Author: NBTC
It’s been approximately 38 days since Makerdao, the decentralized finance (defi) project, rebranded as Sky and launched both the USDS stablecoin and the SKY token. During this time, more than a billion USDS coins have been minted, and 530 million DAI have been converted to the new standard. Makerdao Sees 530 Million DAI Upgraded Since Sky Transition As of Oct. 4, 2024, Sky, previously known as Makerdao, has accumulated 605,106 users and holds $12.59 billion in total value locked. The project’s foundation dates back to 2014, when Danish entrepreneur Rune Christensen established its concept. However, the lending protocol and its…
Elon Musk and Mark Cuban support Dogecoin, boosting its credibility as a payment method. Dogecoin offers fast transactions and low fees, making it ideal for businesses. Originally a joke, Dogecoin has evolved into a serious cryptocurrency for everyday use. Dogecoin (DOGE) began as a lighthearted joke but has now taken a surprising turn. With strong advocates like Elon Musk and Mark Cuban, DOGE has emerged as a serious player in the world of cryptocurrency. Now, even businesses recognize its potential for everyday transactions. Elon Musk and Mark Cuban being all in now on $DOGE is just about all that you…
Notifi has officially joined the ZircuitL2 ecosystem as a strategic partner to enhance user engagement and security by providing real-time alerts and notifications. Both platforms look forward to this collaboration as it combines Notifi’s innovative notification technology with Zircuit’s rapidly growing Layer-2 solutions. 🔔 Expansion Alert 🔔We’re excited to announce that Notifi is joining the @ZircuitL2 ecosystem as an official partner! Notifi is proud to support Zircuit’s growing ecosystem by enabling real-time alerts & keeping their users informed & secure. pic.twitter.com/5WLdpfwNkq — Notifi (@NotifiNetwork) October 4, 2024 Notifi Offers Real-Time Alerts for Enhanced Security Notifi supports the Zircuit ecosystem by…
The leading cryptocurrency, Bitcoin (BTC), broke early records at the beginning of this year, driven by the approval of spot Bitcoin ETFs, with the price reaching $73,500 in March ahead of the halving. After the new ATH, BTC entered a downtrend and dropped to below $50,000 during the sharp correction in August. BTC subsequently recovered, spending most of September fluctuating between $57,000 and $60,000, and did not fall below $60,000 after the FED’s interest rate cut. While BTC is currently around $10,000 below its previous ATH level, expectations for a new record have also increased due to the recent bullish…
NAVI is being adopted in the SUI ecosystem where leveraged techniques are interesting to investors and easier for users to obtain. The introduction of leveraged techniques in NAVI is considered to be the key effort to enter the DeFi market. Total Value Locked (TVL), on the other hand, showed signs of growth further proving NAVI’s integration into the DeFi ecosystem and, therefore, the more growth to come. All these developments are suggestive of a significant market turn around for NAVI as it increasingly finds application in the operations of the SUI. Trading at a stable rate, the token is quite…
Crypto personality Ben Armstrong, also known as BitBoy, has asserted that XRP could be the top-performing crypto asset of this cycle. BitBoy expressed this view via his X account on Thursday, citing two key factors supporting his bold forecast for XRP. Factors to Make XRP a Top Performer this Cycle First, he emphasized the potential game-changing impact of the Bitwise XRP ETF currently in development. Notably, this prominent asset manager submitted an application on Wednesday to list an XRP ETF with the U.S. regulator. BitBoy stressed that this XRP ETF could be the major turning point the community has long…
Ethereum co-founder Vitalik Buterin recently spotlighted a new update on Optimism’s SuperchainERC20 protocol. This feature includes a new cross-chain interface, encouraging better collaboration among Ethereum infrastructures. Vitalik Buterin lauds Optimism’s bold L2 plan In a Friday X post, Buterin highlighted a GitHub pull request update by Optimism, an Ethereum Layer-2 scaling solution. The update is focused on revamping the SuperchainERC20 standard by introducing a new bridge, SuperchainERC20Bridge, and an ICrosschainERC20 interface. This new redesign will improve Ethereum’s scalability and interoperability across many Layer-2 solutions. The proposal calls for moving SuperchainERC20 functions like sendERC20 and relayERC20 to the recently created SuperchainERC20Bridge.…
Over the past decade, a significant amount of bitcoin has made its way into centralized trading platforms, public and private corporations, governments, exchange-traded funds (ETFs), and derivative token projects like WBTC. With roughly 100 days remaining in 2024 after the launch of spot bitcoin ETFs in January, this analysis dives into the top ten entities holding the most bitcoin. Examining the Top 10 BTC Holders Currently, data from cryptoquant.com reveals that centralized crypto exchanges are holding about 2,581,607.09 BTC, a level not seen since November 2018. Even with this dip, there’s still more BTC on exchanges compared to the period…
The multi-chain smart contract platform on Polkadot, Moonbeam has witnessed a capital injection of $1,055,889 in the last week. This is catching up due to increased adoption within the blockchain and decentralized finance (DeFi) space. Top inflows majorly coming from Sui, Base, and Ethereum. Moonbeam reveals this latest milestone through its official X account. In the last 7 days, Moonbeam saw a net inflow of $1,055,889!Top inflows came from:🌐 Ethereum – $1,424,448 (65%)🔵 Base – $516,363 (23.58%)💧 Sui – $108,198 (4.95%) pic.twitter.com/gZnpq78m7v — Moonbeam Network (@MoonbeamNetwork) October 5, 2024 Ethereum Drives Inflows to Moonbeam Most of the inflows came from…
World Mobile Token ($WMT) has partnered with Fireblocks, an enterprise-grade digital asset management solution. This collaboration seeks to increase security on one of the WMT Migration Portal platforms, which started on September 30th, 2024. 🤝 We’re delighted to announce our collaboration with @FireblocksHQ to bolster the security of the recently released Migration Portal.🔐 Fireblocks’ enterprise-grade platform is integral to providing a seamless and protected token migration process for our valued WMT holders.… pic.twitter.com/eNMxEBjqIS — WMTx: World Mobile Token (@wmtoken) October 4, 2024 The platform will make token migration safe and efficient so that token holders can shift from the Cardano-based…