Author: NBTC
NEAR Protocol, a Web3 platform that utilizes Chain Abstraction technology, has recently announced another project. According to the platform, it is unveiling “NEAR name tokens” which offer a more resilient solution for digital identities along with providing several other possibilities via digital identities. The company informed the community about this development on its official X account. Say gm to *NEAR name tokens, powered by @D3inc 🫡 Offering a more robust digital identity solution, *NEAR name tokens are primed to unlock a host of possibilities with interoperable digital identities (not in the sp00ky 1984 kinda way, dw)Read on:https://t.co/Q8DS2nvaHL pic.twitter.com/9sF9TdggyJ — NEAR…
Top Ripple executives join the broader XRP community to celebrate the first anniversary of Judge Analisa Torres’ summary judgment decision in the SEC lawsuit. Significance of July 13 July 13 is a special day within the XRP community. On July 13, 2023, Ripple secured a partial legal victory against the U.S. Securities and Exchange Commission (SEC). The ruling judge, Analisa Torres, declared that XRP is not, in and of itself, a security. She also ruled that certain XRP-related transactions the SEC alleged to be securities were not. This includes programmatic sales of XRP on secondary markets and other distributions of…
Bitrue’s XRP staking pool offers 7% APY for existing users and 50% APY for new users. Analysts predict XRP’s value could soar due to historical patterns and growing adoption. The cryptocurrency exchange Bitrue has announced that its staking pool for Ripple (XRP) coins is now live on its platform. This is Bitrue’s most recent show of support for XRP, a cryptocurrency they have supported since the launch of their ecosystem in 2018. The newly created staking pool offers existing users 7% APY with a 7-day lock period, while new users can earn an astonishing 50% APY for the first three…
A widely followed crypto analyst thinks Bitcoin (BTC) could be on the verge of stabilizing after a sizeable correction. Pseudonymous crypto trader Rekt Capital tells his 482,500 followers on the social media platform X that BTC is showing positive signs of life after its most recent drop. “Bitcoin is showcasing some initial signs of stability after the crash And in doing so, it is creeping closer to the Downtrend (light blue) This Downtrend will be challenged if the Bullish Divergence plays out.” Source: Rekt Capital/X According to the analyst, BTC’s price breakdown is now showing signs that it’s finding support…
Dubai — Flare, the cutting-edge layer 1 blockchain specializing in data, proudly announces that SparkDEX will launch its state-of-the-art decentralized finance hub on the network. This hub will feature both an Automated Market Maker (AMM) and perpetuals protocol, utilizing Flare’s advanced data protocols for decentralized data access.—SparkDEX’s DeFi Hub is a “friendly fork” of QuickSwap, a successful decentralized exchange on Polygon, and has the backing of the QuickSwap community. It will boast a high-performance DEX and an innovative on-chain perpetuals platform allowing trades with up to 100x leverage. Future plans include the integration of advanced AI components and DeFi strategies…
Meme coin Shiba Inu (SHIB) currently occupies ninth place by market capitalization, racing ahead of Cardano. The meme meme coin is valued at $16.4 billion after adding 9.2% over the past week. It is now breathing down the neck of archrival Dogecoin, which is currently in eighth place. Following Shiba Inu’s recent price spike, 67.07% of all addresses are currently in the money despite the fact that SHIB is still down as much as 67.7% from its current all-time high which was logged in October 2021. This is the largest percentage of holders in the money since March. The second-largest…
Prominent Australia crypto exchange Swyftx announces listing of Cardano-based memecoin Snek (SNEK), as price surges 11.23% in 24 hours. According to an announcement today, Swyftx users can now buy and sell the memecoin under the spot trading pair SNEK/AUD. However, the exchange did not disclose when users can withdraw their SNEK tokens. It bears mentioning that SNEK trading commenced today on Swyftx at 05:00 AM (UTC). Top Cardano Ambassador Buys SNEK on Swyftx Notably, prominent Cardano community figure Pete confirmed that SNEK trading has already commenced on Swyftx, which he called ‘Australia’s biggest crypto exchange.’ Pete confirmed the information by…
While investors are trying to cope with the downward trend that has been going on for more than a month, Bitcoin is trying to withstand the German government’s sales. At this point, while analysts generally predict that the bottom may have come in Bitcoin or may come as soon as possible, an assessment came from Singapore-based crypto company QCP Capital. Analysts stated that the market initially faltered in the face of Mt.Gox and the German government’s Bitcoin sales, but then quickly recovered, listing the bullish signals. At this point, he showed spot Bitcoin ETF entries as the first signal. Stating…
Avant Protocol is set to launch on Avalanche and will offer a platform for yield generation, reshaping DeFi in the crypto space. AVAX has recovered in the past 24 hours to post a 5% gain after losing nearly 20% last month, with longer-term holders increasing their positions. The Avalanche ecosystem continues to grow aggressively—in the past week, its total value locked (TVL) has shot up 10% to hit $816 million. Avant Protocol, the latest DeFi project on Avalanche, is hoping to capitalize on this growth to offer the best platform for yield generation. Avant was unveiled last week and is…
CHZ, the native token of the Chiliz blockchain, which powers sports token fan creator Socios.com, surges as the UEFA football championship nears. The token doubled in value in the months before the 2022 FIFA World Cup, only to slide later. 10X Research expects the FIFA scenario to repeat itself. A cryptocurrency, representing an intersection of blockchain and sports, has recently emerged as a source of excitement to crypto markets as major digital assets trade listless. CHZ, the native token of the Chiliz blockchain (CHZ), which powers the largest sports fan token creator platform, Socios.com, has risen 25% in seven days,…