Author: NBTC
Trading volume on the decentralized exchange Uniswap has exceeded $2 trillion five and a half years after its launch. According to data from Dune Analytics, trading volume on Uniswap crossed an essential level on April 5. Source: Dune Analytics Ahead of the expectation of a new record, the Uniswap team published a message that $2 trillion would be reached within 24 hours. Uniswap Labs also said it would transfer 200 USD Coin (USDC) to the first person to record and send to the firm a video clip updating the Dune Analytics dashboard showing Uniswap trading volume has surpassed $2 trillion.…
Coreum has launched the XRP Ledger (XRPL) bridge, allowing network participants to move XRP from XRPL to Coreum, the Cosmos ecosystem, and other supported EVM-compatible chains. Reza BASHASH, co-founder of Coreum and Sologenic, first brought attention to this functionality in a recent post on X. Bashash shared a snapshot of the XRP dashboard on Coreum Explorer, showing that there are now 1.2 XRP tokens on the Coreum network. Recall that the team first launched a bridge between XRPL and the Coreum network in the fourth quarter of 2022. However, this bridge had limited capabilities and only allowed the transfer of…
Coinbase chief legal officer Paul Grewal responded to a legal development that has revived a consumer lawsuit against the US-based crypto exchange that was dismissed in 2023. On April 5, Grewal said companies such as Coinbase have no private liability for the secondary trading of crypto tokens because “contracts matter.” Grewal cited a decision from the US Court of Appeals for the Second Circuit, stating: “We appreciate the Second Circuit confirming today what is clear under the federal securities law.” In their earlier amended complaint against Coinbase, plaintiffs attempted to remove references to the company’s user agreement, undermining their claims…
In 2013, Billy Markus, known on the X app (formerly Twitter) as “Shibetoshi Nakamoto,” launched the original meme-inspired cryptocurrency, DOGE, in collaboration with Jackson Palmer. Both left the project soon after launch, but Markus remains watchful on both DOGE and the whole crypto space, frequently publishing sarcastic posts on X/Twitter platform. This time, he has commented on the idea of adding DOGE to the tipping option on the aforementioned social media network after hearing claims that Bitcoin and Ethereum, even though they have been added officially, are hardly ever used for tipping content creators. BTC, ETH hardly used for tipping…
In a notable development in the world of crypto, SPACE ID has partnered with CyberConnect. SPACE ID is excited to popularize a revolutionary modular Layer 2 platform that innovates the way people can engage socially and contribute to on-chain mass adoption. The partnership will have a significant impact on the development of the decentralized world. 📢 Teaming up with @CyberConnectHQ to transform social experiences & drive Web3 adoption!Read on for Partnership and Ecosystem Airdrop details 👀 Blog post: https://t.co/I3x8d7lgUL — SPACE ID (@SpaceIDProtocol) April 4, 2024 SPACE ID Backs Cyber L2 for Enhanced On-Chain Transactions Firstly, the migration of CyberID…
The Bitcoin halving, arguably the most important crypto event of the year, is likely to now happen around April 15, according to Nicehash. This is almost two weeks earlier than the previously anticipated April 28. The acceleration in the expected date of the halving mirrors the trend observed during the last halving event four years ago. Bitcoin has so far seen halving events in November 2012, July 2016, and May 2020. The forthcoming halving will decrease mining rewards to 3.125 BTC per block. This event comes at a time when the world’s premier digital currency soared to a height of…
Popular crypto exchange CryptoCom aims to bolster Shiba Inu’s (SHIB) popularity by promoting the crypto asset on Google Play Store and Apple’s App Store. Shiba Inu’s popularity has continued to spike in the crypto space, with investors flocking to various trading platforms to acquire it. CryptoCom Modifies App Name to Promote SHIB To gain a competitive edge over its rivals, leading crypto exchange Crypto.com silently promoted Shiba Inu’s adoption on two of the world’s biggest mobile stores- Google PlayStore and App Store. The team behind the exchange slightly modified the title of its mobile app to accommodate Shiba Inu. Before…
The legal tussle between the SEC and Ripple takes a new twist as XRP enthusiasts characterize the commission’s remedy request as an abuse of power. The crypto community has slammed the United States Securities and Exchange Commission (SEC) over its remedy request against blockchain payments company Ripple Labs. SEC Seeks $1.95B in Fine Against Ripple It bears mentioning that the SEC made its remedies request against Ripple on March 22. In particular, the commission requested a whopping $1.95 billion in fines and penalties following Ripple’s unregistered securities offering in the form of XRP institutional sales. The $1.95 billion fine requested…
Leading cryptocurrency trading platform Nexo has finally added support for Shiba Inu (SHIB). Nexo made this known in an X post today, noting that its users can now buy, swap, and send SHIB via its platform. However, they confirmed that Shiba Inu trading is not available in the United Kingdom as of press time. .@Shibtoken’s $SHIB is live on Nexo. 💳 Buy with card in seconds🔗 Free Ethereum top-ups↔️ Swap with rewards✨ Borrow against $SHIB🫂 Send to a friend via phone number or email Get started: https://t.co/ERBaYKYR2S Not available in the U.K. All investments carry a degree of… pic.twitter.com/s6EqyPdH6p —…
AIOZ Network, a leading Decentralized Public Infrastructure Network (DePIN) for Web3 AI, Storage, and Streaming, recently took to X (formerly Twitter) to shed light on the challenges regular AI developers and businesses face in the AI industry. The tweet emphasized the overwhelming dominance of big tech companies and large enterprises in the AI space, highlighting the barriers these entities create for smaller competitors. In response to these challenges, AIOZ Network announced the launch of AIOZ W3AI, a groundbreaking solution aimed at democratizing access to AI, storage, and streaming for smaller entities. The AI industry has experienced rapid growth and application…