Month: March 2024

Nibiru Chain Debuts Public Mainnet Along with Four Major Exchange Listings – Blockchain News, Opinion, TV and Jobs

Tortola, British Virgin Islands, March 12th, 2024, Chainwire Nibiru Chain, a developer and user-centric Layer 1 platform, has officially launched its public mainnet. Nibiru Chain stands out by offering a secure and efficient environment for building highly-performant decentralized applications. It is distinguished by its robust smart contract ecosystem offering superior throughput and unparalleled security, making it the go-to platform for builders in gaming, real-world assets (RWAs), NFTs, DeFi, and more. Empowering Users with a Rich Ecosystem At launch, Nibiru Chain offers a wide range of functionalities to its community and…

Crypto Institutional Investors Are Frontrunning Retail As Inflows Reach Record Highs

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Crypto investment products continue to shine in the middle of a strong bullish market sentiment. New data has shown institutional investors and traders are now going full speed on crypto investment products, allowing inflows to attain a new inflow record. According to CoinShares, a digital asset investment firm, digital investment products registered a record weekly inflow of $2.7 billion last week, pushing the year-to-date inflow near a new record. Crypto Institutional Investors Continue To Aim Higher The crypto market has attracted its fair share of rich visionaries and institutional traders…

Blobs Launch on Gnosis Chain before Ethereum’s Dencun Upgrade

CoinspeakerBlobs Launch on Gnosis Chain before Ethereum’s Dencun Upgrade In advance of Ethereum’s eagerly anticipated Dencun upgrade, Gnosis Chain has taken a pioneering step by introducing blobs – a novel approach to enhancing the blockchain’s data handling capabilities. Ethereum’s Dencun Upgrade: A Closer Look At the heart of the Dencun upgrade lies Ethereum Improvement Proposal (EIP) 4844, also known as proto-dank sharding. This proposal introduces blob transactions as a solution to the high costs and inefficiencies associated with current data storage methods on the blockchain. Currently, Ethereum and its Layer…

U.S. CPI Unexpectedly Rises to 3.2% Annual Pace in February

The U.S. Consumer Price Index rose faster than expected last month, with the year-over-year pace up to 3.2% versus estimates for 3.1% and January’s 3.1%, the government reported Tuesday morning. The core rate – which strips out food and energy costs – also disappointed to the upside, coming in at 3.8% against expectations of 3.7%. Source

Grayscale Plans Low-Fee GBTC Spinoff: the Bitcoin Mini Trust

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If the product, the Grayscale Bitcoin Mini Trust, is approved, existing GBTC investors would benefit from lower total blended fees, while not being expected to pay capital-gains tax to automatically transfer into the new fund. Realization of capital gains is one of the reasons GBTC shareholders have been tied to the existing product, with its high fees relative to rival offerings. Original

This German Exchange Opened the Floodgates for Institutional Crypto

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Germany’s leading stock exchange operator, Deutsche Börse, has successfully launched its regulated crypto spot trading platform, DBDX. This marks a significant milestone in the growing institutional adoption of digital assets. The platform has already facilitated its first transactions, with ICF Bank and Bankhaus Metzler trading and settling the cryptocurrency Ethereum against euros. Initially, DBDX will offer trading in Bitcoin and Ethereum on a request-for-quote (RFQ) basis, with multilateral trading to follow. “We have processed the first cryptocurrency trades on the T7 trading architecture of Deutsche Börse Digital Exchange DBDX and…

Economic Intelligence Unit: Nigerian Central Bank Lacks Capacity to Defend Local Currency

The Economic Intelligence Unit has stated that the Central Bank of Nigeria cannot halt the rapid depreciation of the local currency. The continued volatility of the naira is expected to result in erratic regulation, primarily affecting businesses that hold foreign exchange. Nigeria Presses Ahead With Reforms The Economic Intelligence Unit (EIU) has stated that the […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Ethereum price rally at risk amid $900M Profit-taking spree

Ethereum price grazed $4,100 territory in the early hours of March 12, but a profit-taking wave observed among long-term holders threatens to scuttle the rally.  After a blistering 73% rally over the last 30-days, Ethereum price rally has hit a brick wall at $4,100 mark. Can the bulls regroup for another brazen attempt at the $4,500 milestone or will ETH price surrender the $4,000 support.  Long-term investors traded 167,500 ETH within the last 24 hours Unlike Bitcoin (BTC), which has entered the price discovery phase, Ethereum is still about 22%…