Author: NBTC
A savvy Bitcoin investor known as a “smart whale” has again entered the Bitcoin market with a substantial buying of 6,070 Bitcoins worth $395 million during a recent market dip. This marks the Whale’s first acquisition in over 18 months and follows a history of strategic buys and profitable sales of more than $1 Billion. Many in the crypto space believe that this could be the last chance to opt for Bitcoin at a discounted rate before it begins its bull run. Smart Buying Leads To $1B In Profit A savvy Bitcoin whale, whose activities are continuously tracked by blockchain…
Cubist is expanding its support for Babylon, a DeFi protocol enabling the staking of native bitcoin. The new release of CubeSigner, a leading key management solution, introduces policy-protected staking operations and anti-slashing mechanisms specifically designed for Babylon. This offering is expected to bolster the workflows of those building on top of Babylon, and help developers create new DeFi applications that are safer for end-users. Babylon is set to be first-to-market with a trust-minimized bitcoin staking solution, allowing developers to build liquid staking protocols, restaking protocols and other layered solutions that enable users to earn yield from natively staked BTC. Unlike…
Indonesia’s central bank plans to launch the second phase of its central bank digital currency (CBDC) trial this year, building on the success of the first phase from the first half of the year. The first phase focused on a wholesale CBDC (wCBDC) deployed on distributed ledger technology. The Bank of Indonesia (BI) partnered with local commercial banks and fintech firms, with the focus being mainly on the simple issuance, exchange and redemption of the digital rupiah. The second phase will center on integrating the digital securities ledger. In its payment system blueprint for the next five years, the central…
Bitcoin miners will need to capitulate before BTC can take off on a new rally, according to the popular on-chain analyst Willy Woo. Woo tells his 1.1 million followers on the social media platform X to look for compressions in Bitcoin hash ribbons when thinking about when to buy and hold. “I know it sucks, but BTC is not going to break all-time highs until more pain and boredom plays out. On the bright side, miners are capitulating and when that is through, it nearly always ends in a huge rally.” Source: Willy Woo/X Bitcoin hash ribbons attempt to identify…
Decentralized exchange aggregator OpenOcean has expanded its services to Rootstock, a decentralized finance protocol built on Bitcoin. Why is this important? The integration introduces the first DEX aggregator to Rootstock, a smart contracts network on Bitcoin (BTC) that offers compatibility with Ethereum (ETH). OpenOcean and Rootstock announced the integration in a press release on Aug. 13. Rootstock’s EVM-compatible platform allows OpenOcean users to tap into Ethereum’s crypto economic potential while benefiting from Bitcoin’s security. “This expansion not only aligns with our mission to provide comprehensive, efficient, and user-friendly trading solutions across all of our supported blockchains but also empowers our…
DMarket led the non-fungible tokens (NFT) sales on Monday with US$697,138, according to CryptoSlam data. The Mythos-based NFT collection represents in-game virtual items for popular games like Counter-Strike and Dota 2. It recorded over 26,780 transactions across 3,728 unique buyers and 3,044 sellers. This boosted DMarket’s all-time sales volume to US$485.26 million. The second-ranking collection for the day was Guild of Guardians Heroes, with sales reaching US$575,959. Immutable-based gaming NFT collection saw 1,633 transactions involving 705 unique buyers and 687 sellers. Coming in third, the DogeZuki Collection on the Solana blockchain generated US$408,262 in sales. The collection had 9,385 unique…
Web3 projects raised $1.9 billion during Q1, with funding flowing into the coffers of over 300 ventures, among them DeFi and GameFi apps, launchpads, infrastructure projects and RWA protocols. While deep-pocketed VCs like A16z, Pantera Capital and Galaxy Ventures are responsible for the lion’s share of investments, successful projects are themselves writing checks to fuel innovation in various areas. Web3 Players Invest in Innovation Whether it’s in the form of grant programs, hackathons or traditional equity-based deals, Web3 protocols are taking a proactive approach by allocating a percentage of their resources to bootstrapping promising concepts and talented founders. Take crypto…
Layer-2 network Starknet will open staking on its ecosystem by the end of 2024, the developer firm StarkWare shared on Wednesday. The news was announced at the Ethereum Community Conference in Brussels, Belgium, by the company’s CEO Eli Ben-Sasson. Ben-Sasson submitted a Starknet Improvement Proposal to the community which suggests that users can choose whether they would like to become a staker, with rewards for participation to be proportional to the amount of STRK tokens staked. Stakers will have to lock their tokens for a 21-day period before being allowed to withdraw their funds, according to a press release shared…
UAE, Freezone DMCC announced its H1 performance results for 2024, adding 1,023 new members speared by growth in the tech sector, specifically crypto, AI, and gaming. DMCC registered companies now total 25,000 companies. Tech companies spur growth in UAE Freezone DMCC As per the press release, the overall growth of DMCC’s business district was spearheaded by strong results in a number of sectors. DMMC mentions in particular technology, where DMCC registered 226 new companies, including 14 gaming and 9 AI companies. In addition, the DMCC Crypto Center onboarded 64 new companies, including seven Virtual Asset Service Providers (VASP), reflecting an…
Circle stablecoin EURC joins USDC, the largest stablecoin on Base, which boasts over $3 billion in circulation as of July 9. The Euro is currently the third largest fiat currency in the world, providing significant growth opportunities in the digital space. Both EURC and USDC are compliant with the new Markets in Crypto Assets (MiCA) regulation, making them the first stablecoins on Base from a global issuer to meet these stringent standards. Jeremy ALLAIRE, Circle’s co-founder and CEO, discussed the future of stablecoins in a recent interview, highlighting the increased competition expected as the EU’s regulatory framework tightens. He emphasized…