Author: NBTC

Travala, a cryptocurrency-based travel booking platform, has announced a new “Treasury Reserve Plan” after surpassing $100 million in annual gross revenue. The plan will see the company hold reserves in Bitcoin (BTC) and its native AVA token to strengthen its financial foundation and support future growth, according to a company release. Travala integrates blockchain technology to offer travel bookings paid with cryptocurrencies and traditional currencies. To expand its reach, the company has partnered with travel metasearch engines like Skyscanner and KAYAK. Travala’s growth coincides with record highs in the crypto market and increased demand for blockchain-powered travel solutions. You might…

Aave is about to launch its protocol on Linea following a community vote, months after its forked rival faced scrutiny on the same network. The Aave (AAVE) community has given the green light to proposal #5ae27, which suggests deploying the Aave V3 protocol on Linea, a zk-rollup network supported by Consensys. The proposal, first submitted on Nov. 19, saw overwhelming support, with more than 636,000 AAVE tokens cast in favour, signalling a strong push for Aave to broaden its reach in decentralized finance. Table of Contents Why Linea What it means for Aave The Shadow of ZeroLend Governance and next…

Although Warren Buffett has maintained a hostile stance towards cryptocurrencies, particularly Bitcoin (BTC), his investment company, Berkshire Hathaway (NYSE: BRK.A), still has some indirect exposure to the sector, with bets notching some profits. His pessimistic stand comes as Bitcoin trades at record highs and is now under consideration for inclusion in the United States Strategic Reserve. Buffett has maintained that he sees a bad ending for the asset, famously referring to it as ‘rat poison.’ When looking at his indirect crypto exposure, Buffett, through Berkshire Hathaway, has a stake in Brazilian fintech company Nu Holdings (NYSE: NU). Nu Holdings enables…

The world’s largest cryptocurrency exchange Binance has introduced the second altcoin for its Binance HODLer Airdrop program and announced it as Movement (MOVE). Binance later added that it will list Movement (MOVE) on 09.12.2024. “Binance is excited to announce that the third project in the Binance Airdrops program is Movement (MOVE). Movement (MOVE), the first Move-EVM L2 for Ethereum, brings the security features of Move to Ethereum. Users who subscribe their BNB to Simple Earn Flexible or Locked products between 2024-12-02 00:00 (UTC) and 2024-12-05 23:59 (UTC) will receive airdrop distribution. The MOVE HODLer Airdrops page is expected to be…

Michael Saylor, the co-creator and currently the executive chairman of MicroStrategy business intelligence firm, has taken to his account on the social media network X (formerly known as Twitter) to send a mysterious Bitcoin message to the millions of his followers. “The Sons of Bitcoin” Bitcoin evangelist Saylor published an AI-generated image of himself with an orange and white symbol of Bitcoin over his face. This picture very much resembles the famous art work by René Magritte called The Son of a Man. Similarly to that painting, Saylor is wearing a suit, dark coat and a bowler but instead of…

Solana Foundation’s former stablecoin lead Anna Yuan has left the mothership to build her own startup catering to the fast-growing crypto subsector. The company building Perena, a stablecoin trading infrastructure project, raised “around $3 million” in a pre-seed funding round led by Borderless Capital, Yuan told CoinDesk in an interview last month. Perena isn’t solely focused on launching another stablecoin. Instead, it’s creating on-chain systems that allow the seemingly endless droves of other stablecoin newcomers to have good trading liquidity, even in nascency. That’s the funny thing about stablecoins. While their exact backing recipes may slightly differ, most every stablecoin…

Pi Network has taken a major step towards its much-anticipated mainnet launch with the release of Pi Node Version 0.5.0. This update marks a crucial milestone in the project’s roadmap, signaling that the transition to a fully operational blockchain network is drawing closer. The latest version introduces Testnet2, a new blockchain environment designed to simulate the conditions nodes will encounter on the mainnet. This move allows node operators to familiarize themselves with the upcoming changes and ensures a smoother transition when the mainnet goes live. Pi Network taking a measured approach While pushing forward with node development, Pi Network is…

eToro and Centroid Solutions are actively adding products from the Middle Eastern financial markets. While eToro signed an agreement with the Abu Dhabi Securities Exchange (ADX) to include several ADX-listed stocks on its platform, Centroid integrated Aljazira Capital to offer its clients access to the Saudi financial markets. The Rush to Add Middle East-Specific Products Recently, NAGA Group also included stocks listed on the exchanges of the United Arab Emirates and Saudi Arabia. This was followed by Scope Markets, which enabled access to the Dubai and Abu Dhabi markets through two new equity indices. Cristian Vlasceanu, CEO of Centroid Solutions,…

Bitcoin’s price is still struggling to rise above the $100K level after just wicking above it last week. Yet, the market structure indicates that it could only be a matter of time. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily timeframe, the price has been gradually climbing over the last few weeks as the market has slowed down following the breakout above the $90K level. Yet, while BTC briefly traded above $100K last week, it has not been able to continue higher or stay above this level. Meanwhile, as the market structure remains bullish and the…

The Hong Kong Treasury Department does not consider crypto to be a ‘target asset’ for the nation’s Exchange Fund, even though it does invest a small portion of funds into crypto assets. According to local media outlet On CC, Hong Kong Councilor Johnny Ng suggested that the government should consider adding cryptocurrencies into its fiscal reserves. Ng said that the government could use the Hong Kong Exchange Fund to hold and buy crypto assets. Secretary for Financial Services and the Treasury, Joseph Chan responded to Ng’s request with a written letter, explaining that crypto assets are not the “target asset”…