Author: NBTC

Although the marketing gimmick worked for a while, investors are starting to realize that so-called layer 2 scaling solutions are, in effect, just new blockchains. Merlin’s blockchain, which once billed itself as the largest ‘Bitcoin layer 2,’ has lost 63% of its assets since July 1 according to DefiLlama data — far more volatile than Bitcoin’s actual blockchain, which has lost just 5%. Worse, MerlinSwap, the most popular exchange for assets on this chain, lost a devastating 88% of its total value locked (TVL) over the same period. Merlin has at least two proprietary tokens, MERL and MP. Unfortunately, many…

Crypto analyst Poseidon (@CryptoPoseidonn) has released a detailed price prediction for Ethereum (ETH). His analysis, delivered to his 123,000 followers on social media platform X, revolves around the pivotal $2,160-$1,900 price range which has historically served as a significant high-timeframe (HTF) support since the summer of 2021. ETH Price Analysis: $8,000 Is Possible If … According to Poseidon, Ethereum recently retested what he describes as the “most crucial support level on the chart” after a significant breakout earlier in the year. This price zone has consistently acted as a key battleground for bulls and bears, making it a central focus…

Floki joined an exclusive discussion with BNB Chain, emphasizing its rationale for choosing BNB Chain due to robust infrastructure and innovation. Floki highlighted growing acceptance, with more businesses now accepting FLOKI as payment. Floki aims to expand its ecosystem through partnerships, new projects, and a DeFi platform. Floki joined an exclusive discussion with BNB Chain on July 5th, 2024. The meeting highlighted the dynamic landscape of meme coins and their growing influence. This event brought together key players in the crypto world to shed light on Floki’s strategic choices, the factors driving memecoin success, and what the future holds for…

Bankrupt lending platform Celsius has filed a lawsuit against Tether seeking 39,542 BTC. Table of Contents Tether’s response What happened to the loan? How did Celsius go bankrupt? Celsius CEO blames prosecutors for collapse What’s next? According to the lawsuit, the amount was collateral for a loan from the issuer of the Tether (USDT) stablecoin. Tether requested more collateral after the price of Bitcoin (BTC) dropped in early 2022. Celsius granted Tether‘s request, but the collateral was again threatened. The lawsuit says that while the lending platform was raising funds during the period specified in the contract, the USDT issuer…

Bitcoin price extended its losses and traded below the $64,500 level. BTC is correcting losses, but the bears are still in control and aim for more losses. Bitcoin remained in a bearish zone and traded below $64,500. The price is trading below $65,500 and the 100 hourly Simple moving average. There is a connecting trend line forming with resistance at $65,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains at risk of more downsides below the $64,000 support zone. Bitcoin Price Dips Further Bitcoin price remained in a bearish zone after it settled…

Revolutionizing Data Indexing for the IOTA Developer Ecosystem TL;DR:Goldsky has integrated IOTA EVM, simplifying access to data, enabling real-time analytics, and powering applications. This integration eliminates the need for manual subgraph-based indexing infrastructure, allowing developers to focus on building, not wrangling with blockchain data infrastructure. Goldsky’s product suite enhances data accessibility, enabling efficient and cost-effective development on IOTA EVM. The success of any decentralized application depends on fast and accurate data. Enabling this across the full set of data – transactions, addresses, tokens, blocks, smart contracts, and more – is complicated, and takes a lot of work. The infrastructure involved…

The U.S. Securities and Exchange Commission (SEC) has reached out to several leading venture capital (VC) firms regarding their relationships with Uniswap Labs, the operator of decentralized cryptocurrency exchange Uniswap. Notable VC firms such as Andreessen Horowitz and Union Square Ventures have received investigations from the SEC, according to multiple sources familiar with the matter. The scrutiny comes as Uniswap Labs, which has raised over $170 million in venture funding, faces increased regulatory attention. The company’s last funding round, which closed in late 2022, valued the firm at around $1.7 billion. Earlier this year, Uniswap Labs received a Wells Notice…

Over the past few days, the ETF holdings in the Bitcoin market have changed quite dramatically, as the largest reduction in Bitcoin reserves is seen in several major funds. Nine major ETF lowered 2,824 BTC: According to Lookonchain, the latest report shows that the total value of Bitcoin holdings of nine major ETFs dropped $182.6m because of losing 2,824 BTC. The trend reflects a larger sense of institutional caution as the market shifts. Fidelity’s Wise Origin Bitcoin Fund, one of the hardest-hit funds, saw a 13.71% decrease, selling 1,377 BTC for approximately $89.06 million. This tweak takes their total holdings…

Meme cryptocurrencies on Solana (SOL) and Base (BASE) blockchains are yet again among the top performing cryptos. While overall market sentiment is apathetic, both categories managed to register double-digit increases thanks to low-cap assets rallying. Meme coins on Base (BASE), Solana (SOL) posting double-digit gains: See best performers In the last 24 hours, meme cryptocurrencies on Base (BASE) and Solana (SOL), two mainstream blockchains, demonstrated solid gains. Despite an almost stable market, both categories increased their aggregated cap by over 13% each. Amid dozens of tracked categories, Base (BASE) meme coins represent the third-fastest-growing category, surpassed only by modular blockchains…

Coinbase once again came out swinging Monday against the U.S. Securities and Exchange Commission (SEC’s) yearslong attempt to expand a bureaucratic definition of the word “exchange,” which if successful would bring the DeFi ecosystem firmly under the regulator’s purview. In an eight-page comment submitted to the SEC on Monday, Coinbase Chief Legal Office Paul Grewal chastised the potential rule change as “arbitrary” and “irrational” in several respects, and urged the agency to “abandon its effort” to apply the proposed rule to decentralized exchanges (DEXs). Fundamental to Coinbase’s argument against the change is the SEC’s continued refusal to concede that DEXs—which…