Author: NBTC
Cryptocurrency users from across the globe are welcoming the success of Polymarket, a Polygon-based on-chain prediction market. During the U.S. presidential election last night, it handled enormous traffic increase with zero delays and surprisingly evolved into a go-to source of live news about election results. “Huge win for Polymarket”: Crypto Twitter excited as largest PM app works like clockwork Polymarket, a mainstream crypto-based PM app on Polygon (POL), made headlines last night. As the entire world was closely watching the statistics of U.S. presidential elections, Polymarket dashboards suddenly emerged as the most up-to-date data sources. I just got word that…
Bitcoin (BTC) and one or two layer-1 blockchains are likely to outperform the market, said Matthew Sigel, VanEck’s head of digital asset research. Speaking to Blockworks, Matthew Sigel said that in the long term, the economic value of the cryptocurrency sector will largely consist of just a few layer-1 networks. Stating that investors will turn to DePIN and DApps in the future, Sigel predicted that the economic value will be obtained by Bitcoin and Solana (SOL). “One to three types of layer-1 blockchains are likely to capture 99% of the economic value… My intuition is that the overwhelming majority of…
Ozean, the blockchain for real-world asset yield launched by decentralized finance credit pool platform Clearpool, has announced a strategic partnership with tokenized fixed-income platform HELIX. Built on Optimism (OP) and powered by Clearpool’s CPOOL, Ozean is a permissionless Ethereum layer-2 platform aiming to accelerate the future of on-chain private credit. According to an announcement, Ozean intends to achieve this through its partnership with HELIX, a platform providing institutional-grade RWA opportunities via tokenization of private credit and fixed income. Read more: Hex Trust teams up with Clearpool to launch Ozean Clearpool and HELIX have reportedly managed nearly $1 billion in combined…
Bitcoin’s October 2024 close above the 2021 all-time high suggests renewed market confidence and strong support. Analysts view Bitcoin’s close above a previous ATH as a potential signal of upcoming bullish momentum. This milestone may draw more traders and investors, reinforcing Bitcoin’s position as a valuable asset. The interest has surrounded the recent monthly closing of Bitcoin in the year October in 2024. For instance, BTC/USD traded above its level from the previous ATH in 2021, which remains a favorable sign to most people. However, some analysts claim that this trend may signal bullish signals for the digital currency despite…
The post-election period is driving a reassessment of all crypto sectors. DeFi is one of the areas to see potential change, in expectations of a crypto-friendly US administration. The potential for a crypto-friendly regulatory climate in the USA is driving a repricing event for top DeFi tokens. The electoral victory of Donald Trump sparked hopes of shifting attitudes to crypto and on-chain finance. The latest developments are starting to affect different crypto sectors, leading to outsized recoveries. DeFi and DEX tokens were one of the hottest trends in the past few days, with expectations of a bright future under Trump’s…
A recent survey from eToro shows that Gen Z investors are far more likely than older groups to discuss investments with friends and family. The study, covering 10,000 retail investors across 12 countries, found that 55 percent of Gen Z respondents aged 18 to 27 spoke about their portfolios with friends, and 44 percent shared their investment activities with relatives. Among baby boomers aged 60 to 78, only 29 percent had such discussions with friends, and 22 percent with family. This trend extends beyond family circles. Gen Z respondents are more likely than boomers to compare investment strategies with strangers,…
The upcoming week shows a flurry of market activity with over $113 million worth of tokens unlocked between September 16 and 22, 2024. Major projects such as Arbitrum (ARB), Space (ID), and ApeCoin (APE) are among the tokens set to increase their circulating supply. Arbitrum (ARB) Leads with $48 Million Unlock ARB, one of the biggest highlights, kicks off the week on September 16. The Ethereum Layer 2 scaling solution will unlock $48.01 million worth of ARB tokens, representing 2.65% of its circulating supply. This scheduled release is going to the project team, founders, and private investors. With only 32.71%…
In a recent statement, the Conflux Network co-founder known as Forgiven shared information regarding the circumstances surrounding the listing of the CFX token on Binance. The statement noted that Binance did not charge Conflux any initial listing fees. However, due to the token’s poor price performance post-listing, the project was penalized with a 150,000 BUSD deposit, which was later reduced to zero. Forgiven also revealed that Conflux did not encounter any security breaches during its relationship with Binance. As a result, the 5 million CFX security deposits held by the exchange were fully refunded. The founder made the following statement:…
The world of cryptocurrencies has just taken a significant step forward in the digital payments sector: Solana Pay, the payment system initially built on the Solana blockchain, has expanded its support to include Bitcoin (BTC), Ethereum (ETH), and Layer 2 (L2) solutions. This expansion represents a great advantage for merchants and customers, offering greater flexibility and variety in payment options. Anyone shopping at stores using Solana Pay can now choose the cryptocurrency they prefer, making crypto purchases even more accessible and practical. Solana Pay: expanded support to include Bitcoin and Ethereum The advantages for traders Solana Pay and the future…
Leading cryptocurrency Bitcoin fell below $69,000 in Asia today after falling 4% from a one-month high. Trump May Be Behind the Fall in Bitcoin! The decline comes as odds of a Trump victory over Kamala Harris narrowed on PredictIt, Polymarket and Kalshi, where users can bet on the US election outcome. At this point, Sean Farrell, speaking to Bloomberg, said that the reason behind Bitcoin’s decline is the decrease in the probability of Trump’s election victory in the betting markets. Speaking to Bloomberg, Sean Farrell, head of digital asset strategy at Fundstrat Global Advisors LLC, noted that BTC’s bullish momentum…