Author: NBTC

Prominent crypto analyst Ali Martinez has observed a significant decline in Bitcoin whale activity since March 14, sparking speculation about its potential impact on BTC price. Martinez’s analysis, supported by accompanying charts, reveals a notable drop in transactions involving sums exceeding $100,000, following Bitcoin’s surge to a new high of $73,750 per BTC. Data from Martinez’s charts highlights that over the past 24 hours, transactions above $100,000 amounted to 2,896, with those surpassing $1 million totaling 521. Prior to Bitcoin’s peak, whale activity exhibited a proportional increase, peaking at around 4,500 daily transactions valued at a million dollars or more,…

Coinbase’s earnings seem to show that crypto is ready for a bull market, if it’s not in one currently. The company impressed Wall Street with its earnings on Thursday, posting beats across the board. Coinbase also reported that Base was continuing to see adoption. “We are seeing early product market fit with Base, our layer-2 solution, where developer activity has surged and Base has processed over 2x more transactions than Ethereum in the last 30 days,” Coinbase said in its earnings letter. Stablecoin revenue also jumped 15% quarter over quarter to $197 million. “The primary driver was higher USDC market…

One of the most active and fastest-growing communities in the Farcaster ecosystem is getting its own layer-3 blockchain. The Degen chain was announced today by pseudonymous founder Jacek and infrastructure provider Syndicate, debuting with its native gas token DEGEN, touted as “one of the first community tokens with its own L3.” The Degen movement launched in January with a channel on Farcaster, a decentralized and blockchain-based social network on Base, the Ethereum layer-2 incubated by Coinbase. Frequently positioned as a crypto-friendly alternative to Twitter, Ethereum co-founder Vitalik Buterin is a Farcaster fan, and the release of Farcaster Frames in February…

Crypto firms were amongst the sectors that posed the greatest money laundering risk, according to a U.K. government report. The country has been trying to tackle crypto crime lately, and the police have stationed crypto tactical advisors across the country. Crypto firms, alongside retail banking, wholesale banking and wealth management, posed the greatest risk of being exploited for money laundering between 2022 and 2023, a report by the government’s financial arm said on Wednesday. The conclusion from the report came from the Financial Conduct Authority risk assessments on 238 firms. The FCA is a financial regulator in the U.K., and…

Birdeye has excitedly announced that OKX Wallet is the latest wallet to join the robust Birdeye wallet list. Birdeye is a cryptocurrency trading data aggregator. It has reached a thrilling point with OKX Wallet joining its ranks, opening up its breadth of features and benefits to Birdeye users. NEW INTEGRATION ON BIRDEYE: OKX WALLETWe’re excited to announce that @okxweb3 ‘s OKX Wallet is now on the list of Solana & EVM wallets you can link to on https://t.co/T70zcfPRfm!Find out more about OKX Wallet and how to link it to your Birdeye account.🧵👇(1/4) pic.twitter.com/AhdvLhOasL — Birdeye (@birdeye_so) May 2, 2024 OKX…

Telecommunications company Vodafone is taking steps to leverage SIM card technology in order to meet the expected surge in demand for crypto transactions on mobile phones. In an interview with Yahoo Finance Future Focus, David Palmer, Vodafone’s blockchain lead, revealed that the company is pushing to advance the use of blockchain technology on mobile devices for managing crypto transactions. “Within each mobile phone is a SIM card and we have focused on linking the mobile phone SIM card to digital wallets, identity and blockchains, using the cryptography we have in those SIM cards for that blockchain integration,” Palmer said. Vodafone…

Hong Kong bankers are increasingly eyeing opportunities in the Middle East as interest in Asia’s self-acclaimed “World City” increases. This trend is marked by notable developments like the upcoming market forum co-hosted by the Hong Kong Exchange and its Saudi Arabian counterpart. As revealed by Bloomberg, this partnership signals the emerging collaboration between the two regions. Moreover, Bahrain-based Investcorp Holdings recently unveiled plans to launch a $1 billion fund. This initiative targets Chinese companies listed in Hong Kong, further highlighting increased cross-regional investment strategies. Bloomberg’s insights noted that the Middle East’s favorable tax environment is a significant catalyst for growing…

Woof, a key figure behind WoofSwap, has introduced DAMN, a new token that is now positioned to spark interest in Sibarium. The token has already gained the tag of being a SOL killer. TVL of $2.45 million has welcomed its introduction, and it has grown by approximately 6.371% over the last month. That is specifically applicable to Shibarium. Woof has backed the introduction of DAMN, stating that it is a captivating decentralized experiment that resides in Shibarium. They have clarified that ownership is in the hands of the community and not in their hands, adding that it is a collective…

Widely followed crypto commentator Jack Straw has suggested that XRP could replace Japan’s need for U.S. dollars. Straw expressed this view on X amid Ripple’s latest partnership with HashKey DX to introduce XRP Ledger-based solutions in the Japanese market, as recently reported by The Crypto Basic. Ripple is pushing this initiative alongside the Japanese financial giant SBI Group. This collaborative effort will first launch supply chain solutions for the finance industry powered by the XRPL blockchain. XRP Ledger Growing Stronger In Japan Notably, blockchain’s role in supply chain finance has gained traction over the years as firms tackle security issues.…

CCData, a leading provider of digital asset market data and analysis, has recently released the latest edition (April 2024) of its highly anticipated Exchange Benchmark report. This comprehensive study, which has become an industry standard for evaluating the risk associated with cryptocurrency exchanges, offers valuable insights into the rapidly evolving digital asset landscape. The Exchange Benchmark, first launched in 2019, has undergone significant expansions and enhancements to its methodology, now encompassing over 100 exchanges across 8 key categories, including Security, Legal/Regulation, KYC/Transaction Risk, Team/Exchange, Data Provision, Asset Quality/Diversity, Market Quality, and Transparency. The report covers both centralized exchanges (spot and…