Author: NBTC
Native on-chain asset issuance blockchain, Noble, has partnered with Frax Finance to bring decentralized stablecoins FRAX and sFRAX into the Cosmos and IBC ecosystems. Other Frax Finance tokens, including the Frax Price Index (FPI) and FraxEther (frxETH), are expected to be available at a later date. FRAX itself is a USD pegged stablecoin, meaning that it is worth 1:1 to the US dollar. Each stablecoin has an 100% collateralization ratio and the stablecoin uses Algorithmic Market Operations (AMO) contracts and non-custodial subprotocols to maintain the peg to the dollar. Read more: Frax v3 offers ‘all-weather stablecoin,’ founder Kazemian says sFRAX…
Vitalik Buterin has revealed the next significant phase in the evolution of the Ethereum (ETH) network, termed as “The Purge.” In a recent communication, Buterin shared insights into the ongoing efforts to simplify the Ethereum protocol while enhancing its security measures. At the heart of this evolution is EIP-6780, a lesser-known but pivotal improvement introduced in the Dencun hard fork. This enhancement aims to streamline the protocol by reducing the functionality of the SELFDESTRUCT opcode, thereby enhancing implementation efficiency and bolstering security measures. This move, as elucidated by Buterin, is part of a broader mission to declutter Ethereum’s infrastructure and…
CoinList, a leading Web3 launchpad platform, has selected ten promising crypto projects for its 2024 spring batch Seed projects, according to an April 2 statement shared with CryptoSlate. The projects were selected from over 350 applicants vying for inclusion in the Seed list with notable alumni like Injective Protocol, Biconomy, Mystiko, and Rabbithole. According to the firm: “Seed was originally designed as a private fundraising platform, [but] one common point of feedback we’ve heard from projects is that visibility, not capital, is the most scarce resource for crypto projects.” Consequently, CoinList Seed has undergone a significant transformation, partnering with Lattice,…
A large Shiba Inu (SHIB) whale address has moved over 1.24 trillion tokens to crypto exchanges Gate.io and Binance, sparking selloff concerns. The latest market bloodbath has triggered a Shiba Inu collapse below the $0.00003 territory, causing the crypto asset to hit a low last witnessed at the time it recorded a crash on March 5. SHIB has now slumped by 13.15% over the past 24 hours. Whale Moves 1.24T Shiba Inu to Exchanges As the downtrend persists, on-chain data reveals a series of fund movements that have compounded the widespread market panic. Whale tracking resource Whale Alert recently called…
BlackRock, the world’s largest asset manager, has been making significant inroads into the cryptocurrency market with its Bitcoin ETF, iShares Bitcoin Trust (IBIT). The ETF’s rapid accumulation of BTC holdings is a clear indication of institutional investors’ growing confidence in Bitcoin as a viable asset class. In a landmark development, BlackRock’s Bitcoin ETF has surpassed the combined Bitcoin (BTC) holdings of prominent crypto exchanges OKX and Kraken. This move signals a shift in terms of BTC asset management. According to crypto analyst Ali, BlackRock’s Bitcoin ETF, which launched in mid-January 2024, now holds more BTC than crypto exchanges OKX and…
As ethereum hovers around $3,543, the cryptocurrency’s technical indicators and chart patterns present a nuanced picture of its current market dynamics. Amidst a blend of neutral oscillators and mixed moving average signals, ethereum’s technical analysis reveals key insights for traders. Ethereum Ethereum’s price dynamics on April 1, 2024, showcase a cryptocurrency in the throes of market indecision, as evidenced by the 1-hour and 4-hour chart summaries. The oscillation between the recent ups and downs highlights a battleground between buyers and sellers, with significant selling pressure followed by periods of stabilization and recovery. Ether’s daily chart extends the narrative of a…
Nick Van Eck has ventured into stablecoins with the backing of his family’s esteemed business. Agora, the brainchild of Van Eck and crypto stalwarts Drake Evans and Joe McGrady, recently secured $12 million in seed funding, spearheaded by digital-asset venture firm Dragonfly. Operating under a Delaware incorporation with its stablecoin issuer headquartered in the British Virgin Islands, Agora’s stablecoin will cater exclusively to non-U.S. users for the time being. “Until there’s federal legislation for stablecoins in the U.S., we’re going to focus primarily on customers outside of the U.S.,” Van Eck said in a press release. We are thrilled to…
FLOKI joins Thena liquidity pool integration to boost token utility. FLOKI’s surge of 640.9% in 30 days, leads to more bullish expectations. Memecoin resurgence flares with FLOKI, DOGE, SHIB, and WIF in the lead. In a transformative surge, FLOKI continues its ascent in the crypto realm, landing recognition from top DeFi protocol Thena. The addition of FLOKI to Thena’s pool allows holders to leverage liquidity, earning $THE tokens in return. Top DeFi protocol on the BNB chain, Thena, has added $FLOKI to its pool, allowing FLOKI holders to provide liquidity on their platform and earn $THE.This not only further enhances…
Bitcoin’s price trajectory on March 25, 2024, showcases bullish momentum, coasting along at ranges between $66,934 to $67,087 per unit. The day’s trading ranged from $64,568 to $67,672, indicating a volatile yet upward trend. Bitcoin A close examination of bitcoin’s (BTC) oscillators suggests a predominantly neutral to bullish sentiment among traders. The relative strength index (RSI) at 55 and the Stochastic at 41, along with other indicators like the commodity channel index (CCI) and the average directional index (ADI), signal a market in equilibrium, awaiting directional cues. However, the awesome oscillator and momentum hint at underlying buying pressure, contrasting with…
A widely followed crypto analyst is issuing a warning on Ethereum, saying that ETH could still witness a 2019-style collapse. In a new video update, crypto strategist Benjamin Cowen tells his 796,000 YouTube subscribers that the conditions for Ethereum now are similar to that of mid-2019, and that the leading smart contract platform may suffer a similar setback. Cowen notes that in 2019, a slash in interest rates coincided with a dramatic correction for ETH. With the Fed expected to begin cutting rates again at some point this year, the analyst suggests that a similar scenario could play out. “We’ll…