Author: NBTC

Peter Thiel-backed Layer 2 Layer N is transforming into a Layer 1 blockchain N1, enabling developers to build futuristic applications easily. N, the Ethereum-based Layer 2 solution, announced its transformation into its own Layer 1 blockchain, N1, this week. The new type of Layer 1 blockchain promises a revolution in how applications are built, enabling developers to create new generation decentralized applications (DApps) with 100,000 tps and multi-language support. Its predecessor, the N blockchain, a Layer 2 solution backed by billionaire Peter Thiel’s Founders Fund, offered developers a high-performance blockchain with high scalability, fast speeds and low transaction fees –…

Michael Saylor, the chairman of MicroStrategy, has sparked interest on social media with a commentary concerning his company’s Bitcoin acquisition strategy. The exchange began with a tweet from Bitcoin advocate Samson Mow, who playfully imagined a future scenario in which Saylor travels back to 2010 to stash Bitcoins after delivering two pizzas to the famous Bitcoin pizza buyer, Laszlo Hanyecz. Mow’s tweet paints a picture set in 2039 when 99.52% of Bitcoin has already been mined. In this scenario, Saylor, in a desperate bid to acquire more Bitcoin, could go back in time to trade two pizzas for 10,000 BTC.…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. We’ve all gotten accustomed to hearing about crypto projects that cater to traditional finance and massive investment firms applying for crypto exchange-traded funds. But it’s easy to forget how hostile and combative the DeFi-TradFi relationship once was. You might also like: Bridging TradFi and DeFi: The opportunities of complaint stablecoins | Opinion Of course, these two different financial systems won’t ever see eye to eye entirely. But by understanding that they can’t eliminate the other, hostilities have…

In a significant development within the cryptocurrency ecosystem, Orion Protocol (ORN) has officially migrated to its new native token, Lumia (LUMIA). The announcement was made by Coinbase Assets on X, indicating a strategic shift aimed at enhancing the protocol’s functionality and user experience. This migration necessitates users to actively engage with Lumia’s official migration portal and utilize compatible self-hosted wallets, such as Coinbase Wallet, to complete the token swap. Introduction to Orion Protocol and Lumia What is Orion Protocol? Orion Protocol is a leading decentralized finance (DeFi) platform that aggregates liquidity from various exchanges, providing users with seamless access to…

President-elect Donald Trump has picked Paul Atkins to replace Gary Gensler as chair of the Securities and Exchange Commission (SEC). Once Gensler resigns effective January 20, many anticipate an abrupt change within the world’s most powerful and well-staffed securities regulator. What should the crypto community expect to see under Atkins’ leadership, assuming he accepts Trump’s nomination? For starters, the man has previous experience at the SEC — so he can skip orientation and get right to business. Atkins worked on SEC staff from 1990 to 1994. Years later, he earned a promotion to one of the SEC’s five Commissioner seats…

Archax, a digital securities exchange and custodian regulated by the Financial Conduct Authority, has partnered with layer-1 blockchain XDC Network to drive the adoption of tokenized real-world assets The collaboration, announced on Dec. 5, aims to leverage regulated digital assets and blockchain technology to make tokenized RWAs accessible to financial institutions. Archax and XDC Network (XDC) emphasized ease of access and compliance as critical factors in unlocking the potential of RWA tokenization for institutional players, according to a blog post. Keith O’Callaghan, head of structuring at Archax, commented: “Innovation and evolution of digital assets has been at our core since…

Bitcoin prepares to make massive upward movements. One analyst observes a possible 73% surge to $111,600 ATH. Another analyst predicts a conservative ATH target of $105,000. Bitcoin kicks off the week with a pump to the $64,000 price range. Presently, the pioneer crypto asset hovers between the $63,000 and $64,000 targets. Despite this bullish action the Crypto Fear & Greed Index is still in the neutral range which many analysts mark as a prime opportunity for traders and investors to accumulate. Bitcoin Prepares for Major Q4 Gains Reflecting the positive sentiment and high expectations for a bullish Q4 his Bitcoin…

Bitcoin’s explosive rally to over $100,000 has lit a fire under the crypto lending market. After being left in tatters during the chaotic implosions of 2022 and 2023, the sector is staging a comeback. Decentralized finance (DeFi) applications are taking center stage in this revival, with funding rates—fees paid by traders for leverage—skyrocketing more than tenfold since June. Crypto lending volumes almost tripled in the first nine months of 2024 compared to last year, driven by renewed optimism about Bitcoin’s role in mainstream finance. The Trump administration’s promise of favorable regulations has added fuel to the frenzy. Even so, the…

On October 21, 2024, several cryptocurrencies saw impressive gains. Leading the charge was $PIP, which surged by 149.6%. According to Phoenix, a crypto media outlet, this significant increase has drawn the attention of investors and analysts alike. DAILY GAINERS$PIP +149.6% $ESE +55.3% $ARPA +44.2% $HOPR +30.5% $PERP +28.6% $ALPHA +27.2% $ZAP +20.5% $DYDX +19.9% $LUMIA +18.1% $APE +12.5%#dailygainers pic.twitter.com/1NPN738BWQ — PHOENIX – Crypto News & Analytics (@pnxgrp) October 21, 2024 $ESE, $PIP and $ARPA Show Major Gains, Fueling Market Optimism Second to that, $ESE increased by 55.3%. Such rapid growth has attracted the attention of many traders to $ESE. Likewise,…

In early November, SEC Commissioner Hester Pierce delivered a fierce speech emblematic of her pro-crypto stance, offering a critique of her agency’s hostile treatment of digital assets and other innovative financial technologies in the United States. The following opinion editorial was written by Alex Forehand and Michael Handelsman for Kelman.Law. Hester Peirce Calls for Clarity as SEC’s Crypto Approach Faces Scrutiny In an homage to Hobbes, Commissioner Peirce warned how a “regulatory environment that is characterized by instability, uncertainty, and fear renders entrepreneurial prospects ‘nasty, brutish, and short.’” It is hard to describe FTX, 3AC, and Luna/Terra—a cascade of financial…