Author: NBTC
Decentralized finance is making a comeback, and the total value locked in the crypto market is expected to hit an all-time high next year, the report said. Steno said interest rates are the most important factor in influencing DeFi’s appeal. This year’s expansion in stablecoin supply and the growth in real-world assets are also tailwinds for the DeFi market, the note said. Decentralized finance (DeFi) summer is making a comeback, and while total value locked (TVL) in the crypto ecosystem is still well below its 2021 peak, it could climb to an all-time high as soon as the first half…
Recent rumors swirling on X wrongly accused presidential candidate Kamala Harris’ of endorsing President Biden’s 2025 proposal for a 25% tax that includes unrealized capital gains. What’s the truth behind the headlines and what caused the confusion? Earlier this week, thousands of crypto investors found themselves caught up in a whirlwind of misinformation, with many prominent accounts reporting that U.S. presidential candidate Kamala Harris had endorsed a new tax on unrealized gains, originally proposed by President Joe Biden for 2025. Social media, especially X, buzzed with outrage as people retweeted and reacted to evidently misinterpreted headlines, convinced that Harris wanted…
Michi token’s price plummeted 25%, falling from $0.1971 to $0.1482 in 24 hours. Investor sold 8.6 million Michi tokens for $1.34 million USDC, profiting $1.24 million. Michi trades at $0.1483, down 24.7%, with $22 million volume and $80 million market cap. Michi, a meme-based token on the Solana blockchain, has garnered significant attention in the crypto world, experiencing a 25% price drop from its peak of $0.1971 to $0.1482 in the last 24 hours. Lookonchain, a prominent blockchain analytics platform, pointed out that the recent plunge in Michi’s price was due to an anonymous investor dumped his massive holding. $1.24…
Crypto markets have recently endured turbulent times, with the latest turmoil surrounding Mt Gox barely making a dent due to nearly completed refunds. As issues subside, the market now turns its attention to FTX. The FTX trustee’s efforts to return billions of dollars to creditors could inject significant liquidity into the market, potentially boosting demand for cryptocurrencies like Bitcoin and altcoins. How Will FTX Impact the Market? Despite causing market crashes in 2022, FTX now appears poised to contribute positively. The trustee plans to disburse billions of dollars to investors, and even if a fraction of these refunds is reinvested…
Chromia utilizes sidechain architecture to overcome scalability issues, offering secure and efficient blockchain applications. Avalanche uses a unique algorithm to achieve high transaction throughput and secure, scalable solutions. Chromia and Avalanche provide staking opportunities, enhancing network security and allowing users to earn rewards. Chromia and Avalanche are leading the blockchain platform, tackling key issues like scalability and security in today’s crypto landscape. Both projects utilize innovative technologies, such as sidechains and unique consensus algorithms, to overcome these challenges, offering developers robust ecosystems for efficiently creating and managing decentralized applications (dApps). 1. Chromia ($CHR) Most blockchains need help with applications and…
Gains Network, synthetic derivatives platform, and DIA have recently collaborated to introduce a few DeFi features to improve Silo Finance’s lending protocol. This new collaboration will introduce a new price feed oracle for gUSDC on the Arbitrum Network. 🎉 DIA x Gains NetworkDIA has partnered with @GainsNetwork_io to deploy a price feed oracle for $gUSDC on the #Arbitrum network. https://t.co/bQ8boDrsEB — DIA Community Hub (@DIACommunityHub) August 23, 2024 DIA is a cross-chain, end-to-end, open-source data and Oracle platform for Web3. Web3 applications rely on trustable and scalable data feeds to build reliable products and avoid exploitation and manipulation. The DIA…
Floki Trading Bot enhances UX with simplified interface and multi-language support. Planned features include MEV protection, limit orders, and sniping capabilities. Expansion to Solana and collaboration with TON blockchain in progress for broader integration. The Floki Trading Bot team has announced major upgrades to its platform. These updates have been designed to improve user experience and expand the bot’s potential. Developers are working quickly to release these changes, with some expected to be accessible within days. During our most recent monthly community AMA, a community member asked about the long-term roadmap for the #Floki Trading Bot, including any planned enhancements,…
Carrot Swap has launched its AMM-based non-custodial exchange on the Neo X EVM sidechain MainNet. The Neo X-based DEX offers users cross-chain bridging, swapping, and liquidity pool provision. Source: Carrot Swap Currently, users can swap or provide liquidity with MainNet assets, including GAS, NDMEME (the NeoDashboard memecoin), xMATIC (wrapped MATIC), and xBNB (wrapped BNB). Those who provide liquidity to the pools will earn CRT tokens as rewards. Additionally, individuals can migrate MATIC or BNB from their respective blockchains to the Neo X network. Carrot Swap also noted that incentivized TestNet campaign beta testers can view the platform’s leaderboard and their…
A new report is forecasting the meteoric rise of the use of blockchain technology in the automotive sector driven by the need for key industry players to achieve improved security and efficiency. The study, compiled by Report Prime, claims that the market share of blockchain in the sector is expected to grow from $82.50 million in 2023 to $160.78 million by 2030. From its present levels, the leap pegs the compound annual growth rate (CAGR) at 10% with several factors integral to the predicted growth spurt. Per the report, the rise of electric vehicles and connected vehicle technologies are key…
After reaching new all-time highs in March, the price of Bitcoin has mostly remained between $58,000 and $70,000. However, BTC briefly dipped below $50,000 during the sharp correction experienced by global markets at the beginning of August. After this correction, stocks rallied, but this rally was not reflected in Bitcoin and cryptocurrencies. However, Singapore-based trading firm QCP Capital suggested that the increasing risk-taking sentiment could increase Bitcoin prices. QCP Capital shared its daily analysis on the official Telegram channel regarding the current stock rally and Bitcoin expectations. The equity rally is being driven by momentum traders re-leveraging in a lower…