Author: NBTC

Sky, the decentralized finance lender previously known as MakerDAO, might be ready to pause its plan to offboard wrapped bitcoin (WBTC) as collateral, following a fresh recommendation from an influential advisor. The development came after a lengthy discussion on the Sky discussion forum with Mike Belshe, CEO of BitGo, which was the sole custodian of the bitcoin backing WBTC until August, when a deal was cut to transfer custody to a strategic partnership with Tron founder Justin Sun. WBTC is a token that allows investors to use bitcoin (BTC) on other blockchains, such as Ethereum, and often is at the…

Cryptonairz founder Robert Doyle, fondly called Crypto Sensei, advocates an XRP spike to $10,000, citing the potential bullish effects if this Crucial Catalyst occurs. Doyle presented this case in a recent X video, basing his argument on the latest report surrounding U.S. Treasury bills tokenization on the XRP Ledger. For context, OpenEden, a leading tokenization platform, announced an initiative to bring tokenized U.S. T-Bills to the XRPL. The initiative is in partnership with Ripple, with an initial $10 million contribution from the payment firm. T-Bills Tokenization on the XRPL According to Doyle, the tokenization of real-world assets (RWA) on the…

BlackRock’s iShares Bitcoin Trust (IBIT) outperformed its ETF peers on Monday, attracting around $205 million in net inflows while the rest of the market reported either losses or zero net flows, data from Farside Investors shows. US spot Bitcoin ETF flows on July 29 – Source: Farside Investors US spot Bitcoin ETFs collectively attracted approximately $124 million in net inflows on Monday, with BlackRock’s IBIT accounting for the entire gain. In contrast, Grayscale’s GBTC, Bitwise’s BITB, and Fidelity’s FBTC experienced net outflows of $54 million, $21 million, and $6 million, respectively. Other competing funds reported zero inflows. The Bitcoin ETF…

Layer 1 blockchain Nomic is bringing its native nBTC to Berachain, allowing users to convert their Bitcoin (BTC) into nBTC directly on Berachain’s bArtio testnet, according to a recent announcement shared by the Nomic DAO Foundation. Bitcoin, representing over 50% of the global crypto market cap, is a valuable asset for DeFi applications. The launch of nBTC on Berachain aims to unlock the potential of Bitcoin within its ecosystem, which operates on a unique proof-of-liquidity consensus model. This model incentivizes validators to provide liquidity to the network, ensuring both security and liquidity are aligned. For developers, the integration presents exciting…

Kunitake Ando, former Sony president, will lead Japan’s innovation efforts through the Japan Innovation Network (JIN). Ando’s role strengthens Jasmy’s position, potentially accelerating its growth and integration in Japan’s tech ecosystem. Jasmy may become a key player in Japan’s digital transformation under Ando’s leadership and government support. Kunitake Ando, the former president of Sony and founder of Jasmy, is set to play a pivotal role in revitalizing Japan’s innovation landscape. Recently, he was appointed by Japan’s Ministry of Economy to spearhead efforts through the Japan Innovation Network (JIN). With the government’s support, Ando’s mission is to drive technological advancement and…

Bitcoin’s price dipped to $66,000 early Tuesday, erasing last week’s gains. The slide came after the U.S. government moved $2 billion worth of bitcoin, raising concerns of potential selling pressure. Solana’s SOL led major losses, dropping by 6%, reversing Monday’s gains, while Ether showed relative strength despite recent outflows from newly-launched spot ETH ETFs. Bitcoin (BTC) inched toward the $66,000 level early Tuesday to pare all gains from last week as sentiment was dented as a significant amount of the asset was moved from U.S. government-linked wallets, instilling fears of looming selling pressure among traders. BTC lost as much as…

Hermetica, a Bitcoin-backed stablecoin platform, is bringing its synthetic dollar, USDh, onto the Stacks (STX) Bitcoin Layer 2 (L2) network, as disclosed to Finbold on Wednesday, September 25. With the expansion, USDh becomes the first Bitcoin-backed stablecoin to integrate into the rapidly growing Stacks ecosystem. Dylan Floyd, CEO of Bitflow, shared his excitement about the launch: “USDh has all the attributes we’re looking for in a stablecoin: Fully bitcoin-backed, capital efficient, and a sustainable crypto-native yield. At Bitflow, we’re excited to launch new pools for USDh in our AMM DEX and bring deep stablecoin liquidity to our users. Thanks to…

The BRICS could undertake monetary policies opposite to those of the USA, especially regarding Bitcoin and the dollar. By now, the opposition between the United States of America and China resembles that of two true superpowers that openly trust each other on everything. The BRICS are formed by Brazil, Russia, India, and South Africa, as well as China, but for now, they are literally dominated by the Chinese superpower. BRICS fights the US dollar and Bitcoin China and Bitcoin Fiat currencies The US dollar: the clash with BRICS and Bitcoin Peter Schiff and China BRICS fights the US dollar and…

Uniswap is growing its presence on L2 chains, despite fears of a slowdown in September. The past 12 months marked a switch to L2 due to the demand for more favorable fees. Uniswap V3 increased its presence on L2 chains in the past 12 months. For September, the leading DEX marked triple the volumes compared to the same month last year. Uniswap carried $11.68B in swaps, compared to $4.29B for September 2023. During that time, Uniswap expanded its presence to a total of 23 chains. The dominant ones continue to be Base and Arbitrum, due to low fees and active…

Shiba Inu’s official X handle posts a new video highlighting SHIB’s development and advancement in 2024. The Shiba Inu ecosystem team presented the video during this year’s Blockchain Futuristic Conference (BFC), which began yesterday. Shiba Inu was one of the title sponsors of BFC and other blockchain-related conferences, like ETHToronto. ⏪ 2024 Recap of Shiba Shiba grows bigger, gets stronger, and never slows… Be part of the future!Be part of the Shiba!!!!!!! pic.twitter.com/LZ9kssdTpJ — Shib (@Shibtoken) August 13, 2024 Shiba Inu’s Overall Performance In the video’s opening minutes, Shiba Inu’s pseudonym lead, Shytoshi Kusama, first highlighted SHIB’s growth since its…