Author: NBTC
If you’ve seen headlines about classic games like Pac-Man and Tetris running on Bitcoin, or a pixel-perfect port of iconic shooter Doom being playable on Dogecoin, you might be wondering: Wait… what does that even mean? Fair question! The explanation isn’t all that complicated, thankfully, but the whole concept of video games running on blockchains designed solely for the purpose of digital money doesn’t make a whole lot of sense on the surface. But thanks to the launch of NFT-like protocols on those chains, people are “inscribing” media like artwork and even playable video games on these decentralized networks—whether it’s…
Bitcoin futures’ open interest on a one-day basis saw the biggest jump in 24 hours since June, an increase of over 20,000 BTC. Since Oct. 16, U.S listed spot ETFs have seen $2.7 billion of net inflows. Bitcoin (BTC)-tracked futures set a record high open interest (OI) in U.S. dollar terms early Tuesday as the asset broke past $71,000 for the first time since June, data shows. BTC futures recorded their biggest one-day jump since June 3 with OI jumping over 20,000 BTC, worth $2.5 billion at current prices, to reach almost 600,000 BTC, or $42.6 billion, as of Tuesday.…
Boros by Pendle enables capital-efficient yield trading across DeFi, TradFi, onchain, and offchain markets. vePENDLE holders to receive a pro-rata airdrop, enhancing long-term token value stability. Pendle has launched Boros, a platform that is designed to make yield trading more efficient. The Pendle new platform lets traders have capital-efficient access to a range of returns, from chain to offchain traditional finance (TradFi) and decentralized finance (DeFi). Boros presents significant opportunities in yield trading, particularly for large-scale, market segment heretofore unmet in this way, trading funding rates. Bridging DeFi and TradFi for Comprehensive Yield Trading Targeting funding rates on perpetual exchanges,…
It’s not just Bitcoin itself that is seeing immense demand and startling price jumps over the past week—the American spot exchange-traded funds (ETFs) likewise saw enormous inflows following Donald Trump’s election win. Data from CoinShares shows that investors were hungry for crypto products last week—and threw nearly $2 billion at investment funds giving exposure to digital assets. Most of this money was focused on the Bitcoin ETFs that the Securities and Exchange Commission (SEC) approved in January. The funds—run by asset managers such as Fidelity, BlackRock, and Grayscale—allow investors to buy shares that track the price of the biggest virtual…
Early Shiba Inu investors would be sitting on millions of dollars if they invested modest amounts in SHIB at its initial price and held through the past four years. Shiba Inu is one of the most successful cryptocurrencies in this decade. The meme coin recorded massive rallies during the previous bull run, outperforming the rest of the market, and has continued to retain its relevance by maintaining a spot among the top 15 crypto assets. Shiba Inu Historical Success Due to its meme coin origins, industry leaders like Ethereum co-founder Vitalik Buterin expected an imminent collapse three years ago. However,…
Federal agents seized electronic devices from Polymarket CEO Shayne Coplan’s Soho residence early Wednesday morning, a week after the prediction market platform correctly forecast Donald Trump’s presidential election victory. According to a report by the New York Post, law enforcement officers arrived at the 26-year-old entrepreneur’s home at 6:00 a.m. to confiscate his phone and other electronics, a source close to the matter said. “They could have asked his lawyer for any of these things. Instead, they staged a so-called raid so they can leak it to the media and use it for obvious political reasons,” the source told The…
According to statistics provided by DeFiLlama, Binance, which is the leading blockchain ecosystem in the world and the biggest cryptocurrency exchange in terms of trading volume and users, has achieved two consecutive billion-dollar inflow weeks. This brings the total amount of net inflows for the month of November to more than $5 billion dollars. This number is five times higher than the net inflows of the platform that comes in second place in terms of size. Binance’s position as the preferred trading platform is further strengthened by this exceptional expansion, which comes at a time when market demand is increasing…
A revamped version of Bubblemaps, a blockchain analytics and visualization app, aims to help cryptocurrency’s plebs identify the whales, using AI and other new features. Bubblemaps launched in 2021 to provide a simplified way for blockchain users to understand the supply distributions of various digital assets. The platform’s latest update seeks to boost transparency in the crypto market by exposing token ownership patterns that may indicate centralization or manipulation. “On-chain data deserves more attention,” said Bubblemaps CEO Nicolas Vaiman in an interview with CoinDesk. “It is the lifeblood of the system. However, it is widely overlooked by the majority of…
As October nears its end, Bitcoin (BTC) has finally found the momentum expected from ‘Uptober’ as it first broke the protracted downtrend. The flagship cryptocurrency rallied from October 10 lows under $60,000 to a relatively stable level near $68,000 and, in the last 24 hours, surged above $71,000. Specifically, having managed a 4.22% rise to $71,184 during the last day of trading, Bitcoin is, at press time, 8.61% in the green in the 30-day time frame and has climbed 65.67% from where it stood at the start of 2024. Still, the world’s premier cryptocurrency has yet to reclaim the March…
Nearly two years after FTX’s collapse impacted Solana’s decentralized finance (DeFi) sector, Coinbase is attempting to reintroduce bitcoin-based trading to the Solana blockchain with its new token, cbBTC. Launched recently, cbBTC is a bitcoin-backed token that users can transfer between their Coinbase accounts and Solana wallets, allowing easier bitcoin transactions within Solana’s DeFi ecosystem. Solana’s DeFi sector has lacked a reliable bitcoin token since FTX’s downfall in November 2022, which rendered soBTC—widely used on Solana—unavailable. This absence created a disadvantage for Solana compared to Ethereum, which offers multiple options for bitcoin-backed tokens in its DeFi landscape. Coinbase’s cbBTC aims to…