Author: NBTC
Kaia Ecosystem has announced a new partnership with HashKey Group, a prominent end-to-end digital asset financial services group based in Asia. This collaboration aims to enhance the digital asset landscape by leveraging the strengths of both entities. As part of this partnership, the HSK airdrop campaign is now live, offering community members a chance to claim a share of 10 million HSK tokens. Participants who join through the Klaytn-specific link will enjoy additional HSK rewards. This initiative is set to engage and reward the active community while promoting the HashKey platform token, HSK. 📣 We are thrilled to announce our…
DeFi researcher Michael Nadeau predicts a fierce competition between Coinbase and Robinhood in the coming years. The two fintech giants are battling for dominance across various crypto sectors, from trading to staking and even potential banking services. The most interesting fintech battle for the next 5 years is going to be @coinbase vs @RobinhoodApp .Below are some of the battlefronts they’ll be competing on:1. Trading. Coinbase charges trading fees, Robinhood does not.2. Tokenization. Robinhood is already a registered… pic.twitter.com/von8p8jDGa — Michael Nadeau (@JustDeauIt) August 13, 2024 Nadeau pointed out the difference in trading operations between the two. Coinbase charges fees…
Bitcoin (BTC) has witnessed a strong bearish momentum after three days of consolidation, leading to its price fall below the $66,000 mark. Bitcoin is down by 0.9% in the past 24 hours and is trading at $65,600 at the time of writing. The asset’s market cap also dropped below the $1.3 trillion mark for the second time this month. Bitcoin’s daily trading volume, however, increased by 125%, reaching $36.3 billion. BTC price, RSI, exchange activity and exchange balance as of Jun. 18 | Source: Santiment According to data provided by Santiment, the BTC exchange inflow surged by 137% over the…
India central bank’s Michael Debabrata Patra warns CBDC could be falsely considered as a “safe haven,” increasing bank run risks. Central bank digital currencies, touted for their potential to enhance financial inclusion and reduce settlement risks, may also pose significant risks to banking stability, Indian newspaper Business Standard reports, citing Reserve Bank of India deputy governor Michael Debabrata Patra. Addressing the matter, Patra warned that CBDCs could be falsely considered as “safe havens” during financial crises, making uninsured bank deposits more susceptible to mass withdrawals and potentially triggering “bank runs.” Patra also emphasized the growing relevance of CBDCs for deposit…
Decentralized Physical Infrastructure Networks (DePin) are transforming the tech by enabling decentralized projects in real-world infrastructure. Here’s what happened recently in the DePin sector: Nuklai collaborated with Filecoin to archive global data, Opentensor Foundation shared its post-hack plans, and Silencio celebrated 5 million check-ins. Nuklai Collaborates with Filecoin Nuklai, a collaborative infrastructure provider for data ecosystems, has teamed up with Filecoin Foundation to archive the world’s data and improve AI with detailed data understanding. The first step in this partnership is to connect with Filecoin’s decentralized network using Lighthouse Storage’s solution for better data storage. Whether it’s the actual data…
The MetaMask Card is first available in a pilot phase to a few thousand users in the EU and UK, with a wider release expected later this year. Users will be able to make purchases directly with their USDC, USDT and wETH assets held on the layer-2 network Linea. MetaMask, the popular self-custodial crypto wallet for the Ethereum (ETH) network, is starting the rollout of its blockchain-based debit card developed with payments giant Mastercard (MA) and crypto payments specialist Baanx. The MetaMask Card will initially be available in a “limited pilot of a few thousand digital-only cards” to users based…
Animoca Brands joins ZetaChain as a validator, boosting multi-chain connectivity and fostering innovative omnichain dApps. ZetaChain’s 2.0 upgrade, including Universal EVM, simplifies multi-chain interoperability and unlocks new opportunities for developers. Over 540 Web3 companies in Animoca’s portfolio can leverage ZetaChain to future-proof their apps and access 3.5M+ unique wallets. The universal blockchain ZetaChain has announced the addition of Animoca Brands, a gaming company with its headquarters in Hong Kong, as a validator. The long-term goal of seamless multi-chain interconnection and broad acceptance of digital assets is being realized in large part with this collaboration. ZetaChain and Animoca Brands are two…
The crypto market faces another brutal dip, is it another correction? A hedge fund manager believes this is caused by over shorting Bitcoin futures. This phenomenon will likely trigger a gamma squeeze towards a new Bitcoin ATH. As the crypto market faces another brutal dip, traders and analysts scramble to find the cause of the latest market dump. Many find this to be another unexpected correction, while one explains how hedge funds are the cause for this dip. James Lavish explains how hedge funds are shorting #Bitcoin and why this could lead to a gamma squeeze to $75K. pic.twitter.com/23igFZlDbH —…
Another cryptocurrency exchange began offering pre-market trading for Hamster Kombat’s HMSTR token on Monday, offering an additional way for traders to get in on the Telegram gaming phenomenon as its token launch approaches. Bybit is the latest exchange to join the fray, enabling trading of in-game points ahead of the on-chain token launch. As of this writing, HMSTR is trading for approximately $0.12 in USDT stablecoin on Bybit’s pre-market platform. The developers of Hamster Kombat have yet to announce the conversation rate at which they will award players on-chain tokens in exchange for the in-game coins they earned. For example,…
Earlier today, a substantial exchange withdrawal of Dogecoin (DOGE) caught market attention. This major transfer originated from a bankrupt crypto exchange. Whale Alert reported that over 103 million DOGE were moved from Bittrex to an unidentified wallet. Dogecoin sees significant exchange withdrawal; 103 million DOGE transferred as Bittrex winds down. Massive Dogecoin Transfer Amid Bittrex’s Wind Down The cryptocurrency landscape was stirred today following a significant transfer of Dogecoin (DOGE) from Bittrex. The now-defunct exchange saw a withdrawal of 103 million DOGE, equivalent to approximately $11.2 million at the current market rate. This movement is part of the ongoing asset…