Author: NBTC
Coinbase Ventures just recognized Polkadot’s Aleph Zero and Kintsugi. The Polkadot ecosystem is rapidly maturing, paving the way for more secure, private, and scalable DApps. Among the multitude of projects within the Polkadot ecosystem, Aleph Zero, and Kintsugi have recently captured the attention of the crypto community. Backed by Coinbase Ventures, these projects have garnered attention for their unique approaches to privacy, scalability, and Decentralized Finance (DeFi) Aleph Zero: Reinventing Decentralized Finance Aleph Zero, a privacy-focused chain within Polkadot’s ecosystem, and Kintsugi, a next-generation liquid staking infrastructure, were recently featured in a top network and app list by Coinbase Ventures.…
Security remains a paramount concern in the Decentralized Finance (DeFi) market sector. As these platforms gain popularity, offering unprecedented financial freedom and opportunities, they become attractive targets for cybercriminals. The question of whether some of the top DeFi projects could be compromised is critical. It touches on vulnerabilities that range from smart contract flaws to governance weaknesses. The One Thing Preventing DeFi Hacks Ronghui Gu, co-founder of blockchain security firm Certik, provided BeInCrypto with invaluable insights into the complex DeFi market. According to him, the bedrock of securing DeFi platforms is thorough auditing. “Auditing can help identify vulnerabilities by meticulously…
A Russian artist who previously created a series of NFTs depicting a bloodsoaked Vladimir Putin says he will destroy Picasso, Rembrandt, and Warhol masterpieces worth $45 million if WikiLeaks founder Julian Assange dies in prison. Andrei Molodkin’s art project ‘Dead Man’s Switch’ has seen him gather 16 famous artworks in a 29-tonne safe along with two barrels filled with an “extremely corrosive” substance. After 24 hours the barrels are rigged to destroy the art. Only when “someone close” to Assange confirms daily that he is still alive will the timer be reset and the acid kept at bay. If Assange…
Lava Network has successfully secured $15 million in a seed funding round, introducing the next phase of the mainnet. According to a recent blog post by Lava Network, the seed funding round was co-led by Tribe Capital, Jump Capital, and Hashkey Capital. Alliance DAO, Node Capital, North Island Ventures, Finality Capital Partners, and other investors participated in the round. Excited to share Lava Protocol’s $15 million seed raise to build a modular data access layer for Ethereum & web3. We’re also introducing our next phase to Mainnet: Magma. Wallet users can now earn points on @ethereum, @NEARProtocol, @Starknet, @EvmosOrg and…
D8X, a cryptocurrency decentralized exchange (DEX) for derivatives has launched on Polygon’s zkEVM in a bid to provide an institutional-grade platform for investors in decentralized finance (DeFi). In a recent press release, the company announced its launch on Polygon’s zkEVM, rolling out plans, use cases to institutional clients, on-chain solutions, and multiple stablecoin integrations as it plans to create alternatives to USD-based assets. According to the release, the platform is supported by Polygon Ventures to reshape how users interact with decentralized exchanges allowing institutional investors to trade perpetual futures seamlessly with on-chain tools. The platform utilizes several interoperable features including…
Blockchain and digital asset trade association, the Chamber of Digital Commerce (CDC), filed an amicus curiae brief on February 9 in support of French design house Hermès in the company’s landmark MetaBirkins case. Hermés, designer of the legendary Birkin bag, has been caught up in a contentious legal battle that very well may shape how trademarks are applied to digital assets in the Metaverse and beyond. “Setting A Precedent For The Entire Digital Economy” The luxury goods company formally sued an artist named Mason Rothschild (real name Sonny Estival) for his creation of “MetaBirkins” – non-fungible tokens (NFTs) depicting Birkin…
Ethereum is the front-runner of the discussion on digital asset space as it continues to evolve, with an estimated potential rise of $11,250 by year-end. This is in light of several developments that could significantly impact its value, such as technological progress, growing institutional interest, and the approval of Spot Ethereum ETFs. Make sure #Ethereum $ETH is on your watchlist this 2024! It’s only a matter of time before it explodes! #EthereumETF pic.twitter.com/zt0kZl63IJ — CryptoBusy (@CryptoBusy) February 15, 2024 Technological Upgrades Fuel Optimism Ethereum’s path towards a future enriched in upgrades is already being paved, with important milestones, including the…
Bitcoin bull Cathie Wood’s investment management firm Ark Invest sliced holdings in Coinbase as COIN stock price rallied over 15% after the crypto exchange posted its first quarterly profit in two years, surprising investors again. Cathie Wood’s Ark Invest Surprises With Coinbase Shares Selloff On February 15, Cathie Wood’s Ark Invest sold a total of 162,762 Coinbase shares worth nearly $31 million, as per trades seen by CoinGape. It follows as Coinbase earnings beat market expectations and COIN price rallied over 15% after market hours. ARK Innovation ETF (ARKK) sold 146,807 Coinbase shares and Ark Fintech Innovation ETF (ARKF) sold…
Bitcoin (BTC) continues to exhibit bullish sentiment, maintaining its position above the $50,000 mark as the market anticipates a possible push toward a new record high. Despite the optimistic market conditions, uncertainty over the digital asset’s next move still looms. In this line, cryptocurrency trading expert Gareth Soloway, during an interview with David Lin published on February 18, suggested that Bitcoin can potentially experience a drop, drawing parallels with the stock market. According to Soloway, amid the bullish conditions, Bitcoin could retest the $30,000 mark if the stock market undergoes a correction ranging between 20% to 30%. He considers this…
In a recent statement, Ripple Chief Technology Officer (CTO) David Schwartz strongly denied allegations that Ripple is manipulating the price of XRP through programmatic sales. Schwartz said the following regarding the issue in his statement: “I do not believe our scheduled XRP sales manipulate the price in any way. “I am confident that we have made every effort to minimize the price impact of our scheduled sales.” Schwartz flatly denied these accusations and said that Ripple stopped scheduled XRP sales starting from the first quarter of 2023 and that this was explained in detail in Ripple’s 1st Quarter 2023 XRP…