Author: NBTC
Crypto custodian Hex Trust is teaming up with Monad Labs, becoming the first custodian to offer custody services for the Monad layer-1 network. Hong Kong-based crypto custodian Hex Trust has partnered with blockchain developer Monad Labs to offer such services for the Monad ecosystem, according to a press release seen by crypto.news. The blockchain developer says the collaboration marks a “significant milestone” as Hex Trust becomes the “first custodian that will offer support for the custody of assets on the Monad blockchain.” Commenting on the news, the business development lead at Monad Labs Joey Anthony said the firm decided to…
A cryptocurrency trading expert has issued a cautionary warning to Bitcoin (BTC) investors, suggesting that a price crash might be imminent as the maiden digital asset struggles to break through the $65,000 resistance level. In a May 12 TradingView post, analyst Alan Santana highlighted signs indicating a possible downturn in Bitcoin’s price. Santana pointed to Bitcoin’s technical indicators and recent price movements as evidence supporting the likelihood of a forthcoming crash. The expert identified a troubling pattern reminiscent of a cap formation, suggesting a looming trend reversal. Compounding this observation, the all-time high and subsequent lower high sessions concluded with…
Pyth Network, a blockchain market and finance data oracle, has launched its latest product, Express Relay, as per the latest information shared with Finbold on July 11. Launched on the Pyth mainnet, the new product offers a decentralized solution to Miner Extractable Value (MEV) issued prevalent in decentralized finance (DeFi) transactions. Express Relay connects DeFi protocols with established searchers through protocol-controlled auctions for high-value transactions, such as liquidations. Notable searchers integrated with Express Relay include Flow Traders, Wintermute, Auros, Flowdesk, Caladan, Tokka Labs, and Swaap Finance. Enhancing liquidation on DeFi protocols MEV allows miners and validators to gain more value…
Bitwise Head of Digital Assets Research Matthew Sigel said more than $6 trillion could flow into crypto from inheritances over the next 20 years. On July 8, Sigel cited the 2024 Bank of America Private Bank Study, which said that Gen X, millennials, and future generations could inherit $84 trillion from seniors and Baby Boomers through 2045. For $6 trillion to flow into crypto, young US investors aged 21-43 must inherit $42 trillion from Baby Boomers and continuously allocate 14% of the amount to crypto investment. Young investors must invest $300 billion annually over the next 20 years. The study…
Bitget Wallet has just dropped a hand grenade by announcing the launch of an MPC wallet connected with Telegram and the TON blockchain. This is the first multi-party computation wallet developed within the Telegram ecosystem, capable of offering greater security and flexibility to the community The collaboration between TON and Bitget could facilitate the onboarding of a mass of users on both sides, pushing the adoption of cryptocurrencies.Let’s see all the details below. What is a “multi-party-computation” (MPC) wallet? Bitget Wallet launches MPC solution for the Telegram ecosystem and the TON blockchain Partnership Bitget and Telegram: growth opportunities on both…
Calm Sunday morning was disrupted, when two dormant Bitcoin (BTC) wallets, untouched for over a decade, have sprung to life, shaking the cryptocurrency market with their monumental activity. According to Lookonchain’s latest findings, these wallets, inactive for precisely 10.7 years, have swiftly transferred their entire holdings of 1,000 BTC, currently valued at a staggering $60.9 million, within a mere 20-minute window. The wallets in question, identified as “16vRqA” and “1DUJuH,” received their initial deposits of 500 BTC each back in September 2013, when Bitcoin was valued at a modest $124 per coin. Fast forward to today, and these addresses have…
Pyth Network has officially launched its newest product, Express Relay, on mainnet. This product aims to address the persistent issue of Miner Extractable Value (MEV) in DeFi transactions. This aspect of on-chain finance was previously considered unavoidable. Express Relay Reduces MEV Costs for DeFi Protocols Express Relay connects DeFi protocols directly with a network of established searchers through protocol-controlled auctions for transactions such as liquidations. There are several searchers which are already integrated with Express Relay. These include Flow Traders, Flowdesk, Caladan, Auros, Tokka Labs, Wintermute, and Swaap Finance. MEV means miners or validators reaping most of the value from…
The Ethereum (ETH) price hike after a week of downward momentum has triggered increased whale activity. ETH is up by 5% in the past 24 hours and is trading at $3,065 at the time of writing. The asset’s market cap is currently standing at $368 billion. The price surge comes as Ethereum recorded a 10.7% plunge over the past seven days. ETH price, RSI, whale activity and open interest – July 9 | Source: Santiment Moreover, ETH’s daily trading volume saw a 46% rally, reaching $21 billion. At this point, Ethereum is still down by 37% from its all-time high…
The former kickboxer, accused rapist, and human trafficker Andrew Tate said he wants to “fix” crypto, describing his plan as “an idea that allowed people to make money from the things they should make money from.” Tate, who was cleared to leave Romania while awaiting trial on criminal charges, joined crypto influencer and Rug Radio creator Michael “ThreadGuy” Jerome for a sprawling, three-hour conversation on topics ranging from masculinity to COVID-19 vaccines to hedonism. In addition to a separate British arrest warrant for charges of rape and sexual assault, Tate is now accused of being a serial tax evader during…
In 2021, streaming giant Twitch suffered a massive data leak when an anonymous hacker got access to the company’s server and private data, including the platform’s source code and payout reports for thousands of streamers. This incident highlights how even big, well-established platforms struggle to protect sensitive data. It’s a stark reminder of the ongoing risks in our digital world, especially for communities that rely heavily on real-time interaction and personal broadcasting. Such breaches put user privacy and financial security at risk, shaking the trust and safety of the entire gaming and streaming community. This op-ed is part of CoinDesk’s…