Author: NBTC

3A, a decentralized lending protocol, has recently announced its release on the Linea Mainnet. The company disclosed the news of the launch in its blog, announcing the major updates such as cashback pool and whitelisted collaterals. The company noted that the project will also offer the redemption fee to the owner of the vault. 3A Launches Its Lending Protocol on Linea The platform published a blog post to provide details about the project’s exclusive updates. While informing the DAO members about the respective features, the firm revealed its firm belief in the project’s future. While justifying the selection of Linea…

The price of bitcoin saw a significant fluctuation after remaining fairly consolidated over the past two days. After bulls managed to see bitcoin’s price rise to $71,754, the value dropped to a low of $68,557 per unit shortly after reaching the daily high. Liquidations Rise Following Bitcoin Price Drop Over the past 48 hours, bitcoin (BTC) has been in a consolidated pattern without much fluctuation. On Wednesday, March 27, 2024, that changed when the price spiked at around 9:15 a.m. Eastern Time and ran up to a high of $71,754 per coin. The bulls could neither hold the price in…

Data shared by the @spotonchain analytics X/Twitter account shows that a smart whale has sold a large Ethereum chunk. It included a lot of dormant ETH coins acquired when the second largest cryptocurrency traded below the $700 zone. Dormant ETH coins bring whale $10 million in profit The tweet reveals that this whale (wallet ending in 0xf2b) has dumped all of his Ethereum – 17,768 ETH, selling it for 62.24 million DAI. The aforementioned amount of Ethereum is equal to a massive $63,655,281 in fiat. That is a ROI of more than 400%, the tweet states. Whale 0xf2b sold all…

ETFGI, an independent research firm, reports assets invested in cryptocurrency exchange traded funds (ETFs) and exchange traded products (ETPs) listed globally have reached a major new milestone of $69.39 billion at the end of February seeing a 358.9% from $15.12 billion at end of 2023. Crypto ETFs and ETPs listed globally have gathered net inflows of $9.20 billion during the month of February, bringing year-to-date net inflows to $36.76 billion, which is much higher than $179.02 million in net inflows at this point last year. According to research firm ETFGI which was launched in 2012 by Deborah Fuhr who previously…

Fantom (FTM) is one of the altcoins looking to break higher in coming weeks. This outlook continues to strengthen as the layer-1 platform moves closer to its mainnet launch of the Sonic upgrade. It also materializes as the accumulation currently happening across the crypto market signals a potential bull breakout. Fantom edging closer to Sonic Fantom’s Sonic upgrade is set for spring. With testnets launched in October last year, anticipation for what it could mean for the platform is high. At its core, Sonic aims to enhance the Fantom Virtual Machine with new smart contracts language while cutting on costs…

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sanctions against six entities based in Liberia, India, Vietnam, Lebanon, and Kuwait. Per the announcement, the sanctioned entities have been implicated in facilitating commodity shipments and financial transactions, including cryptocurrencies for the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF), the Houthis, and Hezbollah. Treasury has sanctioned 6 entities, 2 people and 2 tankers across 5 countries who are involved in the financing or shipping of oil for the IRGC-QF, the Houthis, and Hizballah – another step in the campaign to disrupt IRGC-QF support to terrorist proxies. https://t.co/hSFydBbEXu…

In response to the recent court decision denying Coinbase’s motion to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC), Bitcoin experienced a notable decline in value. The court ruled in favor of the SEC, acknowledging the regulator’s arguments regarding Coinbase’s operations as an exchange, broker and clearing agency, along with allegations of engaging in unregistered sales of securities. Following the court’s decision, Bitcoin’s price saw an immediate sell-off, dropping over 4% to $68,680. CoinGlass data indicates a significant increase in liquidated positions in Bitcoin, totaling $14.15 million within one hour of the announcement, with a majority speculated…

The Ethereum mainnet recently experienced a disruption characterized by missing blocks, raising concerns regarding the network’s stability and performance. This incident has prompted Ethereum developers to launch an investigation into its underlying causes. The X handle of beacon chain. eth, an open-source Ethereum explorer, drew attention to the situation, noting that Ethereum core developers are investigating it: “The Ethereum network has been struggling and missing blocks for the past few epochs. Core developers are investigating, but it’s best to monitor your nodes closely,” it noted in a tweet late Wednesday. The Ethereum network has been struggling and missing blocks for…

Experts have projected that Hong Kong’s gross domestic product (GDP) may significantly grow in the coming years, buoyed by tokenization and a potential pivot to central bank digital currencies (CBDCs). The predictions come on the heels of a recently completed e-HKD pilot involving the trio of Boston Consulting Group (BCG), Hong Kong Telecom, and ZA Bank on tokenized real-world assets. The study, probing the feasibility of tokenizing real estate and other assets, demonstrated potential in improving the digital economy of the Special Administrative Region (SAR). In its submission, BCG surmised that the combination of digital assets would lead to a…

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. In Nigeria, home of the largest digital asset economy in Africa, a feud has been developing between the government and Binance—a feud that has culminated with one of the company’s executives escaping house arrest and fleeing the country. Boasting the sixth-largest population in the entire world, the Federal Republic of Nigeria holds a large economic influence over the African continent and…