Author: NBTC
The current state of the bitcoin market, which has failed to maintain its upward trend despite recent announcements from many companies adopting it as a reserve asset, has prompted concerns about the existence of paper bitcoin in the hands of custodians. Paper Bitcoin Woes Arise Due to Lack of Price Action The concept of paper bitcoin, tokens that don’t exist onchain and are only numbers in the computer of a custodian provider, is worrying members of the cryptocurrency community, who link this to the current lack of movement in the market. While bitcoin has indeed surpassed its latest record price…
The tokenization industry has gained momentum at breakneck speed. New use cases are continually emerging, with Boston Consulting Group projecting that the total size of this nascent sector could reach $16 trillion by 2030. Others believe it might take a little extra time. McKinsey recently forecast that the market capitalization of tokenized assets will hit $2 trillion by the end of the decade—and potentially $4 trillion in a bullish scenario. That would eclipse the current value of all cryptocurrencies and stablecoins in circulation. “Blockchain technology has the ability to expand participation in equity markets,” Colin Closser, investor relations manager at…
Cardano founder Charles Hoskinson recently reacted to a Bitcoin conference demo in Las Vegas that showed the emergence of Bitcoin DeFi powered by Cardano technology. The demo showcased Lace Wallet’s ability to let users swap native Bitcoin directly for Minswap tokens on Cardano within the same interface. This demonstration signals new possibilities for Bitcoin holders to engage with decentralized finance on Cardano without leaving their wallets. Reacting to the demo, Hoskinson remarked, “Welcome to the age of Bitcoin DeFi, brought to you by Cardano.” Welcome to the age of Bitcoin DeFi brought to you by Cardano https://t.co/HplIBLK2bY — Charles Hoskinson…
Codex, a new blockchain network for stablecoins that secured $16 million earlier this year from Dragonfly Capital, Coinbase, Circle, and other notable investors, has officially launched its mainnet to help make digital dollars more practical for everyday finance. The network went live today, June 24, with native support for USDC, which means the stablecoin can move across Codex without needing a cross-chain bridge or wrapper. Per a press release shared with The Defiant, the goal of Codex is to offer a smoother way for businesses and institutions to use stablecoins just as their global capitalization has recently climbed above $250…
Today, Threshold Network announced the launch of tBTC on Starknet, bringing the Bitcoin asset into its DeFi ecosystem. tBTC: Starknet’s DeFi welcomes Bitcoin The layer-2 zk-rollup Starknet Threshold Network tBTC: Starknet’s DeFi welcomes Bitcoin tBTCaims to be the main decentralized asset backed 1:1 by Bitcoin within the layer-2 of Starknet. This will expand multi-chain access to Bitcoin, and make Threshold a more accessible decentralized Bitcoin bridge. The arrival of tBTC on Starknet opens new native DeFi opportunities concerning Bitcoin. The integration with Starknet allows the direct minting of tBTC through the Threshold interface. This way, users can deposit Bitcoin and…
While the FED is expected to start interest rate cuts, which it has been pausing since January, to cause a rally in Bitcoin (BTC) and altcoins, good news about interest rates came from FED member Christopher Waller. Speaking on CNBC’s Squawk Box, Christopher Waller said he did not expect the tariffs to significantly increase inflation, so policymakers should consider cutting interest rates as early as next month. We May Start Interest Rate Cuts in July! Waller said he and his colleagues think they should move slowly on rate cuts, but added that inflation is no longer a significant economic threat…
Cardano founder Charles Hoskinson sees a multi-billion-dollar opportunity in Bitcoin and XRP DeFi, recently disclosing Cardano’s plans to move into the space. Hoskinson has incessantly teased Cardano’s initiative to bring decentralized finance (DeFi) onto the Bitcoin network. Recently, he has added XRP to the picture, teasing a synergy with both networks to bring smart contract functionalities. Speaking with Bitcoin.com’s Frederick Munanwa yesterday, the Cardano founder expressed his desire to see XRP DeFi on the Cardano blockchain. He stressed that it would unlock $140 billion worth of value for the layer 1 network. XRP DeFi Coming to Cardano Hoskinson has been…
The Algorand Foundation, a blockchain ecosystem for developers, has partnered with Paycode, a provider of biometric and offline digital payment systems, to improve financial services access in underserved and remote regions. Paycode operates in countries including Afghanistan, Ghana, Zambia, Mozambique, and the Democratic Republic of Congo, where many people remain outside the formal financial system. The collaboration will enhance secure digital identity, increase transparency, and support access to financial tools by adding the Algorand blockchain technology into the Paycode’s system. Paycode currently supports over 6 million users across eight countries. Its platform has been used to distribute more than $250…
Veteran macro strategist Raoul Pal has issued a stark warning about the future of fiat currencies, suggesting that the U.S. debt burden, aging demographics, and central bank interventions are setting the stage for long-term currency debasement and positioning Bitcoin (BTC) as the ultimate hedge. Pal, founder of Global Macro Investor and Real Vision, shared two key macroeconomic charts that he believes are being largely overlooked. “These charts are everything,” he stated, arguing that demographics, not fiscal policy, are the true driver of sovereign debt. The first chart compares the U.S. labor force participation rate with U.S. government debt as a…
U.S. stocks traded higher on Friday even as investors remained cautious, with the Dow Jones Industrial Average, S&P 500, and Nasdaq notching gains after President Donald Trump announced a two-week window for Iran to negotiate. As markets resumed on Friday following the Juneteenth break on Thursday, June 19, the Dow Jones Industrial Average opened just 150 points higher. Meanwhile, the benchmark S&P 500 hovered near the flatline, up 0.4%, while the Nasdaq Composite climbed 0.6%. President Trump’s message and fresh comments on a potential Federal Reserve interest rate cut seemed to catalyze the upward move. Middle East conflict: Trump offers…