Author: NBTC
The significant market correction has raised concerns among investors, prompting fears of a deeper market downturn. However, seasoned experts advise against panic. A detailed analysis of Bitcoin’s (BTC) price movements reveals a compelling narrative for those who understand the opportunities within this volatility. Historical data shows that such drawdowns are a part of bull markets. Bitcoin’s history is marked by numerous corrections integral to the market’s long-term growth trajectory. Adam Back, founder and CEO of Blockstream, emphasizes the importance of zooming out to see the bigger picture during these market corrections. He highlights significant corrections in Bitcoin’s price over different…
DeSyn Protocol has announced a new collaboration with Babylon to enhance BTC staking yields. This collaboration will strengthen its ecosystem, and provide new opportunities for its users. 🎉 Collaboration Announcement 🎉🥳 Excited to announce our collaboration with @babylon_chain to maximize #BTC staking yields, enhance its ecosystem, and bring new opportunities for our users. 🤗Stay tuned for more updates! 🔔 pic.twitter.com/MMefRApsct — DeSyn Protocol (@DesynLab) July 22, 2024 DeSyn Protocol Boosts Bitcoin Staking with Babylon Partnership DeSyn Protocol is a decentralized asset management infrastructure on Web3. It enables a user to create and manage pool-based portfolios in a secure and transparent…
Key Points: Wintermute is in talks to raise funds from investors such as Tencent Holdings Ltd, potentially including early investors and employees selling shares. The total transaction size could be between $200 million to $300 million, though terms and valuation are not yet finalized. Wintermute fundraising aims to raise $200M-$300M from investors like Tencent, valuing the firm at $2B. Previous funding was $20M in January 2021. Wintermute Fundraising Aims For $200-300 Million With Tencent: Report Wintermute Fundraising Talks with Tencent Bloomberg reported, citing people familiar with the matter, that Wintermute, one of the largest crypto trading firms, is in talks…
The Shiba Inu community is on high alert as a crucial warning has been reiterated by Shiba Inu’s marketing lead, Lucie: The much-anticipated TREAT token has not been officially launched yet. This message comes amid a flurry of impostor activity, with numerous fake tokens attempting to capitalize on the hype surrounding the Shiba Inu ecosystem. #Shibarium Ecosystem reward token – $TREAT – @treatsforShib IS NOT LAUNCHED YET.There are many impostors targeting #SHIBARMY to cause confusion. Please follow the legitimate Twitter account to get the right information. — 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) May 24, 2024 In recent times, the crypto world…
Crypto investor sentiment cratered to the most negative levels since the tail-end of the 2022 crypto winter as bitcoin’s (BTC) plunge below $54,000 pulled down digital asset markets. The widely-followed Crypto Fear & Greed Index, created by data source Alternative.me, shows market enthusiasm towards bitcoin and other large cryptocurrencies, with 0 being extreme fear and 100 translating to extreme greed. The gauge dropped to 29 on Friday, its deepest dive into the fear zone since early January 2023 when bitcoin was trading around $17,000 after 2022’s crushing bear market. Read more: Bitcoin Slumps Below $54K as Mt. Gox Moves $2.6B…
Chainlink creator Sergey Nazarov says that the traditional finance (TradFi) world will be connected to decentralized finance (DeFi) via LINK. Nazarov says on the social media platform X that TradFi is gearing up to take the next big step in its adoption of digital assets and smart contracts. “Accelerating the adoption of digital assets/smart contracts in TradFi is just the start. Once the world’s largest asset managers and banks are on-chain, the next step is connecting them to the DeFi protocols already powered by Chainlink. Once there is a single standard for how transactions work correctly across multiple chains as…
In 2023, Africa’s share of global blockchain venture deals rose marginally to 1.3%, but the continent’s total funding dropped from 1.6% to 1.3%. Only South America’s share of blockchain funding ranks below Africa’s share. The continent achieved an all-time high in blockchain venture funding deal share, accounting for 6.4% of all venture funding and 12.5% of total deals. Africa’s 2024 Blockchain Funding off to a Slow Start According to the CV VC report, Africa’s share of global blockchain venture deals (1,306) rose from 1.2% to 1.3% by the end of 2023. However, the continent’s share of total blockchain venture funding…
Dogecoin (DOGE) is yet to recover from the tribute Elon Musk paid to Kabosu, the dog that inspired the creation of the meme coin. Since Musk’s posts relating to DOGE are a major growth booster, the coin has seen a bump in some of its key metrics. At the time of writing, Dogecoin is changing hands for $0.167, up by 3.67% in the past 24 hours, growth coming at a time when Bitcoin’s price has entered consolidation mode, however, with a 2.67% surge to $69,218.58. The Dogecoin growth over the past week has not followed a uniform pattern. In this…
As the cryptocurrency market experiences volatility, Michael Saylor, Chairman of MicroStrategy, has made a stoic remark in response to Bitcoin’s recent price slump. In a tweet that has caught the attention of the crypto community, Saylor stated: “1 BTC to 1 BTC,” reiterating a fundamental belief in Bitcoin’s enduring value despite market fluctuations. 1 BTC = 1 BTC — Michael Saylor⚡️ (@saylor) July 5, 2024 Bitcoin has seen its price fall below the $56,000 mark, continuing a decline that has now extended into its fourth consecutive day. This decline is part of a larger trend that has seen Bitcoin plummet,…
Between June 19 and July 19, within a 30-day period, the total value locked (TVL) in decentralized finance (defi) dropped below the $100 billion mark, hitting a low of $86.3 billion on July 7, 2024. Over the past three days, however, the TVL has managed to stay above the $100 billion threshold. Lido Leads Defi TVL as Sector Climbs 16.85% Since Early July The value locked in decentralized finance (defi) protocols has expanded recently, reaching $100.85 billion as of July 22. This marks a 16.85% rise since July 7, though it has yet to surpass the $109.66 billion recorded on…