Author: NBTC

SatLayer, a Bitcoin restaking platform, announced Wednesday it’s extending Bitcoin’s use in decentralized finance to Sui, the speedy layer-1 blockchain launched last year. With Sui’s focus on fast transaction speeds, SatLayer’s integration will enable developers to leverage Bitcoin’s $2.1 trillion footprint in building DeFi applications, which aim to exclude third parties from transactions in areas like trading and lending, SatLayer said in a statement. Sui’s network is already home to a budding DeFi ecosystem. In 2024, 150 full-time developers worked on Sui, according to a recent report from venture firm Electric Capital. Looking to provide greater flexibility, Sui Foundation’s Global…

Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, is showing signs of a potential price decline after recent bearish price action. In addition to the price action, whales and industry experts seem to be losing interest in the altcoin, as revealed by the on-chain analytics firms IntoTheBlock and CryptoQuant. Will ETH Price Decline? Recently, ETH experienced a price surge of over 15% and hit the $4,100 mark for the first time since March 2024, where it faced selling pressure and a notable price decline. Historically, ETH has reached this level five times, and each time, it has encountered a…

In just a matter of weeks, Donald Trump is about to be inaugurated as the 47th President of the United States of America. At first glance, after his victory in the November elections, everything appears to be in order in the cryptocurrency industry, but is it? The 2024 US presidential election is widely regarded as a pivotal moment for the crypto industry. Economists believe part of the reason Trump won his ticket back to the Oval Office is because of his “loud” pro-crypto-stance. Well, in all honesty, he had the support of over 290 pro-crypto lawmakers in Congress; it was…

Cango Inc., a Shanghai-based automotive transaction service platform, announced that it had completed the $256M cash-settled acquisition of on-rack crypto mining machines with 32 EH/s of hashrate from Bitmain. The company had previously announced this acquisition on November 6, together with the proposed $144M share-settled acquisition of additional on-rack mining machines with 18 EH/s of hashrate from Golden TechGen. Cango specifically bought the on-rack miners from Bitmain Technologies Georgia Limited and Bitmain Development Limited (together ‘Bitmain’), indicating that Bitmain could continue serving as Cango’s colocation provider. The cash-settled transaction was concluded after the relevant closing conditions were satisfied. Closing of…

Bitcoin is currently trading above the historic and crucial $100k level and is up by more than one percent in the last 24 hours. According to analyst Josh of Crypto World, Bitcoin is forming a new pattern in the short term that we should keep an eye on. Here’s a breakdown of his analysis: Bitcoin’s Bullish Market Overview The analyst said that Bitcoin is clearly still in a bull market. The weekly RSI is signaling a strong bullish trend, which has led to major bull runs in the past. The MACD is also showing bullish signs, similar to last year…

A strategic partnership between Usual, Ethena, and Securitize, the tokenization platformfor the BlackRock USD Institutional Digital Liquidity Fund(BUIDL), is reshaping DeFi by combining liquidity, yield, and composability. What’s Changing for Users? USDtb Collateral Integration: In the coming weeks, the combination of USDtb and BUIDL can be accepted as collateral for USD0, bridging TradFi-grade stability with DeFi innovation. It will provide Usual diversification of collateral and increase USD0 decentralization. Maximized Yield Opportunities: USD0++ holders can access a 1:1 incentivized vault in USUAL and sats for sUSDe, unlocking higher yields through delta-neutral strategies and fully subsidized rewards. These vaults will be isolated…

Ethereum price started a decent increase above the $3,950 zone. ETH is consolidating gains and might aim for a move above the $4,150 resistance zone. Ethereum started a decent increase above $3,950 and $4,000. The price is trading below $3,980 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,940 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $4,080 and $4,120 resistance levels. Ethereum Price Regains Momentum Ethereum price remained stable and extended gains above $3,880 but it underperformed…

Kontos Protocol announces tokenomics revealed with an emphasis on investor engagement and ecosystem. The much-anticipated tokenomics for Kontos Protocol’s native token, KOS, have been revealed. 139.4 million tokens, or 13.937% of the total supply of 1 billion KOS, are released at the Token Generation Event (TGE). 🚀 Kontos Tokenomics Unveiled! 💥 We’re excited to share the official breakdown of Kontos Tokenomics! With 1 Billion $KOS Tokens, we’re building a future that’s focused on community, growth, and long-term success. 🌟 – Total Supply: 1,000,000,000 #KOS – TGE Release:… pic.twitter.com/thzkiOFLGM — Kontos Protocol (@Kontosio) December 17, 2024 A balanced and sustainable model…

Host of the podcast ‘Decent’, Matthew Blumberg, has filed a motion to dismiss a defamation lawsuit brought against him by Prometheum, Inc. and its affiliates. The controversy began when Blumberg made public comments about Prometheum’s operations in the crypto market, particularly regarding its SPBD license issued by the SEC, allegedly calling the firm “scammers.” Gensler’s pet crypto firm Prometheum sued crypto guy @matt_blumberg—who has <1000 followers—for calling them “scammers” Per anti-SLAPP motion, Prometheum directed legal threats at the guy’s mom & demanded he praise their “innovative” biz model: pic.twitter.com/4EGVrYECQu — Jeff Roberts (@jeffjohnroberts) December 16, 2024 Matthew Blumberg vs Prometheum…

NiceHash, a leading cryptocurrency mining platform, has announced it is moving its headquarters from the British Virgin Islands to Zug, Switzerland, based on information received by Finbold on Wednesday, December 18. The strategic relocation will align NiceHash’s operations with Switzerland’s solid regulatory framework and facilitate compliance with the European Union’s Markets in Crypto-Assets Regulation (MiCA) and the Travel Rule. According to the platform, the transition should conclude by mid-December and further reinforce NiceHash’s pro-compliance stance. MiCA, fully applicable from December 30, 2024, is to impose comprehensive regulations on crypto assets and service providers. On the other hand, the Travel Rule…