Author: NBTC
Curve Finance has launched Curve-Lite, a decentralized exchange (dex) powered by the Ethereum layer two (L2) scaling solution Taiko, emphasizing scalability and cost-effectiveness for decentralized finance (defi) users. Curve-Lite: A Scalable Defi Solution Debuts on Taiko Curve Finance has introduced Curve-Lite, a decentralized exchange (dex) instance utilizing the L2 Ethereum scaling solution Taiko. According to the announcement, the launch aims to improve defi accessibility by reducing transaction costs and enhancing security. Built on Taiko’s zero-knowledge rollup technology, Curve-Lite offers lower gas fees compared to Ethereum’s main network. This cost reduction is expected to encourage participation from a wider user base,…
Ethereum has been making waves in the crypto market, reaching its highest levels since June after hitting a local high of $3,688 just hours ago. This impressive price action has sparked excitement among investors and analysts, with many anticipating further surges in the coming hours. Ethereum is now eyeing a breakout above its yearly highs, which could set the stage for an even more aggressive rally. Crypto analyst Carl Runefelt shared a technical analysis on X, highlighting the significance of Ethereum’s current resistance. According to Runefelt, ETH is at a critical juncture, facing a major resistance level that could determine…
A summary of the Fed’s November meeting minutes was published on Tuesday, with Fed officials expressing confidence that inflation is falling and that future interest rate decreases might be gradual. The Fed minutes stated that future interest rate cuts were likely, but they would occur “gradually.” The minutes were connected to the Federal Reserve’s most recent policy meeting earlier this month, when it cut its benchmark lending rate by a quarter point to 4.50% to 4.75%. “In discussing the outlook for monetary policy, participants anticipated that if the data came in about as expected, with inflation continuing to move down…
The adoption of cryptocurrency payments by Printemps marks a milestone in the European luxury goods industry. Customers Can Now Buy High-End Fashion Products With Crypto Printemps, a leading French luxury department store has become the first major retailer in Europe to accept cryptocurrency payments. This bold move reflects the growing adoption of digital currencies in mainstream commerce and highlights Printemps’ commitment to innovation in customer experience. With 20 stores in France, Printemps’ customers can now purchase high-end fashion, accessories, and other luxury goods using crypto. According to a blogpost, the deployment of crypto payments for its customers was done through…
Bitcoin consolidates around $67,000, with $68,000 identified as the next key resistance level. The Crypto Fear & Greed Index at 71 signals bullish market sentiment for Bitcoin. European markets rise, while Asia-Pacific markets face losses led by a 1% drop in HSI. The digital currency remains within a tightly bunched range above $67,000 signifying stability in the highly unpredictable cryptocurrency space. The next significant level which analysts feel should be breached now is $68,000 and market participants are watching movements closely. On the other hand, the Crypto Fear & Greed Index, which measures the market sentiment, is currently 71, which…
After an impressive performance on Wednesday, Ethereum (ETH) price has been forming a bullish pennant in the hourly time frame. The large-cap altcoin, with a fully diluted valuation of about $432 billion, rebounded from a crucial support level above $3,542 in the past 24 hours to trade about $3,595 on Friday during the early Asian session. With Bitcoin bulls having resumed the initial rally towards $100k, Ether’s price has been preparing to print a multi-year high. Furthermore, the altseason has been revving up as Bitcoin dominance signals an imminent reversal from the rising trend. Ethereum’s Whales on the Move The…
Rarimo, a zero-knowledge identity protocol, has secured $2.5 million in funding, with backing from Ethereum co-founder Vitalik Buterin. With $2.5 million in new funding, interoperability protocol for decentralizing social identity Rarimo now wants to accelerate its pursuit of a decentralized digital identity model as web3 moves toward more user-owned systems. Announcing Rarimo’s Vision Round!!This founder-only raise has united leaders around Rarimo’s identity modelInvestors include @VitalikButerin @keoneHD @nickwh8te @BrianRetford @StefanDGeorge @dlubarov @apruden08 @Zac_Aztec @_ArnaudS_ & @rel_zeta_tech https://t.co/zfHGl3VyYs — Rarimo (@Rarimo_protocol) November 27, 2024 In an X thread on Nov. 27, Rarimo highlighted its focus on zk-wrapping proof-of-personhood methods, enabling users to…
Polygon’s integration of ERC-7683 across PoS, zkEVM, and AggLayer simplifies cross-chain asset transfers and boosts interoperability. The AggLayer enhances liquidity by allowing seamless asset movement between blockchains without using external bridges or wrapped tokens. In a tweet, Polygon announced they have integrated ERC-7683 across its core platforms—Polygon PoS, zkEVM, and the AggLayer. This evolution is meant to improve the user experience for developers and end users by simplifying asset transfer and so strengthening the interactions among several chains. By removing the need for bridges and wrapped assets, Polygon hopes to simplify cross-chain transactions with ERC-7683, hence ensuring more effective and…
A new era of stock trading is about to unfold in 2025. The 24X National Exchange, a Stamford, Connecticut-based trading platform, is set to launch with an almost uninterrupted schedule. Designed to serve both retail and institutional investors, this exchange plans to operate on business days from 4:00 a.m. to 7:00 p.m. Eastern Time. But that’s not the big deal. Pending final approvals from the U.S. Securities and Exchange Commission (SEC), 24X might extend operations to 8:00 p.m. ET on Sundays through 7:00 p.m. ET on Fridays—essentially open for 23 hours a day with just a one-hour pause. This is…
Bitcoin’s price performance has fluctuated over the past 24 hours, triggering caution in some parts of the cryptocurrency market. This movement has caught the attention of renowned Bitcoin bull and Chairman of MicroStrategy Michael Saylor. Chess analogy as call for long-term vision In a post on X, Saylor appears to give his followers a reason to avoid panic despite the fluctuating price movement of the world’s largest cryptocurrency. The post characteristically depicts Saylor staring intently at a chessboard, focusing on the “white pieces—king, queen, and knight.” The white pieces were surrounded by many black pieces. “Bitcoin is Chess, not Checkers,”…