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Author: NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

USDP briefly spikes to $1.28, costing an Aave trader $529k

The value of the stablecoin Pax Dollar (USDP), issued by the Paxos Trust Company, experienced a surge to a high of $1.28, triggering the liquidation of $529,000 in USDC for a market participant. Like regular stablecoins, USDP is designed to maintain a stable value equivalent to a U.S. dollar, providing a safe haven for traders against the volatility often associated with cryptocurrencies. However, the recent unexpected increase in price, spotlighted by PeckShield, has raised concerns. #PeckShieldAlert #Liquidation An address (0x09a5…a87f) was liquidated ~529K $USDC after $USDP (Pax Dollar) surged to $1.18 pic.twitter.com/UbWxx8kZU4 — PeckShieldAlert (@PeckShieldAlert) April 17, 2024 The stablecoin…

DeFi

Inspect Integrates MultiversX Across Platform, Enhancing NFT Exploration and Insights

Inspect, a leading Web3 social intelligence platform in the crypto market, has announced the official integration of its esteemed partner, MultiversX, across its entire platform. This collaboration aims to provide users with enhanced tools and insights to explore the MultiversX ecosystem seamlessly. One of the standout features of this integration is the introduction of a dedicated collection ranking system for MultiversX-based NFT projects. Users can now filter collections based on floor price, unique Profile Pictures (PFPs), PFPs per NFT, and community reach. This new ranking system promises to streamline the process of discovering and assessing MultiversX NFT collections, making it…

NFT

Hong Kong-Based First Digital's $3B Stablecoin Arrives to Sui Network in DeFi Push

Sui will be the third blockchain for native FDUSD after being available on Ethereum and BNB Chain. The integration is part of an effort to make the token more embedded into the decentralized finance space, First Digital's CEO said in an interview with CoinDesk. Hong Kong-based stablecoins issuer First Digital Trust said Wednesday that it is expanding its $3 billion dollar-pegged FDUSD token to the Sui (SUI) blockchain after being available of Ethereum (ETH) and BNB Chain (BNB). The expansion is part of First Digital's effort to boost FDUSD usage among decentralized finance (DeFi) users, CEO Vincent Chok said in…

Altcoins

Binance.US Taps Former New York Fed Compliance Chief for Board Role

Binance.US added Martin Grant, a one-time Federal Reserve Bank of New York official who spent 17 years as its chief compliance and ethics officer, to its board of directors, the exchange announced Tuesday. Grant, the current global head of regulatory affairs at JST Digital, takes on the role months after Changpeng Zhao, the founder and former CEO of the global Binance exchange, stepped down as chair of the board following the global exchange's multibillion dollar settlement with various U.S. regulators on money laundering and sanctions violation allegations. Binance.US was not a party to these settlements. In a statement, Grant said,…

Exchanges

Mysterious Bitcoin Move to Binance Makes BTC Price Plummet Again: Details

As the world’s flagship cryptocurrency has staged a massive plunge over the past 24 hours, @lookonchain analytics platform has noticed a curious Bitcoin transaction that preceded this price fall. It pointed out this is not the first time that this whale has sold a massive BTC amount right before the price stages a big fall. Bitcoin plummeted over whale? Here's what happened @lookonchain has spotted a mysterious cryptocurrency holder (large holders like this are often referred to as whales within the crypto community) who transferred a massive 4,637 BTC chunk to a hot wallet linked to the Binance exchange within…

Bitcoin

Most Similar On-Chain Swap Platforms

Decentralized exchanges (DEXs) are bringing a revolution to the cryptocurrency space, which is currently still dominated by centralized platforms. By building directly on the blockchain, projects are trying to overcome some of the biggest downfalls of centralized exchanges. When using a centralized exchange, you have to essentially hand over your coins to them, and trust that they will store them competently and honestly. Changes are also vulnerable to hacks or interventions from regulatory authorities, who can shut them down and make your funds unavailable. Blockchains, on the other hand, function 24/7, and their decentralized design makes them almost impossible to…

DeFi

Bitcoin Wizards dominates crypto and NFT scenes with impressive gains

A new Bitcoin (BTC) ordinals project called Bitcoin Wizards, and its native token WZRD, are dominating both the crypto and non-fungible token (NFT) sectors after recording significant gains over the past day. WZRD is up by 88% in the past 24 hours and is trading at $9 at the time of writing — making it the top gainer among the leading 500 cryptocurrencies. The asset briefly touched an intraday high of $113.8 at around 09:30 UTC on April 16 after its trading activity skyrocketed. WZRD price – April 17 | Source: CoinMarketCap On April 15, five days after its launch,…

NFT

A Revolutionary Self-Custodial Crypto Payment App

Nimiq, the blockchain ecosystem aiming to simplify cryptocurrency for global adoption, has marked a significant milestone in its journey towards becoming the world’s leading digital asset for payments with the introduction of Nimiq Pay. The launch will take place during Token2049 Week in Dubai, introducing an intuitive self-custodial crypto payments app designed for both crypto enthusiasts and mainstream users. Nimiq Pay promises to redefine crypto payments by supporting transactions across multiple networks, bridging the gap between the crypto and traditional finance worlds. One of its standout features is its integration of cross-chain atomic swaps to the BTC Lightning Network. This…

Exchanges

Is Bitcoin’s Bullish Future in Despair?

In a recent downturn in the Bitcoin market, the cryptocurrency saw a grave decline from its new all-time high to a one-week low of $66,629. Bitcoin’s sudden fall of more than 5% after hovering at the record high of $73,803.25 shows the inherent volatility of the crypto market. Despite slight fluctuations, the largest cryptocurrency has been riding on a positive track over the past few weeks. The growing demand for the Spot Bitcoin ETF, demonstrated by the astounding trading volume and inflows, and the upcoming Bitcoin halving have highly contributed to the bullish trend in BTC. However, the recent fall…

Bitcoin

EigenLayer removes caps, sees record $157 million inflow as Lido dominance dips

Ethereum restaking protocol EigenLayer saw inflows of approximately $157 million in Lido’s staked ETH during the last 24 hours, marking the digital asset’s highest inflow on the platform since February. Notably, this significant inflow into EigenLayer comes at a time when Lido’s share of the Ethereum staking market has dropped below 30% due to outflows into restaking protocols. LST cap removal On April 16, EigenLayer announced the removal of caps on all ETH liquid staking tokens (LST) and unpaused restaking deposits. The removal of LST caps signifies a pivotal phase for EigenLayer’s ecosystem as it strives to foster an open…

DeFi