Author: NBTC

CoinShares, a European digital asset-focused investment company, has sold its claim from bankrupt crypto exchange FTX at a net recovery rate of 116 percent. Announced today (Monday), the company will receive a return of £31.32 million on a £26.6 million claim after the customary closing conditions. “The resolution of the FTX situation has been highly favourable for CoinShares,” said the CEO of CoinShares, Jean-Marie Mognetti. “This exceptional recovery rate is a testament to the diligence and expertise of our team. We remain dedicated to leveraging this success to reward our shareholders and to drive further growth and innovation within the…

MetaMask, the most-used Ethereum wallet, is working to integrate native bitcoin (BTC), according to two people familiar with the matter. Access could arrive within the next month, one person said, while another said functionality is not yet set in stone, but features could initially be limited and expanded over time. MetaMask is a giant in the Ethereum (ETH) ecosystem, the most-used wallet on that blockchain. It’s poised to cross one of the biggest tribal divides in cryptocurrencies, with plans to add support for Bitcoin (BTC), according to two people with direct knowledge of the matter. The exact timeline is unclear,…

The following is a guest post from Christina Comben. With a current market cap of just over $20 million, you’d be forgiven for not having heard of Verified USD (USDV). The newcomer in the stablecoin market soft-launched on Ethereum in November 2023 and is steadily rolling out its native omnichain capabilities to further ecosystems. USDV is now live on eight EVM-enabled chains including Arbitrum, BNB chain, Optimism, and Avalanche. Cryptoslate sat down with Mathew Commons, President of the Verified USD Foundation and former Algorand CFO, to find out why the industry needs another stablecoin and what’s different about USDV. Aligning…

KuCoin, a leading global cryptocurrency exchange, has officially thrown its support behind Neuron (NRN), a rising digital currency project centered around gaming. The exchange announced the endorsement on its website and social media channels, revealing that NRN has been added to its spot trading platform as a tradable asset, effective immediately. 💥World Premiere💥📢 New Listing@aiarena_ $NRN Gets Listed on #KuCoin! 💎Pair: NRN/USDT💎Deposit: now open (network: ARB-ERC20)💎Trading: 8:00 on June 24, 2024 (UTC) — KuCoin (@kucoincom) June 24, 2024 In its announcement, KuCoin expressed its delight in welcoming the NRN token to its spot trading platform, acknowledging it as a standout…

Bitcoin (BTC) could be approaching a “euphoric bull” phase, according to a popular on-chain analyst. The pseudonymous analyst known as Checkmate tells his 91,100 followers on the social media platform X that BTC is approaching a “decision point.” “Bitcoin breaking to a new ATH (all-time high) has historically represented a transition point from the Enthusiastic Bull, into the Euphoric Bull. It also coincides with the MVRV (market value to realized value) ratio getting above 1 standard deviation, but we rarely clear it on the first attempt.” Source: Checkmate/X MVRV is the ratio of Bitcoin’s market capitalization relative to its realized…

Key Points: Token Unlocks data shows major releases for APT, IMX, and others, totaling over $240 million. June 11: Moonbeam (GLMR) – $950K June 12: Aptos (APT) – $97M, DYDX (DYDX) – $3M June 14: Immutable (IMX) – $54M June 15: Starknet (STRK) – $77M, CYBER (CYBER) – $7.4M June 16: Render (RNDR) – $7.3M Token Unlocks data has revealed that several prominent cryptocurrencies, including APT, IMX, and others, will undergo significant token unlock events next week. The combined release value is expected to exceed US$240 million, marking a crucial period for investors and market watchers. Readmore: How To Make…

Kraken MTF offers coin-collateralized futures contracts across bitcoin, ETH, XRP, litecoin and bitcoin cash. ClearLoop provides off-exchange connectivity via single wallet access to OKX, Bybit, Deribit, BIT, Gate.io, Bitfinex, Bitget and PowerTrade, with Bitstamp and Bitmart soon to go live. Kraken MTF, the cryptocurrency exchange’s institution-only derivatives trading arm, has joined crypto custody specialist Copper’s popular collateral management and settlement network, ClearLoop. Kraken MTF, bought as Crypto Facilities by the exchange some five years ago, is based in London and regulated by the U.K.’s Financial Conduct Authority (FCA). The multilateral trading facility, which does not cater to a retail audience,…

Within the last 24 hours, BTC has surged by around 4% rallying above $70,000 once again. This significant increase in the price of Bitcoin has been credited to high demand through Exchange-Traded Funds (ETFs) where investors have put more than $1.2 billion in these products in the past week, according to CryptoQuant. Bitcoin ETF inflows have been consecutively positive for the last 7 days. The new investor interest in Bitcoin ETFs shows that there has been a major confidence booster in the cryptocurrency market, which inevitably pushes prices higher. New Demand Wave?“One of the drivers of this movement has been…

On Sunday morning, an unknown cryptocurrency whale bought 231.6 billion PEPE tokens from Kraken, valued at about $2.9 million. This recent purchase adds to the whale’s total holdings of 750.34 billion PEPE, amounting to $8.34 million since mid-March, reports Lookonchain. PEPE, a meme cryptocurrency inspired by a famous cartoon frog, has been a hot topic since its debut last May. The token has seen substantial buying and selling activity from various investors, including the biggest one. A year later, the trend continues with major transactions still making headlines. The whale’s recent investment indicates a strong belief in PEPE’s potential for…

The global cryptocurrency market cap currently stands at an astonishing $2.36 trillion, with a daily trading volume of around $95 billion, according to data from CoinMarketCap. These impressive figures highlight the significant market growth and increasing acceptance of digital currencies, especially following the recent approvals of Bitcoin ETFs in the US, Canada, Germany, Brazil, Australia, and Hong Kong, as well as the approval of Ethereum ETFs by the United States Securities and Exchange Commission (SEC). With these advancements, crypto brokerage agencies and institutional investors are seeking access to superior crypto liquidity solutions. Rising to this challenge, B2Prime has expanded its…