Author: NBTC
Despite a costly $43 billion dollar mistake, a looming 6-month suspension and having to pay the highest fine ever for a South Korean VASP, Bithumb’s board members intend to reappoint the current CEO, Lee Jae Won. The executive’s reappointment would not have even been a matter for consideration if not for a legal loophole that might not be around forever. Under South Korean law, crypto exchanges are not legally classified as financial institutions, giving Bithumb’s board the opportunity to propose the reappointment of the current CEO rather than him being forced to step down. Bithum’s CEO could be coming back…
DeFiLlama, the largest data aggregator and dashboard for Decentralized Finance (DeFi), has revealed the list of Top Crypto Projects by weekly TVL Growth. Total Value Locked (TVL) means the total dollar value of cryptocurrency assets locked within a certain decentralized finance (DeFi) protocol. Altura ($ALU) stands at the first position with $10.2M in TVL, after getting the change of +45.4%, in the list of other top projects over the past 7 days, with a market cap of $4.3M. TOP PROJECTS BY WEEKLY #TVL GROWTH$ALU $F $APW $QUBIC $CFG $RAIN $DRV $NOTE $SPK $EUL pic.twitter.com/rWBZ417epc — PHOENIX – Crypto News &…
Ethereum price started a sharp decline below the $2,220 zone. $ETH is now consolidating above $2,020 and might aim for a recovery wave if it climbs above $2,110. Ethereum started a sharp decline below the $2,200 zone. The price is trading below $2,120 and the 100-hourly Simple Moving Average. There are two bearish trend lines forming with resistance at $2,120 and $2,165 on the hourly chart of $ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,165 resistance. Ethereum Price Turns Red Ethereum price failed to stay above $2,220 and started a…
Key Takeaways The Fed’s development of new payment systems has been significantly delayed. Payment system improvements by the Fed are often reactive rather than proactive. Current payment systems operate like batch processes, which are outdated. Access to funds after a paycheck is issued should be immediate. Uncertainty in fund availability creates challenges for financial management. Many people using check cashing services actually have bank accounts. Immediate cash access is a primary reason for using check cashers. The Federal Reserve is criticized for not addressing delayed payments effectively. Real-time payments do not require blockchain technology. The Federal Reserve has been neglecting…
Prediction market activity has climbed sharply as traders flock to contracts tied to the escalating US-Iran conflict, while Washington moves toward clearer federal rules for event contracts and a legislative push to explicitly bar markets tied to war, terrorism and death. Notional trading volume on Polymarket and Kalshi rose to new all-time highs during the week ending Monday, March 9, to $2.49 billion and $2.85 billion, respectively, according to Token Terminal data. The growing activity has pushed the total notional volume across all prediction markets to $145 billion through 2.8 million unique users, data from Dune shows. While the ongoing…
Data from South Korea’s leading cryptocurrency exchanges, Upbit and Bithumb, indicates a significant increase in trading volume over the past 24 hours, particularly in certain altcoins. A combined analysis of data from both platforms reveals strong demand in the South Korean market for both major assets and specific altcoins. Upbit is experiencing very high trading volumes. TRON ($TRX) tops the list with a volume exceeding $136 million, while major assets like $XRP and Bitcoin also stand out with high trading activity. Bithumb data supports a similar picture. While major assets like $XRP, Bitcoin, and Ethereum continue to generate high volume,…
Key takeaways Xero operates as a unified blockchain system, eliminating the need for separate entities managing different layers. LayerZero Labs has delved deeper into various virtual machines and architectures than any other group. Layer twos do not inherit the security of layer ones, contrary to common belief in the industry. The future of blockchain technology involves a unified system ensuring trustless community interactions. Chains prioritize assets over the infrastructure that connects them, shifting focus from service providers. The introduction of Layer Zero technology is expected to advance the blockchain industry’s roadmap significantly. Centralization in blockchain expansion is counterproductive to the…
Uniswap Labs is back with another eye-catching milestone, this time highlighting the scale of activity flowing through layer-2 networks on the Uniswap Protocol. In a post shared by the team, Uniswap said L2 swap volume has crossed the $1 trillion mark, pairing the message with the phrase “Pink acceleration.” The graphic makes the point with no subtlety at all: layer-2 trading on Uniswap is no longer a side story, but one of the main engines behind the protocol’s growth. The message lands with extra weight because Uniswap has been talking about scale for some time. In earlier official posts, the…
Key Takeaways AI agents are envisioned as fully autonomous economic actors, shaping the future of economic systems. The launchpad model incentivizes AI agents with transaction fees, supporting their economic activities. Integrating physical AI and robotics could unlock new capabilities for autonomous agents. The incubator model combines tokenization with support for humanoid robotics projects to enhance project viability. A robotics token reaching a $5 million market cap secures residency in the program, linking financial success to resource access. Teleoperation of robots is expected to become commercially viable before full automation. Outsourcing physical labor through teleoperated robots can result in significant cost…
Key Takeaways Freedom is often threatened by fear and greed, which require active management. Confronting the fear of death can lead to a more fulfilling life. Alcohol consumption can lead to brain cell paralysis and death, impacting cognitive abilities. Setting personal rules and not being afraid to be contrarian can be beneficial in social settings. Fear is a fundamental issue that drives many to seek temporary escapes like alcohol. Conformity can hinder personal growth and competitive advantage. Pursuing a unique niche and curating information sources are crucial for mastery and standing out. Mobile phones can be unnecessary distractions that hinder…