Author: NBTC
Bitcoin (BTC) is showing true leadership in the digital currency ecosystem amid its soaring price. Current market data pegs the price of BTC at $99,399.18, up by 1.6% in the past 24 hours. For Bitcoin, growth since the start of the year remains linearly bullish, with a lot volatility to match. Bitcoin price beating history Data from Cryptorank showcases what this month holds for the price of Bitcoin. Historically, January remains a mildly bullish month for the coin. Bitcoin’s price had an average growth rate of 9.55% in January. Just six days into the month, Bitcoin has already jumped by…
Solv is expanding its existing integration with Chainlink Proof of Reserve to offer on-chain transparency across its entire TVL protocol, not just SolvBTC. With this integration, users will have greater visibility into Solv’s entire TVL. Integrating Chainlink’s reserve data into Solv’s on-chain allows the Solv network to develop automated logic around reserve data to back its assets. This also allows Solv to develop new applications and capabilities, such as automated on-chain risk management. Additionally, with this integration, Chainlink’s Proof of Reserve plays a major role in Solv protocol minting. On-chain minting refers to the process of creating new SolvBTC coins…
Ripple CTO David Schwartz recently opened up on X about a decision that continues to haunt him. It all started when Schwartz mentioned in an X post that his biggest regrets were when he decided to lower himself to someone else’s level. An X user commented, stating, “My biggest regret was not buying more at 50 cents,” referring to XRP, which has risen about 300% since its low of $0.50 in November. At the time of writing, XRP was trading at $2.43, having reached a seven-year high of $3.38 in January. For me, selling 40,000 ETH at $1.05 is pretty…
The Sui Foundation has published a list of twelve projects that completed its first Hydropower Accelerator program. According to a Jan. 9 announcement, the Sui Network has successfully concluded its first Hydropower Accelerator program, with the twelve graduating teams now positioned to continue building their solutions and leverage the Sui ecosystem for further development, including early access to new technologies. Out of hundreds of applications, twelve teams were selected to join the inaugural cohort, with the selected projects targeting a diverse array of sectors “from DeFi to DePIN to real world assets,” the Sui Foundation stated. These projects included 7k,…
Alexander Vinnik, the jailed former operator of once mighty bitcoin exchange BTC-e, is being released from U.S. custody as part of a prisoner exchange with Russia. Vinnik, 44, is being swapped with jailed American teacher Marc Fogel, who returned to the U.S. last night after negotiators struck a surprise breakthrough with the Kremlin. It had not immediately been clear who was on the other side of the deal. But BTC-e was one of the early exchanges that popularized the buying and selling of the world’s most popular digital asset. It had over 1 million customers and moved over $9 billion…
WazirX is issuing new Recovery Tokens (RT) to distribute stolen and recovered assets to its users, according to statements from the company’s founder, Nischal Shetty, who also said that these tokens could soon hit the trading floor if there’s enough interest from users, offering a chance for liquidity and additional market exposure. The token distribution of course comes after WazirX completed its rebalancing process for Net Liquid Platform Assets (NLPA), which realigns platform assets with its liabilities. WazirX’s recovery plan includes three main strategies: profit-sharing, stolen asset recovery, and the launch of a decentralized exchange (DEX). “We will do everything…
On Wednesday, bitcoin mining company Riot Platforms said it is exploring partnerships in the artificial intelligence and high-performance computing sector as it aims to shore up its business and generate sustainable revenue streams. The NASDAQ-listed company said it would ramp up evaluations for potential AI and high-performance computing (HPC) uses at its Corsicana Facility in Navarro County, Texas, citing increased interest from multiple potential partners. Riot’s exploration of AI computing capabilities reflects a growing trend among Bitcoin miners to leverage their substantial power infrastructure and data center expertise for additional revenue opportunities beyond crypto mining. The move comes as mining…
Fireblocks, a provider of crypto custodian technology, said it added support for Sony’s Soneium blockchain, an Ethereum layer-2 network that aims to bridge the conventional internet, or Web2, and the emerging, blockchain-based Web3. Fireblocks counts many large institutions among its clients, including large banks. Crypto custodians, which provide safe storage for digital assets, are essential for institutional adoption of digital assets because large capital allocators such as hedge funds or family offices require their use for insurance reasons. Support for Soneium, a joint venture between Sony and Singapore’s Startale Labs, opens the door for the provision of custody services on…
Will the price of Bitcoin sustain the surge in bullish momentum to bounce back to $102,557 in the next 24 hours? As Bitcoin springs back into action, the total crypto market cap has surged to $3.45 trillion. The recovery in Bitcoin is aimed at a bull run above $100,000, supported by institutional and derivatives backing the narrative. Bitcoin Price Analysis With an impressive recovery of 5.10% over the past week, Bitcoin’s price surged from $93,564 to a closing price of $98,327. Despite a slowdown over the weekend, the bullish recovery continues with an intraday gain of 1.41%, breaking the $99,000…
Liquity Protocol urged users to withdraw funds from its V2 Stability Pool positions as it investigates a potential issue affecting the “Earn” feature, according to a statement posted on X. The Liquity team was informed of a potential issue affecting Liquity V2 Stability Pools (“Earn”), and is currently investigating a potential impact. The team is currently working on confirming this potential issue and solutions. The protocol continues to work as expected and to… — Liquity (@LiquityProtocol) February 12, 2025 The team said the protocol continues to operate normally and the potential issue has not impacted any users. “The Liquity team…