Author: NBTC

Bitcoin is flying high on Thursday, topping the $65,000 mark for the first time since the start of August. However, markets are bracing for an $8 billion Bitcoin options expiry tomorrow that could trigger a bout of volatility, according to analysts. This isn’t an all-time high for Bitcoin options expiries by any stretch. The final monthly expiry ahead of this year’s Bitcoin halving in April was $14 billion. But it’s still the second-largest monthly expiry sitting on the books for Deribit, which accounts for $5.8 billion worth of the Bitcoin options expiring. Approximately 20% of those contracts were “in the…

Ethereum’s price has dropped to $2,598, a 1.90% decline in 24 hours. The Ethereum Foundation sold 100 ETH for approximately 262,474 DAI. Ethereum’s price has dropped to $2,598, marking a 1.90% decline over the past 24 hours. Meanwhile, trading volumes surged, reaching $13.31 billion, which represents a significant 30.23% increase. Additionally, the drop in Ethereum’s market capitalization by 1.49%, now sitting at $316 billion, combined with a steady circulating supply of 120.37 million ETH, raises concerns among investors. These factors point to potential further corrections. Several large-scale whale transactions currently influence market sentiment. The most notable transfer involved a staggering…

VeChain’s advanced SaaS platform centralizes and innovates carbon data verification, driving operational efficiency. Real-world applications demonstrate VeChain’s pivotal role in global carbon management and sustainability. Following a CNF recent update on VeChain’s partnership with the Crypto Carbon Ratings Institute to advance sustainability and regulatory compliance, VeChain’s software-defined dual-carbon technology is reported to have the potential to transform traditional systems into more flexible and adaptable platforms, enhancing efficiency. VeChain revolutionizes carbon data verification with an advanced SaaS platform, centralizing control and separating data, which allows for improved operational flexibility and innovation. As noted: Software-defined dual-carbon technology enhances efficiency by providing comprehensive…

Users were confused by the news that FTX clients would receive between 10% and 25% of the value of the deposited crypto assets. Why did this happen? Sunil Kavuri, one of the creditors, recently said several other changes are also planned in the reorganization plan. One of the points, which concerns the amount of compensation payments to victims, raised questions in the community. Table of Contents What is known about the compensation plan The community speculates on the timing of compensation payments FTT Reacts With Growth Where did the client funds go? Victims are waiting, and the culprits are serving…

Few crypto abbreviations distill more weight than the letters ZKP. Zero-knowledge proofs are a powerful technology with a multitude of use cases, from financial privacy to identity verification. As understanding of this blockchain-adjacent tech has grown, so has the number of proposed applications for ZKPs. But despite its vast potential, adoption of zero-knowledge-based protocols has remained limited to a handful of Layer 2 networks so far. The reason for lagging adoption concerns some of the challenges that come with ZKPs, including the increased computational burden placed on blockchain networks. But web3 developers don’t give up easily and a number of…

Bitcoin (BTC), the first and largest cryptocurrency by market capitalization reached a high of $65,250 during Thursday’s trading session, a level not seen since August. The broader crypto market is paying attention to the BTC price movement, particularly as it nears a key profitability milestone. According to on-chain analytics platform IntoTheBlock, Bitcoin is steadily climbing, and with it, the number of holders in profit. Bitcoin is steadily climbing, and with it, the number of holders in profit. If $BTC breaks $65k, well over 90% of holders will be in profit; a level we last saw in July, when Bitcoin ultimately…

ETP issuer Valour has launched a fully backed Ethereum staking ETP on the London Stock Exchange, marking a pivotal step for institutional access to decentralized finance in the U.K. Valour, a Swiss digital asset investment firm run by DeFi Technologies Inc., has introduced a physically-backed Ethereum (ETH) staking exchange-traded product on the London Stock Exchange, providing institutional investors with passive, non-leveraged exposure to ETH while allowing them to earn staking rewards. In a Sept. 30 press release, the Swiss firm stated that the product complies with the Financial Conduct Authority’s stipulations and is supported by ETH held in cold storage…

Binance Kazakhstan has secured a full DATF license from AFSA for digital assets. The license allows trading, brokerage, and custody services in Central Asia. The crypto exchange underwent rigorous audits and ISO certifications to ensure compliance with regulatory standards. In a significant regulatory development, Binance Kazakhstan has successfully obtained a full Digital Asset Trading Facility (DATF) license from the Astana Financial Services Authority (AFSA). This milestone enables the platform to offer a comprehensive range of services, including trading, broker-dealer activities, and custody of digital assets within the region. Binance Kazakhstan a pioneer in Central Asia’s digital asset space This achievement…

The blockchain Base has reached a significant milestone in 2024, surpassing for the first time a Total Value Locked (TVL) of 2 billion dollars. This represents an impressive growth of 370% compared to the data at the beginning of the year. A decisive contribution to this growth was given by Aerodrome, a decentralized exchange that attracted over 1 billion dollars in deposits, consolidating itself as the largest player on the Base network. Base: TVL is growing, an exponentially growing blockchain The role of Aerodrome in the growth of Base’s TVL What is TVL and why is it important? The prospects…

Michael Saylor, swiping an idea from a paper written by NYDIG’s Ross Stevens, claimed recently that bitcoin is speech and therefore protected by the First Amendment of the US Constitution. The argument put forth by Stevens is a basic series of assumptions. First, he argues that Bitcoin “consists entirely of the creation and transmission of information, which is speech.” Second, that “bitcoin activity is at minimum protected expressive conduct.” Finally, according to Stevens, this allegedly protected free speech activity is a form of civil participation, which is “expressive association separately safeguarded by the First Amendment.” The paper concludes, “Bitcoin is…