Author: NBTC
Oku has enabled BTC-backed lending and borrowing on Corn Network, powered by Morpho, unlocking new DeFi utility for Bitcoin holders. On April 17, Oku announced the launch of the Morpho Protocol on Corn Network, opening a new frontier for Bitcoin (BTC) users to engage in overcollateralized lending using BTCN, Corn’s native Bitcoin-backed token. BTCN is pegged 1:1 with BTC and is backed by bridged Bitcoin reserves designed for cross-chain functionality. This marks the first major decentralized lending protocol deployment on Corn, a BTCFi-focused network powered by the Arbitrum Orbit tech stack. Through the deployment of Morpho on Corn, users gain…
The mood in the equity and crypto market turned sour late Wednesday as Nvidia shares crashed in after-hours trading following a $5.5 billion charge tied to the Trump administration’s decision to ban the company’s H20 chip sales to China. Bitcoin, the leading cryptocurrency by market value, fell to $83,600, extending the retreat from the two-week high of $86,440 reached earlier in the day, CoinDesk data showed. Payments-focused XRP followed a similar trajectory, falling over 2% to $2.08, while Cardano’s ADA token slipped 4% to $0.61. The CoinDesk 20 Index, a broader market gauge, weakened over 2%. Meanwhile, coins supposedly associated…
With all the talk about how stablecoin legislation in the United States may or may not negatively impact foreign issuers, you might expect the biggest (and most controversial) issuer on the planet to be feeling the heat. But that’s far from the case, according to Tether CEO Paolo Ardoino. In fact, Tether has no real issue with its flagship stablecoin, USDT, being banned in the United States by new regulatory legislation, Ardoino told Decrypt on Friday. To circumvent the potential issue, Tether is actively considering creating a new U.S.-domiciled stablecoin that will comply with pending American stablecoin laws, Ardoino said.…
South Korean candidate Hong Joon-pyo says he’ll scrap crypto rules like U.S. President Donald Trump did, aiming to make blockchain a key industry. South Korean presidential candidate Hong Joon-pyo says he’ll remove crypto regulations similar to how they were rolled back during the Trump administration in the U.S., pledging to boost blockchain in the country. During a policy event in Seoul on April 16, Hong said he will “dismantle regulations to the extent seen under the Trump administration” in an effort to “foster blockchain and virtual assets as a single industry,” Yonhap News Agency reports. Hong, a candidate in the…
Ethereum-based action role-playing game Treeverse will launch its first in-game rewards season on April 19 following its multi-platform release last month across iOS, Android, and Windows. The launch includes a 30-day campaign that allocates 2.76% of the game’s upcoming END token supply, alongside additional Immutable (IMX) and Pixelmon (MON) tokens to players. The rewards structure targets “grinders and high-level players,” according to the announcement. Players can earn rewards through daily quests, reaching specific skill levels, and competing on leaderboards that track dungeon runs, gold acquisition, experience points, and monster shard collection. To qualify for rewards, participants must purchase at least…
UFC CEO Dana White joins VeChain as an advisor, merging branding power with blockchain adoption in the sports industry. Nobel laureate Konstantin Novoselov strengthens VeChain’s scientific innovation, ensuring rigorous research backs its blockchain evolution. VeChain once again in the spotlight after the announcement of new advisor — UFC CEO and Power Slap founder Dana White. All these efforts are part of the company’s ambitions of real-world blockchain adoption through the sports industry. Dana White’s advisory and blockchain tech could be a result of unique innovation through VeChain. White, long credited with pushing UFC into over 950 million homes globally, is…
Market watcher Philip from TradingView highlights Bitcoin long-term strength, calling attention to a key support level and potential growth to new all-time highs. Bitcoin’s price has been fluctuating in recent days, with the cryptocurrency seeing a sharp decline followed by immediate signs of stabilization. On April 2, Bitcoin traded around $87,000, but by April 7, it had dropped to about $74,000. The crypto asset has since recovered to over $77,000, currently sitting at $79,131.11. This marks a 3.85% increase over the past 24 hours, although it still reflects a –5.27% decline over the past week. Bullish Signals Amid Market Weakness…
Ledn, a crypto lender operating in over 130 countries, wants to expand its services within the U.S. and is eyeing approvals on the West Coast as Wall Street competitors lean into the space. “We just submitted our application to the state of California,” Ledn co-founder and CEO Adam Reeds told Decrypt in an interview. “As the Bitcoin price increases [and] more people own Bitcoin, that’ll help justify the compliance costs of opening up in new regions.” Established in 2018, Ledn is among the largest centralized crypto lenders left standing after a series of high-profile blowups reshaped the sector in 2022,…
The Neo Foundation has announced the Neo Bond program, a new month-long initiative designed to provide high-yield returns and price protection for NEO token holders. The program was introduced following an internal investigation into recent large-scale NEO token transfers that impacted the composition of consensus nodes and coincided with a significant decline in market value. The Neo Bond offers a 50% APY, translating to a 30-day interest rate of approximately 3.44% through compound interest calculations. In addition to yield incentives, the program incorporates a price protection mechanism: the NF will guarantee a minimum price of US $5 per NEO for…
As is the case all over the world, regulatory efforts regarding cryptocurrencies continue in Türkiye. While much progress has been made in crypto regulations at this point, Treasury and Finance Minister Mehmet Şimşek issued warnings to cryptocurrency service providers and payment institutions. Speaking to AA, Mehmet Şimşek evaluated the work MASAK has carried out for crypto money service providers and payment institutions. Şimşek warned cryptocurrency service providers and payment institutions, stating that new strict rules introduced within the scope of increasing the security of the financial system and combating criminal proceeds must be followed. Referring to the regulations published in…