Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Merlin holds the leading position among Bitcoin L2 chains

BitcoinNov 29

Merlin is still the leader among Bitcoin L2 chains based on BTC deposited. Merlin is also moving closer to a decentralized chain with ZK proofs. Bitcoin’s L2 is growing at a slower pace, but already singling out some of the winners. Merlin, with its first-mover advantage, is one of the most well-funded chains in terms of locked BTC. Based on different reports, Merlin holds between 7K and upward of 9K BTC, with more than 11K BTC locked during its peak a few months ago. In 2024, Merlin Chain retained its position as the leading L2 chain, though its native MERL…

Morpho and Aave Lending Protocols See Surge Amid Crypto Market Optimism and Increased Borrowing Demand

DeFiNov 29

The DeFi lending sector is witnessing unprecedented growth as rising crypto prices fuel demand for leverage among investors. As confidence in the cryptocurrency market strengthens, DeFi protocols like Aave and Morpho are leading the charge with substantial increases in total value locked. Paul Frambot, founder of Morpho, noted, “Market price action has driven a surge in borrowing demand as people want to increase their price exposure,” demonstrating the rising interest in leverage. This article explores the booming DeFi lending protocols and the impact of rising crypto prices on borrowing demand and total value locked, featuring insights from key industry figures.…

Expert Says SHIBArmy Wants ‘Higher Than ATH’ For SHIB

AltcoinsNov 29

Prominent Shiba Inu community figure Lola makes a bold assertion about investors’ end-of-year target for SHIB. In a tweet yesterday, Lola claimed that SHIBArmy, Shiba Inu community members, expect SHIB’s price to record a greater surge, surpassing its previous all-time high (ATH). She made the assertion in response to an article titled, “Will Shiba Inu Price Hit ATH [all-time high] Before Year End?” The article projected that significant whale transactions, strong demand, and an effective burn mechanism could propel Shiba Inu’s price to a new all-time high by year-end. Why SHIBArmy Wants Higher Than ATH for SHIB For context, SHIB…

South Korea Debates Crypto Tax Bill Today: What to Know

LegalNov 29

South Korea’s National Assembly will discuss the crypto taxation bill today, November 25, at 14:00 KST, during a session of the tax subcommittee. Representatives from both ruling and opposition parties will review the bill’s potential implications. The Democratic Party reintroduced the crypto taxation bill last week, initially proposed in 2021. It aims to tax crypto investors with gains exceeding a specified threshold. The original threshold of 2.5 million won ($1,791) caused concerns, leading to revisions. The updated proposal raises the tax-free limit to 50 million won (approximately $35,919) and sets a 20% tax rate on gains beyond this amount. Conflicting…

Russia sees 8% rise in crypto exchange traffic as Bitcoin price climbs, telecom giant says

ExchangesNov 29

Increases in Bitcoin prices and recent crypto mining regulations have sparked an 8% rise in Russian internet traffic to major exchanges, data reveals. Internet traffic to major crypto exchanges in Russia surged 8% in early November, spurred by a sharp rise in Bitcoin prices and changes in local regulations, per an analysis done by MegaFon, one of the largest telecommunications companies in Russia. The increase follows a global trend, with web traffic to the top 20 crypto exchanges up 8% to 10% in November compared to October, the company says. According to the analysis, in Russia, users accounted for roughly…

Here’s Why Bitcoin May Not See Lower Prices

BitcoinNov 29

Bitcoin has been on a daring adventure northwards recently. The leading crypto asset has grown over 11% in the past seven days and over 13% from its $59,000 monthly lows. Interestingly, Bitcoin defied bearish sentiments that ensued following its drop below $59,000 a few days ago. Multiple analysts called for lower prices, with mid-$50,000 among the targeted levels. However, BTC broke above the $60,000 price mark over the weekend and surged to $68,000 on Thursday. Meanwhile, market analyst Michael van de Poppe is among those stunned by Bitcoin and its bullish sentiments. Analyst Says Bitcoin May Not Correct Further Following…

Ethereum DeFi TVL hits 2-year high as activity on platforms like Uniswap, Aave soars

DeFiNov 29

Ethereum’s DeFi sector is experiencing a revival, fueled by renewed market enthusiasm following Donald Trump’s election victory. The total value locked (TVL) in Ethereum’s DeFi ecosystem has surged past $80 billion, marking its highest level in over two years. These numbers come as key players like Aave and Uniswap have also achieved significant milestones during this bullish wave. Their rising activity highlights the increasing appeal of DeFi solutions as investors and users flock to platforms that offer innovative financial tools and opportunities. Record volume Uniswap has set a new record for monthly trading volume on Ethereum layer-2 networks, reaching $38…

Celestia (TIA) leads $1.543 billion token unlock this week

AltcoinsNov 29

A considerable amount of token unlocks is scheduled between October 28 and November 4, with Celestia (TIA) leading the pack. According to data from Tokenomist, the combined value of scheduled unlocks exceeds $1.543 billion. This included both cliff and linear vesting releases. Celestia (TIA) leads the cliff unlocks Celestia (TIA) dominates the cliff unlocks with 180 million tokens valued at $923.41 million. This includes 81.68% of its circulating supply. The second-largest cliff unlock comes from SUI, releasing 64.19 million tokens worth $111.06 million, affecting 2.32% of its supply. MEME follows with a substantial unlock of 3.80 billion tokens valued at…

Cardano's Charles Hoskinson vows legal action over Wyoming stablecoin snub

LegalNov 29

Cardano founder Charles Hoskinson has threatened legal actions over the blockchain network’s omission from the Wyoming Stablecoin project. In a Nov. 25 video broadcast on social media platform X, Hoskinson accused the Wyoming Stable Token Commission of favoring certain blockchains and ignoring transparency. He noted that his company, Input Output Global (IOG), had served in an advisory capacity over the past 18 months but was not informed about the criteria or procedures for selecting blockchains. Wyoming is set to debut the U.S. dollar-backed stablecoin Wyoming Stable Token (WST) in the first quarter of 2025. The Wyoming Stable Token Act passed…

Binance announces PayDay, a shopping event with $200k in cashback rewards

ExchangesNov 29

Binance, the largest cryptocurrency platform, has announced Binance PayDay, a promotional event meant to encourage crypto usage during the holiday shopping season, as reported to Finbold on Thursday, November 28. PayDay runs from November 28 to December 12, 2024, and features $200,000 in PEPE cashback rewards. Binance PayDay promotions The initiative features two promotions designed to encourage crypto purchases. In the first promotion (also called Promotion A), available to the first 19,480 qualifying users, those who spend at least $20 during a single transaction with participating merchants can earn $10 in PEPE tokens. On the other hand, the second promotion…