Author: NBTC
Metaplanet adopts bitcoin as a reserve asset to hedge against Japan’s debt burden and yen volatility. At over 250%, Japan’s debt-to-GDP ratio is the highest among advanced countries, according to the IMF. Tokyo-listed Web3 infrastructure provider Metaplanet has adopted bitcoin (BTC) as a strategic reserve asset as a hedge against Japan’s debt burden and the resulting volatility in the yen. “Metaplanet has adopted bitcoin as its strategic reserve asset. The move is a direct response to sustained economic pressures in Japan, notably high government debt levels, prolonged periods of negative real interest rates, and the consequently weak yen,” the company…
In a groundbreaking collaboration aimed at revolutionizing decentralized finance (DeFi), Ondo Finance and Pyth Network have teamed up to launch the USDY/USD price feed across more than 65 blockchain ecosystems.— This strategic partnership marks a significant milestone in bridging traditional finance with the world of blockchain, empowering developers globally to integrate institutionalized assets seamlessly into their decentralized applications.Notably, According to Coingecko, the average daily trading volume for USDY surged from $573,122 during the week of June 27th to July 3rd to an impressive $3.5 million per day from July 4th onwards.Empowering DeFi with USDYOndo Finance is renowned for its expertise…
Ethereum price rose above $3,000 as bulls reclaimed the psychological level amid a broader crypto bounce on Wednesday. However, while ETH price reached highs above $3,126, on-chain data shows the cryptocurrency faces a significant hurdle at around the $3,200 level. 2 million addresses traded ETH at $3,200 According to data IntoTheBlock shared on Wednesday via X, the $3.2k level could be a key level to watch short term as roughly 2 million addresses traded ETH at that price. These addresses are currently in loss and may be looking to sell. In May, the Ethereum price struggled between the $2.8k and…
JERUSALEM, July 10 (Reuters) – The Bank of Israel (BOI) remains committed to plans for a digital shekel currency to improve Israel’s payments system and foster innovation, but is unlikely to launch one ahead of other advanced economies. “We’re all waiting for the first western central bank to pull the trigger, which is almost certainly going to be the ECB. And then you may see a rush of countries going forward with it,” Bank of Israel Deputy Governor Andrew Abir told Reuters. As of March, 134 countries representing 98% of the global economy were exploring digital versions of their currencies,…
Cryptocurrency analysis company Santiment, in its latest data, announced the altcoins that developers focused on the most in the last 30 days. The data in question was obtained based on changes made by developers in the open source codes of cryptocurrency projects on Github. Here are the 10 altcoins that developers focus on the most and their developer scores: Hedera (HBAR) – 552 Optimism (OP) – 543 Cardano (ADA) – 539 Chainlink (LINK) – 442 Starknet (STRK) – 384 Status (SNT) – 355 Internet Computer (ICP) – 336 Cosmos (ATOM) – 291 Polkadot (DOT) – 274 Kusama (KSM) – 274…
After the U.S. Department of Energy’s (DOE) first attempt to survey crypto mining companies about their energy usage was kneecapped by a lawsuit, the department is getting ready to try again – but this time, it’s seeking input from crypto industry participants first. The Energy Information Administration (EIA), a federal agency within the DOE that oversees energy statistics and analysis, hosted a public webinar on Wednesday to hear comments from interested members of the public – including crypto miners and industry participants – about how such a survey should be crafted ahead of a planned rulemaking proposal to be published…
Network3 has announced a partnership with Mask Network. Mask Network is a Web3 portal aimed at connecting Web2 users to Web3 functionalities. This collaboration aims to enhance Network3’s development efforts in community building. This alliance will also increase privacy enhancements, and improving access points from Web2 platforms. 🌟 Networks x Mask🌟🎉 We’re thrilled to announce a partnership with @realMaskNetwork!🌟 #MaskNetwork is a Web3 portal that aims to bridge Web2 users to Web3. With the assistance of Mask, #Network3 will significantly enhance its development in areas such as community,… pic.twitter.com/thiQTgjECw — Network3(at ETHCC 🇧🇪) (@network3_ai) July 9, 2024 Network3 Boosts AI…
A crypto trader who nailed the 2022 Bitcoin bottom thinks that BTC is at risk of witnessing an over 15% correction. In a new strategy session, pseudonymous analyst DonAlt tells his 59,300 YouTube subscribers that Bitcoin is in danger of losing its range low and support at $61,000 again after reclaiming it earlier this month. DonAlt warns that a daily close below $61,000 is a huge sign of weakness that will likely trigger a sell-off event that sends BTC close to $50,000. “This is just the bearish scenario. This was just kind of the complacency bounce off of the range…
Core DAO, an EVM-compatible chain powered by Bitcoin to offer Bitcoin’s non-custodial staking, has announced a new development. As per the company, it has upgraded its coreBTC token with a noteworthy enhancement by permitting lockers to utilize several assets for collateral. Apart from the CORE coin, the initial supported asset takes into account stCORE (a liquid staking coin). Say hello to an upgraded experience with coreBTC🔶In addition to the CORE token, the liquid staking token stCORE can now be used as collateral support for coreBTC. Productive collateral, since it generates yield while locked!But there’s more to come in order to…
A bigger percentage of Ethereum (ETH) blocks are specifically built to contain selected transactions. The rise of private mempools and block builders is raising questions about frontrunning advantages and the fairness of decentralized trading. Ethereum (ETH) is showing a bigger share of custom-built blocks, where transactions are specially selected. The practice of rearranging transactions has affected multiple networks, especially Solana. There is also data on Bitcoin having its own form of front-running transactions. The emergence of Ordinals and Bitcoin-based tokens has invited tools to front-run or block transactions, which may also result in private mempools. The trend of Ethereum private…