Author: NBTC

On Monday, crypto-related stocks in the United States saw significant increases, reflecting a broader market rally just days after the Bitcoin halving. Despite the event, which reduced mining rewards to 3.125 BTC per block, some of these stocks recorded double-digit percentage gains. Double-digit Percentage Gains According to data from Google Finance, the country’s five largest publicly traded Bitcoin miners, including Marathon Digital (MARA), CleanSpark (CLSK), Riot Platforms (RIOT), Cipher Mining (CIFR), and Hut 8 (HUT), all witnessed substantial gains over the April 22 trading day. These gains have also carried over into after-hours trading sessions, indicating sustained momentum. Stronghold Digital…

Prominent American crypto exchange Uphold has confirmed that FedNow facilitates XRP transactions to select U.S. bank accounts. This confirmation came in a recent post on X following The Crypto Basic’s report indicating that FedNow processed a deposit transaction involving XRP to a U.S. bank account. Notably, XRP enthusiast Crypto Value Hunter first called attention to the transaction on Monday after he observed that the payment description of his XRP withdrawal contained information suggesting that the U.S. Federal Reserve instant payment system, FedNow, processed the XRP funds. The revelation had sparked skepticism among the broader community. Some claimed to have never…

Binance recently announced that it was converting its ‘Secure Asset Fund for Users’ (SAFU) fund to the USDC token. This SAFU fund was a pseudo-insurance fund in which Binance stored funds to hopefully reimburse users if something were to go wrong with the platform. Before the conversion, the fund was held in several coins, including BTC, USDT, BNB and TUSD. These changes to the fund have brought to mind Binance’s earlier ‘Industry Recovery Fund’ and the lack of updates about the project. What was the Industry Recovery Fund? While FTX was collapsing into bankruptcy, financial criminal Changpeng Zhao tweeted that…

The Base network has recently set a record high of contract deployers. Chinese crypto reporter Colin Wu shared an X post on his Wu Blockchain page, shedding light on Base’s 21,700 contract deployers marked on April 20, with a fee of $164.618K. According to Token Terminal, the number of contract deployers on the Base network in a single day recently reached 21,700, setting a record high. Contract deployers refer to the number of EOAs for transactions that initiate smart contract creation. Previously, Base protocol head… — Wu Blockchain (@WuBlockchain) April 22, 2024 In a recent X post, Token Terminal reflected…

Mango Markets, a Solana-based decentralized exchange, has been thrust back into the public consciousness after the conviction of Avi Eisenberg for market manipulation related to an exploit of the platform. Amid this attention, governance for Mango Markets has passed a buyback proposal that will benefit a subset of users, specifically those who have participated in governance. This proposal got over the finish line in part thanks to a large voting bloc made up of MNGO tokens recently purchased from the FTX estate. Several weeks ago, the FTX cold wallet began liquidating SPL tokens, including MNGO. Following that, a new proposal…

Ontario’s Superior Court of Justice has certified a class action against Binance, according to a report by Advisor.ca The lawsuit alleges that Binance Holdings Limited violated securities law by offering crypto derivative products to retail investors without proper registration. This development comes amid increasing scrutiny from regulatory authorities, including the Ontario Securities Commission (OSC). In 2021, Binance pledged to cease operations with Canadian investors in response to OSC scrutiny and later agreed to an undertaking with the OSC to halt trading activities in Ontario. However, the OSC’s investigation into possible regulatory breaches by the exchange is ongoing, with no formal…

Axen, one of the leading identities in the decentralized technology field, has finally declared a partnership with Cluster Protocol. Cluster Protocol is the first-of-its-kind cutting-edge framework designed to revolutionize computation, data sharing, and artificial intelligence. The strategic collaboration is an important success in revolutionizing the decentralized technology area. We’re thrilled to announce a groundbreaking partnership between Axen and Cluster Protocol, marking a pivotal moment in the advancement of decentralized technologies!Cluster Protocol is a cutting-edge framework poised to revolutionize computation, data sharing, and artificial… pic.twitter.com/NiDeaMiWBV — Axen Labs | 🤍🧡 (@Axenlabs) April 22, 2024 Cluster Protocol to Revolutionize AI with Fully…

Although many assets in the cryptocurrency sphere are starting to slow down their bullish gains, including Bitcoin (BTC), the flagship decentralized finance (DeFi) asset is flashing some massively optimistic signs that suggest the possibility of an explosive comeback. As it happens, the maiden crypto asset is showing a bullish pennant on its four-hour chart, following a surge that marked its first flagpole, and suggesting the second flagpole “could spike real fast” in a bullish moment, according to the observations by crypto analyst Trader Tardigrade on March 12. Indeed, the expert has identified a continuation chart pattern represented by two trendlines…

Data shared by the prominent blockchain sleuth Whale Alert shows that a hefty amount of DOGE meme coins has been withdrawn from Binance after a likely purchase to anonymous crypto wallets. Whale Alert is renowned for sharing details of large cryptocurrency transactions with the crypto community on Twitter/X. Hundreds of millions of DOGE land in whale’s pocket The above said data source tweeted that approximately three hours ago, two blockchain wallets tagged as unknown withdrew a total of 304,588,737 Dogecoin from the Binance exchange. This amount of Dogecoin is equal to $53,125,088 in fiat at the time of writing this…

Bitcoin’s new Runes fungible token standard launched late Friday alongside the quadrennial halving event, and the immediate demand pushed network fees to a level never before seen on the original blockchain network. Already, at least one centralized exchange (or CEX) has already taken notice and gotten in on the action. The Cayman Islands-based exchange Gate.io has already listed three of the earliest Runes tokens on Bitcoin: SATOSHI•NAKAMOTO (no connection to the pseudonymous Bitcoin creator), MEME•ECONOMICS, and WANKO•MANKO•RUNES. WANKO•MANKO•RUNES is the odd token out there, but the other two tokens have something in common besides the odd naming scheme with the…