Author: NBTC

Origin Protocol token holders have voted to merge the protocol’s lesser known token Origin DeFi Governance “OGV” with its native decentralized finance (DeFi) Ethereum token OGN. The OGN protocol is backed by Reddit co-founder and VC investor Alexis Ohanian, Taiwanese-born American YouTube co-founder Steve Chen, and Y Combinator president Garry Tan. In an announcement, Origin Protocol said the move to integrate the tokens will improve Ethereum liquid staking. This allows anyone to share in the rewards of staking without having to maintain complex staking infrastructure. “The proposal aims to unify Origin Protocol under a single token,” Matt Liu, co-founder of…

Scottish Mortgage Investment Trust (LON: SMT) share price had a strong performance in the first quarter as the technology boom continued. The SMT stock jumped by almost 14% in Q1 while the Invesco QQQ, which tracks the Nasdaq 100 index, rose by 10.40%. Cathie Wood’s Ark Innovation Fund (ARKK) retreated by over 5% during the quarter. ARKK vs Scottish Mortgage vs ARKK Still, the Scottish Mortgage Trust has underperformed the Invesco QQQ ETF in the past 12 months and five years. It has risen by 40% in the past 12 months compared to QQQ’s 48%. The fund has beaten ARKK…

In a surprising turn of events, Whale Alert, a tracking service, has uncovered a significant transaction involving meme-inspired cryptocurrency Dogecoin (DOGE). An unidentified whale swiftly unloaded a staggering 86 million DOGE, valued at approximately $14.12 million, to prominent U.S.-based broker Robinhood. This unexpected move has sent ripples through the DOGE market, particularly impacting the price of the coin. The sender, identified only by the address “DF8j,” has a history of large-scale transfers, making this latest transaction somewhat consistent with previous actions. Despite the massive sell-off, there remains four million DOGE, worth around $645,242, in the whale’s wallet. 🚨 86,000,000 #DOGE…

Bitcoin’s Lightning Network was supposed to be the key to scaling Bitcoin adoption globally. Its proponents touted cheaper and faster transactions plus an emergent social graph for a new Bitcoin economy. Seemingly magical demonstrations by influencers like Jack Mallers heralded a fulfillment of Bitcoin’s promise of peer-to-peer electronic cash. With transaction fees so cheap and transactions so instantaneous, Bitcoiners started buying coffee and groceries over the Lightning Network. The idea was simple: sign a simple smart contract and transact endlessly via ‘bar tab’-type paper contracts, rather than paying an on-chain transaction fee every time. Unfortunately, Lightning usage started to stall…

CrowdSwap has launched the first decentralized crypto exchange-traded fund (ETF) ever, consisting of ten digital assets, including Bitcoin (BTC) and Ether (ETH). According to a press release, the new crypto fund, the Bull Run dETF, offers investors access to a diversified digital asset portfolio while ensuring the processes remain decentralized and secure. The First DeFi Crypto ETF Ever CrowdSwap’sCrowdSwap’s Bull Run dETF also consists of Polygon (Matic), Avalanche (AVAX), Chainlink (LINK), Polkadot (DOT), Binance Coin (BNB), Fetch AI (FET), ChainGPT (CGPT), and its native token CROWD. While BTC and ETH comprise 35% of the fund, large-cap altcoins like MATIC, AVAX,…

While $100 might not initially seem like much, its potential for growth turns out to be substantial, particularly when you consider the returns it can generate over time. Let’s delve into a hypothetical scenario: imagine your parents or someone you know invested $100 in a particular asset or commodity back in 1970, a period spanning 54 years, which is well within the average human lifespan. We’ll start with the worst-case scenario: if your parents simply held onto the $100 bill for most of their lives, its value would grow to $956. However, its purchasing power would significantly diminish over time…

Hut 8 Mining CEO Asher Genoot said the coming Bitcoin halving will be on a “different scale” in terms of impact on the mining industry. Genoot said during an interview with Bloomberg on April 2 that large scale miners must become “low-cost operators” to ensure they can survive the turbulent market conditions post-halving. He said: “My belief is to be a successful large scale miner in this ecosystem, you just have to be a low cost operator.” Genoot added that this is a core part of Hut8’s strategy as evidenced by strong balance sheet with a substantial Bitcoin reserve of…

Dogecoin (DOGE) founder Billy Markus, who goes by the name Shibetoshi Nakamoto on social media, has just reacted to some massive crypto price predictions. Markus, a renowned software engineer, took to X (formerly Twitter) to share his thoughts on the Bitcoin (BTC) and Ethereum (ETH) price forecasts. These price predictions were given by Standard Chartered Bank. The British banking giant is renowned for sharing its price forecasts for Bitcoin, mostly keeping a bullish overview of the flagship digital currency. Just recently, the bank issued a statement, noting that Bitcoin has the potential to reach $250,000 next year. Notably, Standard Chartered…

Decentralization brings untold benefits to the financial industry, introducing trustless protocols with self-custody of assets, helping to foster innovation and give users more control. But like all new technologies, it must overcome some tricky hurdles if it’s to go mainstream, and few are bigger than the challenge of liquidity. The lack of liquidity in DeFi is a significant problem because decentralized protocols are entirely reliant on it, and if they don’t have it, it can prevent them from functioning properly, resulting in uncontrollable asset price volatility, high slippage and inefficient market making. The issue stems from the fact that decentralized…

The Bank of Russia noted that Russian nationals transacted $51 billion (4.78 trillion rubles) in crypto during 2023. According to an annual report issued by the bank, its investigations found that volume flows equivalent to the number, especially in bitcoin and ether, were attributed to Russian nationals in large exchanges. Bank of Russia Reports High Involvement of Citizens in Crypto Operations The Bank of Russia pointed out the high involvement of Russian nationals in the cryptocurrency economy. The institution’s recently published yearly report found that flows attributed to Russian nationals in large exchanges amounted to $51 billion in 2023, with…