Author: NBTC
In a groundbreaking move today, Chainlink Functions, a revolutionary product developed by Chainlink, has officially launched on Base—a rapidly scalable layer-2 blockchain fostered by Coinbase and anchored by Ethereum. This integration heralds a new era for smart contract developers on Base, providing them with unparalleled access to trust-minimized computing infrastructure. With Chainlink Functions, developers can effortlessly interface their smart contracts with external APIs and execute customized co]mputations, all within the secure confines of Base’s ecosystem. Empowering Developers with Decentralized Compute Solutions Chainlink Functions introduces a serverless, developer-friendly platform tailored to the needs of the blockchain community. This innovative tool empowers…
Data suggests that most of the demand for spot bitcoin ETFs has so far come from retail investors. The average trade size of BlackRock’s iShares Bitcoin Fund (IBIT), according to one source, is 326 shares, or around $13,000, suggesting that those trades were made by nonprofessional investors. Billions of dollars have flowed into spot bitcoin (BTC) exchange-traded funds since they were launched in January and sentiment around the cryptocurrency has simultaneously improved – a case where reality appears to have matched the hype. This number wouldn’t be so shocking if that money was coming from big institutions, but, according to…
According to statistics from OpenSea, there have been zero transactions in the last seven days. The second edition of Trump’s digital trading has done better than the first. Even though Donald Trump seems to have warmed up to cryptocurrencies and bitcoin after releasing his initial set of digital trading card NFTs in late 2022, demand for the NFTs has undoubtedly waned. Trading volumes for NFTs have been rather steady in recent months, according to The Block Data Dashboard, while they are still low compared to the 2021 bull run. Disastrous Performance According to statistics from OpenSea, there has been zero…
Analysts have observed that China-linked tokens such as VeChain and Neo are being used as proxy tokens for Hong Kong’s ambition to become a leading Asian crypto hub. This comes amid speculation that Hong Kong regulators may soon greenlight spot ETFs for Bitcoin and ETH. In line with expectations, both tokens achieved significant weekly gains. However, both altcoins lost some of their weekly gains due to the decline in the market. Wintermute analysts evaluated the situation of these altcoins as follows: “VeChain and Neo are seen as representatives of demand in Asia, especially in the retail and fast money circles.…
The International Organization of Securities Commissions is devoting new attention to tokenization, the body said in its 2024 strategy. Crypto continues to be a high priority for IOSCO, which published a series of recommendations for the sector last year. The International Organization of Securities Commissions (IOSCO) is turning its attention to tokenization, the standard setting body set out in its strategy for the year on Friday. The work will build on the IOSCO FinTech Task Force’s existing principles and guidance for crypto, and it will focus on tokenization use cases that are specific to the securities market and distributed ledger…
Gopax, a prominent South Korean cryptocurrency exchange backed by Binance, disclosed a net loss of 51.3 billion Korean won ($37 million) for the fiscal year 2023, as reported in the year-end financial statement released by its parent company, Streamy. This figure is an improvement compared to the net loss of 90.6 billion won in 2022. Gopax’s revenue grew 97% year over year amid recovering market sentiment. GOPAX Reports Net Loss of $37 Million in 2023, Faces Challenges with GoFi-Linked Debt Gopax cash flow statement Site: Streamy On April 12, GOPAX released a financial statement that comprises its balance sheets as…
The Cardano ecosystem has welcomed Huawei Cloud, one of the largest cloud computing firms globally, to broaden the reach of the Cardano network. In particular, Cardano’s blockchain partner EMURGO has entered an alliance with Huawei Cloud to promote Web3 solutions via Cardano. EMURGO disclosed this new collaboration with Huawei in an official press statement today, April 11. According to the report, the alliance aims to bolster the adoption of Cardano-based Web3 solutions throughout Asia and Africa. Additionally, the collaboration involves extending support for a Cardano Validator Node on the Huawei Cloud platform. We’re thrilled to announce a strategic partnership with…
Bitcoin’s (BTC) price marked an all-time high last week and has since triggered a correction that has led to the cryptocurrency declining by 7.74%. However, amidst the chaos of bearish sentiment, one move from BTC investors could prevent a catastrophic correction. Bitcoin Price Saved by Its People The Bitcoin price is already trading at $67,768 at the time of writing, falling from $68,393 since the beginning of the trading session. This adds to the ongoing corrections that resulted in the cryptocurrency losing the 50-day Exponential Moving Average (EMA). BTC, however, is still above the critical support level marked at $63,724,…
The Ripple CLO Stuart Alderoty highlights the SEC’s latest legal woes that could have far-reaching implications for the ongoing Ripple lawsuit. Court Denies SEC Petition Notably, the U.S. SEC’s recent defeat came up in the commission’s lawsuit against Aaron Govil. In a recent development, the Second Circuit Court of Appeals declined to review its decision in the Govil case. The court decision held that the SEC cannot claim disgorgement from an issuer or seller if the buyer did not incur economic losses. It is noteworthy that the Second Circuit first issued the decision last year. Not satisfied with the decision,…
The crypto “spending index” of Crypto.com’s card grew 29% on a year-over-year basis, a report by the exchange and Visa revealed. The most significant growth was observed in information and communication expenditures, which increased by 22%. Overseas spending followed closely, increasing by 21%, indicative of a rebound in consumer confidence and market revitalization post-pandemic. Conversely, spending on housing and household-related expenses saw a notable decline of 18%. Despite this, grocery shopping remained the predominant spending category, capturing 62% of the total volume in 2023, a stark increase from 36% in the previous year. Crypto.com Visa card usage grows 29% in…