Author: NBTC

The market cap of top publicly-traded Bitcoin miners soared last month, according to JP Morgan analysts in a note Tuesday, as some of the industry’s largest companies expanded into high-powered computing.  The analysts wrote that the aggregate market cap of the 13 U.S.-listed miners hit a record high of over $39 billion in August. The bank tracks miners Hut 8, Core Scientific, TeraWulf, IREN, and Riot, which all trade on stock exchanges.   Mining the world’s largest cryptocurrency by market value has grown increasingly difficult and expensive. The process has also generated smaller rewards since last year’s halving cut the…

Developer activity, as well as price movements in the cryptocurrency market, continues to be a key indicator for investors. According to data obtained from GitHub over the past week, the projects with the most developer activity have been revealed. Here are the top 15 altcoin projects with the highest number of commits according to weekly data: Ethereum (ETH) – 377 commit Cardano (ADA) – 322 commit Hedera (HBAR) – 167 commit Flow (FLOW) – 127 commit Internet Computer (ICP) – 112 commits Chainlink (LINK) – 95 commits Stellar (XLM) – 77 commit Polkadot (DOT) – 72 commit Gnosis (GNO) –…

AEON, a cutting-edge payment platform, has partnered with Fastex, a Dubai-based cryptocurrency exchange. The main purpose of this collaboration is to enable payments via Fasttoken ($FTN), the native token of Fastex. As AEON mentioned in its official press release, the partnership attempts to streamline real-world cryptocurrency adoption with wider $FTN accessibility. Hence, this move marks a groundbreaking move to integrate digital assets and the mainstream financial sector. AEON and @fastex team up to bring @fasttoken_com to real-world payments!Shop, dine, and pay effortlessly with $FTN through #AEON Pay, available in SEA, Nigeria, Mexico & soon more markets. Seamless crypto adoption, powered…

A new report assessed the environmental impact of Bitcoin and other cryptoassets, casting a particularly harsh light on BTC. It claimed that one Bitcoin transaction uses as much power as an average UK home does in three weeks. Renewables in the global hashrate and carbon offsets are important metrics, but difficult to fully quantify. Currently, it seems like electricity costs are the most reliable way to measure a blockchain’s green credentials. Bitcoin’s Shocking Environmental Impact Since the early days of Bitcoin, crypto’s environmental impact has been a long-running concern in the industry, especially because it’s a lightning rod for political…

Exchanges registered with the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission should be allowed to facilitate trading of some spot crypto products, the two agencies announced in a joint statement on Tuesday. The SEC and CFTC, the primary regulators of asset markets, did not mention specific digital assets, but said their joint staff statement covers crypto products centered on “leverage, margin, and financed spot retail commodity transactions.” Earlier this year, a report, dubbed “Strengthening American Leadership in Digital Financial Technology” and issued by the President’s Working Group on Digital Asset Markets, asked the agencies to provide “regulatory…

Closely followed crypto analyst Benjamin Cowen says that Ethereum (ETH) is destined to revisit a support level after an overheated rally. In a new strategy session on YouTube, Cowen tells his 926,000 subscribers that there appears to be a bearish divergence playing out between ETH and its relative strength index. A bearish divergence is when price trends higher while an indicator, in this case the RSI, trends lower, foreshadowing the exhaustion and potential reversal of the price movement. According to Cowen, ETH’s RSI is signalling a correction coming for Ethereum, likely in September. “There is still a chance that the…

Cryptocurrency analytics platform Santiment has shared the projects with the highest development activity in the DeFi sector over the last 30 days. The list was created based on the projects’ development activities on GitHub. According to the shared list, the DeFi altcoins and developer activities that have been most focused on by developers in the last month are as follows: ChainLink (LINK) – 311.43 DeepBook Protocol (DEEP) – 188.5 DeFiChain (DFI) – 148.5 Babylon (BABY) – 124.17 FOX Token (FOX) – 85.87 Liquidity (LQTY) – 81.17 Lido DAO Token (LDO) – 65.47 Injective (INJ) – 58.2 Aave [on Ethereum network]…

The “Bitcoin OG,” which began rotating its $11.4 billion fortune to Ether in August, has continued buying ETH over the weekend and now holds $3.8 billion of it, onchain data shows. In its latest move, the Bitcoin whale sold 4,000 Bitcoin (BTC) worth $435 million, exchanging it for 96,859 spot Ether over a 12-hour splurge, Lookonchain said in a post on Sunday. The whale then deposited another 1,000 Bitcoin into decentralized exchange Hyperliquid on Monday, potentially for more Ether (ETH) buying. The blockchain analytics service first noticed the whale on Aug. 25, and calculated its total holdings at 100,784 Bitcoin,…

Blazpay, a popular Web3 financial firm, has partnered with TriArch Protocol, a Base blockchain-based cutting-edge DeFi platform. The partnership aims to bolster the RWA and and DeFi sector by leveraging AI technology. As Blazpay disclosed in its recent social media announcement, the development denotes a key move toward intuitive DeFi intelligence across chains. In addition to this, the joint effort is also anticipated to unlock notable yield opportunities as well as efficient asset management. We’re excited to announce our partnership with @TriArchProtocol — the DeFi asset management layer integrating AI-enhanced yield strategies that dynamically optimize DeFi & RWA portfolios. 🤝Together,…

Bitcoin lending market Avalon Labs is now live on Rootstock, the fourth largest Bitcoin sidechain by total value locked (TVL), according to a press release viewed by The Defiant. The integration will see Avalon expand to Rootstock, and compete to be the chain’s largest lending market by providing access to Bitcoin-collateralized lending for digital assets such as Rootstock’s RBTC and RIF, as well as stablecoins like USDC.E and Tether’s cross-chain stablecoin protocol USDT0. Avalon is the latest major integration for Rootstock, which already boasts support for USDT0, LayerZero, and Solv Protocol. These additions to Rootstock are meant to boost the…