Author: NBTC
Vancouver Mayor Ken Sim wants Bitcoin on the table as a serious contender in the city’s financial strategy. He proposed Vancouver explore Bitcoin as a reserve asset to diversify its financial reserves and protect the city’s purchasing power. His proposal will be reviewed by the Vancouver City Council on December 11. Sim’s motion, “Preserving the City’s Purchasing Power Through Diversification of Financial Reserves – Becoming a Bitcoin Friendly City,” is being pitched as a forward-thinking move in an economy he says is riddled with uncertainty. During a council meeting, Sim made his case loud and clear. He told council members…
Ordeez bridges Bitcoin and NFTs with ordinal derivatives for enhanced security. Ordeez preserves NFT attributes, ensuring authenticity and preventing counterfeiting on Bitcoin. Ordinals, the unique data inscriptions on the Bitcoin blockchain, are rapidly gaining attention in the crypto world. As this innovative concept evolves, projects enhancing its utility become focal points within the community. Ordinals allow users to inscribe arbitrary data, such as images, text, or even code, onto individual satoshis—the smallest unit of Bitcoin. This development has unlocked a new layer of creativity and functionality on the Bitcoin network, enabling use cases that extend beyond traditional financial transactions. The…
Coinbase has now overtaken two of the world’s largest securities exchanges in terms of transaction revenue, according to a crypto analyst from the private bank Coutts. The crypto exchange generated $5.75 billion in transaction revenue over the past 12 months, compared to just $4.54 billion for the Nasdaq, where many of the world’s most valuable companies, including Apple, Google, and Microsoft, are traded. Coinbase also surpassed the Stock Exchange of Hong Kong, the HKEX, which generated $2.67 billion over the past year, as well as Brazil’s Bolsa Balcão, which generated $1.81 billion. Keep in mind that these numbers are not…
Dogecoin co-founder Billy Markus, who goes by Shibetoshi Nakamoto on X, recently reflected on a Galaxy Research piece from May 2021. The article delved into the whimsical and unconventional nature of Dogecoin. This cryptocurrency started as a joke in 2013 but has since gained a massive following and significant market value, and likewise, the design choices that shaped Dogecoin. One line from the article particularly stood out to the Dogecoin co-founder: “Monetary flexibility. Dogecoin’s unreasonably short maturity window wasn’t the only bizarre design choice made by the creators of the asset.” my favorite line: “Monetary flexibility. Dogecoin’s unreasonably short maturity…
Synthetix exchange relaunches with multi-collateral perpetuals on the Base network. The reboot of Synthetix comes with a new website, relaunch of its exchange, and upcoming launch of Synthetix Leveraged Tokens. Following two acquisitions, Synthetix announced its relaunch today with multi-collateral perpetuals on the Base network. The Synthetix reboot comes with the launch of a new website, relaunch of its exchange platform, and Synthetix Leveraged Tokens, along with perpetuals on Base. While the ongoing crypto bull run contributes to the success of Synthetix exchange relaunch, the exchange is making several major changes to its features. As a part of the relaunch,…
Bitcoin’s price recently surged to an all-time high (ATH) of $104,087 but has since entered a phase of consolidation. Despite reaching new highs, Bitcoin is struggling to break past the $100,000 barrier. Investors are cautiously optimistic, but there is concern that the market may be at a tipping point, where a decline could follow if BTC fails to hold above this level. Bitcoin Faces High Risk Bitcoin’s market sentiment is currently marked by very high risk, as indicated by the NUPL (Net Unrealized Profit/Loss) metric. The NUPL has surpassed 0.59, which is one standard deviation above the 4-year average. This…
Band Protocol integrates with Celo Alfajores L2 to enhance DeFi applications with accurate decentralized price data and security. Developers on Celo L2 gain real-time, cross-chain price feeds from Band Protocol, empowering dApps like DeFi, GameFi, and NFTs. Band Protocol has announced its integration with Celo Alfajores Layer 2 (L2), which represents a big step forward in decentralized finance (DeFi). Combining Celo’s goal of worldwide financial inclusion with Band Protocol’s demonstrated knowledge of decentralized Oracle solutions marks significant progress in this regard. Developers now have access to improved data accuracy and security by including Band Price Oracle into Celo’s ecosystem, therefore…
Leading crypto exchange, Crypto.com, has appointed Mohammed Al Hakim as President of its United Arab Emirates (UAE) operations, as learned by Finbold on Wednesday, December 18. The move comes as Crypto.com highlights the importance of regional growth and diversity and marks the first time an Emirati and Gulf Cooperation Council (GCC) national assumed this role within the broader cryptocurrency industry. https://t.co/vCNztATkNg is proud to announce Mohammed Al-Hakim as President of its UAE operations, underscoring the company’s commitment to regional growth and talent. Al Hakim brings extensive expertise in business development, strategic partnerships, and financial innovation.… pic.twitter.com/gKHSCLtvL9 — Crypto.com (@cryptocom) December…
As Bitcoin breaks a new record by exceeding $100,000 for the first time in history, it is wondered whether Donald Trump will stand behind his promise of a strategic BTC reserve for the United States. At this point, while Trump’s strategic Bitcoin reserve promise is supported by many, former New York FED President Bill Dudley said that if the US included Bitcoin in its national reserves, it could harm the interests of the public and change the dollar’s status as the global reserve currency. According to Bloomberg, the former NY Fed chairman argued that the Bitcoin reserve would not benefit…
OpenSea is in the spotlight after registering the OpenSea Foundation in the Cayman Islands on August 20, 2024. This move has fueled discussion in the NFT and crypto communities, as many think the platform may be preparing for a token launch or airdrop. This development comes as OpenSea faces stiff competition from rivals like Blur and MagicEden, which already have their own tokens. Rumors of Token and Airdrop The registration of the OpenSea Foundation in the Cayman Islands has some concerned. Industry figures, including Mike Dudas, founder of 6th Man Ventures, suggest this may be part of a move to…