Author: NBTC
Orbs, a pioneer in Layer-3 liquidity protocols, has introduced Perpetual Hub, a new solution for on-chain perpetual futures trading, as per the latest info shared with Finbold on May 30. Unlike previous solutions that relied on order books and virtual liquidity mechanisms, Perpetual Hub aims to maximize capital efficiency and trading value through an intent-based model. Centralized finance execution in DeFi Developed in collaboration with SYMMIO and IntentX, Perpetual Hub leverages Orbs’ advanced L3 technology to bring centralized finance-level (CeFi) execution to the decentralized finance (DeFi) space, providing a comprehensive suite of tools to help traders optimize their on-chain perpetual…
Bitcoin price is holding gains above the $69,200 zone. BTC could gain bullish momentum if it clears the $70,800 and $71,250 resistance levels. Bitcoin is attempting another increase above the $70,000 zone. The price is trading above $70,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $70,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $71,250 resistance zone. Bitcoin Price Eyes Another Increase Bitcoin price attempted more gains above the $70,500 level. However, BTC struggled to…
Ethereum Classic (ETC) expanded to $33.13, growing by nearly 22% in a week. Since it is considered undervalued, ETC has a pattern of following Ethereum (ETH) rallies. The ETC price hike also arrived after the network launched a new native stablecoin. ETC accelerated its gains in the past few days, gaining momentum after months of limited price hikes. The coming days may bring additional attention to this token as its network prepares to halve its block reward. Ethereum Classic halving countdown. pic.twitter.com/iVL0paew45 — Ahmet Alırsatar | JW3 (@AhmetAlirsatar) May 23, 2024 The current block reward for ETC is 2.65 coins,…
Fuzhou-based commercial bank Industrial Bank (CIB), has unveiled a novel rewards system that enables users to earn carbon credit points through digital yuan (e-CNY) spending, according to a recent report from Cnfol.com, an online financial information platform. Through the bank’s mobile app, users can now accumulate carbon points for a range of transactions, from daily payments to fund investments and credit card repayments. As noted, this initiative is part of Industrial Bank’s broader strategy to foster a green consumption culture and enhance the digital yuan ecosystem. The bank, a forerunner in green finance, has successfully implemented digital yuan transactions for…
While interest in Solana (SOL)-based mem tokens has shifted to different areas, whales have also started to purchase different mem tokens. At this point, the legendary whale paulo.sol also turned his focus from WIF, BODEN and BONK to altcoins named PUPS and POPCAT. According to Lookonchain’s post, WIF made significant profits from BONK and BODEN and has now turned to different mem tokens. Accordingly, paulo.sol made a profit of $9.51 million in WIF, $7.04 million in BODEN and $6.28 million in BONK. Its total profit was $22.83 million. “What a legend! paulo.sol made a profit of $9.51 million on WIF,…
Senator Cynthia Lummis recently said the crypto market will play a significant role in the US economy unless the opportunity is squandered. Lummis, a vocal advocate for pro-crypto legislation, believes that recent victories in Congress signal a promising future for the sector. In recent years, pro-crypto lawmakers like Lummis have worked tirelessly to educate their colleagues about digital assets. She said in a social media post on May 29: “When I came to the US Senate, nobody knew anything about digital assets, no one knew the difference between Bitcoin (BTC) and alternative coins. So we’ve worked hard to educate members…
In a move that expands its trading offerings, Binance, the world’s leading cryptocurrency exchange, has announced the opening of two new trading pairs: NEAR/BRL and NOT/USDC. This development marks a significant expansion of Binance’s trading options, catering to a broader range of investors and traders globally. The NEAR/BRL pair combines NEAR Protocol’s native token with the Brazilian Real, bridging the gap between innovative blockchain technology and one of South America’s largest fiat currencies. Near, the native cryptocurrency of the NEAR Protocol, has recently gained traction, making this pairing a timely addition to Binance’s offerings. On the other hand, the NOT/USDC…
Sergey Nazarov, CEO of Chainlink, recently discussed the potential of new tokenization opportunities that promise to enhance transactional efficiency and asset management. In the crypto ecosystem, tokenization is heralding a transformative shift. It could redefine the management and exchange of assets globally. Adoption and Use Cases of Tokenization Tokenization involves converting the rights to an asset into a digital token on a blockchain. This technology enables atomic settlement — transactions are completed instantaneously rather than over days. Moreover, it allows for more efficient collateral management, eliminating the time assets are in limbo and improving the financial use of capital. “The…
The recent approval of Bitcoin ETFs in the US has brought both excitement and challenges, as bad actors seek to exploit the hype for illicit gains. Marina Khaustova, COO of Crystal, a blockchain analytics firm, shared her insights into the evolving landscape in an interview with Crypto Briefing. The approval of Bitcoin ETFs further accelerated demand for Crystal’s products, particularly from traditional companies seeking to ensure compliance as they enter the crypto space. “And there’s no way for any traditional financial company right now to explain to their board of directors that we should not take digital currencies, because probably…
The public stage of the new NFT sale by Monster World has already begun, and purchasing Nyang kits, discovery packages, and starter packages is now possible. The non-fungible token sale can be paid using RON, SLP, AXS, USDC, or WETH. 1 RON features 250,000 Nyang, the Monster World, and ZERO X AND became an inevitable part of the Ronin movement recently. They successfully collaborated with Gravity to bring the Ragnarok IP to Web3 and the crypto community can buy Nyang Kits to reveal Ragmon tickets. Ragnarok’s Discovery and Starter packages come preloaded with bonus kits, and you can use the…