Author: NBTC
TON leads blockchain performance in 2024 with unmatched growth and widespread user interest across sectors. Bitcoin and Ethereum trail behind as TON’s speed and scalability redefine blockchain priorities this year. TON’s expanding ecosystem and developer focus make it the most promising blockchain for innovation and adoption in 2024. Toncoin has emerged as the top cryptography protocol in 2024 with a 177.9% year-to-date growth that surpasses all major competitors. Data from CryptoQuant outlines its exceptional rise compared to Bitcoin, Ethereum, and other major blockchain networks, signaling increasing adoption and user interest. Its unexpected surge in value reflects growing momentum among developers…
BlackRock, the largest asset management in the world, officially launched iShares Bitcoin Trust ETF (IBIT) for options trading in Nasdaq, while Bitcoin (BTC) hit an all-time high of $94,041. Since the Securities and Exchange Commission (SEC) approved Bitcoin ETF trading options in September, IBIT is the first crypto product to reach the final clearing steps in the past four days and was approved on Nov. 18. Now, IBIT goes live on the U.S. stock market. According to Bloomberg Intelligence ETF analyst James Seyffart, in his X’s post on Nov. 19, there are 289,000 call options and 65,000 put options in…
Ethereum holds steady above $3,300, as crypto traders gear up for President-elect Donald Trump’s inauguration. Derivatives traders are bullish on Ethereum, and open interest in Ether’s derivatives contracts crossed $30 billion as of Friday. Ethereum’s large wallet investors continue accumulating the token despite its lacklustre price performance in 2024. The altcoin enjoys a high correlation with Bitcoin, and the recent market movers are conducive to gains in Ether. Table of Contents Ethereum sees big bets from derivatives traders Ethereum on-chain analysis Ethereum market movers Technical analysis and ETH price forecast Vitalik Buterin’s take on Ethereum Layer 2 and the future…
A recent study from the University of Georgia shows a high correlation between social media use and crypto investment. The study, published in the International Journal of Bank Marketing, aims to analyze the influence of social media on investors’ behaviour towards cryptocurrencies. The research done by Kyoung Tae Kim and Lu Fan investigates the connection between time spent on social media and the propensity of people to invest in cryptocurrencies. The study shows that social media significantly influences investment decisions, including risky ones such as cryptocurrencies. Cryptocurrencies remain rather popular, even though they are characterized by high fluctuations. This study…
In a significant advancement for the cryptocurrency market, Ondo Finance is leveraging LayerZero technology to enhance the interoperability of its yield-bearing stablecoin, USDY. This integration allows USDY to function seamlessly across various blockchain environments, marking a critical evolution in DeFi stablecoins. LayerZero’s technology positions USDY as a strong competitor to established stablecoins like USD Coin (USDC) and Tether (USDT), as indicated by Ondo’s recent remarks. Ondo Finance enhances its yield-bearing stablecoin, USDY, with LayerZero, ensuring seamless cross-chain functionality in the DeFi space. Ondo’s Strategic Move to Enhance USDY Fungibility Across Blockchain Networks Ondo Finance is at the forefront of innovation…
Bitcoin price is consolidating gains near the $91,000 zone. BTC is holding gains and might soon aim for more upsides above the $94,000 level. Bitcoin started a fresh increase above the $91,000 zone. The price is trading above $91,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $90,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $93,200 resistance zone. Bitcoin Price Could Rally Again Bitcoin price remained supported above the $90,000 level. BTC formed a base…
According to the latest development, Vitalik Buterin, the founder of Ethereum, the world’s largest altcoin, announced that the Ethereum Foundation will undergo a complete overhaul following intense criticism. Ethereum co-founder Vitalik Buterin has announced “major changes” to the leadership structure of the Ethereum Foundation (EF) following increasing criticism from the community. In a detailed statement, Buterin outlined ongoing reforms aimed at improving the foundation’s effectiveness and alignment with the ecosystem it serves: “We are currently in the process of major changes to the EF leadership structure that have been ongoing for close to a year. Some of these have already…
Several big stories and developments have occurred in the crypto space this week, including Binance listing three AI agent tokens, Grayscale revealing 39 assets to be included in its investment products, and Donald Trump’s Inaugural Crypto Ball. XRP also soared to a six-year high with cascading impacts on the crypto market, and JPMorgan predicted a $14 billion market from potential XRP and Solana ETFs. Binance Lists Three AI Agent Tokens to Great Success Binance, one of the world’s leading crypto exchanges, listed three new AI agent tokens on January 10. The firm also allowed zero-fee trading on the three tokens:…
Jed McCaleb, the founder of the Stellar Development Foundation (SDF), recently stated that Stellar is, in fact, “very different” from Ripple. “Just to clarify, Stellar is very different from Ripple. No shared code, different consensus mechanism, different features, we have smart contracts, etc,” he said. The former Ripple CTO made this clarification after Cardano founder Charles Hoskinson took a dig at Solana during one of his recent livestreams. Hoskinson recently accused the Wyoming Stable Token Commission team of bias due to snubbing Cardano. Meanwhile, Stellar was included on the list of networks that were determined to be in-scope for the…
Binance, a noteworthy centralized crypto exchange, has recently shared updates concerning the crypto procedures. As per Binance, the users living in Belgium and Poland will have to comply with the updates for crypto transfer processes to ensure compliance with the latest EU regulatory requirements. The crypto exchange disclosed this announcement on its official web portal. Binance Announces Exclusive Updates for Crypto Transaction Process in Belgium and Poland Binance mentioned that it is releasing unique updates targeting crypto transfer processes for Belgium and Poland-based users. The changes reportedly focus on increasing regulatory compliance within the European Union. In this respect, the…