Author: NBTC

Decentralized cryptocurrency exchange dYdX plans to list perpetual futures on prediction markets, d’Haussy told CoinDesk in an interview. The prediction market could offer DeFi a unique opportunity to regain attention, d’Haussy added. Perpetuals-focused decentralized cryptocurrency exchange dYdX will soon enter the prediction markets sector, allowing users to place leveraged bets on the outcome of binary events, as it looks to divert attention from centralized trading venues. “DYdX will launch perpetual futures on prediction markets,” dYdX Foundation CEO Charles d’Haussy said in an interview, explaining that decentralized finance (DeFi) needs to offer something special to differentiate itself from centralized venues. “The…

Tron founder and one of the important names in the digital asset world, Justin Sun, is once again in the spotlight. Sun is trying to start a memecoin craze on the Tron network, similar to what happened with Solana before, and he has been partially successful in this. While some of the memecoins released on the memecoin network created by Sun so far have managed to exceed a market value of $1 million, some fraudulent tokens have also been released. However, Justin Sun’s latest cryptocurrency portfolio is also a matter of curiosity for users. Here are the altcoins worth over…

Today, exSat has announced that OKX has joined its network as a validator node. This partnership marks a significant advancement in improving Bitcoin’s scalability and expanding its ecosystem’s capabilities. Working with OKX, exSat has the vision of making Bitcoin more efficient, transparent, and connected. exSat Enhances Bitcoin with Data Availability Layer and Decentralized Indexer Recognized as a leading digital currency trading platform, OKX has developed into a global giant in its industry. It has created an on-chain wallet that has gained popularity in the past few years, and millions of people use it to access decentralized applications (dApps). This experience…

A series of economic reports released on Friday have raised alarms that the United States economy may be on the brink of a recession. Bitcoin’s (BTC) price has suffered a recent crash following this macroeconomic scenario, but analysts see an opportunity. The Bureau of Labor Statistics reported that the nation’s unemployment rate increased to 4.3% in July from 4.1% in June. Additionally, non-farm payroll employment rose by only 114,000 jobs, significantly below the anticipated 175,000 new jobs. These figures have contributed to growing fears that a recession, long predicted by some economists, may now be imminent. Notably, the stock market…

MoonFi launched today as a cross-chain decentralized exchange (DEX), secure wallet, and crypto bridge, aimed at serving the Cosmos community. While most Cosmos-based DEXs let users trade crypto assets within the Cosmos network, they don’t support trading outside of it. MoonFi solves this problem by allowing users to trade across different blockchains, offering a more versatile solution for crypto trading. MoonFi, an Exclusive Multi-Chain Wallet and Cross-Protocol DEX, Announces Its Launch Driven by Komodo SDK, the decentralized exchange of MoonFi operates differently than the majority of the players in the crypto sector. The present DEXs do not permit consumers to…

Polygon’s whale activity surged by 16,263%, likely driven by anticipation of the upcoming POL upgrade. The transition from MATIC to POL is set to enhance security and performance on the Polygon network. Polygon’s MATIC has seen a dramatic 16,263% surge in large transaction volume, reaching $58.25 million in the last 24 hours, according to recent data from IntoTheBlock, a programmable financial services platform tailored to institutional investors in the decentralized finance space. This spike, driven by transactions over $100,000, reflects heightened activity among whales and institutional players. At the time of writing, Polygon (MATIC) is valued at $0.4588, surging by…

Hedera Hashgraph LLC has donated its entire Hedera blockchain network code to the newly launched Decentralized Trust Linux Foundation initiative, signaling Hedera’s commitment to open source development. Hedera’s decision to make its entire codebase, including the groundbreaking Hashgraph consensus algorithm, available to the Decentralized Trust Linux Foundation project highlights an important step towards decentralization and transparency. According to a press release provided to the media, the source code donated by Hedera Hashgraph LLC is managed and controlled as the “Hiero” project under the leadership of LF Decentralized Trust. The newly founded “Hiero” project provides developers around the world with access…

The Fear and Greed Index at 37 reflects significant investor fear in the crypto market, signaling widespread caution and uncertainty. Historical data shows that Index scores below 40 often coincide with market corrections, suggesting a potential opportunity to buy at lower prices. Analysts believe the current fear indicates the market may be near its bottom, predicting a possible upward reversal and profit opportunity. The Fear and Greed Index is currently at 37, reflecting a level of fear in the digital currency market. This indicator is commonly utilized by traders and analysts to evaluate market mood. It aids in the prediction…

In a recent interview with Matt Miller on Bloomberg TV, Frank Speiser, CEO of Metafide, shared his insights into former President Donald Trump’s surprising entry into the cryptocurrency space, the evolution of the crypto industry, and Bitcoin’s role as a long-term asset. Speiser began by discussing Trump’s recently announced DeFi project — World Liberty Financial (WLFI) — speculating that it involves a flash loan protocol designed to settle transactions within a blockchain block. According to Speiser, the project is likely focused on the adoption of stable tokens to facilitate transaction settlements, potentially across different asset classes and exchanges. However, Speiser…

Ripple has formed several partnerships globally that have seen either the XRPL or XRP utilized in every continent. This is according to recent extensive research from Tokenicer, an enterprise blockchain researcher. Despite Ripple’s legal battle with the U.S. SEC, the company has expanded its partnerships and services worldwide, with significant traction outside the U.S. Image Source: https://x.com/Tokenicer/status/1824861120672469000? Ripple forged multiple partnerships during the SEC lawsuit. While American companies remain hesitant and slow in widely adopting Ripple’s technology due to regulatory concerns, other regions have embraced the tech, allowing Ripple to make significant strides globally. Ripple in South America and Europe…