Author: NBTC
SubWallet has announced the integration of key features designed to expand the functionality and accessibility of the Polkadot ecosystem. The new updates include support for Polkadot <> Kusama and Polkadot <> Ethereum bridges within its browser extension. On top of that, it includes the integration within the Asset Conversion pallet on its web dashboard. This new pallet allows users to swap between DOT, USDT, and USDC on the Polkadot Asset Hub network. Key highlights: SubWallet now supports Polkadot <> Kusama and Polkadot <> Ethereum bridges. The new Asset Conversion pallet enables swapping between DOT, USDT, and USDC. These updates significantly…
In the past two months, Bitcoin has maintained a sideways trading pattern following a significant rally that drove its price past previous all-time highs. This period of stability raises questions about what might drive Bitcoin into the next phase of growth. According to Cryptoquant analyst Gustavo Faria, historical surges in Bitcoin’s value have often aligned with notable increases in the global money supply (M2), indicating high liquidity and a strong investor risk appetite. Such conditions typically attract considerable new capital to the market, leading to peaks driven by retail investor FOMO (fear of missing out). However, this trend has not…
Web3 Foundation has announced a new grant awarded to PolkaPort East, aimed at furthering decentralization and bolstering community engagement within the Polkadot (DOT) ecosystem, as per the latest info shared with Finbold on June 4. This Decentralized Futures grant is the first such grant to an organization in Asia. Polkadot to drive growth in Hong Kong and the Greater Bay Area PolkaPort East, an independent entity focused on investor relations and growth initiatives in Hong Kong and the Greater Bay Area, will utilize the grant to drive regional growth. The initiative aims to promote Polkadot’s technology, fostering strategic investments and…
Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter. Welcome to the On the Margin Newsletter, brought to you by Ben Strack and Casey Wagner. Here’s what you’ll find in today’s edition: Binance notched a small win in its suit with the SEC last week. Here’s what else the opinion said. Why the US ether ETF launches will come after Independence Day. We are days away from a big holiday weekend, but the economic calendar is still packed. Binance’s little win Like Coinbase did…
Duba-based digital bank Zand has signed a strategic partnership with Swiss crypto management platform Taurus to offer digital asset services. Swiss crypto management firm Taurus is now a “strategic partner” for Dubai-based digital bank Zand Bank as the financial lender wants to expand its crypto offerings and services tied to tokenized securities. Zand, licensed and regulated by the central bank of the UAE, said in a press release sent to crypto.news it will rely on Taurus’ crypto wallet services, both hot and cold, to offer custodian services for crypto, non-fungible tokens (NFTs), and digital currencies. Zand will also leverage Taurus’…
Israeli crypto firm Ironblocks is spearheading a new security layer called Venn that will vet blockchain transactions before they’re executed, potentially averting multimillion-dollar attacks and hacks. Venn is a security product: its customers – lending protocols and beyond – will pay a small fee in exchange for what’s essentially an extra set of eyes making sure nothing suspicious is happening on their books. But instead of one pair, they’ll get many operators on the lookout for fraud, says Ironblocks CEO Or Dadosh. That’s because Venn is set to be a decentralized network much like the blockchains that all DeFi protocols…
The Bitcoin (BTC) network activity has dropped to lows previously seen in February 2019, five years ago. At that time, BTC was trading at $6,380 – ten times lower than its current price of $63,800. Finbold retrieved premium data from Santiment on May 15, which shows a 5-year low count for Bitcoin’s 30-day active addresses. Essentially, this metric looks at the number of distinct addresses participating in a transaction in the last 30 days. Each address is counted only once for the window and represents the overall network activity in a given period. Notably, the Bitcoin network registered 12.64 million…
iExec, the company with the platform to build, own, and monetize in Web3, has announced the release of an upgrade to their DataProtector dev tool, dubbed the ‘Monetize Version’. This latest innovation introduces an upgrade that offers new methods for Web3 developers, DApp users, and content creators to manage and monetize their digital assets. Since its inception in 2016, iExec has been a pioneer in offering solutions that prioritize data protection and ownership. The updated DataProtector ‘Monetize Version’ reaffirms iExec’s dedication to innovation, delivering powerful tools that give developers the means to return control over digital assets to their users.…
The Digital Chamber (TDC) has urged the U.S. Securities and Exchange Commission (SEC) to end its attacks on the crypto industry following its enforcement action against Consensys. The chamber argues the SEC’s actions are overreaching and detrimental to financial innovation and inclusion. Digital Chamber Criticizes SEC’s Action The Digital Chamber (TDC) has called on the U.S. Securities and Exchange Commission (SEC) to end its attacks on the crypto industry following the agency’s action against Consensys Software last week over Metamask swaps and staking services. In a statement released on Monday, the Digital Chamber stated that it “strongly opposes the SEC’s…
The leading cryptocurrency exchange, KuCoin, has implemented a 7.5% transaction fee tax on all trades executed on the platform for its Nigerian users. According to an official announcement, KuCoin will start collecting a value-added tax (VAT) of 7.5% on transaction fees from July 8 to align with recent regulatory developments. This update affects all users with their Know Your Customer information registered in Nigeria. KuCoin to Tax Nigerian Users To avoid misunderstandings about the latest development, KuCoin clarified that the VAT applies to the transaction fees in each trade, not the transaction amount. For instance, a 1,000 Tether (USDT) transaction…