Author: NBTC
BNB Chain has launched a new cross-chain bridge in partnership with Celer, deBridge, and Stargate to enhance blockchain interoperability. The Binance-backed blockchain ecosystem BNB Chain (formerly Binance Smart Chain) has unveiled a new cross-chain bridge called “BNB Chain Bridge,” developed in collaboration with cross-chain technology providers Celer, deBridge, and Stargate. Per an Aug. 28 press release shared with crypto.news, the cross-chain bridge is designed to streamline asset transfers between BNB Chain and other blockchain networks, supporting developers and startups in advancing global web3 adoption. In addition to the bridge, BNB Chain is also launching a liquidity pool to “streamline transfers…
The crypto ecosystem and that of Ethereum are constantly evolving, with new developments capturing the attention of investors and technology enthusiasts. Recently, a piece of news has caused a stir: the integration of USD Coin (USDC) by Circle within Apple’s NFC (Near Field Communication) ecosystem. This partnership, which links two giants of their respective sectors, could represent a turning point for the cryptocurrency market, and in particular for Ethereum (ETH). The scope of the agreement between Apple and Circle USDC: what does Ethereum gain? Implications for the cryptocurrency market Conclusion The scope of the agreement between Apple and Circle USDC:…
The IOTA Grants Program has announced funding for 26 out of 99 applications, totaling $2,744,000, to support various DeFi projects, including lending, NFT marketplaces, SocialFi, and tooling. Take a look at the exciting news about the five projects below that have been beneficiaries of the IOTA Grants program. The IOTA Ecosystem DLT Foundation’s Grants Program continues to support innovation in the digital asset space. To better inform the community, the Foundation will now provide updates more frequently. In the latest round of IOTA Grants, 26 out of 99 applications have been awarded funding, totaling $2,744,000. The funded projects span various…
Delaware – Creditcoin, a trailblazing Layer 1 blockchain, has officially launched its EVM-compatible mainnet, signaling a major step forward in its mission to expand global financial inclusion through innovative blockchain technology. Alongside this upgrade, Creditcoin has also unveiled the CreditWallet app, a powerful new tool designed to enhance user interaction within the Creditcoin ecosystem.—The introduction of EVM compatibility on the Creditcoin network is a significant leap forward. This upgrade allows developers to effortlessly migrate their existing dApps and smart contracts to Creditcoin, promoting easier multi-chain interactions. By reducing the complexities and costs traditionally associated with cross-chain operations, Creditcoin is paving…
Ethereum has climbed 4% from a low of $2,566 to a high of $2,695. Ethereum’s fees hit a five-year low due to rising memecoins and the Dencun upgrade. In the last 24 hours, the Ethereum (ETH) price has climbed over 4%, rising from a low of $2,566 to a high of $2,695, which has sparked optimism among investors. After a week of consolidation, the second-largest cryptocurrency finally broke through the $2,500 resistance zone. At the time of writing, Ethereum is trading at $2,644, with a market capitalization of $320 billion. Additionally, the daily trading volume has seen an 18% increase,…
Although Nvidia’s (NASDAQ: NVDA) stock is one of the best performers in the stock market in 2024, heavy insider selling activity, especially before its August 28 Q2 earnings report, is worrying some investors. Namely, its CEO Jensen Huang sold over $128.2 million worth of Nvidia shares in five different transactions in the previous 30 days; notably, all transactions included the same number of shares sold—240,000. Huang sells over half a billion worth of Nvidia stock in 2024 With trades spanning from June 14 to the most recent one on August 9, Huang has racked in an impressive $578.7 million from…
VeStation introduces $ssUSD stablecoin, enhancing DeFi stability. VeBetterDAO integration boosts efficiency and sustainability in staking. Scalable blockchain solutions drive VeStation’s path to adoption. VeStation, latest addition in the decentralized finance (DeFi) game, is leading a revolution on the VeChain Blockchain with innovations in sustainable staking. VeStation is setting a new standard for eco-friendly blockchain finance with its initial launch of the $ssUSD stablecoin and its strong integration of VeBetterDAO. VeStation: Pioneering Staking Innovation for Sustainable DeFi with VeBetterDAOHow does VeStation leverage VeBetterDAO to pioneer sustainable DeFi staking innovations? Let’s continue to watch. This is a thread🧵(n/11)#Sustainable #VeBetterDAO #DeFi pic.twitter.com/32SLsB3Bg1 —…
Starting with just a handful of pioneers a few years ago led by Arbitrum and Optimism, there’s been a rapid multiplication of layer-2 networks atop Ethereum, designed to provide an alternate venue for executing transactions, usually cheaper and faster. The tracking website L2Beat now lists 73 active layer-2 projects, 20 layer-3 projects, 81 upcoming projects and 12 already archived. That’s the backdrop for why Alex Gluchowski, CEO of Matter Labs, the main developer firm behind the ZKsync layer-2 protocol, sees fragmentation as the next big challenge the blockchain space needs to tackle. “Right now the race is to solve the…
On August 5, Ethereum’s (ETH) price dropped to $2,226, causing the broader market to panic. But since then, the altcoin has been able to erase some of the losses, trading at $2,660 at press time. However, investors are wondering whether ETH has survived its most difficult phase. This on-chain analysis reveals the answer. Ethereum’s Bull Run Is Back on Track One way to assess this is by analyzing the Market Value to Realized Value (MVRV) pricing bands. These bands allow investors to estimate the price levels at which a cryptocurrency will reach a high level of unrealized profits or losses.…
A bold claim on X – “Crypto is the currency of AI” – has ignited a fiery debate within the crypto community. The statement has drawn strong reactions, pitting supporters of fiat and crypto against each other in a discussion about the future of payments in the AI industry. Crypto is the currency of the AI. — Naval (@naval) August 27, 2024 The spark was lit by a crypto user known as Naval, whose post quickly went viral. While some argue that fiat currencies like the US dollar remain dominant in AI transactions, others, including prominent figures in the crypto…