Author: NBTC

NVIDIA stock price has recorded a new All-Time-High (ATH) that brings it very close to leading technology firm Apple in terms of market capitalization. NVIDIA Stock Price Boom Continues In the space of a few weeks, the NVIDIA stock price has experienced explosive growth that placed it amongst the top companies globally. NVIDIA stock price per current market data has jumped to $922.75 on the Nasdaq stock exchange. It looks like the NVIDIA stock price is headed for its sixth consecutive day of gains. This move contributed to a jump in the share’s market cap to about $2.3 trillion. Considering…

XRP, the sixth-largest cryptocurrency, has seen a spectacular increase in adoption and distribution, with over five million accounts currently holding 59.8 billion XRP, according to the most recent data from Xrpl Services, an XRP Ledger explorer. According to data from the Xrpl services platform, there are 5,089,197 XRP accounts. The number of accounts with zero balances is 1,592. This means that 59,879,274,264 XRP are held in roughly five million accounts, demonstrating increased demand and interest in the digital asset. In 2023, a U.S. judge determined that XRP is not a security in and of itself, giving the cryptocurrency regulatory certainty.…

The US Securities and Exchange Commission (SEC) held a meeting with representatives of Coinbase and Grayscale Ethereum Trust on March 6, 2024. The meeting was part of an ongoing dialogue between the SEC’s Trading and Markets Division and the two cryptocurrency firms. Commenting on the meeting, Eric Balchunas, a senior ETF analyst, expressed some concerns. “Normally I would say this is a good sign, but to my knowledge, the SEC has yet to make any comments to the ETF companies, which is not a good sign as we are past the time when they comment on Bitcoin ETFs,” he said.…

A bearish indicator that has been quietly receding into the background for Bitcoin is the number of nonzero BTC wallets, indicating that smaller traders might be exiting their positions, a move typically seen as capitulation. This blend of enduring commitment from large investors and a reduction in the smaller wallet counts could paint a bullish canvas for Bitcoin’s future. The logic is straightforward: when whales maintain or increase their holdings, it signals a belief in the asset’s value and an expectation of future price appreciation. In contrast, the departure of smaller traders often serves to cleanse the market of speculative…

The decentralized finance (DeFi) ecosystem total value locked (TVL) has crossed the $100 billion level for the first time in nearly two years. DefiLlama’s latest data on March 9, 2024, indicate that DeFi protocols have TVL globally amounting to $100.1 billion. This revival in the DeFi space represents a significant comeback, however, it is still below the all-time high of $189 billion reached in November 2021. TVL across all of DeFi in now back above $100 billion pic.twitter.com/9PJQVWcOF1 — DefiLlama.com (@DefiLlama) March 9, 2024 The rise in TVL, however, is due to the surging interest in Bitcoin (BTC) and general…

The AI crypto sector’s combined market cap has more than doubled to $25.1 billion in less than a month as the world remains engrossed in developments in AI technology, according to CryptoSlate data. Overall, the market has increased roughly 150% from $9.64 billion on Feb. 16. The sector has also seen short-term growth, with gains of 5.42% over the past 24 hours and 23.88% over seven days. The six largest AI-related tokens by market cap are Internet Computer (ICP), Bittensor (TAO), The Graph (GRT), Fetch (FET), SingularityNet (AGIX), and WorldCoin (WLD). Internet Computer (ICP) Internet Computer has announced multiple AI-related…

The Terra Luna Classic community voting on another major proposal amid recent development efforts, focusing on preventing exodus of validators, especially small validators. The proposal can also boost security and decentralization of the chain as more validators increase network security. Terra Classic Community Votes to Reinstate Min Commission Parameter change proposal 12089 “Reinstate 5% Commission for Validators” is now up for voting on the Station wallet. The proposal aims to bring back a 5% commission for validators, which was limited after introducing dynamic commission (DynComm) last year. Notably, the parameter change proposal does not affect the DynComm Module. According to…

The State of Wyoming passed a landmark crypto bill to bring DAOs under the purview of existing laws and address pain points synonymous with decentralized organizations. Wyoming governor Mark Gordon approved a March 7 state bill acknowledging decentralized autonomous organizations (DAOs) as legal entities under the Decentralized Unincorporated Nonprofit Association Act (DUNA). The law will come into effect on July 1. Unlike traditional corporate operations, DAOs are community-operated and provide decision-making privileges through crypto governance tokens collectively held by members. The concept ultimately fostered a legal problem for participants and regulators alike. Tokens created by entities were likened to company…

Investor assets that have exited Grayscale Investments’ spot bitcoin ETF surpassed $10 billion on Thursday while demand for several competing offerings remains strong. The Grayscale Bitcoin Trust ETF (GBTC) bled $375 million on Thursday, according to BitMEX Research data — bringing its total net outflows to more than $10.2 billion since converting to an ETF on Jan. 11. GBTC has been an outlier within the 10-fund US spot bitcoin ETF segment given its 1.5% fee that is significantly higher than competitors. Read more: Why the planned fee for Grayscale’s bitcoin ETF is much higher than others BlackRock’s fast-growing iShares Bitcoin…

The decentralized finance (DeFi) ecosystem is full of opportunities and risks that could reward savvy cryptocurrency investors. For example, lending stablecoins can yield up to 20% in liquidity mining protocols. In particular, leading DeFi protocols running on Ethereum (ETH), like Aave (AAVE) and Compound (COMP), highly reward stablecoins’ suppliers. On Aave, investors can lend USDC and USDT with a 19.18% and 20.44% annual percentage yield (APY). Meanwhile, Compound v3 offers 15.19% for Ethereum-based USDC. Lending the stablecoin on other chains like Polygon (MATIC), Arbitrum (ARB), or Base could reach even higher APYs. Finbold retrieved this data from each platform on…