Author: NBTC

Jellyverse (JLY), a decentralized finance (DeFi) platform on the Sei (SEI) blockchain, has announced the launch of jAssets, a synthetic assets protocol that lets users mint synthetic tokens that mirror the value of traditional real-world assets (RWAs), according to the most recent report shared with Finbold on Tuesday, January 21. The new addition will allow DeFi investors to diversify beyond standard crypto assets and gain exposure to traditional markets. Coming in tandem is the launch of the jAssets mainnet on Sei. T-1 Day until the jAsset Mainnet release!If you could tokenize any asset as a jAsset, what would it be?…

Ripple is teaming up with Archax, a UK-regulated digital asset exchange, to launch a tokenized money market fund from UK asset manager abrdn on the XRP Ledger (XRPL) blockchain, according to a Nov. 25 press release. This is the first tokenized money market fund on XRPL and is part of abrdn’s Liquidity Fund (Lux) worth £3.8 billion. Today, in partnership with @ArchaxEx and @abrdn_plc, we’re excited to announce the first tokenized money market fund on the XRP Ledger. With $16T in tokenized assets projected by 2030, this milestone unlocks cost savings and settlement efficiencies by deploying capital markets… — Ripple…

Block, the parent company of Cash App, has agreed to pay an $80 million fine as part of a settlement with 48 state financial regulators over violations of the Bank Secrecy Act (BSA) and anti-money laundering (AML) regulations. The state regulators found that Block failed to meet certain customer due diligence requirements, potentially allowing its services to be used for money laundering or terrorism financing. As part of the settlement, Block will also hire an independent consultant to review its BSA/AML program and submit a report to the states within nine months. The company will have 12 months to address…

This is a segment from the Empire newsletter. To read full editions, subscribe. Anthony Bourdain would famously go to great lengths to avoid and outwit a guy inside him who wanted to rot in bed all day. I do something similar with my inner contrarian. But I can’t help it with this one: The crypto portfolio of Trump-linked DeFi platform World Liberty Financial could very well turn out to be the crypto strategic reserve that many anticipate will soon be announced. And it’s already getting messy. To the conspiracy theorist that sometimes types for me — like the rat in…

There is no doubt that the developer activity index plays a crucial role in measuring the innovation level of crypto and blockchain-based projects. It is a record of events of contributions and changes occurring in various ecosystems along with advancements in technologies. The following list examines the twenty most active blockchain projects based on developer activity in the last 30 days to evaluate the pioneers behind decentralized development. High-Performing Platforms in Developer Engagement The first place belongs to Internet Computer (ICP), which has a very high developer activity score of 808.4. This crypto project is all about decentralizing Cloud Computing…

A United States legal firm has filed a class action lawsuit against Pump.fun, according to a Jan. 17 announcement. The law firm claims the platform caused financial losses for investors who traded the PNUT token. So, its suit seeks to represent all affected individuals who purchased PNUT and suffered damages. The lawsuit alleges Pump.fun breached securities regulations by failing to register PNUT with the US Securities and Exchange Commission (SEC). According to the filing: “Pump.Fun creates an ecosystem where every token, including the PNUT Token, shares identical characteristics that qualify them as securities under federal law. Pump.Fun’s uniform infrastructure ensures…

After closing last week above $101k, Bitcoin (BTC) price rallied over 3.3 percent in the past 24 hours to reach a new all-time high (ATH) of about $109,114. The flagship coin signaled the onset of a fresh parabolic rally fueled by rising demand from institutional investors, and soon nation-states. Following the sudden Bitcoin price surge after retesting the support level around $100k, more than $264 million was liquidated from the BTC’s leveraged market in the last 24 hours, with the majority involving long traders. The altcoin industry followed in similar volatility, thus resulting in $1.25 billion in forced liquidations, with…

Over-collateralization is an essential mechanism underpinning borrowing and lending in DeFi. Borrowers deposit collateral to access loans, which are set up as over-collateralized arrangements. This means the asset value deposited by a borrower must be higher than the loan amount they receive. The practice protects traders from the often extreme price fluctuations typical of cryptocurrency markets. Over-collateralized positions enable borrowers to build a buffer that safeguards liquidity providers and lenders in case the collateral’s value suddenly plummets. How to build an over collateralized position on a trading platform Let’s say someone is worried about inflation hitting the US dollar. They…

Famous market pundit Ben Armstrong (BitBoy) has voiced the bold view that market participants favoring XLM over XRP could regret their choice later on. Notably, XRP and its major rival Stellar (XLM) have been among the market leaders in price performance over the last three weeks. However, market commentators like BitBoy are favoring XRP over XLM despite XLM boasting a better price performance in recent times. XLM Beats XRP in Price Action With XRP trading at $1.50 today, the altcoin is up by 204% from its November low of $0.4937. However, its latest upsurge to the $1.6216 peak this month…

PumpFun Corp is facing allegations of running cryptocurrency pump-and-dump schemes. On Thursday, Kendall Carnahan, CEO of Sooner Payments, filed a lawsuit in a New York court, accusing the company of working alongside influencers to issue unregistered securities, described as Ponzi schemes. Carnahan, the lead plaintiff in the case, and his attorneys claim that Pump.fun’s-launched PNUT Token violated financial regulations by promoting it without proper registration with the U.S. Securities and Exchange Commission (SEC). The complaint went on to accuse Pump.fun of enabling bad actors to create and sell worthless tokens within minutes using its advanced tools. According to the plaintiff,…