Author: NBTC
Matrixport today released a chart highlighting the steady rise in Bitcoin funding rates, suggesting continued optimism among leveraged traders despite a typical market correction. Matrixport: Bitcoin Funding Rates Rise as Investors Remain Confident Despite Market Adjustment From a technical perspective, Bitcoin’s price could drop to the $89,000-$90,000 range, a key support zone that is expected to stabilize the market. As Thanksgiving approaches, Bitcoin’s astonishing 119% year-to-date gains are likely to dominate the holiday conversation, and it looks set to once again claim the title of best-performing asset of the year. Corporate Entries and Future Outlook A notable feature of this…
In a major step toward bringing traditional financial assets onchain, Backed, a pioneer in asset tokenization solutions, Sonic (fka Fantom), an EVM L1 blockchain that provides developers with alluring incentives and robust infrastructure, and Chainlink, the industry standard for onchain finance, have announced that they are collaborating with Fortlake Asset Management to tokenize their Sigma Opportunities Fund. Backed is tokenizing the fund by generating permissionless tokens that are 1 to 1 collateralized by fund units, and the price of these tokens is linked to the Net Asset Value (NAV) in real time. This indicates that tokens are usable inside the…
In a notable development, Ginoa.io has collaborated with Aipocalypto. The partnership focuses on advancing the Web3 gaming sector by combining the potential of blockchain and AI technologies, offering a truly community-led and immersive experience. The platform took to social media to disclose this partnership. 🔉 Ginoa x @ai_pocalypto: A Game-Changing Partnership We’re excited to announce Ginoa’s collaboration with #AIPOCALYPTO 🌐 Why is this important? 🔵 Innovation: Combining AI and Web3 gaming to redefine the gaming experience. 🔵 Unique Opportunity: Ginoa’s expertise plus… pic.twitter.com/R5ROdaKI7d — Ginoa.io (@ginoa_io) January 3, 2025 Ginoa.io Partners with Aipocalypto to Boost Web3 Gaming Experiences Ginoa.io brought…
Coinbase, the US-listed cryptocurrency exchange giant, has acquired the Cyprus unit of BUX (formerly Stryk) and renamed the entity Coinbase Financial Services Europe, Finance Magnates has learned. Is Coinbase Exploring CFDs? With this acquisition, Coinbase now holds a Cyprus Investment Firm (CIF) license, which authorises it to offer contracts for differences (CFDs) products. Additionally, the crypto exchange can passport this Cyprus license to provide financial services across other European Economic Area (EEA) member states. The Cyprus Securities and Exchange Commission (CySEC) registry confirms that the domain “coinbase.com/international-exchange/europe” has been approved by the regulator, although it is not yet operational. While…
EON Chain, a prominent secure and scalable chain, has announced its trailblazing partnership with Orbler. This collaboration is aimed at providing innovative marketing and gamification solutions to the users to enhance their Web3 experience. This alliance further introduces engaging features, airdrops, giveaways, and personalized visions. 📢 Partnership Announcement 🚀🌟EON x Orbler🌟We’re thrilled to partner with @Orbler1 to bring cutting-edge Web3 marketing and gamification solutions to the community! 🌐 Together, we’re making giveaways, airdrops, and custom missions more rewarding and engaging. 🎁✨Stay… pic.twitter.com/IoM6xFdfX8 — EON Chain (@eon_chain) January 2, 2025 The partnership merges the robust blockchain technology of EON Chain and…
Remixpoint, a Japanese energy and automotive firm, jumps on the recent Bitcoin surge by adding $3.2 million worth of BTC to its crypto holdings. In a recent company notice, Remixpoint declared that it has purchased 500 million yen (around $3.2 million) worth of Bitcoin(BTC). With Remixpoint’s latest purchase, the company now holds 250.13 BTC, worth approximately 3.67 billion yen ($24.16 million) at current prices. The firm cited Bitcoin’s upward price trend and Trump’s win in the U.S presidential election as reasons behind their decision to buy more Bitcoin. The Bitcoin purchase is expected to be completed by the end of…
Blockchain analytics and crypto price tracking platform Coingecko has released an insight into the performance of Layer 1 (L1) tokens. According to the analysis, L1 tokens have soared by over 7,000% since January, driven by “renewed enthusiasm” in the crypto market post-US elections. The report highlights how 2024 saw meteoric rises, sharp declines, and mixed performances for newly launched coins. Crypto investors have witnessed the surge of several tokens, with digital assets like Peanut the Squirrel (PNUT) experiencing price rises of over 5000%. Financial analysts believe the cryptocurrency’s recent market bull run was spurred by Donald Trump’s presidential election victory,…
Binance announces suspension of Dash token deposits and withdrawals for network upgrade. The Dash (DASH) network upgrade and hard fork announced by Binance, is set to take place on Jan. 7, 2025, at block height 2,201,472. Block height refers to the position of a specific block within the blockchain, and the network upgrade will occur once the blockchain reaches this point. Beginning at 19:00 (UTC+8) on the same day, Binance will halt DASH token deposits and withdrawals to facilitate a seamless transition. Users are advised to complete any necessary deposits in advance. The exchange will manage all technical aspects of…
Cardano and Tezos are emerging as green and highly adaptable for sustainable NFT development. Algorand and BSC have fairly higher TPS rates, strong security, and relatively low transaction fees for the elastic NFT market. Hyperledger fabric is designed for the production level of the application with unique and groundbreaking modularity. Development in the blockchain sector is the most significant force behind the NPC business, with accessible systems designed with smart contracts to improve scalability, security, and performance. Here are five of the most recognizable blockchains bringing change to the generation of NFTS. Cardano(ADA): Groundbreaking Scalability and Sustainability Cardano’s unbelievable scalability…
Billionaire venture capitalist Tim Draper has long believed Bitcoin (BTC) would surge to $250,000. In 2018, Draper first predicted the top crypto asset would hit $250,000 by 2022. When that failed to happen, the venture capitalist amended the timeline of that prediction until mid-2023. Now, Draper tells Benzinga he still thinks BTC is destined to jump to a quarter of a million dollars. “My first prediction was in 2014 when Bitcoin was at $180. I said that it would be $10,000 in three years. Sure enough, by the end of 2017, Bitcoin hit $10,000. Since then, I have not been…