Author: NBTC
Arbitrum, a leading Layer 2 solution on Ethereum, is steadily establishing itself as a hub in the emerging decentralized finance (DeFi) domain with $2.73 billion TVL. As faster and less expensive than Ethereum’s leading network, Arbitrum draws various DeFi projects, ranging from lending protocols to DEXs and yield platforms. TOP 10 #TVL ON #ARBITRUM $AAVE $GMX $UNI $COMP $PENDLE $GRAIL $VRTX $REZ $BAL $BIFI pic.twitter.com/42ZaJIbV5j — PHOENIX – Crypto News & Analytics (@pnxgrp) November 11, 2024 Top Lending and Yield Platforms on Arbitrum The most valuable project in the ecosystem is AAVE, a lending platform with $821.91 million, which is…
Ethereum’s transaction volume reached $60 billion in the past week, the highest in three months. This reflects renewed interest in Ethereum’s capabilities amid a broader crypto market recovery. https://twitter.com/intotheblock/status/1855902127983350204 Ethereum, the leading smart contract platform, has been attracting renewed interest from investors in DeFi and NFTs from the recent crypto market upheaval after Trump’s election victory, and as the second-largest cryptocurrency, its price has had a significant uptick. The latest surge in Ethereum’s transaction volume, reminiscent of July’s levels, highlights the continued demand for its blockchain services and reflects a strong recovery in community engagement. Unlike Bitcoin, which serves primarily…
Recently, one of the crypto investors, theunipcs.eth entered the spotlight of the digital finance world after earning millions from timely investments in $DOGE and $MAGA tokens. This investor has managed to create an unrealized profit of more than $5 million out of the initial investment of $641,000, proving the crypto market’s profit potential. theunipcs.eth(@theunipcs), a diamond-handed believer!He aped into $DOGE at $2.7M mc, spending 235 $ETH($584K) to buy 33.35M $DOGE($4.7M), with an unrealized profit of $4.12M!He aped into $MAGA at $3M mc, spending 18.45 $ETH($57K) to buy 6.27B $MAGA($452K), with an unrealized… pic.twitter.com/QNeTC3ydT0 — Lookonchain (@lookonchain) November 8, 2024 Investing…
A Chinese public official has been sentenced to life imprisonment for selling state secrets to foreign entities to cover crypto investment losses, China’s Ministry of State Security announced on November 8. The official, named Wang, reportedly faced substantial debts incurred from unsuccessful crypto investments. In a desperate bid to alleviate his financial burden, he turned to an online forum seeking part-time work, inadvertently revealing his status as a civil servant. The decision opened the door for foreign operatives who contacted him with offers of substantial remuneration in exchange for information about his confidential unit’s production tasks and research progress. Wang,…
Stobox, a tokenization platform on the blockchain, has incorporated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Proof of Reserve (PoR) on Ethereum. These integrations enhance the processing capability of its STBU token in cross-chain for effective and transparent faucet asset-backed tokenization. The integration of Chainlink’s decentralized oracle also strengthens security, particularly in cross-chain transactions and collateral validation. https://twitter.com/chainlink/status/1855958660180001152 Stobox Enhances Cross-Chain Transfers with Chainlink’s CCIP CCP enables cross-chain transfer of Stobox’s STBU token. Through the integration, users can transfer tokens conveniently across chains and increase chain compatibility for the STBU token. This capability of cross-scaffold communication solves key considerations in the…
Bitcoin (BTC) is not showing signs of frenzy, unlike March, which indicates room for further growth in price, according to K33 Research report published on Oct. 29. As of press time, BTC was trading at $73,500, roughly $300 away from setting a new all-time high. Despite the impressive over 8% gain over the past week, Bitcoin’s trading volumes remain subdued. Daily trade volume averages $2.6 billion, nearly half the levels observed in the year’s first quarter. The relatively quiet market activity suggests a healthy, gradual buildup rather than panic-driven buying. Additionally, Ethereum (ETH) lags behind, with the ETH/BTC trading pair…
Ondo Finance is developing by offering tokenized US Treasuries on the Solana network to enhance the liquidity of the ecosystem in real-world assets(RWA) tokenization. Ondo seeks to combine DeFi’s experience with dollar-denominated assets, promoting the native yield and high compatibility with the Solana chain. 1/ With the fastest growing user base for tokenized US Treasuries, Ondo is showing what RWAs can look like in a high-velocity ecosystem such as @solana.Available to use almost anywhere on Solana, Ondo’s US Treasuries tokens, and their yield, are quite simple. They’re the RWAs… pic.twitter.com/aX3KgLamg2 — Ondo Finance (@OndoFinance) November 11, 2024 Ondo Finance Expands…
Ethereum developer Paul Berg published a proposal for multiple native tokens on Ethereum that he says will improve user experience when transferring tokens, make native financial products easier to implement, and improve the potential for innovation in Ethereum Layer 2 applications. Called EIP-7809, the proposal will add a backward-compatible extension to the EVM that will allow fungible tokens to operate with “native-like” properties if it passes Ethereum’s process for approving new proposals. Ether (ETH) already functions as Ethereum’s native token. Nearly every other Ethereum-based token was built on top of the network without including most of the same “native” qualities…
GRASS stands out with its eco-friendly blockchain technology, appealing to investors seeking green investments. NFT Growth Potential via Aureal One: Aureal One’s seamless NFT integration and smart contracts make it a top choice for those in the NFT market. AI-Driven Security with NEIRO: NEIRO combines AI technology with robust security protocols, capturing the interest of investors focused on innovative tech. In the dynamic landscape of cryptocurrency, some assets with exceptional growth potential are quickly catching the attention of investors. Four cryptocurrencies stand out for their groundbreaking technology and potential for rapid gains: GRASS, Aureal One, Goatseus Maximus (GOAT), and Neiro…
Nigerian authorities have fined two crypto firms $30,000 for conducting USDT to naira transactions without a license. According to local Nigerian media outlet Nairametrics, the Federal High Court in Abuja convicted two crypto companies, Egomsinachi Road Autos Limited and Chimera Log & Haulage Services Limited, for carrying out unlicensed Tether (USDT) to naira transactions. Justice Joyce AbdulMalik ordered the two firms to pay a fine of 50 million NGN, equivalent to $30,000, following a plea agreement facilitated by the Economic and Financial Crimes Commission The court also imposed an additional fine of 500,000 NGN ($897) on each company, payable to…