Author: NBTC

A widely followed crypto analyst is forecasting that Bitcoin (BTC) could reach a six-figure price over the coming months. The pseudonymous host of the InvestAnswers YouTube channel says in an interview that Bitcoin could skyrocket by up to 282% from the current level driven by increased demand a few months after the approval of spot Bitcoin exchange-traded funds (ETFs). According to the InvestAnswers’ host, what the institutional investors have put in in the ETFs is only a “small allocation game”, but that is about to change. “Well, the money hasn’t arrived yet, so the institutions are coming. They watched for…

The new fund backs low-volatility insurances covering properties, trucking, aviation and workers compensation, excluding catastrophic risks at the start, Re CEO Karn Saroya said in an interview. Re targets to back $200 million in insurance premiums by the end of the year, with another $3 billion in the pipeline. The firm also raised $7 million in a venture capital investment round led by Electric Capital. Re, a real-world asset (RWA) platform specializing in offering tokenized reinsurance, said Tuesday it has opened its first open-ended reinsurance fund using the Avalanche (AVAX) network. First investors of the fund include Nexus Mutual, a…

Optimism is set to release two new features to facilitate the integration of layer 3 (L3) builders into its Superchain network. The upcoming features, custom gas tokens, and Plasma Mode, are designed to streamline the onboarding process for L3s utilizing the OP Stack and to foster a collaborative environment within the Optimism ecosystem. 2 key features are coming to the OP Stack to support L3 builders: – Custom Gas Tokens– Plasma Mode — Optimism (@Optimism) May 8, 2024 According to Optimism’s blog post, projects looking to build an L3 solution can use their existing layer 2 (L2) token for gas…

A major cryptocurrency exchange with a global audience is becoming a member of an influential association of blockchain and digital asset professionals. The collaboration is set to accelerate blockchain development and adoption in the crucial EU region. Top exchange Crypto.com becomes latest member of Adan Web3 association Crypto.com, a major global cryptocurrency exchange ecosystem, is now a member of Adan, a leading association bringing together professionals in the digital asset and blockchain sector throughout France and Europe. Adan is glad to announce that @ https://t.co/VgSJCUXenl is now a member of the Association ⭐️ pic.twitter.com/6fizWhplNq — Adan (@adan_asso) May 13, 2024…

Prediction market Polymarket raised $45 million from investors including Peter Thiel’s Founders Fund and Ethereum creator Vitalik Buterin. The company is seeing brisk business in the run-up to the U.S. presidential election. Polymarket, the cryptocurrency-based prediction market platform that’s enjoying a breakout year in the run-up to the U.S. presidential election, raised $45 million in a series B funding round with a roster of big-name investors. Billionaire Peter Thiel’s Founders Fund is the lead investor, Polymarket founder Shayne Coplan told CoinDesk via Telegram message. Other participants include Ethereum creator Vitalik Buterin, 1confirmation, ParaFi and Dragonfly Capital, Coplan said. He did…

Key Takeaways: Base, an Ethereum scaling solution developed by Coinbase, is one of the fastest-growing Layer-2 networks in 2024. Popular projects on Base include Friend.tech, Farcaster, and Moonwell. While Base doesn’t have a native token, investors can get exposure through Coinbase’s $COIN stock. Layer-2 blockchains are revolutionizing crypto, improving the scalability and performance of L1s like Ethereum. Among L2 blockchains, Base leads the pack, growing rapidly due to its low cost and high speeds. (Plus, being launched at Coinbase doesn’t hurt.) Base aims to boost scalability on Ethereum, cut transaction costs, and improve user and developer experiences across decentralized applications…

Even in anything-goes crypto trading, there are conventions designed to protect the little guy. One of those is the vesting period – a window of time following a digital-token sale or airdrop where early investors, such as founders, project contributors and venture-capital backers, are locked up from dumping their allocations. Projects typically do this so that the price of that token doesn’t crash immediately after a listing, say if big stakeholders were to sell right away. Another goal is to make sure insiders and early backers keep skin in the game, an assurance of good faith, as it were. Now…

Samson Mow, the former CSO at Adam Back’s Blockstream and now the chief executive at a Bitcoin-adoption company Jan3, has published a Twitter/X post to announce that the long-anticipated fourth BTC halving has finally arrived. “Bitcoin quantitative hardening” is here Mow has referred to it as the “4th Bitcoin quantitative hardening.” Here, the influencer opposes it to quantitative easing that the US Fed Reserve has taken to quite frequently over the last few years, injecting billions and trillions of US dollars into the economy and, as many experts believe, has started to debase the US dollar. The 4th #Bitcoin Quantitative…

The first data was announced in the critical week for Bitcoin and altcoins. Although PPI data came above expectations on a monthly basis, it came in line with expectations on an annual basis. Although the BTC price experienced a momentary decrease after the data announcement, the price was not affected much. FED President Jerome Powell, the second biggest event of the week after the PPI data, started his speech at the Dutch Foreign Bankers Association panel. Here are the headlines: “The US economy is performing very well. The US economy has a very strong labor market. There are still labor…

As one of the earliest organizations working in the blockchain sector, Omnisea is on track to launch an innovative tool on the 1st of June, explaining a major event in the firm’s life. Named OSEA Drop-Staking, the new function is a turning point, as it provides a dual solution and financial opportunity for its Holders and introduces a fresh component of gamification for its creators. 🎉 Introducing: Revenue Sharing with OSEA Drop-Staking​On June 1, the most significant functionality in the history of OSEA will be unveiled. As a Launchpad, Omnisea has developed a stable revenue stream, and now we want…