Author: NBTC
Bitcoin price falls by 5.5% to $56K, sparking caution as USDT hits $118B market cap. Stablecoin market surges to a record $177 billion amid market uncertainty. Traders split as 54% expect further Bitcoin drop, while 46% hold long positions. After the recent market drop, Bitcoin faced a sharp decline, with its price falling to $56,520, marking a 5.5% decrease over the past seven days. This downturn doesn’t necessarily point to strong selling pressure but rather suggests a sense of caution among traders. They might be converting to USDT to secure profits from market volatility or simply waiting for a better…
Baby DogeCoin’s price has surged by 23.87% following its Binance listing. The coin’s total burn rate stands at 51.512%, with significant recent burns aimed at increasing scarcity. Binance has expanded its offerings by listing Baby Doge Coin (BabyDoge) alongside Neiro and Turbo. This new listing has sparked significant interest, leading to an immediate price surge of 1MBABYDOGE. In a strategic move to boost its value further, Baby Doge Coin has announced that it will be conducting manual token burns throughout the week. The decision to burn tokens comes as part of Baby Doge Coin’s broader strategy to enhance its market…
After the U.S. president weighed in to put a stop to a China-tied crypto operation near a nuclear missile base, the Treasury Department has finalized a rule to tighten scrutiny on foreign property near military installations. The rule will give the U.S. government more authority to review real estate acquisitions like MineOne’s bitcoin-mining effort in Wyoming. Foreign real estate deals near sensitive U.S. military bases will get more government scrutiny under a new rule from the U.S. Department of the Treasury that has emerged after President Joe Biden shut a China-tied crypto mining operation beside a Wyoming nuclear missile base…
Crypto exchange Coinbase has seen a positive response to its blockchain powered digital medals at the 2024 Nike Melbourne Marathon Festival, the managing director for the APAC region has said. Over 42,000 runners participated in the annual marathon in Australia this year, the first to feature blockchain technology and offer race-specific digital collectibles for all participants. Speaking to Cryptopolitan, John O’Loghlen, the managing director for Coinbase in the APAC region, said the response from the race participants was very positive. Many were new to crypto and eager to take up and use blockchain tech for the first time. “There was…
If you invest $100 into Bitcoin today, don’t expect to make a fortune. However, you could still make some solid gains if your bet on Bitcoin pays off. Many people who are interested in crypto would like to get started with smaller amounts, which is entirely reasonable given that cryptocurrencies are risky investments. The prices of cryptocurrencies can go through large fluctuations in a short period of time—a 10% or even 20% price drop or gain in a single day is not unheard of in the cryptocurrency market. If you’re looking to make your first steps into the world of…
Arthur HAYES, the founder of BitMEX, claims that the Aptos (APT) network can solve numerous problems in the traditional finance (TradFi) sector. In a speech at the Aptos Experience conference in Seoul, Hayes discussed his experiences in the traditional finance sector, highlighting its outdated and inefficient nature. He pointed out common problems such as delays in remittances, settlement discrepancies, and stock deliveries. Hayes explained that the inefficiencies he has seen in traditional finance often stem from outdated practices. He noted the problematic nature of transactions taking a day or two, questioning why, in a world where data moves quickly, financial…
Avalon Labs Joins BNB Chain MVB Season 8 Acceleration Program In a strategic move to enhance its position in the cryptocurrency ecosystem, Avalon Labs (formerly Avalon Finance), a leading cryptocurrency liquidity hub and Bitcoin-collateralized lending protocol, has announced its participation in the BNB Chain MVB (Most Valuable Builder) Season 8 Acceleration Program. Selected as the representative project within the Bitcoin DeFi (BTCFi) section, Avalon Labs is set to leverage this opportunity to drive further innovation and growth. Additionally, Avalon Labs reported a Total Value Locked (TVL) exceeding $900 million on its network and the launch of USDa, the first on-chain…
Bitcoin’s price has yet to show a willingness for recovery, as the market has failed to rebound from any support level. As a result, things could get even worse in the coming days. Technical Analysis By Edris Derakhshi The Daily Chart On the daily chart, the asset has been moving lower since its rejection from the $64K resistance level and the 200-day moving average, located around the same area. The market has also lost the $60K level and is currently penetrating the $56K support zone. If this level breaks down, a further drop toward the $52K area would be imminent…
Cryptocurrency custody and servicing company Fireblocks has teamed up with Chainlink Labs to offer banks a new solution for issuing and managing stablecoins, according to a press release on September 17. The strategic collaboration will allegedly support end-to-end tokenization capabilities for stablecoin issuers, including minting, custody, and distribution, among other services. Commenting on the collaboration, Chainlink Labs Global Head of Banking and Capital Markets Angie WALKER said that both parties expect the collaboration to not only provide stablecoin users with real-time tracking of asset reserves, but also enhance the utility of stablecoins as a secure means of payment and institutional…
B² Network’s integration of Chainlink CCIP enhances cross-chain interoperability and improves liquidity for BTCFi projects. Chainlink CCIP enables seamless token transfers, reducing inefficiencies and enabling programmable cross-chain transactions. B² Network has intergrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as its official cross-chain infrastructure, marking a significant advancement in cross-chain interoperability. Particularly within Bitcoin-centric decentralized finance (BTCFi), B2 Network improves its capacity to provide flawless and safe asset transfers across blockchain networks by including CCIP. Given CCIP’s architecture is meant to enable asset interoperability and enhance liquidity across chains, this action fits B2’s aim of building a more linked BTCFi ecosystem. .@BSquaredNetwork…