Author: NBTC
Blockdaemon, a leading provider of crypto infrastructure, has acquired expand.network, a single API connection into the multifarious world of decentralized finance (DeFi), with a view to enabling big financial institutions to seamlessly access on-chain trading. The exact price paid for Expand was not revealed, but Blockdaemon said the deal was worth double digit millions of dollars. Expand provides API access to DeFi, enabling connections to over 170 endpoints, including DEXs, bridges, lending protocols and oracles. As long-awaited regulatory clarity comes to crypto in the U.S., banks and large financial institutions are considering a point of entry into the on-chain finance…
The price of Ethereum has fallen sharply and has broken through the important $2,000 mark. Ethereum price long-term analysis: bearish After the price drop on March 10, Ether’s downtrend has eased, as reported by Coinidol.com. The largest altcoin moved in a range after falling to $1,889, its lowest point. Ether has been trading above support at $1,800 for a week, but below resistance/moving average lines at $1,950. Doji candlesticks have slowed and limited price movement. Ether is rising today as it approaches the $2,000 peak and if it breaks above the 21-day SMA, it will move back in a positive…
Argentina’s President Javier Milei has withdrawn his support for the LIBRA meme token after initially endorsing it, stating he had no connection to the project. Milei also admitted that he did not do his due diligence before tweeting support, but deleted his tweets once he became aware of the details. The token, which claimed to be part of the Viva La Libertad Project supporting Argentina’s economy, dropped 85% in value amid reports of the project team’s liquidation. “A few hours ago I posted a tweet, as I have so many other times, supporting a supposed private enterprise with which I…
U.S. authorities have scrapped charges against the founder of decentralized social network BitClout, court documents show. Last year, feds hit Nader Al-Naji with one count of wire fraud, alleging that he defrauded investors of $3 million with his crypto project. The Department of Justice alleged at the time that Nader “lied to get access to millions of dollars, then gave the money away to family and friends,” spending investor cash on a lavish lifestyle. But as first reported by Law360 on Monday, a Feb. 28 order shows that U.S. Magistrate Judge Henry J. Ricardo approved a request from New York…
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. The Solana DEX and automated market maker Raydium is launching a token launchpad that will initially resemble a direct fork of pump.fun, Blockworks has learned exclusively. The release of the platform, which is named LaunchLab, comes less than a month after news broke that the wildly popular Solana memecoin launchpad pump.fun was developing an AMM of its own, essentially severing an unofficial partnership it had struck with Raydium. LaunchLab will offer linear, exponential and logarithmic bonding curves that match demand and price for a token. It will…
StarAI is now collaborating with the Ice Open Network (ION) and its Online+ environment, opening up the possibility for a new generation of AI-based social interactions in Web3. This partnership will add intelligent automation and customized experience to the decentralized social platforms and thus build an enhanced digital environment for the users. 🌟 We’re excited to welcome @The_StarAI to Online+ and the Ice Open Network ecosystem!🌍 With 3.7M+ users, #StarAI is redefining the creator economy through its AI Agent Platform and OmniChain AI Agent Layer, driving innovation at the intersection of AI and Web3.Through this… pic.twitter.com/wT1qf1f00E — Ice Open Network…
As El Salvador slowly submits to requests by the International Monetary Fund (IMF), it has modified its laws to diminish bitcoin’s (BTC) role in the economy. Indeed, despite President Nayib Bukele taunting the IMF and boasting about his embrace of BTC, his need for US dollar financing has forced him to reverse most of his once-celebrated policies. This, in turn, has led to debates among Bitcoiners over whether BTC is even legal tender erupting on social media. BTC no longer accepted for payment of taxes Bukele’s administration has modified laws that enshrined BTC’s role as legal tender in the country’s…
Stargate, a composable liquidity transport protocol, has announced its integration with Circle’s cross-chain transfer protocol. In an announcement on Mar. 19, Stargate (STG) said integrating stablecoin issuer Circle’s Cross-Chain Transport Protocol is a major development. Per details the platform shared, CCTP will bring native USDC (USDC) transfers to Stargate Finance’s users. CCTP, which Circle recently upgraded to enhance its functionality, will help Stargate users transfer native USDC across several supported networks. This means 1:1 capital efficiency for users on Ethereum, Solana and Aptos, as well as layer 2 scaling solutions Base, Optimism and Arbitrum. CCTP on Stargate will also support…
Ethereum price is exhibiting downward movement following its breakout from a parallel channel pattern. According to technical analysts, key support levels failing to maintain their position might trigger the price to approach the $1,250 point Ethereum Price Breaks Out of Parallel Channel Crypto analyst Ali Martinez observed that the ETH underwent a major breakout from a parallel channel which normally indicates continuing bearish market trends. Ethereum experienced further price declines when it broke its critical support points. The forecasted target lays at $1,250 and shows an estimated 35% reduction from the current price of $1,900. Ethereum Price Chart Source: X…
Binance has announced the removal of several spot trading pairs as part of routine market reviews aimed at maintaining a high-quality trading environment. Binance to Delisting Several Spot Trading Pairs on March 21 Affected Trading Pairs According to Binance, the following spot trading pairs will be delisted at 14:00 on March 21: ALICE/BTC ETHFI/BTC MBOX/BTC RSR/FDUSD TURBO/FDUSD WIN/BNB Why Are These Pairs Being Removed? Binance conducts regular audits on listed trading pairs by evaluating factors such as liquidity and trading volume. The removal of these pairs is due to low liquidity and weak trading activity, which ensures a better trading…