Author: NBTC

A significant event is on the horizon with the impending expiry of 29,000 Bitcoin (BTC) options and 270,000 Ethereum (ETH) options, according to data provided by Greeks.live. This event, set to take place on March 8, encompasses options with a total notional value of over $3 billion. The crypto market has been notably volatile, experiencing its highest fluctuations in nearly a year, with Bitcoin hitting a new all-time high above $69,000 before experiencing a sharp 10% decline. The surge in options trading, driven by the U.S. money-driven spot bull market, shows growing investor interest. Understanding options expiry An options contract…

Blackwing, a modular blockchain network, has successfully concluded a $4.5 million funding round spearheaded by Hashed and Gumi Cryptos, as per the information shared with Finbold on March 7. The funding is set aside for the advancement of the inaugural modular layer 2 blockchain tailored for liquidation-free leveraged trading across diverse assets. Blackwing’s role in DeFi At the core of Blackwing’s innovation lies its use of Limitless Pools, a method that empowers traders to engage in leveraged transactions by using borrowed funds while staying safe from the threat of forced liquidations. The approach represents a paradigm shift in decentralized finance…

The 2024 cryptocurrency market is witnessing an unprecedented surge, particularly in the AI-based. Leading the charge, Golem (GLM), Akash Network (AKT), and Ocean Protocol (OCEAN) are making headlines. These altcoins stand out for their technologies and potential for high returns. Each of these platforms offers unique solutions that leverage artificial intelligence, promising to revolutionize various industries. 1. Golem (GLM) Golem (GLM) has emerged as a pivotal player in the decentralized computing sphere, leveraging its open-source platform to foster a peer-to-peer marketplace. This ecosystem thrives on the mutual exchange of GLM tokens, a currency that rewards users for sharing their unused…

Matt White, CEO of Dubai’s Virtual Assets Regulatory Authority (VARA), sees the Financial Action Task Force’s removal of the UAE from the grey list as a positive move, clearing the way for increased crypto-related investments. After the UAE fulfilled its action plan to tackle money laundering and terrorism financing, the FATF decided to remove the country from the grey list. This indicates significant progress in implementing reforms. In a podcast with Zawya published Thursday, White mentioned that the crypto market, which experienced a “crypto winter” last year, is now entering a more active phase. “There is going to be expansion…

Bitcoin price is still struggling to settle above the $68,000 resistance. BTC is now consolidating and might drop again toward the $63,500 support. Bitcoin price is struggling to clear the $68,000 and $68,500 levels. The price is trading above $66,000 and the 100 hourly Simple moving average. There is a key rising channel forming with resistance near $68,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another decline and trade toward $63,500 support zone. Bitcoin Price Faces Hurdles Bitcoin price recovered most losses and settled above the $65,000 level. However, BTC seems…

Safe, a frontrunner in smart wallet infrastructure provision, celebrates a significant milestone, surpassing the safeguarding of over $100 billion worth of digital assets within its smart accounts.— This achievement coincides with the platform boasting more than 6 million active accounts and facilitating over 30 million transactions. In response to this impressive growth trajectory, Safe has appointed Julian Grigo as Head of Institutions and Fintech. His primary objective is to accelerate the adoption of Safe’s advanced account abstraction stack.An Expert from the Banking Sector Takes the LeadJulian Grigo brings extensive experience to his new role, having served as Managing Director at…

Avalanche has transformed into an interconnected network of multiple chains, facilitated by an exceptional communication system that imparts the illusion of a unified chain, following the implementation of Teleporter. Avalanche’s conventional messaging protocol and Avalanche Warp Messaging (AWM) have been integrated into the Teleporter framework. The interface is designed with developers in mind, facilitating the transmission and reception of cross-chain EVM messages. Avalanche blockchains possess the capability to exchange any type of information with one another via Teleporter. Information regarding tokens, NFTs, and Oracle price feed data will be amenable to effective communication. By this outcome, both developers and consumers…

In response to President Biden’s State of the Union Address, U.S. Senate Candidate John Deaton, a supporter of Ripple‘s XRP, delivered a scathing critique of incumbent Senator Elizabeth Warren. He highlighted a perceived failure to address key issues facing Massachusetts and the nation. Moreover, Deaton asserted that Washington is in dire need of change and criticized Warren’s tenure as epitome of stagnation. XRP Advocate John Deaton Spotlights Elizabeth Warren’s Inefficiency “Tonight, we saw yet again why people are starving for change in Washington,” declared Deaton, emphasizing the frustration with the status quo. He argued that Warren, once perceived as a…

Deribit data show activity in the $200,000 strike bitcoin call, which is nearly three times the cryptocurrency’s going market rate. Options open interest has soared to record highs alongside bitcoin’s price rally. Animal spirits seem to have returned to the market, spurring a 2021-like interest in bitcoin (BTC) options that would pay off if the cryptocurrency’s price tripled in the coming months. On Friday, the Deribit-listed bitcoin call option at the $200,000 strike price had a notional open interest of over $20 million. The strike price is almost three times bitcoin’s going market rate of $67,000. Of the total tally,…

Federal Reserve Chair Jerome Powell tried to offer assurances in a Senate hearing that a CBDC wouldn’t be built in the U.S. in a way that gave the government an ability to spy on people. Powell said the Fed isn’t close to any digital dollar recommendation. Even if the Federal Reserve were close to recommending a central bank digital currency (CBDC) in the U.S., Chair Jerome Powell told lawmakers that the Fed has zero interest in a system in which it would have a view into user data. “We’re nowhere near recommending – or let alone adopting – a central…