Author: NBTC
Flare, a blockchain network for data, has announced the introduction of FAssets on its canary network, Songbird, ahead of the Flare mainnet launch. Designed to bridge the gap for cryptocurrencies that do not natively support smart contracts, FAssets promise to unlock new use cases for assets like XRP, BTC and DOGE. The overcollateralized bridging mechanism is first being tested on Songbird before a full launch on Flare. Traditional bridging mechanisms, such as custodial solutions or so-called “trustless” multi-signature setups, often introduce vulnerabilities. These mechanisms either rely on centralized entities, as in the case of WBTC, or are susceptible to safety…
FMCPAY, a cryptocurrency exchange platform, has announced a strategic partnership with Xeno, a decentralized network. In this significant collaboration, FMCPAY and Xeno work together to develop new, captivating content and provide extraordinary experiences for crypto and blockchain users across the globe. FMCPAY is a crypto exchange headquartered in the US that offers services to global users. On the other hand, Xeno is a decentralized platform working to make blockchain technology more accessible to people worldwide through mobile devices. 🤝 FMCPAY and XENO NETWORK Announce Strategic Partnership🎉 We’re excited to share that FMCPAY is partnering with @Xenonetworkio, a revolutionized digital community.Xeno…
The strategic rebranding of Hangzhou-based Nano Labs indicates a dedication to blockchain development and international market growth. Today, Nano Labs Ltd., a prominent fabless integrated circuit design firm and supplier of product solutions in China, announced that Tsuki HK Limited, its fully-owned subsidiary, has been formally renamed to Nano bit HK Limited. With this rebranding, Nano bit is reentering the Bitcoin ecosystem and intends to create projects and businesses centered around Bitcoin (BTC). You might also like: Major Institutions Lost $12 Billion After the Fed’s Rate Increase Nano Labs’ dedication to promoting blockchain infrastructure innovation is demonstrated by Nano bit…
Carol Alexander, a cryptocurrency expert and professor at the University of Sussex, remains bullish on Bitcoin’s direction and predicts that BTC will reach $100,000. Speaking about recent market dynamics, Alexander noted that Bitcoin’s occasional sharp price fluctuations are typical and do not diminish its long-term potential. “I’m not sure right now because it was down 5% yesterday, which is not unusual for Bitcoin,” Alexander said, explaining that Bitcoin’s highly leveraged trading environment often leads to significant price swings. “There were a lot of long positions liquidated yesterday,” he noted. Liquidations occur when leveraged positions are automatically closed when their margins…
Tron is up 66.5% this week, consolidating gains after South Korea’s failed power grab and martial law highlighted its popularity in that market. South Korea’s President Yoon Suk Yeol declared martial law on live television on Dec. 3. He claimed that the opposition sympathized with North Korea and declared the activities of the National Assembly (the country’s parliament), other political activities, protests, and demonstrations illegal while also putting media under military control. This was followed by the military storming the National Assembly in an unsuccessful bid to stop them from voting for the annulment of martial law. After the vote…
OKX Wallet has announced its new collaboration with Metaverse HQ. The partnership focuses on improving the reward experiences of the users. The platform took to its official social media account on X to disclose this move. We’re excited to announce that @Metaverse_HQ has integrated our Wallet!You can now use our Wallet to securely collect your exclusive 50x credits on Metaverse HQ’s platform: https://t.co/V68SCBYmVR pic.twitter.com/hpTa1HSAaT — OKX Wallet (@wallet) December 31, 2024 OKX Wallet Joins Forces with Metaverse HQ to Offer 50x Credits to Users OKX Wallet mentioned in its recent X post that the integration with Metaverse HQ intends to…
The continuous evolution of the internet has changed it from Web 1.0 (the read-only version) to Web 2.0, which is social and participatory. At present, the latest Web 3.0 moves a step further by offering decentralization and giving users the control over their data while crypto and blockchain sectors are developing products for this sector. For instance, consumers can carry out secure peer-to-peer payments as well as gather digital items via crypto wallets. Together, blockchain and Web3 technologies aim to enhance internet accessibility, decentralization, and security. Blockchain Technology Blockchain uses the technology of digital ledgers to record transfers across several…
After the significant dip, Bitcoin is now back on track after retesting the crucial $91,000 support level. The crypto analyst on X highlighted this retest as a key milestone and affirmed that a daily close above the crucial support level signals potential stabilization. #BTC Fantastic retest of $91,000 as support Now all about breaking the trendline (blue) to get back to $100,000$BTC #Crypto #Bitcoin https://t.co/uhd8QTaJwo pic.twitter.com/ImIjxg8bD3 — Rekt Capital (@rektcapital) November 27, 2024 “A fantastic retest of $91,000”, Rekt Capital writes on social media, adding that breaking the current trendline is essential for BTC to reclaim the psychological mark of…
Framework Ventures, a prominent thesis-driven crypto venture firm, has made a significant move in the Synthetix (SNX) market. Known as the largest holder and investor in Synthetix, the firm deposited 6.5 million SNX tokens (valued at $19.6 million) into Coinbase Prime. This transaction signals a potential profit-taking decision. Framework Ventures Locks in 152% Profit For context, the new deposit to Coinbase follows a key decision made four months ago when Framework Ventures withdrew 6 million SNX tokens from the exchange. At the time, the withdrawn tokens were worth $7.2 million. This suggests that Framework Ventures likely purchased the tokens during…
Spanish banking giant Banco Bilbao Vizcaya Argentaria (BBVA) is deepening its foray into the crypto ecosystem. Garanti BBVA Kripto, a crypto custody platform operated by Garanti BBVA — Turkey’s fifth largest bank, which as of December 2023 was almost 86% owned by BBVA — will soon be providing crypto trading services to the general public. Bit2Me, a crypto exchange founded in Spain in 2014, will be used as the bank’s trading execution center. And now that the Markets in Crypto-Assets (MiCA) regulation is in full effect across the European Union, the partnership between BBVA and the crypto exchange is a…