Author: NBTC
Devansh Mehta, a well-known expert in the blockchain technology, has joined Ethereum Foundation as announced on X today. Mehta will be working on a new project that combines Artificial Intelligence (AI) with Ethereum blockchain. Devansh Mehta announces joining Ethereum Foundation on X Devansh Mehta’s Previous Work Devansh Mehta has worked for Gitcoin and Arbitrum for the past two years. His prominent work include contributing to Gitcoin’s quadratic funding protocol and grant funding mechanisms, and helping design Arbitrum’s layer 2 scaling solution and optimistic rollup protocol. Mehta’s Primary Objectives With this move, Mehta’s goal would be to make Ethereum’s ecosystem more…
Key Takeaways Klarna plans to integrate cryptocurrency services into its platform. Klarna CEO is seeking community input on how best to implement crypto features. Klarna, the Swedish buy-now-pay-later fintech giant, is setting its sights on crypto integration, CEO and co-founder Sebastian Siemiatkowski said Saturday “Ok. I give up. Klarna and me will embrace crypto! More to come,” he wrote on X. “Yes I know! This post will get a huge sigh and 2 views. But it still feels historic.” Siemiatkowski playfully admitted that Klarna was among the last major fintech players to enter the crypto space. “Someone had to be…
Solana’s ecosystem has experienced a significant surge in the supply of liquid staking tokens, with their total market cap reaching $7.5 billion, according to on-chain data. Data from Dune showed that the total market cap of liquid staking tokens on Solana (SOL) spiked above $7.5 billion on Jan. 10. This growth came as leading LSTs — including Jito staked SOL, Binance staked SOL, and Marinade staked SOL — saw notable increases over the past week. Among these, jitoSOL continues to lead with a 37.6% market share, bringing its total market cap to over $2.8 billion at the time of writing.…
Crypto.com, a popular cryptocurrency exchange, has achieved a great milestone by obtaining the Markets in Crypto-Assets Regulation approval from the European Union. The company made the announcement on its X platform and with this approval the exchange can now cater its services to all European Economic Area (EEA). This step positions Crypto.com as one of the leading player in the digital asset space. Crypto.com obtains MiCA certificate Crypto.com Strengthening European Market Presence Crypto.com is a Singapore-based company that has gained popularity globally with over 50 million users and has been expanding its footprint across the globe. The company already has…
Calamos is launching a Bitcoin ETF with 100% downside protection named CBOJ in January. The ETF combines Treasury bonds and Bitcoin options to mitigate investment risks. CBOJ offers annual protection resets and caps potential gains for risk management. Calamos Investments is set to launch a groundbreaking Bitcoin exchange-traded fund (ETF) offering 100% downside protection. Scheduled to debut on the Chicago Board Options Exchange (CBOE) on January 22, the new ETF, named CBOJ, is designed to address Bitcoin’s volatility while providing growth opportunities, according to a company announcement. Calamos’ Structured Protection ETF series CBOJ builds upon the success of Calamos’ Structured…
Leveraged short position contracts for Ethereum have reached insane levels, sparking the possibility that the asset may rebound to release the saturation. Since the start of the year, Ethereum has been one of the worst-performing high-caliber cryptocurrencies. For context, the second-largest crypto asset by market cap has corrected a staggering 20% year-to-date, compared to BNB’s 14% downside and XRP’s 18% uptick. Ethereum failed to sustain the intense upward price action seen when it rebounded 35% in one day on Monday amid macroeconomic factors. The asset closed the week with an 8% correction, posting its second consecutive weekly negative trend. Meanwhile,…
ChainGPT’s CGPT token surged 90% after Binance listed it for spot trading, alongside aixbt by Virtuals (AIXBT) and Cookie DAO (COOKIE), according to CoinGecko data. The price rally comes amid growing interest in AI agents and projects that incorporate these elements. ChainGPT launched in April 2023, focusing on solutions for the blockchain and web3 space, with an initial market cap near $8 billion. After briefly surpassing $100 million in early 2024, CGPT’s market cap retreated below that threshold amid a broader crypto market downturn. The project began integrating AI agents into its ecosystem last month, aiming to enhance efficiency and…
Crypto trading volumes across centralized exchanges reached $18.83 trillion in 2024, according to a new CoinGecko report. The study examined the annual cumulative spot trading volume of the leading centralized crypto exchanges from January 2020 through December 2024, revealing shifts in market share and trading activity over the period. Per CoinGecko, Binance accounted for 39.0% of the volume with $7.35 trillion in transactions, while Bybit and Crypto.com recorded $1.75 trillion and $1.29 trillion in trading volume, representing market shares of 9.3% and 6.8%, respectively. The report highlights that, despite a 134.0% increase from 2023’s $8.05 trillion, 2024’s total remains below…
There’s a strong case to be made for claiming that Bitcoin is the “most reliable monetary system,” according to Riot Platforms executive Pierre Rochard. In a Jan. 5 tweet, Rochard, vice president of research at the crypto mining firm, claimed that “Bitcoin is engineered to be the most reliable monetary system in the world for savings and payments.” His statement is backed by Bitcoin’s uptime of almost 99.99% since its launch on Jan. 3, 2009. So far, Bitcoin has reported only two downtime events: One in 2010 and one in 2013. In 2010, Bitcoin went down due to the “value…
Ethereum (ETH) appears to be on the verge of a significant breakout, with its current market structure closely mirroring the 2020-2021 cycle. As similar patterns emerge, analysts suggest that Ethereum’s breakout to $10,000 is programmed for this cycle, signaling a potential turning point for the second-largest cryptocurrency by market capitalization. Ethereum’s market structure points to a breakout An analysis by TedPillows highlights Ethereum’s recent capitulation candle, which mirrors the sharp downturn seen in March 2020. At that time, ETH faced a major downturn, leading many to believe the asset’s bullish trajectory was over—only for it to rebound and enter a…