Author: NBTC
Rarimo, a zero-knowledge identity protocol, has secured $2.5 million in funding, with backing from Ethereum co-founder Vitalik Buterin. With $2.5 million in new funding, interoperability protocol for decentralizing social identity Rarimo now wants to accelerate its pursuit of a decentralized digital identity model as web3 moves toward more user-owned systems. Announcing Rarimo’s Vision Round!!This founder-only raise has united leaders around Rarimo’s identity modelInvestors include @VitalikButerin @keoneHD @nickwh8te @BrianRetford @StefanDGeorge @dlubarov @apruden08 @Zac_Aztec @_ArnaudS_ & @rel_zeta_tech https://t.co/zfHGl3VyYs — Rarimo (@Rarimo_protocol) November 27, 2024 In an X thread on Nov. 27, Rarimo highlighted its focus on zk-wrapping proof-of-personhood methods, enabling users to…
Polygon’s integration of ERC-7683 across PoS, zkEVM, and AggLayer simplifies cross-chain asset transfers and boosts interoperability. The AggLayer enhances liquidity by allowing seamless asset movement between blockchains without using external bridges or wrapped tokens. In a tweet, Polygon announced they have integrated ERC-7683 across its core platforms—Polygon PoS, zkEVM, and the AggLayer. This evolution is meant to improve the user experience for developers and end users by simplifying asset transfer and so strengthening the interactions among several chains. By removing the need for bridges and wrapped assets, Polygon hopes to simplify cross-chain transactions with ERC-7683, hence ensuring more effective and…
A new era of stock trading is about to unfold in 2025. The 24X National Exchange, a Stamford, Connecticut-based trading platform, is set to launch with an almost uninterrupted schedule. Designed to serve both retail and institutional investors, this exchange plans to operate on business days from 4:00 a.m. to 7:00 p.m. Eastern Time. But that’s not the big deal. Pending final approvals from the U.S. Securities and Exchange Commission (SEC), 24X might extend operations to 8:00 p.m. ET on Sundays through 7:00 p.m. ET on Fridays—essentially open for 23 hours a day with just a one-hour pause. This is…
Bitcoin’s price performance has fluctuated over the past 24 hours, triggering caution in some parts of the cryptocurrency market. This movement has caught the attention of renowned Bitcoin bull and Chairman of MicroStrategy Michael Saylor. Chess analogy as call for long-term vision In a post on X, Saylor appears to give his followers a reason to avoid panic despite the fluctuating price movement of the world’s largest cryptocurrency. The post characteristically depicts Saylor staring intently at a chessboard, focusing on the “white pieces—king, queen, and knight.” The white pieces were surrounded by many black pieces. “Bitcoin is Chess, not Checkers,”…
The market is nervous as Ethereum continues to rise, with over $835 million in short positions ready to be liquidated if ETH reaches $4,000. The price chart for Ethereum and the provided liquidation heatmap demonstrate the high stakes that are currently surrounding the second-largest cryptocurrency. Significant groups of brief liquidations between $3,800 and $4,000 are visible on the liquidation map. The cumulative short liquidations jumped sharply at $4,000, indicating a significant price milestone that, if broken, could have a domino effect. With so many traders betting against ETH’s bullish trend, the sheer volume of possible liquidations suggests increased market leverage.…
21Shares added four ETPs to its Europe offerings as crypto fund issuers flooded the region with more digital asset investment products. On Nov. 27, the Swiss wealth manager introduced new exchange-traded products underpinned by four cryptocurrencies, including Pyth Network (PYTH), Ondo (ONDO), Render (RNDR), and the Near Protocol (NEAR). 21Shares said that its latest additions covered price oracle, asset tokenization, decentralized computing, and artificial intelligence, respectively. Also, 21Shares will allow investors to reinvest staking rewards from NEAR into the ETP. Near’s proof-of-stake blockchain model enables buyers to secure the network by locking tokens. The practice is called staking and earns…
With just over two months until the end of the year 2024, many in the crypto community are still anticipating a new all-time high (ATH) for the biggest cryptocurrency by market capitalization, Bitcoin, according to a market survey. Bitcoin reached an all-time high of about $74,000 in mid-March, driven by expectations of strong demand from U.S. exchange-traded funds, which were granted approval in the U.S. for the first time in January. Despite the surge, many believe Bitcoin’s bullish run may not be over yet. According to a recent survey, there remains a belief on the market that Bitcoin might surpass…
Ethereum’s Elliott Wave analysis signals a bullish outlook, with $3,692 as key resistance and $3,338 as critical support. Wave (5) targets Fibonacci extensions near $3,938, contingent on ETH holding its long-term ascending trendline. A break above $3,692 could propel Ethereum higher, while a dip below $3,338 may test key retracement levels at $2,815 and $2,639. Ethereum currently trades below $3,692, signaling a critical juncture for potential upward momentum. According to analyst MoreCryptoOnline’s analysis, the price structure aligns with the Elliott Wave theory. Notably, ETH’s price continues its impulsive and corrective cycles. Analyst projections suggest ETH could extend higher if pullbacks…
SOS Limited, a Chinese data mining and technology company, announced on Nov. 27 that its board has approved a $50 million investment in Bitcoin (BTC) to diversify its assets and capitalize on the flagship crypto’s growing strategic significance. The company disclosed that it plans to implement various strategies for the investment, including direct acquisition, quantitative trading, and arbitrage. SOS described Bitcoin as a “key digital asset” with the potential to play a significant role in global reserve strategies. Following the announcement, SOS Limited’s shares skyrocketed nearly 100% on Nov. 27, reflecting heightened investor enthusiasm. The company attributed the decision to…
Prominent crypto expert Elite Crypto expresses frustration with recent activities relating to XRP, pledging never to touch the cryptocurrency again. The crypto expert made the assertion recently in an X post. In the tweet, Elite Crypto highlighted two primary reasons they are no longer interested in XRP. First, the expert fumed at XRP’s performance, likening it to a stablecoin due to its stagnant price movement over the past two years. The accompanying data shows that XRP has been trading within a particular range in this timeframe, which made Elite Crypto suggest that XRP’s price action is similar to that of…