Author: NBTC
NBTC
NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.
BingX has officially integrated its perpetual contract market with TradingView, the renowned social network and analytical platform for traders. This development marks a pivotal enhancement, previously limited to standard futures, and now including both Coin-margined and USD-margined perpetual futures. TradingView, acclaimed for its robust set of analytical tools and real-time market insights, now hosts BingX’s perpetual futures directly on its platform. This integration empowers BingX users to utilize advanced charting capabilities without the hassle of managing multiple platforms, thereby streamlining the trading process. A Seamless Interface for Traders Vivien Lin, the Chief Product Officer at BingX, expressed enthusiasm about this…
In July, bitcoin miners earned $951.11 million, marking the lowest monthly revenue of the year. Out of this total, $24.9 million was generated from transaction fees, reflecting a trend of low onchain fees. July Bitcoin Mining Revenue Plummets to a 2024 Low The month was particularly challenging for bitcoin miners, as earnings hit their lowest point in 2024. Additionally, the value of Bitcoin’s hashprice, or the estimated worth of 1 petahash per second (PH/s) of hashpower, decreased as July progressed. At the start of the month, the value of 1 PH/s was approximately $48, but by July 31, it had…
The smart giant whale, which earned more than 1 billion dollars by selling its Bitcoins during the rise in 2023 and 2024, returned to the markets again. The whale, who bought 6,070 Bitcoins worth $395 million during the last market decline after 1.5 years, deposited 1,200 BTC worth $73.44 million to Binance a few hours ago. According to Arkham data, this whale with the address “3G98jS…NvHkhN” transferred 1,200 BTC to Binance. The smart whale bought these BTCs and more from OKX and Binance a week ago. This whale also holds 10,149 BTC worth approximately $622.46 million. “This smart whale deposited…
GMX decentralized exchange has listed two revenue-generating assets on the Arbitrum network. The two – Lido’s wrapped staked Ether (wstETH) and Ethena Labs’ synthetic dollar (USDe)- will support an ETH/USD perpetual futures marketplace on GMX version 2. GMX announces a new market on @Arbitrum:🔹 ETH/USD [wstETH/USDe]Trade #Ethereum perpetual futures, supported by a liquidity pool with wrapped staked ETH (wstETH) from @LidoFinance and the USDe synthetic dollar from @Ethena_labs!1/3 🧵 pic.twitter.com/pmmXsSrNTl — GMX 🫐 (@GMX_IO) July 31, 2024 The new listing reflects GMX’s dedication to providing top-notch earning opportunities without compromising liquidity. The wstETH asset is a liquid, wrapped version of…
On 31 July 2024, CCData Research unveiled the July 2024 edition of its “Stablecoins & CBDCs” report, providing a comprehensive overview of recent trends and market dynamics within the stablecoins and central bank digital currencies (CBDCs) sectors. CCData, authorized by the Financial Conduct Authority (FCA) as a benchmark administrator, is a prominent provider of institutional-grade digital asset data. By leveraging tick data from globally recognized exchanges and integrating multiple datasets, CCData delivers a comprehensive market overview, including trade, derivatives, order books, as well as historical, social, and blockchain data. Stablecoins Market Capitalisation Hits $164 Billion In July, the total market…
Pump.fun is the most accessible tool for token creation, with a known risk due to its low liquidity. For tokens that go viral, Pump.fun now has a new type of rug pull attack. Pump.fun is one of the fastest ways to generate and distribute Solana-based meme tokens. The protocol advertises itself as a coin launcher tool, making new assets instantly tradeable with no initial liquidity. The fees for generating a new token are as low as $2, making Pump.fun a highly active protocol. The recent interest in meme assets drove Pump.fun fees as high as $268M annually. On certain days,…
The Monetary Authority of Singapore (MAS) granted a Major Payment Institution (MPI) license to HashKey OTC. Hashkey OTC is the over-the-counter trading division of HashKey Group. This license allows HashKey OTC to offer payment services without limitations, such as digital payment tokens and cross-border transfers. The MPI license is in-principle approval given on February 28, 2024. HashKey OTC Secures Key Singapore Payment License The MPI license is a crucial achievement for HashKey OTC. It means that the firm can conduct business without being limited by the number of transactions it conducts, enabling a broader range of services and higher market…
Foundry USA and Antpool now have more than 60% Bitcoin hash rate, which increases the problem of centralization in the Bitcoin network. Centralization of mining power introduces the threat of a 51% attack where a single party gains control over the blockchain. As mining increasingly consumes resources, small miners cannot afford to mine Bitcoins due to increased costs and hence consolidation of companies. The Bitcoin network is experiencing a flow of the mining market where only two mining pools control the hashrate of the network. This development has provoked concerns about possible centralization, a situation that may resist the decentralized…
If you haven’t been around too long, it’s hard to fully appreciate how quickly narratives can shift in this industry, especially when playing catch-up. Fads grow old, memes become tired. It’s fair to say that this year’s seasonal craze is currently feeling the pressure of Bitcoin’s fading momentum. While it could be easy to write it off as a temporary setback caused by the usual bull market correction, strong underlying currents are working against popular scaling narratives. As this tide is going out, it’s become a little hard to ignore those out there swimming naked. Is the airdrop meta over?…
As expected, the FED left interest rates constant. Here is Bitcoin’s first reaction after the interest rate decision: There are analysts who think that Jerome Powell may signal a rate cut in September at the press conference he will hold in half an hour. The expected move could lead to lower borrowing costs for U.S. consumers and businesses and mark a key moment in the Fed’s two-year fight against inflation. Latest data shows inflation is steadily approaching the Fed’s 2% target and there has been a notable cooling in the labor market, with the unemployment rate rising by nearly half…