Author: NBTC
Decentralized finance (DeFi) has its fair share of ‘forks,’ but rarely do they top the total value locked (TVL) charts. Linea, the zero-knowledge rollup ‘bootstrapped’ by Consensys, claims to be ‘home to the most innovative web3 projects.’ But its largest project, ZeroLend, is a seemingly low-effort fork of Aave, the widely-established lending protocol. As noted by X (formerly Twitter) user @majinsayan, ZeroLend’s mobile site until very recently even redirected to Aave’s own FAQ section. At $235 million TVL, ZeroLend accounts for over a third of the blockchain’s entire $667 million TVL, according to data from DeFiLlama. ‘Forking,’ common in DeFi,…
The Ethereum-based BUIDL fund from the leading asset manager BlackRock has gulped over $5 million in assets over the past week despite the ongoing market turbulence. Market analytics resource IntoTheBlock (ITB) revealed this in a recent disclosure, stressing that the fund has commanded considerable interest among investors. While the crypto market struggles, BlackRock’s $BUIDL fund, operating on the Ethereum network, continues to attract new investors. The fund requires a minimum entry of $5 million, and its total assets have now reached $491 million. pic.twitter.com/Bl19tVVxbW — IntoTheBlock (@intotheblock) July 8, 2024 Launched in March on Ethereum, the BlackRock USD Institutional Digital…
Since it started in earnest late last October, the ongoing crypto market rally has seen multiple well-executed trades that led to swift and impressive rags-to-riches stories. Recent weeks, in particular, have generated multiple moves leading to savvy cryptocurrency traders growing their investments hundreds of times over within hours, with new reports seemingly emerging every few days. The most recent of these took place on June 2 when one trader used 60 Solana (SOL) – at the time worth just under $10,000 – to purchase nearly 90 million of a fairly new cryptocurrency called HAPPY. Only 10 minutes later, the same…
Fantom Foundation announced a legal victory against Multichain following a judgment by the High Court of Singapore. The ruling came after a default judgment was issued against Multichain on Jan. 30, with an assessment of damages hearing held on June 3. During the June 3 hearing, the court heard evidence from Eli Bernstein, general counsel for Fantom Foundation, and Miao Gu, a valuation expert from Secretariat International. Notably, Multichain’s representatives were absent from the proceedings. In his judgment, Judicial Commissioner Faizal awarded Fantom $2.1 million for losses incurred. The judicial commissioner highlighted that the breach was enabled by Multichain’s leadership,…
Key Points: TON’s blockchain assets surged 1,400% this year, reaching over $1 billion, buoyed by its tie-up with crypto super app Telegram’s vast user base. Overcoming past SEC scrutiny, TON now implements stricter KYC/AML measures and has partnered with Tether for expanded payment solutions. Eyeing growth as a potential “super-app,” TON aims to secure a significant share of Telegram’s users by 2028 The Open Network (TON), linked to the crypto super app Telegram, has emerged as a standout performer in the cryptocurrency space this year, despite recent market volatility. TON Blockchain Surges Amidst Partnership with Crypto Super App Telegram TON…
Bitcoin maximalist Samson Mow, who is the former CSO of Blocktream and now the chief executive at Jan3, has published a tweet to take a jab at Ripple after its boss Brad Garlinghouse had stated that he believes the SEC is going after Tether now. Mow quoted the response issued by the Tether/Bitfinex CTO Paolo Ardoino to Garlinghouse to criticize Ripple not only for “spreading FUD” about Tether but also doing the same with Bitcoin earlier. Tether CTO responds to Brad Garlinghouse’s Tether statement During his recent appearance at the “World Class” podcast hosted by Chris Vasquez, the Ripple chief…
What are the next deadlines regarding crypto taxes in Italy? In reality, one has already occurred during 2024, but there are still others. The taxes on crypto in Italy: the imposta di bollo How to pay taxes on crypto capital gains in Italy The advances The exceedances The taxes on crypto in Italy: the imposta di bollo On June 30, the deadline for paying the stamp duty expired. Technically this crypto tax is not called stamp duty, but by now everyone calls it that. This is the so-called IVACA (tax on the value of crypto-assets), and indeed it had to…
TON blockchain is one of the most silent and rapidly growing parts of the cryptocurrency industry. Some of its coins, like NOT coin, surged massively, securing a 400% gain in seven days, which shows that not all the action is happening on the Ethereum or Solana networks. Due to its significant price increase, Notcoin is under the spotlight. The coin’s value has increased by over 400 percent in the last seven days. Several things contribute to this rise, one of which is the growing interest of whales. The price of #Notcoin( $NOT) has risen by more than 400% in the…
A Republican National Committee (RNC) panel passed a draft platform outlining crypto and artificial intelligence (AI) policies on July 8. According to Politico, the panel passed the draft platform with 84 votes in favor and 14 against. The convention must finalize the platform in a future vote. The Republican party intends to “end Democrats’ unlawful and un-American Crypto crackdown” and prevent the creation of a central bank digital currency (CBDC), per the platform. Furthermore, the party aims to protect Bitcoin mining rights, the right to self-custody crypto, and the right to perform transactions without government control and surveillance. The party…
Galxe, the biggest on-chain distribution forum in the Web3 sector, has recently unveiled an exclusive integration. As per the platform, it is integrating with a well-known people-centric blockchain named Viction, which offers zero-gas transfers, while endeavoring to build beyond the limits. The company took to the social media platform X to provide the details of the respective development. We’re building beyond limits through our latest integration with @BuildOnViction 💪Viction is a global L1 blockchain that empowers builders at every level. They provide accessible and scalable infrastructure, along with holistic guidance, to foster tangible project success and… pic.twitter.com/AN4WZxCqeS — Galxe (@Galxe)…