Author: NBTC
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. “Party Like It’s 1999,” sang Prince Rogers Nelson, because on June 1, 1999, a new computer software service would forever change how music was distributed, consumed, and even written. Napster was a peer-to-peer file-sharing service that quickly gained popularity among music fans—since its launch in May 1999, it had gathered over 20 million users by March 2000—looking for a way to share and download music online for free. The cataloging software, created by Shawn Fanning and Sean…
Chainlink has announced that Landshare is integrating its tokenization infrastructure. This includes CCIP and Automation. The objective is to unlock utility and liquidity for its native token, LAND. This pertains to expansion across Polygon, BNB Chain, and Arbitrum and enables users to transfer the token through Transporter. The development has been well received by the community, and its effects are evident in their respective token values. LAND is up by 2.78% in the last 24 hours to exchange hands at $2.20. It further reflects a surge of 18.39% in the last 7 days and a decline of 19.03% in the…
Earlier this week, crypto advocates received what appeared to be a sigh of defeat from one of the industry’s chief antagonizers: The U.S. Securities and Exchange Commission (SEC) amended a complaint in its high-profile lawsuit against Binance to shelve allegations that Solana, Cardano, and Ethereum scaling network Polygon are unregistered securities. Could it be that the SEC, which earlier this year caved on the security status of Ethereum, might be giving up on Solana as well? Could Solana ETFs—once unthinkable under the current administration—suddenly be on the horizon? Legal experts who spoke to Decrypt caution: Don’t break out the champagne…
A center aiming to drive blockchain innovation and establish Abu Dhabi as a hub for top global events and workshops, connecting industry leaders, has officially opened. Additionally, the blockchain center will incorporate a venture capital arm to support and invest in Web3 startups. Center to Serve as Platform for Launching Latest Blockchain Technology Apps A center aiming to drive growth and innovation in the Abu Dhabi blockchain sector has been officially launched. Known as the Blockchain Center, it seeks to establish Abu Dhabi as a global leader in blockchain technology and innovation. The center’s focus will be on creating a…
As Bitcoin (BTC) faces bearish pressure in the short term, analysts estimate that the maiden cryptocurrency’s next lifeline might emanate from the Federal Reserve’s decisions. In this line, market analyst Cristian Chifoi, in an X post on June 26, suggested that the next Fed interest rate cut is likely to elevate Bitcoin to an all-time high above $150,000. The analysis was based on parallels between the current market scenario and past instances of Fed rate cuts. Reflecting on the Fed’s actions in July 2019, the expert noted the rapid ascent of Bitcoin following the first rate cut, with the asset…
As the decentralized physical infrastructure networks (DePin) sector matures, Binance Research has pinpointed several pivotal themes for the latter half of 2024. These themes highlight the integration of DePin with traditional infrastructure and Web2 interfaces, the expansion of token utility, and the rise of ownership economy applications. DePin technologies are carving a niche by facilitating a transparent, decentralized infrastructure network. This innovation is crucial, allowing individuals and small entities to contribute underutilized resources to infrastructure development. DePin Will Coexist With Web2 Infrastructure Binance Research believes that by fostering a sharing economy, DePin enhances last-mile coverage and complements existing networks. As…
On the campaign trail, former United States President Donald Trump says crypto holders should be concerned about the Orwellian implications of a digital dollar. But behind the scenes, the Federal Reserve is not moving forward on developing a central bank digital currency (CBDC), according to Fed Chair Jerome Powell. “In terms of a CBDC, there’s really nothing new going on,” Powell said during Wednesday’s Federal Open Markets Committee meeting. “There’s not much going on at all.” The creation of a digital dollar has served as a rallying cry for conservatives including Republican Florida Governor Ron DeSantis and Sen. Ted Cruz…
Between yesterday and today, the collapse of the Bitcoin price that started over the weekend has ended. The situation seemed to be critical, but in the end, it turned out to be solid anyway. The collapse of Bitcoin and the price analysis today The lateralization The price situation today after the Bitcoin crash The last days The collapse of Bitcoin and the price analysis today In reality, although many have defined it that way, it was not a true and proper collapse. The loss, however, was clear and swift, even though it was perfectly in line with the behavior of…
SushiSwap, a prominent decentralized exchange, has announced the completion of Chain Subscription Payment on the SKALE Network. The effective accomplishment of the respective initiative by SushiSwap enables the company to keep operating on the Europa Liquidity Hub of the Skale Network. The platform took to its official social media account on X to provide the details of this significant development. Good news 🎉 We’ve made our chain subscription payment to keep Sushi cooking on the @SkaleNetwork Europa Liquidity Hub!Thanks to SKALE, validators earn from dApp subscriptions, so there are NO GAS FEES for you!Enjoy SushiSwap with zero gas fees! 🍣🚀https://t.co/kEo5LRdWrO…
Ripple has reportedly divested its stakes in Bitstamp and Tranglo. This surprising move has left many in the crypto community speculating about the underlying reasons, as the company has not offered an explanation. Based on data from Crunchbase, Ripple has sold its investments in Bitstamp, a popular cryptocurrency exchange, and Tranglo, a platform for international payments. These actions are reflected in updates on Crunchbase, which document these changes in Ripple’s portfolio. However, Ripple has not provided reasons for these strategic decisions. Ripple’s departure from Bitstamp is particularly noteworthy in light of Bitstamp’s recent acquisition by Robinhood for $200 million. This…