Author: NBTC

Binance users can now purchase multiple crypto assets, including Shiba Inu (SHIB) and XRP (XRP), using their Mastercard once again. This became possible after Mastercard reportedly resumed crypto purchases and deposits via its payment network on Binance. Mastercard Resumes Card Payments on Binance For the uninitiated, Mastercard halted the service in August 2023, at a time when Binance was under significant regulatory and legal scrutiny worldwide. In particular, the leading exchange faced multiple charges from regulators in the United States, including the SEC and CFTC. Last year, Binance and its former CEO Changpeng Zhao (CZ) pleaded guilty to violating the…

The Bitcoin (BTC) price has consistently traded within the $67,000 and $68,000 range for several days. In this analysis, BeInCrypto aims to understand the price action of Bitcoin. Additionally, we have observed a decline in volatility, which can be attributed to various factors. To provide a comprehensive analysis, we’ll explore who is buying and selling Bitcoin. Examining Bitcoin Activity and Vaulting Rates The chart below illustrates the activity rate and vaulting rate of Bitcoin over time, along with its price in USD. Here are the key observations from the chart: Activity Rate (shown in red): The Activity Rate shows how…

Avalon Finance, a well-known Bitcoin DeFi platform adding massive funds to decentralized finance, has initiated a new integration. The company is reportedly integrating with Core DAO (a Bitcoin-driven EVM-compatible blockchain) to expand the Bitcoin DeFi. Core DAO disclosed the news of this integration on its official X account. .@avalonfinance_ integrates with Core!Another step towards the expansion of BTCfi 🔶🔓🟧Explore more about this integration👇 https://t.co/E5G9pHfvKO — Core DAO 🔶 (@Coredao_Org) June 13, 2024 Avalon Finance’s New Integration with Core DAO Targets the Expansion of Bitcoin DeFi In addition to the announcement, the platform shared a blog post on the social media…

Nexus Labs, a notable player in zero-knowledge cryptography, has successfully secured $25 million in a Series A funding round. The funding, co-led by Lightspeed Venture Partners and Pantera Capital, is aimed at scaling the firm’s project. Additional investors include Dragonfly, Faction, and Blockchain Builders Fund, as announced by the company on June 10. Contents hide 1 What Will Nexus Labs Do with the Funding? 2 Why Is This Significant for Blockchain? 3 Key Inferences for Stakeholders What Will Nexus Labs Do with the Funding? The company plans to utilize the new capital to accelerate the development of Nexus 1.0, its…

The XRP locked in XRPL AMM pools has surpassed the 2.1 million mark, triggering speculation that the automated market maker functionality could contribute to an XRP supply shock. The XRP Ledger is evolving into a more resilient ecosystem with the integration of impactful DeFi protocols. Particularly noteworthy is the newly implemented AMM functionality, which has garnered significant interest from network participants. However, the XRPL AMM functionality encountered an issue that halted its utility as liquidity providers redeemed and withdrew their tokens. Due to the mass withdrawal of tokens, locked XRP was reduced to 279,000 as of April 7. Following the…

MoonPay has officially extended PayPal payment options to its customers in the UK and EU, according to a press release shared by the team on Wednesday. The expansion allows users in 24 EU member states, excluding Croatia, Hungary, and Iceland, to buy crypto via their PayPal accounts. The rollout, which will progress over the coming weeks, follows a successful US integration last month. According to MoonPay, PayPal has surged to become the third most preferred payment method in the US, surpassing Google Pay. MoonPay’s data reveals 90% transaction follow-through for users linking their PayPal accounts and a 1.3 times higher…

Over the past hour, bitcoin’s price has ranged from $68,915 to $69,121, with an intraday spread between $67,440 and $69,305. The 24-hour trading volume for bitcoin (BTC) is $23.02 billion, indicating robust market activity. The market capitalization of bitcoin remains strong at $1.36 trillion. Bitcoin Bitcoin’s daily chart highlights a major uptrend starting in early May, peaking at $71,958, followed by a slight pullback and consolidation near the $68,000-$70,000 range. The daily chart shows support is firmly positioned at $66,000, with resistance at the recent high of $71,958. The mix of ups and downs suggests ongoing market contention, while a…

This complexity of the crypto market has recently been highlighted in a recent reveal by blockchain analytics platform Lookonchain. The platform in an X post published earlier today details a sizable financial move performed by Curve Finance founder Michael Egorov. According to Lookonchain, the famous name in the DeFi community, Michael Egorov, managed to liquidate almost 140 million CRV tokens worth $36.5 million without a personal total loss. The manner of the sale reminds of the dynamic uncertainty of cryptocurrency investing as well as complex financial maneuvers executed by principals on many leading blockchain projects. Egorov’s behavior is especially alarming…

Swiss crypto custodian Bitcoin Suisse has issued tokenized bond via Obligate to double down on growth efforts in the lending business. Bitcoin Suisse, Switzerland’s largest crypto custodian with over $5.5 billion in assets under custody, has secured new capital by issuing a tokenized bond on Obligate, an on-chain capital markets platform. According to a press release shared with crypto.news, the investment-grade bond is overcollateralized and utilizes Circle’s USD Coin (USDC) stablecoin as the settlement currency. The issuance was executed via atomic settlement of the bonds against the stablecoin. Bitcoin Suisse head of treasury Sandro Huwyler says the additional capital generated…

INJ 3.0 introduces radical tokenomics overhaul for Injective’s native token. Proposal aims to make INJ the most deflationary asset, emulating Bitcoin’s scarcity. Timeline set for forum discussion, voting, and mainnet implementation. Injective, a leading blockchain for finance, announces INJ 3.0, a groundbreaking upgrade aimed at revolutionizing tokenomics. Since its inception, Injective has surged as a premier blockchain for financial services, fueled by its native token, INJ. With INJ serving various functions within Injective, including governance and staking, its importance cannot be overstated. Notably, Injective has continually reduced the supply of INJ through token burn auctions, with nearly 5.9 million INJ…