Author: NBTC

In a notable development in the decentralized finance (DeFi) sector, Convex Finance has broadened its range of financial products through a new collaboration with Napier Finance. This partnership introduces a novel derivative wrapper, $cvxNPR, marking a significant expansion in Convex’s product lineup. The inclusion of Napier Finance into Convex’s ecosystem underscores a strategic alignment aimed at enriching the utility and versatility of the Convex platform. Convex will not post any links after this tweet. Links below this tweet that look like Convex are spam, fake or phishing links. Do not click any link under this tweet. pic.twitter.com/EIUcMxeu4g — Convex Finance…

Gemini says it expects spot ether ETFs to see up to $5 billion of net inflows in the first six months of trading. Ether remains undervalued relative to bitcoin, and strong inflows into the ETFs could trigger a reversal, the report said. If the ether/bitcoin ratio were to return to the median of the last three years it could rally almost 20%. Spot ether (ETH) exchange-traded funds (ETFs), once cleared for trading in the U.S., could see net inflows of as much as $5 billion in the first six months, crypto exchange Gemini said in a Monday research report. The…

Nvidia has experienced a staggering 2,782.8% increase in market capitalization over the past five years, surpassing the growth of both Bitcoin and Ethereum. According to a report by data aggregator CoinGecko, from May 7, 2019, to June 28, 2024, Nvidia’s market cap surged from $105.42 billion to $3.039 trillion. In comparison, Ethereum’s market cap grew by 2,218.3%, rising from $18.16 billion to $421.00 billion during the same period. Bitcoin, starting from a higher baseline of $103.98 billion, saw its market cap increase by 1,102.2% to reach $1.250 trillion. Among the Magnificent Seven stocks, only Nvidia outperformed both major crypto. Magnificent…

The Bank of Russia is considering approving stablecoins for cross-border trades, as local businesses explore alternative methods to conduct trade with China amid sanctions. Russia‘s central bank, the Bank of Russia, is considering the legalization of stablecoins for cross-border transactions as the sanction-torn country’s economy is seeking alternative ways to keep trading activity with China. In an interview with Russia’s state newspaper Izvestia, central bank deputy governor Alexei Guznov said the proposal is under discussion and has been formulated, adding that the eventual goal is to regulate the entire process chain that would enable individuals to “transfer these assets into…

ChromaWay, a pioneering blockchain company, has announced its inclusion in the Amazon Web Services (AWS) Partner Network, according to the latest information disclosed to Finbold on July 5. The collaboration is expected to streamline enterprise access to ChromaWay’s blockchain solutions alongside offerings from top software vendors. Enhancing ChromaWay visibility and reach By joining the AWS Partner Network, ChromaWay is able to provide its services on the AWS Marketplace. Frequented by millions of customers, the marketplace will undoubtedly improve ChromaWay’s visibility among businesses seeking blockchain solutions. The partnership thus not only elevates ChromaWay’s profile but also reinforces AWS’ dominance as the…

Analysts expect bullish rally for Bitcoin in the coming months. Bitcoin breaks the $61K resistance which had prolonged since the month’s beginning. The price of Bitcoin has kindled optimism in the market by drawing in waves of upsurge since yesterday. The leading cryptocurrency crossed over the $61K mark, revisiting its bullish trends from late April. After sustaining around the $61K-$62K range for days, the prices climbed steadily on May 15 finding support at a new weekly high of $66,677 in the early hours of May 16. The upward movement witnessed, is the first in this current month, as the market…

XRP’s price is likely to breach $3 if it follows Ethereum’s price trajectory as ETH clinches VanEck’s $22,000 price target. The current trading environment for cryptocurrencies is marked by significant volatility, with both Ethereum (ETH) and XRP experiencing significant declines. Notably, Ethereum typically moves in correlation with Bitcoin (BTC), and XRP usually follows the path set by both assets during market uptrends and downturns. With Bitcoin now trading below the psychologically significant $65,000 threshold, Ethereum has equally collapsed underneath $3,500. Similarly, XRP price trades below the $0.50 support. Due to this correlation during the market dump, experts believe all three…

The Bahamas’ central bank has indicated its intention to force all local banks to accept the country’s digital currency as its popularity slides. The Central Bank of The Bahamas plans to mandate all local banks to adopt the country’s central bank digital currency (CBDC) by 2026, Reuters has learned, citing the central bank’s governor John Rolle. Launched in 2020 to expand banking access, the so-called “Sand Dollar” will soon get a significant boost from the central bank’s initiative as “all the local banks [will need] to provide their clients with access to the central bank digital currency,” Rolle said. While…

A fraudulent crypto hedge fund owner must pay back almost $84 million to investors who fell for his Ponzi-like scheme, a US federal court ruled on Monday. The Illinois District Court ordered Sam Ikkurty and his various firms to be issued a summary judgment while dismissing Ikkurty’s own requests for summary judgment. The court wants restitution of $83,757,249 and the disgorgement of $36,967,285 that “shall be offset by any sums paid toward restitution.” Ikkurty ran Jafia LLC, Ikkurty Capital, Rose City Income Fund, Rose City Income Fund II, and Seneca Ventures. Investors were promised lucrative returns, from a 15% annual…

How could Ethereum’s first spot ETF approval drive its price to $10,000? Uncover the key elements influencing this bullish outlook. Table of Contents Ethereum ecosystem updates Ethereum gas fees and total value locked (TVL) levels What to expect next? Ethereum (ETH) is in the spotlight as the crypto world eagerly awaits the launch of the first spot ETH ETF. As of July 2, ETH is priced at $3,447, marking a 0.33% decline in the last 24 hours. ETH hit a monthly low of $3,244 on June 24. Since then, it has rebounded sharply, gaining about 6% since the low. This…