Author: NBTC

Binance, one of the leading cryptocurrency exchanges, announced that it supports the upcoming token swap and revaluation plan for Stratis (STRAX), a blockchain platform designed for enterprise-level solutions. Binance Announces Support for Stratis (STRAX) Token Swap and Renomination Plan General Information: Deposit and Withdrawal Transactions: Deposits and withdrawals of old STRAX tokens will be suspended starting from 20-03-2024 06:30. Binance will issue a separate announcement upon completion of the event to inform users about the reopening of deposits and withdrawals for the new STRAX tokens. Token Swap and Renomination: All old STRAX tokens will be swapped for new STRAX tokens…

Bitcoin miners have hoped for a speedy mining rate ahead of the crucial halving. According to a Bloomberg report, the use of energy by Bitcoin miners has reached a record level in the past month. The rise in mining rate also coincides with the supply shock has has kept BTC prices up and soaring. Bitcoin Miners Use Record Level of Energy Bloomberg highlights that in anticipation of a code update that could jeopardize revenue streams, Bitcoin miners are back in survival mode after a near-death experience during the most recent crypto winter. They are consuming energy at a record pace.…

Bitwise CIO Matt Hougan said that institutions “representing trillions of dollars in assets” are expected to start investing in spot Bitcoin ETFs by the second quarter. Hougan made the revelation in a weekly memo sent out to investors, parts of which were shared on social media. Influx of institutional interest Hougan wrote that Bitwise, and likely the other Bitcoin ETF issuers, are engaged in “serious due diligence discussions” with a variety of major financial and corporate entities that are interested in gaining Bitcoin exposure. He added that these entities include “major wirehouses, institutional consultants, and large corporations,” without disclosing further…

In a significant development on the crypto market, Whale Alert data has revealed a staggering transfer of 26,889 ETH, valued at an impressive $102.18 million, from an undisclosed source to the renowned crypto platform Binance. Such large-scale transactions typically spark intrigue within the crypto community, often interpreted as a move by a major investor to liquidate their assets. This transfer, notably, coincides with Ethereum’s recent surge to $3,800, marking its highest price point since January 2022. 🚨 🚨 🚨 🚨 🚨 26,889 #ETH (102,180,556 USD) transferred from unknown wallet to #Binancehttps://t.co/OnLlwBOIQ1 — Whale Alert (@whale_alert) March 7, 2024 ETH’s recent…

Bankrupt crypto exchange Cryptopia plans to distribute bitcoin and dogecoin to qualifying account holders in the coming months. The New Zealand company filed for liquidation after millions of dollars of tokens were stolen from the platform in a 2019 cyber attack. Cryptopia, a New Zealand-based crypto exchange being liquidated following a 2019 cyber attack, will start returning crypto to some of its account holders, according to an email sent to users on Thursday. The first round of distribution will see qualifying users getting their bitcoin (BTC) and dogecoin (DOGE) back in the next three months, the email said. “After the…

The latest bitcoin derivatives data indicates a continued climb in bitcoin futures open interest, hitting all-time peaks. Over the last day, statistics reveal an open interest of $32.30 billion across fourteen distinct bitcoin futures markets. Soaring Open Interest in BTC Futures Signals Growing Derivatives Market Friday, March 8, 2024, marked a notable day when BTC soared to a new peak price of $70,184 per coin at 10:30 a.m. Eastern Time. Although the price later declined, the bounce back was quicker compared to the substantial volatility bitcoin witnessed on March 5. The latest crypto rally has triggered a noticeable increase in…

After the SEC approved spot Bitcoin ETFs in January, all eyes turned to spot Ethereum ETFs. While investors expect ETH ETFs to also receive approval, Bloomberg ETF analyst Eric Balchunas expects the Ethereum spot ETF to have a 70% chance of being approved in May, while JPMorgan analysts said they see no more than a 50% chance of spot ETH ETF approval by May. While there is no full consensus on Ethereum ETFs, a new report came from BITMEX analysts. While speculation continues as to whether spot Ethereum ETFs awaiting approval by the SEC will provide returns from staking in…

With almost 100% ‘Yes’ votes in favor of a much-awaited proposal, a new Flare Network upgrade is set to be implemented shortly. Flare Network Upgrade Incoming Ripple’s ally Flare Network received support from its community on the implementation of FIP.06, a proposal that is expected to introduce new features to the Flare protocol. The proposal, which was created on February 14, required governance votes because the Flare upgrades require a hard fork of the network. Flare also regarded its community’s opinion in moving to its next significant growth level. In a complementary move, the community showed their full support by…

After the approval of Spot Bitcoin ETFs, Coinbase has seen a surge in dominance within the U.S. market with respect to BTC share. The reason behind this increase could be Coinbase’s move to serve as a custodian for 8 of the 11 newly approved Bitcoin ETFs. Coinbase Registers Jump In Bitcoin Market Share Over the last three months alone, Coinbase’s share of the Bitcoin market has escalated from 47% to a massive 60%, according to statistics from Kaiko, a blockchain data provider. This significant increase underscores Coinbase’s growing influence and underscores the impact of Spot Bitcoin ETF approval on crypto…

Alan Kohler, an Australian financial journalist, stated Bitcoin is an “insurrection,” given the tightly controlled rules that control the conditions behind its operation. Kohler explained that while bitcoin crashed tremendously in 2022, it constituted a “subversion to the whole basis of free-market financial capitalism” due to its regulated supply and controlled issuance, Adam Kohler States Bitcoin Is Not a Ponzi or a Bubble, but an Insurrection Traditional investors and journalists are starting to warm up to the idea of bitcoin as a disruptive asset for the financial system. Adam Kohler, an Australian financial journalist, has praised bitcoin for its predictability,…