Author: NBTC
Following a successful DAO vote with 99.6% approval, Nomic, which offers a decentralized, non-custodial Bitcoin bridge to IBC-enabled chains like Osmosis, aims to enhance Bitcoin liquidity on the Osmosis platform. This proposal involves waiving Bitcoin bridging fees for transactions originating or terminating on Osmosis. In exchange, a portion of the taker fees from trading nBTC or its derivatives on Osmosis will be shared with Nomic. Sunny Aggarwal, co-founder of Osmosis, expressed strong support for the proposal, highlighting its potential to revolutionize revenue models for crypto bridges. Aggarwal noted that this collaboration aligns the interests of both Osmosis and Nomic, aiming…
As blockchain technology rapidly evolves, it is challenging to predict which innovations will endure, both practically and in terms of user engagement. Many promising developments have failed to make a lasting impact due to various factors, but some breakthroughs do manage to gain meaningful traction. One such innovation is restaking, an evolution in liquid staking, which addresses liquidity issues in DeFi by allowing users to “restake” ETH that has already been staked with Ethereum through Actively Validated Services (AVSs). For those unfamiliar, an AVS is essentially a blockchain protocol that helps support scaling solutions on Ethereum. Restaking was pioneered by…
The state Federal Reserve Chair Mickey Bowman, known for her hawkish stance on the Federal Open Market Committee (FOMC), spoke cautiously about the path of inflation. “I’m not confident that inflation will decline as it did in the second half of last year,” Bowman said, adding that uncertainties surround inflation trends. Bowman also raised the possibility of a future rate cut, depending on positive economic data. “If incoming data continues to show inflation moving sustainably toward our 2% target, it would be appropriate to gradually reduce the federal funds rate to prevent monetary policy from becoming overly restrictive on economic…
Coinbase, the leading crypto exchange in the US, recently announced that it will include Stader (SD) in its asset listings roadmap. This announcement spurred a dramatic surge in SD’s price. SD Token Price Surges Amid New Listings According to BeInCrypto’s data, SD has risen nearly 104% from $0.417695 to $0.850730 within just four hours. Despite the initial surge, SD’s price has stabilized. It is trading at $0.642826 at the time of writing. Read more: Top 7 High-Yield Liquid Staking Platforms To Watch in 2024 SD Price Performance. Source: BeInCrypto Stader is a non-custodial, multi-chain liquid staking platform. It offers users…
Bitcoin’s price has been range-bound, influenced by the cash-and-carry arbitrage strategy. Institutional trading behavior continues to reinforce range-bound expectations. Bitcoin has been oscillating between $56,552 and $73,777 for several weeks, creating a highly volatile trading environment. Traders face the challenge of determining breakout directions within this unpredictable range. Experts recommend waiting for a clear breach of resistance levels before making significant trades. As reported in Coin Market Cap news updates, this situation adds to the complexity of making significant trades. Impact of Cash-and-Carry Arbitrage Bitcoin’s recent price stagnation is primarily due to the cash-and-carry arbitrage strategy, as highlighted by Glassnode.…
Tap Protocol has achieved a major milestone by executing the first Bitcoin-native swap directly on Bitcoin Layer 1, according to an Aug. 13 statement shared with CryptoSlate. This breakthrough is a landmark achievement for Bitcoin as it enables DeFi operations on the leading blockchain without relying on Layer 2 solutions or roll-ups. The Tap metaprotocol now opens new use cases within the blockchain, including Digital Matter Theory and the facilitation of seamless token swaps, all natively and securely, on Bitcoin. ICP’s role Traditionally, Bitcoin has been limited compared to the smart contract and DeFi capabilities of platforms like Ethereum and…
The U.S. dollar is losing its grip on the world. In 2024, its share of global reserves dropped to 59%, down from 72% in 2002. That’s a 13% decline over the last 22 years. The numbers are clear: countries, especially those in the BRICS bloc, are distancing themselves from the dollar. During the same period, China’s yuan inched up by 3%. The U.S. dollar has been the world’s leading reserve currency since World War II. Today, it still represents 58% of the value of foreign reserve holdings. But the writing is on the wall. The euro, the next in line,…
Water ($WATER) has made headlines recently after endorsements from soccer legends Lionel Messi and Ronaldinho Gaúcho sent its token price soaring. But beyond the celebrity buzz, what exactly is Water Memecoin? Lets find out… What is Water Memecoin: Water is a meme cryptocurrency built on the Solana blockchain, distinguishing itself by blending speculative appeal with charitable endeavors. Unlike many meme coins driven purely by market speculation, Water aims to leverage its platform for positive societal impact through philanthropy and global initiatives. In collaboration with the creators of BEER token, Water draws on the successful experience of its predecessor in navigating…
In a recent statement, Argentine President Javier Milei reiterated his support for using Bitcoin (BTC) and other currencies in the national economy. His vision promotes free competition of currencies, allowing citizens to choose their preferred monetary units. Bitcoin and Beyond: Milei’s Vision for Free Currency Competition in Argentina Milei’s statement responded to Gabor Gurbacs, former Director of Digital Asset Strategy at VanEck, who replied to his hello tweet with “Bitcoin for all.” Milei assured his administration would allow free competition for currencies, including Bitcoin and other units such as West Texas Intermediate (WTI) and British Thermal Units (BTU). Read more:…
Aurora Labs, a decentralized finance (DeFi) platform, has announced it is integrating the Bitcoin (BTC) network with the NEAR Protocol, as per the most recent updates shared with Finbold on August 13. The move follows the launch of a Bitcoin Light Client and Relayer, itself expected to boost Web3 interoperability and drive DeFi innovation. Aurora Labs’ Bitcoin Light Client Aurora Labs’ Bitcoin Light Client functions as a smart contract, enabling NEAR-based decentralized applications (dApps) to verify Bitcoin transactions and access the most current Bitcoin chain state. This is the foundation of the forthcoming Bitcoin bridge, which will allow the NEAR…