Author: NBTC
A Polygon DAO community cohort is considering a proposal to use its more than $1 billion of idle stablecoin reserves, currently held on the Polygon PoS Chain bridge to capture yields, per a pre-proposal governance post. “The PoS Bridge currently holds around $1.3B of stablecoins, which makes it one of the largest, but also idle, holders of stablecoins onchain,” the pre-proposal reads. “At the current benchmark lending rate for the 3 major stables this is an opportunity cost of around $70M annually.” “The authors believe that DeFi as a whole has matured whereby assets held in the Polygon PoS bridge…
Michael Saylor, co-founder and the executive chairman of MicroStrategy business intelligence company, has reposted a tweet published by the pro-Bitcoin US senator Cynthia Lummis about the newly appointed “crypto czar” of the US – David Sacks, a venture capitalist and the former chief operating officer at PayPal. Saylor, a major Bitcoin evangelist, shared his take on the future prospects of the US under the “rule” of this “crypto czar”, clearly placing big hopes on Sacks. Saylor praises US “crypto czar”, following Ripple CEO Senator Cynthia Lummis from Wyoming tweeted that she expects the upcoming 2025 to become “the year for…
Blum Memepad, the leading memecoin launchpad platform, has been awarded a $500,000 grant from TON Memelandia, an official initiative of The Open Network (TON) Foundation aimed at strengthening TON’s memecoin ecosystem. The grant will be used to accelerate the platform’s growth and further its mission of providing a fair and transparent launch environment for memecoins. Blum Memepad has made significant strides in a very short period since its launch, positioning itself as a dominant player in the memecoin space. In just under two months, Blum has become the largest memecoin launchpad on TON blockchain, and the second largest globally, right…
Secret Network has announced the launch of Claive AI, a decentralized platform that aims to provide secure and confidential artificial intelligence (AI) services for enterprise users. Claive AI Combines Blockchain and Confidential Computing According to the announcement shared with Bitcoin.com News, the platform leverages Secret Network’s privacy-preserving blockchain technology, focusing on secure and confidential AI interactions. Built on a framework using trusted execution environments (TEEs) and Nvidia graphics processing units (GPUs), Claive AI’s goal is to ensure that user data—including metadata and payment details—remains inaccessible to unauthorized entities. The Secret Network team believes this approach addresses concerns about privacy breaches…
The city editor of the Financial Times’ popular op-ed section, Alphaville, has apologized for its years of staunchly negative bitcoin (BTC) coverage. As the world’s largest crypto surpassed $100,000 per coin, they took a brief moment to self-reflect. Then within seconds, they doubled down on their reporting. In short, their mea culpa for discouraging millions of readers from buying BTC since 2011 (when one coin was worth $8) consisted of a single, backhanded sentence: “We’re sorry if at any moment in the past 14 years you chose based on our coverage not to buy a thing whose number has gone…
UniLend, a prominent DeFi protocol that merges spot trading, borrowing, and lending services, has announced a new partnership with SoonChain. The partnership aims to boost UniLend’s worldwide network and innovate the Web3 sector. The platform disclosed this development on its official social media account on X. Join us in welcoming @soonchain_ai in our ecosystem!🎉⛓️SoonChain is an AI-powered gaming L2, redefining game development with AIGG.🤝 By partnering up, we’re bolstering our global network and exploring fresh, innovative possibilities in the Web3 space!✅This is just the… pic.twitter.com/KKxceFXRWf — UniLend | AI Agents Hub (@UniLend_Finance) December 20, 2024 UniLend and SoonChain Partner to…
Binance, the largest crypto exchange on trading volume metrics, announced plans to list Velodrome Finance (VELODROME), adding the decentralized exchange (DEX) token to its spot trading catalog. The exchange is also adding Vana (VANA) to its launchpool, with the project’s airdrop still in the pipeline. Binance Lists VELODROME for Spot Trading Velodrome Finance advertises as a next-generation DEX that serves as the liquidity hub for the superchain ecosystem. VELODROME token will be available for spot trading on Binance starting Friday, December 13, at 14:00 UTC. It will trade against the USDT stablecoin. Of note, the new Binance listing comes with…
Self-proclaimed ‘crypto president’ Donal Trump faces a new ethical crossroads: Should he block U.S. Congress members from trading cryptos, mirroring the proposed ban on stocks, which he supports? With the crypto market becoming a multi-trillion-dollar industry, allowing lawmakers to trade in it could look like handing the keys to the vault to the people writing the rules. Banning Congress from trading stocks has been a hot topic for a while now. Sitting president Joe Biden threw his support behind it ages ago, saying lawmakers shouldn’t profit from markets they have the power to influence. Polls show 75% of Americans agree.…
BPCE Group, the second-biggest bank in France, reportedly plans to allow its customers to invest in Bitcoin and other cryptocurrencies in 2025. Local media outlet Big Whale reported the development today, noting that BPCE Group will launch the new service through its crypto subsidiary, Hexarq. Citing sources familiar with the development, the Big Whale claimed that Hexarq will integrate the service into BPCE Group’s Banque Populaire and Caisse d’Épargne networks to enhance customers’ loyalty. Hexarq Secures Crypto License In the meantime, Hexarq is already preparing to enable BPCE Group’s customers to invest in crypto. According to the report, the crypto…
Unstoppable Domains has partnered with one of the largest crypto communities on Reddit, r/EthTrader, with the goal of launching the .DONUT domain. Once launched, the top-level domain .DONUT will provide the 2.3 million members of r/EthTrader with digital identities owned by the members themselves, to expand the community’s presence in the blockchain ecosystem. Unstoppable Domains The community on Reddit: the .DONUT domain is coming The .DONUT domain and the Reddit community r/EthTrader The token DONUT The comment Unstoppable Domains Unstoppable Domains is the largest provider of on-chain domains and digital identities on blockchain. The project was launched in 2018, and…