Author: NBTC
Ethena has announced the launch of its USDe stablecoin on the public mainnet alongside a unique Shard Campaign. This campaign aims to incentivize user participation within the ecosystem by offering rewards based on contributions. The introduction of USDe on the public mainnet signifies a significant milestone for Ethena and its community. The Shard Campaign serves as an innovative method to encourage engagement and foster long-term involvement among users. By rewarding activities within the ecosystem, Ethena aims to create a vibrant and active community dedicated to its success. This approach marks a departure from traditional methods of incentivization, signaling Ethena’s commitment…
The Bitcoin price surged above $50,000 and mounted a sustained rally to $53,000 before retracing back downward, something that has taken the market by surprise. However, with expectations waxing stronger for the cryptocurrency, it could signal time for a possible correction and crypto analyst and market expert Michaël van de Poppe believes this correction could be as deep as 40%. Sentiment Can Tell The Wrong Story For Bitcoin In a post made on X (formerly Twitter), the crypto analyst outlined a number of things that could affect the Bitcoin price, be it positively or negatively, and one of those is…
The decentralized finance (DeFi) ecosystem is witnessing a robust resurgence, with the total value locked (TVL) catapulting to a staggering $60 billion for the first time in 18 months. This milestone underscores the rising interest in the DeFi sector, with protocols like Lido Finance and restaking narrative leading this shift. DeFi TVL Surges 68% in 4 Months The DeFi ecosystem’s total value locked jumped 68%, from $36 billion in October 2023 to $60.55 billion. This rise is mainly due to the crypto market rally and sector innovations, especially in liquid staking and restaking. Lido Finance, leading in liquid staking, now…
The founder of Animoca Brands, Yat Siu, commented on Non-Fungible Tokens, stating that NFTs are an important component of digital capitalism. Animoca Brands: NFTs as pillars of digital capitalism, according to Yat Siu Animoca Brands and NFTs: genuine interest in the utility of technology The 2023 report: volume is decreasing but not users Animoca Brands: NFTs as pillars of digital capitalism, according to Yat Siu In an interview with CoinDesk, the founder of Animoca Brands, Yat Siu, commented on what Non-Fungible Tokens mean to him, which are tokens that provide users with ownership of digital or tangible assets. In practice,…
Cathie Wood’s investment management firm Ark Invest can resume buying Coinbase (COIN) shares after the crypto exchange’s earnings report on February 15, similar to the recent buying of commission-free trading app Robinhood Markets (HOOD) shares after the Q4 earnings report. Cathie Wood’s Ark Invest Buys Robinhood Shares, Coinbase Next On February 13, Cathie Wood’s Ark Invest purchased a total of 42,129 Robinhood Markets shares worth over 500K, as per trades seen by CoinGape. This is the first buy after Robinhood reported better-than-expected quarterly results for the quarter ended December 31. ARK Innovation ETF (ARKK) bought 35,939 HOOD shares and ARK…
With the burgeoning adoption and acceptance of major cryptocurrencies, the digital landscape is advancing at a supersonic speed. Out of the popular digital assets, Dash has emerged as a perfect option for online gambling due to its focus on privacy and security. When it comes to online gambling or making online transactions, privacy plays an important role, and Dash seems to have achieved an impressive level of privacy through its unique features, standing out in terms of security and anonymity from the crowded, dynamic crypto market, filled with thousands of digital assets. In this article, we will look into Dash’s…
As Bitcoin continues its bullish momentum, renowned analyst Michaël van de Poppe has offered an optimistic outlook on the cryptocurrency’s price trajectory. Van de Poppe highlights the “massive” momentum behind Bitcoin, signalling a bullish trend in the market. The analyst anticipates Bitcoin embarking on a “final surge” towards the $54,000 to $58,000 range, marking the culmination of the current pre-halving rally. However, there’s a catch: Van de Poppe predicts a short-term correction before this “final push.” The #Bitcoin chart looks great as the momentum is massive. I’m expecting a short-term correction before a final push to $54-58K and then we’re…
Sotheby’s, the internationally renowned auction house, has integrated support for the Kresus digital wallet into its NFT marketplace Sotheby’s Metaverse. This collaboration provides collectors looking to purchase high-value digital artworks with a secure and user-friendly solution for storing their NFT purchases. Launched in 2021, Sotheby’s Metaverse serves as the premier destination for NFTs and digital art. The marketplace hosts exclusive NFT drops and exhibitions in collaboration with top traditional and digital artists. With the addition of Kresus, collectors can now easily acquire these rare digital artworks directly through Sotheby’s Metaverse and store them in their Kresus wallet. Key takeaways: Sotheby’s…
Ethereum historically correlates strongly with Bitcoin’s price movements. Investor confidence in ETH grows as it sustains levels above $2,700. Multiple on-chain metrics indicate potential for an ETH breakout rally. Ethereum has shown a strong historical price correlation with Bitcoin. As BTC recently cleared the pivotal $51,000 level, hopes have emerged around Ethereum progressing towards the $3,000 milestone. Multiple on-chain metrics and derivatives market activity point to a potential ETH breakout rally. Investor Confidence and Ethereum Accumulation Grows After slipping below $2,600 amidst some CPI induced Bitcoin consolidation around $50k, Ethereum has found support above $2,700. The crypto market reversal after…
Indonesia, a trillion-dollar economy, is impossible to ignore. The country held its election on Wednesday with defence minister Prabowo Subianto and ex-governors Anies Baswedan and Ganjar Pranowo all competing to become the next president. In December, Indonesia’s Mayor Gibran Rakabuming Raka, a vice presidential candidate in Indonesia’s election, said he aims to accelerate Indonesia’s position as a leader in the digital revolution by cultivating expertise in blockchain and cryptocurrencies. Rakabuming Raka is the son of President Joko Widodo, speaking during an event on December 10 last year, the young mayor said: “We are preparing blockchain experts, we are preparing cybersecurity…