Author: NBTC

The German government has made another significant move in the cryptocurrency market by transferring 1,000 Bitcoin (valued at $55.8M) early morning today. Out of this, 500 BTC ($27.9 million) has been deposited to popular cryptocurrency exchanges Bitstamp and Kraken, according to a recent tweet by on-chain analytics provider SpotOnChain. The German Government transferred out another 1,000 $BTC ($55.8M) 20 minutes ago, of which 500 $BTC ($27.9M) has been deposited to #Bitstamp and #Kraken.Since June 20, they have moved out a net amount of 11,033 $BTC ($669M) at an average price of $60,669.Currently, the German… https://t.co/cDc6TJsUm7 pic.twitter.com/hmq1zcYcJn — Spot On Chain…

Propy, a real estate tokenization platform, and Parcl, a DeFi protocol specializing in real estate data, have announced a strategic partnership aimed at improving analytics for on-chain real estate. Parcl and Propy are teaming up to enhance the PropyKeys platform, which has already tokenized over $10 billion worth of U.S. homes and is projected to surpass $50 billion by the end of the year. Propy’s initiative will use Parcl Labs API for improved property valuation and analytics. This access, obtained by acquiring and staking Parcl’s $PRCL token, hopes to bring more real estate markets onto the blockchain. Real estate and…

It’s all about governance bro Governance tokens are in the midst of a reckoning. UNI and MKR are, in many ways, DeFi’s most important experiments. But right now, the tokens themselves are suffering from the successes of their respective protocols. Both sit at the very heart of what makes DeFi so compelling: Uniswap enables peer-to-peer trading on an open, neutral platform that can’t be stopped or gatekept. Maker manages an overcollateralized, debt-backed and censorship-resistant stablecoin, DAI, the market’s third-biggest with $5.3 billion in circulation. Both protocols allow token holders to participate in governance — tweaking the knobs on aspects of…

Detained American Binance executive Tigran Gambaryan had to be pushed into a Abuja, Nigeria courtroom today in a wheelchair after a herniated disc in his back left him in severe pain and “hardly able to walk,” according to a Monday report from his family. Gambaryan’s health has steadily deteriorated since he was detained in Nigeria in February. At first, Gambaryan was placed under home detention but was later transferred to the notoriously dangerous Kuje prison – which holds violent criminals including members of the Boko Haram terrorist group – after his colleague and fellow detainee, British-Kenyan citizen Nadeem Anjarwalla, escaped.…

Bitcoin is up 7% over the last five days. You know what that means? Bitcoin mining is so back (until bitcoin’s price falls 5% over a five-day stretch again, after which it’ll be so over again). With bitcoin’s price surge, the stock prices of four of the five largest publicly traded miners (measured by total hashrate, or computing power spent securing the Bitcoin network) are up double-digit percentage points. The one laggard, Iris Energy Ltd (IREN), the fifth largest in this quintet, is down 15% following a report published last week by Culper Research in which the firm disclosed a…

\Nostra, a famous crypto Super App operating under Starknet, has announced the release of its new project. As per the platform, it has officially launched Nostra Bridge in partnership with Layerswap (a prominent crypto company facilitating transactions across networks). The platform took to its official social media account to offer insights into this latest development. Nostra Bridge Goes Live in Partnership with Layerswap In its recent X post, Nostra expressed its enthusiasm for the new initiative. It mentioned that Layerswap is powering the unique Nostra Bridge. The new project permits consumers to securely and matchlessly transact their assets across more…

The dollar value of Bitcoin remains extremely volatile. Although there were signs of recovery over the weekend, the value tumbled this morning (Monday) as the Asian markets opened. What is the cause of this dip? Is it due to the expected repayment from Mt. Gox or the Germans offloading their Bitcoin stash? Additionally, the US Feds’ decisions on rate cuts cannot be ignored. A Bloody Week Bitcoin peaked at almost $74,000 earlier this year, boosted by the approval of the long-awaited spot Bitcoin exchange-traded funds (ETFs) in the United States. However, due to periodic volatility, the cryptocurrency is trading around…

IntoTheBlock, a leading market intelligence platform, has recently highlighted the emerging trend of leveraged restaking within the decentralized finance (DeFi) ecosystem, particularly on the Linea network. Leveraged restaking, which combines the benefits of traditional staking with leverage, allows users to maximize their potential rewards through airdrops and staking returns. This method has gained traction as Layer 2 solutions and other blockchain protocols increasingly incorporate Leveraged Restaking Tokens (LRTs) to enhance their offerings. Leveraged Restaking On Linea🧵Leveraged restaking has become a popular strategy to earn airdrops from LRTs on top of leveraged staking rewards. L2s and their protocols have taken advantage…

Sportsbook and gaming operator Rivalry today announced the Rivalry Token (RVLRY) a native crypto token designed to augment functionality and user engagement within its suite of products. The token’s launch, expected in the latter half of 2024, marks a strategic move to solidify Rivalry’s position in the crypto-gambling sphere and cater to its primary demographic of bettors under 30. “Online gambling is the latest web-based consumer category being increasingly disrupted by blockchain technologies with greater speed, access, and functionality than their legacy counterparts,” said Steven Salz, co-founder and CEO of Rivalry. “Tech-savvy bettors are leading a behavioral shift towards more…

South Korea’s ruling People’s Power Party has proposed delaying the implementation of a 20% tax on cryptocurrency trading profits until 2028. The proposal, introduced last week, comes amid concerns that a rapid implementation of taxes could alienate Korean investors from a crypto market already plagued by negative sentiment. The proposed tax rules would require investors to pay a high tax on earnings exceeding 2.5 million won (about $1,800) annually. This is in stark contrast to the capital gains tax on stock trading in South Korea, which applies only to profits exceeding 50 million won (about $36,000). This discrepancy has drawn…