Author: NBTC

U.S.-listed spot bitcoin ETFs attracted record inflows last week, but the trend is slowing. BTC may drop to as low as $59,000 if ETF inflows fell short of expectations, 10x Research said. Spot bitcoin (BTC) exchange-traded funds (ETF) in the U.S. notched record inflows last week, but weaker demand in the next day or so could trigger the next leg down for bitcoin’s price, according to crypto analytics firm 10X Research. The 10 ETFs combined pulled in $2.6 billion in fresh funds in the five days ended March 15, per data from Farside Investors, but most of the net inflows…

Over 540,000 tokens were created as of early April, averaging 5,300 new tokens daily in 2024, according to a CoinGecko report. This rapid pace has already surpassed half of the 830,000 new tokens from the previous year, indicating a potential record-setting year for token launches. The proliferation of crypto, now exceeding 2.5 million, represents a 5.7-fold increase from the 440,000 at 2021’s close. The milestone of one million crypto was first reached in September 2022, ending the year at 1.15 million and registering a 159% year-on-year growth. The trend continued with a 72.3% increase to 1.98 million by the end…

Zodia Markets’ co-founder, Nick Philpott, praised Abu Dhabi’s crypto regulations, emphasizing the “remarkable” degree of interaction with regulatory authorities in the region. Philpott contrasted his experience in Abu Dhabi with the UK’s regulatory environment, noting the latter’s process is significantly slower with more complex requirements. “There were long delays in terms of entities getting their registrations with the Financial Conduct Authority under the anti-money laundering laws,” he told Cryptonews in an interview Thursday. Similarly, he noted that Ireland’s central bank had just as much of a cautious approach. While the number of approved entities may have reached the low double…

The conversations around Ethereum (ETH) and its data storage for optimal functionality have made it to crypto X with Polygon co-founder Mihailo Bjelic and Vitalik Buterin debating the possibilities. The conversation started with Bjelic posting a question in which he sought to know if developers are sure it is right to switch Ethereum to Verkle trees, given that its zk-fication is quite likely. Wading into the conversation, Vitalik Buterin said, “ZK-ifying keccak merkle patricia trees with worst case 300 MB witness sizes is a non-starter.” Notably, the Merkle Patricia trees form the current or primary data structure that is being…

Binance, one of the world’s leading cryptocurrency exchanges, announced that the latest project added to Binance Launchpool is Omni Network (OMNI). Binance Launches Omni Network (OMNI) on Launchpool OMNI is a layer 1 blockchain that aims to seamlessly integrate Ethereum’s rollup ecosystem into a unified system. During the four-day farming period, users will have the opportunity to stake Binance Coin (BNB) and stablecoin FDUSD in separate pools to obtain OMNI tokens. Farming activity will start at 03:00 on April 13, 2024. After the farming phase, Binance will officially list OMNI tokens on April 17, 2024 at 15:00. Trading pairs for…

Bitcoin has been projected to reach an extraordinary $5 million in value given the current trajectory of upcoming halving events and other market sentiments. Renowned analyst PlanB recently took to X to unveil his striking price predictions for Bitcoin, based on his widely-followed Stock-to-Flow (S2F) model. According to PlanB’s projections, the upcoming halving cycles are poised to usher in unprecedented price surges for Bitcoin. In the 2020-2024 halving cycle, PlanB anticipates Bitcoin’s price to hover around $50,000. Looking ahead to the 2024-2028 halving cycle, he foresees Bitcoin soaring to an astonishing $500,000. Meanwhile, in the subsequent 2028-2032 halving cycle, PlanB…

Ripple X Dev recently announced on X that the long-awaited proposal for Native Lending Protocol on the XRP Ledger is finally up for review and feedback from the general public. Ripple’s Chief Technology Officer, Joel Katz, has also expressed enthusiasm for the proposal, highlighting its potential to revolutionize the XRPL’s utility. Expanding DeFi Capabilities The XRPL proposal introduced by developers Aanchal Malhotre and Vito Tumas aims to enhance the platform’s De-Fi capabilities and promises to expand financial inclusivity and transparency within the Ripple ecosystem. The proposed XRP Ledger Native Lending Protocol allows users to borrow and lend digital assets directly…

Australian prosecutors have dropped mining billionaire Andrew Forrest’s criminal case against Meta in which he was seeking reparations over a series of crypto scam advertisements that used his face. According to a spokesperson for the Commonwealth Director of Public Prosecutions (CDPP), there was insufficient evidence to continue Forrest’s prosecution against the tech giant. The CDPP, representing Forrest’s case, reportedly made a submission to the chief judge to discontinue the case after receiving the brief. In response to the case’s termination, Forrest said it was “a tragedy for innocent parents and grandparents who have lost their life savings.” Read more: Google…

Nexo, a leading regulated digital assets institution, has announced the listing of Pendle’s native token, PENDLE, on its platform. This strategic move comes as Pendle experiences a remarkable surge in Total Value Locked (TVL), which has increased by nearly 90% over the past month. PENDLE is an inflationary utility token specifically designed to enhance liquidity within the Pendle decentralized exchange. .@pendle_fi’s $PENDLE is available on Nexo! Let’s explore. ⬇️$PENDLE serves as an inflationary utility token aimed at enhancing liquidity in the @pendle_fi decentralized exchange, designed to extract yield from productive assets, enabling yield trading and hedging activities.… pic.twitter.com/v9OvG1bbFS — Nexo…

In a groundbreaking move today, Chainlink Functions, a revolutionary product developed by Chainlink, has officially launched on Base—a rapidly scalable layer-2 blockchain fostered by Coinbase and anchored by Ethereum. This integration heralds a new era for smart contract developers on Base, providing them with unparalleled access to trust-minimized computing infrastructure. With Chainlink Functions, developers can effortlessly interface their smart contracts with external APIs and execute customized co]mputations, all within the secure confines of Base’s ecosystem. Empowering Developers with Decentralized Compute Solutions Chainlink Functions introduces a serverless, developer-friendly platform tailored to the needs of the blockchain community. This innovative tool empowers…