Author: NBTC

Zero-knowledge rollup Citrea has deployed its BitVM bridge on the Bitcoin testnet. Clementine harnesses BitVM, a computing paradigm designed to allow Ethereum-style smart contracts on Bitcoin and which could also pave the way for zero-knowledge computations. Bitcoin zero-knowledge rollup Citrea has deployed its BitVM-based bridge Clementine to the Bitcoin testnet. Citrea, which raised $2.7 million in seed funding led by Galaxy in February, aim is to use Bitcoin as a settlement layer to make it “the foundation for the world’s finance,” according to an emailed announcement on Tuesday. In a blog post in March, the Citrea team described Clementine as…

Ethereum is showing a steady recovery with a recent price increase, while closely tracking Bitcoin’s movements. Significant whale activity and institutional inflows indicate heightened interest and potential volatility. At the time of writing, Ethereum (ETH) is trading at $2,676, reflecting a 3.10% increase over the past 24 hours. This surge is accompanied by a robust trading volume of $15 billion, marking a significant 46.85% uptick. In the institutional space, US spot ETH ETFs recorded a daily net inflow of $2.87 million, with total assets reaching $6.92 billion as of September 20. Notably, the Grayscale Ethereum Mini Trust was the only…

While Bitcoin has maintained its position above $60,000 after the FED’s 50 basis point interest rate cut decision, analysts now expect an increase in BTC. While the BTC price moved sideways over the weekend, Coinshares released its weekly cryptocurrency report. FED Effect on Bitcoin! Coinshares stated that there was an inflow of $321 million into cryptocurrency investment products last week and that the FED was effective in this. “Cryptocurrency investment products experienced inflows totaling $321 million for the second week in a row. This increase was likely due to the Federal Open Market Committee’s (FOMC) decision to cut interest rates…

Just months after Ethereum secured its first exchange-traded fund (ETF) approval from the SEC in the United States, the door seems to be opening for other cryptocurrencies. This has sparked excitement in the crypto sector as financial regulators begin to show interest in digital currencies beyond Bitcoin and Ethereum. For instance, Brazil’s financial watchdog cleared the way for the country’s first Solana ETF, one of the very few worldwide. This marks a significant milestone for Solana, a cryptocurrency created in 2017, as it seeks to join the ranks of its more widely-traded peers, Bitcoin and Ethereum. Institutions Push for Solana…

James Lavish, former hedge fund manager and CFA, has outlined the potential for Bitcoin’s future value in his new post. And it is, according to his prediction, mind-boggling. According to the expert, with global investable assets of around $900 trillion, BTC currently represents just 0.15% of that amount at a price of $67,000. If Bitcoin made up 1% of the global investment market, its value could soar to $428,000 per coin. Thus, Lavish’s forecast implies a staggering 548% increase from the current price. Good morning. There are approximately $900 trillion of investment assets in the world and at $67K, #Bitcoin…

Spot Ether ETFs banked a net outflow of $26.26 million for the previous week. It commenced on September 16 and ended on September 20, 2024. Grayscale led the charge, with ETHE recording $46.38 million in outflows. On the other hand, Grayscale Mini Trust recorded $7.94 million in positives. BlackRock’s ETHA had the highest inflow of $14.32 million. Bitwise reported its figure one time. That was a negative flow of $2.1 million, with nothing to balance in later days. The last two days of the previous week saw continuous inflows. First BlackRock established the flow of $5.2 million, and then Mini…

Republican presidential candidate Donald Trump reiterates his belief in cryptocurrencies, stating that the sector will see new highs in the future. In a conference over the weekend, Trump stated that crypto assets would blossom, insinuating that the sector would gain mainstream adoption. The former president noted that the industry has significantly improved over the years and foresees a “good future” for digital assets. The response was to a question from famous non-fungible token (NFT) trader Threadguy. The crypto enthusiast quizzed Trump about his thoughts on the future of cryptocurrencies if, “God forbid,” he is not elected in November. Notably, Trump…

Shiba Inu surprises crypto community members as its official X account follows a popular memecoin. Several crypto enthusiasts have called attention to the recent activity surrounding Shiba Inu’s official X handle @shibtoken. Shiba Inu Follows Neiro Ethereum on X In particular, a social media user named Mark disclosed that Shiba Inu has increased the number of X accounts it follows to 25, with Neiro Ethereum (NEIRO) being the latest addition. The X user claimed that Neiro Ethereum’s recent following serves as an endorsement from the Shiba Inu ecosystem. Furthermore, Mark characterized NEIRO as the third-largest crypto project in the ecosystem,…

While weak hands are dumping Bitcoin, forcing a retest of the $65,000 threshold, data shows investors with longer-term perspectives are accumulating BTC. Bitcoin has dropped by over 4% today, triggering a market-wide dump. Specifically, the premier crypto dropped from the daily high of $68,284 to $65,894, with altcoins bearing the brunt. At press time, Bitcoin has settled at around $66,150, invalidating all gains accrued in the past week. Bitcoin Selling Pressure Examined Notably, this latest round of bearish sentiment emerged as the U.S. Government moved $2 billion Bitcoin to a new wallet on Monday evening. The movement coincided with Bitcoin…

Ethereum transaction fees surged 314%, reaching an average of $3.52. Ethereum burn rate skyrocketed 1,600%, with 1,360 ETH burned on September 21. Despite ETH fee & burn rate rise, Active Ethereum accounts dropped to a yearly low of around 385,000. Ethereum, the second-largest cryptocurrency by market cap, has recently seen a sharp rise in its transaction fees. As noted by crypto analyst Kyledoops, these fees have jumped by an astonishing 314%. At the same time, the number of active Ethereum accounts has dropped to its lowest point this year, highlighting a surprising trend amidst the growing costs of the network.…