Author: NBTC

SkyBridge Capital founder Anthony Scaramucci says Bitcoin (BTC) is on track to soar more than 200% within 12 months. In a new interview on CNBC Squawk Box, the hedge fund veteran says that the expected continual adoption of Bitcoin will keep driving the value higher and reduce price volatility. “I wish I could understand the price moves myself. Where I’m coming from is a little bit of longer-term as opposed to just the week-to-week or day-to-day price movements. I think the point I’m trying to make is that Bitcoin is on that adoption curve. If you go back to Web…

In a groundbreaking development for decentralized finance (DeFi) on the Bitcoin blockchain, Velar, a leading Bitcoin DeFi innovator, has announced a strategic partnership with Bitlayer. Together, they are launching Velar Artha, the world’s first Perpetual Decentralized Exchange (PerpDex) on Bitlayer’s EVM-compatible Bitcoin Layer 2. This pioneering PerpDex will enable the trading of a variety of assets through perpetual contracts directly on the Bitcoin blockchain, bringing unprecedented opportunities for traders. The new platform ensures the highest levels of security and full decentralization for all transactions, leveraging Bitcoin’s robust infrastructure. A New Era for Bitcoin DeFi The partnership marks Velar’s first venture…

The previous week, wallets using Solana non-fungible tokens saw a price surge. This increase in activity is a tangible reflection of the huge popularity and growing participation in the Solana NFT system. Solana is one of the top-notch non-fungible token platforms, followed by Bitcoin and Ethereum. The Solana nonfungible token has eventually become a stupendous hit among first-time users. Top NFT collections drive the price in Solana NFT collections, with an appreciation rate of 4% punctuating this. Solana’s non-fungible token volumes have increased slightly, positioning them as market leaders in NFT collections. On May 15, however, their price tag increased…

As May approaches its end, a significant number of market watchers are keen to find out whether the U.S. Securities and Exchange Commission (SEC) will approve a spot ethereum exchange-traded fund (ETF). Although Grayscale retracted its plan to convert its Ethereum Trust into a publicly traded ETF, the fund’s discount to net asset value (NAV) currently sits at a 23.78% discount. Grayscale Ethereum Trust Continues to Trade at Steep Discount When Grayscale transitioned its Bitcoin Trust (GBTC) from an over-the-counter (OTC) traded entity to a publicly traded ETF, the discount on NAV reduced and stabilized after previously dropping to 40%…

Baltimore-based Morgan State University has received a $1.05 million grant from Ripple, according to a Tuesday announcement. The investment will further contribute to the development of the university’s National FinTech Center. The center has emerged as a hub for blockchain research, allowing students to develop their skills in such areas as digital assets, blockchain, payment systems, and so on. The latest investment from Ripple will make it possible for MSU to be “at the forefront” of the ongoing “fintech revolution,” according to Ali Emdad, the center’s founding director. Ripple initially forged a partnership with MSU back in February 2019, promising…

Data shows the most resilient Shiba Inu holders command an astonishing ROI of 1,865,428% today compared to risk-averse savings account holders. Shiba Inu remains a widely followed cryptocurrency, with its holders numbering in the millions—surpassing the population of over 105 cities in the United States separately. SHIB gained prominence amid its meme-inspired origin, generating significant profits for hold. However, during market downturns, meme cryptocurrencies such as Shiba Inu tend to experience sharper declines than other crypto asset classes. For instance, the seventh largest crypto XRP crashed 10% from $0.53 to $0.48 between April 21 and May 1. During the same…

PancakeSwap has initiated a campaign to reimburse traders for interface fees incurred by its competitor Uniswap from May 16 to Aug. 15. The initiative promises refunds for traders who match trading volume on Uniswap v3 with PancakeSwap v3 on a 1:1 basis. The reimbursement offer follows Uniswap Labs’ decision to increase its interface fee from 0.15% to 0.25% on most swaps in April. The interface fees are applied when traders use Uniswap’s wallet interface and web app to execute token swaps. Get Your Uniswap Interface Fees Refunded on PancakeSwap, up to $8M!Match your Ethereum Uniswap volume 1:1 on Ethereum PancakeSwap,…

Founder of the largest cryptocurrency exchange and its former chief executive who had to step down recently, Changpeng Zhao (also widely known as CZ), has posted on the Twitter/X social media platform to answer an important question about the approaching Bitcoin halving. This fundamental for any crypto user event is to take place later this week. The much-anticipated halving will reduce the block award once again, adding more scarcity to the global flagship cryptocurrency. CZ issues important Bitcoin halving post Changpeng Zhao quoted his earlier tweet published in October last year, in which he said that a page on Bitcoin…

Ethereum is the largest proof-of-stake network by market cap. Currently, 32.5 million ($99 billion) ETH has been staked, and the amount of staked ETH has grown by 78% since Ethereum’s Shanghai Upgrade in April 2023. Despite the impressive growth, only 27% of the ETH in circulation has been staked. Comparatively, other proof-of-stake networks such as Solana, Cardano, SUI, Avalanche and Aptos have a much higher staking ratio, between 48%-81%. In other words, staking on Ethereum can grow larger, potentially fueled by the adoption of Liquid Staking or Liquid Restaking Tokens on Layer 2 networks and DeFi protocols. You’re reading Crypto…

Traders who were fortunate enough to have bought in early on the latest meme stock craze are making away with huge gains. Unusual Whales, which tracks trading data, posted on Twitter the activity of one trader who invested $27,000 in call contracts on April 24 when they were priced at $0.21 a pop. The contracts then peaked at $13.63, meaning the investment would have reaped gains of 6,400%—turning $27,000 into $2 million, according to the firm. Holy, this trader turned thousands into millions with GameStop, $GME. This $GME trader got $25 call contracts expiring 05/17/2024 at an average of $0.21,…