Author: NBTC
Bitcoin’s price has once again broken above the $100K level, and investors are wondering whether it can keep above this time around, especially after bouncing off the plunge below $90,000 on Monday. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the asset has been struggling to rise above the $100K level over the past few weeks. However, the market is now testing the six-digit territory and is trying to stay above it and rally toward a new all-time high. If the cryptocurrency closes above this level, it is very likely to trend higher in the…
Umoja announced yBTC, a yield vault token that provides over 20% annual percentage yield on staked Bitcoin. The launch positions yBTC as the highest-yielding product for native Bitcoin, reflecting growing opportunities for BTC holders in DeFi, according to a note shared with crypto.news. Yield vault tokens like yBTC allow users to earn passive income by staking their Bitcoin (BTC). Each token represents a user’s share in a vault, which generates returns by employing yield strategies across DeFi protocols and centralized exchanges. Umoja’s trade engine optimizes these strategies based on market conditions, providing competitive yields regardless of market trends. “yBTC offers…
The Ethereum Foundation is a paradox. Despite its commitment to decentralization, it operates as a centralized entity, with a director, a treasury, paid developers, and an inner circle. These structures, while necessary for coordination, create tensions with Ethereum’s decentralized ethos. The Foundation Today It is not widely known, but the current foundation was constructed in a less than ideal way. The previous director, Ming, was ousted in a coordinated effort by a group of people who have never been publicly identified or held accountable for it. I spoke with Ming days before her removal and she assured me she had…
Neo has announced a partnership with Supra Labs, a L1 blockchain known for its high throughput, native oracle services, and flexibility for developers to build composable ecosystems using their preferred programming languages. Neo plans to integrate Supra’s advanced oracle and Verifiable Random Function services as part of the collaboration. These features are designed to enhance the capabilities of Neo X-based dApps and strengthen its position as a developer-friendly blockchain ecosystem. Supra’s cross-chain oracle network provides secure, decentralized, and scalable data solutions for dApps. Its infrastructure is oriented to deliver fast and reliable data, supporting a wide range of blockchain ecosystems.…
Senator Elizabeth Warren is calling foul on President Donald Trump’s meme coin, pressing for the U.S. Office of Government Ethics and financial regulatory agencies to dig into the ethical and regulatory details around the $TRUMP token. Warren, who is the top Democrat on the Senate Banking Committee that oversees U.S. financial regulators, says the assets, including First Lady Melania Trump’s own eponymous meme coin, pose conflict-of-interest hazards for the president and highlight the most destructive and volatile corner of the crypto sector. “Nearly overnight, President Trump and his wife’s net worth skyrocketed to $58 billion,” Warren wrote in the letter…
Marathon Digital, a prominent Bitcoin mining company, has immortalized incoming US President Donald Trump on the blockchain network of the flagship digital asset. On Jan. 17, Marathon Digital CEO Fred Thiel detailed the creation of the “Trump 47” block on social media platform X, saying: “The ‘Trump 47’ block was composed with AI to form a portrait of President Trump in honor of his upcoming inauguration as the first pro-Bitcoin president.” On-chain data shows that the image was inscribed on block 825,642 and was finalized at approximately 14:32 UTC. It features a blockchain inscription of Trump’s portrait and emphasizes his…
Payments remain the big unsolved use case of the internet. When we buy something online, we generally use a traditional payment method, like a credit card, which isn’t “native” to the experience. Your ability to transact with a merchant is verified by a third-party (like a bank), which raises costs and adds a lot of inconvenience for buyers and sellers. Despite the huge growth of commerce online in the last three decades, most transactions occur outside of the browser. Marc Andreessen, who created Netscape, has referred to this as the internet’s “original sin.” “One would think it was the most…
Smart Valor, a crypto exchange and AI-led investment company, is exploring a possible sale of all or part of its business. The Zug, Switzerland-based company is conducting a strategic review after receiving a number of inquiries from large global exchanges, crypto platforms and traditional finance (TradFi) institutions including banks and trading platforms, CEO and co-founder Olga Feldmeier told CoinDesk in an interview. The European Union’s Markets in Crypto Asset (MiCA) rules came into force on Dec. 30, and Smart Valor could be a target for companies that don’t have regulatory approval in Europe. While neither Switzerland nor Lichtenstein, where Smart…
The market cap for Circle USDC stablecoin has surpassed $50 billion, continuing its rapid growth from last year. According to data from Defillama, USDC now has a circulating supply of $51 billion after seeing more than 11% growth in the past seven days. The stablecoin’s massive growth this year only continues a positive trend for 2024 when it outperformed all its competitors, including Tether USDT, in market cap growth. Per Circle’s Shaping the Future of Money Report, USDC circulating supply grew by 78% year over year in 2024. Despite this growth, USDC remains below its all-time high market cap of…
Michael Saylor, a Bitcoin evangelist and MicroStrategy’s executive chairman, has taken to his account on the X social media giant in the past to talk to the millions of his followers about the mysterious Bitcoin founder known under the pseudonym Satoshi Nakamoto. In his tweet, Saylor has published a famous saying that is frequently used as a reply to an eternal question – “Who is Satoshi Nakamoto?” In the meantime, the Bitcoin price is approaching the $103,000 level. “We are all Satoshi,” Saylor says Saylor published an AI-generated image in which Saylor is sitting with his legs crossed and holding…