Author: NBTC
Ordinals (ORDI) Coin is gaining attention for its innovative ability to allow Bitcoin users to append data to their Satoshis, paving the way for unique collections and NFTs. This article delves into the Ordinals network, highlighting its features and recent availability on Binance. Contents hide 1 What Is the Ordinals Protocol? 2 How Do BRC-20 Tokens Factor In? 3 Where Can You Acquire ORDI Coin? What Is the Ordinals Protocol? The Ordinals protocol allows users to attach extra information to the smallest Bitcoin unit, known as Satoshi. This capability enables individuals to create personalized collections and NFTs, thus broadening the…
Today, over $10 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are due to expire. Market watchers are particularly attentive to this event due to its potential to influence short-term trends through the volume of contracts and their notional value. Examining the put-to-call ratios and maximum pain points can provide insights into traders’ expectations and possible market directions. Bitcoin and Ethereum Options Expiring Today The notional value of today’s expiring BTC options is $9.47 billion. According to Deribit’s data, these 98,309 expiring Bitcoin options have a put-to-call ratio of 0.84. This ratio suggests a prevalence of purchase options (calls)…
Innovation races forward at unprecedented speeds in the decentralized finance world, opening the doors to new ways for investors to maximize their returns on digital assets. One of the hottest trends to take off in 2024 was restaking, which allows DeFi users to leverage staked tokens across various protocols and amplify their returns without adding new capital. Restaking is a strategy for utilizing staked capital, which is locked in smart contracts to secure blockchain networks. Proof-of-stake blockchains like Ethereum are secured by their users, who “stake” the network’s native crypto asset in smart contracts to verify and confirm transactions, earning…
Bloomberg is back to doing what it does best: pushing fear, uncertainty, and doubt (FUD). This time, the target is Tether, the crypto industry’s biggest stablecoin issuer, and the ammunition is Donald Trump’s presidency. Bloomberg’s latest editorial predicts what’ll happen when Trump’s crypto-friendly policies collide with Tether’s controversial practices. But let’s just call this what it is — an attack on crypto, laced with political undertones. It’s not the first one this month either. Tether acts as a digital dollar, providing traders a safe haven from unstable local currencies and other volatile cryptos. It’s supposed to be simple: for every…
Solana is one of the fastest and most efficient blockchains on the market today. This has attracted a number of promising projects to build on Solana, and the platform has also attracted many users that have been priced out of Ethereum due to its high transaction fees. So, how fast is Solana exactly? Solana is handling over 5,000 transactions per second in real-world scenarios, but has reached as high as 65,000 TPS during testing. In this article, we will be taking at the Solana TPS figures and how Solana stacks up against other popular blockchains in terms of performance. We…
Bitcoin witnesses a massive spike in exchange net outflows as the recent price rebound bolsters bullish investor sentiments. Market participants are increasingly pulling their Bitcoin (BTC) tokens out of exchanges as bullish sentiments dominate the scene. This turn of events comes on the back of the recent price rebound, which has seen BTC recover $96,000. For context, after hitting an all-time peak of $99,800 on Nov. 22, Bitcoin faced a massive pullback. As a result, the firstborn crypto asset retested the $90,000 support four days later. Notably, The Crypto Basic confirmed that this retracement was due to profit-taking trades from…
The decentralized finance or DeFi industry is in a revolution as LayerBank continues revealing that it will join forces with Ozean Mainnet. This is a great step toward a comprehensive cross-chain lending ecosystem, which is an important step in the expansion and real use of the DeFi market. 🤝 Ozean partners with @LayerBankFi to introduce cross-chain lendingLayerBank will deploy on Ozean’s Mainnet, and become a cornerstone lending platform, bringing its 693K+ users to the Ozean ecosystem.A universal liquidity hub and on-chain money market, LayerBank is designed… pic.twitter.com/fe4F3Qc7lv — Clearpool (launching Ozean🌊) (@ClearpoolFin) December 30, 2024 Expanding Horizons: LayerBank’s Deployment on…
OKX announced the completion of the 26th OKB Burn event, which took place today. OKX Completes 26th OKB Burn, Over 140 Million Tokens Burned to Date During this event, 18,488,690.46 OKB tokens were permanently removed from circulation, reflecting the platform’s commitment to maintaining the token’s deflation mechanism. Key Points Event Period: September 1, 2024 to November 30, 2024. Total Burned This Cycle: 18,488,690.46 OKB. Cumulative Burned: As of this burn, a total of 140,146,792.15 OKB have been permanently removed from the token supply. What is OCD Burn? OKB burn is a deflationary initiative by OKX where a portion of the…
The crypto world is buzzing as FTX, the collapsed cryptocurrency exchange, prepares to repay $16 billion to its customers and creditors starting January 3, 2025. This repayment marks a major milestone in rebuilding trust in the crypto industry after FTX’s shocking downfall in 2022. 🚨🚨 MASSIVE NEWS 🚨🚨FTX begins repaying $16 BILLION to creditors on Jan 3, 2025! 🚀Payments expected within 60 days… and guess what? A big chunk of that $$$ might flow BACK INTO CRYPTO.The bull run just got its fuel. Buckle up. 🔥 #Bitcoin #crypto pic.twitter.com/TwqeXknvYR — Quinten | 048.eth (@QuintenFrancois) December 29, 2024 FTX’s repayment plan…
NEAR Protocol is experiencing significant momentum, driven by its recent AI integrations and robust market dynamics that suggest a potential price surge. The integration of artificial intelligence within NEAR’s ecosystem is not only transformative but also positions it as a leader in the rapidly evolving blockchain landscape. Industry expert Daan Crypto Trades noted, “NEAR is holding nicely on the retest and has been grinding higher,” highlighting the token’s stability and growth prospects. NEAR Protocol is poised for growth with AI integration and rising market momentum, creating a potential pathway toward double-digit prices. NEAR enters the AI sector With the launch…