Author: NBTC

Rune Christensen, founder of Sky (formerly MakerDAO), has proposed a strictly deflationary approach to the protocol’s governance token as the community prepares to vote on whether to revert its brand or not on Nov. 11. Christensen explained that the proposed changes would affect the governance token supply, whether it continues as SKY or pivots back to MKR. Deflationary tokenomics If approved, the proposed tokenomics would eliminate token emissions under regular conditions, transforming the token structure to be strictly deflationary. The burning mechanism, integral to Maker’s tokenomics, would permanently reduce the total token supply over time. An exception to this rule…

Social investing firm eToro obtained a license to offer its services in New York. In an interview posted on the NYSE LinkedIn page, eToro’s Founder and CEO, Yoni Assia, highlighted the importance of the latest approval of its expansion plan in the region. “We are very excited to launch eToro in New York, where customers will be able to trade stocks and options on a wrap. Our global customers can trade cryptocurrencies alongside commodities and indices as well, and we are excited to have this milestone of enabling eToro to our New York customers,” Assia said. “There is a lot…

Bitcoin’s (BTC) push to realize the ‘Uptober’ momentum is fading as the asset has struggled to claim the $70,000 mark. This grim projection is now backed by technical indicators that signal more downside for Bitcoin at the end of October. This bearish outlook has emerged based on parallels between the current Bitcoin price action and historical patterns from April and November 2021, warning that this month may end similarly with a drop, as Alan Santana noted in a TradingView post on October 23. Specifically, April and November 2021 saw promising starts with price gains, followed by abrupt reversals. Both months…

Sui’s token price surged by 22.53%, reaching a high of $2.02, driven by strong trading volume. Dogecoin’s market cap rose to $26.26 billion as its price increased by 18.76%, reflecting significant investor interest. Pendle’s innovative yield tokenization approach led to a 16.46% price increase, showcasing strong participation in DeFi. The cryptocurrency market is buzzing as coins like SUI, Dogecoin, MOG Coin, and Pendle surge on rising investor interest and strong trading volumes. SUI, a layer-1 solution, gained traction with a 91% boost in daily transactions, while Dogecoin’s iconic Shiba Inu-backed token saw an 18.76% jump. Sui(SUI) Gains Momentum with Strong…

Bitcoin (BTC) is down slightly below the $66,000 mark after briefly touching the $69,500 level on October 21. This three-day $4,000 crash created a buying opportunity, according to a Bitcoin smart trader who accurately predicted this target. In particular, a prominent trading expert with a good track record, CrypNuevo, warned his followers Bitcoin could break local support. The support formed after eight subsequent four-hour attempts to break it from October 21 to 22, after the local high. Notably, CrypNuevo spotted the possibility of a bear trap hunting stop-loss liquidity right below the now-strong support. The Bitcoin price played out precisely…

Dogecoin, inspired by the popular doge meme, set the foundation for meme coins and remains a community favorite in crypto markets. BONK is Solana’s first dog-themed coin, sparking interest with its community-focused airdrops, increasing Solana’s decentralized exchange activity. PEPE’s explosive rise introduced a new meme-coin season, driving massive market activity and gaining substantial traction within the crypto community. In the evolving world of memecoins, Dogecoin’s iconic Shiba Inu logo, Neiro’s tribute to the original “Doge” meme, BONK’s liquidity boost on Solana, and PEPE’s deflationary design on Ethereum are capturing crypto enthusiasts. Each of these community-driven tokens adds a fresh spin…

According to the creator of timechainindex.com, Binance, one of the leading cryptocurrency exchanges, has recently experienced “significant outflows.” This activity has reportedly prompted the platform to tap into its cold wallet reserves to manage the situation. $334 Billion in Play: Centralized Exchanges Face Onchain Scrutiny Amid Bitcoin Highs The chatter on the onchain grapevine suggests Binance is seeing major withdrawals. Binance stands as a heavyweight in the centralized exchange (cex) arena, not only managing a vast array of digital assets but also safeguarding a significant stash of bitcoin (BTC). On Nov. 19, Sani, the operator of timechainindex.com, shared that the…

As the broader cryptocurrency market continues to experience price fluctuations, the leading cryptocurrency, Bitcoin (BTC), has not been spared. BTC’s price is hovering around $66,000 after its brief surge to $69,300 over the weekend. Reacting to this price correction, Dogecoin co-founder Billy Markus, known as Shibetoshi Nakamoto on X, has sent a message to Bitcoin. What prompted letter to Bitcoin? In the short, lighthearted message, the Dogecoin creator shared friendly advice that resembles the sentiment of digital asset investors. “Dear Bitcoin, I recommend that instead of going down, you go up. Love, Billy,” the message reads. dear bitcoin,i recommend that…

Recent data from GitHub reveals the top ten most active cryptocurrencies over the past nine months. Internet Computer Protocol (ICP) topped the list with 6,012 commits and a high level of developer involvement, even though its price dropped by 13.7%. This trend signals a steady commitment to project enhancement. THE MOST ACTIVE CRYPTOS BASED ON THE #GITHUB DATA FOR 9 MONTHS $ICP $SUSHI $MINA $BTC $LINK $RBC $ATOM $CAKE $STORJ $XEC pic.twitter.com/F0qc48n0jN — PHOENIX – Crypto News & Analytics (@pnxgrp) October 31, 2024 Sushi and Mina Protocol Maintain Momentum in Cryptocurrencies Sushi and Mina Protocol follow closely in developer engagement,…

Solana’s meme token boom continues to shift the balance, with DEX activity catching up with Ethereum. It has reached around 57% of the activity levels on the Ethereum blockchain. However, Ethereum maintains an advantage in terms of higher liquidity and wider adoption through Uniswap. Solana’s DEX activity has seen gradual growth throughout 2024, catching up with Ethereum’s levels. The last quarter saw a new meme token boom with corresponding inflows into Raydium, with DEX volumes now at 57% of the levels on Ethereum. The biggest story on Solana is the capacity of Raydium, which now competes with Uniswap and its…