Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

These 3 US Presidents Would Have Bought Bitcoin: Historian

BitcoinFeb 21

As Presidents’ Day is celebrated in the United States, it prompts speculation about whether previous leaders of the country would have been interested in Bitcoin (BTC). While the current President Joe Biden and his predecessor Donald Trump have shown skepticism towards cryptocurrency, there are historians who believe that some former presidents may have embraced it. Luke Nichter, a presidential history expert from Chapman University, identified three names from earlier eras who could have been open to Bitcoin. Three US Presidents Most Likely Bought Bitcoin Nichter clarified that he doesn’t believe any US president would have recognized Bitcoin as an official…

This DeFi Protocol’s Total Value Locked (TVL) Surged 170% in a Week

DeFiFeb 21

EigenLayer, a restaking protocol in the decentralized finance (DeFi) sector, has seen its Total Value Locked (TVL) soar by an impressive 171% in the past week. The protocol launched in 2023 has swiftly gained the attention of the DeFi community due to several factors. EigenLayer Becomes 5th Largest DeFi Protocol According to DeFiLlama, EigenLayer’s TVL now stands at $5.67 billion, overtaking industry stalwart Uniswap and securing the fifth position among the largest protocols regarding TVL globally. This surge in TVL is closely tied to EigenLayer’s recent strategic decision to temporarily resume token restaking and eliminate TVL caps for every token.…

Are NFTs dead? Not yet, but the trend is worrying

NFTFeb 21

Non-fungible tokens (NFTs) shook the world a few years ago as they gained in popularity. Stories are told of people who spent millions buying NFTs and metaverse land in 2021. One of the most popular ones is when the CEO of Tokens.com spent $2.4 million in a virtual land or when Republuc Realm bought a virtual Sandbox plot for $4.3 million. Stories have also been told of many people who bought NFTs and lost almost all their money. Now, the question is whether NFTs are dead and what their future holds. Besides, NFTs are some of the most important parts…

Ether Traders Target $3.5K as ETH Jumps on ETF Expectations

EthereumFeb 21

Ethereum broke above $2,700 for the first time since May 2022. “The 15% rise in less than nine days suggests impressive buying interest after the bulls reloaded their positions in January,” one analyst said. The ether (ETH) price rose through the $2,700 mark early Thursday for the first time since May 2022 as traders bet on the possibility of a spot ETH exchange-traded fund (ETF) approval in the U.S., a move that could boost its institutional appeal. As of Thursday, Franklin Templeton, BlackRock, Fidelity, Ark and 21Shares, Grayscale, VanEck, Invesco and Galaxy, and Hashdex, had all submitted applications for an…

Binancelabs Announced Three New Projects It Invested In! Here are the Details!

RegulationFeb 21

Binance, one of the world's leading cryptocurrency exchanges, has announced its first investment initiatives as part of its S6 incubation program, representing a significant step in driving innovation in the blockchain ecosystem. Binance Announces First Investments in S6 Incubation Projects: Ethena Labs, NFP and Shogun The first wave of investment consists of three pioneering projects: Ethena Labs, NFP and Shogun. Each project has a unique vision that aims to address critical challenges and unlock new opportunities in the digital asset landscape. We're excited to announce the first batch of S6 Incubation projects that we've made an investment in! 🔸@ethena_labs 🔸@nfprompt…

Partisia Blockchain Airdrop Kicks off With 25 Million MPC Tokens Available

AltcoinsFeb 21

Multiparty computation (MPC) pioneer Partisia Blockchain, a high-performance and secure layer-1 network, introduces the rules of its airdrop campaign that is gaining traction in February 2024. Partisia Blockchain distributes 25 million MPC tokens for on-chain activity Starting from Feb. 1, 2024, cryptocurrency enthusiasts can take part in an airdrop campaign launched by Partisia Blockchain. The team of this new-gen L1 platform allocated 25 million tokens to this initiative. Regardless of previous experience with crypto, every Partisia Blockchain enthusiast is invited to dive into a rich ecosystem ripe with opportunities through Partisia Blockchain’s unique airdrop offering, encompassing a generous pool of…

A $18.28 Billion Explosion by 2027

DeFiFeb 20

Key Findings: In 2024, the DeFi sector is projected to record a 47.5% revenue increase to $26.15 billion. Between 2023 and 2027, DeFi market revenue is projected to rise to $18.28 billion, representing a 103% increase. The DeFi user base in the USA will increase by 95%, from 8,673,000 in 2023 to a whopping 16,920,000 in 2027. Revenue in the DeFi market is projected to reach $26.15 billion in 2023 and $36.02 billion by 2027. Decentralized finance (DeFi) has been around for quite some time, allowing everyone to execute direct peer-to-peer trades with each other and giving users control over…

Chris Dixon offers NFT with his ‘bestseller’ — 264 of 5,000 have been claimed

NFTFeb 20

While Chris Dixon and a16z may have skewed the sales numbers of his recent book, Read Write Own, what hasn’t been given as much time in the spotlight is the book’s NFT offering. Paired with the newly minted web3-worshipping tome is a bookmark that contains a code allowing readers to redeem an NFT on OpenSea (one of the largest NFT marketplaces). The problem is no one seems to care. Of the 5,000 NFTs that are up for redemption only 5% — or 264 — have been redeemed by readers. It’s difficult to match this with the fact that Read Write…

VC-Backed Crypto Exits Hit 3-Year Low Despite Slight Uptick in Investments

RegulationFeb 20

Crypto venture capital markets are still in the doldrums despite a resurgence in spot markets for digital assets. Moreover, startups are staying private longer, and low mergers and acquisitions and IPO activity keep things depressed and ‘exits’ low. According to findings in PitchBook’s Q4 2023 Crypto Report, the broader startup market is suffering from an exit drought, and crypto startups are possibly even more parched. Crypto Venture Funding Drought Exits refer to liquidity events that allow venture firms to realize returns. This enables them to exit out of their investments in crypto startups after they have appreciated over time. Deal…

Chainlink Advances with Production Deployments, Niki Ariyasinghe Provides Insights

AltcoinsFeb 20

Chainlink, a prominent player in blockchain technology, is making significant advancements by transitioning to production deployments. Niki Ariyasinghe has collaborated with over 40 institutions worldwide at Chainlink Labs. It provides valuable insights into the evolving landscape of tokenized assets. “We’re shifting to production deployments.” Having worked with well over 40 institutions globally at @ChainlinkLabs, Niki Ariyasinghe shares his insights on the rapidly evolving landscape for tokenized assets: 1. Leading banks are preparing for the tokenization opportunity… pic.twitter.com/NeIxAxMPOZ — Chainlink (@chainlink) February 19, 2024 Chainlink Empowers Financial Institutions in Managing Digital Assets At this time, major banks are making preparations to…