Author: NBTC
In a recent move aimed at tightening its token supply, TRON (TRX) executed a substantial token burning event on February 14th. The initiative saw the elimination of 9.9 million TRX tokens from circulation. This strategic decision aligns with TRON’s commitment to implementing deflationary measures and fostering value growth within its ecosystem. The token burning event has already shown immediate impacts on TRX price and market dynamics. Following the burn, TRX experienced a noticeable shift in price, reflecting investor sentiments towards the scarcity of the token. This move underscores TRON’s proactive approach to managing its token supply and enhancing the overall…
No, U.S. Senator Elizabeth Warren, the Massachusetts Democrat who typically antagonizes the blockchain industry, has not had a sudden change of heart on Bitcoin. Warren has fashioned herself as one of blockchain’s fiercest critics in the Senate, spearheading bills like last year’s Digital Asset Anti-Money Laundering Act that aimed to curb the ability for financial institutions to transact in bitcoin and other cryptocurrencies. So given the Senator’s anti-Bitcoin track record, it came as a surprise this week when she appeared to sign off on an official order commanding a flag be flown over the U.S. Capitol in honor of pseudonymous…
Yeti Finance, a prominent protocol in the Avalanche ecosystem, has announced its decision to wind down operations. The announcement comes as a significant development in the DeFi space and impacts trove owners, token holders, and the broader community. The decision to cease operations was not taken lightly and is a result of various challenges faced by the protocol over the past year. The journey and challenges of Yeti Finance From its inception, Yeti Finance’s primary goal was to establish itself as the leading protocol for borrowing against a diverse portfolio of assets on Avalanche. The team behind Yeti Finance has…
During these days of CES 2024 in Las Vegas, Mercedes-Benz has presented an exciting range of digital innovations, with the new virtual assistant MBUX at its core. Among other things, the well-known German automotive brand has also introduced MBUX Collectibles, its first car app featuring NFTs on four wheels. Mercedes at CES 2024 and MBUX Collectibles: the new car app that allows you to display NFT art galleries Mercedes at CES 2024: the connection with past experiences with NFTs Other technological innovations from the automotive brand in Las Vegas Mercedes at CES 2024 and MBUX Collectibles: the new car app…
Liquid staking protocol Lido DAO is poised to hit a significant milestone of 10 million Ethereum (ETH) staked as the ecosystem experiences a surge in usage. This growth coincides with an increased interest from validators looking to participate in ETH staking. 10 Million ETH Staked in Lido DAO On-chain data from DeFiLlama shows that Lido DAO is on the verge of surpassing 10 million ETH staked. Currently, the DeFi protocol holds an impressive 9.49 million ETH, representing 72% of all liquid-staked Ethereum, valued at around $21.76 billion. These numbers reflect a notable growth trajectory for the protocol during the past…
A busy economic calendar has been scheduled for the week ahead, with a number of Federal Reserve officials commenting on last week’s interest rate decision. Moreover, crypto markets have been cooling over the weekend, but will this week’s economic events send them lower? Macroeconomics outlet The Kobeissi Letter listed the key economic events for the United States for the week beginning February 5. It follows a weekend of declines for Bitcoin and crypto markets. They appear to be entering a period of pre-halving consolidation. Economic Calendar Events Monday, February 5, will see the release of S&P Services PMI and ISM…
Decentralized exchange (DEX) Trader Joe introduced a token based on the DN-404 standard called SHOE. The DN-404 standard, like ERC-404, combines the benefits of fungible tokens and non-fungible tokens (NFTs). SHOE supply is limited to 19,404 tokens. Tokens were distributed entirely among 22,140 wallets of active users of the Joepegs marketplace and holders of NFT projects of the Joe Studios accelerator. Unveiling: $SHOE 👞Trader Joe is a Decentralized Exchange (DEX) that offers instant, low-cost token swaps, founded with the mission to build the best DeFi trading platform through innovation at the forefront of DeFi.Today, Trader Joe unveils $SHOE. A token…
After the rise seen in the price of Bitcoin this week, investors are wondering whether the upward trend will continue. BTC is currently trading above $52,000 with an approximately 2% increase in the last 24 hours. The 24-hour trading volume has exceeded $40 billion. While the upward movement in Bitcoin continues, prominent crypto analysts are sharing their predictions. In a recent analysis, Titan of Crypto shared predictions for Bitcoin in a post on X, beginning with ‘$55,400 could be next!’ #Bitcoin $55,400 could be next ! 💥🚀As I’ve been asked a lot what is next for #BTC in the comments.…
Blast, the recently announced layer 2 blockchain set up by the developers of non-fungible token (NFT) platform Blur, has surpassed $1.1 billion in deposits, attracted by an airdrop promised for May even though the platform is not due to go live until February. Speculators, unperturbed by the controversial one-way bridge to Blast, have deposited $1 billion worth of staked ether (stETH) and $103 million worth of the dai (DAI) stablecoin since the website went live last month, according to DefiLlama. In return, depositors receive a yield of around 5% on their staked assets as well as “Blast Points,” which can…
Mocaverse NFT has grown by 563% in the last 3 months. A lot of the growth is credited to the value that Animoca Brands brings to the table. Mocaverse is a part of the NFT collection that comprises 8,888 NFTs. Holders of the said NFT are from different backgrounds. This includes Yat Siu, Wale.moca, and Father.moca. It should not come as a surprise if the value keeps skyrocketing in the days to come. Other milestones that Mocaverse NFT has accomplished in recent times pertain to raising $20 million in September last year and fueling an additional $11.88 million in the…