Author: NBTC

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…

Peter Thiel-backed Layer 2 Layer N is transforming into a Layer 1 blockchain N1, enabling developers to build futuristic applications easily. N, the Ethereum-based Layer 2 solution, announced its transformation into its own Layer 1 blockchain, N1, this week. The new type of Layer 1 blockchain promises a revolution in how applications are built, enabling developers to create new generation decentralized applications (DApps) with 100,000 tps and multi-language support. Its predecessor, the N blockchain, a Layer 2 solution backed by billionaire Peter Thiel’s Founders Fund, offered developers a high-performance blockchain with high scalability, fast speeds and low transaction fees –…

Michael Saylor, the chairman of MicroStrategy, has sparked interest on social media with a commentary concerning his company’s Bitcoin acquisition strategy. The exchange began with a tweet from Bitcoin advocate Samson Mow, who playfully imagined a future scenario in which Saylor travels back to 2010 to stash Bitcoins after delivering two pizzas to the famous Bitcoin pizza buyer, Laszlo Hanyecz. Mow’s tweet paints a picture set in 2039 when 99.52% of Bitcoin has already been mined. In this scenario, Saylor, in a desperate bid to acquire more Bitcoin, could go back in time to trade two pizzas for 10,000 BTC.…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. We’ve all gotten accustomed to hearing about crypto projects that cater to traditional finance and massive investment firms applying for crypto exchange-traded funds. But it’s easy to forget how hostile and combative the DeFi-TradFi relationship once was. You might also like: Bridging TradFi and DeFi: The opportunities of complaint stablecoins | Opinion Of course, these two different financial systems won’t ever see eye to eye entirely. But by understanding that they can’t eliminate the other, hostilities have…

In a significant development within the cryptocurrency ecosystem, Orion Protocol (ORN) has officially migrated to its new native token, Lumia (LUMIA). The announcement was made by Coinbase Assets on X, indicating a strategic shift aimed at enhancing the protocol’s functionality and user experience. This migration necessitates users to actively engage with Lumia’s official migration portal and utilize compatible self-hosted wallets, such as Coinbase Wallet, to complete the token swap. Introduction to Orion Protocol and Lumia What is Orion Protocol? Orion Protocol is a leading decentralized finance (DeFi) platform that aggregates liquidity from various exchanges, providing users with seamless access to…

President-elect Donald Trump has picked Paul Atkins to replace Gary Gensler as chair of the Securities and Exchange Commission (SEC). Once Gensler resigns effective January 20, many anticipate an abrupt change within the world’s most powerful and well-staffed securities regulator. What should the crypto community expect to see under Atkins’ leadership, assuming he accepts Trump’s nomination? For starters, the man has previous experience at the SEC — so he can skip orientation and get right to business. Atkins worked on SEC staff from 1990 to 1994. Years later, he earned a promotion to one of the SEC’s five Commissioner seats…

Archax, a digital securities exchange and custodian regulated by the Financial Conduct Authority, has partnered with layer-1 blockchain XDC Network to drive the adoption of tokenized real-world assets The collaboration, announced on Dec. 5, aims to leverage regulated digital assets and blockchain technology to make tokenized RWAs accessible to financial institutions. Archax and XDC Network (XDC) emphasized ease of access and compliance as critical factors in unlocking the potential of RWA tokenization for institutional players, according to a blog post. Keith O’Callaghan, head of structuring at Archax, commented: “Innovation and evolution of digital assets has been at our core since…