Author: NBTC

Anthony Scaramucci, founder of SkyBridge Capital, recently stated that Bitcoin is still “very early.” “If you’re watching #Bitcoin make new highs and thinking you missed the boat – you didn’t,” he said. Scaramucci has encouraged potential Bitcoin investors to actually read the Bitcoin white paper and listen to prominent Bitcoin evangelists of the likes of MicroStrategy co-founder Michael Saylor and ShapeShift founder Erik Voorhees. As reported by U.Today, Scaramucci accurately predicted that the Bitcoin price would skyrocket following the Federal Reserve’s rate cut. On Tuesday, Bitcoin surpassed the $73,000 level for the first time in months, with bulls zeroing in…

The following is a guest article from Vincent Maliepaard, Marketing Director at IntoTheBlock. DeFi is driving one of the most aggressive waves of innovation in decades. While it may feel like an established sector to some, DeFi is still rapidly evolving, continually introducing tools with the potential to redefine traditional finance. Here’s a look at some of the most promising advancements in DeFi and the protocols at the forefront of this transformation. 1. Yield AMM Protocols Yield Automated Market Makers (AMMs) are introducing groundbreaking ways to manage and trade yield. Protocols like Pendle Finance separate the yield generated by an…

Ethereum has finally surged after breaking through a critical resistance level that had kept the price subdued since early August. This move has shifted market sentiment, as many investors and analysts previously doubted ETH’s potential in the current cycle, expecting it to lag behind. However, Ethereum’s recent strength is starting to reshape these perspectives. Prominent analyst and investor Ali Martinez recently shared insights indicating that while Ethereum’s momentum is building, the much-anticipated “Altseason” hasn’t arrived just yet. According to Martinez, this stage of the cycle typically sees Bitcoin outperforming Ethereum and other altcoins—a common pattern as BTC often leads market…

Aptos’ token price remained stable at $6.10 after releasing 11.31 million tokens. Aptos’ total market cap continues strong at $2.97 billion post-unlock. Aptos (APT) recently underwent a significant token unlock event, releasing 11.31 million APT tokens into circulation on September 11, 2024. This unlock, representing 2.32% of the total supply and valued at approximately $68.99 million, was part of the project’s predetermined emission schedule. Despite concerns about potential selling pressure, APT has shown resilience. The token’s price currently stands at $6.10, reflecting a modest 1.77% decrease post-unlock. This stability suggests a balanced market reaction and indicates that the event was…

The ongoing November 2024 U.S. elections have proven to be a turning point for the crypto industry, as pro-crypto candidates lead in Congress. This development has triggered optimism among crypto leaders, including Coinbase CEO Brian Armstrong. In a recent X post, Armstrong stressed the importance of the elections. At present, pro-crypto candidates are outperforming their opponents in Congress. Data from the crypto-focused political action committee (PAC) Stand With Crypto reveals that 238 candidates supporting crypto currently lead in the elections, with 224 in the House of Representatives and 14 in the Senate. US Congress Results | Stand With Crypto PAC…

Bitcoin’s volatility hit new highs in Japan as the BTC-JPY pair surpassed BTC-USD in 90-day realized volatility. This marks the first time since 2022 that BTC-JPY has been more volatile than its U.S. counterpart. Japanese market conditions, especially following last week’s general elections, played a significant role in this shift. The Japanese yen is under increased pressure. Investors are hesitant toward the yen, which is near multi-month lows. The yen’s weakness has made Japanese assets, including BTC-JPY, more volatile. The heightened volatility around the BTC-JPY pair reflects this vulnerability and increased market uncertainty. Japan’s recent election outcomes added further unpredictability…

Decentralized finance (DeFi) passed gaming last month to become the top sector in the decentralized app (DApp) space, according to a new analysis from the market intelligence firm DappRadar. DappRadar notes that DeFi now accounts for 34.5% of overall DApp activity, compared to 24.5% for gaming and 17.7% for non-fungible tokens (NFTs). “In a notable shift, the gaming sector has lost its leading position within the DApp industry, now outpaced by DeFi. This rise in DeFi usage reflects not only October’s market activity but also highlights the impact of the U.S. elections in early November, which contributed to a surge…

The strong performance of Ethereum in recent days has caught the attention of experts. In several posts on X, prominent fund managers and industry leaders have projected a bullish outlook for Ethereum (ETH), positioning it to outperform Bitcoin (BTC) with a target price of $8,000. This optimism is underpinned by anticipated regulatory advancements for the decentralized finance (DeFi) ecosystem. Why Ethereum Could Outperform Bitcoin Raoul Pal, Founder and CEO of Global Macro Investor, articulated his perspective on ETH’s potential resurgence in a post that has garnered significant attention within the crypto community. “I’ve been expecting ETH to start gaining lost…

The co-founder of Taproot Wizards, Udi Wertheimer, has proposed the launch of the new CATNIP tokens, based on OP_CAT. Runes were a mistake…. but OP_CAT fixes this!INTRODUCING CATNIP: bitcoin-native CAT-powered tokensThe user experience of BRC-20s and Runes felt disappointing to most crypto enthusiasts. While ordinals and inscriptions are widely considered to be a superior version of NFTs on… pic.twitter.com/l3p5hc38b3 — Udi | BIP-420 🐱 (@udiWertheimer) September 11, 2024 The new CAT protocol on Bitcoin The sleeping OP_CAT The proposal of the CATNIP protocol Fractal: the scaling solution for the Bitcoin network The news after Taproot The new CAT protocol on…

Former U.S. President Donald Trump will once again take the White House, needing only three more electoral votes from a state leaning heavily red, defeating Vice President Kamala Harris and auguring a more permissive regulatory environment for crypto in the world’s largest economy. Crypto has not been a major issue through this election cycle, though Trump, the Republican candidate for president for a third election in a row, did a great deal of outreach to the crypto industry, by speaking at a bitcoin conference, handing out burgers at a crypto bar and otherwise making statements appealing to the industry, including…