Author: NBTC

Although there has recently been a notable decline in the price of Bitcoin, there are indications that a significant upswing may be imminent. There are roughly $23 million worth of orders stacked up around the $56,000 mark, according to the liquidation heat map. This is an important price range because it is where a short squeeze could cause Bitcoin to surge in the event of liquidations. In a short squeeze, short sellers are forced to buy back their positions in order to prevent further losses when the price of an asset that has been heavily shorted begins to rise. A…

Robinhood CEO Vlad Tenev believes crypto can modernize traditional finance by addressing inefficiencies in the traditional financial infrastructure. Crypto can solve legacy inefficiencies in traditional finance by revolutionizing how financial services are offered and delivered, Robinhood chief executive Vlad Tenev told CNBC. In a Sept. 11 interview, Tenev said cryptocurrency has the potential to revolutionize traditional finance, positioning it as a long-term infrastructure upgrade for financial services. He emphasized that blockchain technology could address inefficiencies in collateralized lending, trading, market making, and settlement processes. Crypto offers an infrastructure upgrade and a shift in how financial services are offered and delivered.…

Shibburn data tracking platform, which monitors burn transactions in the Shiba Inu ecosystem, has published fresh figures that show that the SHIB community has resumed burning its meme coins. Burns have resumed after a pause that lasted several days, while the SHIB price began to break out. Massive SHIB burn surge detected According to the Shibburn tracker, over the last 24 hours, the SHIB community has burnt several tens of millions of meme coins – 28,648,321 SHIB in total. This allowed them to push the overall daily burn rate metric up by 1,253.14%. There have been 13 burn transactions so…

Meta Pool, a multi-chain liquid staking service is deploying a canister on the Internet Computer Protocol blockchain, with the goal of adding more utility for the ICP token to support Decentralized Finance platforms. Meta Pool’s Liquid Staking platform currently supports several Proof-of-Stake blockchains such as Aurora, Ethereum, NEAR, Solana and Q Blockchain. It has now incorporated a liquid staking token to its platform called staked ICP (stICP) — this token allows anyone to deposit their ICP tokens into the service and mint stICP which enable´s users to accrue the rewards from governance system from the Internet Computer Protocol blockchain, which…

Nassim Nicholas Taleb, a risk analyst, and author of books on uncertainty “Black Swan”, “Antifragile”, etc, has offered his explanation of how exactly the Japanese market collapse developed. The one which caused Bitcoin to crash during the past week. Taleb’s breakdown of Japan’s market crash Taleb commented on the recent collapse of Japanese stocks witnessed by the global financial community and the army of crypto investors since that crash made Bitcoin plunge. Recently, major Japanese Nikkei 225 stock index experienced a drastic plunge after the Japanese central bank conducted an interest rate hike. Taleb commented that the BOJ (Bank of…

Binance Labs, the venture capital and incubation arm of Binance, has invested in Blum. Gleb Kostarev, CEO and co-founder of Blum: “We are grateful to Binance Labs for their support, which will accelerate Blum’s trading infrastructure and development and help us to expand into new markets. This investment is a key milestone in our mission to enhance our platform within the Telegram ecosystem, offering users a seamless and intuitive experience across traditional and decentralized finance.” The project was launched on April 19th, 2024, and was initially featured in the prestigious Binance MVB Programme. Within 24 hours of this announcement, over…

Bybit has released its inaugural report on The Open Network (TON) ecosystem. This report provides an update on TON’s efforts to integrate nearly one billion Telegram users into Web3. The report outlines TON’s approach to ecosystem development, which includes a collaboration with Telegram. This partnership aims to boost adoption through a range of casual games offering crypto-based rewards. TON distinguishes itself with its connection to Telegram, a messaging app with nearly one billion global users. The integration of TON-based decentralized applications within Telegram has been successful, but there is potential for further growth. TON aims to onboard 30% of Telegram’s…

Web3 security platform GoPlus has partnered with Neo’s EVM-compatible sidechain, Neo X, to enhance node-level security. This makes Neo (NEO) X the first blockchain to integrate GoPlus’ Security Module, which delivers a basic layer of protection for users on the sidechain, according to a press release shared with crypto.news. The integration introduces an on-chain firewall through the GoPlus User Security Module (USM), which automatically screens transactions based on users’ customized security preferences. Essentially, this new system automatically checks transactions for risks and blocks dangerous ones, helping to keep users’ assets safe. By blocking risky transactions in real time, Neo X…

GameStop (NYSE: GME) found itself in hot water on September 11, with shares plummeting 15.09% to $19.95 at market open following a shaky Q2 earnings report. While the company managed to beat EPS expectations with a slim $0.01 per share (compared to estimates of a -$0.09 loss), it wasn’t enough to offset other troubling figures. Revenue plunged a staggering 31.9% year-over-year to $790 million, missing expectations by $106 million. Adding to the pain, adjusted EBITDA came in at a negative $18 million, a far cry from last year’s positive $1 million. GameStop is grappling with deeper structural issues, and its…

VeChain’s Charge2Earn initiative, in partnership with EVearn.org, allows Tesla drivers to earn $B3TR tokens and charging incentives by monitoring their vehicle’s energy consumption and distance traveled. VeChain is offering Tesla drivers the chance to win up to $15,000 in $B3TR tokens by sharing their experience with the Evearn.io app to encourage even more participation. As the world drives towards a more sustainable future, VeChain is at the forefront of this initiative but with an interesting twist. As per an earlier report, VeChain introduced an innovative initiative that combines ecological consciousness with cryptocurrency rewards. The new Charge2Earn initiative provides fresh insight…