Author: NBTC

The dream of decentralized finance (DeFi) on the Bitcoin blockchain has eluded developers for nearly as long as it the dominant blockchain has existed. But a crucial component of DeFi, smart contracts, are not native to the Bitcoin blockchain. A group of developers, however, is set to launch the OP_NET testnet on Wednesday, which they say will bring the programmable feature to Bitcoin. OP_NET takes advantage of the Tapscript component of the Bitcoin Taproot upgrade, which also made Ordinals and Runes possible. According to pseudonymous OP_NET co-founder Chad Master, the objective is to build a meta protocol system that is…

The total value locked (TVL) within The Open Network (TON) ecosystem has reached approximately $370 million, reflecting the growing adoption of decentralized finance (DeFi) on the TON blockchain. Based on data from DefiLlama, the leading protocols by TVL on TON showcase a blend of liquid staking, decentralized exchanges (DEX), real-world assets (RWA), and lending platforms. Here’s a breakdown of the top performers within the TON blockchain ecosystem. Top 7 TON Protocols by Total Value LockedThe total value of assets locked in The Open Network $TON is around $370M, according to @DefiLlama. Let’s compare the top protocols on @ton_blockchain by current…

Analysts are pointing to important technical levels that may determine Ethereum’s (ETH) short-term trajectory as it approaches a pivotal point. After a notable decline that put investor confidence to the test, ETH is currently trading at $2,247. That being said, the 200-week moving average and the annual open are currently significant technical indicators, indicating that ETH’s next move may be pivotal. $ETH 1WProbably the most important area for ETH here- 200W MA- Yearly OpenSome initial reclaims would be needed from BTC to see a face melting bounce from here imo but possible with cooler than expected CPI/PPI prints later this…

The EOS Network Foundation has announced a landmark development in terms of total value locked. The TVL of the EOS Network has reportedly reached an exclusive all-time high spot of 242.44M $EOS, denoting the increasing momentum and resilient activity in the platform’s ecosystem. The company took to its official social media account to announce this remarkable development. The EOS Total Value Locked (TVL) has recently reached an all-time high of 242.44 Million $EOS.⚡️ The #EOS Network engine is running at high speeds. pic.twitter.com/xahxhQsqaf — EOS Network Foundation (@EOSNetworkFDN) August 23, 2024 EOS Network’s New Landmark Achievement Results in Its TVL…

Bitcoin has led a global crypto market downturn in the past few days, with the asset down to as low as $49,751 on August 5. This significant plunge from Bitcoin has been attributed by many to the downturn in the Japanese markets. The Trigger in Japan Speaking on the crash, Nassim Nicholas Taleb, a risk analyst, author of “The Black Swan” and a well-known Bitcoin detractor, sheds light on the origins of the recent market disruptions that have rippled through to cryptocurrencies. On Monday, the Japanese stock market fell severely, dropping by more than 10%. The report said this plunge…

The immutable nature of the blockchain was put in stark relief on Wednesday when CryptoPunk #2386, which is valued around 600 ETH (about $1.5 million), was acquired for a fraction of that price at 10 ETH (or just over $23,000)—after being locked up and overlooked thanks to a now-defunct website. CryptoPunks are some of the most valuable Ethereum NFTs around, even years after the market boom. This particular Punk was especially prized, as out of the total collection of 10,000 profile pics, it was one of only 24 that depicted an ape—an animal beloved across the NFT space. One of…

Ethereum price slips into the $2.3K range, with a brief 1.52% spike. ETH hits a 4-month high in network growth with 126,210 new wallets. Altcoins have shown mixed signals this week, with Ethereum, the largest altcoin, grappling to hold its ground. Its price remains caught between crucial support and resistance levels, recently dropping below $2,400. Notably, over the past 24 hours, despite price fluctuations, ETH witnessed a moderate spike of 1.52%. At the press time, ETH traded at $2,351 with a market cap of $282 billion. Over the day, Ethereum recorded the lowest price at $2,274, and the highest at…

As the cryptocurrency market recovers after a period of volatility, certain digital assets are emerging as frontrunners, demonstrating both resilience and strong growth potential. While the broader market shows signs of recovery, specific altcoins are standing out due to their robust fundamentals, innovative developments, and increasing community interest. Among these, a few cryptocurrencies are positioned to make significant waves in the coming weeks. With crucial upgrades on the horizon, these digital assets are gearing up for a potential breakout. In this context, Finbold has identified two such assets that are likely to attract considerable capital inflows, propelling them closer to…

Bitcoin crashed to a daily low of $49,577 yesterday and could be on the brink of a death cross, a pattern that has historically spooked traders and stirred up a storm of pessimism. This ominous-sounding phenomenon in technical analysis occurs when the 50-day simple moving average (SMA) dips below the 200-day SMA, indicating that short-term momentum is lagging behind the long-term average. At its current price of $56,386, the 50-day SMA is at $62,488, while the 200-day SMA is at $61,664. A death cross is seen as a bearish signal among short-term traders, but—despite its name—does not necessarily mean impending…

Ethereum (ETH) slightly recovered in its price today, but whales seem to be putting selling pressure on it. We typically see long-term holders, or whales, being on the bullish side. However, it appears that the tides are turning for ETH, as there was an intense sell-off today. Crypto tracking service Whale Alert has revealed three different transactions, shedding light on these sales from whales. In the first transfer, a whale sent 39,999 ETH from their private wallet to crypto exchange Binance. This transaction is estimated to be worth around a whopping $93.5 million. In the second transfer, another whale transferred…