Author: NBTC
The world’s largest cryptocurrency exchange by trading volume will discontinue its P2P Cash Zone, a peer-to-peer service allowing users to buy and sell crypto for cash with registered merchants, on March 31, 2025. According to a March 3 email sent to users, Binance explained its reason for shutting down the program, saying it will be focusing more on its primary offerings. “Binance has made the decision to wind down the P2P Cash Zone. This decision reflects our commitment to focusing on our core services and continuing to develop solutions that best serve our global user base,” the company stated. According…
Major U.S. cryptocurrency mining companies listed on Wall Street reported lower Bitcoin (BTC) production in February compared to January, citing shorter month and network difficulties as key factors. Moreover, the decline in revenue was impacted by a sharp correction in BTC prices last month, with the oldest cryptocurrency losing 18% and briefly dropping below $80,000. According to the latest JP Morgan report, this had a very negative effect on the market capitalization of mining companies. Cipher Mining Inc. (NASDAQ: CIFR) produced approximately 180 bitcoins in February, down from 219 in January. The company attributed the decrease partly to a brief…
Hela Labs has excited the public by announcing a piece of groundbreaking news on its official X account. Hela Space is now collaborating with Palm Code to revolutionize the future with AI-powered palmistry. AI has integrated every aspect of life so why not palmistry? Together both these networks are on the way to redefine our understanding of fate and personality. We’re excited to announce our newest collaboration with @palmcode_ton!PalmCode is a next-generation platform that seamlessly integrates artificial intelligence with the ancient art of palmistry, redefining the way we understand fate and personality.Together, we’re bridging… pic.twitter.com/erlS9ViC5E — HeLa Space 🍀 (@HeLa_Labs)…
The price of Bitcoin has seen a significant drop today, falling 8% to a multi-week low, as concerns about the state of the bull market emerge. Recent insights from Glassnode highlight several risk factors that could lead to continued bearish momentum for Bitcoin in the near term. Weakening Market Conditions In its latest analysis, Glassnode outlined several risk factors contributing to the current market downturn. These include declining capital inflows, with a noticeable slowdown in investment into Bitcoin. Additionally, it observed mixed institutional Bitcoin ETF flows. For consecutive weeks, Bitcoin ETFs have recorded outflows. The close of business yesterday saw…
Starknet, a layer-2 on top of Ethereum, is getting its first application-chain that settles on the network. The layer-3 app-chain, called Nums, is built off of the “SN Stack,” a customizable toolkit that lets developers create layer-3 blockchains based off of Starknet’s technology. Nums itself is an on-chain game that lets players try to sequence a series of 20 generated numbers. Users will be able to earn $NUMS tokens by playing the game, with the tokens issued via Starknet. StarkWare, the main developer firm behind Starknet, originally shared in July 2023 that it was building the SN Stack. The announcement…
Upbit, South Korea’s largest cryptocurrency exchange, is set to launch trading for the KAITO token. Trading pairs will be available in Korean Won (KRW), Bitcoin (BTC), and Tether (USDT), with trading scheduled to begin at 3:00 PM (KST) on March 5th. Upbit Allows KAITO Trading From Today Market Support KAITO(KAITO) ✅ Supported Markets: KRW, BTC, USDT Market📅 Trading opens at: 2025-03-05 15:00 KST estimated 🔗Discover more:https://t.co/uDlqBGxCXv#Upbit #KAITO@KaitoAI pic.twitter.com/M4LHUoDygA — Upbit Korea (@Official_Upbit) March 5, 2025 According to the official statement, Upbit will provide additional details regarding the exact timing of transaction support once sufficient liquidity is secured on the platform.…
Riot Platforms mined 470 Bitcoin in February 2025, marking a 12% year-over-year increase despite an 11% drop from January. Riot continues strengthening its Bitcoin reserves and operational strategies, balancing efficiency improvements with market challenges. Riot Platforms has once again seized the focus in the cryptocurrency world, reporting the mined of 470 Bitcoin worth $39.6 million in February 2025. Riot’s output is still up 12% compared to the same period last year, even if this statistic is down 11% from the month before. Still, this production count is not the sole highlight. Riot has also moved significantly to bolster its position…
Weaver Labs, a well-known platform leading DeFi innovation, has announced its exclusive collaboration with DeSpeed, a decentralized network offering internet speed validation. The partnership targets to redefine the internet performance by merging the cutting-edge decentralized telecom functionalities with latest internet performance validation. The platform disclosed this endeavor on its official X account. 🚀 We’re excited to announce our collaboration with @despeednet, the world’s first decentralized network for internet speed verification, powered by real-time blockchain validation. ⚡DeSpeed is transforming the way internet performance is measured and validated. By utilizing… pic.twitter.com/BwyNRZkTTk — Weaver Labs (@Weaver_Labs) March 3, 2025 Weaver Labs Partners with…
Trading firm Wintermute has sold its entire Bitcoin (BTC) holdings as the cryptocurrency dropped below $90,000. The liquidation coincides with a broader market decline, with Bitcoin falling 7.82% to $88,020.00. This move follows a pattern of strategic selling by the market maker, which currently manages $628.44 million across multiple assets, including substantial positions in Solana (SOL) and stablecoins. The timing of Wintermute’s exit from Bitcoin raises questions about market sentiment and potential advance knowledge of price movements. Witntermute’s strategic selling Arkham Intelligence data reveals a bold pattern of market timing by Wintermute, with the firm consistently exiting Bitcoin positions ahead…
Ripple USD (RLUSD) has recorded a massive 327% leap in volume despite the broader cryptocurrency market downturn. CoinMarketCap data reveals that the stablecoin has also experienced relative price stability in the last 24 hours. European demand fuels RLUSD surge Notably, the 327% surge in trading volume places RLUSD at $203.22 million in dollar terms. The data shows that this spike in volume was largely driven by the Bitstamp exchange via the RLUSD/EUR and RLUSD/USD pairs. This suggests that European users of RLUSD might primarily drive the current market surge. The development is significant considering that Ripple halted stablecoin minting over…