Author: NBTC

In a significant advancement for decentralized governance within the Polkadot ecosystem, Moonbeam Network (GLMR), a leading Polkadot parachain, has announced the launch of the Moonbeam Governance Guild (MGG). The announcement, made on Moonbeam’s official X (formerly Twitter) account, outlines the delegation of 5 million GLMR and 50,000 MOVR to the Governance Guild as part of this strategic initiative. Introduction to Moonbeam Network and Governance Guild What is Moonbeam Network? Moonbeam Network is a smart contract platform that serves as a parachain on the Polkadot network, enabling developers to build decentralized applications (dApps) with ease. By providing compatibility with Ethereum’s Web3…

U.S. President-elect Donald Trump is reportedly holding secret talks with JPMorgan CEO Jamie Dimon, fueling speculation about JPMorgan’s potential power play to shape U.S. policies. Trump and Jamie Dimon: Alleged Secret Talks That Could Influence White House Policies Speculation surrounds whether U.S. President-elect Donald Trump and JPMorgan Chase CEO Jamie Dimon have engaged in confidential discussions about White House policies. Reports indicate that for months, Trump has sought Dimon’s insights to help guide his agenda for his second term. Dimon has reportedly provided informal advice on issues such as tax reform, trade policies, and federal spending, according to Fox Business.…

South Korea’s leading crypto exchange Bithumb, announced today the listing of Virtual Protocol ($VIRTUAL) to its KRW market. Trading for VIRTUAL is set to begin from Friday, November 29, 2024, at 5:00 PM KST. Owing to the announcement, $VIRTUAL surged around 40% in the past day. 🚀 버추얼 프로토콜(#VIRTUAL) 원화 마켓 추가 안내New Listing : $VIRTUALwill be added to the KRW market today. For more details 👉 https://t.co/iO5BfnVbKa#bithumb #Listing #KRWmarket #VirtualsProtocol @virtuals_io pic.twitter.com/0CP3BR01KE — Bithumb (@BithumbOfficial) November 29, 2024 As per the official notice, the base price for trading has been set at 1,486 Won, and deposits/withdrawals will open within…

Spot Bitcoin ETFs in the U.S. marked their fourth straight day of net inflows, while spot Ether ETFs reversed course, moving back into net positive flows. Data from SoSoValue shows that the 12 spot Bitcoin ETFs recorded net inflows of $458.54 million on Oct. 16, marking the fourth consecutive day of positive inflows. Over this period, the funds have accumulated more than $1.63 billion. BlackRock’s IBIT, the largest Bitcoin ETF by assets under management, continues to dominate, posting the highest net inflow for the second straight day. On Oct. 16, IBIT recorded an impressive $393.4 million inflows, its largest single-day…

Kreypt Music, an innovative project born from the imagination of the conductor and composer Samuel Sené, represents a unique meeting point between music, digital art, and Web3. Officially launched in Paris on November 19, 2024, Kreypt Music offers anyone the opportunity to own a personalized melody, transforming a simple name into an authentic and certified musical work of art thanks to the blockchain. In reality, we at The Cryptonomist met them much earlier, in Montpellier, in May 2024 during the event called Rubichain and it was right there that Kreypt gave us the opportunity to test the functionality of the…

The profitability of Ethereum (ETH) has surged to levels not seen since June, with 90.8% of ETH holders now in profit, according to data from IntoTheBlock. This milestone highlights a favorable position for the majority of investors, leaving only 9.2% of holders at a loss. Importantly, this group controls just 2.8% of the total supply, suggesting that any sell pressure from them is likely to have minimal impact on Ethereum’s price trajectory. As can be seen on the on-chain platform’s charts, all of the unprofitable Ethereum tokens were bought in the range between $3,624 and $4,169 with 3.95 million ETH,…

The global finance landscape is gradually changing with the advent of a peer-to-peer financial system and the rise of central bank digital currencies (CBDCs), which will be pivotal in transforming the payments and investments sectors. As decentralized finance (DeFi) continues its ascent to the mainstream, a new report suggests that sophisticated players are receiving a larger share of profits than the majority of retail investors. The Bank for International Settlements (BIS) undertook the study to examine the state of liquidity providers in decentralized exchanges. According to its 52-page report, the biggest liquidity providers are a small group of market participants…

The Shibarium blockchain, from the team behind the popular meme-inspired cryptocurrency Shiba Inu (SHIB), is seeing unprecedented levels of activity over the past nine months, with all metrics spiking by literally hundreds and thousands of percent over the past few days. Thus, according to Shibariumscan, the volume of daily transactions on the Shiba Inu network in the last 24 hours totaled nearly 3.24 million. At the same time, a metric that shows the amount of BONE tokens paid as gas for transactions showed a colossal increase – from just over 327 to nearly 2,400 BONE. It may come as a…

Since OpenAI’s ChatGPT was released in November 2022, tech experts, media, and governments have expressed worry over what it could become in the hands of bad actors. As a result, some countries have leaned towards over-regulation, stifling development (the EU), while others, like the US, have adopted a more hands-off approach to the industry. As of December 2024, various countries have legally besieged AI startups like OpenAI on claims of breaches in data privacy policies and regulations. Most recently, Canadian media houses, including the Toronto Star, Metroland Media, Postmedia, The Globe and Mail, The Canadian Press, and CBC, joined a…

Deribit, a platform known for offering cryptocurrency options trading, will launch spot and derivatives trading in the UAE on 1 January 2025, migrating all activities to the Dubai-based entity. It plans to transfer USD 50 billion in open interest to its Dubai entity. Moving to Dubai The announcement, made today (Friday), follows Deribit FZE receiving a licence from Dubai’s Virtual Assets Regulatory Authority (VARA) and relocating its headquarters to the city. The exchange further clarified it will consolidate all flows and activities into its Dubai entity. This means the VARA-licensed entity will offer all its products, including spot, perpetuals, futures,…