Author: NBTC
The Jasper proto-testnet introduces Zilliqa 2.0’s Proof-of-Stake for faster transactions and enhanced validator rewards. Zilliqa 2.0 aims to provide a scalable blockchain network, making Web3 as easy to use as the internet. Officially gone live, the Jasper proto-testnet for Zilliqa 2.0 marks a significant turning point in the evolution of Zilliqa’s next-generation blockchain system. This first phase presents the new Proof-of-Stake (PoS) consensus method, meant to enable ultra-fast transactions with pleasing incentives for validators. Aiming at building a highly scalable and efficient blockchain network, the official release from Zilliqa indicates that the proto-testnet is the first main point on their…
Global cryptocurrency exchange OKX has announced the launch of OKSOL, a Solana liquid staking token, on December 11, 2024. OKX Launches New Solana Liquid Staking Token OKSOL This move aims to increase asset utilization while providing staking rewards to users. OKSOL’s Basic Features Dual Functionality Staking Rewards: Users who stake SOL on OKX receive OKSOL at a 1:1 ratio, enjoy staking and MEV (Maximum Extractable Value) rewards while maintaining liquidity. Asset Usage: OKSOL can be bought and sold, used as collateral or redeemed, providing flexibility for participants. Stability and Security Designed with asset security as a priority, OKSOL reduces the…
A Bloomberg editorial published recently has condemned the recent U.S. government’s plan to create a strategic Bitcoin reserve calling it a probable major scam in the cryptocurrency market. The editorial also notes that it is unclear what aims the initiative serves and that it entails certain fiscal risks for taxpayers. The editorial notes that while conventional strategic reserves involve stocking up on products such as oil to feed the economy and protect the country’s interests, a Bitcoin reserve lacks such a purpose. Bitcoin has been called a speculative asset with no industrial use or connection to the real economy. Its…
Sheila Bair’s experience helps Ripple meet important regulatory standards. RLUSD will use both XRP Ledger and Ethereum for cross-border payments. Ripple seeks to offer a secure and trusted alternative in the stabilisation space. Ripple has recently appointed Sheila Bair, the former Chair of the Federal Deposit Insurance Corporation, to its consulting panel. This decision comes as the organisation prepares to introduce XRP, a coin pegged to the United States dollar. Bair’s governance skills are expected to improve the firm’s compliance efforts as it enters a rivalry market. Bair’s Regulatory Background Sheila previously led the FDIC from 2006 to 2011 and…
Leading global cryptocurrency exchange Binance has announced the delisting of three spot trading pairs as part of its regular market quality review. Binance to Delisting Select Spot Trading Pairs on December 13, 2024 Delisting aims to protect users and ensure a high-quality trading environment. Trading Pairs to be Removed Effective December 13, 2024, 06:00, Binance will suspend trading on the following pairs: DCR/BTC PEPE/TUSD ZEN/ETH Impact on Users Token Availability: The delisting of these trading pairs will not affect the availability of the corresponding tokens. Users can continue to trade the underlying assets via other available trading pairs on Binance.…
BlackRock’s Bitcoin ETF (IBIT) now has more assets under management (AUM) than all 50+ regional ETFs in the European market combined. Some of these products have existed for 20 years, highlighting IBIT’s unprecedented rise. Bitcoin ETFs have been enjoying record-high inflows in the past month, and BlackRock is comfortably leading the cohort. BlackRock’s IBIT: A Historic Success This surprising stat was revealed earlier today by ETF analyst Todd Sohn, and his analysis centered on the viability of these regional ETFs and their comparison to the runaway success of Bitcoin products. “IBIT already has as much in assets as the 50…
Bitcoin (BTC) is not the only one setting milestones. HyperLiquid, the leading on-chain perpetuals trading protocol operating on its custom-built layer 1 blockchain, is setting impressive records, too, with the platform seeing more activity in ether (ETH) than bitcoin. The cumulative perpetuals volume on the platform has surged past $500 billion, registering a staggering 15-fold year-to-date rise, according to DefiLlama. The platform has seen an average daily volume of over $5 billion in the past seven days, accounting for over 45% of the total onchain perpetuals market activity of the past 24 hours. What’s more interesting is that ether, not…
The popular cryptocurrency XRP is showing interesting dynamics in its trading activity today. According to data from CoinGlass, the trading volume of derivatives, namely perpetual futures on XRP, is growing by more than 50% today. At the same time, all other crypto assets are experiencing an opposite decline in trading volume, both on the spot and futures markets. The clue to such anomalous nonconformist movement of the seventh largest cryptocurrency may lie in the interesting situation of the SEC’s case against Ripple. The thing is that everyone expected the regulator to file an appeal against the crypto company yesterday. However,…
Gunzilla Games, the creator of popular crypto battle royale shooter Off the Grid, has partnered with investment firm Delphi Ventures to form the not-for-profit GUNZ Foundation, which will oversee the upcoming GUN token and GUNZ mainnet launch on the Avalanche blockchain. Off the Grid entered public early access in October to rave reviews from players, with a flurry of clips going viral that showcased its unique gameplay. The game drops players into a reality TV setting, where show participants have their arms and legs replaced with robotic limbs with special powers. These players then fight it out in a battle…
OKX has announced the listing of USDT-margined perpetual futures for VIRTUAL and SUNDOG cryptocurrencies. OKX to Launch Perpetual Futures for VIRTUAL and SUNDOG Tokens Trading of these pairs will begin on December 11, 2024, with launch times ranging from 13:00 to 13:15. Listing Details VIRTUAL/USDT Perpetual Futures: Start Time: 13:00 Entity: Virtuals Protocol About: Virtuals Protocol focuses on creating a co-ownership layer for autonomous AI agents, enabling users to launch or integrate tokens into AI-based platforms. Website: Virtuals Protocol Twitter: @virtuals_io SUNDOG/USDT Perpetual Futures: Start Time: 10:15 UTC Asset: Sundog (SUNDOG) About: Sundog is a meme token centered on the…