Author: NBTC

In the fourth quarter of 2023, the cryptocurrency market experienced a notable resurgence, accompanied by the anticipation of a potential Bitcoin ETF approval. Among the standout performers during this period was Fantom (FTM), a Layer-1 protocol launched in 2018. According to a recent report by Messari, Fantom witnessed significant growth, with its circulating market cap soaring by 140% quarter-over-quarter, from $0.5 billion to $1.3 billion. This performance surpassed all cryptocurrencies’ overall market cap growth at 54% in Q4. Additionally, Fantom climbed up the market cap rankings, ascending five spots from 63 to 58 by the end of the quarter. FTM’s…

Bitcoin Ordinals project Taproot Wizards delayed the mint of its ‘Quantum Cats’ collection for a second time, after halting the process mid-sale on Monday amidst persistent technical issues. The sale is now set to resume Feb. 1. Initially the project had said it would resume the process on Tuesday. The planned sale of around 3,000 digital cats, designed to honor a Bitcoin improvement proposal known as OP_CAT, kicked off with a two-hour window for “whitelist” buyers at 17:00 UTC Monday, but the project’s Discord channel soon filled up with complaints and screen grabs from users who said they were getting…

The new bitcoin spot exchange-traded funds mark the brink of an era that will see trillions pour into tokenization. The moment BlackRock filed its iShares Bitcoin Trust application with the US Securities and Exchange Commission, it was obvious it would get approved. The evidence was on page 36 of the 111-page filing, which references the “surveillance-sharing agreement” between NASDAQ and a US BTC Spot Market Platform (read: Coinbase). Add to that BlackRock’s 575-1 ETF application approval record, and the writing was on the wall. But the SEC was also explicit about its real concerns with crypto market manipulation. Manipulation related…

Amid a 35% market cap decline since early 2023, how could Circle’s IPO recalibrate its market position and affect the broader crypto ecosystem? In a move towards regaining the lost market share, Circle Internet Financial, the company behind USD Coin (USDC) — the world’s second-largest stablecoin by market cap — has decided to become a publicly traded company. On Jan. 11, 2024, Circle announced its confidential filing for an Initial Public Offering (IPO) in the U.S. The IPO’s timing and specifics, such as the number of shares to be offered and their price range, remain under wraps, pending review by…

In a bid to follow a more deflationary path, the Polkadot fellowship has voted in favor of a new proposal. Courtesy of the proposal, Polkadot will burn revenue for significant sales and in turn decrease the existing supply of DOT. The Polkadot network is on a journey to become even more deflationary, following the approval of a promising upgrade. The benefits of the newly approved proposal can strengthen Polkadot’s position as a leading Blockchain network. Additionally, the upgrade can trigger a global increase in the interest and adoption rates for Polkadot (DOT). Network validators have collectively voted to approve a…

Tom Lee, Managing Partner and Head of Research at Fundstrat Global Advisors, recently commented on the future trajectory of Bitcoin. He also mentioned when the flagship crypto token could hit this particular price level.  Bitcoin To Rise To $150,000 This Year Lee mentioned during an appearance on CNBC’s “Squawk Box” that Bitcoin could rise to as high as $150,000 this year. His belief that BTC could rise to this price level is due to the fact that demand is improving with the Spot Bitcoin ETFs. These funds are known to have achieved significant success since launching, something which has positively…

Yield Protocol, once a prominent player in the fixed-rate lending market, has issued a critical advisory to its users, signaling the end of an era. The protocol, known for its innovative approach to fixed-rate lending, has officially announced that it will cease operations. As the platform prepares to wind down its services, users are strongly advised to close their positions by January 31st, marking a significant moment in the protocol’s journey. Yield Protocol’s urgent call to action for users As the deadline approaches, Yield Protocol is making concerted efforts to ensure that its user base is well-informed and prepared for…

Indexes tracking the prices of non-fungible tokens (NFTs) have risen almost 10% this month, outpacing ether (ETH), the cryptocurrency many are denominated in, which has gained just over 2%. Nansen’s NFT-500 index, which tracks the 500 most valuable NFTs, has added 9.35% year-to-date, while the Blue Chip 10 is up a similar amount. Ether, according to CoinDesk Indicies data, advanced 2.2%. In an interview with CoinDesk at Taiwan Blockchain Week, Animoca Brands founder Yat Siu pointed to the newfound maturity and diversity of the NFT space as a reason why prices have recovered from their 2022-2023 crypto winter lows. “The…

According to a crypto sleuth, Token Unlocks, the Ethereum ecosystem is witnessing a significant event. About 30,000 ETH worth over $70 million is scheduled to be unlocked from staking in five hours. This event highlights the staggering growth of Ethereum’s staking mechanism, with just over 25% of the entire Ethereum supply, equivalent to approximately 30 million coins, now staked for network security. 🚨 #Ethereum Unlocks Alert 🚨In just 5 hours, a massive ~30,000 $ETH valued over $70 million will be unlocked from staking 🔓Don’t miss out any #ETH unlocks on 🔎https://t.co/SF9adXUyaEWho’s making this massive withdrawal 🤔 ?Share your guesses in…

Crypto firm Digital Currency Group (DCG) and Grayscale objected to bankrupt lender Genesis‘ move to divest its assets, including Grayscale’s Bitcoin Trust (GBTC), Grayscale Ethereum Trust (ETHE), and Grayscale Ethereum Classic Trust (ETCG), shares worth approximately $1.6 billion, according to recent court filings. Grayscale’s objection In its court filing, Grayscale stated that it could not be compelled to redeem any shares at the Debtors’ behest because it had not received prior notice about this development, nor was it an authorized participant empowered to redeem them. According to the firm: “GBTC Shares, ETHE Shares, and ETCG Shares (collectively, the “Trust Shares”)…