Author: NBTC

LlamaRisk, Aave’s risk service provider, has proposed reducing the loan-to-value (LTV) ratio of BitGo’s Wrapped Bitcoin (WBTC) to zero on the DeFi lending platform. However, the Aave community, including Marc Zeller, founder of the Aave Chan Initiative (ACI), is opposed to this move. Aave Community Debates WBTC Proposal The proposal highlights concerns stemming from BitGo’s custodial transition for WBTC. In August, BitGo announced its plan to transfer control of WBTC to a joint venture with BIT Global, a partnership that includes Justin Sun, founder of the Tron blockchain. Sun’s involvement has raised transparency concerns. “Although we continue to be in…

Lookonchain reports that whales are scooping Aethir (ATH) tokens, suggesting it is the new gold rush amid soaring demand for GPUs. Decentralized Physical Infrastructure Networks (DePin) continue to be a growing narrative, transforming the tech sector. They enable decentralized projects in real-world infrastructure. Whales Flock to DePin Token ATH On Thursday, Arthur Hayes reportedly purchased 11.4 million ATH tokens worth approximately $800,000 from OKX, according to Lookonchain. The BitMEX founder also received 29.611 million ATH tokens from multiple exchanges, including KuCoin, Bybit, and HTX, as highlighted by Arkham. Meanwhile, WuBlockchain indicates that Hayes holds 41.011 million ATH, worth about $2.84…

Community tokenization in gaming transforms players into stakeholders, enhancing engagement. Catizen is one of the standout examples of community tokenization in the gaming space. Catizen has achieved a 6-8% token holder conversion through strategic airdrop campaigns. The gaming industry is undergoing a profound transformation, driven by the rise of blockchain technology and the concept of community tokenization. This shift is turning players from mere participants into stakeholders, giving them ownership and governance rights in gaming ecosystems. The concept of community tokenization, particularly in gaming, is gaining popularity because of the multiple benefits it offers. Projects that adopt this model create…

In a thrilling development concerning the Solana platform, Sanctum has collaborated with Jupiter Exchange and BasedApp. The partnership focuses on launching the Cloud Card (an innovative SOL-based debit card) to revolutionize $SOL payments. The platform revealed this development on its official social media account on X. We’re excited to be part of this initiative, as Cloud Card is LST based, the stake from this card will go towards Jupiter Validator. The growth of Cloud Card thus directly benefits Jupiter’s users via Jupiter stake -> higher JupSOL APYs + more transactions landing! https://t.co/krtALW1Lu6 — Jupiter 🪐 (@JupiterExchange) September 22, 2024 Sanctum…

HashPack Wallet has rolled out its latest update, v10.5.0, bringing key improvements for its users. One of the most notable additions is the ability to set unlimited auto-associate slots. This feature is accessible from the account settings page and enables any token to be sent to the wallet without requiring manual association. Users can also utilize this feature during account creation, simplifying the onboarding process for new users. HashPack disclosed this news with the crypto community through its official X account. HashPack v10.5.0 is now live! ✨Token Reject & Unlimited Auto AssociateYou can now set unlimited auto associate slots from…

Michael Saylor, a prominent Bitcoin supporter and cofounder of the MicroStrategy business intelligence giant, has taken to his official handle on the X platform to make an important BTC statement. “Fix the money. Fix the world” Saylor shared an image with the map of the world, where most of the continents are marked in black, and under Africa, a girl is sitting in a swing, also drawn in black. “Fix the Money. Fix the World,” Michael Saylor tweeted as if suggesting that the way things work in the world at the moment is far from perfect because of fiat money…

Binance Labs, the venture capital and incubation arm of Binance, announced investing in OpenEden, a platform focused on the tokenization of real-world assets (RWAs) on Sept. 12. Here’s a closer look at OpenEden and what it offers. What is OpenEden? OpenEden is a multi-faceted platform that encompasses a Monetary Authority of Singapore-licensed fund management company and a comprehensive tokenization technology firm. The platform focuses on enabling easy access to tokenized U.S. Treasury securities, allowing investors to engage with these low-risk assets in a decentralized manner. OpenEden’s flagship product is the tokenized U.S. T-Bill Fund, known as TBILL. This fund is…

Several fan tokens are expected to draw attention starting Friday and throughout the weekend as football enthusiasts gear up for the Premier League 24/25 season. The integration of blockchain technology and cryptocurrency has revolutionized how fans engage with their favorite teams. Fan tokens now boast a combined market capitalization of up to $276 million, highlighting their growing influence in the sports world. Fan Tokens Primed for Volatility on Premier League Buzz Summer saw football players engage in international tournaments with weeks of pre-season preparations. The Premier League kicks off on Friday, August 16, with fixtures already announced. Amid the excitement,…

UOMI Network is a somewhat unique project based on blockchain in the AI field, where economic agents will be represented by NFTs. UOMI introduces AI economic agents on blockchain with NFT The framework of UOMI The OPoC protocol The UOMI project: the latest blockchain innovation with AI and NFT UOMI introduces AI economic agents on blockchain with NFT UOMI is working towards a future where AI agents will have their own true economic agency. Their platform allows these AI agents to own and manage digital assets, represented as NFT on any EVM-compatible blockchain. Their innovation aims to operate not only…

Bitcoin’s (BTC) price barely budged after Mt. Gox, the defunct Japanese exchange, unloaded another $2 billion of tokens late Tuesday, inching closer to finishing its $9 billion asset distribution that has been a major source of worry for investors. Blockchain data by Arkham intelligence shows that Mt. Gox-related addresses moved 47,229 BTC worth roughly $3.1 billion between internal wallets and then transferred nearly 34,000 BTC worth $2.3 billion to new addresses little before Tuesday at midnight UTC. Arkham analysts said that the recipient was most likely BitGo, the last one of the five crypto service providers where creditors will be…