Author: NBTC

INX and Backed are adding tokenized Tesla, Microsoft, Google, and GameStop stocks to their platform. INX will launch its first tokenized ETF, the S&P 500 ETF, along with tokenized Apple stock in two weeks. INX and Backed are expanding their tokenized stock offerings on the INX platform for eligible non-US users. Following the launch of tokenized Nvidia shares, the companies are adding tokenized Tesla (bTSLA), Microsoft (bMSFT), Google (bGOOGL), and GameStop (bGME) stocks. Moreover, INX will launch its first tokenized ETF, the S&P 500 ETF (bCSPX), along with tokenized Apple (bAAPL) and BlackRock’s iShares Treasury (bIB01) ETF in two weeks.…

Bitcoin (BTC) briefly crossed the $70,000 mark on Monday morning before dumping to $66,000, but analysts at the crypto exchange Bitfinex say the leading digital asset may pull back even more in the coming days. According to the latest Bitfinex Alpha report, bitcoin’s possible decline may be caused by significant downward pressure on implied volatility in the options market. The State of Bitcoin’s Options Market After United States President Joe Biden dropped out of the 2024 presidential race a week ago, volatility returned to the crypto market, with implied volatility in BTC options contracts surging to a four-month high of…

Early efforts on the Solana blockchain to develop a framework for “restaking” – a way of securing new protocols and applications without having to spin up additional validator networks – appear to be gaining traction. Jito Labs, a developer of infrastructure tools for Solana, has yet to launch its planned restaking effort on mainnet. But the mere prospect of this potentially lucrative greenfield is already attracting launch partners. Liquid restaking protocol Renzo, known primarily for its work on Ethereum-based restaking projects including EigenLayer and Symbiotic, disclosed Wednesday that it’s preparing to launch a SOL derivative token, called ezSOL, that offers…

Kraken has officially completed its acquisition of Coin Meester B.V. (BCM), one of the Netherlands’ most established crypto brokers. With this, Kraken tightens its grip further on the Dutch market and boosts its operations in Europe, what with the upcoming Markets in Crypto-Assets Regulation (MiCA). BCM’s integration will expand Kraken’s ability to operate as a registered Virtual Asset Service Provider (VASP) in France and Poland. The company can now offer VASP services across Germany, Spain, Italy, the Netherlands, Belgium, and Ireland too. The European market is notorious for being highly fragmented. Rising operational costs and increased competition are expected to…

Prominent American television host Bill Maher recently took aim at the perceived wastefulness of cryptocurrency mining during the latest episode of “Real Time with Bill Maher.” “There’s the other big secret about crypto that nobody talks about…All the progress that we’re making with green energy is being sucked away by crypto,” he said. Maher has noted that crypto uses 8% of total electricity. “Their data centers, their mining, this nonsense of finding a number. I can’t even go through the whole thing,” he stressed. The US comedian has recalled that the impact of cryptocurrency mining is comparable to putting 15.7…

Ethereum cofounder Vitalik Buterin is likely stepping out of his comfort zone as he recently dug deep into one of the most common challenges of Bitcoin (BTC). The Ethereum innovator shared his recent dive into the Bitcoin block size war, a concept he labeled the one-sided competency trap. Bitcoin block size war The takes he shared on X stem from his review of two books that allegedly talked about Bitcoin block size wars. His goal is to share his understanding of the concept so users can better avoid entering into the trap. One concept I introduced in my recent review…

Sui Network’s rise in TVL to over $1 billion denotes increasing user trust in its maturing ecosystem. The turnover of AVAX by SUI in TVL images growing contest among DeFi blockchain platforms. Sui Network’s scalability and low transaction costs have contributed to its rapid adoption and TVL growth. Sui Network has surpassed Avalanche (AVAX) in Total Value Locked (TVL), breaking the $1 billion level. This development emphasizes a moment for the blockchain ecosystem as SUI boosts its position in the decentralized finance space. Sui Network’s Impressive TVL Growth SUI’s rise in TVL has represented a great achievement as the network…

Toncoin (TON), the eighth largest cryptocurrency by market ranking, has skyrocketed over 14% in the last 24 hours, pushing its market valuation to $17.92 billion. TON surged from lows of $6.40 to reach intraday highs of $7.27, extending its rebound since the week’s start. At the time of writing, TON was up 13.79% in the last 24 hours to $7.12 and up 24% weekly. The surge coincides with Telegram’s 11th anniversary, which is today, Aug. 14. The TON blockchain, which is directly linked to messaging platform Telegram, has seen significant activity as whales make big moves. The compounding effect of…

Founded in 2018, ByBit is the most popular trading platform for cryptocurrencies. It is one of the key players that entered the sphere of cryptocurrency exchange. Recently, ByBit has developed a promising program for further expanding the sphere and generating new talents. The BUIDL Apprenticeship Program is designed to give aspiring crypto marketers a chance to learn and be a part of an actual project under the supervision of professionals. We’re excited to announce the BUIDL Apprenticeship Program, designed to provide aspiring crypto marketers with hands-on experience and mentorship. If you’re a university student, fresh graduate or freelancer with a…

The cryptocurrency ecosystem, particularly Bitcoin ETF buyers, will likely experience a major boost toward the end of this year. This prediction rests on anticipation of a $5 trillion model portfolio that might be allocated to spot Bitcoin ETFs later this year. BlackRock’s bullish stance on Bitcoin According to Adam Back, Blockstream CEO, in a post on X, the market should anticipate institutional investors with huge buying power to dominate the market. With $5 trillion worth of funds, Bitcoin ETF whales are likely to invest a majority of the capital into Bitcoin acquisition and consolidating their positions. institutional ETF buying whale…