Author: NBTC
SolvBTC has been reportedly launched on the Avalanche network through Solv Protocol. This adds a new decentralized reserve of Bitcoin to the DeFi space. SolvBTC allows the holders of the developments based on the Bitcoin blockchain to receive a return on investment without losing the value of their Bitcoin. Avalanche shared this news with the crypto community through an X post. SolvBTC is live on Avalanche 🔺SolvBTC, powered by @SolvProtocol, introduces a “Bitcoin Reserve for Everyone,” designed to address the diverse consensus levels among Bitcoin assets 👇 pic.twitter.com/j3be5k8cFA — Avalanche 🔺 (@avax) September 25, 2024 SolvBTC: Bitcoin Reserves for DeFi…
At the Home Staking Summit, Ethereum founder Vitalik Buterin shared his views on solo staking and its potential to enhance the Ethereum network. Buterin engaged in a fireside chat with Singaporean TV host Samuel Chong, highlighting the crucial role solo stakers play in maintaining Ethereum’s security and decentralization. He also touched upon possible Layer 1 improvements to further support their contributions. Some thoughts on solo staking, what realistic value solo (+ small-business and community) stakers could provide to the network, and what changes L1 can make to better support solo stakers. https://t.co/3JfELpjQBx — vitalik.eth (@VitalikButerin) September 24, 2024 Read also:…
Circle has launched Compliance Engine, a tool designed to help businesses meet regulatory requirements through customizable, automated compliance checks. The feature is integrated within Circle’s infrastructure, eliminating the need for separate third-party solutions and streamlining the compliance process for companies operating in the digital asset space. As businesses navigate the complexities of evolving regulations, Compliance Engine offers functionalities such as real-time transaction screening, periodic transaction monitoring, and adherence to the Travel Rule for secure transmission of personal information between virtual asset service providers. These capabilities allow companies to define risk levels, automate enforcement actions, and develop preventative blocklists tailored to…
A new Ethereum transaction came from Tron (TRX) founder Justin Sun, who has made a name for himself with his transactions and critical moves in the cryptocurrency market. Justin Sun, who frequently makes headlines with his Ethereum purchases or ETH transactions, transferred $37 million worth of ETH to Aave. According to a post by blockchain security firm PeckShieldAlert, an address believed to belong to TRON founder Justin Sun recently transferred 14,000 ETH worth $37 million to crypto lending protocol Aave. Having locked these ETHs in Aave, Sun then withdrew 300 ETH and an additional 400,000 USDT from Aave and transferred…
Pro-XRP lawyer and Massachusetts Senate Candidate John Deaton criticizes U.S. Senator Elizabeth Warren and SEC Chair Gary Gensler over their inconsistent anti-crypto agenda. Attorney Deaton slammed Senator Warren for not questioning SEC Chair Gary Gensler about his private meetings with FTX founder Sam Bankman-Fried (SBF), whom he called the Bernie Madoff of crypto. “Elizabeth Warren is anti-crypto, yet she hasn’t asked SEC Chair Gary Gensler about his private meetings with FTX founder SBF,” Deaton remarked during a recent Good Morning Crypto podcast interview. 🚨 BREAKING: 🇺🇸 JOHN DEATON EXPOSES ELIZABETH WARREN & GARY GENSLER’S ANTI-CRYPTO AGENDA! 🚨 “We learned in…
Amid a positive sentiment triggered by former United States President Donald Trump expressing unwavering support for Bitcoin (BTC) at one of the largest cryptocurrency events in existence, the maiden crypto asset is eyeing to reclaim the $70,000 level, but it might not end there. As it happens, Bitcoin could hit a new all-time high (ATH) in the next few weeks, as observed by experts over at the crypto market analytics platform Bitcoinsensus, who identified a Wyckoff re-accumulation chart pattern looking “very promising,” according to an X post on July 29. In the experts’ words, “an all-time high seems inevitable in…
Decentralized activities account for the biggest share of block space on L2 chains. Almost all rollup platforms grew in 2024, getting the biggest boost from DEX trading and lending. Other activities take up less than 5% of block space on some chains. DeFi and L2 chains proved to be a good fit in 2024, as DEX trading and lending became the main drivers of activity on these networks. The crypto landscape in 2024 also included stablecoins serving as the main source of liquidity on L2. Mantle reserves more than 57% of block space for DeFi activities. Base has the second-largest…
Since July, crypto whales have distributed Ethereum (ETH) in large volumes. This selling pressure affected the price, which cratered from over $3,500 at that time to $2,140 in the first week of September. However, these same whales seem to have offered ETH a breath of fresh air with large-scale accumulation. In this on-chain analysis, BeInCrypto explores what this could mean for investors as the market adjusts to a more bullish environment. Ethereum Stakeholders Bought 70,000 Coins According to Glassnode, the number of Ethereum addresses holding at least 10,000 ETH was 918 on September 16. As of this writing, that figure…
The Fed made a more aggressive start than expected last week, cutting interest rates by 50 basis points. This interest rate cut mobilized risk assets such as Bitcoin (BTC) and prices increased. However, while the FED’s rate cut positively impacts BTC and altcoins, it also impacts the revenue of stablecoin issuers Tether and Circle. Bluechip, an independent stablecoin rating agency, reported in a post on its X account that for every 50 basis point interest rate cut by the FED, USDT issuer Tether lost $488 million and USDC issuer Circle lost $144 million in annual revenue. This is because as…
A key Democrat on the House Financial Services Committee used a hearing on Tuesday as a chance to push for an 11th-hour compromise on stablecoin legislation. The hearing also saw Republican members hammering Securities and Exchange Commission Chair Gary Gensler on his crypto oversight record and the agency’s reliance on enforcement actions to steer the industry. U.S. Rep. Maxine Waters (D-Calif.), the House Financial Services Committee’s ranking Democrat, suggested in a Securities and Exchange Commission oversight hearing on Tuesday that she and the Republican chairman should finish a bill this year to regulate U.S. stablecoin issuers. “I want us to…