Author: NBTC
Colombian neobank Littio said Wednesday it is switching from Ethereum to Avalanche in an effort to give customers a cheaper means to hedge against the country’s embattled peso. Leveraging its existing relationship with OpenTrade, a startup offering stablecoin solutions to fintech companies through tokenizing real-world assets, Littio hopes to leverage the company’s yield-bearing savings solution. To scale with growing demand, Littio said it would transition its holdings from OpenTrade’s vaults—dubbed Yield Pots— on Ethereum to those on Avalanche. Avalanche is the crypto network behind the AVAX, the 13th largest digital asset by market cap. The blockchain aims to compete with…
Bitcoin could be heading for a breakout to new record prices, based on previous cycle’s price action. Historical data suggests price could potentially rise to $108,000 to $155,000. Bitcoin (BTC) has been stuck in a grueling, multi-month correction since hitting $73,000 in March, convincing many investors that the market top is already behind. However, the recent price action resembles the top cryptocurrency’s behavior during the previous two market cycles, which eventually resolved to the upside towards the end of the year. This suggests that a breakout to new record prices could happen in the next months. Despite bitcoin’s anemic performance…
Dog-themed meme coin Dogecoin (DOGE) has been experiencing some positive momentum in recent weeks. As highlighted by Ali Martinez on X, the number of new addresses on the network recorded a 72% surge this past week, leaving the community in awe. 19,630 New DOGE addresses in one Day According to data from blockchain analytics platform IntoTheBlock, 19,630 new DOGE addresses were created on Sept. 30. The surge reflects renewed interest and engagement within the Dogecoin ecosystem. With this significant addition to the daily active addresses on Dogecoin, there may also be a spike in activity. The #Dogecoin network is experiencing…
Supra, a Layer-1 (L1) blockchain, has launched Supra Containers, a new solution with the potential to eliminate the need for Layer-2 (L2), Layer-3 (L3), and AppChains, as announced to Finbold on Wednesday, October 9. Supra Containers promise the autonomy characteristic of dedicated L2s and AppChains, fragmented liquidity, and security complexities, but with high costs taken out of the equation. Addressing liquidity, composability, and security challenges with Supr Containers Developers traditionally rely on L2s and L3s to solve scalability issues typical of L1 blockchains. However, fragmented liquidity, limited composability, and the need to secure the network persist as the most common…
Bitcoin has risen roughly 6% since the Federal Reserve revealed its first interest rate reduction in more than four years. Industry watchers say that while the rate cut has so far proved to be a short-term catalyst for crypto, the longer-term economic outlook remains uncertain. Bitcoin stood at roughly $63,600 at 2 pm ET Thursday — up from $60,000 24 hours prior. Read more: Powell pitches 50 bps rate cut to support ‘strength of the economy and the labor market’ Lower interest rates generally drive more investment into riskier assets like crypto, due in part to the diminished returns from…
For the first time since Solana launched, six SOL-based platforms held over $1 billion in user deposits. According to DefiLlama data, Jito (JTO), Kamino, Jupiter (JUP), Raydium (RAY), Marinade, and Sanctum all surpassed $1 billion or more on layer-1 blockchain network Solana (SOL). Oct. 1 marked the first time in SOL’s four-year history that its top six protocols boasted nearly $9 billion in total value locked. Liquid staking provider Jito led other smart-contract projects, with over $2 billion in TVL. Solana lender Kamino trailed in second with $1.58 billion in TVL, followed by decentralized exchanges Jupiter and Raydium, which held…
In a significant development in the cryptocurrency trading sector, Remitano is now live on the TON blockchain and has launched a mini-application known as Remitano Lite that offers trading through Telegram. This new integration aligns with the goal of providing trusted services with a rapidly emerging and developing TON ecosystem. Remitano @remitano has integrated TON & launched Remitano Lite, a new Mini App for faster & simpler trading directly in Telegram.Enjoy zero-fee deposits starting today — don’t miss out!Try Remitano Lite here: https://t.co/0UW090AAjN pic.twitter.com/LC0EOc0QZ4 — TON 💎 (@ton_blockchain) October 9, 2024 Remitano and Its Function in Crypto Trading Remitano is…
According to the latest data shared by Phoenix Group and DappRadar, SuperRare emerged as the leading NFT collection over the past 24 hours, recording a volume of $1.92 million. #NFT MARKET OVERVIEW TOP COLLECTION #SuperRare – 24H Volume $1.92M TOP SALE… pic.twitter.com/b7os3TiIbc — PHOENIX – Crypto News & Analytics (@pnxgrp) October 10, 2024 The surge in SuperRare’s trading activity outpaced other prominent collections, with the platform seeing two high-value sales, including the top transaction for “Chatbot and Chill?” at $1.92 million. Trailing behind SuperRare, Guild of Guardians posted a 24-hour volume of $479,030 across 871 sales, while CryptoPunks secured third…
The Euro was mostly a forgotten currency in the heavily dollarized stablecoin space. As a less intuitive asset, tokenized Euro lagged behind. Now, EURC by Circle is going for more aggressive expansion, more than doubling its supply since August. EURC is now the most widely circulated Euro-based stablecoin, after the past two months of supply expansion. EURC is returning to supply levels not seen since 2022, as its supply shrank for years during the bear market. The asset’s supply expanded from $36M market capitalization to above $75M. Circle’s EURC surpassed the supply of cEUR on Celo. | Source: Artemis EURC…
As reported recently by DappRadar, the most popular decentralized applications (dApps) on zkSync Era, based on data reflecting performance in the last 30 days, have been arranged in descending order. This table presents certain developments and innovations in the degree of user participation, the number of transactions, and overall market turnover in the zkSync network. ⚡️ Top 10 dApps on zkSync Era by Users Activity (30d)We present the top dApps on zkSync Era by user activity in the last 30 days, according to the data from @DappRadar.$ZK $KGEN $TEVA $CARV $SYNC $SPACE $SIS $ZF $KOI $ACX pic.twitter.com/MYnIVOib7W — 🇺🇦 CryptoDep…