Author: NBTC

The U.S. economy continues to show little sign of slowing down, with the government Friday morning reporting 275,000 jobs as having been added in February versus expectations for 200,000. January’s originally reported blowout job growth of 353,000 was revised lower to a still respectable 229,000. The unemployment rate missed expectations, though, rising to 3.9% versus an anticipated 3.7% and January’s 3.7%. Bitcoin (BTC) rose a bit to $67,650 in the immediate aftermath of the report. Traditional markets for now are showing little reaction to the new numbers, with U.S. equity futures, bond yields and the dollar modestly lower. Coming into…

The native token of Solana-based decentralized exchange (DEX) aggregator Jupiter surged Thursday, apparently aided in part by the platform’s rollout of an incentivized voting mechanism for community members to choose which tokens will next debut via its launchpad. JUP is up 35% in the last 24 hours to almost $0.78 at writing, according to CoinGecko. The pump has pushed the token’s market cap back over $1 billion after being below that mark across all of February. The jump, the steepest in the token’s brief five-week history, appears due in part to Jupiter’s debut today of an elaborate community governance initiative…

On Mar. 5, Bitcoin reached the all-time high it posted in November 2021, breaking through $69,000 in the late afternoon UTC. However, Bitcoin’s stint at its ATH was extremely brief and was quickly followed by a sharp 14% correction that pushed its price down to $59,300. In the early morning of Mar. 6, BTC regained some of its lost footing but struggled to stabilize at $66,000. The market’s intense price volatility on Tuesday, Mar. 5, translated to record-breaking trading volumes across centralized exchanges. With little data on the volume seen on OTC desks and a lag in data availability from…

Undoubtedly, one of the prerequisites for the mass adoption of blockchain technology is secure and seamless cross-chain interoperability. Many potential applications, particularly in complex and regulated sectors, simply can not be deployed without common guidelines and interface definitions. Without these, as is currently the case, applications that aim to go cross-chain must rely on custom off-chain components and automatically inherit the accompanying risks and trust assumptions. The only alternative is to remain constrained to a single, isolated network. Today’s interoperability solutions – or “bridges” – have matured to the point where just about any two blockchain networks can be connected.…

US Securities and Exchange Commission (SEC) Chairman Gary Gensler has not yet given a clear indication as to whether the agency will approve spot Ethereum ETFs. During a recent interview with Yahoo Finance, Gensler was asked about the approximately ten firms that have filed for the spot Ethereum ETF product. He was also asked whether he considered the summer court decision regarding Grayscale to be “precedent-setting.” “I don’t want to prejudge any application, and as you said, we have 10 applications in front of us,” Gensler said and added: “So as always, I’m not going to prejudge this. But to…

The surge in demand for Bitcoin exchange-traded funds signals a bullish horizon for the price of BTC. Leading this charge is BlackRock’s plan to incorporate spot Bitcoin ETFs into its investment strategy for its Global Allocation Fund. As disclosed in its recent filing with the US Securities and Exchange Commission (SEC), this move by the world’s largest asset manager accentuates the increasing allure of cryptocurrencies in traditional finance. Bitcoin in High Demand BlackRock’s decision to delve into Bitcoin ETFs comes amid a broader market enthusiasm for such financial products. The iShares Bitcoin Trust (IBIT), a product sponsored by BlackRock, has…

Insights into the global Exchange Traded Products (ETPs) market reveal a remarkable leap in Assets Under Management (AUM), reaching a record $80.5 billion in February. This represents a 55% increase from the previous $52 billion, Fineqia International research has shown. This growth in ETPs, which include both Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs) with digital assets as underlying collateral, has outpaced the 37% increase in the underlying crypto assets value, reaching approximately $2.37 trillion from $1.73 trillion. BTC spot ETFs drive ETP market surge The substantial premium in ETP growth is largely attributed to the U.S. approval…

Do you hold one of the nearly 400,000 wallets eligible for Wormhole’s upcoming W token airdrop? If not, you might consider joining the thousands of Solana degens that took an “L”—or rather, who are trading the L token. Launched less than 24 hours ago by unknown parties, the Lormhole (L) token on Solana is a tried-and-true meme coin, turning a crypto trend into a token that’s being traded amid the fallout from users who missed out on Wormhole’s anticipated drop. And it’s posting massive gains. “If you missed $W… get ready to hold this $L,” reads the pinned tweet from…

Binance, one of the world’s leading cryptocurrency exchanges, announced that it has significantly expanded its trading options by adding Japanese yen (JPY) trading pairs for various cryptocurrencies. Binance Expands Offerings with JPY Trading Pairs and Zero-Fee Trading Promotion This move aims to meet the growing demand for diversified trading options and improve the user experience on the platform. Binance users will have access to three new trading pairs starting at 11:00 AM on March 12, 2024: BNB/JPY, BTC/JPY, and ETH/JPY. This expansion not only expands trading options on Binance, but also opens up opportunities for investors looking to trade cryptocurrencies…

QuickSwap has recently made a significant move by launching on the Immutable zkEVM mainnet. This is a big step forward in gaming and DeFi. The blockchain ecosystem may also be affected. Due to its high scalability and Ethereum security, Polygon’s Layer 2 EVM ZK-rollup Web3 gaming chain could change the game for gamers, developers, and DeFi fans. QuickSwap Offers Farming Rewards in Immutable zkEVM Debut for Early Users DragonFi 2.0 advances by adding QuickSwap to the Immutable zkEVM ecosystem. QuickSwap is serious about fostering innovation and growth in the fast-growing blockchain gaming market. QuickSwap wants to connect to the Immutable…