Author: NBTC
Index Coop has embraced Chainlink’s Cross-Chain Interoperability Protocol (CCIP), the industry’s gold standard for secure cross-chain communication, across both Ethereum and Arbitrum mainnets. This integration leverages CCIP’s Simplified Token Transfer technology, allowing seamless, cost-effective cross-chain transfers of DPI and MVI index tokens. This development ensures that Index Coop’s users can access their preferred indexes with ease. The decision to implement Chainlink’s CCIP stems from the protocol’s well-established reputation for reliability and security within the Web3 space. Chainlink’s decentralized oracle networks and its Risk Management Network provide continuous oversight of cross-chain operations to detect and counter any suspicious activities. Such meticulous…
Legendary trader Peter Brandt has shocked the community on his latest take regarding Bitcoin’s all-time high (ATH) price record. Taking to his official X account, the legendary trader revealed that the Bitcoin price has not achieved any ATH over the past three years. Peter Brandt yardstick The statement is at first counterintuitive to a layman because Bitcoin achieved its highest price level worth $73,750.07 on March 14. According to Peter Brandt, the Bitcoin price, adjusted for inflation, has not reached a new high in three years. Per this metric, Peter Brandt posited that despite the approved spot Bitcoin ETF and…
The adoption and use of Bitcoin and cryptocurrencies is increasing day by day. At this point, while cryptocurrencies are on everyone’s agenda, complaints about crypto are also increasing. According to the news of DHA, the popular platform Fikirvar announced the data regarding complaints about cryptocurrencies. Accordingly, Mutfakvar announced the complaints regarding cryptocurrency for the first 4 months of 2024. According to the data announced by Meryemvar, March 2024 was the month with the most complaints in the last 16 months. The number of complaints in March was 3 thousand 5223. While complaints increased by 22% in the first four months…
DAO Maker has achieved a remarkable feat, securing nearly $100 million in a presale for the PUNDU meme coin. The significant investment contributed within 36 hours reflects a pronounced appetite for high-risk ventures in the crypto market. However, the overwhelming response resulted in an oversubscription, necessitating refunds for contributors who sent funds post-target attainment. Solana Meme Coins in High Demand DAO Maker unveiled an impressive $97.6 million raised across Binance Smart Chain and Solana, drawing support from over 20,000 users. PUNDU, introduced by the launchpad just days ago, swiftly captured investor interest, with contributions exchanging SOL and USDT for PUNDU…
Major U.S. financial industry companies are teaming up to explore sharing ledger technology. The New York Innovation Center of the Federal Reserve Bank of New York will act as a technical observer. Citi, JPMorgan, Mastercard, Swift and Deloitte are among major companies with an interest in financial services teaming up to explore sharing ledger technology by simulating multiasset transactions in U.S. dollars. The research project, titled Regulated Settlement Network (RSN) proof-of-concept (PoC), will explore the potential of bringing commercial-bank money, wholesale central-bank money and securities such as U.S. Treasuries and investment-grade debt to a common regulated venue, according to a…
Nuklai is excited to unveil its new partnership with eesee; the platform is a gamified marketplace for high-value RWAs, NFTs and crypto tokens. eesee is supported by industry heavyweights such as Momentum 6 and Animoca Brands and has teamed up with Ape Terminal and ApeCoin, making it a key figure in the digital asset market. 📢 Partnership Announcement🤝We are partnering with @eesee_io, a gamified marketplace that eases access to high-value RWAs, NFTs, and crypto tokens.eesee is supported by industry players such as @Momentum_6 and @animocabrands. Its partners include @apecoin & @apeterminal. pic.twitter.com/3LWwuBoSvg — Nuklai (@NuklaiData) May 8, 2024 Nuklai and…
RedStone, a decentralized data ecosystem offering accurate and rapid financial information, has announced an exclusive integration. As per the announcement, the platform is integrating with Frax Finance, a decentralized finance protocol, to offer support for Fraxlend. On its official X account, the company expressed its enthusiasm regarding the latest endeavor. Powering Innovative Lending 🧠RedStone is thrilled to announce its support for Fraxlend by @fraxfinance, an isolated lending protocol. Fraxlend is using $FRAX $FXS $ETH and more price feeds in the RedStone Classic (Push) Model.Learn more 🧵 pic.twitter.com/4GliE0Y19w — RedStone Oracles ♦️ (@redstone_defi) May 7, 2024 RedStone Oracles Integrates with Frax…
The world of cryptocurrency investments has witnessed a noticeable uptick in activity, particularly within Bitcoin ETFs. As of April 23, 2024, the market saw a significant net inflow of $32 million into Bitcoin-related exchange-traded funds (ETFs). This marks a positive trend over three consecutive trading days, highlighting growing investor confidence in digital assets. Steady Inflows Signal Investor Confidence The recent trading sessions have been particularly favorable for Bitcoin ETFs, with notable consistency in capital inflows. This trend is underscored by the performance of major funds like the Grayscale Bitcoin Trust (GBTC), which has reported daily outflows remaining below $100 million…
Arbelos Markets, a crypto principal trading firm founded by digital asset derivatives veterans Joshua Lim and Shiliang Tang, said Wednesday that it raised $28 million in a “significantly oversubscribed” investment round. The fundraising consisted of seed equity and debt financing led by crypto venture capital firm Dragonfly Capital. A wide range of investors also participated in the round: investment firms Room40 Ventures, Selini Capital and Breed VC, corporate partners FalconX, Circle Ventures, Paxos, P2 Ventures (previously Polygon Ventures), Deribit, Chorus One, StarkWare and Immutable, and angel investors at Aevo, Cega, Talos, Amberdata, and Framework, the press release listed. The investment…
A trader recently swapped $80 for 1,869 XRP, essentially buying 1 XRP for a discount price of $0.0428 after a price impact from a single-sided deposit on an XRPL AMM. The Automated Market Maker (AMM) functionality for the XRP Ledger (XRPL) has finally gone live, but inexperience appears to be negatively affecting the use of the AMM pools on the network shortly after the ecosystem welcomed the feature. Single-Sided Deposits Impacting XRPL AMM This problem stems from the mass influx of single-sided deposits on AMM instances with XRP, as proponents flood the pools with XRP tokens. Notably, all AMM pools…