Author: NBTC

Liquid staking protocol STFIL is allegedly under investigation by Chinese police amid concerning fund transfers and protocol upgrades. The STFIL team revealed in an X post on Apr. 9 that the core team members of the protocol are under investigation by local Chinese police. Although specific details surrounding the investigation were not disclosed, STFIL noted that legal representation has been engaged to manage the situation and support the individuals implicated. We believe that the STFIL core technical team is under investigation by local Chinese police, and we understand lawyers have been hired to understand the current situation and provide legal…

In a significant move for the cryptocurrency sector, Binance Holdings Ltd has successfully obtained a full crypto license in Dubai, marking a pivotal advancement in its operational capacity. Richard Teng, the CEO of Binance, confirmed this development during an interview with Bloomberg, emphasizing the strategic importance of this achievement for the company’s future. Expansion and Compliance: Binance’s Strategic Leap in Dubai Since mid-2023, Binance FZE, the Dubai-based arm of the global cryptocurrency exchange, has been operating under interim Operational MVP licenses. This transitional phase was crucial as it allowed Binance to maintain its services while striving for full regulatory compliance.…

Bitcoin prices appear to have exhibited an intriguing pattern of higher volatility on Tuesdays and Wednesdays since the launch of Bitcoin ETFs on January 11, 2024, per CryptoSlate analysis. While prices have tended to rise on Mondays, Tuesdays, and Wednesdays, there have been wilder intraday swings, with several V-shaped recoveries. Over the past three weeks, Mondays saw price increases of 10%, 9%, and 6.5% respectively. However, the following Tuesdays had significant price movements in both directions – a 5% gain followed by a 7% loss on March 5 (a 14% intraday swing) and a more modest 6% swing this past…

TL;DR SingularityNET and Minswap, a decentralized AI platform, and the first multi-pool decentralized exchange (DEX) on Cardano, respectively, have partnered to revolutionize DeFi on Cardano by integrating AI and DeFi. The partnership aims to enhance the Minswap platform using SingularityNET’s AI technology, improve user interfaces, streamline transaction processes, and optimize liquidity provision. It also plans to increase the accessibility and usage of SingularityNET’s cryptocurrency, AGIX, within the Cardano network. The collaboration is expected to contribute to the growth of the cryptocurrency industry as a whole, with benefits to Cardano including increased liquidity. The price of ADA and AGIX, and their…

The Shiba Inu ecosystem team has released the first internal build for the cryptocurrency’s collectible card game (CCG), Shiba Eternity. Notably, the highly anticipated internal build introduced a wide array of improvements to the game, ranging from performance enhancements to bug fixes, among others. Mazrael, a Shiba Inu ecosystem team member, provided insights into the latest update in an X post yesterday, noting that the internal build focused on two major areas: performance improvements and fixing issues regarding card interactions. #ShibaEternity First internal build is out! Performance improvements a plenty and fixed multiple card interactions such as princess andromeda not…

Prominent global cryptocurrency exchange KuCoin recorded substantial advancements in various aspects of its operations in the first quarter of 2024. KuCoin witnessed an explosive 121.85% growth in spot trading volume in the first half of 2024 compared to the figures from Q4 2023. The exchange announced this milestone in its latest review report for the first quarter of the year. The report noted that the surge in spot volume was particularly noteworthy in the Middle East and North Africa (MENA) region. In particular, the MENA region lead in volume increase with an impressive surge of 263.91%. Meanwhile, KuCoin remarked that…

As Bitcoin prices soar, the wealthiest investors are holding onto their assets. What’s driving this choice, and how does it affect the market? In recent years, the number of large Bitcoin (BTC) holders, called “whales”, has increased significantly. Data from Glassnode reveals a striking uptrend in the number of Bitcoin addresses holding over $100,000, escalating from less than 140,000 in July 2020 to nearly 680,000 by Mar. 12. Bitcoin addresses with a balance of more than $100,000 | Source: Glassnode Similarly, addresses possessing more than $1 million in Bitcoin surged from 13,000 in July 2020 to close to 120,000 on…

Mantle (MNT), the DAO-led web3 ecosystem centred around Ethereum layer 2 (L2) Mantle Network and Ether liquid staking protocol Mantle LSP, has announced a strategic partnership with IntentX, a next-generation OTC derivatives decentralized exchange (DEX). The collaboration aims to revolutionize decentralized finance (DeFi) liquidity and trading offerings. Mantle EcoFund invests in IntentX As part of the partnership, IntentX secured seed investment from Mantle EcoFund, enabling liquidity support and ecosystem integration. In addition, IntentX also received a grant of 250,000 $MNT from the Mantle Foundation, the largest grant awarded to date. The grant will be used to incentivize traders and users…

Yuga Labs, the startup behind the Bored Ape Yacht Club (BAYC), announced early Thursday that it has completed the burn of 4,295 Ethereum NFTs related to the crypto game HV-MTL. This comes the day after Yuga Labs sold two of its gaming IPs to blockchain gaming studio Faraway—HV-MTL was one of these IPs. With Faraway now in charge, the gaming studio requested that Yuga Labs burn the nearly $1 million worth of HV-MTL NFTs it held. “Burning” crypto assets refers to the act of sending them to an address where they cannot be reclaimed, effectively destroying them. With a total…

dYdX Chain, the foundation for the perpetual futures exchange dYdX, encountered a long 9+ hour halt early Monday morning. This interruption, deemed a “major outage,” was a consequence of a scheduled v4 upgrade to the chain. Following approximately nine and a half hours of downtime, dYdX implemented a fix for the software bug, allowing enough validators to engage, consequently enabling dYdX to recommence block production midway through Monday. The outage lasted for nine hours and thirty-two minutes, according to dYdX’s status page, however, the network showed resilience in promptly addressing and rectifying the issue. The implemented fix by dYdX does…