Author: NBTC
SoonVerse has announced a partnership with BridgeM, a decentralized interoperability protocol. This collaboration aims to connect Bitcoin and Ethereum Layer 2 networks seamlessly. 💥 𝐄𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐰𝐢𝐭𝐡 𝐁𝐫𝐢𝐝𝐠𝐞𝐌 💥@BridgeM_io is a decentralized interoperability protocol that seamlessly connects Bitcoin Layer2 and Ethereum Layer2 networks.𝐇𝐞𝐫𝐞 𝐢𝐬 𝐡𝐨𝐰 𝐭𝐡𝐢𝐬 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐦𝐚𝐲 𝐛𝐞𝐧𝐞𝐟𝐢𝐭… pic.twitter.com/CRY8WMrAKs — SoonVerse❤️AIGG (@soon_verse) July 10, 2024 SoonVerse Enhances Security and Efficiency with BridgeM Collaboration One of the main advantages of this partnership is the smoother integration for SoonVerse customers. Through it, connected players will now be more capable of handling transactions across various blockchain networks without complications. In addition to…
While Bitcoin rose above $ 63,000 again during the day, it has generally exhibited horizontal movements lately. At this point, Bernstein analysts argued that these horizontal and straight movements of BTC could be good for miners. According to The Block, Bernstein analysts claimed that horizontal movements in BTC could be good for miners in this period when the economy is driven by the competitive hash rate. Bernstein analysts led by Gautam Chhugani and Mahika Sapra said in a note to clients today: “Bitcoin price is trending sideways, but we are not afraid of a big drop here. Here we expect…
Venture capitalists pumped nearly $3.2 billion into the crypto sector in the second quarter of this year, according to Galaxy Digital. Researchers at the crypto firm note in a new analysis that the digital asset venture capital market rebound that began in the first quarter continued through April, May and June. “Deal count dipped slightly [quarter on quarter], decreasing from 603 in Q1 to 577 in Q2, while capital invested rose from $2.5 billion in Q1 to $3.2 billion in Q2. Median deal size increased slightly from $3 million to $3.2 million, but median pre-money valuation surged dramatically to near…
In a recent CNBC interview, Ripple CEO Brad Garlinghouse shared his enthusiasm and optimism about the current state of the cryptocurrency industry. Ripple CEO Brad Garlinghouse and Kraken’s Chief Legal Officer Marco Santori discussed crypto regulation from Consensus 2024 in a recent CNBC Crypto World episode. When asked about his thoughts on the recent developments in the cryptocurrency industry, Garlinghouse responded with palpable excitement, stating, “It’s a magical time to be alive.” In a tweet, Garlinghouse reaffirms this statement. I genuinely meant what I said to @KenzieSigalos “It’s a magical time to be alive!” when she asked how I feel…
Video game players do not care about NFTs. They don’t care about ownership of in-game assets. They don’t care about faster and cheaper blockchains. They fundamentally don’t care at all about the underlying tech stack behind the games they play. This op-ed is part of CoinDesk’s GameFi Week 2024. Every year, the Game Developers Conference in San Francisco has a main floor filled with every manner of game development tools and platforms. Among these are inevitably Web3 companies trying to explain to an audience of completely uninterested Web3 developers how easy it is to tokenize in-game items and how many…
Crypto.com and Unstoppable Domains (UD) have partnered to offer users an opportunity to acquire premium Web3 domain names. The limited offer will see users gain access to 200 premium Web3 domains in a flash sale between July 10 and August 9, 2024. Prices for the domains will range from as low as $20 to as high as $10,000, Unstoppable Domains and Crypto.com said in a press release. Users can acquire the domains via Crypto.com to benefit from a secure permanent ownership of their Web3 identity, the companies added. Strengthening blockchain ecosystem Sandy Carter, COO of Unstoppable Domains, commented on the…
As of May 13, 2024, bitcoin exhibits mixed signals across various time frames and technical indicators, presenting a complex landscape for traders. The leading crypto asset’s price currently stands at $62,792, reflecting a slight increase within the 24-hour range from $60,776 to $63,156. Despite a recent 2% uplift, bitcoin remains down by 3.6% over the week, showcasing the volatility and uncertainty inherent in the current market. Bitcoin The BTC/USD daily chart underscores a phase of consolidation with a bearish slant. After peaking near $71,287 on April 10, bitcoin’s price corrected to a potential bottom around $56,500. The latest rebound seems…
Ethena Labs’ USDe stablecoin has achieved a significant milestone, reaching a $3 billion token supply within just four months of its public launch in February. The synthetic dollar stablecoin, designed to maintain its fixed price through arbitrage mechanics and yield-generating cash and carry trade transactions, saw a $1 billion increase since surpassing the $2 billion mark on April 5. Contents hide 1 What Challenges Does Ethena Face? 2 What Impact Does Governance Token Have? 3 Key Insights for Investors What Challenges Does Ethena Face? Ethena Labs is now positioning itself to compete with DAI as the largest algorithmic or decentralized…
Gamers are competitive beasts. Sure, they play for passion and love for the game, but, deep down, it is victory and glory that they’re really after. Through the creation of online digital identities, modern gamers can play for a completely new type of prize: extensive social clout in their online communities. This post is part of CoinDesk’s GameFi theme week. Allen Ng is the Co-Founder of OpenSocial Protocol and EVG, one of Asia’s largest Web3 operating groups in consumer products. Web3 gaming has struggled for various well-documented reasons, most notably in the form of great backlash from the gaming community…
HTX, formerly Huobi, is an exchange deeply connected to controversial crypto entrepreneur and trader Justin Sun, and its activities raise concerns about solvency and Sun’s effective control of user assets. Ownership While Sun denies controlling HTX, he’s previously admitted to being an ‘advisor’ and the business itself has previously described him as its leader. It appears that the acquisition of Huobi by About Capital Management in 2022 — a move that coincided with Sun’s appointment to the Huobi Global Advisory Board — marks the point at which his relationship with the exchange started to deepen. Even the rebranding of Huobi…