Author: NBTC
Step into the world of Injective, where blockchain innovation meets the future of finance. Led by CEO Eric Chen, Injective is revolutionizing decentralized finance (DeFi) with its lightning-fast transactions, zero gas fees, and omnichain liquidity layer.—In this exclusive interview, we dive deep into Injective’s role in the blockchain space, its collaboration with Bonfida and Wormhole, and the transformative opportunities it presents for developers and users alike. Join us as we explore the cutting-edge technology driving Injective’s mission to reshape the landscape of finance.Q: Could you provide an overview of what Injective is and its role in the blockchain space?Eric: Injective…
Bored Ape Yacht Club creator Yuga Labs has acquired Proof, the NFT startup behind the Moonbirds collection and the Proof Collective membership program, the company announced Friday. According to Yuga Labs, the company has completely acquired Proof and all of its properties, including Moonbirds, Oddities, Mythics, and Grails. Yuga will add the Proof team into its staff, and integrate the Moonbirds collection into its upcoming Otherside metaverse game. Proof co-founder and CEO Kevin Rose, a tech entrepreneur who also co-founded Digg, will assist with the handover before becoming an advisor to Yuga Labs. Rose had previously denied that any Moonbirds…
The chief strategy officer of market intelligence platform CoinShares says that the narrative centered around Ethereum (ETH) has been hampered amid the rise of alternative layer-1 blockchains. In a new interview on the Crypto Banter YouTube channel, CoinShares CSO Meltem Demirors says that crypto newcomers are still more likely to choose Bitcoin (BTC) over Ethereum (ETH) as their entry point to the digital asset ecosystem due to a simpler narrative. Says Demirors, “I think for a lot of the newcomers in this next cycle, ETH is not going to be their first entry point into crypto, and I do think…
Recently, the total market capitalization of AI (artificial intelligence) related crypto tokens has exceeded 12 billion dollars. This is what emerges from a recent report by Stocklytics.com that considers nine cryptos: Bittensor (TAO), Render (RNDR), Akash Network (AKT), Fetch.ai (FET), CorgiAI (CORGIAI), SingularityNET (AGIX), Echelon Prime (PRIME), Ocean Protocol (OCEAN), OriginTrail (TRAC). The crypto AI Stocklytics Analysis The main AI cryptos Future perspectives The crypto AI The AI-related crypto with the highest market capitalization is TAO (Bittensor), which reaches 3.8 billion dollars. In this ranking it is clearly in the lead, since the second, RNDR (Render), has only just…
Spot Bitcoin ETFs have become the talk of the town witnessing massive inflows since their launch last month. However, in a podcast with Natalie Brunell on Sunday, February 18, market expert Jim Bianco called Bitcoin ETFs a “giant mistake“. Bitcoin (BTC) Not Going to $1 Million Bianco on the podcast stated that the only thing that Bitcoin ETFs have done is sucking Bitcoin into the current financial system. He added that spot Bitcoin ETFs take away the “Decentralized” nature from the asset class. In his message on X, on Sunday, Bianco noted: “I love the idea of an alternative financial…
Ripple CTO David Schwartz has responded to concerns alleging XRP price manipulation via Ripple XRP sales by an X user. Schwartz highlighted Ripple’s transparency, as evidenced by its escrow accounts. In the past week, there have been conversations on social media over the XRP price, with some members of the XRP community blaming Ripple for the token’s poor performance. Some of them stated that Ripple was dumping XRP onto the market. In response to these allegations, Schwartz clarified that Ripple had discontinued its programmatic XRP sales, citing Ripple’s Q1, 2023, XRP Markets Report. According to the article, Ripple has only…
Prices and trading volume for Ethereum NFT collection Moonbirds rose sharply Friday afternoon, following the announcement that Bored Ape Yacht Club maker Yuga Labs had acquired the IP for the collection alongside creator Proof. But sizable spikes in the last couple days have fueled speculation of insider trading ahead of the reveal. According to data from blockchain analytics platform CryptoSlam, daily sales volume for Moonbirds NFTs was under the $100,000 mark for each day this month through February 13, with only one exception—February 4 with about $141,000 worth. But on February 14, daily Moonbirds sales volume spiked fivefold from the…
Ethereum price is gaining pace above the $2,800 support. ETH eyes more gains and might surge toward the $3,000 resistance zone. Ethereum is consolidating gains above the $2,820 support zone. The price is trading above $2,850 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,850 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up toward the $3,000 resistance zone. Ethereum Price Eyes Upside Break Ethereum price remained stable and slowly moved higher above the $2,800 pivot level. ETH even outperformed Bitcoin and climbed…
The Avalanche Foundation has introduced Avalanche Rush, a pioneering $180 million mining liquidity program. It will boost the growth of the DeFi ecosystem. This initiative seeks to attract more applications and assets to the Avalanche blockchain. Therefore, it will empower accessibility and efficiency within decentralized finance for users worldwide. Avalanche Rush Phase 2 to Bring More Incentives The Rush initiative will deploy Aave and Curve, two high-TVL DeFi protocols, on Avalanche in the first step. In this part, Aave and Curve users will receive AVAX, Avalanche’s native token. Rewards will be delivered over three months. The Avalanche Foundation gave Aave…
The Swiss City of Lugano has announced the issuance of a native digital bond, building on the successes of its first offering back in early 2023. Valued at CHF 100 million ($114 million), Lugano’s native digital bond will rely on Switzerland’s experimental central bank digital currency (CBDC) for settlements. Swiss authorities have been experimenting with new CBDC use cases as part of Project Helvetia III, a limited CBDC pilot project. The bond issuance mirrors 2023’s offering, with the city relying on blockchain technology based on SIX Digital Exchange. For custody, Lugano’s new digital bond will turn to the SDX’s Central…