Author: NBTC

As its TVL rises, industry insiders say that DeFi is seeing increasing interest once again. DeFi is robust and will continue to expand, the experts say, adding that 2024 will be an exciting year for this growing sector. DeFi is Resilient, TVL On The Rise The total value locked in decentralized finance (DeFi) has surpassed $80 billion. It’s the first time it has breached this threshold since the infamous fall of the Terra stablecoin nearly two years ago. According to DefiLlama, TVL is currently $90.113 billion. The last time it stood at this level was May 2022. An increase can…

Ethereum price faces immense bottlenecks amid a sustained drop from its 2024 peak at $2,715 to slightly above $2,200. The sell-off impacting the performance of ETH over the last couple of weeks stems from the downturn that swiftly followed the approval of spot Bitcoin ETFs in the US. While many altcoins and even Bitcoin crumbled under the weight of post-ETF approval blues, Ethereum price stood defiant, briefly basking in the warm glow of investor optimism. But even its flame couldn’t withstand the icy grip of the relentless market malaise. Now, the king of smart contracts teeters precariously, its crown at…

Decentralized social media protocol Friend.Tech captured attention last year but has noticeably faded from the radar recently. CryptoSlate, using Dune Analytics data compiled by 21.co, discovered a concerning trend – the platform’s failure to attract new users, coupled with indifference from its existing user base. On Jan. 28, the platform garnered a mere 19 new users engaged in at least one transaction, a stark contrast to its peak of over 70,000 users in September. A separate dashboard by Cryptokoryo sheds light on the extent of the downturn. On the same date, Friend.Tech recorded only 5,544 transactions, signaling a staggering 99%…

Privacy Meets Compliance: Tokenized KYC Solution for Web3 TL;DR:The IOTA Foundation, walt.id, IDnow, Bloom Wallet, and Spyce5 have built a system to authenticate users in Web3 environments in a way that respects the privacy and autonomy of the individual. The identification process is tokenized, enabling users to verify their identity in Web3 applications while maintaining control over their information. To prevent money laundering and terrorism financing in crypto markets, upcoming EU and global crypto regulations will require obligated entities to implement strict anti-money laundering (AML) and Know Your Customer (KYC) measures. However, available tools for authenticating users in Web3 applications…

Open interest in Bitcoin futures has risen to over $23 billion. The leverage on these positions is low, which lowers the chance of major price crashes due to liquidations. Open interest in Bitcoin futures has rallied over 20% to highs not seen since the 2021 bull run. Why the Sudden Interest in Bitcoin Futures? The CME Group and Binance dominate Bitcoin futures open interest at $6.39 billion and $5.75 billion, respectively. Bybit and OKX follow with $3.89 billion and $2.19 billion, respectively. Read more: Where To Trade Bitcoin Futures: A Comprehensive Guide Exchange BTC Futures Open Interest | Source: CoinGlass…

Ethereum price extended losses and tested the $2,150 support. ETH is struggling to recover and might continue to move down toward the $2,000 support zone. Ethereum started a fresh decline below the $2,350 and $2,250 levels. The price is trading below $2,250 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $2,240 on the hourly chart of ETH/USD (data feed via Kraken). The pair attempt a fresh increase if it clears the $2,240 and $2,280 levels. Ethereum Price Extends Losses Ethereum price remained in a bearish zone below the $2,400 pivot level.…

The data from the latest Coinover study suggests that 17% of the participants own cryptocurrency and 30% plan to do so in the coming year. About 50% of those interviewed said they were positive about their financial earnings, while 20% expressed dissatisfaction with the returns. More Than Half of the Respondents Are Crypto-Curious According to a survey study conducted by the blockchain security firm Coinover, about 17% of the more than 16,000 study participants said they own cryptocurrencies, while at least 30% said they are likely to invest in cryptocurrencies in the next 12 months. The data also suggest that…

It’s often true that digital assets go where Bitcoin leads them, but Pepecoin, BONK and Dogwifhat are overclocking for the meme coin segment. But first, a very necessary disclaimer: Even the most popular meme coins can be extremely volatile. A token that’s up one day can crash to zero the next. Investors should proceed with caution. At the time of writing, Solana meme coin BONK has seen a 7% grain since yesterday. It’s currently trading for $0.00001284—which is 27% higher than it was this time last week. Its $833 million market capitalization makes it the 101st largest coin tracked by…

Bitcoin’s halving is fast approaching—and some are estimating that it could arrive on 4/20. (Yes, you read that right.) Although it can be hard to predict the exact time, CoinGecko—citing Blockchair data—has been showing that the Bitcoin halving could take place on April 20 or April 21. If the long-awaited event does indeed land on the cannabis community’s celebratory “weed day,” it would surely spur lots more memes in an already meme-heavy sphere. But will its price hit its November 2021 all-time high of $69,044? Some in the crypto world are saying that when the halving comes around, the price…

Coinbase, a leading cryptocurrency exchange, announced plans to diversify its execution clients amidst concerns over the dominance of go-Ethereum (Geth). In a Jan. 23 statement on the social media platform X (formerly Twitter), Coinbase Cloud disclosed ongoing evaluations to identify alternative qualified execution clients for its platform while acknowledging the growth being made in the industry. “Alternative execution clients have come a long way, and so we are conducting an updated technical assessment with the goal of adding another execution client to our infrastructure,” Coinbase said. The Brian Armstrong-led exchange added that it will release a formal update on the…