Author: NBTC
Flare Labs enables DeFi access for XRP, BTC, and DOGE through its innovative FAssets system. FAssets allows non-smart contract tokens to engage with decentralized finance applications. Flare Labs is rapidly increasing the capabilities of FAssets, a novel system meant to integrate non-smart contract assets such as XRP, Bitcoin, and Dogecoin into the decentralized finance (DeFi) ecosystem. Plans to quickly add FBTC for Bitcoin and FDOGE for Dogecoin drove the original FAssets deployment to begin with FXRP, a tokenized form of XRP as we previously reported. This method lets users turn non-smart contract assets into ERC-20 compatible tokens, therefore facilitating smooth…
In the wake of the U.S. presidential election results, Tesla (NASAQ: TSLA) shares experienced a significant uptick, reflecting investor optimism tied to political developments. The electric vehicle giant saw its stock rise over 15% in pre-market trading on November 6, 2024, following the announcement of former President Donald Trump as the winner of the 2024 U.S. elections in a historic victory. The market’s response was largely driven by idea that Trump’s policies could favor Tesla, especially given the relationship between Trump and Tesla’s CEO, Elon Musk. Tesla Stock Soars on Donald Trump Victory Tesla’s stock performance was notably robust, closing…
A 150 million XRP transfer from Ripple today coincides with the bullish sentiment around XRP following speculations of a potential ETF. Payment giant Ripple has unloaded another huge amount of XRP as speculations of a possible XRP ETF swell. Blockchain whale tracker Whale Alert reported that Ripple moved a staggering 150,000,000 XRP, worth $85 million. 🚨 🚨 🚨 🚨 150,000,000 #XRP (85,383,318 USD) transferred from #Ripple to unknown wallethttps://t.co/uwRDwlk3LS — Whale Alert (@whale_alert) September 13, 2024 The Friday transaction saw Ripple move the funds to familiar territory. Per on-chain data, the transaction was done by 4:40 AM (UTC) from a…
Optimism, one of the major layer-2 networks, has managed to get a slew of clients and firms to deploy their own blockchains using its technology, known as the OP Stack. Part of the strategy to get new networks to use the technology is to give out large sums of OP tokens in the form of grants. Officials within the Optimism ecosystem say those tokens are supposed to help different projects kickstart their building on OP Stack. Some argue within the ecosystem it’s too early to conclude whether OP Stack has won the layer-2 race. One of the biggest trends of…
In the latest update from Phoenix Group, the top ten Solana-based projects based on TVL highlight the network’s growth. As Solana keeps increasing its presence within the DeFi sector, the top projects in line with the TVL denote its expanding span across diverse DeFi sections. The on-chain analytics provider shared the list of these projects, including $JTO, $KMNO, $JUP, and so on. TOP 10 #TVL ON #SOLANA $JTO $KMNO $JUP $MNDE $RAY $CLOUD $DRIFT #Marginfi $MET $SLND pic.twitter.com/mEsHK02bx9 — PHOENIX – Crypto News & Analytics (@pnxgrp) November 5, 2024 $JTO Dominates the Solana Ecosystem Based on TVL $JTO, a staking…
U.S. crypto equities are up double digits across the board as bitcoin climbed above $75,000 to a record. MicroStrategy is approaching a record high, adding 12% in pre-market trading. Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR), Riot Platforms (RIOT), IREN, Semler Scientific (SMLR) and Marathon Digital Holdings (MARA). U.S. crypto company shares surged in pre-market trading after bitcoin (BTC) jumped above $75,000 on indications Donald Trump was on track to win the U.S. presidential election, an outcome confirmed when he secured more than the 270 electoral college votes needed for victory. MicroStrategy (MSTR), the largest…
If XRP sees a 100,000% price growth, an individual who has invested $1,000 in XRP today stands to become a millionaire. As of today, XRP trades at $0.5272, reflecting a 5.73% drop over the past week and a 9% decline over the last 30 days. A $1,000 investment would yield approximately 1,897 units of XRP at this price. While this may seem modest, investors stand to gain significantly if XRP reaches some of the bullish price growth predictions circulating among analysts. This article explores the potential returns on a $1,000 investment if XRP experiences price increases of 1,000%, 10,000%, or…
BNB Chain, Binance’s blockchain ecosystem, has launched a new asset tokenization portal focused on real-world assets (RWAs) and private companies. This service aims to provide low-cost access to a growing market. The company sees tokenization as a critical path to attracting new users to its platform. BNB Chain’s Tokenization Portal BNB Chain, Binance’s blockchain ecosystem, has introduced a tokenization solution designed to let users tokenize investments in real-world assets (RWAs) and private companies. The announcement, shared exclusively with BeInCrypto, highlights BNB Chain’s commitment to expanding access to tokenized assets. Jimmy Zhao, Senior Solution Architect at BNB Chain, emphasized this strategic…
Dr. Adam Back, cofounder and CEO of Blockstream, is a British cryptographer and computer scientist, widely known for his 1997 invention of Hashcash, the proof-of-work system foundational to bitcoin mining. As CEO of Blockstream, Dr. Back plays a central role in developing infrastructure and scaling solutions shaping the future of finance on Bitcoin. Key Blockstream innovations include the Liquid Network, Bitcoin’s first and leading sidechain, designed to enable faster, more confidential transactions, as well as the seamless issuance of digital assets, including stablecoins and tokenized real-world assets (RWAs). Back is widely known in the crypto community because he had communications…
Ozean, a blockchain for the yields of Real-World Asset for Clearpool, has partnered with HELIX, an institutional-level RWA DeFi protocol. The partnership represents an important evolution of decentralized finance (DeFi) since Ozean connects private credit and fixed-income assets to the blockchain. HELIX will use a Big Data Credit Analytics platform to distribute private credit funds, money market products, and syndicated loan facilities to onboard users for off-chain investment products. HELIX Brings Institutional-Grade Private Credit to Blockchain HELIX delivers comprehensive on-chain fixed-income solutions, including private credit funds, money market funds, and syndicated loan options. It applies rigorous risk management to ensure…