Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

OKX Ventures boosts TON ecosystem with $5m investment

RegulationDec 12

OKX Ventures’ investment adds to the recently launched $10 million Telegram Growth Hub. The $5 million investment in TON Ventures targets growth for Telegram-powered apps on TON blockchain. OKX Ventures, the investment arm of global crypto exchange OKX, has invested $5 million in TON Ventures to bolster the development of Telegram-powered TON applications. The OKX Ventures team announced the investment in The Open Network blockchain’s dedicated venture capital fund on Dec. 10. Per the announcement, the investment will go into efforts to accelerate the TON ecosystem’s developer ecosystem. “This investment, alongside our recently launched Telegram Growth Hub, demonstrates our long-term…

Why Is XRP Price Still Down?

AltcoinsDec 12

Despite a massive $1.1 billion in trading volume over the past 24 hours, XRP remains in the red, with the price struggling to gain traction. According to CoinMarketCap data, XRP's trading volume has decreased by 21.2% in the previous 24 hours, indicating a slowdown in activity, even as the broader crypto market experienced a rebound. The larger cryptocurrency market is currently undergoing a recovery, with Bitcoin leading the way by surpassing $68,000. Much of the market rose as Bitcoin reclaimed the $68,000 mark. However, this recovery has not been mirrored by XRP, which remains in the red despite slight losses.…

Ex-Binance CEO CZ Reveals His Bitcoin Strategy, But With Warning

BitcoinDec 12

Changpeng Zhao, or CZ as he is known in the crypto community, did not hold back when revisiting his early Bitcoin journey. The former Binance CEO told the strange story of buying Bitcoin in 2014, a time when the market seemed almost determined to test his resolve. He entered during a bear market and, with little money on hand, found himself unable to buy the dips or take profits during the slump. It was a rocky start, to say the least. But the story does not end there. What may sound like an unremarkable tale of bad timing has taken…

Avalon Finance Launches USDa on Core Blockchain

DeFiDec 12

Avalon Finance has announced the integration of its stablecoin, USDa, onto the Core blockchain network. Positioned as “Bitcoin Money,” USDa offers a fixed borrowing rate and high yields, solidifying its place in the burgeoning Bitcoin DeFi (BTCFi) ecosystem. The launch on Core promises to redefine stablecoin utility, combining security, decentralization, and scalability. Big news! @avalonfinance_ is bringing USDa to Core🔶 A stablecoin offering yield and a natural fixed borrowing rate. Read more about it👇 https://t.co/JcdrcrtxRK — Core DAO 🔶 (@Coredao_Org) December 10, 2024 USDa is a Bitcoin-backed stablecoin designed to provide users with a yield of up to 15% while…

Hyperbolic Secures $12M to Advance Decentralized AI Infrastructure

RegulationDec 12

Hyperbolic, a startup focused on decentralized AI computing and inference services, announced on Tuesday it raised $12 million in a Series A funding round led by Variant and Polychain Capital. The round drew participation from a wide array of investors, including Lightspeed Faction, Bankless Ventures, and Wintermute Ventures. Angel investors included Sreeram Kannan of EigenLayer and Alex Atallah of OpenRouter. It brings the company’s total funding to $20 million as it seeks to expand its footprint in the burgeoning AI and Web3 markets, the company said in a statement. The San Francisco-based firm is building a decentralized GPU marketplace and…

Shiba Inu (SHIB) Witnesses Mysterious $2 Million Whale Activity on Major US Exchange

AltcoinsDec 12

Leading U.S. exchange Coinbase has been hit by the withdrawal of billions of Shiba Inu (SHIB) tokens over the past 24 hours. According to Arkham Intelligence, an unknown whale using the address "0x12F72" has withdrawn 105.866 billion SHIB from Coinbase in the last 13 hours, equivalent to $1.99 million at current exchange rates. It occurred in three transfers, starting with a withdrawal of 13.29 billion SHIB or $253,330 from the Coinbase hot wallet. This was followed by a withdrawal four times the size of the first, with 67.257 billion Shiba Inu tokens leaving the leading U.S. exchange. The third and…

Bitcoin Leverage Finally Easing as Analysts Predict Imminent Recovery

BitcoinDec 12

Bitcoin prices are finally stabilizing after a turbulent period that led to a massive liquidation event that impacted thousands of traders. BTC’s value dropped from over $100,000 to $92,000 within 12 hours on Monday, erasing $1.7 billion in leveraged positions from nearly 584,000 traders. However, it has since rebounded, trading above $98,000, with a 2% increase today to $98,661. Bitcoin Market Seeing Drop in Leverage Amid the recovery, market data indicates a slowdown in volatility and a notable reduction in leverage across exchanges. According to CryptoQuant CEO Ki Young Ju, the BTC-USDT perpetual futures estimated leverage ratio has been steadily…

Clearpool and IX Swap Partner to Transform DeFi with RWA Tokenization and Lending

DeFiDec 12

Clearpool, a popular decentralized credit marketplace, has recently announced a strategic collaboration with IX Swap. The partnership aims to redefine real-world assets’ tokenization, leading to scalability, accessibility, and liquidity. Clearpool mentioned in its announcement that the collaboration with IX Swap leverages its pioneering expertise concerning RWA tokenization. In this respect, the platform intends to revolutionize the tokenization of the RWAs. Clearpool Revolutionizing DeFi with Tokenized Real-World Assets (RWA) A key component of this partnership is a Proof of Concept that goes against conventional norms. In addition to this, it creates a transformative agenda for the integration of RWAs within the…

Bank of Korea Governor doubts won will return to past levels

RegulationDec 12

South Korea’s won steadied at 1,428 per dollar on Tuesday following a turbulent week that saw the currency hit a two-year low of 1,442. However, the Bank of Korea’s governor is doubtful the currency will reach past levels where it surpassed the US dollar in international trades. In a recent meeting with lawmakers, cited by Yonhap News, South Korea’s central bank Governor, Rhee Chang-Yong, said the market remains in a “wait-and-see” mode. The news comes amid fears of political instability, which has seen the country’s government ban several officials from traveling out of the country, including embattled President Yoon Suk…

These Litecoin Metrics Surge to Monthly Peaks as LTC Price Rises Above $70

AltcoinsDec 12

Litecoin experienced a mini-run, with the price surging above $73 for the first time since July. Over the week, the crypto asset attracted 12% in gains. This marks its first notable breakout from Bitcoin and altcoins since the spring. Litecoin Poised for a Comeback? According to Santiment’s latest analysis, two key factors appear to be fueling this bullish trend in Litecoin. Litecoin is enjoying a nice mini run, jumping above $73 for the first time since July. This is its first mid-sized breakout from Bitcoin and altcoins since the spring. Two major factors are: ⚡️ LTC’s continued rise of on-chain…