Author: NBTC

Crypto market capitalization dropped 7%, with major tokens like bitcoin, ether, and others falling sharply in the past 24 hours. The decline was triggered by higher-than-expected inflation data and profit-taking by some traders, with some analysts predicting further losses before a potential rebound. Crypto market capitalization dropped 7%, its sharpest fall this year, as bitcoin (BTC) plunged 8% in the past 24 hours to wipe weekly gains and kickstart a marketwide decline. Bitcoin slumped from Thursday’s high of $73,000 to as low as $65,800 early Friday before slightly recovering. Meanwhile, Coindesk 20, a broad-based index of most liquid cryptocurrencies, was…

Fitness cryptocurrency app Stepn announced that it will airdrop bonus points equivalent to $30 million in GMT tokens. The company is distributing 100 million “FSL” points to its users, which can be exchanged for GMT tokens on a 1-to-1 swap basis through the Stepn marketplace. GMT tokens are currently trading at around $0.30, while the total value of Stepn’s point distribution is estimated to be around $30 million, according to CoinMarketCap. “Because we have workspace, we have stability as a business and we can give that back to users,” said Stepn CEO Shiti Manghani. This year’s airdrop, described by Manghani…

On March 11, two US senators, Jack Reed and Laphonza Butler, sent a letter to SEC President Gary Gensler asking not to approve any more crypto ETFs after the one on Bitcoin: Coinbase immediately enters into conflict. According to the two Democrats, the introduction of other cryptographic investment tools would expose retail investors to too high risks. Coinbase, which obviously has a vested interest in new crypto ETFs being approved, dissociates itself from what was highlighted by the senators, stating that the provocations are completely misleading. The main issue at stake is the question of exchange-traded funds for Ethereum, with…

Dog-themed cryptocurrency Shiba Inu (SHIB) has achieved a remarkable feat, with its total addresses hitting the four million mark, per IntoTheBlock data. This milestone underscores growing adoption and interest in SHIB, marking a pivotal moment on its journey within the cryptocurrency market. “Total addresses” in this context refer to all addresses ever created that, at one point, have held SHIB, including those that still do. To put it simply, total addresses are those that used to hold SHIB but no longer do, as well as those that do. In this regard, the total number of SHIB addresses with a balance…

Streaming platform Movies Plus announced this week that it has added Bitcoin to its payment options, allowing subscribers to pay using the leading digital currency. With this move, the firm joins a list of companies accepting Bitcoin as a payment method, including Microsoft, AT&T and Namecheap. To optimize Bitcoin payments, Movies Plus has partnered with Flash, a payment processor that uses the Bitcoin Lightning Network. The latest rollout of Movies Plus also makes it the first streaming platform to accept Bitcoin payments. Streaming giants like Netflix or Hulu do not currently support Bitcoin or any other cryptocurrencies. Despite airing documentaries…

In a recent high-profile event that drew the attention of the cryptocurrency community, Ripple CEO Brad Garlinghouse took the stage to share his excitement about the most recent developments, particularly the upcoming XRP Ledger stablecoin. It’s great to be back at @ParisBlockWeek — I joined @xrpl_commons CEO David Bchiri on stage to discuss why Ripple is planning to launch a USD stablecoin later this year, growing the #XRPL community, and crypto regulation (of course!). pic.twitter.com/r2No7XmQZZ — Brad Garlinghouse (@bgarlinghouse) April 10, 2024 “It’s great to be back at Paris Blockchain Week. I joined xrpl commons CEO David Bchiri on stage…

The Xai Foundation, which supports the Xai layer-3 gaming network built with Arbitrum scaling tech on Ethereum, has announced the launch of a new staking pool system designed to reward user involvement in the ecosystem. The Xai staking pools allow XAI token holders in eligible regions to stake their tokens in a pool, thus earning rewards for their participation. The update introduces a new token, esXAI, which serves as an escrowed staking representation of the XAI token. Users can convert their XAI to esXAI and then stake the tokens to participate and earn staking rewards. Staking pools can be created…

Although the leading cryptocurrency Bitcoin reached $69,000 on March 5, it could not stay there due to the selling pressure it faced, but a few days later it broke a record and exceeded $69,000. Since then, BTC has exceeded $ 73,000 and renewed its ATH, while experiencing a correction that started yesterday evening and went up to $ 65,000. While this correction in Bitcoin was also effective in altcoins, especially Ethereum, all eyes turned to Bitcoin and Ethereum options that will expire today. According to the news of Singapore-based crypto options data platform Greeks.live, 30,000 BTC and 330,000 ETH options…

The Ripple CTO David Schwartz recently revealed an avenue for burning liquidity provider (LP) tokens for any AMM on the XRP Ledger (XRPL). The prospect of incinerating LP tokens has emerged as a significant topic following the introduction of native AMM functionality to the XRP Ledger. Notably, the XRPL is now home to 193 AMMs less than three weeks after the AMM functionality went live. DepositAuth Flag on XRPL AMM Accounts As adoption sees a marked uptick, discussions around the burning of LP tokens have taken center stage. Schwartz’s explanation came in response to a community dialogue concerning the DepositAuth…

New partnership integrates Xterio’s Web3 games with Forge’s engagement platform. Game rewards and engagement platform Forge has announced a strategic partnership with Web3 gaming ecosystem Xterio. This collaboration aims to connect gamers with Xterio’s library of Web3 games, including titles such as Age of Dino, Overworld, and Palio. The partnership leverages Forge’s platform to introduce Xterio’s content to a broader audience, enhancing user engagement and retention through integrated SocialFi rewards. “Our mission at Forge is to enhance the gaming experience for both players and game creators and publishers,” said Kun Gao, CEO at Forge. “With this partnership with Xterio, we…