to up its bitcoin (BTC) holdings. The country’s president, Nayib Bukele, said on Monday that the nation now owns 5,700 bitcoins versus mid-March’s roughly 5,690. At bitcoin’s current price just above $70,000, El Salvador’s bitcoin stack is worth more than $400 million. Bukele earlier this month said his country’s bitcoin holdings had been moved to cold storage and published the address of its bitcoin wallet. That wallet showed just under 5,690 BTC, significantly more than what public trackers of El Salvador’s holdings had estimated. The trackers were off…
The Qingdao branch of the Bank of China (BOC) has rolled out a new payment option for Qingdao’s metro transit system through digital yuan hardware wallets. According to the local news outlet Dazhong, this initiative introduces a “deferred payment” system that allows travelers to use the public transit service first and pay later with the hardware wallet featured enabled on users’ smartphones. Developed under the guidance of the BOC Currency Research Institute and in partnership with China Telecom, China Unicom, and Digital Finance Public Service, users can complete payments without access to internet or even power via BOC’s, Telecom’s, or…
Solana has outperformed Ethereum and other Ethereum Virtual Machine (EVM)-based Layer-2 solutions in terms of 24-hour transaction volume, reaching a total of $3.654 billion against Ethereum’s $2.397 billion. The news seemingly piqued the interest of SOL co-founder Anatoly Yakovenko who responded via social media. SOL’s latest achievement places it at the forefront of blockchain transactions, even surpassing the combined efforts of other significant networks such as Arbitrum, Avalanche, Polygon, and Optimism, according to data provided by DefiLlama. When combined volume of all the centralized exchanges as well? https://t.co/EvCX37qMgZ — toly 🇺🇸 (@aeyakovenko) March 17, 2024 Yakovenko also acknowledged the platform’s…
As a sign of celebration of the upcoming Bitcoin halving, the cryptocurrency exchange Binance has launched the NFT game “Word of the day” (WOTD) inviting its users to participate to try to win a share of the 500,000 Binance Points up for grabs. The game, only available to registered customers on the exchange platform, will last until March 31st and will offer new episodes every day to try to win exclusive prizes, redeemable at the end of the event in the “Rewards Hubs” section. Let’s see all the details below. Binance launches the NFT game WOTD and challenges its users…
Bitkub Capital, the owner of crypto exchange Bitkub Online, plans to sell shares to the public next year. The IPO is expected to value the exchange at about 6 billion baht ($165 million), CEO Jirayut Srupsrisopa told Bloomberg. The owner of Thai crypto exchange Bitkub Online plans to sell shares to the public next year and is in the process of hiring financial advisers, Bitkub Capital Group CEO Jirayut Srupsrisopa told Bloomberg. Thailand’s biggest crypto exchange provides about 80% of the Bangkok-based parent’s profit and is 9.2% owned by Asphere Innovations. The initial public offering (IPO) is expected to value…