Author: NBTC
Layer-2 network Starknet will open staking on its ecosystem by the end of 2024, the developer firm StarkWare shared on Wednesday. The news was announced at the Ethereum Community Conference in Brussels, Belgium, by the company’s CEO Eli Ben-Sasson. Ben-Sasson submitted a Starknet Improvement Proposal to the community which suggests that users can choose whether they would like to become a staker, with rewards for participation to be proportional to the amount of STRK tokens staked. Stakers will have to lock their tokens for a 21-day period before being allowed to withdraw their funds, according to a press release shared…
UAE, Freezone DMCC announced its H1 performance results for 2024, adding 1,023 new members speared by growth in the tech sector, specifically crypto, AI, and gaming. DMCC registered companies now total 25,000 companies. Tech companies spur growth in UAE Freezone DMCC As per the press release, the overall growth of DMCC’s business district was spearheaded by strong results in a number of sectors. DMMC mentions in particular technology, where DMCC registered 226 new companies, including 14 gaming and 9 AI companies. In addition, the DMCC Crypto Center onboarded 64 new companies, including seven Virtual Asset Service Providers (VASP), reflecting an…
Circle stablecoin EURC joins USDC, the largest stablecoin on Base, which boasts over $3 billion in circulation as of July 9. The Euro is currently the third largest fiat currency in the world, providing significant growth opportunities in the digital space. Both EURC and USDC are compliant with the new Markets in Crypto Assets (MiCA) regulation, making them the first stablecoins on Base from a global issuer to meet these stringent standards. Jeremy ALLAIRE, Circle’s co-founder and CEO, discussed the future of stablecoins in a recent interview, highlighting the increased competition expected as the EU’s regulatory framework tightens. He emphasized…
Tether CEO Paolo Ardoino hints at challenging tech giants with investments in decentralized AI and brain-computer interfaces. Tether (USDT), the largest stablecoin issuer by market capitalization, seems to want to seize the opportunity in the artificial intelligence race by investing in decentralized technologies and brain-computer interfaces to challenge the dominance of major tech giants like Microsoft and Amazon. In a recent interview with WIRED, Tether chief executive Paolo Ardoino discussed the firm’s evolving strategy, which now includes a big push into venture capital. Ardoino disclosed that Tether’s substantial profits, amounting to billions of dollars over the past two years due…
Two major XRP transactions were spotted earlier today. Tracking service Whale Alert revealed that more than 70 million XRP coins have been sent to two major crypto trading platforms. This comes amid a slight recovery of the XRP price after the recent market dump. In the first transfer, an unknown wallet sent about 33.78 million coins to crypto exchange Bitstamp. This transaction was worth around $14.67 million based on the current price of XRP. In the second transfer, another unknown wallet moved around 36.52 million XRP coins to trading platform Bitso. It was estimated to be worth around $15.84 million.…
Josh Olszewicz, a renowned crypto analyst, has recently shared critical insights into the immediate Bitcoin price future, employing two technical analysis frameworks: the Ichimoku Cloud and Bollinger Bands. These tools hint at pivotal moments that could shape the trajectory of the Bitcoin price in the near to medium term. Bitcoin Analysis Using The Ichimoku Cloud In the first chart featuring the daily Ichimoku Cloud, Olszewicz highlights a critical moment for Bitcoin as it navigates through this complex indicator. The Ichimoku Cloud, known for providing support and resistance levels as well as momentum and trend direction, shows Bitcoin trading near the…
While the FED has been keeping its policy interest rate at a range of 5.25%-5.50% for a long time, at a 23-year high, all eyes are on September for the first interest rate cut. In his statement following the July interest rate decision, FED Chairman Jerome Powell signaled that an interest rate cut could be made in September if inflation continues to fall. At this point, a 25 basis point discount in September is priced at 51.5%; a 50 basis point discount is priced at 48.5%. While a rate cut was almost certain in September, Bank of America CEO Brian…
According to breaking news, artificial intelligence platform developer SingularityNET announced that they have established a partnership with Filecoin. Sharing from the X account, the AGIX team referred to Cointelegraph’s news for the details of the partnership. Accordingly, it was stated that the aim of the partnership is to integrate the artificial intelligence and decentralized physical infrastructure network (DePIN) sectors by preserving decentralization, artificial intelligence ethics and data source. It was also stated that within the scope of the partnership, an artificial intelligence ethics working group will be established to ensure that artificial intelligence development and distribution comply with ethical practices.…
Binance was spotted moving around $240 million to an unknown Bitcoin address. It is unclear whether it is a simple withdrawal or a redistribution of Binance’s own funds, but the outflow of BTC from an exchange raises some questions for sure. There is a discernible trend of Bitcoin withdrawals from exchanges amid current market conditions. Investors are storing their money in self-custody wallets at a higher rate than they were on exchanges. Growing worries about exchange security and a desire for more control over one’s assets are the main forces behind this change. After multiple high-profile exchange hacks and regulatory…
Hamster Kombat, the popular tap-to-earn sensation, revealed having rejected several investment proposals from some of the biggest venture capital firms in the crypto industry. The team behind the game declared that it would not allow players to become exit liquidity for their backers, as has happened in other projects. Hamster Kombat Has Rejected Venture Capital Investment to Benefit Its Players Hamster Kombat, the tap-to-earn game where players step in the shoes of a hamster CEO of a crypto exchange, has clarified its policy regarding external investors. The project, which has reached over 300 million users and has a projected upcoming…