Author: NBTC
The decentralized finance (DeFi) landscape has been consistently growing since late 2023, after a fall that started in May 2022. In particular, the total value locked (TVL) in DeFi surged nearly 100% in the past four months. On February 17, TVL reached a 2-year high of $71.914 billion. This is close to a double-up from the local bottom at $36.122 billion on October 12, 2023. Part of this growth directly results from a price pump in USD of each locked cryptocurrency inside the protocols. However, another relevant aspect was an increased adoption and organic amount of the funds locked, measured…
Japan is paving the way for web3 and crypto initiatives amid an overhaul in its investment laws. This goal is to turbocharge the nation’s tech sector, specifically targeting venture capital (VC) investments in crypto and web3 startups. At the core of this development lies the February 2024 revision of the “Industrial Competitiveness Enhancement Act.” Japan Moves to Embrace Web3 and Crypto Startups This amendment, now under deliberation, aims to bolster strategic domestic investments. This includes expansive and long-term tax measures for investments and production in strategic sectors such as electric vehicles, steel, and semiconductors. A pivotal aspect of this legislative…
Bitcoin starts the week with a smile, printing a +1.44% in the last 24 hours and positioning itself above $52,400: however, price forecasts indicate the possibility of a strong retracement before the April halving. Historically, in fact, Bitcoin has always experienced a decrease in its value before each halving event for miners’ rewards, only to promptly recover in the following months. Will history repeat itself this time, with a completely different scenario from previous years? Bitcoin Forecast: potential price correction before the halving The overall outlook of Bitcoin and the crypto market Bitcoin Forecast: potential price correction before the halving…
The Ferrari persists in the era of crypto by now accepting Dogecoin as a payment method in the United States, redefining the standards in luxury automotive with a bold and innovative move. Let’s see below all the details. Ferrari welcomes Dogecoin cryptocurrency Environmental commitment and concerns about volatility Considerations regarding Ferrari’s decisions on crypto and Dogecoin Brief focus on the price of the Dogecoin crypto Ferrari welcomes Dogecoin cryptocurrency As anticipated, the prestigious car manufacturer Ferrari has recently integrated the crypto Dogecoin as a payment method for their exclusive sports cars in the United States. In 2023, Ferrari introduced the…
Sotheby’s, the 279-year-old British auction house, is expected to close the sale of an EtherRock (EthRock) non-fungible token (NFT) on Wednesday, in a sealed bid auction. The decentralized prediction market website Polymarket reflects that there is a 57% chance that the EtherRock NFT will sell for over $600,000 at the Sotheby’s auction. On February, 12, EtherRock number 46 sold for $496,658. For those unfamiliar with the term ‘sealed-bid auction’ this is a type of auction in which bids are not viewed until the actual auction date and this instance Wednesday. The bids are sealed physically in an envelope, and will…
In an unprecedented move, an Ethereum (ETH) whale has made a colossal acquisition of ETH, totaling approximately $155.7 million. This significant activity comes as the price of Ethereum nears the $3,000 mark, a bullish signal for investors and enthusiasts alike. According to a recent tweet by Spot On Chain, a notable cryptocurrency analysis firm, the anonymous whale has executed a series of strategic purchases within the last 24 hours. Acquiring a staggering 54,721 ETH, these transactions were meticulously carried out through a combination of withdrawals from Binance, one of the world’s leading cryptocurrency exchanges, and swaps on 1inch, a renowned…
In an exciting development, BitSmiley announces a strategic partnership with Merlin Chain. It is a native Bitcoin Layer 2 solution with Bitmap Tech power. This collaboration marks a significant step forward for both platforms. Moreover, this alliance promises a host of benefits for users seeking enhanced access to DeFi services within the ecosystem. Dear bitSmilers, We’re thrilled to announce our strategic partnership with @MerlinLayer2 , a much-anticipated Bitcoin L2 solution! As you have all been waiting for some exciting updates, here is what’s coming up: @bitsmiley_labs has teamed up with Merlin Chain as a BTC DeFi… pic.twitter.com/hx2ogqP5QI — bitSmiley (@bitsmiley_labs)…
The use of cryptocurrencies in Latin America has increased dramatically in recent years, with more people starting to use them. Cryptos enable secure, fast and decentralized transactions between users without the need for intermediaries. Thus, this is the reason why Latin America has become a region with the highest adoption and use of cryptocurrencies in the world. According to a study by Statista, 18% of people in Brazil and Colombia own or use cryptocurrencies, followed by 16% in Argentina, 12% in Mexico and 11% in Chile. These figures exceed the global average of 9%. Javier Castro Acuña, Head of Cryptography…
Today witnessed notable activity within the cryptocurrency market, particularly concerning Bitcoin. A substantial sum, approximately $962.15 million, was withdrawn from the leading U.S. crypto exchange, Coinbase, in what can be deemed significant movements within the digital currency realm. Data provided by Whale Alert reveals that a total of 18,484.69 BTC was withdrawn from Coinbase in two consecutive transfers. The first transfer saw 9,322 BTC, valued at $485.248 million, move to the address “1AyhP.” Following this, a second transfer of 9,162 BTC, worth $476.9 million, was initiated to the address “19hJg.” Notably, both addresses are newly established and lack prior transaction…
VeChain is celebrating the success of Shanghai Tanlian Technology Co., Ltd., the company behind VeCarbon, for its work in promoting the goal of carbon neutrality. Amazon Cloud Technology is also working with the company to build and promote tools for carbon neutrality. Shanghai Tanlian has recently celebrated receiving a letter from the Shanghai Environment and Energy Exchange (referred to as the Shanghai Environmental Energy Exchange). In the letter, the company highlighted the success achieved between the two firms in their efforts to achieve carbon neutrality. The recent letter thanked the company for promoting China’s goal of carbon neutrality. With this…