Author: NBTC

Sky, formerly MakerDAO, decided to remove the usage of Wrapped Bitcoin (WBTC) as collateral for borrowing through a governance vote concluded on Sept. 19. BA Labs, the former Risk Core Unit, was named stability advisor for the process. The entity also suggested removing WBTC as a collateral option. Starting Oct. 3, SparkLend, the money market in the Sky ecosystem, will start reducing the collateral cap for using WBTC as collateral for borrowing. Additionally, measures such as reducing the liquidation threshold and raising linear interpolation will be implemented to make WBTC vaults less attractive to users. According to the proposal, the…

The US Spot Ethereum ETF saw a $5.24 million inflow, primarily from Blackrock. Ethereum’s price of $2,542.80 indicates strong market sentiment. Ethereum itself is witnessing a bullish trend, with large wallet transfers and increased trading volumes. As of September 19, the US Spot Ethereum ETF has shown significant movement, with a daily net inflow of $5.24 million, primarily from Blackrock’s ETHA, which recorded the entire inflow. The ETF now boasts total net assets of $6.70 billion, and cumulative net inflows have reached $610.35 million. However, most competing funds saw no inflows during this period. The bullish trend in the cryptocurrency…

Blockchain infrastructure provider Blockdaemon, which powers institutional clients such as OneDegree and CoinShares, may be eyeing a public listing in 2026. Crypto infrastructure provider Blockdaemon, backed by Goldman Sachs, SoftBank, and Kraken, among others, is weighing in on going public in 2026. In an interview with Bloomberg, the company’s founder and chief executive Konstantin Richter indicated that the company, currently valued at around $3.3 billion, would assess market conditions in 2025 before making a decision. Founded in 2017, Blockdaemon has built a client base of over 400 institutional customers. In September 2021, the company secured $155 million in a Series…

Shiba Inu could set an unprecedented history and eliminate two more zeros in the scenario where its market cap expands to the size of Tesla. Shiba Inu has primarily been at the receiving end of the crypto market’s bearish sentiment in recent days. The meme coin hit a new daily low of $0.00001295, declining further by 3.3%. At press time, Shiba Inu has managed to reclaim the $0.000013 price level, stabilizing around $0.00001325. This represents a significant 30% drop from its higher value just a month ago. Before now, Shiba Inu ranked among the best-performing crypto assets in the bull…

The final event of the America Loves Crypto tour took place yesterday in Washington, D.C. as the country counts down to the 2024 election. Speakers including Coinbase CEO Brian Armstrong, ConSensys CEO Joseph Lubin, and Congressman Wiley Nickel (D-NC) addressed the maximum capacity crowd at the Black Cat music venue. The speakers largely agreed on one idea: the importance of supporting cryptocurrency in America through a concerted bi-partisan effort. In their shared stage appearance, Brian Armstrong and Congressman Nickel noted that they see it as critical to keep and foster cryptocurrency innovation in America. This importance, for Nickel in particular,…

Commerzbank will provide custody services and the Deutsche Boerse subsidiary will enable trading of digital assets for German corporate clients. The service will focus on the trading of bitcoin and ether, the companies said. Crypto Finance, a subsidiary of Germany’s largest stock exchange operator, signed a deal with Commerzbank (CBK) to offer trading services to the lender’s corporate clients just two weeks after reaching a similar agreement with Zürcher Kantonalbank (ZKB) in Switzerland Commerzbank, the country’s second-largest bank by number of branches, will provide custody services, the companies said in a press release on Thursday. The trading service offered by…

Nimble Network has recently announced a new partnership with Artela, a next-generation blockchain platform. This partnership aims to enhance the capabilities of Nimble Network’s AI agents. The news was posted on the official account of Nimble Network on X with the concern of innovation. The partnership shows their commitment to driving innovation in the AI and blockchain space. We’re excited to announce our latest partnership with @Artela_Network, an extensible L1 blockchain featuring parallel execution and interoperable VMs!Artela is pioneering an innovative EVM++ pattern, enabling modular, customizable, and scalable dApps.Through this partnership,… pic.twitter.com/zhZ1GbDJ49 — Nimble Network (@Nimble_Network) September 19, 2024 Nimble…

A prominent crypto analyst believes that Bitcoin (BTC) is gearing up for a parabolic rally in the current bull market cycle. In a new strategy session, pseudonymous crypto trader Kaleo tells his 642,800 followers on the social media platform X that based on historic precedence Bitcoin could soon enter price discovery. Crypto traders and analysts refer to price discovery as a situation where a coin trades at levels never seen before in its history. “Since the 2012 halving, Bitcoin is up more than 500,000% from $12 to nearly $70,000. The majority of that price discovery happened in three windows that…

Sky, a decentralized finance protocol rebranded from MakerDAO, is set to utilize Wormhole’s technology to bring its native tokens to Solana, enhancing its multichain capabilities. Wormhole (W)’s native token transfer framework, or NTT, allows for seamless cross-blockchain transfers of native tokens without altering their intrinsic properties. Other protocols like Lido, Jito, and ether.fi have also adopted NTT for multichain token transfers. You might also like: MakerDAO rebrands to Sky, introduces SKY and USDS tokens Natively multichain token transfers According to details in a blog post, Sky will use NTT to bridge its governance token SKY and stablecoin USDS to the…

Este artículo también está disponible en español. According to Steno Research, Ethereum’s (ETH) days of underperformance against the wider crypto market might be numbered following the US Federal Reserve’s (Fed) decision to cut interest rates. It’s Time For Ethereum To Shine Again Regarding price appreciation, ETH hasn’t had a particularly impressive 2024. While Bitcoin (BTC) and altcoins like Solana (SOL) and Tron (TRX) have witnessed considerable price gains, ETH is still trading at its January 2024 price levels. Notably, the second largest digital asset by market cap has tumbled 48% against Bitcoin since the Ethereum merged on September 15, 2022.…