Author: NBTC
According to data from decentralized options market Lyra Finance, cryptocurrency investors think there is a 20 percent chance that Bitcoin (BTC) will exceed the $70,000 level by the end of April. This prediction comes as Bitcoin has surged 35% in the last three weeks to reach $52,000 and the mining reward planned for April has been halved. Because this rate was almost zero until a few weeks ago. Nick Froster, Lyra’s founder and a former Wall Street options trader, explained in an interview that Lyra’s markets show there is about a 20% chance of Bitcoin rising above its all-time high…
OKX, a renowned Web3 technology company, has announced a notable upgrade as of January 1, 2024. The OKX Wallet, known for its robust and user-friendly interface, has now expanded its capabilities by integrating with Amulet DeFi. This strategic move marks a considerable enhancement in the services offered by OKX, aligning with its mission to provide innovative and comprehensive solutions in the world of digital finance. Amulet DeFi, recognized as the first DeFi protocol on the Avalanche blockchain with built-in protection features, presents a unique proposition in the DeFi space. Its primary focus on minimizing risks while optimizing yield farming strategies…
Sorare NFT fantasy sport has launched Rivals, the new game that offers fans a way to interact with live matches. Not only that, fans become Rivals managers and will be able to obtain rewards for their sports knowledge that they show in the game. In the launch campaign of Sorare’s Rivals, there is also former Barcelona defender, Gerard Piqué. Sorare NFT fantasy sport and the launch of the new live game Rivals Sorare NFT fantasy sport and Gerard Piqué’s involvement in Rivals 3D cards and Augmented Reality (AR) features Sorare NFT fantasy sport and the launch of the new live…
According to a recent tweet by WhaleAlert, a crypto data tracker, a massive ETH whale has recently shifted 15,000 ETH worth $34.8 million. The massive ETH move was made from an unknown wallet to the beacon depositor. WhaleAlert reported, “15,008 ETH worth $34,878,151 transferred from unknown wallet to Beacon Depositor.” 🚨 🚨 15,008 #ETH (34,878,151 USD) transferred from unknown wallet to Beacon Depositorhttps://t.co/I3RTIaCaZ3 — Whale Alert (@whale_alert) February 5, 2024 Although the exact reason for the massive ETH transfer remains unknown, the nature of the deposit suggests it might be for staking. Staking allows users to lock up their ETH…
Sam Lee, the founder of the HyperVerse crypto pyramid scheme that has been accused of misappropriating $1.7 billion in investor funds, is still promoting crypto projects online just hours after the US charged him. On January 29, the Securities and Exchange Commission (SEC) accused Lee and HyperVerse of fraudulently promoting lucrative returns on crypto schemes that relied on funds taken from investors. However, just a day later, the 35-year-old Australian appeared in a Facebook video promoting his new project South African crypto venture VEND. In the 70-minute-long video, Lee, who is the project’s CEO, claims that things can only get…
Terra Luna has proposed a governance discussion proposal to establish deep stablecoin and Cosmos (ATOM) token liquidity on Terra. The proposal is in line with Terraform Labs chief executive officer (CEO) Chris Amani’s plan to have the deepest stablecoin liquidity in Cosmos, becoming the only ecosystem that has “defi-sufficient” liquidity for both Cosmos and non-Cosmos blue-chip assets. Terra Announces Progress in Deep Stablecoin Liquidity A proposal is submitted to whitelist USDC-USDT and ATOM-LUNA liquidity pool (LP) tokens to establish deep stablecoin and Cosmos token liquidity on Terra by Terraform Labs on February 15. The abovementioned stablecoins will be whitelisted from…
BlackRock is open to the possibility of increasing its Bitcoin exposure, but several factors, such as adoption and public trust, need to be addressed first, Rick Rieder, BlackRock’s Global Chief Investment Officer of Fixed Income, said in an interview with WSJ. Rieder oversees $2.6 trillion in fixed-income assets at the globe’s largest asset management firm. “I think that time will tell whether it’s going to be a big part of the asset allocation framework. I think over time people become more and more comfortable with it,” stated Rieder. Rieder believes people will become more comfortable with Bitcoin, seeing BlackRock’s spot…
Decentralized finance has seen some significant improvements over the past year. Here are some of the major milestones the DeFi space has seen since the start of 2023. 1. Cross-chain communication for more interoperable blockchains Cross-chain communication protocols seek to enable different blockchains to communicate with each other. They are designed so that data and value can be connected between separate systems, enabling tokens or assets to be transferred between separate networks. This type of technology allows decentralized exchanges to tap into more liquidity pools and give applications access to technological functionality across other blockchains. Squid, a cross-chain liquidity routing…
In the last week, the non-fungible token (NFT) market experienced unremarkable sales, totaling $311.31 million. This figure represents a slight uptick of just 0.05% from the previous week. Despite this, Bitcoin NFT sales have consistently outperformed other blockchain networks since November 2023. However, it’s noteworthy that NFT sales on the Bitcoin blockchain have decreased by 19.12% compared to the previous week. Weekly NFT Sales Reach $311 Million With Bitcoin Leading, Ethereum and Polygon See Impressive Growth Data from cryptoslam.io over the past seven days shows that NFT sales reached $311.31 million. However, there was a significant decrease in market participation:…
Ethereum price is consolidating above the $2,250 zone. ETH could start a decent increase if it clears the $2,340 and $2,380 resistance levels. Ethereum is struggling to gain pace for a move above the $2,350 zone. The price is trading above $2,300 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with resistance near $2,350 on the hourly chart of ETH/USD (data feed via Kraken). The pair might start a fresh increase if it manages to clear the $2,350 resistance zone. Ethereum Price Eyes Fresh Increase Ethereum price remained in a range below the $2,350 resistance…