Author: NBTC

Crypto payments provider Alchemy Pay has announced plans to launch its own layer-1 blockchain, which the company says will target large-scale business applications. Alchemy Pay (ACH) notes that the layer-1 blockchain will be dubbed Alchemy Chain and built on the Solana (SOL) Virtual Machine architecture. Per an announcement on Dec. 11, the new L1 will offer a payment system allowing users to transact with fiat and crypto. The platform will also offer a user-friendly ecosystem bridging on-chain and off-chain processes, chain abstraction, a stablecoin revenue mechanism, and yield generation. Additionally, the blockchain network will integrate a layer-2 solution, as outlined…

Bitcoin reached $93K post-election, with VanEck projecting a $180K target driven by institutional inflows and pro-crypto policies. The cryptocurrency market cap surpassed $3 trillion, with Bitcoin leading gains supported by strong weekly and monthly inflows. Favorable US regulations and government backing are fueling Bitcoin’s growth, positioning it for multiple all-time highs this cycle. Bitcoin has surged to new highs following renewed interest from institutional investors and a bullish market outlook. Investment management firm VanEck recently projected a $180,000 price target for Bitcoin in the ongoing bullish cycle. This comes after the cryptocurrency touched $93,000 post-election, signaling robust momentum in the…

Uniswap, a leading decentralized exchange (DEX), has significantly contributed to the growth and adoption of Layer 2 (L2) blockchain solutions. A recent analysis of all-time protocol volumes highlights the exponential growth in transaction volumes facilitated by Uniswap across major L2 networks like Arbitrum, Polygon, Optimism, Base, and others. The data underscores the role of L2s in scaling Ethereum-based operations and lowering transaction costs, which has driven a substantial increase in user activity and liquidity. Introducing @unichain — a new L2 designed for DeFi ✨Fast blocks (250ms), cross-chain interoperability, and a decentralized validator networkBuilt to be the home for liquidity across…

LUNC shows signs of recovery after its 2022 crash, driven by protocol upgrades and community initiatives. Chainlink’s oracle network is viewed as an essential infrastructure for blockchain interoperability. Avalanche and Polkadot offer unique solutions in speed, scalability, and multi-chain connectivity. Cryptocurrencies have remained relevant, and there always seem to be chances for investors to make more profits. Concerning the possibility of generating real alpha within the next few months, some experts have recently defined five digital assets. The cryptocurrencies to be discussed in this report and their current positions on the market are discussed below. Terra Luna Classic( LUNC): A…

Industry-backed crypto advocacy groups have launched targeted campaigns against the renomination of Caroline Crenshow in SEC. The campaigns are led from two ends, with CEDAR Innovation Foundation leading an online onslaught in social media, while Blockchain Association and DeFi Education Fund are writing to the U.S. Senate Committee on Banking, Housing, and Urban Affairs. Through X, Crenshaw is accused of being anti-crypto more than the outgoing chair of the commission, Gary Gensler. The advocacy group launched a new five-figure digital ad campaign that will be shared across all social media platforms in Washington, DC. The ad addresses lawmakers, urging them…

Dubai — A new derivatives report from Bybit, in collaboration with Block Scholes, sheds light on shifting trends in cryptocurrency markets. Despite a dip in Ethereum (ETH) perpetual positions, Ethereum continues to lead Bitcoin (BTC) in options open interest, with analysts attributing the fluctuation to recent price pullbacks.—Following Bitcoin’s retreat from the $100K level and Ethereum’s dip below $4K, ETH’s open interest in derivatives markets has seen a decline. While investor sentiment remains upbeat, this has been tempered by less aggressive positioning, as evidenced by a drop in funding rates.The report, which benchmarks data against pre-U.S. election levels, also takes…

Quicknode, a major web3 development platform, has disclosed that it now supports the Sui Network, a layer 1 blockchain network. The integration makes the Sui Network now available to the international community of developers on the Quicknode platform. Integrating the Sui Network to QuickNode now enables developers on the Sui Network to develop their businesses with ease. Developers can also swiftly move to Web3 to access reliable blockchain solutions and get exposed to mass adoption. QuickNode now supports Sui, a layer-1 blockchain designed to scale for the next billion users in web3.Here’s why @SuiNetwork stands out from the crowd and…

Vancouver City Council has greenlit a proposal to explore the incorporation of Bitcoin into municipal financial operations, including the possibility of holding Bitcoin as a reserve asset and accepting it for payments. The motion, submitted by Mayor Ken Sim, passed during a council meeting on Wednesday with the support of six councilors, effectively directing city staff to explore the feasibility of making Vancouver a “Bitcoin-friendly city.” Mayor Sim, who owns shares in Coinbase Global Inc., believes that adopting Bitcoin as part of the city’s financial strategy will help safeguard its purchasing power against inflation. He has pledged to donate $10,000…

The perpetual trading tokens market now gives you several choices with impressive fully diluted valuations (FDVs), which shows a rising influence within DeFi tokens. For those who need a quick grasp, perpetual contracts essentially let traders hold positions with no time limit and these are what drive many crypto projects. These tokens now draw more interest for their liquidity, fresh ideas, and unique methods. Top 10 Perpetual Tokens by Fully Diluted ValuationHyperliquid $HYPE – $14.3BJupiter $JUP – $11.1BdYdX $DYDX – $1.97BApeX Protocol $APEX – $1.83BDrift Protocol $DRIFT – $1.26BAPX Finance $APX – $1.17BWOO $WOO – $845MSynFutures $F – $716MGMX $GMX…

Stacks ($STX) is now available on Nexo, a leading digital assets platform. Stacks introduces smart contracts and decentralized apps (dApps) directly on the Bitcoin network. This was announced via Nexo’s official X account. It is built for its capability to scale with the ecosystem and meet the implementation of added functionalities within it. Stacks can be used to support applications such as decentralized finance, non-fungible tokens and many others. .@Stacks’ $STX is now available on Nexo! Let’s delve deeper. ⬇️Stacks introduces smart contracts and dApps directly to the #Bitcoin network. Stacks’ architecture is tailored for scalability and complex functionalities within…