Author: NBTC

STC Bahrain telecommunication company has recently announced the launch of its exclusive layer 1 blockchain network named “Intersect” on Avalanche. The new project of stc Bahrain on Avalanche plays a crucial role in assisting organizations and consumers in the region, promoting a climate adequately suitable for digital transformation and Web3 innovation. Both Avalanche and stc Bahrain disclosed this development on their official social media accounts. Today @stc_bhr announced the launch of Intersect, a new Avalanche L1 that creates a pivotal entry point for new users and organizations in the Middle East to start building in Web3.stc Bahrain’s launch of @0xintersect…

The US Gross Domestic Product (GDP) numbers rose by 1.4% quarterly, meeting market expectations. Additionally, the Core Personal Consumption Expenditures (PCE) inflation fell to 2.6%, also meeting analysts predictions. A third important market data was the jobless claims, as the initial claims came below the estimates, while the continuing claims went above the expected. Experts shared with Crypto Briefing that this paints a positive landscape for crypto. Jag Kooner, Head of Derivatives at Bitfinex, explains that the slowdown in GDP growth suggests a potential economic cooling, and this could impact investor sentiment. Consequently, this sentiment shift may lead to increased…

OKX has announced the integration of its OKX Wallet with Instadapp. This strategic collaboration enables users to manage their DeFi activities more efficiently through a unified interface. Instadapp, known for aggregating various DeFi protocols into a singular, upgradable smart contract layer, simplifies the interaction with complex DeFi ecosystems. The integration of OKX Wallet with Instadapp opens up new avenues for users to streamline their operations across multiple platforms without compromising on security or functionality. It allows users to connect their OKX Wallet directly to Instadapp’s platform through an easy-to-use web extension available on popular browsers like Chrome and Firefox. This…

Ethereum is celebrating its ninth anniversary today. The network, launched on July 30, 2015, was co-founded by several prominent crypto stakeholders, including Vitalik Buterin, Polkadot’s founder Gavin Wood, Consensys CEO Joseph Lubin, and Cardano’s founder Charles Hoskinson. Since then, it has become the second-largest blockchain with a huge ecosystem that has birthed many copy-cats. According to Etherscan, the network has processed 2.45 billion transactions in 20.4 million blocks during its nine-year history. Dune Analytics data reveals a more comprehensive picture, showing that it had over 7 million active users and over 1 million validators in the past month. Additionally, DeFillama…

DogeCard, a financial technology company once heralded for its innovative debit card allowing users to spend Dogecoin (DOGE) anywhere Visa is accepted, is set to cease operations. According to recent communications from Mishaboar, a prominent figure in the DOGE community, DogeCard holders must withdraw all funds from their accounts by Aug. 14, 2024. The decision to shutter the service comes amid challenges in securing a banking partner capable of supporting the platform. While DogeCard has not officially disclosed the exact reasons behind the closure, a statement on their X (formerly Twitter) account cites the inability to maintain a viable banking…

Stuart Alderoty, Ripple’s top lawyer, has taken to the X social media platform to weigh in on the U.S. Securities and Commission’s most recent U-turn. The regulatory agency recently walked back on its claim that several popular cryptocurrencies, including Solana (SOL) and Cardano (ADA), are unregistered securities. The U-turn, which was revealed in a recent filing in the Binance case, sent shockwaves across the cryptocurrency community, which remains at odds with the SEC. Still, there is no clarity. As reported by U.Today, the SEC also claimed that these tokens were unregistered securities in another lawsuit against the Coinbase exchange. As…

In India, USDT is sold at a premium or marked-up rate, putting pressure on local crypto traders and investors. With tight regulations and added costs when it comes to escaping volatility, what is life really like for Indian traders? Crypto.news spoke with executives from the two largest crypto exchanges in India, CoinSwitch, and WazirX, as well as members of the nation’s retail trading community to find out. Table of Contents Why is USDT sold at a premium in India? Are Indian traders leaning towards long-term investing? The unique state of crypto investment in India Are Indian crypto regulations stifling the…

Tezos, known for its self-upgrading capabilities and energy-efficient proof of stake blockchain, has announced a significant partnership with BigONE exchange. This collaboration marks a pivotal development in the accessibility and visibility of Tezos-minted tokens in the broader crypto marketplace. 💥 Announcing that the @BigONEexchange has now integrated the Tezos blockchain!Now Tezos-minted tokens can be listed on BigONE, including IEOs. And bonus: projects will also receive full marketing support!Check out BigONE here: https://t.co/92Z9vZ5Ma1. pic.twitter.com/QHCr8xd3RG — Tezos (@tezos) August 1, 2024 Integration with BigONE: Expanding Reach and Accessibility Tezos has successfully integrated with BigONE, a major player in the crypto exchange sphere.…

BlackRock introduces the first Bitcoin ETF, iShares Bitcoin Trust, now trading on the Santiago Stock Exchange. The ETF is managed by BCI Securities Brokerage, offering institutional access to cryptocurrency investments in Chile. BlackRock has introduced the first Bitcoin ETF in Chile, named iShares Bitcoin Trust (IBIT), which commenced trading on the Santiago Stock Exchange on June 27. This financial instrument provides Chilean investors with institutional access to Bitcoin investments. BlackRock’s iShares Bitcoin Trust (IBIT) is listed on the Santiago Stock Exchange. Source: bci.cl The operation of the ETF is managed by BCI Securities Brokerage, facilitating institutional access to cryptocurrencies. With…

The surge in the total value locked and adoption of liquid restaking tokens increased from approximately $164.3 million in January to $13.812 billion by June 20, underscoring the growing trust in them. As was the case in January, Ether.fi remains dominant in the LRT market, accounting for approximately 50% of the total value locked, or $6.52 billion. LRTs are considered a better option for those seeking diversified and potentially more lucrative staking opportunities with a simplified user experience. Liquid Restaking Token Protocols May Potentially Offer Higher Returns According to a Node Capital report liquid restaking token (LRT) protocols have seen…