Author: NBTC

Stacks Network, the Bitcoin layer-2, is one of the largest DeFi protocols on the world’s most secure platform. DeFiLlama says the platform manages over $109 million worth of assets. It continues to expand and improve as decentralized financial services find traction. Stacks Network Activating Nakamoto On October 29 Over five years after launching, the network is preparing for one of its most important upgrades: Nakamoto. Analysts and platform supporters claim this update would have far-reaching implications, especially for its ecosystem. The team said the latest update would go live on October 29. Most importantly, the transition will introduce features that…

The Missouri Senate introduced SB 194 on Dec. 1, proposing to ban central bank digital currencies (CBDCs) as legal tender within the state. The bill seeks to prohibit public entities from accepting or using CBDCs and modifies the definition of “money” under the Uniform Commercial Code to exclude these digital currencies. Sponsored by Senator Brattin, SB 194 outlines several provisions affecting Missouri’s financial policies, including the requirement for the State Treasurer to hold gold and silver reserves equal to at least 1% of all state funds. Further, it also reduces tax liability for gold and silver as it “exempts from…

Phantom Wallet has expanded support to the Sui network as part of its move toward becoming a multichain wallet. Phantom Wallet, initially known as a Solana-exclusive wallet, has now evolved into a multichain platform, expanding beyond Solana, Bitcoin, Ethereum, and Polygon to now include Sui. “The integration of Phantom Wallet with Sui represents a giant leap for the Sui ecosystem,” said Jameel Khalfan, Global Head of Ecosystem at the Sui Foundation. “Phantom Wallet is selective about which chains they support, and we are proud to now be included among this notable group.” The expansion comes as Sui’s value has increased…

Will crypto markets experience another week of low volatility and inactivity, or is Bitcoin about to break out and kick off “Uptober”? On Oct. 14, analyst CrypNuevo told his 117,000 X followers that the week ahead should be good for price action. “We’ve seen aggressive moves in both directions, and they are being retraced,” he said before predicting that BTC will move higher this week. Up or Down This Week? The analyst highlighted a liquidation cluster to the upside between $63.5K and $65K, noting that there could be a possible shakeout first, especially at the start of the week, “but…

Decentralized Physical Infrastructure Networks (DePin) are transforming the tech by enabling decentralized projects in real-world infrastructure. Here’s the latest in the DePin sector: Chirp celebrated two full years of operation and announced its game launch next week, MapMetrics released quality-of-life improvements for its navigation app, and Privasea is conducting a node sale with CVPad. Chirp Celebrates Two Years Chirp, the DePin network and IoT ecosystem, celebrated its second birthday on October 18. The firm’s announcement described 2022 and 2023 as years of fundamental construction: laying foundations, building partnerships, and beginning to expand its fledgling network. 2024, however, has been a…

The Missouri Senate has introduced a bill to prohibit central bank digital currencies as legal tender while encouraging the state to hold more of its reserves in gold and silver. Known as SB 194, the legislation was filed on December 1 and is sponsored by Senator Rick Brattin. The bill aims to block public entities from accepting or participating in CBDC programs. It also mandates that the State Treasurer hold at least 1% of state funds in physical gold and silver. An exemption on capital gains taxes further incentivizes these metals. CBDCs are digital currencies issued by central banks, such…

peaq, the layer-1 blockchain for the Machine Economy, has announced the expansion of its ecosystem as PING joins to decentralize gaming. PING is building a DePIN of gaming laptops to work as a decentralized cloud service for Web3 and Web2 games. The DePIN will enable gamers to earn rewards for sharing their idle computing resources with game developers and other projects, such as AI startups in need of GPU capacities and crypto miners. As part of its integration with peaq, it will set up a mechanism enabling laptop purchases with stablecoins via peaq and launch its token on the network…

Bitcoin’s price spiked over the weekend to above $64,000. Crypto market analysts predict that Uptober could usher in a bull run that would see BTC trading above $70,000. Today’s BTC price run nears a 10% surge since the U.S. CPI report read on October 10th, 2024. Bitcoin Uptober is here According to on-chain data from CoinGecko, today’s Bitcoin (BTC) price stands at $64,424, up 2.5% in the last 24 hours. The Bitcoin Fear and Greed Index shows investors at a 48 neutral sentiment. Bitcoin analysts predict that BTC could break through the $65,000 resistance level this week. On-chain data points…

DeFi lending on Bitcoin-based Liquidium reached a four-month high of 21 BTC on Dec. 5, following the top asset climb to a new all-time high above $100,000. Onchain data reveals that loans against Runes accounted for 57% of Liquidium’s daily volume, contributing 12 BTC, while Ordinals accounted for the remaining 43%, contributing 9 BTC. These numbers reflect a year-long upward trend for Liquidium, which has facilitated over 63,000 loans totaling more than 3,378 BTC. Runes dominate the platform, comprising over half of all collateral. Liquidium enables users to borrow Bitcoin against assets like Runes, Ordinals, Inscriptions, and BRC-20 tokens. Its…

Traders pile into APE calls options on the altcoin-focused derivatives exchange PowerTrade. Some traders bought the call option at $2.2, representing bullish expectations. APE ecosystem’s governance and utility token APE has doubled in value to $1.50 since the weekend, leading the broader market higher. Options activity on PowerTrade, a crypto exchange focused on derivatives tied to alternative cryptocurrencies (altcoins), suggests that the recent strong bullish momentum is expected to persist in the short term. Open interest, or the number of active APE options contracts, surged by over 800% to 263,000 ($394.5K) in one day, PowerTrade told CoinDesk Monday, adding that…