Author: NBTC
This is a segment from the Empire newsletter. To read full editions, subscribe. If you need any more reassurance that working with crypto is tipped to get easier, look no further than Coinbase listings. In fact, the rate of Coinbase listings has rapidly accelerated. Over the past two years, until the election in November, the exchange had made 88 listing announcements specific to the US — an average of 3.8 listings per month. Since Trump’s win around this time last month, Coinbase has made16 such announcements — either for its flagship US exchange or specifically for the state of New…
Aave (AAVE) has solidified its position in the top 40 of crypto assets. The Ethereum (ETH) expansion led to a recovery in lending. Aave is once again attracting whales at levels not seen since 2022. Aave activity is increasing with this year’s bull market. As with other assets and protocols, Aave benefitted from the inflow of stablecoins and the rise of ETH market prices. The latest upward leg for the crypto market also helped Aave recover its value locked to levels not seen since the 2021 bull rally. Aave now locks in more than $20B in liquidity, turning into the…
Since IOTA increased the token supply last year to 4.6 billion—up from an initial 2.79 billion—there have been concerns that this has suppressed its price. However, one ecosystem member says the increase was in line with the broader inflation, other major tokens experienced similar figures, and it’s the ecosystem growth that ultimately matters. In September last year, IOTA made a massive announcement, revealing that it would increase the supply of IOTA tokens from 2.79 billion to 4.6 billion. Since then, some analysts have claimed that the new tokens have been the key factor suppressing the price of the token. However,…
Coinbase’s policy boss, Faryar Shirzad, thinks America’s crypto regulation is about to hit full throttle under Donald Trump’s return to the Oval. Speaking at a U.K. event hosted by Coinbase-backed advocacy group Stand With Crypto, Shirzad reportedly called the president the most pro-crypto leader in history. “We have the most pro-crypto Congress ever,” he said, referring to Republicans sweeping the House and Senate. With Trump and his allies running the show, Shirzad predicts the long-stalled crypto bills will finally gain traction. For the 50 million Americans holding crypto, this could be the moment their interests are taken seriously in Washington.…
Free-to-play web3 video game Chainers announced a closed playtest for its multiplayer shooter, offering rewards in NFTs and CFB tokens. Chainers.io, which claims to have over 25 million NFTs distributed and a community of more than 350,000 players, aims to tap into web3 gaming momentum by offering a blockchain-based gaming experience that combines familiar mechanics with tokenized rewards. The free-to-play Minecraft-style MMORPG web3 video game, with its own sidechain powered by Polygon, has announced a closed playtest for its upcoming multiplayer shooter mode, dubbed “Chainers Arena Playtest.” The playtest, which will run from Dec. 5-6, will offer a select group…
Coinbase is facing criticism on social media after it was discovered that the US-based exchange is restricting the accounts of users who access the platform via a VPN. Yesterday, EthHub co-founder Eric Conner complained that Coinbase locked his account after he tried to send $25,000 in USDC. When Conner said it was apparent that his use of a VPN was behind the restriction, many users began to complain about the same VPN-related issues with Coinbase. Today, Coinbase product designer Scott Shapiro said, “PSA: Don’t use a VPN to access Coinbase.” He added, “Attackers always use VPNs, so our risk models…
I’ll admit – just a few years ago, I’d be shocked to hear myself say that the CEO of BlackRock is making good points about Bitcoin. As head of the world’s largest asset manager, I assumed Larry Fink would be Bitcoin’s biggest critic. But compared to dismissive remarks on Bitcoin from other Wall Street leaders like Jamie Dimon, Fink’s perspective is a refreshing change. If you think otherwise, yesterday’s earnings call proves it. There, Fink declared, “I’m not sure if either president would make a difference” on Bitcoin’s growth,” adding “I don’t believe [Bitcoin’s rise] is a function of regulation.”…
Pencils Protocol has introduced its latest development, Pencils DEX, which is set to revolutionize the DeFi ecosystem. This decentralized exchange aims to provide enhanced liquidity, advanced yield strategies, and seamless cross-chain opportunities. The official announcement was shared via the Pencils Protocol account on X. 🚀 Introducing Pencils DEX — The Ultimate DeFi Liquidity Powerhouse！At Pencils Protocol, we’re taking DeFi to the next level with our DEX — designed to maximize liquidity, boost yield, and unlock endless cross-chain opportunities. Whether you’re a liquidity provider or a… pic.twitter.com/N3K2VeFegj — Pencils Protocol (✏️∙🚀） (@pencilsprotocol) December 3, 2024 Pencils DEX Introduces Cross-Chain Liquidity and…
There’s been a significant surge in whale transactions for several crypto projects, with ApeCoin (APE) leading the pack. The Bored Ape Yacht Club (BAYC)-affiliated ERC-20 cryptocurrency experienced a staggering 2102.56% increase in $100K+ whale transactions over the past 7 days. Dramatic Rise in Whale Transactions According to Santiment’s latest analysis, the figure reflects a 22x rise in ApeCoin’s whale activity compared to its usual levels. This coincided with the surge in APE’s price by nearly 78% over the past seven days alongside an over 833% increase in trading volume, indicating strong market momentum. The surge follows the October 20th launch…
Morocco drafts crypto laws to regulate digital assets, marking a shift from the 2017 cryptocurrency ban. The country draws inspiration from the EU’s MiCA framework, aligning with global efforts to manage digital currencies. The Moroccan Central Bank is exploring CBDCs to modernize financial systems and enhance financial inclusion. According to a recent report by Reuters, Morocco is taking a step towards adopting the cryptocurrency ecosystem by drafting legislation to regulate digital assets. This move marks a shift from its 2017 ban on cryptocurrencies. The move by Bank Al-Maghrib, Morocco’s central bank, signals the country’s intent to adapt to the growing…