Author: NBTC

In a significant development for decentralized finance (DeFi), BitLen Finance has officially launched on Core, signaling a new chapter for liquidity solutions in the cryptocurrency landscape. BitLen Finance, known for its pioneering approach to liquidity provision, aims to transform the DeFi space by facilitating seamless access not only for individual DeFi participants but also for decentralized applications (dApps) through its innovative “Liquidity Hooks.” Pioneering Liquidity Solutions BitLen Finance was made to act as the bottom of the liquidity layer for dApps, such as high-yield lending and borrowing, and diversified yield strategies. Unique in the highly competitive DeFi market, BitLen utilizes…

Leading Ethereum developer Consensys announced late Tuesday that the U.S. Securities and Exchange Commission is “closing its investigation” into the cryptocurrency. “Today we’re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,” the company posted on Twitter. “This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.” After the SEC approved Ethereum spot ETFs last month, Consensys said it sent a letter to the SEC noting that the funds “were…

The altcoin bull market of 2024 is lagging, as most assets lag behind Bitcoin (BTC)’s growth. The mix of old and new tokens was expected to dominate the market. One reason for the subdued market may be earlier VC (Venture Capital) funding, which pressured the price. A MAJOR fundamental flaw in crypto is starting to emerge.It’s the #1 reason why altcoins are underperforming this cycle.And currently, there seems to be no fix.I just dug through all the data (what I found was shocking).🧵: How altcoin dispersion is killing crypto.👇 — Miles Deutscher (@milesdeutscher) June 18, 2024 VC funding resulted in…

During a recent appearance on the Thinking Crypto podcast, Cardano founder Charles Hoskinson suggested that Tesla CEO Elon Musk routinely promotes Dogecoin on his social media profile due to owning a large portion of its supply. At the same time, he does not rule out that the controversial entrepreneur might simply like the cryptocurrency logo: “He’s a legendary entrepreneur, and no one can challenge…He’s a magical guy. He’s really like a sphinx. Hard to understand his motivations and understand why he does what he does. Why does he have this bizarre fetish for Dogecoin? Is that he owns 20% of…

Google Cloud has recently allowed the Tezos Foundation to create a safe, global mirror image of the original Tezos blockchain technology. The standard SDK tools of Google Cloud smoothly performed this strategic implementation across different continents, greatly enhancing the challenges of protecting the blockchain’s stability and security. The Tezos Foundation was ready to deploy new archive nodes in new geographies shortly after leveraging Google Cloud infrastructure. They created these large nodes, each containing more than 1TB of data, in just two hours. Additionally, using the Cloud SDK command-line tools, they also implemented a snapshot service within three days. This swift…

Bitcoin, which failed in its attempts to exceed $ 70,000 and moved around $ 68,000, continues to show bullish signals. At this point, while many analysts stated that on-chain data gave a bullish signal for BTC, another bullish comment came from the famous analyst Willy Woo. Stating that Bitcoin has been going through a consolidation phase for about 2.5 months, Willy Woo said that there is a huge upward demand for BTC. According to Woo, this period of consolidation shows that Bitcoin price has more room to rise before reaching its peak. Woo also pointed out that the Bitcoin network…

VanEck head of digital assets research Matthew Sigel believes financial institutions are gearing up for the imminent launch of spot Ethereum (ETH) exchange-traded funds (ETFs) in the US despite the funds pending regulatory approval. Sigel said in a social media post on June 18 that hedge funds are strategically positioning themselves as they actively anticipate the ETFs will be approved. He added that data from K33 Research indicates a significant rise in inflows to Ether exchange-traded products (ETPs) outside the US markets, which suggests that large investors are preparing for the regulatory green light for the spot Ethereum ETFs. According…

Key Points: Brandon Gath of Kraken Ventures asserts a rebound in cryptocurrency and Web3 startup valuations after recent declines. Kraken Ventures plans to raise $100 million for its second fund, which will focus 80% on equity and 20% on tokens. Brandon Gath, managing director of Kraken Ventures, one of the largest enterprise cryptocurrency and blockchain venture capital firms, has pegged a market rebound from its previous dives. According to Global Corporate Venturing, funding and valuations for cryptocurrency and Web3 startups have soured significantly over the past 18 months. However, Gath believes that the market has already turned around. Of Kraken…

An investigation by Bubblemaps recently identified substantial insider trader activity related to Andrew Tate’s token DADDY. Insiders reportedly acquired 30% of the token’s supply at its inception, before Tate’s promotion on social media platforms. These insiders allegedly hold over $45 million worth of $DADDY currently. Following the publication, Tate blocked Bubblemaps on X. The DADDY deployer address sent 40% of the token to Andrew Tate, who bought $10,000 from the asset and burned it. However, the supply sent by the deployer address is still in his possession. Furthermore, although Tate said he wasn’t selling any of his tokens and stuck…

U.S. Congressman Ro Khanna, representing California’s 17th congressional district, is set to host a Bitcoin and blockchain roundtable in Washington D.C. in early July, according to a private email sent by Khanna’s Office, seen by Bitcoin Magazine. Khanna’s Office described the upcoming meeting as “the most significant meeting between policymakers and innovation leaders in blockchain to date.” The roundtable is expected to feature officials from the Biden Administration, House, and Senate, alongside American businessman Mark Cuban, according to the email. The primary objective of this meeting is to strategize on how to keep “Bitcoin and blockchain innovation in the United…