Author: NBTC
TaskOn, a famous Web3 platform accomplishing diverse projects with decentralization, has announced a new collaboration. As per the firm, it has joined forces with Hashstack, a permissionless zk-local money market forum. The platform took to its official X account to provide the details about this partnership. 🥳 We are thrilled to announce our partnership with @0xHashstack, leveraged yield farming on #Starknet.🚀 Built on Starknet, Hashstack leverages the capability of zero-knowledge proofs to provide a cost & capital-efficient lending solution. Explore more on Hashstack Community!… pic.twitter.com/3mh9qaNsU5 — TaskOn | A Web3 Task Collaboration Platform (@taskonxyz) May 27, 2024 TaskOn and Hashstack…
Bitcoin price started a major decline amid the Israel-Iran tensions. BTC declined toward $60,500 and is currently attempting a recovery wave. Bitcoin is attempting a recovery wave from the $60,500 support zone. The price is trading below $65,500 and the 100 hourly Simple moving average. There is a key rising channel forming with resistance at $65,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $66,000 resistance zone. Bitcoin Price Recovery Faces Hurdles Bitcoin price started a major decline below the $70,000 level. BTC gained bearish momentum…
Solana is now powering DePin infrastructures amid a decline in memecoin hype. Helium, Hivemapper, and io.net are some of the top projects on Solana at the moment. Some projects built on the Decentralized Physical Infrastructure Network (DePin) are currently gaining relevance on the Solana (SOL) blockchain amid dwindling interest in the meme coin ecosystem. At the forefront of this movement are ventures like Helium and Hivemapper, both leveraging the Solana blockchain to foster community-driven infrastructural initiatives. Helium Runs on Solana Helium is a decentralized wireless network representing a prime example of how DePin projects are transforming traditional industries. Helium launched…
Investment bank TD Cowen’s research group noted that the latest approval of Ethereum ETFs is an expected development following the approval of Bitcoin ETFs earlier this year. The approval, which came nearly six months earlier than expected, was seen as inevitable after the SEC approved Ethereum Futures ETFs. “After the SEC approved crypto futures ETFs, this decision was inevitable,” Jaret Seiberg, a member of TD Cowen’s Washington Research Group, said in a note Thursday. He also predicted that the next product could be a “basket of crypto tokens” within a year, possibly consisting of just Bitcoin and Ethereum, but potentially…
Well-known Shiba Inu community figure Del Crxpto has voiced confidence that SHIB will not be the sole ecosystem token to trade on Binance, the largest crypto exchange. Del Crxpto conveyed this sentiment in a recent post on X amid mounting calls for Binance to endorse other Shiba Inu ecosystem tokens. $SHIB will not be the only digital asset in its ecosystem to be on @binance forever. #ThinkMacro — Del Crxpto (@DelCrxpto) May 27, 2024 Shiba Inu Ecosystem Tokens Not Trading on Binance Significantly, the Shiba Inu ecosystem team has launched the tokens Doge Killer (LEASH) and BONE after SHIB, with…
The world fastest-growing fiat-crypto payment gateway, Alchemy Pay announced a new partnership with Kontos to provide zk-powered omnichain infrastructure. This partnership intends to back the chain of Kontos and bring Alchemy Pays On & Off Ramp Solution onto its platform. Excited to partner with @Kontosio, the first user-focused omnichain infrastructure powered by zk!#AlchemyPay has extended support to the Kontos chain and introduce its On & Off- Ramp Solution, enabling global users to easily purchase KUSDT with fiat payments via the #Kontos… pic.twitter.com/T50WvvhFXp — Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) May 27, 2024 Alchemy Pay and Kontos Simplify KUSDT Purchases with…
In a significant move towards enhancing accessibility and liquidity for its users, JitoSOL has announced its expansion to become a native ERC20 token on the Arbitrum network. Leveraging the Native Token Transfers (NTT) technology provided by Wormhole, this integration marks a pivotal moment for the JitoSOL ecosystem. Exciting news! 💥$JitoSOL is now available as a native ERC20 on @Arbitrum by leveraging @Wormhole’s Native Token Transfers (NTT).Learn more.👇 https://t.co/bwh98uzMIm — Jito (@jito_sol) April 29, 2024 Wormhole Integration to Boost Liquidity and Multichain Accessibility for JitoSOL Tokens Wormhole, known for its prominent position as a leading interoperability platform, announced via Twitter that…
A regulation determining the legal framework of cryptocurrencies is coming to the agenda of the Parliamentary Planning and Budget Commission this week. With the changes to be made in the Capital Markets Law, the legal definition of crypto assets will be made. With this regulation, the establishment and activities of crypto asset service providers will need to obtain permission from the Capital Markets Board. Authority for the issuance, sale and distribution of crypto assets will be given to the Capital Markets Board. Making a statement last week, AK Party Group Chairman Abdullah Güler shared the details of the bill. According…
Key Points: Binance sold Gopax’s Genesis asset rights at a steep discount to compensate investors, causing significant losses for Gopax. Genesis’ bankruptcy compensation plan was approved, with creditors to receive 77% of their bond amount. Regulators are investigating Binance’s acquisition of Gopax due to legal and money laundering concerns. According to local news, Binance, the largest shareholder of Gopax, has come under scrutiny for selling Gopax’s Genesis asset rights for less than half their face value. Binance’s Discounted Gopax’s Genesis Asset Rights Initially, Binance pledged to fully compensate investors for their losses, estimated at around KRW 70 billion, following the…
Ethereum’s scaling issue is not a new topic of discussion in the crypto realm; this pioneering smart contract blockchain is notorious for high gas fees due to its limited throughput during periods of high activity. One of the main reasons behind the limited scalability is the sequential nature of Ethereum’s runtime environment, the Ethereum Virtual Machine (EVM). To provide some more context, the EVM is designed to operate as a Turing-complete virtual machine, enabling the secure execution of smart contracts on the Ethereum blockchain. While this runtime environment has been efficient and reliable, it processes transactions sequentially. This means that…