Author: NBTC
Injective has announced integrating Kava to boost access to stable assets like USDt. The development comes against the backdrop of Injective securing an association with the Tether Foundation. The integration entails two aspects: Direct IBC bridging of USDt into the ecosystem of Injective, with Kava being the primary source. The Kava community incentivizes the utility of the said stable asset on Injective with Kava token rewards. Injective gains immense strength to fortify its position in the industry as the leading L1 chain when it comes to interoperability. DeFi, at a macro level, is looking at this integration as a significant…
MicroStrategy began amassing Bitcoin in large quantities as a hedge against inflation in 2020. Nonetheless, this strategy appears to have failed at present. MicroStrategy decreased the token’s value and incurred a loss during the third quarter of this year. MicroStrategy is a publicly traded software maker with the largest holding in Bitcoin. Writing down the value of the token has brought a loss of $143.4 million in comparison to $27 million for the previous year. The per-share price has moved up from $2.39 to $10.09, but that does not necessarily paint a brighter picture with the losses coming up. Michael…
The latest tidal wave of interest and funding within the crypto sphere has unveiled many opportunities, demanding situations, and dynamic shifts in market leadership. At the forefront of this evolution stands Ethereum, signaling its intrinsic technological prowess and newfound regulatory popularity. While Bitcoin has long been considered the stalwart of cryptocurrencies, Ethereum’s position has been reinforced appreciably through its favorable technical measures, including the Relative Strength Index (RSI) and Money Flow Index (MFI). However, the real paradigm shifter that has set Ethereum apart is the green light it received from the U.S. Securities and Exchange Commission (SEC) following the meteoric…
As is apparent from its recently disclosed summarized performance report, which illuminates factors that have contributed to the expansion of its native ecosystem, Injective was on an expansion rampage. For instance, Helix introduced trading bits and futures while it joined hands with Google Cloud to host the Illuminated Hackathon. Furthermore, these sentiments extend to various other sectors, such as DeFi and NFT Fi, among others. Injective ecosystem expansion has been primarily concentrated on decentralized applications and blockchain statistics. The partnership between Injective and Google Cloud saw the former venture host Illuminate Hackathon. It was hosted in collaboration with DoraHacks, inviting…
On Wednesday, the Bitcoin price rallied toward $38,000 amid expectations of the United States Securities and Exchange Commission (SEC) finally approving the first Spot BTC ETF. The regulator would end up exercising its right to delay its decision further, something that has usually been bearish for the price. However, the Bitcoin price continued to show strength, suggesting that a Spot Bitcoin ETF approval might be priced into the market already. SEC Delays Spot BTC ETFs The SEC announced on Wednesday that it had decided to further delay its decision on Spot Bitcoin ETF filings; in particular, the Hashdex Spot Bitcoin…
Global financial conditions have been surrounded by uncertainty for a while now. Given the ongoing economic condition, traders tend to stay away from volatile assets like cryptocurrencies. However, the stability of Bitcoin (BTC) flipped the scenario on its head. Throughout 2023, Bitcoin and Ethereum showcased unmatched price stability, even outperforming gold and tech stocks. Even with global inflation on the rise, BTC and several other cryptocurrencies are gaining value. In fact, BTC has gained 108% since the start of 2023. But does that mean Bitcoin’s performance is beyond global market conditions? Let’s take a closer look. Cryptocurrencies can be divided…
Investors have questioned the future of digital assets recently due to turbulent changes in the cryptocurrency market. But as institutional interest grows and mainstream adoption continues, we could be on the edge of another price blast. All eyes are on Bitcoin Spark (BTCS) and Ethereum (ETH) as we wait for a possible cryptocurrency boom. These two cryptocurrencies have become leaders in their respective categories and are ready to grow even more in the coming months. Ethereum’s Significance and DeFi The significance of Ethereum and its impact on the world of blockchain and cryptocurrency cannot be overstated. With its groundbreaking features,…
Shibarium, the much-anticipated blockchain by Shiba Inu, has been a hit since its launch. The network secured 3 million+ transactions within the first three weeks of its release. Moreover, Shibarium managed to deploy 10,000+ smart contracts with an average of 41,500 daily unique transactions. Now, the network has revealed its plans for the future with ShibPaper. The document sheds light on how Shibarium is establishing the foundation for the new digital global state. Shibarium is set to revolutionize crypto communities in the coming years. Here is an overview of the objectives set by the network: Community Empowerment At Shibarium, every…
Glassnode recently revealed data regarding Bitcoin and Ethereum. It solidified what investors have already witnessed for the past several months. Both Bitcoin and Ethereum have expanded their dominance across the financial market. The cryptocurrencies have secured massive appreciation against gold and the US dollar. In 2023 alone, Bitcoin has appreciated +93% relative to Gold. The number is securely placed at 39% for ETH. However, ETH has witnessed minor depreciation against BTC in the past 470 days. The ongoing weakness in the ETH/BTC ratio is quite similar to that recorded from May to July 2022. The price ratio has again reached…
In the realm of crypto investments, 3iQ Corp.’s creation of the first Ethereum staking ETF has generated considerable interest. Two prominent entities in the cryptocurrency industry, Coinbase Prime and Coinbase Cloud, provide support for the innovative 3iQ Ether Staking EFT (TSX: ETHQ, ETHQ.U). Using the consensus mechanism of Ethereum, this ETF offers investors the chance to invest in ETH while also benefiting from wagering. ETFs are crucial tools for investors to gain access to cryptocurrency through controlled initial placement. Thus, the 3iQ ether staking ETF simplifies ETH investment through traditional financial accounts such as IRAs. It streamlines crypto asset investments…