Author: NBTC
A new stablecoin has emerged among the top ten U.S. dollar-pegged tokens. Known as USDB, this auto-rebasing stablecoin was developed by the Blast team. Despite the stablecoin economy being underwhelming over the past 30 days, USDB has quietly secured the ninth-largest market capitalization among all U.S. dollar stablecoins. USDB Climbs the Ranks The decentralized finance (defi) protocol Blast has introduced a stablecoin named USDB, which currently has a market valuation of $405 million. Blast operates as an experimental layer two (L2) network built on Ethereum, offering native yield on specific crypto assets. USDB is Blast’s native stablecoin, provided to users…
FOXY, the trending memecoin and mascot on Linea, has now become even more accessible. Thanks to its recent integration with Alchemy Pay, purchasing FOXY with fiat currency is now straightforward and hassle-free. This collaboration enables users to buy FOXY using their local currencies and preferred payment methods directly through Alchemy Pay’s Fiat On-ramp. Seamless Purchase Experience with Alchemy Pay FOXY has integrated Alchemy Pay on its website, providing a seamless gateway for community members to purchase the coin instantly. This integration supports over 50 fiat currencies, making FOXY available to users in 173 countries. With a variety of payment methods,…
Amidst positive sentiment surrounding the cryptocurrency market, well-known crypto analyst and enthusiast Crypto Con has offered a bullish overview of Bitcoin by identifying historical patterns that indicate that the price of BTC might rise to $123,832 in the upcoming months. By analyzing past market behavior and trends, the expert has discovered crucial indicators that suggest Bitcoin’s potential to outperform previous highs and reach unprecedented heights. Most Accurate Bitcoin Price Bands Crypto Con’s analysis delves into Bitcoin’s current behavior based on its price bands at several levels, particularly 3 levels, as shown in his chart. According to the analyst, level 3…
A crypto YouTuber analyzed how the BRICS bloc (Brazil, Russia, India, China, and South Africa) is challenging the United States on the economic front, potentially leveraging cryptocurrencies to gain an advantage. The podcast looks at how BRICS nations are forming alliances with other countries that may have previously opposed the U.S. The presenter also highlights Russia’s potential use of cryptocurrency, specifically Tether’s USDT, to launder money. Citing a report by blockchain analytics firm, Inca Digital, it is suggested that Russians may be trading cryptocurrencies through platforms that do not require KYC (Know Your Customer) checks. The report also lists exchanges…
Bitfinex, one of the leading crypto exchange platforms in the world, recently announced its decision to list ZRO, the native token of LayerZero. This strategic move positions Bitfinex at the forefront of adopting emerging technologies in the cryptocurrency and blockchain sector. LayerZero, an innovative solution for blockchain interoperability, promises to revolutionize the way different blockchain networks communicate and interact with each other. LayerZero and the token ZRO: the bet of Bitfinex The impact on the cryptocurrency market Conclusion LayerZero and the token ZRO: the bet of Bitfinex The project in question is an interoperability protocol designed to connect different blockchains…
During a week headlined by a key approval for US spot ether ETFs, investor capital poured into America’s bitcoin funds. Nearly $1.1 billion collectively entered the 11 US spot bitcoin ETFs, according to Farside Investors data. It marked the third straight week of net inflows for the fund category after four consecutive weeks of outflows. Last week’s flows marked the highest weekly bitcoin ETF inflow total since the segment saw more than $2.5 billion from March 11 to March 15. The latest total narrowly eclipsed the $948 million of inflows reeled in by the funds between May 13 and May…
Moonbeam Network, a Web3 smart contract platform, has launched a $13 million funding initiative to boost its ecosystem growth in key areas like gaming and real-world asset (RWA) tokenization. The $13 million package consists of a $10 million innovation fund, $1.5 million in Moonbeam ecosystem grants, and $1.5 million in Moonriver grants. Moonbeam said the funding marks the next phase of its Moonrise initiative, which aims to evolve the parachain into a leading solution for integrated Web3 networks, including Polkadot and Ethereum. Innovation fund The Moonbeam team explained that one of the network’s primary goals was to attract more games…
MENA crypto trading platform, BitOasis has received a Category 2 crypto asset service license from the Central Bank of Bahrain. Category 2 licenses support trading in accepted crypto assets as an agent, portfolio manager, crypto-asset custody service, and investment advice provider. Also read: Dubai’s regulator suspends BitOasis crypto exchange license This is the first license for BitOasis in the GCC (Gulf Cooperation Council) and MENA (Middle East and North Africa) region. BitOasis is still waiting for a full license in Dubai after its license process became active again. Currently, BitOasis is offering crypto trading services to retail and institutional investors…
Metaplanet Inc. (TSE Standard: 3350), a Japanese publicly traded company, has announced a significant enhancement to its Bitcoin holdings. In a recent board of directors meeting, the company resolved to purchase an additional ¥250 million, currently worth $1.6 million USD, worth of Bitcoin. JUST IN: 🇯🇵 Japanese public company Metaplanet to buy another ¥250 million worth of #Bitcoin pic.twitter.com/YmRDiLl02z — Bitcoin Magazine (@BitcoinMagazine) May 28, 2024 Metaplanet has recently outlined its approach to managing their Bitcoin. The company also stated that Bitcoins acquired for long-term purposes will be recorded at cost, ensuring stable accounting treatment over time. Conversely, Bitcoins held…
CryptoSlate’s James Van Straten and I sat down with Paolo Ardoino, the CEO of Tether, at BTC Prague this month. In one of Paolo’s most transparent to date, he addressed several critical topics related to Tether, including FUD surrounding Tether, its holdings in US treasuries, and competition in the industry. 2022: A Year of Challenges and Resiliency Paolo reflected on 2022 when I first met him at Paris Blockchain Week, labeling it as significant for both good and bad reasons. He acknowledged that while the year saw the exit of many bad actors from the crypto industry, it also provided…