Author: NBTC

Transak, a well-known fiat-to-crypto on-ramp platform, has announced its collaboration with MetaMask (a top-tier crypto wallet). This partnership aims to increase the accessibility of decentralized finance by simplifying the onboarding process for consumers to the Web3 sector. The platform took to its official X account to announce this development. DeFi should be simple, and that’s why @Transak is proud to be partners with @MetaMask, ensuring effortless onboarding to your favorite wallet! 💳 🙌🏻Hear from @LordRanzo, MetaMask’s Senior Product Manager, as he shares his insights on the strength of our ongoing partnership 💪🏻… pic.twitter.com/EGIpxPQRRx — Transak (@Transak) October 8, 2024 Transak…

Bitcoin (BTC) and the broader digital asset market are positioned for a strong rally following the Federal Reserve’s latest rate cut, according to Geoff Kendrick, head of forex and digital assets research at Standard Chartered. While the Fed’s decision to cut interest rates by 50 basis points is expected to provide sustained momentum for digital assets, Kendrick cites macroeconomic factors as the primary drivers behind the expected price increase, particularly as he believes these factors will outweigh the uncertainties surrounding the US presidential election in November. Bitcoin and other digital assets have been performing better since the Federal Open Market…

Ethereum price extended losses and tested the $2,320 support. ETH is now correcting losses and might aim for a fresh increase above the $2,420 resistance. Ethereum remained in a bearish zone and traded below the $2,360 zone. The price is trading below $2,420 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,350 support level to start decent increase in the near term. Ethereum Price Aims Upside Break Ethereum price failed to start a fresh…

IOTA will participate in the second cohort of the European Blockchain Sandbox Initiative. The protocol will play a key role in shaping blockchain adoption in the region. Open-source distributed ledger project IOTA was recently selected to join the second cohort of the European Blockchain Sandbox Initiative (EBSI). The European Commission established the EBSI to support applications employing Distributed Ledger Technology (DLT). IOTA’s Involvement in the EBSI Initiative The initiative provides a framework for blockchain initiatives and regulatory agencies to engage in open dialogue to identify and resolve legal and regulatory concerns. In its second cohort, the European Commission confirmed participation…

Colombian neobank Littio said Wednesday it is switching from Ethereum to Avalanche in an effort to give customers a cheaper means to hedge against the country’s embattled peso. Leveraging its existing relationship with OpenTrade, a startup offering stablecoin solutions to fintech companies through tokenizing real-world assets, Littio hopes to leverage the company’s yield-bearing savings solution. To scale with growing demand, Littio said it would transition its holdings from OpenTrade’s vaults—dubbed Yield Pots— on Ethereum to those on Avalanche. Avalanche is the crypto network behind the AVAX, the 13th largest digital asset by market cap. The blockchain aims to compete with…

Bitcoin could be heading for a breakout to new record prices, based on previous cycle’s price action. Historical data suggests price could potentially rise to $108,000 to $155,000. Bitcoin (BTC) has been stuck in a grueling, multi-month correction since hitting $73,000 in March, convincing many investors that the market top is already behind. However, the recent price action resembles the top cryptocurrency’s behavior during the previous two market cycles, which eventually resolved to the upside towards the end of the year. This suggests that a breakout to new record prices could happen in the next months. Despite bitcoin’s anemic performance…

Dog-themed meme coin Dogecoin (DOGE) has been experiencing some positive momentum in recent weeks. As highlighted by Ali Martinez on X, the number of new addresses on the network recorded a 72% surge this past week, leaving the community in awe. 19,630 New DOGE addresses in one Day According to data from blockchain analytics platform IntoTheBlock, 19,630 new DOGE addresses were created on Sept. 30. The surge reflects renewed interest and engagement within the Dogecoin ecosystem. With this significant addition to the daily active addresses on Dogecoin, there may also be a spike in activity. The #Dogecoin network is experiencing…

Supra, a Layer-1 (L1) blockchain, has launched Supra Containers, a new solution with the potential to eliminate the need for Layer-2 (L2), Layer-3 (L3), and AppChains, as announced to Finbold on Wednesday, October 9. Supra Containers promise the autonomy characteristic of dedicated L2s and AppChains, fragmented liquidity, and security complexities, but with high costs taken out of the equation. Addressing liquidity, composability, and security challenges with Supr Containers Developers traditionally rely on L2s and L3s to solve scalability issues typical of L1 blockchains. However, fragmented liquidity, limited composability, and the need to secure the network persist as the most common…

Bitcoin has risen roughly 6% since the Federal Reserve revealed its first interest rate reduction in more than four years. Industry watchers say that while the rate cut has so far proved to be a short-term catalyst for crypto, the longer-term economic outlook remains uncertain. Bitcoin stood at roughly $63,600 at 2 pm ET Thursday — up from $60,000 24 hours prior. Read more: Powell pitches 50 bps rate cut to support ‘strength of the economy and the labor market’ Lower interest rates generally drive more investment into riskier assets like crypto, due in part to the diminished returns from…

For the first time since Solana launched, six SOL-based platforms held over $1 billion in user deposits. According to DefiLlama data, Jito (JTO), Kamino, Jupiter (JUP), Raydium (RAY), Marinade, and Sanctum all surpassed $1 billion or more on layer-1 blockchain network Solana (SOL). Oct. 1 marked the first time in SOL’s four-year history that its top six protocols boasted nearly $9 billion in total value locked. Liquid staking provider Jito led other smart-contract projects, with over $2 billion in TVL. Solana lender Kamino trailed in second with $1.58 billion in TVL, followed by decentralized exchanges Jupiter and Raydium, which held…