Author: NBTC

Popular cryptocurrency trader and analyst Ali Martinez has published data which shows that whales have transferred an astonishing amount of popular meme coin SHIB to crypto trading platforms. Whales move trillions of SHIB to sell According to the chart shared by the analyst, between May 14 and May 29, the overall supply of Shiba Inu on cryptocurrency exchanges increased from approximately 144 trillion to more than 147.5 trillion coins. #ShibaInu | Over 4 trillion $SHIB have been sent to #crypto exchanges in the last two weeks, worth around $103 million! pic.twitter.com/dqVGW3LzuA — Ali (@ali_charts) May 31, 2024 This means that…

Jupiter Exchange, a Solana-based DEX aggregator, is lowering fees on its perpetual products in response to community feedback regarding high costs. Through an X post, Jupiter co-founder explained the rationale behind the fee reduction. Initially, the platform had a flat 0.1% fee for opening or closing a position. Last month, it introduced a 2-Tier fee structure to address concerns, setting the base fee at 0.07%. over the last few months, traders are complaining about high fees on our perpertuals product. we started with a flat 0.1% fee on opening/closing a position.last month, we broke down the fee into two components:–…

The Loyalty Business on the Fiat Standard I worked at Mastercard for the last ten years, in the San Francisco office, building card-linked offer solutions to drive merchant loyalty. It’s a fascinating business, where cardholders receive merchant offers delivered via their bank, providing them with a discount if they make a qualifying spend at participating merchants. Below is an example of a sample of these offers/deals from my personal Wells Fargo bank account. The offers drive new customer acquisition, reactivate lapsed customers and drive higher spend frequency and ‘basket size’ from existing customers. Overall, the marketing solution is very effective…

Interport Finance, a DeFi protocol offering fast cross-chain swaps and bridge solutions, has joined the Chainlink BUILD program. The project will leverage Chainlink‘s oracle services and technical support to bolster its ecosystem. Key areas of focus will include broader DeFi growth and cross-chain swaps adoption, the Interport Finance team announced on Thursday. “We’re excited to join Chainlink BUILD, which will give us advanced access to Chainlink’s industry-leading platform and help accelerate the growth of Interport Finance. By developing secure onchain financial solutions and aligning our dynamic community with the Chainlink ecosystem, we are helping to drive widespread adoption of blockchain…

SSV Network, an Ethereum-focused network of distributed validators, has recently made a significant achievement. As per the company, it has touched a huge landmark by staking nearly 1M ETH tokens on its platform, signifying its contribution to improving the decentralization and security of Ethereum. SSV Network emerged back in December last year with the introduction of a permissionless network. SSV Network’s New Landmark of 1M Staked ETH Targets Enhancing Cryptoeconomic Security of Ethereum It reportedly enables the solo stakers as well as the collaborators to securely distribute the ETH validators and get rewards. The open-sourced protocol operating under a decentralized…

Loom Network (LOOM) is a platform engineered to make Blockchain development easier for developers globally. The ecosystem enables the creation and deployment of high-performance decentralized applications (dApps) on multiple Blockchain networks, including Bitcoin, Ethereum, Tron, and BNB Chain. Here, we delve into what Loom Network (LOOM) is and how investors in Turkey can purchase LOOM with Turkish Lira (TRY). Contents hide 1 What is Loom Network (LOOM)? 2 How to Buy Loom Network (LOOM) with TRY? 3 Key Steps for Successful Transactions 4 Result What is Loom Network (LOOM)? Launched in 2017, Loom Network is a cross-chain platform designed to…

San Francisco crypto firm Coinbase has introduced a new web application for its wallet, designed to provide users with a unified platform for managing onchain assets. The application aims to simplify the experience for users by offering a comprehensive view of their crypto holdings across various wallets and chains. Coinbase Unveils Web App to Bolster Crypto and NFT Management The newly introduced Coinbase Wallet web app enables users to connect multiple wallets and view their crypto, NFTs, and decentralized finance (defi) positions in one place. This eliminates the need for manual spreadsheets and switching between multiple browser tabs. The app…

Bitcoin exchange withdrawals have plunged to a five-year low of 28,500 BTC, signaling a potential shift in investor behavior and market dynamics. This sharp decline, highlighted by recent Glassnode data, coincides with Bitcoin’s price drop below $54,000 and the market’s fifth-largest realized loss since the FTX collapse. Bitcoin’s market activity has taken a significant turn as exchange withdrawals plummet to a 5-year low of 28,500 BTC. This trend is drawing attention from investors and analysts alike, as it signals a shift in market dynamics and investor behavior. Recent data from Glassnode reveals intriguing patterns in Bitcoin exchange deposits and withdrawals,…

Old-school commodity trader Peter Brandt published a tweet, engaging the Bitcoin community in a discussion about BTC patterns and the cryptocurrency’s potential price moves. He also slammed the second largest crypto, Ethereum, in the comments under his tweet. Bitcoin is not going to $44,000, Brandt says Peter Brandt addressed his followers on the X platform to pick their minds about a Bitcoin Double Top pattern that he spotted on a chart. Apparently Brandt decided to test the community, asking them whether Bitcoin has completed the Double Top or not. He warned that if the answer is yes, then a minimum…

Ripple, the company behind the XRP Ledger (XRP) development, will unlock 1 billion tokens on June 1, worth $520 million. This is part of Ripple’s monthly sell-offs, which could negatively impact the XRP price in the following weeks. Historically, Ripple has been unlocking 1 billion tokens through escrows, finalized on the first day of every month since 2017. Until April, the company has been using ‘Ripple (22)’ and ‘Ripple (23),’ according to XRPScan, to manage the escrows. However, these accounts no longer hold active unlocking contracts, and May has already used two different addresses, as Finbold reported. The wallets ‘Ripple…