Author: NBTC

Bitcoin’s (BTC) market cap is consistently in excess of 50% of the size of the total crypto industry, meaning more funds are held in BTC than every other digital asset combined. With bitcoin dominance reaching multiyear highs of over 60% during the current bull market, projects built on other networks have been looking for ways to get a slice of the pie. Now the AI bots are giving it a go. Artificial intelligence-focused Ethereum layer-2 blockchain Mode is the latest to bridge to Bitcoin in an attempt to access the deep wells of liquidity held in BTC. Mode has teamed…

The bearish sentiment is prevailing in the broader crypto market with Ethereum (ETH) continuing its price consolidation. As of this publication, ETH is trading at $3,315 after a decrease of about 1.57% from the previous close. The leading altcoin has seen an intraday high of $3,397 and a low of $3,282, showing some volatility within this range. ETH Price Analysis Ethereum has declined by almost 13.72% during the last 7 days, showing a bearish trend in the market. This price dip follows massive gains seen earlier this month, after which the price corrected downward. In terms of technical indicators, the…

Chainlink (LINK) has surged to its highest level since January 2022, reaching $29.45 on Thursday as demand for the asset from sophisticated investors continues to rise. The decentralized oracle network posted a 20% gain over the last seven days and a 119% increase over the past month, making it one of the best-performing cryptos in recent weeks, according to CoinGecko data. The rally comes as LINK’s futures open interest (OI) reached an all-time high of $770.27 million, Glassnode data shows. This figure dwarfed the OI of competitors such as Toncoin (TON) at $259 million and TRON (TRX) at $356 million.…

Binance Futures has announced that it has postponed the delisting date of its USDⓈ-M OMGUSDT Perpetual Contract to January 31, 2025 at 12:00 PM. Binance Futures Postpones Delisting of OMGUSDT Perpetual Contract to January 2025 According to the announcement, Binance will perform automatic reconciliations on the OMGUSDT Perpetual Contract before proceeding with its delisting. Users are advised to manage their positions accordingly to avoid unexpected liquidations. This marks an extension from the exchange’s initial timeline and gives investors additional time to adjust to the changes. Binance did not specify the reasons for the delay but reiterated its commitment to rolling…

EOS Wallet, a MetaMask integration for the EOS Network, has been launched, and the Greymass team is thrilled to announce its introduction. Through the launch of this release, more than thirty million MetaMask users who are active on a monthly basis are able to access and engage with the EOS ecosystem in a smooth manner, therefore reducing obstacles and enhancing the user onboarding experience. Greymass was allocated a share of the 15 million EOS that was allotted to a Middleware effort as part of the new tokenomics that was authorized by the EOS Network. The goal of this initiative was…

Chinese tech company Meitu had sold its entire crypto holdings of 940 Bitcoin and 31,000 Ethereum for $180 million, exiting the market just before Bitcoin’s surge to $100,000, according to a recent statement. The company, known for its photo editing apps, initially invested $100 million in crypto assets in March and April 2021, spending $49.5 million on Bitcoin and $50.5 million on Ethereum. The disposal occurred in two phases. Meitu first sold approximately half of its holdings for $80 million last month. In December, the company sold the remaining 470 BTC at an average price of over $95,000 and 15,703…

KaJ Labs has committed $100M to developing advanced AI tools for the XRP ecosystem. Through its Atua AI platform, KaJ Labs will enhance DeFi and enterprise operations with AI-driven solutions. KaJ Labs, the developer behind the innovative enterprise platform Atua AI, has announced a $100 million investment to create advanced AI tools tailored explicitly for the Ripple (XRP) ecosystem. 🔥 #AtuaAI developer, @KaJLabs, commits $100M to develop #AI tools for the #Ripple #XRP ecosystem. Learn more: https://t.co/RO1D4lC10e pic.twitter.com/smDqLq8sVc — Atua AI (@AtuaAI) December 12, 2024 This initiative aims to enhance AI-driven solutions in decentralized finance (DeFi) and enterprise operations, leveraging…

OKX has announced the launch of Ordinals Launchpad, a platform that allows on-chain creators to launch, inscribe and trade collections directly on the Bitcoin ecosystem. The major crypto exchange OKX is bringing Ordinals into the fold by releasing the new Ordinals Launchpad platform for creators who want to launch and inscribe directly on Bitcoin (BTC). The platform provides creators with the tools, exposure and technical support needed to make the Bitcoin inscription process as simple as possible. According to the official notice, the Ordinals Launchpad platform can now be accessed through the web or on a mobile device. Users can…

MoonPay, a popular platform offering cryptocurrency payment solutions, has announced integration with Element Wallet (Core DAO’s flagship wallet). The partnership denotes a noteworthy move for accessibility expansion to Bitcoin as well as the worldwide blockchain technology. The platform disclosed this development on its official social media account. it’s a good day to grow the Bitcoin ecosystem 💜 we’ve integrated with @elementwallet, the flagship wallet of @Coredao_Org 🧡 we’ve made CORE token available worldwidecheers to the future of BTC! pic.twitter.com/Dl3xJyvEnk — MoonPay 🟣 (@moonpay) December 18, 2024 MoonPay Collaborates with Element Wallet to Offer Seamless Transfers MoonPay pointed out that, by…

On-chain asset manager Hashnote is aiming to capitalize on the potential $47 billion Bitcoin bridging market through a strategic integration with Core, a proof-of-stake layer for Bitcoin. Core is an end-to-end PoS layer for Bitcoin (BTC) that enables non-custodial BTC staking. The platform, whose mainnet went live in January 2023, supports an Ethereum Virtual Machine-compatible Bitcoin finance ecosystem, or BTCfi. According to a press release shared with crypto.news, Hashnote will utilize Core’s technology to provide users access to Bitcoin yield without exposing them to additional credit or custody risks. “This collaboration showcases the growing demand for secure, sustainable, and scalable…