Author: NBTC
Bitcoin has recently surged past $100,000 following Donald Trump‘s election victory. Amidst broader market sentiments, the crypto community eagerly anticipates that Trump administration will prove to be pro-crypto and will stand behind his promise of a strategic BTC reserve for the United States. Advocates believe it could serve as a hedge against inflation and a diversification tool in portfolios. However, Bill Dudley, former president of the Federal Reserve Bank of New York, has criticized Bitcoin’s role as money, describing its volatility and lack of income generation as its shortcomings. As per a latest Bloomberg report, Bill Dudley, former president of…
bitSmiley is pleased to announce a strategic collaboration with Orange, a leader in Bitcoin and blockchain technology. This partnership is designed to take BTCFi to the next level of innovation, and advance the development of tools and solutions across the cryptocurrency industry. This was shared through the official bitSmiley X account, to reveal the great opportunity of the partnership. Bringing BTCFi innovation to the next level!bitSmiley is thrilled to collaborate with @OrangeCryptoHQ —a powerhouse for Bitcoin & blockchain tools.🔸 Orange Assistant: AI for instant crypto insights.🔸 Orange Explorer: A dedicated Bitcoin explorer.bitSmilers can now… pic.twitter.com/a3poArn7pN — bitSmiley | bitUSD (@bitsmiley_labs)…
The Pudgy Penguins token, PENGU, started trading on Binance, charting the first hours of its price history. The listing arrived with increased volatility, as traders complained of technical problems. Binance was one of the first major exchanges to list the new Pudgy Penguin token, PENGU. However, users reported errors that turned into costly trading losses. Binance listed PENGU on December 16, at 14:00 UTC, but social media users noticed that for the first 30 minutes of trading, the token was displaying a $350M market capitalization. The real valuation of PENGU was actually $3.5B, which led to early traders reporting significant…
The collaboration will help OpenLedger reach a major milestone of launching its testnet. OpenLedger is committed to developing safe and expandable solutions for developers in order to advance artificial intelligence. With over $6 billion in total value locked via its decentralized protocol, Ether.FI is a pioneer in decentralized restaking infrastructure. To strengthen network security, Ether.fi and OpenLedger, the data blockchain for AI, have established a strategic alliance. The partnership will improve the security and scalability of OpenLedger’s decentralized ecosystem with $6 billion TVL of Ether.fi’s restaking infrastructure. The integration with the restaking infrastructure of Ether.fi will help OpenLedger realize its…
BlackRock points to Bitcoin’s potential as a transformative and diversifying asset in its 2025 Global Outlook report. With its fixed supply and growing demand driven by rising investor confidence and adoption as a payments technology, Bitcoin is positioned as a unique addition to investment portfolios by offering low correlation to traditional risk assets such as stocks and bonds, according to the report. The report notes that Bitcoin’s value is driven by different factors, including its limited supply and its potential for widespread adoption. BlackRock says: “Bitcoin’s potential as a new diversifier stems from its unique value drivers: the potential to…
The Polygon community has decided against a proposal to deploy $1.3 billion in stablecoins from its Proof of Stake (PoS) bridge into yield-generating programs on Morpho, an Ethereum-based DeFi platform. The announcement, made on Dec. 17 through Polygon’s official social media account, highlighted concerns raised by users regarding the lack of a consent mechanism and potential risks to the network. Polygon stated: “Given the community’s concern around the pre-PIP, it seems unlikely for this proposal to progress. However, it doesn’t mean innovative or even aggressive ideas shouldn’t be explored in the future.” Security and ecosystem risks The proposal, known as…
This year, the correlation between the cryptocurrency market and traditional finance is more entrenched than ever before. This was largely due to the introduction of Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds, the arrival of BlackRock, VanEck, Fidelity and many other giant financial institutions to the market. On the one hand, the market has seen a great leap in adoption, but on the other hand, its independence and originality have noticeably decreased, and the movements of a number of cryptocurrencies are repeating the performance of key stock market indices. We mean the U.S. stock market, of course. Now, in anticipation…
Wormhole and restaking provider Nuffle Labs have partnered to bring multichain restaking to users on any chain. Nuffle Labs announced the integration on Dec. 17. Interoperability platform Wormhole and restaking provider Nuffle Labs are partnering to offer a multichain restaking solution that users can tap into to stake from any chain. The Wormhole (W) and Nuffle Labs teams announced the integration via a news release on Dec. 17. With its unveiling, users can stake their tokens on any chain without having to go for cross-chain bridging. Addressing liquidity fragmentation within the multi-chain staking ecosystem, the new solution leverages Wormhole’s message-passing…
Bitcoin has experienced an up-and-down couple of days, with the rise bringing the leading cryptocurrency past the historic $100,000 price milestone late Wednesday, and the resulting plunge on Thursday rapidly dropping the price under $93,000 as crypto liquidations piled up. By comparison, Friday has been much calmer for the market—and Bitcoin is starting to gradually regain ground lost during Thursday’s sudden bloodshed. Bitcoin hopped back above the $100K mark early Friday afternoon, breaching the six-figure realm around 12:45pm ET and continuing to climb up to a price of $101,878. It has since cooled to $101,233, with BTC effectively flat over…
World Liberty Financial, backed by the family of U.S. President-elect Donald Trump, on Wednesday exchanged about $10 million worth of Coinbase’s (COIN) wrapped bitcoin, cbBTC, for rival WBTC. Wrapped bitcoin is a form of the world’s largest cryptocurrency that can be used in decentralized finance (DeFi) on blockchains other than Bitcoin. Coinbase introduced cbBTC in September, and in November said it would delist WBTC, citing its listing standards. That action prompted BiT Global, a custodian involved in WBTC, to sue the crypto exchange to prevent the removal. A court ruled against BiT Global on Wednesday. There’s one more link in…