Author: NBTC
Fireblocks has released dApp Protection and Transaction Simulation products to help institutional DeFi users avoid suspicious smart contracts, phishing websites, and compromised dApps. The products check decentralized applications across 40+ blockchains via WalletConnect, Fireblocks’ browser extension, and MetaMask Institutional. Cryptocurrency custody specialist Fireblocks is helping institutions exploring decentralized finance (DeFi) from interacting with bad actors and falling victim to malicious attacks with new threat detection and smart contract evaluation tools. Fireblocks’ dApp Protection and Transaction Simulation products, which have been in beta testing since December of last year with Galaxy and Flowdesk, are now available to check decentralized applications across…
Artur Kirjakulov, the CEO of XPMarket.com, has argued that new tokens and the expansion of the XRP Ledger (XRPL) effectively benefit XRP value. Recently, the XPMarket CEO observed misconceptions circulating in the XRP community regarding the potential impact of new tokens and the expansion of XRPL’s ecosystem on XRP’s value. Kirjakulov firmly disagreed with the view that a larger XRPL ecosystem would negatively impact XRP. According to him, the development of XRPL’s ecosystem will have a direct positive impact on XRP. He further presented numerical data to counter the misconception. There’s a common misbelief in the #XRP community that new…
A U.S. Securities and Exchange Commission rule expanding the definition of a “dealer” to capture digital assets activity went too far, a lawsuit by the Blockchain Association and Crypto Freedom Alliance of Texas alleged. The suit, filed in the District Court for the Northern District of Texas on Tuesday, claims that the expanded definition of a dealer would capture people who are just trading in digital assets. The suit alleges that the SEC did not engage with the feedback it received during the rule’s public comment period and did not conduct “its statutorily required economic analysis.” The suit is asking…
As the Bitcoin price remains on track to reach $150,000, investing in BTC miners has emerged as the most effective stock proxy for BTC, according to analysts at research and brokerage firm Bernstein. Analysts Gautam Chhugani and Mahika Sapra noted in a client note that investors typically only consider the daily correlation of Bitcoin miners on days when Bitcoin is rising. They argue that this selective view is incomplete and that investors should adopt a cyclical view: “Miners almost always outperform Bitcoin during bull markets and underperform during bear markets. “For us, we are still in the middle of the…
Renzo Protocol’s liquid restaking token (LRT), ezETH, suffered a sharp depeg overnight, in response to an unpopular and misleading tokenomics announcement. LRTs are popular with so-called ‘airdrop hunters’ in the decentralized finance (DeFi) sector. Many opt to take on highly leveraged exposure to the ETH-pegged assets to increase their chances of receiving a portion of the project’s own token upon launch. However, the announcement faced significant backlash as it revealed that just 5% of Renzo’s REZ token supply was set aside for the initial airdrop (despite the disingenuous use of a not-to-scale pie chart). The image has since been adjusted.…
Non-fungible tokens are revolutionizing the way we collect and trade digital assets. Diving into the sports world, NFTs are providing users with the chance to own a piece of their favorite teams, athletes, and moments in history. It is worth noting that the NFT market and the various platforms that support it are rapidly evolving, Hence, numerous platforms and offerings have emerged over the years to grace the space. Basically, the interest to earn insight into the current trends and preferences in the NFT market, calls for the need to understand NFT drops, and particularly learn about the best and…
In a significant development for the cryptocurrency market, Toncoin (TON), Celo (CELO), Hashflow (HFT), JasmyCoin (JASMY), and Metis (METIS) have been officially listed on DWF Liquid Markets. From now onwards, traders can easily access these coins. These tokens are available in the following pairs for users TON/USDT, CELO/USDT, HFT/USDT, JASMY/USDT, and METIS/USDT. Earlier, Liquid Markets added $JOE, $LADYS, and $FLOKI as well. DWF Markets Welcomes Revived TON, Inclusive Celo, and Liquid Hashflow Toncoin (TON) is an important a decentralized layer-1 blockchain. It was initially developed in 2018 by the encrypted messaging platform Telegram. Apart from the project’s initial neglect, it…
In the latest twist of the ongoing legal battle between Ripple and the SEC, the crypto company’s Chief Legal Officer Stuart Alderoty has publicly addressed the company’s opposition to the SEC’s request for $2 billion in penalties. Alderoty emphasized that Ripple’s stance remains firm in challenging the SEC’s motion for remedies. Alderoty highlighted the absence of allegations or findings of recklessness or fraud against Ripple, stressing that the company had prevailed on significant issues during the legal proceedings. He condemned the SEC’s request for exorbitant penalties as further evidence of the regulatory agency’s intimidation tactics against the entire cryptocurrency industry…
The 2024 halving is behind us, and for some, that means that the reality has set in. Block rewards were cut in half earlier this month, going to 3.125 BTC per block from 6.25. The topic of how bitcoin miners prepared for such a drastic change was extensively covered, with some miners opting to diversify their revenue streams. Hut 8, for example, is already bringing in some revenue from segments like AI. And with AI being such a big buzzword on Wall Street last year, could we see more publicly-traded miners devote resources to the new technology? Read more: As…
Over 500 Pyth price feeds now enhance Morph’s DeFi ecosystem. Blockchain infrastructure provider Pyth Network announced the implementation of its price feed into Morph testnet. The collaboration introduces over 500 real-time price feeds from Pyth, spanning various asset classes, into Morph’s layer-2 platform. “The partnership between Pyth Network and Morph opens doors for developers to create cutting-edge DeFi applications that leverage reliable data and scalable infrastructure, driving innovation in the decentralized finance space,” stated Cecilia Hsueh, co-founder and CEO of Morph. Morph’s layer-2 solution is designed to enhance the Ethereum scaling experience by leveraging zero-knowledge (ZK) technology and optimistic rollups.…