Author: NBTC
In a time in which blockchain innovation interacts with social problems, DWF Labs has announced that they would be providing a grant of $500,000 to $BARSIK, a project that is focused on the welfare of cats. This announcement has aroused a lot of curiosity. On November 19, the prominent Web3 corporation made the announcement that they will be providing a grant to the meme project. DWF Labs in the post said: “We are proud to support $BARSIK, a meme that combines blockchain technology with a meaningful cause.” The combination of blockchain technology, meme culture, and animal welfare may seem to…
Paxos, a leading regulated blockchain infrastructure and tokenization platform, has launched Global Dollar (USDG), a US dollar-backed stablecoin that aligns with MAS’s upcoming stablecoin structure. Paxos Digital Singapore Pte. Ltd. is the issuer of USDG and is regulated by the Monetary Authority of Singapore (MAS). Paxos’ subsidiary, Paxos Global Pte. Ltd., will partner with global exchanges, wallets, and platforms to distribute USDG to individuals and institutions. USDG is designed to support the needs of regulated institutions that maintain higher standards of operation. USDG is available today on Ethereum and will be issued on more blockchains in the near future. Paxos…
Nigeria’s proposed Investments and Securities Bill, which proposes jail terms for Ponzi scheme operators, has been welcomed by crypto industry players who hope this will help clean up the sector’s reputation. 10-Year Jail Terms Proposed for Ponzi Operators Some members of Nigeria’s digital asset industry have hailed a draft bill proposing hefty fines and jail terms for Ponzi scheme operators. They argue this would go a long way in undercutting criminals who use the term “crypto” to defraud unsuspecting investors. Additionally, they contend that removing such bad actors would help sanitize a sector long dominated by fraudsters. As widely reported…
The Bitcoin outflows from centralized exchanges and the rising whale accumulation helped it surpass the $67,000 mark again. According to data provided by IntoTheBlock, the Bitcoin (BTC) exchange net flows witnessed two days of inflows on Oct. 20 and 21, bringing the price down from the local high of $69,400. BTC CEX net flows – Oct. 24 | Source: IntoTheBlock On Oct. 22 and 23, this movement shifted back to outflows. Per ITB data, BTC recorded a net outflow of $581 million over the past week. The increased outflows show the accumulation phase. You might also like: Major Bitcoin miners…
IntoTheBlock has published a report about Ethereum, while the whole market is watching what is happening to Bitcoin. At the moment, IntoTheBlock says, Ethereum’s on-chain activity shows several potential resistance spots ahead on the chart. However, in the current market they may prove insignificant. Besides, many Ethereum owners are expecting the price to rise higher in the nearest term with selling pressure remaining at the minimum. 5 key ETH indicators to watch revealed by report The above-mentioned data source has revealed five important indicators that traders and investors should watch to get an idea of which direction the Ethereum price…
Canadian interest in copy trading now surpasses 2021’s cryptocurrency boom levels. Platforms like BTCC make copy trading more accessible for everyday investors. Copy trading growth is driven by increased crypto users and simpler trading tools. Copy trading, a method allowing individuals to replicate the trades of experienced investors, has been a part of the financial landscape since 2005. Yet, for years, Canadian investors showed minimal enthusiasm for this strategy. According to data from Google Trends, significant interest among Canadian traders did not emerge until 2018. Now, a resurgence is underway, with current levels of interest surpassing even the peak observed…
The crypto market is preparing for several significant unlocks this month, with around $2.78 billion in tokens scheduled for release in November. BeInCrypto has highlighted the top five unlocks that will introduce a substantial influx of assets into the market. November Token Unlocks: What to Expect According to Tokenomist (formerly Token Unlocks) data, nearly $1 billion of this month’s token unlocks are classified as cliff unlocks. In token unlock events, a cliff refers to tokens released on a periodic schedule rather than daily, such as on a weekly, monthly, or yearly basis. Since token unlocks introduce previously unavailable tokens into…
Former U.S. Securities and Exchange Commission Chair John Reed Stark has predicted a massive uptick in cryptocurrency crime after a leadership change that is going to take place at the agency in the near future. Stark, a vocal critic of the cryptocurrency industry, recently admitted that the agency’s efforts to regulate the industry with enforcement actions were essentially over. As reported by U.Today, he expects the agency to drop all non-fraud crypto cases, including the lawsuits against Binance and Coinbase. As reported by U.Today, several top contenders in the race to replace SEC Chair Gary Gensler have already emerged. These…
The institution set up a multi-legged strategy in Derive’s onchain options market, generating $25 million in volume. The strategy will make the most profit if BTC rises to $80,000 by the end of November. As the U.S. election nears, increased betting and hedging tied to the political event, is powering notable increases in trading volumes in the crypto market. The election will have far-reaching consequences for the crypto regulatory space in the world’s largest economy. Early this week, the decentralized derivatives exchange Derive saw an institution take a multi-legged bitcoin (BTC) options strategy, betting on a continued move higher in…
What’s good for the L1 is good for the L2s. That’s the assessment the teams behind zkSync and Polygon, two of the leading layer-2 networks running on top of Ethereum, gave of a recent proposal to overhaul the $400 billion blockchain, dismissing suggestions it would make their auxiliary networks redundant. Last week, at the biennial Devcon gathering in Bangkok, Thailand, developer Justin Drake laid out an ambitious plan to revamp Ethereum’s consensus layer architecture. As part of that plan, which has come to be known as the “Beam Chain,” Drake suggested incorporating zero-knowledge cryptography, which several L2s use to compress…