Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Open Interest for Shiba Inu Soars on Bitget, Huobi, OKX After 9.75% Gain

AltcoinsJun 11

Shiba Inu has seen notable upswings in Open Interest on top exchanges today after rallying 9.75% in the last 24 hours. Earlier today, Shiba Inu momentarily flashed signs of recovery from the recent landslide dip by rallying to a high of $0.00002296. This figure marked a 9.75% gain from the low of $0.00002092 SHIB recorded yesterday, April 16. The increase in Shiba Inu’s value mirrors a gradual resurgence of investor interest in the asset after the Saturday restest of the $0.000018 range. According to insights from Coinlyze, there has been a significant rise in Open Interest (OI) for Shiba Inu…

Fidelity Investment Officer Talked About Bitcoin – “Even a Small Share…”

BitcoinJun 11

At the 2024 Vision conference, a cryptocurrency investment conference for advisors hosted by the Digital Assets Council of Financial Professionals, Matt Horne, head of digital asset strategies at Fidelity Digital Assets, advocated for a small allocation to Bitcoin in investment portfolios. Horne suggested that some investors may be overcomplicating their approach to Bitcoin. He argued that regardless of an investor's specific thesis on BTC, a small portfolio allocation is likely appropriate. “You can have more than one investment thesis on Bitcoin, and that's okay,” Horne said. He added that most investors are saving money to achieve a long-term goal such…

Ontology Launches $10 Million Initiative to Fuel Decentralized Identity Innovation and Adoption

AltcoinsJun 11

Ontology, a leading public blockchain, has announced a $10 million fund, designated in ONT & ONG tokens, to accelerate the adoption, education, and development of decentralized identity (DID) solutions. This initiative is tailored to catalyze innovation across four critical areas: DID Education, ONT ID Technical Tutorials, ONT ID Adoption, and Building with ONT ID, ensuring a robust ecosystem for users, developers, and businesses alike. Ontology’s Pioneering Journey in Decentralized Identity It’s crucial to highlight Ontology’s longstanding commitment to the DID field. With over six years in operation, Ontology has been at the forefront of DID technology, marking significant milestones that…

BTC Bulls Target Upper Resistance Aiming for New Highs

BitcoinJun 11

Bitcoin, priced at $70,875, has exhibited strong bullish trends within the last 24 hours, with intraday prices ranging from $68,819 to $71,339. The cryptocurrency boasts a market capitalization of $1.39 trillion and a 24-hour trade volume of $37.14 billion. Analyzing the 1-hour, 4-hour, and daily charts alongside oscillators and moving averages indicates continued positive momentum, albeit with some consolidation. Bitcoin Bitcoin’s 1-hour chart displays a strong upward movement, with prices advancing from around $68,553 to $71,339 before entering a consolidation phase. The increasing volume during the ascent suggests strong buying interest. However, the volume tapers off during consolidation, indicating a…

Xai Expands to Staking Rewards

AltcoinsJun 11

Xai, a popular Ethereum layer-3 gaming network built with Arbitrum, announced the launch of its new staking pools on April 16, 2024. These pools pave the way for greater collaborative efforts between core stakeholders and enable third-party rewards within the Xai ecosystem. Sentry Key and esXAI: the Core of XAI’s Staking Pool Staking pools often become hubs for innovation, driving the creation of games, non-fungible token (NFT) drops, and other exciting projects. Xai aims to leverage staking for sustained growth and a more robust gaming environment. “The design of the staking mechanism within the Xai ecosystem is centered around fostering…

Key Reasons Why Bitcoin (BTC) Topped $71,000: Details

BitcoinJun 11

Bitcoin, the first and largest cryptocurrency by market cap surged past the $71,000 mark, showcasing gains for the fifth consecutive day. This uptrend mirrors the growing optimism on global markets, fueled by the anticipation of potential Federal Reserve interest rate cuts within the year. Bitcoin's current streak of daily gains is the longest in three months. At the time of writing, BTC was up 3.36% in the last 24 hours to $70,951, just 3.73% shy of its record high of $73,750 set in mid-March. Bitcoin began to rebound after reaching a low of $69,024 on May 31 and has spent…

ZyFi Fuels PancakeSwap: A Mouthwatering DeFi Experience

DeFiJun 11

PancakeSwap a well-known decentralized exchange(DEX) is recognized for its user-friendly interface and array of tokens, it has been cooking up an exciting new element for its DEFI recipe, Zyfi. The coming together of these two platforms is just like adding a spice that supports the flavor for users. In the course of our discussion, we will take a look at what this partnership brings to the table. PancakeSwap: The Defi Diner Just imagine a busy marketplace where you can sell or trade cryptocurrencies directly without the aid of a centralized authority. That’s one of the main reasons for PancakeSwap. It…

Parcl protocol on Solana lost 40% TVL following airdrop

AltcoinsJun 11

The Parcl protocol on Solana lost 40% of the total value locked after airdropping the PRCL token. According to data from DefiLlama, users withdrew more than 40% of the total value locked (TVL) from the betting platform for the real estate market Parcl. Source: DefiLlama The snapshot was intended for an airdrop that took place on April 15. However, against the backdrop of his implementation, the TVL of the Solana-based project collapsed from $185.6 million to $109 million. The Parcl team noted that it had fined the addresses of users it suspected of being involved in the Sybil attack. A…

Second Record Reached in US Bitcoin ETFs! The Highest Daily Entry Has Been Experienced Since March!

BitcoinJun 11

US spot Bitcoin exchange-traded funds (ETFs) experienced a significant increase in daily net inflows, generating inflows of $886.75 million. US Spot Bitcoin ETFs See Second Highest Daily Net Inflows at $887 Million This marks the second-highest single-day inflow since these funds listed; The highest record was $1.05 billion on March 12. The bulk of Tuesday's inflows came from Fidelity's FBTC, which added $379 million. BlackRock's IBIT followed with net inflows of $274 million, according to SoSoValue data. Overall, cumulative total net inflows for spot Bitcoin ETFs currently stand at $14.85 billion. Other notable participants include Ark Invest and 21Shares' ARKB,…

Top DeFi Projects by TVL

DeFiJun 11

Key Takeaways: Total value locked (TVL) measures the money deposited in a DeFi protocol by its users. A high TVL indicates a popular and trusted project, while a decline in TVL could indicate a troubled company. For a comprehensive investor analysis of DeFi projects, combine TVL with other key metrics, such as daily active users, revenues/fees, market cap, and token price. (Read our guide.) One of the best ways to find great crypto companies is to measure Total Value Locked, or TVL. Not all projects have Total Value Locked: only those with the ability for users to store money in…