Author: NBTC

Key Takeaways Ether.fi and EigenLayer enable ETH holders to maximize their staking returns by combining restaking and DeFi yield opportunities. Because these protocols are new, they are higher risk. Investors can start exploring Ether.fi and EigenLayer with modest deposits (never stake more than you are willing to lose). Think of Ethereum like a high-interest savings account, with a twist. By depositing your Ether (ETH), it gets locked up for a certain period (similar to a money market or CD). This locking, or “staking,” helps secure the Ethereum network. In return for staking your ETH, you earn staking rewards (similar to…

The Shiba Inu ecosystem team has initiated another hefty burn, incinerating over 13,400,000,000 (13.4 billion) SHIB tokens, 19,561 (19.5K) BONE, and 28.75 LEASH tokens in four transactions. Members of the SHIB community were stunned in the early hours of today after the Shiba Inu ecosystem team incinerated huge amounts of its ecosystem tokens. 13.4B SHIB Burned In a startling development, the Shiba Inu ecosystem team incinerated over 13.4 billion SHIB tokens worth $485,000 at the time of writing this line. The tokens were burned in two transactions, each consisting of 9.64 billion and 3.81 billion SHIB tokens, respectively. Interestingly, the…

Countries around the world must ensure consistency in their approaches to regulating stablecoins, a new report by the Financial Stability Institute says. Differing approaches could pose challenges to an integrated financial system, the FSI added in its report. Countries need to make their regulatory frameworks for stablecoins consistent with one another, the Financial Stability Institute (FSI) warned in a report published Tuesday. The FSI, jointly created by the Bank for International Settlements and the Basel Committee on Banking Supervision, is tasked with assisting regulators worldwide in strengthening their financial systems. The institute’s report on policy implementation insights for stablecoins –…

The cross-border payment industry is expected to reach $250 trillion by 2027 as Ripple, Stellar, Swift, etc race for dominance. It is reported that this industry grew by $25 trillion to reach $150 trillion between 2018 to 2022. The battle for supremacy in the cross-border payment industry hits a new level as Stellar, Ripple, Cardano, Hedera, Swift and FedNow double down efforts with innovations. According to a report, the industry grew by $25 trillion to reach over $150 trillion between 2018 to 2022. This is almost the entire size of the global technology industry in 2023. As disclosed in a…

At a high-profile AI event in London, Meta executives on Tuesday provided the first official confirmation and details about the imminent release of Llama 3, the highly-anticipated next iteration of the company’s open-source large language model. “Within the next month, actually less, hopefully in a very short period of time, we hope to start rolling out our new suite of next-generation foundation models, Llama 3,” Nick Clegg, Meta’s president of global affairs, announced at Meta AI Day London, reported TechCrunch. Clegg said Llama 3 consists of “a number of different models with different capabilities, different versatilities” that will begin rolling…

The Bitcoin slump to the $63,000 region may be largely fueled by macroeconomic uncertainties and increased outflows from Grayscale’s GBTC. The price of Bitcoin has dropped by 7% in the past 24 hours, raising concerns among participants that the market has reached its short-term top. While that thesis remains up for speculation, some factors contributing to the downtrend have come to limelight. Three Reasons Why Bitcoin Is Falling The downturn in Bitcoin’s price is largely attributable to an overdue market correction, given that the leading cryptocurrency has almost gone from $39,000 to $73,000 without any widely significant retracement. Beyond that…

We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Decrypt’s Art, Fashion, and Entertainment Hub. Barely a week after its massive debut airdrop, cross-chain protocol Wormhole’s native W token has tumbled off a cliff—plummeting over 50% in value. At writing, the price of W has fallen to $0.82. That’s down a stark 50.6% since the token launched last week at $1.66. Most of that value has been shed steadily over the last week. W is down only 4.5% in…

FLOKI surpasses major cryptos, claiming 11th spot in global trading. The memecoin achieves $2.44 billion daily volume, and is listed on more global exchanges. Floki DAO’s vote for a significant token burn will carry forward very soon. In a remarkable feat, FLOKI has overtaken prominent cryptos in trading volume on leading exchanges such as Bithumb, BTCTurk, and Paribu. The memecoin has outperformed BTC, ETH, DOGE, SHIB, PEPE, BONK, and WIF, securing its position as the 11th most-traded crypto globally. FLOKI IS NOW THE 11TH MOST-TRADED CRYPTOCURRENCY IN THE WORLD#Floki just hit $2.44 BILLION in 24 hours daily trading volume, an…

U.S. Rep. Patrick McHenry (R-N.C.) is sticking to his guns that Congress can produce a stablecoin regulation law before he retires at the end of the year, despite a volatile political climate and the failure of the full U.S. House to vote on a bill his House Financial Services Committee passed previously. “I think we can get our stablecoin policy set through and signed into law,” McHenry said Tuesday at a Bitcoin Policy Institute event in Washington. “That will be the first sign that there is hope and that there is bipartisanship when it comes to this world of digital…

BV Bank, a Brazilian bank leader in vehicle loans, is running a pilot that uses tokenization to manage vehicle financing and sales operations. The first phase of the tests involves automating consumer-to-consumer vehicle sales processes, including the delivery of tokenized money in exchange for the ownership of the vehicle. Brazilian BV Bank Pilots Tokenization Model for Car Sales Last week, BV Bank, a Brazilian leader in car loans, announced it was testing a tokenized system to automate its car sale and financing processes. The test carried out jointly with Consensys and Parfin, providers and designers of the platform’s smart contracts,…