Author: NBTC

Decentralized exchanges are the lifeblood of decentralized finance (DeFi), allocating billions of dollars worth in total value locked (TVL) into the industry. Compared to centralized exchanges (CEXs), DEXs only account for a small percentage of the total trading volumes across margin and derivatives trading. However, they’re becoming increasingly more sophisticated with time. They provide some of the same benefits and features found within CEXs but also offer a trustless environment without third parties and some perks of their own. In this article, we aim to provide comprehensive information on the top DEXs in 2024, covering key details about each protocol,…

MultiverseX (EGLD) is the top gaining cryptocurrency among top 100 coins by market in the past 24 hours, with price up 11% after the team announced integration with Safepal. EGLD price rose to $32.93 on Friday, breaking higher from lows of $27.35 as most altcoins mirrored Bitcoin’s crash to under $54,000 earlier in the day. The upside also keeps MultiverseX in the green on the weekly time frame, currently with double-digit gains to contrast the picture for most altcoins that are deep red over the same period. MultiverseX soars amid Safepal integration MultiversX , formerly called Elrond, is a blockchain…

Julio Moreno, CryptoQuant’s head of research, highlights that Bitcoin’s price performance during halving years follows a pattern — one that could lead to a major rally in the final months of this year. “Bitcoin price performance in halving years:- 2024 performance really similar to 2016 and 2020 so,” Moreno wrote in a tweet. Bitcoin halving events, which occur approximately every four years and reduce the reward for mining new blocks by half, have historically been followed by substantial price increases. #Bitcoin price performance in halving years:- 2024 performance really similar to 2016 and 2020 so far.- If the price is…

Injective offers plug-and-play modules, enabling developers to quickly build dApps with features like prediction markets and decentralized insurance. Utila integrates with Injective, enhancing institutional clients’ ability to manage Real World Assets efficiently on the platform. In a recent tweet, Injective announced a unique way to provide plug-and-play modules that developers can use to quickly build financial decentralized applications (dApps). One of the most popular features is the exchange module, which supports binary options and allows users to develop prediction markets, betting applications, and much more. The exchange module’s flexibility and ease of use have made it a popular choice among…

BlackRock has taken over Grayscale as the largest digital asset fund manager in assets under management (AUM). As highlighted by James Butterfill, head of research at CoinShares, BlackRock now holds over $22 billion in crypto, while Grayscale nears $21 billion. The largest difference between both asset managers resides in spot Bitcoin exchange-traded funds (ETFs). BlackRock’s IBIT took the lead back in February, one month after the ETF launched in the US, and since then has expanded to $21 billion in AUM, according to DefiLlama’s data. Meanwhile, Grayscale’s GBTC holdings dwindled in the period, falling to $14.2 billion. Fidelity’s FBTC is…

Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. Hello earthlings. It’s finally Friday, and the weekend is our oyster. Similar to an oyster, Worldcoin may have an unsettling exterior, but once you get past the crusty gray shell, you’ve got something nice on the inside. I suppose oysters don’t look that nice on the inside either, but you get the point: You SHOULD give a damn ‘bout your bad reputation Last week, the Worldcoin Foundation announced that World ID would be coming to Solana, thanks to a…

While Bitcoin’s hashprice has been languishing below $44 per petahash per second (PH/s) each day, the network’s hashrate is beginning to climb once more. Between Aug. 9 and Aug. 17, the hashrate increased from 612 exahash per second (EH/s) to 637 EH/s, adding 25 EH/s over eight days. Miners Increase Bitcoin’s Hashrate After Difficulty Decline Eases Pressure In the past week, bitcoin miners have ramped up their computational power, especially following the Aug. 14 difficulty adjustment. The network’s difficulty fell by 4.19% from 90.66 trillion to 86.87 trillion, providing some relief after the 10.5% increase on July 31. Just days…

The release of dovish CPI inflation data on August 14 initially provided a bullish catalyst for Bitcoin (BTC), sparking optimism among investors. However, this positive sentiment was quickly overturned by a couple of factors, including U.S. authorities moving 10,000 BTC, valued at nearly $600 million, into a Coinbase Prime wallet, raising concerns about potential liquidation and its impact on market prices. As Bitcoin attempts to hold above the $60,000 mark, a crypto analyst has warned that its bearish plunge could have significant implications for the broader cryptocurrency market, especially altcoins. In an August 16 post on TradingView, analyst Alan Santana…

CoinZoom integrates traditional finance with crypto, offering services like a Visa debit card and FDIC insurance for U.S. users. Unizen’s hybrid exchange ecosystem addresses liquidity and KYC issues, making it a key player in CeDeFi. ChangeX combines crypto, DeFi, and banking with features like a non custodial wallet, and leveraged staking. In a maturing finance space, centralized decentralized finance is emerging as a model that aligns the best of both finance. These platforms offer security and user friendly interactions while offering the benefits of decentralized finance. While Binance was one of the first on CeDeFi, there are now many platforms…

Main Takeaways: Binance Labs has invested in MyShell, a decentralized AI ecosystem that allows everyone to build, own, and share AI Apps, through Binance Labs Incubation Season 6. By integrating dispersed talents and open-source models, and utilizing AI and blockchain’s inherent composability, MyShell is paving the way for the Crypto x AI future. Binance Labs, the venture capital and incubation arm of Binance, has invested in MyShell through Labs Incubation Season 6. MyShell is a decentralized AI ecosystem converging an AI model layer that allows everyone to build, share, and own AI Apps. MyShell was launched in April 2023 with…