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.

Farcaster’s most popular posts are NFT and altcoin promos

NFTFeb 20

The social media protocol Farcaster generated a lot of buzz this week, driven by the success of its X-like client, Warpcaster. The standard version of the story goes something like this: In late January, Farcaster released Frames, a feature that lets external sources be natively displayed within the Warpcast feed. This bit of technology allows developers to build cool things, such as in-app Girl Scout cookies order flows. As a result, users have flocked to what might become crypto’s new public square. This is all true, but the app also comes out of crypto, where the potential for profit is…

Economist Alex Krüger Says Ethereum Rival With ‘Absolutely Massive’ Ecosystem Is Underpriced Relative to ETH

EthereumFeb 20

Widely followed economist Alex Krüger believes one Ethereum (ETH) rival is undervalued as its ecosystem buzzes with activity. In a new interview with Bitcoin Suisse’s podcast Verified, Krüger says that Solana (SOL) has a livelier ecosystem than ETH’s and also greater potential. He predicts long-term upward momentum for SOL. “I think that Solana is absolutely massive and it’s under price relative to ETH. What’s happening in Solana is absolutely incredible. And I think everybody should be long. It’s the perfect chain for retail risk taking. Let me quantify this. Memecoin WIF is doing about $40-$50 million in daily trading volume.…

Here Are The Worst Losses Recorded On Chain

RegulationFeb 20

Amidst the recent rally in the broader crypto ecosystem, some of the biggest losses recorded by traders have been spotted on-chain. The digital currency ecosystem might be filled with many stories of booming portfolios on X and other social media platforms, but it does not negate the fact that some traders also experience massive losses on their trade. Losses are inevitable because investor psychology differs and goals may differ from one trader to another. Crypto analytics insights provider Arkham Intelligence has shared three major losses on record from whale traders. Mega Loss on MOG MOG Coin is one of the…

Pioneering a New Frontier in Border Trade Efficiency

AltcoinsFeb 20

Trade Logistics Information Pipeline (TLIP) is reported to eliminate the common challenges faced by border agents. It was also selected as one of the 30 organizations to participate in the MISSION (MaritIme juSt in time optimiSatION). IOTA’s mission to launch the Trade Logistics Information Pipeline (TLIP) to get the private and public sectors to come together to facilitate paperless international trade has been realized as it gains popularity in the payment industry. In 2022, it collaborated with TradeMark East Africa to launch a website to highlight its benefits while providing an opportunity to follow the progress of the project. In…

Bitcoin Breaks All-Time High in Japan Amid Regulatory Revolution

BitcoinFeb 20

Today, Bitcoin reached an unprecedented milestone against the Japanese yen, surging to a record-breaking 7,870,000 JPY. This marks the highest valuation for Bitcoin in Japan since November 2021, surpassing the previous record of 7,794,000 JPY. The surge in Bitcoin's value against the yen coincides with a notable increase of 25% over the past two weeks, outpacing its 22% gain against the dollar during the same period. Notably, Bitcoin's all-time high against the dollar remains at $69,000, indicating potential for further upward movement in its value. This surge in Bitcoin's price comes amid significant regulatory developments in Japan, the world's fourth-largest…

EigenLayer TVL close to $6 billion after temporary cap removal

DeFiFeb 20

Ethereum-based staking protocol EigenLayer has seen its total volume locked (TVL) reach almost $6 billion after it temporarily lifted its deposit cap between Feb. 5 and today. DeFiLlama data shows that the protocol currently has a TVL of $5.95 billion, almost three times higher than its TVL just five days ago. This makes it one of the top 5 protocols in TVL rankings, ahead of popular decentralized exchange Uniswap and lending platforms Spark and Compound. An estimated $961,000 of the deposits have come from users depositing Lido’s stETH, $206,000 are deposits of Swell’s swETH and $189,000 are deposits of Mantle’s…

This NFT Collection Hit a New All-Time High Today

NFTFeb 20

The Pudgy Penguins NFT collection soared to an unprecedented peak today. Its floor price reached a new all-time high of 21.7 ETH. This significant milestone highlights the collection’s escalating popularity and the increasing investor confidence in the digital art and collectibles market Pudgy Penguins NFT Hit All-Time High The Pudgy Penguins NFT collection is escalating in popularity. With a current floor price equivalent to $54,529, it has seen a significant uptick in its market cap. Indeed, it now stands at an impressive $484,652,037. Originating from a diverse array of 150 hand-drawn traits, these 8,888 unique NFTs have captivated the crypto…

Ethereum Staking Reaches All-Time High As Over $111 Billion Locked in Beacon Chain

EthereumFeb 20

Statistics indicate that over $111 billion worth of ETH tokens have been locked, coinciding with the asset’s resurgence above the $2,800 mark. Within the past day, the price of Ethereum has reached a height of $2,826 amid the Bitcoin-driven market rally. At the same time, the amount of ETH tokens committed to Ethereum’s staking contract has seen a significant uptick. Over $111B Locked in Ethereum According to data from the on-chain analytics platform Nansen, Ethereum validators have locked 30,659,864 million ETH tokens on the Beacon Chain as of February 14. The intra-day activity increased with a deposit volume of 18,172…

Coinbase Stock Rallies 7% Pre-Market, Will Earnings Beat Wall Street Estimates?

RegulationFeb 20

Coinbase Global Inc (NASDAQ:COIN) is gearing up to unveil its fourth-quarter financial results after the market closes on Thursday, February 15. Ahead of the earnings, the Coinbase stock witnessed a 7% jump in the pre-market session on Thursday. Moreover, speculations are swirling around whether Coinbase would beat the Wall Street estimates or fall short. Will Coinbase Earnings Beat Wall Street Estimates? Wall Street analysts are eyeing a fourth-quarter revenue projection of $822.36 million for Coinbase, marking a notable increase from last year’s figure of $629.11 million. Notably, the Coinbase earnings report has consistently outperformed revenue forecasts over the past four…

9.5M Tokens to Hit Market, Analysts Predict Avalanche Price Pump to $45

AltcoinsFeb 20

The Avalanche network will release 9.5 million tokens on Feb. 22, with analysts concerned that it could deal a big blow to AVAX, which has been flying in the past month. AVAX has barely moved in the past week, but since hitting a two-month low at $27 in mid-January, the token has been on an uptrend amid surging trading volume. The Avalanche network’s token unlock is edging closer, and with it, speculation on whether it will deal a blow to AVAX or be a tailwind for the project. While some project that the influx of tokens will be detrimental to…