Author: NBTC

Coinbase has introduced Bitcoin-backed loans, allowing users to borrow USDC stablecoin without selling their Bitcoin holdings. The service, powered by the open-source lending protocol Morpho and built on the Base blockchain, is available to US customers except for those in New York State. Coinbase Users to Borrow USDC with Bitcoin Collateral The US-based crypto exchange shared the news in a post on X (Twitter). Coinbase said that the loan facility may support more collateral assets in the future. “Bitcoin-backed loans are here. Borrow USDC against Bitcoin, without selling it. Rolling out to US users (ex. NY) starting now. More collateral…

David Lynch, the American filmmaker beloved for his dark, surreal, and decidedly original body of work, passed away this week at the age of 78. An avid experimenter and experimentalist, Lynch was always open to the new—even when it came to blockchain technology. In 2021, back when NFTs were new and strange to most people, Lynch worked with the indie rock band Interpol to create a series of eight audiovisual collectibles on the Ethereum blockchain. A decade prior, in 2011 Lynch had—at Interpol’s request—created a series of visuals for the band’s performance at Coachella. Those visuals became the five-minute animated…

A prominent crypto whale has got the attention of the community with a significant move of deposit. As per Lookonchain, the crypto whale has again deposited $67.6M in the Ethereum ($ETH) into Kraken following redeeming $350.5M from Coinbase and Kraken. This event has raised significant speculation among crypto enthusiasts. Nonetheless, the actual intent of the whale behind this move remains uncertain. Overall, the $ETH deposit by the whale indicates a noteworthy development to take place in the coming time. A giant whale deposited 20K $ETH($67.6M) into #Kraken again 45 minutes ago.This whale withdrew 217,513 $ETH($350.5M) from #Kraken and #Coinbase between…

EigenLayer (EIGEN) climbed as Bitcoin’s rebound toward the $95K mark triggered bullish actions in the altcoin market. Meanwhile, news of the recently launched governance system added to EIGEN’s momentum. 1/ 🏛️ Today, we share some of our big picture thinking about decentralized governance that will form the foundation of EigenGov, @eigenlayer‘s governance platform. EigenGov brings our ecosystem participants together to support our common vision of open innovation through a… 9:13 PM · Nov 26, 2024 The alt climbed from the daily low of $3.1562 to $3.70 – a 17.23% jump. Further, EIGEN eyes continued gains as bullish sentiments magnify. The…

Bitcoin is currently trading above the $97,000 levels and the price is up by more than four percent in the last 24 hours. The largest cryptocurrency has recently hit a significant bullish price target and is now breaking into new all-time highs. Bulls almost touched the $98,000 mark, before hitting a reverse after touching the $97,862 mark. Now that bullish momentum has been confirmed, the $100k price target is finally in sight. The cryptocurrency is now finally heading towards a major price target in the short term and this price target of $100k has been keeping investors on the edge…

Clearpool, a leading decentralized finance (DeFi) lending protocol, has partnered with PropChain, a real estate financing platform that bridges traditional finance with DeFi. This strategic alliance introduces real-world asset (RWA)-backed lending to the blockchain space, leveraging real estate as collateral for institutional-grade borrowing. PropChain will become a borrower on Clearpool’s protocol and launch a Credit Vault, using real estate assets to secure lending opportunities. This innovation represents a significant shift in DeFi, allowing borrowers to tap into property-backed liquidity in a fully decentralized and transparent manner. 🚨 DeFi Just Got Real (Estate)! 🚨Introducing Real Estate RWAfi, pioneered by Clearpool and…

In a remarkable development, Switzerland state-owned bank, PostFinance AG, has officially launched Ethereum staking. Notably, the bank has introduced staking as a key part of its cryptocurrency expansion, according to a latest Bloomberg report. Since the start of the new year, there has been a surge in pro-cryptocurrency moves, with major financial institutions getting involved. The latest to join this trend is a state-owned bank in Switzerland, adding to the growing list of institutions embracing changes in the industry ahead of 2025. Notably, Ethereum staking enables users to earn rewards by helping validate transactions on the blockchain. PostFinance, a state-owned…

The IOTA Rebased proposal introduces a transition from the UTXO model to an object-based architecture for improved programmability, resource management, and throughput exceeding 50,000 TPS It also incorporates a deflationary tokenomics model, nominal transaction fees, and validator incentives to enhance network resilience and scalability. IOTA Foundation has recently developed a revolutionary proposal to rebuild its blockchain framework, referred to as the IOTA Rebased protocol. This endeavor seeks to establish a completely decentralized Layer 1 (L1) network with the addition of advanced features. These new features include Move Virtual Machine (MoveVM), Ethereum Virtual Machine (EVM) support, and a revised tokenomics model.…

The Australian Securities and Investments Commission (ASIC) released guidance on 26 June 2024, outlining its expectations regarding business communications. This was detailed in Information Sheet 283 and an accompanying press release, indicating the regulator’s intention to enhance compliance standards. This signals significant changes in Australian compliance, with much new information and actions for its community to address. Below we’ll analyze the ASIC’s instructions and the global events that have led to this regulatory overhaul. One prominent trend in 2024 was an increased level of transparency from regulators on exactly what they expected from financial organizations. This clarity was welcome in…

Bitcoin’s market capitalization hit an all-time high of $1.93 trillion on Thursday, Nov. 21, when the asset reached a record high of $97,850. This means that its market cap is now larger than the world’s sixth-largest company, Saudi Aramco, and just $230 billion behind e-commerce giant Amazon. The firm, also known as the Saudi Arabian Oil Group, is a majority state-owned petroleum and natural gas company and the national oil company of Saudi Arabia. Bitcoin price nearing $100K, market cap approaching $2 trillion. If Bitcoin was a company, it would be 6th biggest globally just behind Amazon and just ahead…