Author: NBTC

Binance, the world’s largest cryptocurrency exchange, has published its 16th proof of reserve in order to provide transparency into the platform’s financial operations. The snapshot process was carried out on March 1. The most important points from Binance’s reserve proof sharing were: Users’ Bitcoin (BTC) assets stood at 562,000, a decrease of 31,998 BTC compared to the previous month. User Ethereum (ETH) holdings stood at 3.98 million, a decrease of 180,000 ETH. Users’ Tether (USDT) assets increased by 1.71 billion USDT and reached 19.5 billion. The proof of reserve provided a detailed breakdown of client and Binance net balances for…

Athens, Greece — Athens Exchange Group, or ATHEX, today has announced its partnership with Mysten Labs to explore upgrading its Electronic Book Building (EBB) to a distributed ledger technology platform using Sui, a Layer 1 smart contract platform developed by the core research team behind Facebook’s Libra/Diem and Move projects.—The EBB, a novel fundraising mechanism by ATHEX, operates as a meta-layer over the existing trading order routing system. It aims to leverage the network of ATHEX Members, including banks and brokerage firms, to provide liquidity for companies seeking funds. The EBB facilitates smooth order collection, efficient pricing, distribution, and settlement,…

Ethereum (ETH) has been “massively eclipsed” by Bitcoin (BTC) in recent months. However, this could change significantly in 2024, according to Juan Leon, a crypto research analyst at asset manager Bitwise. Despite Bitcoin hitting all-time highs, Leon believes ETH could more than double in price this year. “Ethereum could go above $8,000, $10,000 this year, maybe even higher,” Leon said in a recent interview. Leon noted that although Bitcoin has gained attention with the launch of Bitcoin ETFs, there are at least two important catalysts that will bring ETH into focus. One of these catalysts, according to the analyst, is…

Santiment on-chain data aggregator has published a tweet to say the two largest cryptocurrencies have greatly surpassed the S&P 500 index on weekly returns. It happened after Bitcoin soared to a new epic high of $70,199 on the Coinbase exchange and Ethereum also staged a massive rise, almost hitting $3,400. BTC and ETH beat S&P 500, decoupling from it Santiment has tweeted that Bitcoin and Ethereum have outperformed S&P 500 this week by returns significantly: BTC showed +10%, Ethereum printed an increase of +14.7%, while the aforementioned equities index showed only a +0.5% surge. The analytics team has stressed that…

The Coinbase ecosystem seems to be reacting negatively to the same Bitcoin rally that has investors beaming with joy. Another Coinbase Glitch on Record Coinbase, the American cryptocurrency exchange is recording another outage as Bitcoin hits a new all-time-high (ATH). This is about the third Coinbase outage within the last two weeks. Coinbase users reported a widespread disruption as the network went offline. According to data from Downdetector, there has been a bulk of problem reports submitted in the past 24 hours. Crypto commentator MartyParty reiterated the news of the outage on X, highlighting that the exchange has constantly chosen…

Ethereum’s milestone Dencun upgrade, expected next week, is expected to result in lower costs for layer-2 blockchains to stash data on the main blockchain – a reduction that’s likely to be passed along to users of the auxiliary networks in the form of lower fees. CoinDesk spoke with Polygon’s Jordi Baylina, Arbitrum’s Steven Goldfeder, StarkWare’s Eli Ben-Sasson and Base’s Jesse Pollak to get their predictions on the impact. Ethereum developers are gearing up for the blockchain’s next big upgrade happening next week, called Dencun. It’s supposed to issue in a new era of lower costs for “layer-2” blockchains, including so-called…

Ethereum price extended its increase toward $3,950. ETH is now consolidating gains and might aim for a move above the $4,000 resistance. Ethereum traded to a new multi-month high above $3,940. The price is trading above $3,850 and the 100-hourly Simple Moving Average. There was a break above a short-term bullish flag pattern with resistance at $3,830 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its increase if it clears the $3,940 resistance zone. Ethereum Price Remains In Strong Uptrend Ethereum price extended its rally above the $3,850 level, unlike Bitcoin. BTC failed to…

BlackRock’s iShares Bitcoin Trust (IBIT) surpassed MicroStrategy’s Bitcoin (BTC) holdings with a net inflow $2.07 billion in the week. Moreover, the milestone comes amidst a robust total weekly net inflow of Spot Bitcoin ETFs, which stands at $2.23 billion. BlackRock Eclipses MicroStrategy BTC Holdings As the week drew to a close on Friday, March 8, Spot Bitcoin ETFs recorded a net inflow of $223 million, which indicated a substantial decrease from Thursday’s figure. The inflows were led by BlackRock’s IBIT with a substantial inflow of $336.3 million, equivalent to over 4,900 BTC. Hence, this influx propelled BlackRock’s total Bitcoin holdings…

Ethena Labs’ stablecoin has pocketed $4 million for its treasury with high yields derived from ether-future funding rates and staking ether to a validator. The project has seen early success with a controversial concept, increasing its treasury to over $16 million and becoming the third-largest revenue generator in the crypto market. Stablecoin project Ethena Labs has bagged over $4 million for its treasury less than two weeks after going live, showcasing early signs of success with a concept that has divided market participants. The firm’s USDe, a synthetic dollar that aims to be pegged to $1 by shorting ether (ETH)…

The cryptocurrency market works in cycles, usually dominated by one or two leading narratives to gain protagonism. As a new bull market begins, investors look to identify the next crypto narrative, while Binance hints at payments. Notably, a new category surged on the Binance Markets‘ page, listed as the second category right after “Meme.” Meme coins, together with Layer 1 Web3 and DeFi blockchains, were part of the dominating narratives in 2021’s cycle. The recently added category is “Payments,” bringing a flame icon next to it, suggesting a hot trend in Binance’s eyes. Interestingly, the centralized exchange positioned the Payments…