Author: NBTC
Due to an apparent bug, Solana experienced five hours of downtime Tuesday morning. Solana’s DeFi protocols have seen a surge in activity amid a raft of airdrops, but the bullishness was temporarily on hold as validators slowly moved to an upgraded version of the network. Still, the Discord channels where Solana DeFi users gather to chat mostly voiced commitment to the Solana ecosystem as the network went back online. At the time of the last outage in February 2023, Solana’s decentralized finance protocols held roughly $260 million of total value locked (TVL), according to DeFiLlama. Today, that number stands at…
In the ever-evolving digital landscape, safeguarding your business from NFT phishing attacks and spam has become more critical than ever before.— Enter Fireblocks, a Web3 security leader, and its Head of R&D for Web3, Avi Bashan, who unravels the driving factors behind this trend. From exploiting Twitter verified badges to the surge of NFT minting on Layer 2 blockchains, Fireblocks introduces a cutting-edge threat detection tool within its NFT Library, providing essential defense against financial losses and reputational harm. As per blockchain analytics firm Elliptic, over $100 million worth of NFTs have been reported stolen through scams from 2021 to…
The SEC finally approved spot Bitcoin ETFs last January. While all eyes were on Ethereum ETFs after the BTC ETF approval, Layergg, a popular research platform, shared its ETH expectations. At this point, Layergg, which divided its journey towards Ethereum spot ETF approval into 3, stated that the first period started with the Dencun upgrade. “Term 1: Ethereum Dencun Upgrade” Referring to the Shanghai upgrade here, the platform argued that ETH could rise similarly. “Phase 1 :(February~March): Ethereum Dencun upgrade will take place on March 13. Looking at last year’s Shanghai Upgrade, ETH was up 50% from about a month…
U.S.-listed crypto companies rose Wednesday as bitcoin {{BTC}} climbed past $51,000 for the first time since December 2021, taking its market cap to $1 trillion. Bitcoin, the largest cryptocurrency by market value, added about 2.9% in the last 24 hours, while the CoinDesk 20 Index, a measure of the largest digital assets, rose around 2.1%. Ether {{ETH}}, the second-largest cryptocurrency, gained 3.2% to $2,754, the highest since May 2022, while the total crypto market cap touched $2 trillion for the first time since April that year. Cryptocurrency exchange Coinbase (COIN) rose more than 7%, and software company MicroStrategy (MSTR), which…
The Ethereum (ETH) price has crossed the $3,000 threshold for the first time since April 2022 yesterday. However, amidst the celebratory fireworks in the crypto community, Fred Krueger, a renowned Bitcoin ETF expert, has voiced a starkly contrasting opinion. Krueger, a Wall Street veteran and prop trader, took to X (formerly Twitter) to express his skepticism about the current valuation of ETH, stating, “ETH is completely detached from reality.” Why Ethereum Is “Completely Detached From Reality” Krueger’s comments come at a time when the crypto market is witnessing a resurgence in investor interest, with Ethereum at the forefront due to…
Sending bitcoin onchain remains a poor payment experience despite the hype surrounding the leading crypto asset, according to Taproot Wizards founder Udi Wertheimer. In a recent post-mortem of a high-volume sale using bitcoin, Wertheimer detailed several pain points with onchain payments including long confirmation times, lack of payment amount enforcement, high fees, and insufficient Lightning Network capacity. Bitcoin Payments Remain Clunky During Taproot Wizards’ (TW) recent Quantum Cats sale, the company processed over $15 million worth of bitcoin (BTC) payments onchain. However, TW also had to process over $1 million in refunds due to inefficiencies with the Bitcoin network as…
In decentralized finance (DeFi), where innovation is the norm and competition is fierce, establishing a strong brand identity is essential for survival and growth. PancakeSwap, a decentralized exchange (DEX), has mastered the art of branding in this complex environment. It has set itself apart as an inspiration for crypto marketers entering the intricate DeFi sector. The Importance of Brand Identity in DeFI Chef Brownie, the Marketing Chef at PancakeSwap, explained to BeInCrypto the crucial role of brand identity in the DeFi space. According to him, the foundation of a powerful brand identity rests on three pillars: A clear value proposition.…
Yat Siu, founder of Animoca Brands, believes NFTs are underutilized and can be a major component of digital capitalism, transforming industries such as rights management and education. Siu argues that the current lower valuations of NFTs indicate a healthier, more genuine interest in the technology’s utility, which could be crucial in addressing global financial inequality and promoting financial literacy. Legal frameworks, specifically in the U.S., must evolve to fully support this vision. We have not begun to tap into the utility of non-fungible tokens (NFTs), founder of Web3 giant Animoca Brands, Yat Siu, said in a recent interview with CoinDesk.…
Swiss-based FINMA-regulated banks can now offer liquid staking via Taurus and Lido. Taurus is working with Deutsche Bank and Santander. Lido’s liquid staking token fits well with Swiss regulator FINMA’s recent guidance on Ethereum staking, according to Taurus. Banks allowing their customers to earn an income from holding and staking Ethereum tokens came a step closer, thanks to a partnership between Swiss-based cryptocurrency custody firm Taurus and Lido, a specialist in Ethereum staking. For now, Lido’s liquid staking product, where firms lock up their ether (ETH) on the blockchain and receive a digital record of that in the form of…
Brad Garlinghouse, CEO of Ripple, has celebrated a series of epic wins for the fintech giant. In a tweet, the Ripple CEO celebrated the company’s latest acquisition of Standard Custody and Trust, including its licensing wins. In Q4, Ripple (including subsidiaries) gained licenses in major markets, including its full Major Payments Institution license from the Monetary Authority of Singapore (MAS) and its registration as a Virtual Asset Service Provider by the Central Bank of Ireland. To date, Ripple holds a New York BitLicense and has secured money transmitter licenses in nearly 40 jurisdictions in the U.S. Ripple announced on Tuesday…