Author: NBTC

New York-headquartered financial giant VanEck recently outlined its $1 trillion base case valuation case for Ethereum layer-2 (L2) solutions. L2s solve the scalability problem by handling most transactions off the main blockchain. The main types of L2s include zero-knowledge roll-ups (ZKUs) and optimistic roll-ups (ORUs). In its lengthy report, VanEck predicts that L2s will be able to surpass Ethereum in terms of revenue due to the former’s limited transaction throughput. With that being said, the firm is bearish on the lion’s share of L2 tokens since they are not the base money in the crypto ecosystem. VanEck believes that a…

Inflows into the 11 new Bitcoin ETFs that received regulatory approval in the US in January reversed this week. A significant $850 million has flowed out of ETFs, causing investors and market watchers to question whether this is a temporary glitch or a sign of a larger pullback for the world’s largest cryptocurrency. Fund inflows into ETFs had previously increased the Bitcoin price to a record level of $73,000 this year. However, the recent decline in its price has dampened investors’ interest in ETFs, and bitcoin fell as low as $60,760 at one point this week. “People looked at how…

Velar, a decentralized finance (DeFi) liquidity protocol, announced the official listing of the VELAR token across major platforms as of April 3, 2024. VELAR is now tradable on Bybit, Gate.io, Uniswap (UNI), and Velar’s own Dharma Automated Market Maker (AMM), a milestone highlighting Velar’s innovative vision and the increasing convergence of traditional finance and the dynamic world of decentralized finance. Bringing together centralized and decentralized finance The introduction of VELAR represents the platform’s readiness to leave a lasting imprint on the DeFi landscape by offering improved accessibility, liquidity, and participation opportunities. By embracing both centralized and decentralized finance platforms, Velar…

Concertgoers at this year’s Coachella Music Festival will be able to earn perks and upgrades by playiing a blockchain-based game called Coachella Quests developed by Ava Labs, the company behind the Avalanche blockchain. Coachella attendees who complete quests at the event and on the Coachella Discord server will earn “stamps” and points that can be traded for exclusive festival benefits and experiences, including access to the Oasis VIP lounge, unreleased music, and more—including a rare NFT that comes with two 2025 festival guest passes. In exchange, Coachella organizers will gain insights into what game-playing guests are doing during the event.…

The Solana ecosystem has experienced notable growth, and SOL’s price has turned many experts bullish on it. Similarly, the Solana-based tokens are showing impressive performances during this bull run, with many being among the top gainers in different timeframes. Related Reading: Solana Smashes Major Resistance Levels, New All-Time High Imminent? Solana Chain Driven By Memecoins? According to CoinGecko data, Solana is currently the 5th largest blockchain by Total Value Locked (TVL), registering over 12.8% growth in the past day. During this timeframe, Solana has outperformed its competitors, including Ethereum, which has registered a 2.2% decrease since yesterday. In the 7-day…

Relm Insurance, regulated by the Bermuda Monetary Authority, is offering a five-product suite of crypto cover offerings. As well as cyber and wallet custody cover, Relm is providing professional liability insurance for crypto trading, as well as cover for losses relating to staking assets on the Ethereum blockchain. Relm Insurance, a specialty insurance carrier regulated by the Bermuda Monetary Authority, has unveiled a new suite of products covering a range of cryptocurrency-related risks, from wallets to investment management. Relm, which also provides insurance to emerging industries like cannabis and psychedelics, offers a five-part offering for digital asset risks, such as…

Bitcoin Miner is one of the most compelling mobile games we’ve played that pays out actual Bitcoin along the way. Unlike BTC-infused riffs on solitaire, sudoku, and other classic games, it does so in a colorful, recursive game about mining fake cryptocurrency. It’s a slam dunk for crypto enthusiasts, even though—as with all of these games—the actual amount of Bitcoin you’ll earn for casual play comes out to pennies per hour. But as we’ve logged hours into the game, we’ve discovered strategies and techniques that can easily boost your stack of satoshis (aka 1/100,000,000 BTC)—without spending a penny to buy…

Robinhood, the trading platform, has been initiated with a market perform rating and a $20 price target by KBW as retail trading sees a resurgence. According to the report, retail engagement saw significant acceleration in the first quarter, prompting KBW to commence coverage of Robinhood. The firm notes that Robinhood‘s share price surged notably as retail trading activity intensified. The duration of this upsurge in retail trading remains uncertain, with KBW raising questions about its sustainability. The research report highlights the potential for continued strength in retail stocks and cryptocurrency prices, suggesting that the heightened engagement from retail investors may…

Zeus Network, a novel initiative striving to increase the operating and collaborating capacity of blockchains, with a special focus on students shared between Solana and other big blockchains, has managed to gather $8 million through the recent financed round. This financial leg revealed the Mechanism Capital that echoes the industry’s cross-chain solutions. By raising money from investors to the tune of $100 million, Zeus had been seen to have a good business and proven project by many investors. Zeus Network: Uniting Solana with major blockchains The whole thing that drives the Zeus Network mission is the creation of a strong…

In an intriguing twist, the co-founder of Dogecoin, Billy Markus, known for his playful and often satirical takes on the crypto industry, has made a statement that has caught the attention of the crypto community. In a whimsical call to action, Markus urged Bitcoin, the first and largest cryptocurrency by market capitalization, to reach the astronomical value of 1 million dollars per coin, all while sleeping. “Dear Bitcoin, please go to 1 million dollars per coin while i am sleeping. Thanks,” Billy Markus, who goes by the name “Shibetoshi Nakamoto” on X, wrote. dear bitcoin please go to 1 million…