Author: NBTC
Floki developers are working on offering regulated digital banking accounts that can be funded with FLOKI tokens and used to transact in USD, EUR, and GBP. The project also includes plans for debit cards and staking services, with accounts being facilitated through a partner licensed in Canada, Spain, Dominica, Australia and the UAE. Floki developers are planning to offer users a regulated digital banking account they can fund using (FLOKI) tokens that transact in dollars, euros and sterling, lead developer B told CoinDesk. The development is part of a broader plan to release debit cards and staking services propelling the…
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) says cryptocurrency is the “best hedge against inflation.” He stressed that crypto “takes control away from the government and from the monopolistic banking system which uses money printing to shift wealth upward to the oligarchy of billionaires while impoverishing regular Americans.” RFK Jr. Says ‘Crypto Equals Freedom’ U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) reiterated his support for cryptocurrency in a post on social media platform X Thursday. RFK Jr. is a son of former U.S. Attorney General and Senator Robert F. Kennedy and nephew of former U.S. President…
Based on a recent analysis, numerous outdated bitcoin mining devices likely powered up in response to the latest uptick in bitcoin’s value. However, with the anticipated block reward halving, it’s projected that around 100 exahash per second (EH/s) of computing power might be disconnected after the event. Bitcoin Miners Enjoy Revenue Boost, Yet Face Potential Setback With Upcoming Halving As of this moment, Bitcoin’s overall computing power, as measured by the seven-day simple moving average (SMA) on Luxor’s hashrateindex.com, maintains a steady pace at 596 EH/s, having peaked at a historic high of 628 EH/s on March 12, 2024. A…
Bitgo collaborates with Kava Chain to position conventional Wrapped Bitcoin (WBTC) to bring substantial conventional BTC liquidity to Kava ecosystem projects. Kava Chain becomes one of the few Layer 1 networks that Bitgo has associated with. Where the Wrapped Bitcoin is concerned, it is the biggest and most sought-after wrapped BTC asset. Kava Chain becomes similar to Ethereum and Tron because it is a Layer 1 with a conventional USDT and a WBTC incorporation. Following Tether’s selection of KAVA for positioning conventional USDT, Bitgo has formed an association with KAV for positioning WBTC. After that, Binance delivered conventional backing for…
After a short period of diminished onchain network fees, the expense of sending bitcoin has begun climbing once more, hitting a midweek average of 73.3 satoshis per virtual byte (sats/vB) or $11.48 for each transaction. Currently, a backlog of 207 mempool blocks is pending, waiting to process about 134,000 unconfirmed transactions, a situation that has persisted since Nov. 3, 2023. Bitcoin’s Onchain Fees Begin to Rise Again From Feb. 18 to Feb. 25, 2024, the cost for an average onchain transaction on the Bitcoin network was below the $5 threshold, and during this period, the cost for a median-sized transaction…
Backed, a real-world asset tokenization platform, has unveiled a new range of services for tokenization at institutional levels, according to the information shared with Finbold on March 22. The new tokenization platform is designed to empower financial institutions to issue tokenized assets securely and efficiently. Compliance and trust in tokenization Adam Levi, co-founder of Backed, emphasized the importance of compliance and reliability alongside the usual technological innovation in tokenization solutions, stating: “The problem with current tokenization solutions is they are all focused on tech, when in reality, compliance and trust are just as important. We already have tokenized products on…
Billy Markus famous within the crypto community as a co-founder of the largest meme cryptocurrency Dogecoin is a frequent user of social media platforms, especially Twitter/X, usually tweeting in a sarcastic manner or merely publishing memes. Today, he touched on the subject of crypto trading and how profitable this can be. In his earlier tweets, Markus has already many times expressed what he thinks of crypto trading and long-term cryptocurrency investments. Trolling crypto traders on Twitter/X Today, one of the tweets published by Billy Markus features a picture with two monitors and a caption, stating: “My friend was losing money…
The Bitcoin halving could significantly remodel the global cryptocurrency mining landscape. Bloomberg reports that US miners are preparing to decommission and export thousands of older mining rigs. Ethiopia is rapidly becoming a sought-after destination for miners seeking lower electricity costs. Discover how the upcoming Bitcoin halving is fueling a strategic exodus of US-based miners, why Ethiopia is rising as a crypto mining powerhouse, and what this means for the future of Bitcoin. The Bitcoin Halving: Catalyst for Change The Bitcoin halving in 2024 will slash miner block rewards by 50%, impacting profitability. This built-in scarcity mechanism underpins Bitcoin’s value proposition.…
After integrating with Quickswap, Layer 3 blockchain Orbs has announced that their Liquidity Hub has extended to include Polygon zkEVM. With this change, traders using Quickswap will have access to liquidity obtained via Polygon zkEVM.Onchain traders will benefit from deeper liquidity thanks to the integration of Orbs Liquidity Hub with Quickswap, which will enable them to complete swaps with less slippage. In addition, the Liquidity Hub will provide a simplified user interface, protection against Maximal Extractable Value (MEV), decreased transaction costs, and gas-free transaction executions for Polygon zkEVM users.The Liquidity Hub gives DEXs access to CEX-level liquidity by providing a…
Around 88 days ago, on Dec. 4, 2023, a mysterious mega whale, closely watched by onchain analysts at Bitcoin.com News, made waves again by transferring 2,000 ancient bitcoins from 2010 that was confirmed in a single block. Since March 2020, this entity has relocated a whopping 16,000 bitcoins that had been dormant since the day they were mined. $123M Worth of Vintage Bitcoins Transferred by Mysterious Mega Whale From 2010 On March 1, 2024, the notorious mega whale, initially detected on March 11, 2020, executed transfers of 2,000 BTC from 2010 through approximately 40 separate transactions. Each transaction involved a…