Author: NBTC
Bitcoin (BTC) has recently reached a new high, surpassing the $100,000 mark – a big deal for the cryptocurrency market, both financially and psychologically. The achievement has sparked a lot of celebration and analysis across the crypto community, showing how the asset has grown and what it can still achieve. Brian Armstrong, the CEO of Coinbase, shared his thoughts on this historic event in a recent post, pointing out how Bitcoin has done well over the years. He noted that if you had invested $100 in Bitcoin in 2012, when Coinbase was first set up, it would now be worth…
As the DeFi sector keeps evolving, the DeFi projects have seen a significant development in terms of total value locked. As per the data from DefiLlama, EOS EVM, Nibiru, Hyperliquid, RENEC, and Lisk have led the market in terms of monthly TVL change. The increasing TVL highlights the popularity of these projects among the users. EOS EVM Leads the Top 15 DeFi Projects Based on Monthly TVL Change with a +31405% Growth The data mentions that EOS EVM is dominating the DeFi realm in the case of total value locked. It has seen a +31405% change in total value locked…
reAlpha, a real estate technology company that leverages artificial intelligence (AI) technologies, has announced a move to integrate cryptocurrencies into its treasury strategy. The company’s board of directors approved an investment policy that allows up to 25% of its excess cash beyond the estimated six months of operating expenses to be allocated to cryptocurrency purchases. Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) were designated as the company’s primary treasury reserve assets. “This initiative, approved by the board, demonstrates our forward-looking approach to capital management,” said Giri Devanur, CEO of reAlpha. “By allocating a portion of our excess cash to crypto…
As Ripple secures the much-anticipated regulatory approval to list its stablecoin RLUSD, industry experts are weighing in on how RLUSD’s launch could impact the price of XRP. In a commentary on X, software engineer Vincent Van Code, and XRPL validator Vet offered contrasting perspectives on XRP’s price trajectory in light of RLUSD’s arrival. They highlighted both bullish possibilities and pragmatic limitations. How RLUSD’s Launch Could Impact XRP Price Van Code noted that the New York Department of Financial Services (NYDFS)’s approval of RLUSD has already raised XRP’s price from $1.90 to $2.35. However, he described this surge as a “speculative…
FTX is approaching the final stages of its bankruptcy process with an announcement of a new timeline for a significant $16 billion reimbursement plan for its creditors. Set to commence on January 3, 2025, this move marks a critical milestone in resolving one of the most dramatic collapses in the cryptocurrency industry. The reimbursement strategy comes after the Delaware bankruptcy court’s endorsement of FTX’s Chapter 11 reorganization plan in October, a significant step aimed at rectifying the financial turmoil following its public implosion in November 2022. Under the approved plan, the estate will initiate the payment process, starting with the…
Donald Trump’s next financial war might not be with BRICS nations or even the Federal Reserve. It’s likely going to be with himself. The former president, back in power and already stirring up global drama, may soon face an impossible decision: save the U.S. dollar or bet big on Bitcoin. For a man who thrives on chaos, the stakes couldn’t be higher. On one side, Trump is aggressively defending the dollar’s dominance, threatening a 100% tariff on BRICS countries if they move forward with plans to ditch the greenback. On the other, his rumored Bitcoin reserve plan could make the…
Layer 3 protocol Orbs has announced the launch of Liquidity Hub V2, described as a significant upgrade to the infrastructure solution it introduced last year. The latest iteration builds upon the success of its predecessor, operating as an L3-powered meta aggregator that lets DEXs pull liquidity from anywhere, delivering optimal pricing without manual liquidity sourcing. To date, Liquidity Hub has been integrated into nine protocols and blockchains since being launched in partnership with Polygon-based decentralized exchange (DEX) QuickSwap. What’s New with Liquidity Hub 2.0? Designed to address long-standing challenges in the multichain ecosystem, the original Liquidity Hub unified fragmented liquidity…
Elvira Nabiullina, Governor of the Central Bank of Russia, reaffirmed the institution’s position against the use of cryptocurrencies for domestic payments. Speaking at a recent press conference, Nabiullina stated, “We continue to believe that cryptocurrencies should not be used as a means of domestic payment,” according to Reuters reporting. This stance aligns with Russia’s current legislation, which prohibits the use of digital assets for transactions within the country. However, Nabiullina emphasized the central bank’s support for using cryptocurrencies in international trade as a way to mitigate the impact of Western sanctions. “We do agree, support, and promote projects related to…
Bitcoin (BTC), Federal Reserve Chair Jerome Powell said yesterday, is not a competitor of the U.S. dollar but to gold. Not only did the largest cryptocurrency by market capitalization soar through $100,000 during Asia trading hours, reaching a record $104,000, it’s also at an all-time high when priced in gold, worth about 39 ounces, breaking through the last remaining resistance level for that trading pair. It has also hit records against silver and the S&P 500. The price action means bitcoin is now an over-$2 trillion asset class, with its sights on overtaking Google (GOOG), whose market cap is $2.14…
Aave price reached a 3-year high of around $395 this month, after TVL, fee, and revenue growth. AAVE token is currently trading at $333, with around 10% price rise in the last 24 hours. Since the return of the bull run as the year comes to end, several altcoins recorded huge price surges following Bitcoin. However, the major cryptocurrencies are trading in red for the past week, Bitcoin and Ether returning to $95K and $3.3K price ranges respectively. The total DeFi trading volume is reminiscent of the days of 2021, amounting to $10.54 billion. Aave regained its position as the…