Author: NBTC
Recent forecasts point unmistakably to accelerating finance digitalization. The Bank of International Settlements, a central bank association, predicts rapid proliferation of national digitial currencies (CBDCs) over the coming years, while surveys reveal institutional investors are planning to allocate billions to asset tokenization. But the immaturity of security controls is a major challenge for institutional demand. The technology underlying decentralized finance can be securely used to provide tremendous liquidity potential for asset tokenization and myriad other use cases. But, as it currently stands, there are risks stemming from the full dependency on software security and accountability issues. Smart contract vulnerabilities have…
The recent shift in ETH Net Unrealized Profit/Loss (NUPL) into the ‘Belief — Denial’ zone signals a pivotal juncture. Ethereum’s current position at this delicate threshold suggests that while confidence in its long-term value remains robust, there exists a looming caution that market dynamics could pivot. For an in-depth exploration of these factors and a strategic examination of Ethereum’s potential paths forward, delve into the complete analysis. ETH Is the Clear Winner Among the Top 10 In an analysis focusing on the year-to-date (YTD) growth of the leading 10 cryptocurrencies, excluding stablecoins and memecoins, ETH has demonstrated a remarkable increase,…
Notcoin, the viral tap-to-earn game on messaging app Telegram, announced on Thursday the launch of pre-market vouchers—NFTs that live on The Open Network (TON) that will allow high-level players to trade their future NOT tokens before the airdrop has been conducted. The minimum amount of mined Notcoin required to convert into an NFT voucher is 10 million coins, with the next-sized voucher available at 100 million coins. As such, the vouchers are only available to hardcore players that have amassed at least eight figures worth of in-game coins. Vouchers can be used to trade NOT before the token is launched,…
A National People’s Congress member has submitted a proposal advocating for expanding blockchain infrastructure to bolster China’s government services and economic sectors. At the Two Sessions meeting in Beijing, Dong Jin, the National People’s Congress delegate, submitted a formal suggestion to enhance the country’s blockchain infrastructure and establish industry standards. As reported by China News Service, the suggestion aims to support government services, supply chains, and trade with advanced blockchain solutions. Jin, who oversees a national blockchain research center in Beijing, highlighted the potential of blockchain in managing the vast data resources generated by China’s booming digital economy. You might…
Ethereum’s market value has surged to an impressive $3,920. This substantial uptick in the second-largest cryptocurrency’s value has caught the attention of the crypto community, signaling potential shifts in the broader market dynamics. Over the past three days, Ethereum has demonstrated its resilience and competitiveness against Bitcoin, with a remarkable +9.5% increase in its market price ratio compared to the leading cryptocurrency. Such deviations in the dominance of these two giants often lead to interesting market dynamics, prompting swift profit redistribution and heightened activity among major players. 📈🐳 #Ethereum’s market value is up to $3,920 and the #2 cap ranked…
Big or Whale investors have continued to amass more XRP tokens in anticipation of a price rise, recently cupping over 373 million tokens in an accumulation spree. Despite leveraging the latest market uptrend to record a bullish run, XRP has not caught up to other crypto assets in the market. Amid this underperformance, some investors have taken to amassing more XRP tokens at lower prices, awaiting an imminent price rally. Whale Alert, a leading whale-tracking resource, recently spotlighted a cluster of large transactions involving the accumulation of millions of XRP by different wallets. The trend involved over 392 million XRP…
LasMeta, a pioneer in Virtual Reality (VR) Social Poker Gaming Metaverse, has announced a groundbreaking collaboration with Polygon Labs. Polygon Labs is a leading platform for Ethereum scaling and infrastructure development. This partnership aims to redefine the boundaries of online gaming and blockchain utility. It promises players a seamless and efficient gaming experience like never before. #LasMeta is proud to announce the collaboration on utilizing POS for $LASM and building the in-game transaction on the @0xPolygonEco with 95% on-chain.Players will seamlessly participate in the LasMeta Metaverse with low transaction fees and rapid speed, provided by @0xPolygon… — LASMETA 🦌 (@lasmetaio)…
According to data shared by the on-chain analytics platform IntoTheBlock, the second most popular blockchain, Ethereum, has seen a dramatic increase in weekly fees. IntoTheBlock has named one of the key drivers that have contributed to this surge. The total amount of fees collected on Ethereum has increased by 78%. Ethereum fees skyrocket thanks to meme coin mania Ethereum fees begin to rise when this chain that first allowed developers to build DeFi dapps and create NFTs faces congestion as too many transactions are waiting in the meme pool to be verified. When it happens, miners begin to prioritize those…
Statistics indicate that the first digital usd (FDUSD), a recently introduced fiat-pegged token launched in August 2023, has risen to become the fourth-largest stablecoin based on market capitalization. Currently, FDUSD holds the fourth position in terms of 24-hour global trading volume. FDUSD Claims Fourth Spot Among Stablecoin Titans In the realm of U.S. dollar-pegged cryptocurrencies, the stablecoin FDUSD has emerged as a significant player. As of now, FDUSD boasts a circulating supply of 3.15 billion tokens, predominantly distributed across Ethereum and the BNB Chain. Specifically, 3.02 billion tokens are on Ethereum, while 134.7 million tokens are housed on the BNB…
Web3 messaging and social platform beoble has secured a strategic investment from Animoca Brands, a gaming and metaverse-focused venture capital firm. The investment aims to support beoble’s mission of becoming a leading global Web3 social platform by leveraging blockchain technology to enhance user interaction, privacy, and security, the company said in a press release shared with Cryptonews.com. With this partnership, beoble will have the opportunity to offer its advanced Web3 chat features to selected companies and projects within Animoca Brands’ extensive portfolio of Web3 investments. “We’re excited to have Animoca Brands’ backing, as it is a testament to its support…