Author: NBTC

OpenLedger, the sovereign data blockchain for artificial intelligence (AI), has successfully secured $8 million in its seed funding round led by prominent investors Polychain Capital and Borderless Capital, as per the latest information shared with Finbold on July 2. The funding round saw participation from a diverse group of investors, including Finality Capital, Hash3, HashKey Capital, and others, as well as angel investors such as Sreeram Kannan from EigenLabs, Balaji Srinivasan, Sandeep Nailwal from Polygon, and others. The importance of data quality in AI development OpenLedger is driving AI development by offering a permissionless infrastructure for the entire data lifecycle,…

Lido DAO (LDO) facilitates Ethereum staking, boasting a staggering TVL of $36.322 billion. Rocket Pool (RPL) offers innovative Ethereum staking solutions, accumulating a TVL of $4.615 billion. Jito (JTO) introduces liquid staking for Solana, with a TVL of $1.854 billion. Staking cryptocurrency is a well known approach for creating passive income.The nearness of fluid staking empowers investors to proceed utilizing their assets while generating returns. In the last 24 hours several liquid staking tokens stood out in the market. There are three most popular liquid staking tokens based on their TVL amount recorded on the DeFiLlama page. Lido DAO (LDO)…

South Korea’s crypto association asserts that local trading platforms are unlikely to conduct “mass delistings” even as they re-review 1,333 tokens over the next six months. South Korean crypto exchanges are set to re-evaluate over 1,000 tokens they listed earlier following the implementation of the Virtual Asset User Protection Act, which seeks to “protect the rights and interests” of crypto investors. In a Jul. 2 statement, the Digital Asset Exchange Alliance (DAEX), a trade union representing five Korean crypto exchanges, announced that starting Jul. 19, around 20 domestic crypto exchanges will undergo a six-month review period of 1,333 tokens in…

Singapore’s largest bank, DBS Group Holdings, has announced its entry into the cryptocurrency industry with stablecoins. According to Bloomberg, DBS will provide custody services for stablecoin reserves and offer related cash management services. This move comes through a partnership with Paxos Trust Co.’s local unit. Paxos had also recently received a license from the Monetary Authority of Singapore (MAS). Singapore’s Push for Crypto Innovation This development is part of Singapore’s broader strategy to foster productive uses of blockchain technology. The country has also been working to enhance its status as a global financial hub. Singapore has been actively developing regulations…

A whale has recently utilized $WETH tokens to purchase $SHIB coins. The on-chain analytics provider SpotOnChain noted that the whale spent up to 1K $WETH to buy nearly 149.3 $SHIB tokens in the last hour. The analytics platform took to its official account on the social media platform X to offer the details of this development. An early buyer-linked whale just swapped 1K $WETH ($3.83M) for 149.3 $SHIB in the past hour!The whale’s last $SHIB activity was selling 167B $SHIB ($6.13M) 3 years ago. These tokens were received from a super early buyer who bought 5.16T $SHIB with only 45…

In a significant development for decentralized exchange (DEX) technology, WOWMAX, a cutting-edge DEX aggregation protocol, has officially commenced operations on the Arbitrum blockchain network. The protocol’s launch was heralded on social media platforms where WOWMAX shared its innovative approach to optimizing swap rates through a sophisticated arbitrage strategy. This move is set to transform how transactions are conducted across decentralized exchanges by maximizing the efficiency of slippage management. WOWMAX is live on @arbitrum👀 https://t.co/j5pby7JItQWe significantly improve swap 💱 rates by complimenting liquidity aggregation with a complex DEX arbitrage ♻️ strategy.Here how it works 👇 1/🧵 pic.twitter.com/lDbajwVHkm — WOWMAX.Exchange (@WowmaxExchange) July…

Macro investor and fund manager Dan Tapiero believes there is a wave of crypto-related initial public offerings (IPOs) coming soon. In a new interview with Scott Melker, Tapiero says that the innovation going on with digital assets along with the sector’s growth potential is spurring more investment interest in so-called “public blockchain crypto businesses.” “I think that over the next 18 months, we are going to start to have some of these either IPOs or potentially I’m hearing now about maybe SPACs (special purpose acquisition companies) floating around there, pools of capital… They’re now calling them public blockchain crypto businesses,…

TON has taken rank 9 in the top 10 largest market cap cryptos worldwide. The altcoin has set new standards for the ongoing bull cycle and shows bullish signs. The asset could pump to $30 if it gains Binance and Coinbase spot trading listing. The Open Network (TON) has set a new and higher standard for this crypto bull cycle. Having just secured a rank in the top 10 largest cryptos globally according to market capitalization, TON has come a long way so far. Toncoin (TON) is a cryptocurrency and the native token on The Open Network blockchain platform. It…

Hong Kong’s crypto exchange HashKey has rolled out its own tap-to-earn bot in Telegram in a bid to boost hype around its HSK token. HashKey Group, an Asia-based crypto services company, said in a press release shared with crypto.news that customers can now access its tap-to-earn bot in Telegram dubbed DejenDog to claim its HSK. The exchange says a total of 10 million HSK are being distributed ahead of its planned listing in Q3 2024, adding that participants will “randomly” receive a base amount of “eligible HSK” upon logging into the bot. For additional tokens, users can interact with a…

Bitcoin (BTC) closed the daily candle with a robust 7.5% gain, signaling strong bullish momentum. Let’s examine why the $60,000 price has been a crucial entry point for investors and traders. Bitcoin Price Analysis: Breaking Down Key Technical Indicators The price is currently navigating within the daily Ichimoku Cloud, a critical technical indicator of market sentiment. A breakout above the cloud’s upper boundary would signify a potential continuation of the upward trend. Conversely, the cloud’s lower boundary around $62,000 and the 0.618 Fibonacci retracement level at $60,135 provide strong support levels. The chart shows that the price has tested the…