Author: NBTC

A new meme token move has come from VanEck, one of the leading investment managers. At this point, VanEck announced that it was launching a meme token index and included the largest meme tokens in this index. These meme tokens included Dogecoin (DOGE), Shiba Inu (SHIB), Floki Inu (FLOKI), PEPE, Dogwifhat (WIF) and BONK. While VanEck Digital Assets Research Head Matthew Siegel announced this news on his X account, he warned his customers that these cryptocurrencies are for entertainment purposes. “MarketVector has launched the Meme Coin Index (MEMECOIN). This index is a modified market cap-weighted index that tracks the performance…

Creditcoin, a leading blockchain platform that facilitates the connection of global borrowers, lenders, and investors, has announced a strategic partnership with Plume Network, a modular Layer 2 blockchain focused on the integration of real-world assets (RWAs) with digital finance. This collaboration aims to enhance the tokenization of RWAs and streamline compliance operations by working closely with regulators, thereby bridging the gap between traditional finance and Web3 ecosystems. Plume Network’s dedication to bringing traditional and digital asset markets together complements Creditcoin’s mission to enhance financial inclusion by providing secure, on-chain credit records. These records demonstrate the creditworthiness of users, many of…

The highly anticipated Bitcoin halving has arrived, and the Bitcoin faithful cheered the event, with many declaring a new era in Bitcoin—particularly as the new Runes protocol came online as well. Anticipation around the halving has steadily grown since the start of the new year. In January, after the SEC approved the first set of Bitcoin ETFs, fuel was added to the fire, and investors began speculating what the fourth halving would mean for the price of the number one cryptocurrency. Heading into the halving, sentiment around Bitcoin was high, with a 47% positive rating, according to analytics site LunarCrush.…

There is visible growth among some of the most prominent sectors of the crypto ecosystem, however, decentralized finance (DeFi) seems to be lagging. Observing this anomaly, Patrick Hansen, Circle’s Senior Policy Director for Europe, advocated that the sector needs a complete overhaul. DeFi hiccup in spotlight According to the observation from Hansen, the DeFi Total Value Locked (TVL) has remained at the same level it was at over three years ago. According to Hansen, this metric is even less than half of what it is if the Liquid Staking capital lockup is excluded. DeFi needs a new wave of innovation…

Vanguard and BlackRock have increased their stakes in MicroStrategy holdings (MSTR) on May 10. Vanguard holds 1.6 million shares of MSTR worth $2.6 billion as of the end of the first quarter, up from 1.2 million shares worth $727.6 million at the end of December 2023. BlackRock now holds 1.2 million shares worth $2.1 billion, up from 1.0 million shares worth $646.4 million at the end of the last quarter. Numerous other companies have also invested in MSTR, which provides exposure to Bitcoin through its own Bitcoin investments. Data from Fintel indicates that at least 750 firms have invested in…

A man claiming to have no hands started a live Twitch stream encouraging crypto users to invest in his Solana meme coin last weekend—because without hands, so he claimed, he was incapable of rug pulling the project and bailing with the proceeds. “I don’t have hands, I cannot rug you guys, chill,” the dev’s Twitch channel, NoHandsNoRug, proclaimed heavy-handedly. Can you guess what happened just three minutes into the stream? According to several attendees of the livestream, which occurred on Sunday, the coin, HANDS, began accumulating liquidity. That is, until the coin’s apparent creator, standing in a bedroom with a…

On Tuesday, bitcoin mining company Bitfarms, listed on the Nasdaq and Toronto Stock Exchange (TSX), announced it has secured an additional 100 megawatts (MW) of power from Paraguay’s state-owned utility firm, ANDE. The 100 MW is anticipated to double the capacity of the hydro-powered Yguazu site and should be fully operational by 2025. Bitfarms to Double Yguazu Bitcoin Mining Site Capacity Bitfarms (TSX: BITF) has acquired an extra 100 MW of capacity for its hydro-powered Yguazu facility in Paraguay. According to the company, this hydropower will generate low-cost electricity at $0.039 per kilowatt-hour (kWh) without being subject to inflationary increases.…

The emergence of various blockchain scaling solutions has sparked discussions about the differences and roles of Layer 1, Layer 2, Layer 3, parachains, and sidechains in the evolving crypto ecosystem. Understanding these concepts is crucial for developers, investors, and users navigating the complex landscape of blockchain technologies – but it’s not always very clear which is which and why we need so many different types. Layer 1 blockchains, such as Bitcoin, Ethereum, BNB Chain, and Solana, form the foundational architecture of a blockchain network. These base layer protocols handle the execution, data availability, and consensus aspects of the network, validating…

The much-anticipated Bitcoin halving was completed late on Friday, April 19, 2024. Early reactions followed the landmark event, including changes in the average block revenue and fee reward on the Bitcoin network. In a recent post on X, renowned Chinese crypto journalist Colin Wu highlighted visible changes since the Bitcoin halving completed at block height 840,000. According to Wu, data from OKLink revealed that due to Runes minting, the average revenue per block on the Bitcoin network reached 21.74 BTC. According to OKLink, due to rune minting, in the 15 blocks since the Bitcoin block height 840000 completed the halving…

Alchemy Pay, a leading payment gateway, has announced a strategic partnership with Lido, the decentralized staking protocol. This collaboration marks a significant step in bridging traditional finance with the decentralized finance (DeFi) sector by providing a fiat on-ramp for Lido’s stETH token. Through this integration, users worldwide can now easily purchase and sell stETH using their preferred payment methods and local fiat currencies. The partnership is designed to enhance the overall user experience by integrating Alchemy Pay’s efficient on and off-ramp services within Lido’s ecosystem. This allows for seamless transactions and improves accessibility to stETH, the liquid variant of staked…