Author: NBTC

Tether (USDT), the crypto ecosystem’s dominant stablecoin, has added over $5.25 billion to its market capitalization since the start of March. This boom in stablecoin funding is a good omen for overall market liquidity as it generally provides a baseline that can help meet Bitcoin (BTC) and other altcoins’ demands. For proper reference, the combined spot Bitcoin Exchange Traded Fund (ETF) market, despite its massive growth thus far this month, has only managed to add less than $4 billion in netflow. That USDT liquidity is higher than the ETF’s asset under management (AUM) growth means there is enough stablecoin to…

I wanted to share some thoughts on a seemingly overlooked innovation that has come to Bitcoin within the last year, called Bitpacs. Bitpac stands for a Bitcoin Based Publicly Auditable Cooperative. Bitpacs are essentially normal bitcoin multisig wallets with the additional introduction of public auditability. Traditionally in a multisig setup, participants of the multisig are not disclosed. In a Bitpac multisig, participants are intentionally made public, which allows for transparent auditability. With this transparency, unique features, tooling, rules, and transaction crafting is possible. The goal of Bitpacs is to emulate the familiar DAO experience on other chains. DAO’s are marketed…

The two companies will establish a DePIN alliance in south-east Asia. AIOZ’s native token is currently trading flat after the announcement, it is up by more than 200% in 30 days. AIOZ Network will use Alibaba Cloud to improve Web 3, AI, storage and streaming services. Decentralized infrastructure network (DePIN) AIOZ Network has become the leading blockchain partner in Alibaba Cloud’s Innovation Accelerator initiative, according to a blog post. AIOZ’s native token (AIOZ) is currently trading at 90 cents, having remained stable after the blog post was published. It is up by more than 200% in the past 30 days,…

John J. Ray III, Acting CEO of cryptocurrency exchange FTX, has strongly disputed previous CEO Sam Bankman-Fried’s claims that his customers suffered no harm and no funds were lost when the exchange crashed in November 2022. In the letter addressed to U.S. District Judge Lewis Kaplan, Ray called Bankman-Fried’s allegations “absolutely disrespectful and patently false.” Bankman-Fried had previously argued that US prosecutors’ attempts to imprison him for up to 50 years were a distortion of the truth and painted him as an “immoral supervillain”. Ray’s response text primarily targeted the allegations made by Bankman-Fried’s legal team in a sentencing application…

There’s been no escaping Bitcoin this year. It’s on the news, it’s in your 401k, and it’s probably in your wallet. From Vietnamese rice farmers to Wall Street hedge funds, entities great and small have been stacking sats and holding on tightly to the best-performing asset of the last decade. Bitcoin’s meteoric rise — albeit with plenty of false starts and big dips along the way — has been enthralling to witness. Even those with no skin in the game, content to watch from the sidelines, have begrudgingly conceded that Bitcoin has surpassed all expectations. Renowned crypto skeptic Senator Elizabeth…

The Avalanche Foundation delivers the initial stage of Memecoin Rush, a $1 million mining incentive program, to have multiple more stages. Like the Foundation’s previous incentive programs, Memecoin Rush has been developed to upgrade liquidity and create movement for the community coin ecosystem on Avalanche. This initial deliverance is associated with SteakHut and Trader Joe, with more in the offing. The Avalanche conventional projects will encourage trading and attach liquidity plans for selective community tokens. Memecoin Rush is a continued Avalanche Rush, the continuing liquidity program that has supported boosting Avalanche DeFi from 2021 onwards. The initial stage of the…

Sam Bankman-Fried’s defense team argued the U.S. Department of Justice was misapplying legal precedent in arguing for a lengthy prison term. The DOJ urged a sentence of 40 to 50 years, as opposed to the defense’s request for roughly 6 years, for the former FTX CEO. Sam Bankman-Fried’s lawyers have pushed back against some of the legal cases cited by the U.S. government in its sentencing memo, which makes the case for why the Department of Justice think the former FTX CEO should be handed a sentence in the range of 40-50 years, a court filing on Wednesday said. Bankman-Fried’s…

While the rally in Bitcoin to $64,000 pleased both retail and institutional investors, investors’ BTC profits also increased. While El Salvador is one of the institutional investors whose BTC profits increased, El Salvador President Nayib Bukele recently said that the country’s BTC portfolio gained 40 percent in value with the recent rise. Referring to those who criticized his and his country’s Bitcoin decision with this post, Bukele stated that they would not sell BTC and would continue to accumulate it. While Bitcoin maximalists shared Bukele’s joy, Bitcoin enemies such as Peter Schiff overshadowed it. Commenting on Bukele’s post, gold advocate…

The Reserve Rights (RSR) token has surged by 30% in the last 24 hours, setting it apart as one of the standout performers in the cryptocurrency market. As per data by CoinMarketcap, on March 22, the token’s value reached $0.0096, marking its highest level since 2022. RSR 24-hour price chart | Source: CoinMarketCap The surge occurs at a time marked by a general downturn in the market, with major cryptocurrencies such as Bitcoin, Ethereum, and Ripple experiencing declines. Reserve Rights is a blockchain initiative aimed at creating a stable, inflation-resistant currency. The Reserve Protocol allows users to produce RTokens, which…

Lucie, a member of the Shiba Inu core team, took to X to shed light on the significant contributions made by Woofswap to the Shiba Inu community. Woofswap, a decentralized exchange, has emerged as a pivotal player in easing the functionality of the Shibarium network. Fun fact:@woofswap is one of few behind the significant spike in transactions, which is why we’ve seen a nice amount of $SHIB burns on #Shibarium. They assisted with the @gate_io integration and have now deployed $DAMN, helping to bridge many people to #Shibarium.Nothing… — 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO 🧜🏼‍♀️ (@LucieSHIB) March 20, 2024 Speaking on the…