Author: NBTC
Forbes’ web3 team (Forbes Web3) is planning to roll out a blockchain-based loyalty platform in partnership with the qiibee foundation, according to a Monday press release shared by the team. The platform, set to launch later this year, seeks to transform how web3 communities interact with brands through innovative rewards. “We are developing a loyalty program that not only rewards our users but also offers meaningful and tangible benefits,” said Taha Ahmed, Forbes’ Chief Growth Officer. The loyalty program will feature a diverse range of products, including gift cards for major brands like Amazon and Apple, charity donations, and airline…
Bitcoin price plummeted significantly and fell to the $50K level over the last weekend. The token showed upward movement in the past few days as per CMC data. The crypto market saw announcements of Binance being imposed by GST fees and the Ronin Network’s hack in the last 24 hours. Importantly, on-chain data provider Crypto Quant’s author, observed that almost 60% of the top 50 cryptocurrencies have lost their 2024 gains. On the other hand, the largest cryptocurrency, Bitcoin has managed to sustain its recent upward movement after the weekend price dip. Notably, Bitcoin price has shown a 1.87% increase…
A massive XRP transaction has recently caught the attention of the crypto community as a new whale appears to have surfaced following the transfer of a staggering 99,225,384 XRP tokens. According to crypto data tracker Whale Alert, “99,225,384 XRP worth $61,644,558 was transferred from an unidentified wallet to an unknown new wallet.” 🚨 🚨 🚨 99,225,384 #XRP (61,644,558 USD) transferred from unknown wallet to unknown new wallethttps://t.co/FNkWZDm3i9 — Whale Alert (@whale_alert) August 24, 2024 This unknown new wallet was activated with the transfer, birthing the advent of a mega XRP address. The destination wallet was launched on Aug. 24 and…
The SEC’s aggressive digital asset enforcement actions have netted billions in settlements, the bulk of which occurred this year. Since the U.S. Securities and Exchange Commission extended its oversight to the nascent crypto industry in 2013, civil penalties levied against crypto firms have totaled over $7.42 billion, according to a Social Capital Markets study shared with crypto.news on Sept. 9. Notably, 68% of the SEC’s lifetime penalties, worth $4.68 billion, were issued to crypto businesses in 2024 as the agency intensified its Web3 crackdown. The SEC and Do Kwon’s Terraform Labs reached a record $4.68 billion settlement, eclipsing the $4.3…
Blockchain technology has transformed the way we manage and record data by offering decentralized solutions across various industries. However, blockchains come in different types, each tailored to specific needs and functionalities. This guide will help you understand the differences between hybrid and federated blockchains just like the previous one tackling the public vs private ones, so you can determine which might be best suited to your requirements. 1- A Brief Reminder of What is a Blockchain A blockchain is a digital ledger that records transactions and data securely, transparently, and in a decentralized manner. Its origins can be traced back…
The relatively accelerated growth of GHO’s market cap has sparked conversations about a potential buyback initiated by the Aave protocol. The buyback is set to be engaged if the GHO gains another $40M. GHO stablecoins continue to grow in supply, moving closer to the 175M token target. Once they reach this target, the Aave (AAVE) protocol will start buybacks for its native token, potentially growing its price further. GHO supply is currently at the 135M token mark, after a steep growth rate in August. GHO tokens are still relatively conservative and have only reached three major protocols where they are…
According to the crypto data tracker Whale Alert, a staggering 118,925,431 DOGE, valued at approximately $13.3 million, was transferred from an unknown wallet to Binance, one of the largest cryptocurrency exchanges in the world. Whale Alert reported, “118,925,431 DOGE worth $13,308,971 transferred from unknown wallet to Binance.” This large transaction sparked speculation and curiosity about the intentions behind the move, which remains unknown. 🚨 118,925,431 #DOGE (13,308,971 USD) transferred from unknown wallet to #Binancehttps://t.co/2s2fGXFVMo — Whale Alert (@whale_alert) August 24, 2024 The size and timing of the transaction remain significant, fueling speculation as the market faces profit-taking. Cryptocurrencies surged on…
Five U.S. states have settled with the owner and operators of an alleged $1 Billion cryptocurrency investment scheme. The scheme, spearheaded by Josip Heit and his GSB Group, lured investors with promises of tokenized partial ownership in a skyscraper, investments in the metaverse, and a cryptocurrency purportedly convertible into gold, according to Bloomberg Under the terms of the settlement and per a press release, Heit and GSB will agree to cease and desist from offering or selling unregistered securities in the settling states without “admitting or denying any violations of law” by GSB. Avi Perry and Alex Spiro, attorneys representing…
RWA app has recently integrated with Near, the innovative layer-1 blockchain. With this new integration, the RWA database now monitors more than $630 million in tokenized Treasuries and stablecoins on the network. Announcing our completed integration with NEAR.NEAR is a blockchain building towards chain abstraction, which allows users and developers to engage across multiple ecosystems from one account.Our successful @NEARProtocol integration means our database now tracks over $630… pic.twitter.com/EzTTjOlBvY — RWA.xyz (@RWA_xyz) September 9, 2024 Near Protocol is a layer one blockchain network that provides a platform for developers to build decentralized applications. It is quicker and cheaper than Ethereum…
Ki Young Ju, the founder and chief executive of the on-chain data aggregator CryptoQuant, has made an epic statement on Bitcoin whales and their recent massive BTC purchase. “Secret Bitcoin plan” of whales spotted Ki Young Ju tweeted that he is “pretty sure something is happening behind the scenes.” What pushed him to this conclusion is, according to the tweet, that a staggering Bitcoin amount has been transferred to permanent holder wallets during the last 30 days — close to half a million coins (404,448 BTC). That is the equivalent of $22,942,919,472. “We’ll know within a year,” Ju concluded meaningfully.…