Author: NBTC

Market pundit Mickle cited comments from developer Matt Hamilton as arguments for why XRP could outshine Bitcoin in the future. In an interview on the Mr. M Podcast, Matt Hamilton, Senior Developer Advocate at Arbitrum and former Ripple developer, discussed why XRP may have a competitive edge over Bitcoin. Mickle recently shared a clip from this interview on X. Why XRP Could Outshine Bitcoin in the Future! pic.twitter.com/C6bhELDaok — mickle (@xrpmickle) October 20, 2024 Bitcoin Limited Despite Being a Pioneer Hamilton discussed XRP’s superior features in comparison to Bitcoin, focusing on its scalability, energy efficiency, and practical application in financial…

Key highlights: Chromia’s Asgard upgrade introduces Extensions to enhance blockchain capabilities, starting with real-time Oracle services. The Oracle Extension supports DeFi applications, including lending platforms and decentralized exchanges. Chromia plans to launch an AI Inference Extension in Q1 2025, enabling on-chain execution of AI models. Chromia unveils Oracle Extension and future AI capabilities Chromia, a Layer-1 relational blockchain platform, has announced the successful implementation of its Asgard mainnet upgrade. This milestone introduces Chromia Extensions, a modular framework that enhances the network’s ability to support decentralized finance (DeFi) and artificial intelligence (AI) applications. The first extension, a fully on-chain Oracle service,…

Bitcoin futures open interest on the CME exchange has hit an all-time high of 172,430 BTC ($11.6 billion). Over the past five trading days, CME bitcoin futures have seen an increase of 25,125 BTC, marking one of the highest recorded changes in recent years. Bitcoin (BTC) futures open interest (OI) on the Chicago Mercantile Exchange (CME) has hit a new all-time high of 172,430 BTC ($11.6 billion). On Tuesday, CoinDesk reported that cash-margin open interest reached a new all-time high, with CME accounting for 40% of the total. Open interest refers to the number of open or active futures contracts…

BRASILIA, Dec 2 (Reuters) – Brazil’s popular instant payment system Pix saw a 120.7% jump in the value of transactions recorded on Black Friday compared to the previous year, central bank data showed on Monday. The figures underscore the widespread adoption of the payment method and its growing use for payments between people and businesses (P2B), as well as the strength of the promotional period in Latin America’s largest economy. On Nov. 29, the central bank said, 130 billion reais ($21.60 billion) were transacted using Pix, up from 58.9 billion reais on Black Friday last year. Black Friday, the Friday…

Mantle Network, an Ethereum layer 2 solution, has adopted Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to bolster its cross-chain capabilities, aiming to provide developers with a secure and reliable infrastructure to build dApps across multiple blockchains. CCIP promotes seamless and trustless transfer of data and value across various blockchain networks, allowing Mantle to connect with multiple blockchains efficiently. Interoperability is crucial for expanding the reach of dApps and enhancing user access to a broader range of services and liquidity. The integration allows builders to “create cutting-edge cross-chain applications and better advance the blockchain industry,” said Johann Eid, Chief Business Officer at…

The expected rise of Bitcoin toward the $70,000 price mark has slowed, influenced by a surge in social media chatter. According to data from Santiment, Bitcoin was on a promising trajectory but hit a roadblock after a spike in bullish sentiment from the crowd earlier this week. The sentiment-driven rally encountered resistance as market dynamics responded to the increased chatter about Bitcoin potentially reaching $70,000. The data from Santiment indicates that social media mentions of Bitcoin in the $50K to $59K range have frequently correlated with market bottoms. Conversely, mentions in the $70K to $79K range have often coincided with…

The long-awaited idea of a major economic stimulus from China has been refuted, according to Shehzad Qazi, Chief Operating Officer of China Beige Book. Speaking on CNBC’s Squawk Box, Qazi shared his views on China’s economic trajectory, the effects of former US President Donald Trump’s tariff threats and Beijing’s cautious fiscal approach, as outlined in the firm’s November report. The China Beige Book report shows year-over-year growth in revenue and profits for factories, particularly those that benefited from a preemptive surge in export orders ahead of potential U.S. tariffs. “Export orders have risen to levels not seen since COVID as…

South Korea’s largest cryptocurrency exchange Upbit, which has skyrocketed the price of the altcoins it listed, is also being wondered by investors about which altcoins it will list. At this point, crypto analysis platform DeSpread has listed four altcoins that Upbit could list, according to data. Accordingly, DeSpread announced the altcoin projects that were included in this year’s UDC event hosted by Upbit’s parent company Dunamu but have not yet made it to the full list. These altcoins include Axelar, Cyber, IoTeX, and Magic Eden, which suggests that there is a high probability of listing for these four altcoins in…

Analysts are warning of a potential Bitcoin price correction as open interest in futures markets climbs to new highs for 2024, while trading volumes remain subdued. Experts have suggested that the imbalance between rising leverage and declining activity could create conditions for sudden price reversals if traders begin closing long positions. “Open interest has reached a new peak for the year, and funding rates are at their highest since June,” Illia Otychenko, Lead Analyst at CEX.IO told Decrypt. “But the troubling part is the downtrend in volume. This means fewer traders are actively participating, but those that remain are heavily…

The Central Bank of Bolivia shared numbers that show the country’s crypto activity is overheating. According to the institution’s data, purchase and sales operations for crypto assets grew over 100% after the bank lifted a blanket ban on crypto operations earlier this year. Bolivia Heats up With Crypto Adoption, Over 252,000 Hold Digital Assets Bolivia, one of the smallest economies in Latam, is growing its crypto adoption levels. In a press release shared on November 25, the Central Bank of Bolivia highlighted this rise in crypto activity, stating that it has “dynamized the national payment system.” Data from the central…