Author: NBTC
Cardano founder Charles Hoskinson suggests that the blockchain network he founded could handle volumes better than Solana at no additional cost to app builders. Amid surprise meme coin launches from President-elect Donald Trump and now the incoming First Lady Melania Trump, the Solana network has seen significant traffic over the past few days. While this traffic has boded well for the price of SOL, the network’s native token, it has also revealed current cracks in the network’s infrastructure, leading to several reactions online, including from the founder of Cardano, a competing blockchain solution. Cardano Can Do Better? Cardano founder Charles…
Bitcoin suddenly dipped below $90k and it has sparked heated debates in the crypto community. The space has divided into two where one believes this is ending the bull market while for others it is just another opportunity. Market sentiment feels more fearful than opportunism. A Fearful Drop or a Golden Chance? The mention of Bitcoin slipping below $90K in various online discussions caused a stir. While fear usually signals market uncertainty, history shows it can also signal a rebound. The crypto greed and fear index sits at 46, which leans toward fear. But many investors are now talking about…
Chainlink has launched a new product aimed at the decentralized finance market. According to a blog post, the Chainlink DeFi Yield Index is a data product that leverages the decentralized oracle network’s standard to aggregate lending rates across the decentralized finance ecosystem. Chainlink (LINK) has integrated zero-knowledge proof data platform Space and Time to introduce the Chainlink DeFi Yield Index to the market. Space and Time is a leading data warehouse that recently raised $20 million from venture capital investors. The DeFi Yield Index uses Space and Time’s blockchain indexer and database to bring real-time on-chain activity to the index,…
Despite Fed Chair Jerome Powell stating that banks can perfectly serve crypto customers, FOX Business journalist Eleanor Terrett claims he is subtly discouraging them. On Wednesday, Jerome Powell, the Federal Reserve (Fed) chairman, disclosed that U.S. banks can perfectly serve crypto customers. Powell made this known in a statement while speaking at a recent FOMC meeting, where he outlined the Fed’s stance on crypto-related banking. Fed’s Crypto Focus In the statement, Powell suggested that the Fed is not primarily concerned about Bitcoin but how banks under its supervision serve customers of the nascent asset. He emphasized that banks can serve…
Phil Kwok, a guest lecturer at Cambridge University and co-founder of the crypto learning platform EasyA, recently discussed how far the XRP price could rise. In a post on X, Kwok introduced a three-step framework to assess blockchain ecosystems and how sustainable they are. Notably, this framework focused on three factors: supply, demand, and supply shocks. Essentially, these factors are responsible for determining a token’s value. XRP Supply Situation In his commentary, Kwok stressed that it is important to understand the origin of an asset and token creation. With this, he pointed out that XRP has a fixed supply of…
A solo miner succeeded in producing the header for Bitcoin block 881423, taking the whole 3.125 BTC rewards. The miner is part of a new drive to use simple equipment to bring back retail BTC block production. A Bitcoin block at height 881423 was solved by a solo miner, who took the entire 3.125 BTC reward. Despite the near-record hashrate and competition, mining remains a game of luck, and the block was discovered with a small fraction of the total hashrate. The discovery of a solo block usually happens a few times a year and is highly improbable but not…
Veteran commodities trader Peter Brandt hints that the recent Bitcoin bounce has notable implications. Over the past 24 hours, the market tested the faith of many Bitcoin holders as BTC price saw a sharp decline from near $96,000 to below the psychologically important $90,000 level. The decline, however, was short-lived as the asset bounced back even faster. The price action likely has notable implications, as one veteran trader has recently hinted. Bitcoin’s “Significant” Bounce Veteran commodities trader Peter Brandt has hinted that Bitcoin’s recent bounce has notable implications. In a Tuesday, January 14 response to a “Cheds Trading” X post…
The Bitcoin decentralized finance (DeFi) liquidity protocol, Velar, has unveiled the BTC Name Grant Program to unify digital identities on the Bitcoin layer-2 network Stacks and simplify on-chain transactions. According to a press release shared with CryptoPotato, the latest initiative will boost the use of the .BTC digital identity standard in the Bitcoin ecosystem, significantly reducing manual errors during transactions. Velar Launches .BTC Grant Program Set to launch on January 30, the BTC Name Grant Program represents a shared commitment among top Stacks projects to advance the ecosystem’s infrastructure and make it more accessible to new and existing investors. To…
Grayscale has introduced the Grayscale Bitcoin Miners ETF (MNRS), providing investors with exposure to companies operating in the Bitcoin mining industry. This ETF focuses on firms included in the Indxx Bitcoin Miners Index, which tracks businesses that generate most of their revenue from Bitcoin mining or related services, including hardware, software, and infrastructure. Grayscale Continuous to Innovate with Crypto ETFs The latest ETF offers an alternative for those looking to invest in the Bitcoin mining sector without directly holding digital assets. It caters to investors interested in companies linked to Bitcoin’s price movements. The fund will appeal to investors who…
The potential approval of a Litecoin ETF in the United States is gaining attention following recent developments. Canary Capital, which filed the initial S-1 registration for its Litecoin ETF proposal in October 2024, has now submitted an amended version. This filing and industry insights point toward possible engagement from the U.S. Securities and Exchange Commission (SEC). Amended Filing Indicates Progress in Litecoin ETF Proposal The amended S-1 filing outlines key operational details for the proposed Litecoin ETF. U.S. Bancorp Fund Services is identified as the fund administrator, while Coinbase Custody Trust and BitGo would serve as custodians for the Litecoin…