Author: NBTC

Yesterday, a news circulated widely on X that JP Morgan had announced its intention to offer its clients an actively managed Bitcoin fund. The problem is that it seems it is not a confirmed news. The source, in fact, does not appear to be official or authoritative, but it would seem to be just a tweet from BITCOINLFG. BIG BREAKING 🚨MAJOR U.S 🇺🇲 BANK GOES BIG ON #BITCOIN JP Morgan announced plans to offer an actively managed #Bitcoin fund to its private wealth clients 📈 pic.twitter.com/6SMI0fRusD — BITCOINLFG® (@bitcoinlfgo) September 22, 2024 JP Morgan and the fake news about Bitcoin:…

Bitwise is converting three of its futures-based exchange-traded products into a single fund. The fund, called the Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF, will rotate between 100% exposure to crypto futures contracts and 100% exposure to U.S. Treasuries. The conversion will take place on Dec. 3, the asset manager said. Bitwise was one of the money managers who joined the spot bitcoin ETF revolution earlier this year, introducing a fund that now holds $2 billion of the cryptocurrency. But that plus the subsequent introduction of exchange-traded funds for Ethereum’s ether (ETH) diminished interest in three older Bitwise products…

With billions wiped off the crypto market over the past few days, decoupling from the general trend is setting Aptos (APT) apart. Today, Aptos is the most profitable of the top 50 digital currencies by market cap after soaring by 12.5% in the past 24 hours. 3 Aptos catalysts With the current growth rate, the altcoin price topped $8.93, conveniently paring off the losses accrued over the past week. The boost in trading volume is one of three major catalysts fueling Aptos’s resurgence. Per CoinMarketCap data, this metric has jumped by 62% to $550,398,876, making it the 17th most traded…

As Bitcoin records its seventh consecutive bullish day, will an extension rally reach $69,848 this weekend? With a bullish recovery in action, Bitcoin has witnessed a boost in trend momentum. Last week, it jumped 7.5%, following the 7.77% recovery the week before. As the recovery rally gains momentum, the BTC price has increased 7.88% from September 1, with an opening price of $58,967. Furthermore, the high-momentum recovery rally in the BTC price will likely undermine the 8.74% drop in August 2024. However, the short-term bull run in Bitcoin continues to respect the consolidation range starting in March 2024. With lower…

Puffer Finance, a decentralized liquid restaking protocol, has recently unveiled a new project named Fast Path Rewards. As per Puffer Finance, Fast Path Rewards is an exclusive funding mechanism facilitating permissionless validators present on the Liquid Restaking Protocol. The platform disclosed this launch on the social media platform X. Puffer is introducing Fast Path Rewards (FPR), a new funding mechanism for permissionless validators in our protocol. 🧠https://t.co/5k4e1Qq6xKWhat does FPR mean for Puffer validators and stakers? Read the blog article or follow this 🧵 to find out!1/5 — Puffer Finance 🐡 (@puffer_finance) October 6, 2024 Puffer Finance Releases Fast Path Rewards…

Both Bitcoin (BTC) and Ethereum (ETH) ETFs have been launched in the US this year. While BTC ETFs saw strong demand, ETH ETFs underperformed with weak performance. However, according to the latest data, demand for cryptocurrency-related ETFs is stronger than expected. Nate Geraci, President of The ETF Store, criticized the limited demand for cryptocurrency-related ETFs in his post, emphasizing the increasing trend towards ETFs. Geraci said many of the best-performing ETFs launched in 2024 are tied to cryptocurrencies, indicating a strong market appetite for exposure to crypto assets. Geraci said that at this point, 525 ETFs have been launched in…

Cardano’s Charles Hoskinson has weighed in on the tech shift from Prism to HyperLedger Identus. This major tech shift took place in the ecosystem about ten months ago. The transition featured new decentralized solutions, and Hoskinson described it as an Apache2 open-source framework for identity applications. Understanding The HyperLedger Identus Framework The HyperLedger Identus protocol is designed to integrate decentralized identity solutions into supported applications. One of its most common offerings is extensive Self-Sovereign Identity (SSI) support. SSI is built on the World Wide Web Consortium (W3C) Decentralized Identity specification. This latter solution includes a Decentralized Identifier (DID) and verifiable…

In July, the proof-of-work (PoW) crypto mining algorithm Kheavyhash, used by the kaspa (KAS) crypto asset, held the top spot for profitability among consensus algorithms. Fast forward to today, and it’s the Blake3 algorithm that’s taking the lead, with alephium (ALPH) miners raking in an estimated $40.53 in daily profits. Blake3 Tops PoW Mining, Followed by Scrypt, Kheavyhash, SHA256, and Eaglesong Ninety-six days ago, our newsdesk shared an analysis of the top five PoW consensus algorithms, but things have shifted since then. Kheavyhash, once the leader, has now dropped to third place as KAS mining rigs have shuffled the rankings.…

Samson Mow, the popular Asian Bitcoin evangelist and CEO of JAN3, has called on the government of Japan to acquire 167,000 BTC tokens. Mow persuaded Japan to buy the premier asset in a tweet on Sunday after a discussion at the Bitcoin and Layer 2 session in Japan. The conference, hosted by Blockstream, Crypto Garage, and Fulgure Ventures, aimed at promoting Bitcoin adoption at the state level in Japan. Notably, representatives of Japan’s major banks, financial technology firms, and regulators attended the conference. During the session, Mow discussed Bitcoin’s growth, scarcity, and fiscal implications. Japan to Explore Bitcoin Due to…

Solv Protocol generated $1.48 million in fees within 24 hours, surpassing major DeFi platforms like Solana and Uniswap. Solv Protocol’s TVL reached $1.4 billion, positioning it as the top protocol in the Bitcoin Finance ecosystem. Generating $1.48 million in protocol fees in just 24 hours is an amazing achievement for Bitcoin staking platform Solv Protocol. Ahead of some well-known names like Solana, which recorded around $1.24 million, and Uniswap with $1.15 million, this ranks it sixth in the DefiLlama ratings. With $1.4B TVL, Solv now holds the highest TVL in the BTCFI ecosystem.@SolvProtocol is generating $1.48M in fees over 24h,…