Author: NBTC
Solv Protocol, a prominent Bitcoin staking platform, is facing allegations of inflating its total value locked (TVL) figures. Industry experts have raised these accusations, which question the platform’s asset-handling practices and the accuracy of its reported metrics. However, the platform’s team has strongly denied these accusations, labeling them as unfounded and an attempt to spread fear and misinformation. Concerns Arise Over SolvBTC’s Asset Handling On January 3, Hanzhi Liu, co-founder of Nubit, brought attention to potential irregularities in Solv Protocol’s operations. Liu alleged that blockchain data suggests the platform recycles the same Bitcoin across multiple protocols instead of locking unique…
CryptoAutos, the world’s first crypto-powered luxury car marketplace, integrated with Hedera Hashgraph (HBAR), marking a landmark development in the automotive marketplace. With this integration, CryptoAutos is redefining the way users purchase high-end vehicles using cryptocurrencies. Hedera’s Integration with CryptoAutos The integration into CryptoAutos marks a significant upgrade to the platform’s capabilities. Hedera’s advanced blockchain technology offers near-zero transaction fees, secure settlements, and unmatched reliability, making it a perfect match for CryptoAutos. This integration enhances the platform’s user experience while providing a gateway to Hedera’s strong community, expanding CryptoAutos’ reach globally. Hedera’s near-zero transaction fees and instant finality enable CryptoAutos to…
The sun is setting on Gary Gensler’s tenure as US Securities and Exchange Commission (SEC) chair, which means all the attention now turns to the agency’s upcoming filing deadline in the ongoing legal tussle with Ripple. The SEC is expected to file its opening brief before January 15, the deadline extended by the 2nd Circuit Court of Appeals. The SEC, led by Gensler, is set to continue its appeal in the Ripple lawsuit. With a few days left on the calendar before Trump appointee Paul Atkins assumes the head office, former SEC lawyers Marc Fagel and James Farrell have affirmed…
Bitcoin price momentum has grabbed significant attention as it gradually sheds some of its gains acquired in the past weeks. So far, Bitcoin has plunged 7.6% from its all-time high (ATH) of $99,645 seen last week. Particularly, at the time of writing, the asset trades for $92,476. Marking roughly 4.6% drop in the past day alone. What To Expect From This Current Bitcoin Decline Amid the ongoing correction in Bitcoin’s price, a recent analysis from CryptoQuant’s BaroVirtual has highlighted the steady decline in Bitcoin reserves across major crypto exchanges. According to the analyst, this pattern indicates a market amid a…
In a significant move, Quantum AI has announced a new partnership with Rabbit, a leading provider of decentralized services in the DeFi space. The news about this collaboration was shared via Quantum AI’s official X account. This is a major improvement on the evolving decentralized finance (DeFi) technology. 🌓 Partnership Announcement: Quantum AI x @therabbit_io !We’re excited to introduce our collaboration with Rabbit!Rabbit provides an ever-growing suite of decentralized services that aim to bring value to the DeFi space by delivering disruptive, flexible, and audited… pic.twitter.com/HTEb62A0WH — Quantum AI (@QuantumTon) January 4, 2025 Rabbit Launchpad Promises Secure Fundraising for DeFi…
In a recent update shared by Intersect, Cardano has announced the introduction of Plan 529, a significant step toward its upcoming Plomin hard fork upgrade. In late November, the hard fork working group decided to name the upcoming intra-era hard fork after Matthew Plomin, a dedicated Cardano community member and the cofounder of Cardano USDM stablecoin, who passed away in November. The hard fork was originally known as Chang 2 hard fork. According to Cardano member-based organization Intersect, Plan 529 encapsulates preparations necessary for the mainnet hard fork governance action, set to be raised during epoch 529. https://t.co/jl1KE4oJng — Intersect…
Attorney John Deaton urges a federal probe into Operation ChokePoint 2.0, exposing FDIC’s actions to limit cryptocurrency services, including Bitcoin and Ethereum transactions. The crypto industry backs Deaton, citing stifled innovation and unfair treatment. Deaton emphasizes transparency and fair regulations for U.S. crypto growth. Attorney John Deaton, an ardent XRP holders’ advocate and a lawyer who was in direct confrontation with the SEC, presented a petition seeking a federal investigation into Operation ChokePoint 2.0, which has been reported to target cryptocurrency activity throughout the United States. John Deaton’s Fight Against Operation ChokePoint 2.0 He is willing to conduct the probe…
Airdrop season is in full swing, with apps, protocols, and other projects seizing upon bear market vibes to finally drop their tokens—and potentially reward millions of crypto users in the process. What exactly is an airdrop, though? When it comes to crypto tokens, an airdrop is typically a way for a project to reward its early users and contributors by giving them a share of a newly launched token, all while spreading the tokens far and wide for decentralized governance. When it comes to blockchain networks and tokens primed specifically for gaming, there are some pretty compelling airdrops on the…
Shieldeum has officially collaborated with THENA, a popular trading platform and a liquidity provider for both BNB Chain and opBNB. The integration enables the utilization of thena ve(3,3) tokenomics to establish a sustainable liquidity mechanism for the Shieldeum ecosystem. 🚀 Shieldeum x THENA: A Game-Changing Partnership We are excited to announce our partnership with THENA, the premier trading hub and liquidity layer on BNB Chain and opBNB! Shieldeum will invest in the Thena ecosystem to attract new traders and Liquidity to SDM.🔑 What Does… pic.twitter.com/a0GQ0sdXY1 — Shieldeum – AI powered DePIN (@Shieldeum) January 1, 2025 The structure of the ve(3,3)…
Since the day of its release, January 2024, Bitcoin ETF has seen a massive inflow from institutional investors, allowing it to diversify assets without owning Bitcoin on the crypto market. Bitcoin spot exchange-traded fund (ETF) recorded volume trading of $5 billion on Nov. 26; the volume was led by dominant key players in the industry, including BlackRock, Fidelity and Grayscale. According to Coinglass data, BlackRock’s iShares Bitcoin Trust (IBIT) record $3.46 billion volume trading in the past 24 hours. At the time of writing, IBIT is the highest among its competitors, with asset under management (AUM) and market capitalizations of…