Author: NBTC
Ontology (ONT) is experiencing a significant uptick in on-chain activity as decentralized identity protocols gain momentum, according to its latest weekly report. This surge highlights Ontology’s expanding role in enhancing the Web3 landscape with robust technical advancements and increased user engagement. 🚀 This week at #Ontology: We’re back from #ETHCC, shared our session from @mpost_io’s Hack Seasons, & wrapped up our giveaway with @xwg_games ! 🌐 Plus, exciting developments on @ONTOWallet & more! Stay tuned & join the conversation:https://t.co/kcguLJ5M03 — Ontology #BUIDL4Web3 (@OntologyNetwork) July 24, 2024 The report reveals a vibrant ecosystem with the number of decentralized applications (dApps) on…
According to a breaking development, the co-founder of Debt Box, a crypto company sued by the SEC, was kidnapped and more than $400 million was stolen. The company’s co-founder and partner, Jason Anderson, was allegedly kidnapped and forced to give up control of his company, Debt Box, and approximately $400 million. The shocking allegations were revealed in a police report filed by Anderson’s brother in Utah and later obtained by Fortune. Anderson had gone to Dubai for a business meeting. However, it is claimed that he was kidnapped by two business partners while trying to leave the country. Under conditions…
Decentralized exchange D8X is working on building a perps market that will allow users to trade Polymarket contracts with leverage. D8X estimates that this will launch on mainnet in August. D8X, a decentralized exchange (DEX) for crypto perpetuals said it’s working on bringing leverage to Polymarket’s prediction markets. D8X launched on Polygon’s zkEVM, a zero-knowledge (ZK) rollup scaling solution, in January this year after closing a $1.5 million pre-seed round in August 2023. It then expanded to OKX’s X Layer in May and Arbitrum in June. In an interview with CoinDesk, D8X co-founder Caspar Sauter explained that the system works…
Colorado-based Bitcoin mining company Riot Platforms has acquired its Kentucky-based competitor Block Mining to increase its operational capacity by 16 EH/s. Bitcoin (BTC) miner Riot Platforms has acquired Block Mining, a Kentucky-based crypto mining firm, for $92.5 million to expand its operational resources. The company said in a Jul. 24 press release the deal immediately adds 1 EH/s to its self-mining hashrate “with a potential to add up to a total of 16 EH/s by the end of 2025.” The acquisition includes a $18.5 million cash payment and $74 million in Riot common stock. “With a combined 60 MW of…
Bitcoin is tumbling, but how far can it go? The leading cryptocurrency has fallen over 5.7% over the past week. Today, it dropped below $57,000 as several wallets linked to defunct crypto exchange Mt. Gox made minor transactions. Persistent selling by the German government, today moving another $75 million of Bitcoin to exchanges, has also seemingly spooked investors. “The short-term outlook is somewhat bearish, but not extremely so,” Basile Maire, co-founder of decentralized exchange D8X and former bank treasury specialist, told Decrypt. Macroeconomic conditions and the uncertainty clouding U.S. elections is likely also playing a role in current bearish sentiment.…
The SND Genesis Battle Pass collection dominated the non-fungible token (NFT) market with a US$1.39 million sales volume on Tuesday, July 23, according to data from CryptoSlam. The Ethereum-based collection is linked to Sword & Dungeons, a role-playing game backed by OKX Ventures. The industry-leading secondary sales volume came after the game minted 4,000 Genesis Battle Pass NFTs, which were subsequently sold out. SND Genesis Battle Pass had 2,460 unique buyers from just 96 sellers. This helped Ethereum retain its top spot with a total of US$6.27 million in sales for the day, rising from the US$4.16 million recorded the…
A managing partner at SEC-regulated Registered Investment Advisor Two Prime has discussed the potential impact of spot ether exchange-traded fund (ETF) launches on the cryptocurrency market. He explained that early demand could be greater than when spot bitcoin ETFs launched and suggested that a sharp uptick in ethereum price from the ether ETFs could lead to a resurgence of altcoins. Alexander Blume Analyzes the Impact of ETH ETFs Alexander Blume, managing partner at Two Prime, a U.S. Securities and Exchange Commission (SEC)-regulated Registered Investment Advisor (RIA) specializing in digital asset derivatives and managing over $500 million in assets, has shared…
Early employees of startups are often given shares as part of their compensation, which they can sell when the company goes public. Revolut may be aiming to allow employees to cash out their holdings while giving the fintech firm’s valuation a boost ahead of an IPO. Digital bank Revolut plans to sell around $500 million of employee-owned shares, the Wall Street Journal reported on Tuesday. The deal would see Revolut’s value rise to $45 billion, according to the report, which cited people familiar with the matter. The London-based fintech company has allowed the buying and selling of crypto within its…
Popular tracking platform Shibburn has published two tweets that show a drastic increase in the SHIB burn rate, which happened within just a single hour and almost pushed this indicator out of the red zone. Now, just less than 5% stands between the SHIB burn rate and the green area. More than 40 million SHIB has been destroyed within that hour, in addition to more than 10 million of them burned earlier today. 57.4 million SHIB removed for good The first tweet shows that the amount of meme coins burned in the past 24 hours totaled 17,158,090 SHIB, with the…
US Representative Alexandria Ocasio-Cortez (AOC) has sparked controversy within the crypto community by labeling digital assets as a special interest group. In response, Gemini co-founder Tyler Winklevoss criticized AOC’s remarks, suggesting that her political consultants overlooked crucial data about the widespread adoption of cryptocurrency within the U.S. Politicians like AOC believe that crypto is a special interest group. They should fire their political consultants because they obviously didn’t give them the data. Crypto is owned by at least 50 million Americans. This means that it is a general interest group. Anti-crypto… — Tyler Winklevoss (@tyler) July 22, 2024 With over…