Author: NBTC

Samson Mow, former CSO at Blockstream and now chief executive officer at Jan3, has taken to the Twitter/X social media platform to share his thoughts on the recent address of his former boss Adam Back to Roger Ver. These are two famous figures in the Bitcoin space. Back is a “Satoshi candidate” – a cypherpunk and cryptographer who corresponded with Satoshi Nakamoto before Bitcoin was launched. Roger Ver used to be an early Bitcoin evangelist who was called “Bitcoin Jesus” but he later got disappointed in BTC and switched to advocating Bitcoin Cash (BCH). Recently, Ver has co-authored a book…

Lending application Zest Protocol has officially launched its first lending markets on Bitcoin’s (BTC) layer-2 (L2) platform Stacks, allowing BTC holders to participate in on-chain money markets. This development comes ahead of Stacks’ Nakamoto upgrade, set to boost the Bitcoin finance (BTCfi) ecosystem built using its infrastructure. “A resilient capital market will be a major factor in Bitcoin reaching the next billion users,” said Muneeb Ali, co-founder and CEO of Trust Machines, who incubated Zest Protocol in its early stage. “The team at Zest is mission-driven to make Bitcoin a truly viable global reserve asset in the next decade. This…

Binance Margin, the margin trading platform of leading cryptocurrency exchange Binance, announced that it has significantly expanded its asset offerings. Binance Margin Expands Offerings with ASR, ATM, FIO, JUV, WAN and More BTC, FDUSD and USDC Pairs Binance Margin introduced many new features in its latest update, including AS Roma Fan Token (ASR), Atletico de Madrid Fan Token (ATM), FIO Protocol (FIO), Juventus Fan Token (JUV) and Wanchain (WAN). added the asset as loanable and collateral assets in both Cross and Isolated Margin. Additionally, the platform introduced new trading pairs in Bitcoin (BTC), FDUSD and USDC, available on Cross and…

Popular liquid staking platform Ether.fi has maintained its lead as the top platform in the sector, with over $3.74 billion in total value locked (TVL). According to data from the block, the platform is managing over 1.03 million ETH, significantly higher than its competitors. The closest to this is the Renzo protocol, which manages $2.9 billion in user deposits as of April 9—a hefty difference. The liquid restaking sector has witnessed massive growth over the past months. The surge has been primarily attributed to deposits on the EigenLayer protocol. Ether.fi alone has received more than $1.5 billion worth of deposits…

The BOJ hiked the benchmark borrowing cost by 10 basis points, abandoning the prolonged negative interest rate policy. Bitcoin extended losses following the rate hike even as the yen remained under pressure. The new title=”Bitcoin Price | BTC Price Index and Live Chart – CoinDesk”>(BTC), the leading cryptocurrency by market value and a macro asset, extended losses following the BOJ’s rate decision, falling to under $63,000 during European trading hours. Bitcoin started falling on Monday amid reports of a slowdown in inflows into the U.S.-listed spot exchange-traded funds (ETFs). Traditional markets, however, held relatively steady, with Japan’s Nikkei index paring…

The biggest winner from MarginFi’s leadership shakeup seems to be Solend, with $17 million in deposits in the last 24 hours and token rising 37%. Kamino, another competitor, also saw $81 million in new deposits. MarginFi is still Solana’s second-largest borrow and lend service and fifth-largest DeFi protocol by TVL despite seeing a 31% deposit exodus in a single day. Wednesday’s leadership chaos at MarginFi sparked an exodus of $200 million in crypto capital from the borrow-and-lend service. Rather than staying on the sidelines, those coins are now flowing into competing platforms on the Solana blockchain. The biggest winner appears…

Bybit has introduced an advancement aimed at enhancing the user experience for crypto purchases. Through the integration of Google Pay, Bybit is facilitating a streamlined approach to crypto acquisition, marking a notable shift in the landscape of digital asset transactions. This pioneering integration enables users from across 35 different currencies to obtain cryptocurrencies with ease, requiring just a single click to complete transactions. By eliminating the complexities typically associated with payment processes, Bybit is developing an environment where individuals can navigate the intricacies of the crypto market. The initiative focuses on prioritizing user convenience, effectively empowering individuals to enter the…

Ethereum’s price has undergone an extensive phase of sideways consolidation subsequent to a decline toward the critical support level of $3K. Despite this, the cryptocurrency seems confined within a range between $3K and $3.7K, and it’s unlikely that volatility will pick up unless it manages to break out in either direction. By Shayan The Daily Chart A comprehensive analysis of the daily chart reveals Ethereum’s prolonged sideways consolidation after finding substantial support around the $3K threshold. This zone aligns with significant Fibonacci retracement levels ranging between 0.5 ($3190) and 0.618 ($2972) alongside the pivotal 100-day moving average at $2972. This…

This year has been nothing if not interesting for the world’s premier cryptocurrency, Bitcoin (BTC). Along with massive price movements in the crypto market which saw BTC gain tens of thousands of dollars within months and hit a new all-time-high above $73,000, there have also been other major developments. Early January saw the approval of the first-ever spot BTC exchange-traded funds (ETFs) in the U.S. and the subsequent brief but brutal crypto market wipe, as well as a massive sector-wide rally in later months. Bitcoin is set to reach yet another milestone in just over a month in the form…

Institutional holders of bitcoin who want to earn a yield on their assets in commonly used DeFi protocols today can only do so in size by sending it to BitGo for wrapped bitcoin (wBTC). Launched today, DLC.Link’s new trust-minimized way to wrap bitcoin is looking to become a viable alternative. The “DLC” in the name stands for Discreet Log Contracts, which preconfigure the conditions under which locked bitcoin (BTC) can be transferred, meaning the owner retains full ownership of their coins on the Bitcoin network. A representation is then minted on a target chain as dlcBTC — an ERC20 token…