Author: NBTC

Artificial Intelligence (AI) is set to be one of the most transformative technologies of the century. A new report from ResearchAndMarket.com projects the global AI Market is expected to be valued at around $1,057.47 billion by 2030. Unsurprisingly, this potential has fueled immense growth in AI-related stocks, including microchip giant Nvidia, whose shares have soared by nearly 1,900% over the past five years. Nvidia $NVDA just closed the trading day above a $2 Trillion market cap for the first time in its history pic.twitter.com/FHGIa5E0TP — Evan (@StockMKTNewz) March 1, 2024 Decentralization Creates AI Accessibility Despite these advancements, industry experts have…

Institutional adoption of Bitcoin, which has been increasing for years, has increased even more following the approval of spot Bitcoin ETFs. Supported by increased adoption post-ETFs, BTC has experienced a massive rally and is poised to break its ATH of $69,000. While all investors were focused on $69,000 in BTC, a Bitcoin purchase announcement came from Stanford University. Accordingly, the Blyth Fund, which manages a portion of Stanford University’s donations, allocated 7% of its portfolio to Bitcoin. Computer Science Specialist and leader of the Stanford Blockchain Club, Kole Lee, who shared from his account Stating that they made the Bitcoin…

Bitcoin Ordinals project NodeMonkes flipped Bored Ape Yacht Club earlier Monday with a market capitalization of 7,300 BTC, around $490 million, according to cross-chain NFT marketplace Magic Eden. By comparison, Bored Ape Yacht Club’s market capitalization at the time was 136,500 ETH, or around $483 million, according to the NFT analytics site NFT Price Floor. The Ethereum-based Apes are back on top, as of this writing, but the collections remain close—there’s less than $30 million worth of crypto between their respective market caps, as of this writing. Launched in December, NodeMonkes is a collection of 10,000 8-bit monkey-themed digital collectibles.…

A decentralized data storage altcoin surged more than 104% this week amid the rollout of a new project. AR, the native asset of Arweave, a protocol that aims to enable permanent data storage on an open and decentralized network, is trading at $27.79, up from $13.62 one week ago. AR’s gains largely materialized after Sam Williams, Arweave’s co-founder and chief executive, announced they had launched a testnet for AO, a hyperparallel computer running on the project’s network. The new computing environment aims to aid with scaling and blend the benefits of smart contract applications with traditional computing environments. Explains AO’s…

VanEck Europe, the European division of the global asset manager, expects half of its assets under management to come from crypto in the future. Martijn Rozemuller, the CEO of VanEck Europe, said crypto will become more important and that he sees more potential for growth in that area than in others. VanEck Europe is the issuer of the VanEck Crypto and Blockchain Innovators UCITS ETF which holds Coinbase, Block, and MicroStrategy, among others. VanEck, a 69-year-old asset manager with a history of bringing newfangled investments to customers, has high hopes for the role crypto will play in its European division.…

Solana (SOL), a leading blockchain platform known for its fast transaction speeds, has seen its price reach a 22-month high of $137 this week, amid a wider cryptocurrency market rally. Solana’s performance has been particularly impressive, with a significant 28% jump in the past week, pushing its price to its highest level since April 2022. Over the past year, the cryptocurrency’s price surged by an impressive 480%. The new high comes at a time in which Solana-focused investment products saw around $3 million of outflows in a week, after seeing around $1.6 million of outflows over the previous week. Investors…

Deribit’s Bitcoin Volatility Index (DVOL), a measure of the 30-day implied volatility of Bitcoin options, has surged to a 16-month high, according to an article by Omkar Godbole for CoinDesk published earlier today. The index has risen from an annualized 41% to 76% in just one month, reaching its highest level since November 2022. This surge in volatility is good news for Bitcoin holders looking to generate additional income from the options market. The DVOL is a forward-looking measure of volatility that uses the implied volatility smile of the relevant Bitcoin option expiries to output a single value representing the…

Ethereum’s layer 2 scaling protocol Arbitrum is set to unlock over $2 billion worth of ARB tokens on March 16, 2024, according to data from Token Unlocks. Arbitrum’s upcoming unlock will distribute over 1.1 billion ARB tokens, equivalent to around 87% of the circulating supply, to the project’s team, advisors, and investors. The project has released around 1.5 billion tokens so far, equivalent to nearly 16% of its total supply. This is the biggest token unlock this month. Apart from Arbitrum, dYdX (dYdX), Aptos (APT), and Immutable (IMX) are projects with major releases. DYdX released around $111 million worth of…

On Monday the 4th, Bitcoin’s price reached a new all-time high against the Euro. At the time of this article’s writing, Bitcoin had surged to $66,879.10 US dollars to one Bitcoin – an impressive YTD climb from a price of $44,172 at the start of 2024. But why the spike? Is it all just about Bitcoin ETFs? A ‘surge of confidence’ EMARKETER senior analyst Grace Broadbent says: With Bitcoin approaching its all-time high, thanks to excitement sparked by US-based spot Bitcoin ETFs, a surge of confidence has been injected back into the crypto space.” Gaining momentum Matteo Greco, research analyst…

A highly anticipated gaming token and cross-chain platform known as Portal made its debut recently, amid excitement from airdrop participants and Binance token stakers. The token, named PORTAL and built on the Ethereum blockchain, initially hit the market at $2.54 per token, with approximately 167 million tokens available, representing about 17% of the total supply of 1 billion tokens. This places the market capitalization at around $425 million. Portal’s gaming token reaches milestone figure Despite the anticipation, the token experienced a significant price drop shortly after its listing on the Binance exchange, falling to $3.36. This 24% decrease within just…