Author: NBTC

The Governor of Russia’s Central Bank says she is speaking to BRICS member states about using “digital currencies” to power international trade. Per RIA Novosti and 1Prime, the bank’s long-serving Governor Elvira Nabiullina said the Central Bank was “currently holding consultations with friendly countries, including BRICS members, on cross-border payments through digital currencies.” Nabiullina remarked that “when creating the digital ruble platform,” the Central Bank had “made explicit the possibility of [the token’s] integration with similar foreign platforms.” A key ally of President Vladimir Putin, Nabiullina has previously been bitterly opposed to all forms of crypto adoption. She has repeatedly…

Kenetic Capital, a proprietary trading and VC investment firm focused on digital assets, has deposited around $20 million worth of Render (RNDR) tokens on Binance, the world’s largest crypto exchange by trading volume. As per the data provided by Spot On Chain, Kenetic Capital, which is the largest institutional holding address for RNDR, deposited the last 4.1 million RNDR (approximately $20.4 million) into Binance on February 14. The VC firm transferred a total of 6.6 million RNDR (approximately $32.5 million) on December 24, 2023. According to Colin Wu, a prominent journalist in the digital asset community, the institutional firm has…

Bitcoin’s surge past the $50K mark has ignited enthusiasm among investors, with many eyeing even loftier targets soon. According to analyst Gert van Lagen, the asset’s trajectory, especially concerning historical patterns, indicates a move toward the $200K mark within the next 1-3 months. This follows a breakout above the 1.618 bear market extension at $62.3K. This pattern, observed over previous cycles, points to a consistent topping at the 2.272 extension within a similar timeframe. History: when $BTC broke the 1.618 bear market extension, it always topped at the 2.272 extension within 1-3 months.Extrapolation: when $BTC breaks the 1.618 at $62.3k,…

In the dynamic landscape of decentralized finance (DeFi), risk management is the bedrock upon which sustainable lending protocols are built. The challenge lies in finding the delicate balance between paternalistic management of risk (i.e. thresholds for borrowing are determined by DAO governors and risk managers) and allowing the invisible hand of the free market to determine risk tolerance. Michael Bentley is CEO of Euler Labs. As the space grows, it’s crucial that we properly understand the trade-offs inherent in different risk management models. Euler v1 serves as a thought-provoking illustration of the perpetual debate between immutable code and governed code.…

A complete set of 10 Autoglyphs was acquired for 5,000 ETH, approximately $14.6 million today, marking the highest NFT sale in the past two years and the fifth-largest purchase on-chain. The sale was conducted via Fountain.xyz, a brokerage for rare digital art. The collector wished to remain anonymous, but a representative said that the buyer comes from a background of collecting traditional analog art forms and views the Autoglyphs as no different from a standard art acquisition. Moments ago, a full set of ten Autoglyphs, minted originally by Larva Labs themselves, was sold to a Distinguished Private Collector for 5,000…

The Ethereum (ETH) price started 2024 with a sharp increase, reaching levels not seen since May 2022. However, ETH has fallen since January 12. The ETH price trades inside a minor horizontal support area that has been in place for over a month. Ethereum Loses Footing The weekly time frame technical analysis shows that the ETH price has increased alongside an ascending support trend line since July. More recently, the price bounced at the trend line in October 2023 (green icon), accelerating its rate of increase. The ensuing upward movement caused a breakout from a horizontal area in November. Except…

Dyskant explains that, at both Federal and State levels, crypto is still a theme circulated by uncertainty. “There is uncertainty in the classification of digital assets, exchanges, and custodians, including the competent authority to regulate the theme, SEC or CFTC [Commodity Futures Trading Commission]. (SEC vs. CFTC). Although some relevant bills are being considered in the country, including bipartisan ones, led by Congress members from both US parties, such bills have not been voted on,” explains Dyskant. Therefore, from a regulatory perspective, it is difficult to forecast how Circle’s IPO could influence USDC. Moreover, SEC’s investigations about PYUSD, PayPal’s stablecoin,…

Token unlocks could add to selling pressure if demand does not keep up. Data shows that some $95 million of SAND is set to be unlocked on Wednesday. Tokens of key gaming and NFT projects Sandbox and ApeCoin could see short-term selling pressure as planned unlocks release a cumulative $125 million worth of the tokens in the coming days. Token unlocks refer to the release of previously locked or restricted tokens into the market. These tokens become available for trading, buying, and selling after the end of their vesting period – and are typically vested for early investors, treasury, and…

CryptoQuant, a leading cryptocurrency analysis company, provided information about the recent rise in Bitcoin’s price. According to analysts, Bitcoin suddenly caused a mass liquidation of $ 27 million with its recent rally. Analysts said that for a subsequent short squeeze to be successful, it must be accompanied by upward volatility along with spot purchases. In the recent short squeeze cases on December 6, 2023 and January 9, 2024, large short positions worth over $30 million were liquidated. This pushed the price higher but failed to spark a strong uptrend and the price soon pulled back and corrected. CryptoQuant warns that…

Uniswap Labs has announced three additional new products designed to make swapping on the decentralized exchange more simple. These new releases include a Uniswap extension tool, a function for limit orders on its web app and a new data and insights web page. Uniswap is currently the largest decentralized exchange (DEX) by total value locked (TVL), according to DeFiLlama. Uniswap v3, for example, boasts a TVL of $3.044 billion. In an interview with Blockworks, Callil Capuozzo, the VP of design at Uniswap Labs, said that the extension tool has been in the works for a while and will help the…