Author: NBTC

In a bid to promote transparency and trust with its customers, popular cryptocurrency exchange OKX shared its Proof of Reserve (PoR) which showed massive holdings of XRP, Dogecoin (DOGE) and Solana (SOL). XRP, DOGE and SOL Take the Spotlight According to the data shared by OKX, its XRP holdings come in at 327,872,491 units, a figure that far outstrips the 321,519,909 that belong to its users. This OKX balance and user balance reserve ratio comes in at 102%. A similar boost was seen for Dogecoin, the industry’s largest memecoin which marked a 101% reserve ratio. User’s DOGE holdings come in…

In the last 24 hours, bitcoin miners have faced significantly reduced earnings, with the current hashprice lingering at a significant low. Just five days ago, miners were harvesting an average of 5.105 BTC per block, between a blend of new BTC and transaction fees, following a peak in the hashprice. However, the average yield per block reward over the past 100 blocks has notably decreased by 24.97% since last Sunday. Despite Nearly 1 Million Transactions Confirmed in a Day, Miners’ Revenue Hits Multi-Year Low As of 7 a.m. Eastern Time on April 26, 2024, the expected earnings from 1 petahash…

Glassnode, an on-chain market analytics provider, has announced an exclusive package of advanced on-chain metrics. According to the company, it is unveiling up to twenty-eight exclusive on-chain metrics that add to wallet distribution as well as holding age. The platform brought this development to the front through its official X account. Glassnode introduces a new suite of 28 cutting-edge On-Chain metrics, adding both holding age, and wallet distribution breakdowns to critical metrics, such as SOPR, MVRV, Realized Profit, and Realized Cap.Discover more in our latest insights article👇https://t.co/khfhqkHDu5 pic.twitter.com/bsBi1vIBBf — glassnode (@glassnode) April 25, 2024 Glassnode’s Unique On-Chain Metric Suite Promises…

As revealed thanks to data from IntoTheBlock, the volume of large transactions involving popular meme cryptocurrency Shiba Inu (SHIB) has increased by over 400% in the past 24 hours. Digging deeper into the data, the volume of large transactions rose from 1.4 trillion SHIB to 6.11 trillion SHIB, a 436% increase. In monetary terms, the volume of large transactions with the Shiba Inu token increased $42.75 million to $171.74 million, a 401.7% increase. Overall, the number of large transactions, which are defined as those totaling at least $100,000, rose to 276, 119 more than the day before. The difference in…

The European Parliament has approved a broad package of anti-money laundering laws targeting various financial services and entities, including crypto. In addition to enhanced due diligence, the measures will give journalists and other interested entities free and direct access “to beneficial ownership information” in national registries. The European Parliament voted to adopt a new package of laws tightening money laundering and terrorist financing measures across the EU. The laws target large cash payments, crypto firms and football clubs, among others. In addition to creating a single rulebook for the 27 nations that make up the European Union, the package approved…

Binance dominated the Q1 centralized exchange market with a 49.7% share and a massive surge in trading volume, outperforming competitors. The post Centralized crypto exchanges see $2 trillion surge in trading volumes in Q1: CoinGecko appeared first on Crypto Briefing. Centralized exchanges registered a crypto trading volume of over $4 trillion in the first quarter, according to a report by data aggregator CoinGecko. Binance recovered its market share gradually during Q1 to reach 49.7% in March, when the exchange registered $1.1 trillion in trading volume, marking a 131% increase from the previous month. The report highlights that the dominance recovery…

In a significant development for digital identity verification within the blockchain space, Civic Pass has announced its integration with Solana Token Extensions. This collaboration marks a step forward in refining how token issuers can incorporate identity verification directly into the token minting process. The integration enables the use of transfer hooks, a feature that allows issuers to set specific identity-related criteria for anyone engaging with their tokens. This means that parameters around who can send, receive, or hold tokens are now programmable, potentially transforming the landscape of token ownership and compliance. The enhancement introduced by Civic Pass aims to address…

This bull run is cyclical in nature, and these seven signals suggest it is just getting started. Just three weeks ago, on Feb. 12, Bitcoin’s price crossed the $50,000 threshold. Fundstrat Global Advisors Head of Digital Strategy Sean Farrell said, “This rally in the near term certainly has some room to run.” He was right! The spot rally on cryptocurrency exchanges surged to just past $70,000 on Friday, Mar. 5, before retracing to where it is currently. So, after crossing $50,000, the rally sure had some room to run. But here are eight signs it has room to run yet…

Tezos Blockchain has a new member in its Foundation Council: former French minister Fleur Pellerin. In addition to being Minister of Culture and Communication, Pellerin is also the head of a venture capital fund with investments in Web3 Ledger, Bitfury, and Ramp. Tezos Blockchain and the entry of former French minister Fleur Pellerin into the Council Tezos Blockchain and the new addition to the Foundation Council The two proposals of the Paris protocol Tezos Blockchain and the entry of former French minister Fleur Pellerin into the Council The Blockchain of Tezos has announced to have a new member in its…

Terraform Labs, the company headed by criminally charged Do Kwon that caused the million-dollar crypto crash in 2021, announced that it will restrict US users from accessing certain products and features starting next week. The move is a response to the Securities and Exchange Commission’s injunctions following a court ruling against the firm and its former CEO, Do Kwon, who is still held back in Montenegro. Key Restrictions and Regulatory Compliance The SEC has proposed a conduct injunction that may require Terraform Labs to limit its operations within the US. This could involve geoblocking or restricting US users from accessing…