Author: NBTC

The XRP Ledger (XRPL) has been witnessing positive momentum in recent times, with four pivotal developments surrounding multiple projects recorded this week. Jack, a prominent XRP community figure, unveiled a list of these developments in a recent post on X. While none of them directly involves XRP, the network’s native token, the incidents underscore the attention the XRPL is garnering in recent times and contribute to its adoption. – XPUNKS going to the moon– XSPECTAR land selling out– TextRP chat app launched– CSC going multichain What a great week for the XRPL! 🤟 — Jack (@QuadJacksXRP) February 15, 2024 XPUNKs…

In just over a month since their approval by the US Securities and Exchange Commission (SEC), Bitcoin ETFs have swiftly gained traction in the market, posing a formidable challenge to the long-standing dominance of gold ETFs. Bitcoin ETFs Gain Ground on Gold ETFs The rapid rise of Bitcoin ETFs has led to a convergence in asset values, with BTC ETFs closing the gap with gold ETFs. Bitcoin ETFs hold approximately $37 billion in assets after only 25 trading days, while gold ETFs have accumulated $93 billion in over 20 years of trading. In this regard, Bloomberg’s Senior Commodity Strategist, Mike…

While offering revolutionary financial services, the decentralized finance (DeFi) sector has been plagued by a series of risks and exploits. According to IntoTheBlock, the DeFi ecosystem lost a staggering $58.78 billion from 2020 to 2023 due to exploits. This alarming figure underscores the critical need for effective risk management strategies within the DeFi ecosystem. Risk Management Challenges in DeFi Protocols DeFi risks predominantly fall into two categories: technical and economic. Technical risks involve potential vulnerabilities in protocol code that malicious actors can exploit. These were evidenced by incidents like The DAO hack and the Ronin Network bridge exploit. Economic risks…

A huge shift is coming for Magic Eden, the prominent cross-chain NFT marketplace. On Monday, the startup announced that it will open-source its minting and trading protocols in collaboration with a new Non-Fungible DAO—which itself is planning to launch a crypto token called “NFT” to reward NFT traders. On Tuesday, Magic Eden revealed more of how it plans to amplify its existing Diamonds rewards program across blockchains, while also discussing with Decrypt the ways in which users may benefit from the NFT token launch. Magic Eden General Manager Tiffany Huang told Decrypt that the Non-Fungible DAO will award the NFT…

Prices in the crypto market are rising again and investors are beaming. This comes after a chaotic time when Bitcoin price fell from $49,000 to below $39,000. Ethereum price, the second-biggest crypto, also suffered a big drop from over $2,700 to $2,200. But now ETH is recovering, as it challenges the resistance at $2,500 with the help of an upward trend. Spot ETH ETF To Bring Additional Liquidity The launch of the first spot exchange-traded funds (ETFs) in the US sparked a lot of excitement with speculators turning their compass to Ethereum. Although prices fell immediately after the approval, the…

Crypto stocks such as COIN, MSTR and mining firms CLSK, RIOT and MARA all ticked upward in pre-market trading on Friday. Bitcoin surpassed $46,000 for the first time in nearly a month during the Asian morning. Mining firm CleanSpark led the way, up nearly 20%, also thanks to positive results for Q3 2023 announced Thursday. Cryptocurrency-related publicly traded companies showed healthy gains in pre-market trading on Friday as bitcoin {{BTC}} extended its rally, topping $46,000 for the first time in nearly a month and boosting its advance for the week to almost 10%. Bitcoin has added just over 4% in…

Amid the bullish market frenzy, the Bitget token (BGB) has emerged as a prime beneficiary by registering unprecedented gains over the past day. According to data from market tracking resources, BGB has grown from a low of $0.6408 last week to as high as $0.8988. This trajectory translated to a 40% surge over the past seven days. Besides, the Bitget token has seen a notable 14% growth within the last 24 hours alone. This praiseworthy trajectory has culminated in BGB cracking an all-time high within the past day, a rare feat in the market considering the bull run is still…

Several crypto stakeholders have advised Apple, the iPhone maker, to invest in Bitcoin. In a Feb. 16 post on the social media platform X (formerly Twitter), Shapeshift CEO and founder Erik Voorhees urged the technology company to quietly “buy several billion of BTC” and make the top crypto a payment method in its Apple Pay product. He said this move would help the company “make a billion dollars instantly” and further drive the top crypto adoption. Chen Fang, the chief operating officer of BitGo, suggested that integrating BTC into Apple Pay and Apple’s new Vision Pro headset would allow the…

The Aave community is set to vote on a proposal for launching the Aave V3 on the BNB Chain. This move marks a pivotal moment in Aave’s expansion strategy, potentially broadening its footprint in the decentralized finance (DeFi) ecosystem. Aave V3 Could Launch on BNB Chain The voting, a critical step in the governance of Aave, commences on January 19, 2024. Stakeholders have until January 22, 2024, to cast their votes, with the process concluding a day later, on January 23. This proposal, spearheaded by BGD Labs, outlines the activation of the Aave V3 BNB pool (3.0.2). It also lists…

A recent security breach involving Ledger Connect has sent shockwaves through the NFT community, leaving many enthusiasts reeling from substantial losses and raising serious concerns about the safety of their digital assets. Muro, a Bitcoin analyst, who lost a staggering $50,000 worth of funds alongside valuable NFTs, is a stark reminder of the need for heightened security awareness in the world of non-fungible tokens. WARNING 🚫Just got this email and clicked without thinking for a momentThey got me in a moment of distraction. I realized right after connecting my wallet but it was too lateFunds worth 50K stolen immediately, SAVM…