Author: NBTC
ZNS Connect, a decentralized naming system, has announced its latest partnership with Form Network, an L2 SocialFi blockchain. The partnership targets to revolutionize the on-chain interactions by simplifying them with domain names that humans can read. The Web3 platform took to social media to reveal this partnership. 🌟Big News! ZNS Joins Form Network🌟We’re excited to share that ZNS Connect is now the Name Service Provider on @0xForm Network!Form Network, the SocialFi Layer of Ethereum, is redefining the way we interact on-chain, and ZNS is here to make those interactions even simpler… pic.twitter.com/sKil0jKob0 — ZNS CONNECT (@ZNSConnect) December 19, 2024 ZNS…
On Thursday, the price of the world’s largest crypto plunged to its lowest level in over a week within minutes, sparking over $1 billion in digital asset liquidations before sharply rebounding. Starting at 5:26 pm ET, Bitcoin’s price plunged 6.3% to a low of $92,000 within three minutes. It then quickly rebounded above $97,600 before dipping another 1%, according to Coinbase data. Despite slipping 1.7% on the day to $97,100, the asset is still up over 39% in the past 30 days, driven by bullish enthusiasm surrounding President-elect Donald Trump. The move triggered more than $1.07 billion in liquidations across…
In the decentralized finance (DeFi) sector, Mantle Network has stirred the market with the inclusion of Compound III into its network. This partnership is a major development in improving borrowing and lending on Mantle and offering users new collateral choices and a secure environment for obtaining them. Mantle 🤝 @growcompoundCompound III is now available on Mantle Network, featuring @ethena_labs $USDe (base asset) and @IgnitionFBTC FBTC, @mETHProtocol mETH and wETH as collateral. pic.twitter.com/FxPACMpUxG — Mantle (@0xMantle) December 20, 2024 The Collaboration Explained The addition of Compound III introduces Ethena Labs’ $USDe as the base asset to the Mantle Network, along with…
Wall Street’s rate cut outlook is overly pessimistic. This week brings an important update for investors everywhere. The Federal Reserve will update its interest rate policy on Wednesday Dec. 18. The consensus expectation is for a 25 basis point cut, lowering the effective rate to 4.4% from the current level of 4.7%. The more important part of the discussion will be the outlook for the path of interest rates next year. Investors want to know whether policymakers still intend to lower rates by another 100 basis points next year, as the group endorsed in September, or if the viewpoint has…
As attention-grabbing as Bitcoin’s (BTC) rally to $100,000 and XRP’s above $2 was, various other tokens and meme coins have recorded stellar gains in 2024, with many rising well above their old highs. The original meme coin, Dogecoin (DOGE), both is and isn’t an exception to this rule. The dog-themed cryptocurrency’s yearly surge would have generated exceptional returns to any investor, albeit less than an early 2021 purchase, followed by a cashing out in May of the same year. Under the circumstances, even a relatively late DOGE investment made on January 1, 2021, would have generated a massive windfall by…
Caroline Crenshaw’s renomination to the SEC was blocked after the crypto industry campaigned against her due to her critical stance on digital assets. With her term ending soon, the industry hopes President Trump will push for crypto-friendly replacements, such as Chris Brummer or Jai Messai, in the new Congress. Caroline Crenshaw, a Democrat who is not supportive of crypto, had her reappointment to the SEC canceled. The Senate Banking Committee canceled the vote after significant pressure from the crypto industry, which urged Senate Democrats to stop her due to her negative views on cryptocurrency. Crypto industry blocks Crenshaw’s renomination Crenshaw,…
Deutsche Bank is taking its blockchain strategy forward by developing a Layer 2 network based on ZKsync technology called DAMA 2 with the help of Axellar (AXL) developer Interop Labs. The initiative, reported by Bloomberg, addresses compliance challenges in regulated finance by improving transaction efficiency and strengthening regulatory oversight over public blockchains. The project is part of Project Guardian, a blockchain-focused initiative spearheaded by the Monetary Authority of Singapore (MAS). Deutsche Bank and Interop Labs, the original developer of the Axelar Network, are collaborating on the initiative to provide secure cross-chain interoperability for financial institutions. DAMA 2 leverages Memento Blockchain’s…
Bitcoin shrank under the $100,000 psychological level after hitting a new all-time high yesterday; the Bitcoin market was liquidated to more than half of a billion dollars just in a day. The crypto market has seen massive market liquidations of up to $565 million on Bitcoin (BTC) alone, as the coin reached a new all-time high of $103,900 on Dec. 05. The total of the day’s market liquidations reached $1.09 billion, which was led by Bitcoin and followed by other crypto, including others’s $120 million, Ethereum (ETH) $107 million, and Ripple’s token (XRP) $54 million. 24 Hours Market Liquidations Map,…
Pendle Finance, a popular protocol enabling future yields’ trade and tokenization in RWAs, has announced its partnership with UsualMoney. As per Pendle Finance, the partnership targets to release the $USUALx token. The DeFi platform took to social media to share the news of this upcoming event with the community. Can’t get enough of @usualmoney? Us too!Strap in and turn on the afterburners $USUAL accumulatooors, it’s time for🚀 USUALx (27 Mar 2025) pic.twitter.com/EoekW8QId9 — Pendle (@pendle_fi) December 20, 2024 Pendle to Launch the UsualMoney-Native $USUAL Token’s Staked Version ‘$USUALx’ Pendle Finance mentioned in its recent X post that, in collaboration with…
A Consensys – YouGov 2024 Global Survey on Crypto and Web3 shows that nearly half of the world’s population has interacted with cryptocurrencies. The study that sampled 18,652 adults across Africa, the Americas, Asia, and Europe, revealed that up to 40% of people worldwide own or have bought crypto. Additionally, developed countries are trailing the emerging markets in crypto, Web3, and blockchain adoption. An excerpt of the findings reads: A majority of respondents in Nigeria (73%), South Africa (68%), the Philippines (54%), Vietnam (54%), and India (52%), either currently own or have owned cryptocurrencies in the past. On the other…