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.

49.6% of global crypto millionaires owe their fortunes to Bitcoin

BitcoinNov 28

According to Henley & Partners Crypto Wealth Report, Bitcoin millionaires have increased by over 111% from 2023 to 85400, accounting for 49.6% of crypto millionaires in 2024. In terms of crypto billionaires, five out of the six new entrants this year also owe their fortunes to Bitcoin. Crypto millionaires have increased by 95% from last year’s figures Currently, 172300 people hold 1 million crypto assets and counting, a massive 95% spike from 2023. BTC holders have notably contributed to the surge in crypto millionaires, with the asset-related millionaires growing by over 111% in the same period to 85400. Bitcoin millionaires…

Someone Just Took Out a $2.75 Million Loan Against This One-of-One CryptoPunk NFT

NFTNov 28

CryptoPunk #8348, a one-of-one CryptoPunk and the only one with seven traits, was loaned for $2.75 million in a historic financing deal facilitated by NFT lending platform GONDI. The loan, which has a six month maturity and a 20% interest rate, must be repaid by the borrower—notable NFT collector Seedphrase—in that time, or he’ll yield his Punk to the lending party. Originally purchased in May 2020 for 85 ETH ($18,000 at the time), Punk #8348, which has become synonymous with Seedphrase’s online identity, has not changed hands since. "This is comparable to using a Picasso as collateral in the traditional…

Newmarket Capital Launches Battery Finance, Bitcoin-Collateralized Loan Strategy

RegulationNov 28

Newmarket Capital recently closed the first investment deal for its new Battery Finance loan strategy, which enables borrowers to incorporate bitcoin into long-term financing structures as collateral. On November 7, 2024, Newmarket Capital, an institutional capital manager and Registered Investment Adviser completed a refinancing for the Bank Street Court apartment in Old City, Philadelphia, PA. The loan was collateralized by both the building and approximately 20 bitcoin. Newmarket Capital CEO Andrew Hohns is excited about not only setting his company’s new strategy in motion but the symbolism in the deal. “It's a building that is located less than half a…

IOTA EVM Total Value Locked (TVL) Hits $20 Million in Fresh Milestone

AltcoinsNov 28

The Tangle Treasury Grant Committee announced plans to reinvest IOTA, SMR, and USDT assets into the IOTA EVM DeFi ecosystem. IOTA’s parallel transaction processing and recent EVM compatibility with Solidity smart contracts are driving factors in its rapid growth within the DeFi sector. In a major announcement earlier today, IOTA declared that the total value locked (TVL) on the IOTA EVM has shot past $20 million. This achievement reflects months of dedicated work to advance the digital ecosystem and build a foundation for the next generation of Web3 solutions. With this TVL growth, IOTA will continue to make progress in…

REN falls 38% as Binance delists it alongside other altcoins

ExchangesNov 28

The price of Ren (REN) has fallen sharply in the past 24 hours amid a broader breather for cryptocurrencies. REN price was down more than 38% at the time of writing as the token reacted to news that crypto exchange Binance is delisting spot trading pairs for Ren as well as several other altcoins. Binance delists multiple tokens On Nov. 26, Binance announced that it would be delisting the spot trading pairs of multiple tokens as of December 10, 2024. The exchange, the world’s largest by trading volume and user base, notified its user community that trading support for Ren…

Could Bitcoin Break $100,000? Analysts Predict 6-Figure Milestone

BitcoinNov 27

Once again, Bitcoin has brought excitement to the cryptocurrency landscape as analysts predict an upward trajectory for the price of the alpha coin. The buzz of a Bitcoin price upsurge is making headlines as two crypto experts raised the possibility of it hitting the six-figure mark per coin, intensifying the discussion on the coin’s future. Bitcoin: On The Road To $100,000 Bitwise CIO Matt Hougan predicted that Bitcoin price will likely breach the six-figure level, saying that it is inevitable for the coin to reach that milestone. Hougan said, in his X post, that the bullish sentiment on the digital…

SunPump and RealGo Partner to Transform Meme Culture with Gamified NFTs

NFTNov 27

SunPump, a meme-driven crypto ecosystem, partners with RealGo, a gamified NFT adventure platform. They join forces to introduce a Pokemon-inspired adventure that combines memes, gaming, and NFTs. This innovative partnership offers players a chance to explore the vibrant world of SunPump memes through an engaging and interactive experience. 🥳We are excited to announce that SunPump is teaming up with @Realgo2moon, your gateway to hunting memes and NFTs in a Pokémon-style adventure! 🕹️ This exciting collaboration adds a playful and immersive twist to meme culture, giving gamers a fresh and interactive way to explore… pic.twitter.com/kB9WKCn1L4 — SunPump (@sunpumpmeme) November 27, 2024…

OpenTrade Secures $4M Seed Extension to Scale RWA-Backed Lending & Stablecoin Yield Solutions

RegulationNov 27

The stablecoin market has seen incredible growth, with over $175 billion in circulation and transaction volumes exceeding $11.1 trillion—comparable to the combined volumes of Visa and MasterCard. As more "non-crypto" consumers and businesses continue to adopt digital dollars like USDC, there's a growing need for reliable and efficient stablecoin-based financial services.(Cover photo: Jay Wilson, Partner at AlbionVC) — OpenTrade, an institutional-grade platform for real world asset-backed (RWA) lending and stablecoin yield products, has just raised a $4 million seed extension round led by AlbionVC, with participation from returning investors a16z Crypto and CMCC Global. Since launching in late 2022 from…

Cronos (CRO) Token Strengthens Its Position in the Crypto Market

AltcoinsNov 27

Cronos processes thousands of transactions per second, making it a fast and efficient choice for users and developers. The Pioneer Program boosts community engagement by rewarding users for their active participation on the platform. Users can earn multiple rewards on their CRO assets through staking and by engaging with participating dApps. Cronos is gaining traction in the digital asset marketplace. Recently, crypto enthusiast Cryptowizard B pointed out its strengths on social media. He said that the Cronos chain delivers functional upgrades consistently. Unlike many other projects, Cronos does not make empty promises. This reliability makes it a strong contender in…

Robinhood Expands Crypto Investments with Ethereum Staking in Europe

ExchangesNov 27

Robinhood Crypto introduced Ethereum (ETH) staking to its platform to make ETH staking accessible to European users. In a statement released today (Tuesday), the company mentioned that the new service also expands the options available to experienced crypto users. The offering reportedly includes an exclusive, limited-time offer of 100% match on staking rewards for earnings up to €10,000. This followed the success of Solana (SOL) staking, which was launched on the platform earlier this year. Ethereum staking involves locking up ETH to help secure and operate the network, a process that earns users rewards over time. However, staking can feel…