Author: NBTC
PancakeSwap has put forth a strategic proposal to launch veCAKE on Polygon zkEVM. It marks a significant step in the ongoing expansion of the veCAKE multi-chain initiative. PancakeSwap’s choice to improve veCAKE’s usability and availability on other blockchain networks shows the platform’s advancement in decentralized finance (DeFi). Over time, veCAKE has advanced, and its integration on Polygon zkEVM is exciting the community. In line with the fast-paced DeFi sector, PancakeSwap is flexible and willing to expand its offerings. ⚡️ Proposal to launch veCAKE on Polygon zkEVM📄 We propose to launch veCAKE on Polygon zkEVM, as part of our broader veCAKE…
Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENE German auto manufacturer Mercedes-Benz has taken the wraps off an update to its in-car virtual assistant that includes an NFT gallery and an AI voice assistant with “emotional profiles.” The firm presented its updated MBUX Virtual Assistant at the 2024 edition of the Consumer Electronics Show (CES) in Las Vegas. The virtual assistant, which is powered by generative AI, runs on the next-generation Mercedez-Benz Operating System (MB.OS) developed in-house by the automaker. Billed as the “most human-like interface with a Mercedes-Benz yet,” the updated MBUX Virtual Assistant leverages a large language model…
The Ethereum network has recently observed a noteworthy supply drop, entering further into the deflation area. This week’s data showcases a supply change with a decrease of 393.60 ETH, leading to a total supply of 120,179,017 ETH. This decline does not immediately impact the asset’s price; however, a sustained deflationary trend could signal a positive development for Ethereum’s market performance. Deflation in a cryptocurrency like Ethereum signifies that the number of coins being burned — taken out of circulation — is exceeding the number being created or issued. Such a supply contraction, especially when continuous, can be beneficial for an…
Digital asset infrastructure firm Fireblocks announced today the expansion of its instant cryptocurrency to fiat currency transfers to over 30 currencies. This expansion means Fireblocks will now support additional currencies such as the Euro (EUR), Swiss Franc (CHF), British Pound (GBP), Singapore Dollar (SGD), and Japanese Yen (JPY), alongside the US Dollar (USD). This new feature is made possible through a partnership with payment services provider BCB Group and its instant settlement network, BLINC. Michael Shaulov, co-founder & CEO of Fireblocks, says that the advent of Web3 will make every business eventually become a digital assets business. “This integration with…
Ripple Labs Inc. has been a prominent player in the payments ecosystem, with its associated digital asset, XRP, garnering attention for its utility and potential. However, recent discussions within the crypto community, sparked by a post from user Wrath of Kahneman and Sean McBride, a former director at Ripple, have raised questions about Ripple’s strategy regarding XRP. McBride’s perspective on Kahneman’s claims that Ripple needs to offer its stablecoin seems to echo the sentiments of many enthusiasts in the crypto ecosystem. Given that Ripple is strategically expanding through various acquisitions as a payment platform, it is difficult to understand the…
Bitcoin’s latest move above $50,000 contradicts its record of posting sharp gains, mostly during bouts of weakness in the dollar index and Treasury yields. We could be seeing safe-haven demand for bitcoin from regions like China and Nigeria, one observer said. Bitcoin (BTC) has jumped over 35% to over $52,000 since Jan. 23, consistent with its reputation of chalking double-digit gains in a matter of weeks. The latest move, however, stands out because it has materialized alongside a resurgent U.S. dollar index (DXY) and Treasury yields. The DXY, which gauges the greenback’s exchange rate against major fiat currencies, has gained…
According to a Jan. 4 post on X, Uniswap led the Ethereum blockspace with an impressive 43 million transactions and 7.4 trillion gas, 4.5 times more than the second-ranking protocol. Top Crypto Protocols of 2023• Uniswap dominated Ethereum blockspace with 43M transactions, utilizing 7.4T gas; 4.5x more than #2•USDT the top ERC20 with 33.6M sends from 6.2M unique addresses•1inch the most used aggregator•New 2023 entrant Banana Gun made 1.5M swaps pic.twitter.com/UIgE2DgA0a — Conor (@jconorgrogan) January 4, 2024 You might also like: Uniswap Labs launches Android mobile wallet Introduced in 2018 by Hayden Adams, a former Siemens mechanical engineer, the Uniswap…
U.S. Representative Tom Emmer (R-MN) says the crypto sector will benefit from a second Donald Trump presidency. Trump has already been exploring non-fungible tokens (NFTs), but stated that he was “not a fan of Bitcoin,” calling it “highly volatile and based on thin air.” Still, some lawmakers speculate that a Trump victory in the upcoming 2024 presidential election could propel Bitcoin (BTC) to new price highs. Emmer foresees Trump’s influence on Bitcoin prices Politico is reporting that pro-crypto congressman Emmer envisions a regulatory environment conducive to the overall crypto sector, if the former president makes a comeback to the White…
Strong buying pressure is observed near the $2139 support area in Ethereum. ETH needs to surpass the $2407 resistance to sustain its upward movement. Investors should exercise caution when trading in the $2509 – $2604 resistance range. When examining the medium-term technical chart of Ethereum, strong buying pressure is observed, pushing the price up from the $2139 support to the $2350 region. However, for the price to sustain its upward movement, it needs to surpass the $2407 resistance. Medium Term ETH Analysis 8-Hour ETH/USD Price Chart When examining the medium-term technical chart of Ethereum, we observe strong buying pressure near…
LightLink, a pioneering Ethereum Layer 2 blockchain, has secured $4.5 million in seed funding, marking a significant milestone in its mission to revolutionize blockchain transactions. —Led by a $3 million investment from MQDC, a prominent Thai real estate developer known for iconic projects like the Waldorf Astoria Bangkok and IconSiam, along with T&B Media Global, a leading conglomerate in entertainment technology and media, LightLink’s seed round reflects strong confidence from industry leaders.Other investors contributing to the round include established Web3 venture capital firms such as JellyC, Aweh Ventures, Blue7 and B3V, as well as traditional Web2 investment firms like Gandel…