Author: NBTC
The Bank for International Settlements is mulling ending a cross-border payments platform eyed by the Russian president as a tool to bypass U.S. sanctions. The Bank for International Settlements is reportedly debating the future of its mBridge cross-border payments project after Russia‘s president Vladimir Putin flagged the technology as a potential tool to evade Western sanctions and challenge the U.S. dollar’s dominance, Bloomberg has learned, citing sources close to the matter. Discussions about whether to shut down the project took place last week during the IMF and World Bank annual meetings in Washington, sources indicated. The mBridge project, designed to…
The long-anticipated liquid staking protocol from K9 Finance will debut on the Shiba Inu ecosystem’s layer 2 scaling network, Shibarium, today. The Shiba Inu ecosystem announced that the liquid staking derivative (LSD) will launch on Shibarium in partnership with K9 Finance. Per an X post, the integration will occur by noon on Wednesday. Liquid staking features on the Shiba Inu ecosystem will disrupt the traditional staking procedure on the blockchain. Users can now stake their BONE and earn rewards while maximizing their staked tokens. With K9’s staking dApp, users can convert their staked BONE to knBONE for utility within the…
Prominent Telegram crypto game Tomarket has generated its TOMA token on The Open Network (TON), as planned. Now it’s almost time for players to reap what they have sown in the tomato-themed game. According to the latest updates, Tomarket has taken a snapshot of player progress at the time of the token launch, and will reveal allocations to eligible players 24 hours later—on Friday, November 1 at 12pm ET. However, not all of the 40 million-plus players will get a share of the bounty. Here’s a primer on who is set to receive TOMA tokens on Tomarket, how you’ll claim…
Popular investment platform Robinhood, which also supports cryptocurrencies, including meme coins, has published a history of how various top meme coins emerged, making a particular emphasis on Shiba Inu and Dogecoin – the two largest meme cryptocurrencies in terms of market capitalization value. “DOGE army sets the tone for future meme coins” In its Dogecoin recap, Robinhood reminded the community that the original meme coin was created in 2013 as a parody of Bitcoin, inspired by the popular Doge meme (Kabosu Shiba Inu dog). DOGE began to exist via the Litecoin fork, the tweet stated, and it had a mission…
Data from Farside Investors reveals interesting figures in the Ethereum ETF sector of the cryptocurrency market. Fidelity Investments has come out on top again in its daily report of institutional interest in the world’s leading altcoin. This follows two consecutive days of no inflows by the U.S. asset management firm. General inflow trend from ETH ETF issuers Notably, Fidelity’s Ethereum ETF (FETH) recorded a total inflow of $5 million to take a clear lead on the Ethereum ETF market. The Oct. 28 figures placed Fidelity $2.7 million clear of its closest rival, BlackRock iShares Ethereum Trust (ETHA). BlackRock managed to…
On October 29, Hurun Research Institute released the latest “2024 Hengchang Shaofang Hurun Rich List”, which also features former Binance CEO Changpeng Zhao(aka CZ) with a wealth of 135 billion yuan. CZ ranked 16th on the Hurun Rich List even though he paid more than $7 billion in fines due to judicial settlements in the past year. CZ’s personal wealth increased by 90 billion yuan compared with last year, thanks to the rise in Bitcoin prices, which is now nearing the all time high mark after crossing $71K today and the overall growth in cryptocurrency trading volume. CZ is presently…
An early Shiba Inu (SHIB) investor has recently been making strategic moves as prices struggle alongside the rest of the crypto market. Despite once profiting significantly from SHIB, the whale with the address 0x761 is shifting focus to other tokens, particularly Fetch.AI (FET) and Neiro on ETH, in an attempt to recover from recent losses. Whale Swaps Ethereum for NEIRO One of the whale’s most recent transactions involved swapping 1,003 Ethereum (ETH), worth $2.31 million, for 2.86 billion NEIRO tokens. This exchange took place during a period when NEIRO experienced a significant 17-fold price increase. Despite this surge, the whale’s…
Axie Infinity has officially launched Phase 1 of its Homeland Rarity Storage Update. This update, announced on their official X account, aims to improve in-game storage for players and effectively resolves the previous storage shortage issue. Phase 1 of the Homeland Rarity Storage Update is LIVE — and MOAR!The Storage Shortage is Over 🏆Last week, we shared our 2-phase update for better Homeland in-game storage.Today, we shipped phase 1 and some extra goodies.Here’s what’s new 🧵👇 pic.twitter.com/iIYbFqodCO — Axie Infinity (@AxieInfinity) October 31, 2024 Axie Infinity Expands Storage Space Based on Building Levels With this update, players will get more…
This is a segment from the Empire newsletter. To read full editions, subscribe. Air traffic control is often pegged as the most stressful job in the world. Managing private key security at Coinbase might just take the cake. Coinbase is big. Influential. On the front lines of the war for hearts, minds and regulatory clarity. There’s no greater way to prove Coinbase’s standing in the crypto space than by just how much of it is given to it for safekeeping. We know now that Coinbase users held $272.7 billion in crypto at the end of September, plus an additional $4…
The Core Foundation on Thursday unveiled LstBTC, an ERC-20 liquid staking token pegged 1:1 with Bitcoin (BTC), aiming to solve a longstanding dilemma for Bitcoin holders: the choice between earning staking rewards and maintaining liquidity. This allows BTC holders to earn daily rewards in CORE tokens while keeping their Bitcoin liquid for use in decentralized finance (DeFi) applications at the same time. Speaking with Decrypt, Rich Rines—an initial contributor to Core DAO—said that Bitcoin makes up half the crypto market cap yet represents a tiny fraction of DeFi activity. This is in part because there hasn’t been a sufficiently promising…