Author: NBTC
The Open Network—the Telegram-linked blockchain behind Toncoin (TON), the 10th largest cryptocurrency by market cap—is down for the second time in 24 hours, failing to produce blocks for over three hours as of this writing. And the trouble is being blamed on a meme coin. Dogs (DOGS), a new cryptocurrency minted on TON, is popular—and is now in the top 100 biggest coins and tokens by market cap, according to CoinGecko. Its price currently stands at $0.00145, with nearly $1.9 billion worth of trading volume over the last day. The token launched on Monday with an airdrop claim opened to…
The Commodities Futures Trading Commission announced a settlement with Uniswap Labs on Wednesday. Per a press release, the CFTC found that the firm “illegally offered leveraged or margined retail commodity transactions in digital assets via a decentralized digital asset trading protocol.” Uniswap will pay $175,000 to settle the allegations. Users, according to the CFTC, could use liquidity pools when trading on the protocol. Read more: CFTC’s Behnam warns crypto industry that more enforcement actions are coming “Among the digital assets traded on the protocol and through the interface were a limited number of leveraged tokens, which provided users leveraged exposure…
Binance Loans now offers fixed rate loans, providing users with predictable borrowing costs, according to a blog post by Binance. This feature allows borrowers to lock in interest rates for their loan duration, benefiting both suppliers and borrowers with stable APRs throughout the order period. Say hello to Fixed Rate Loans! Now we have more options for stablecoin borrowing and lending with fixed terms and custom APR. More information ➡️ https://t.co/VZ9684CDbKpic.twitter.com/Pt0HmmKNT7 — Binance (@binance) September 5, 2024 The platform currently provides fixed-rate loans for two stablecoins: USDC and FDUSD. For USDC, borrowers can access loans with a 7.8% fixed rate…
The focus on Bitcoin has taken center stage in Donald Trump’s presidential campaign, especially with a vision to make the US a global leader in crypto. Donald Trump Jr. is formulating a new decentralized finance (DeFi) platform aimed at addressing banking access inequality and challenging traditional banks. He shared this vision during a Q&A session, emphasizing the appeal of decentralized finance, particularly for those who have struggled with traditional banking systems. Donald Trump’s campaign pivots towards making America a global crypto leader, with significant insights from Trump Jr. on a new DeFi initiative targeting banking sector inequalities. Trump’s Vision to…
Howdy! Death, taxes, and the Kansas City Chiefs getting extremely lucky at the end of football games. When will it end? It’s day two of the NFL season and I’m already resigned to my Buffalo Bills bowing out to Patrick Mahomes in the playoffs yet again. At least I have all our newsletter subscribers to keep me company: Kamino is Solana’s home for liquidity incentives PayPal’s PYUSD stablecoin has recently seen rapid growth on Solana. Much of the growth has been driven by Kamino, a newer DeFi platform where the majority of this activity is happening. Kamino, a borrow-lend protocol…
A Solana meme coin dev created a token on Pump.fun and airdropped 20% of the supply to 10 Crypto Twitter influencers. But within just a couple of days, most influencers dumped what they’d been sent. The project branded itself as the “biggest social experiment on Solana,” airdropping approximately $10,000 worth of its CABAL token to notable figures in the scene. The term cabal refers to a secret political faction, and it’s often been used in the world of crypto to refer to insiders that collaborate to promote specific tokens. By sending a chunk of tokens to influencers, the project said…
New York State Attorney General Letitia James has joined a regulatory offensive against cryptocurrency trading platform Uniswap, according to internal communications regarding the NYAG subpoenas seen by CoinDesk and two people who are familiar with the situation. Over the course of last month, subpoenas from James’ office were sent to some venture capital firms that have invested in decentralized-finance giant Uniswap, including Andreessen Horowitz (widely known as a16z) and Union Square Ventures, the two sources said. A spokesperson for Uniswap said via email: “Uniswap Labs is a proud ‘Made in New York’ pioneer of DeFi technology, which offers a path…
PayPal is expanding its reach into US point-of-sale payments by integrating its debit card with Apple’s mobile wallet and offering 5% cashback rewards. This move aims to position PayPal directly against tech companies and banks. Under the leadership of new CEO Alex Chriss, who joined from Intuit last year, PayPal is shifting focus from its traditional online and peer-to-peer payment services to in-person transactions. The company’s debit card now provides 5% cash back on selected purchases, with a limit of $1,000 per month. Additional rewards are available through partnerships with brands like DoorDash and Sephora. “E-commerce has obviously been one…
Record Increase in Bitcoin Purchases in Argentina Amid Price Drop, Surpassing Previous Peak by 33%. Monday Recorded the Highest Daily Volume of Bitcoin Purchases in Argentina for 2024, According to Lemon Exchange. While global markets show a retreat in Bitcoin purchases amid price drops, Argentina is charting a different course. According to Lemon, a prominent Argentine crypto exchange, the nation witnessed its highest daily Bitcoin purchase volume of 2024 this Monday. This surge in purchases came as Bitcoin’s price fell sharply from $58,000 to $49,000—a level not seen in six months, marking a more than 15% decrease within a single…
zkSync Era, a prominent Ethereum-focused layer 2 scaling solution, keeps on getting traction, particularly within the DeFi ecosystem. Top 7 ICO, a well-known crypto analytics platform, has recently shared the list of the chief ten zkSync Era-based protocols in line with their total value locked, including SyncSwap, Uniswap, Koi Finance, zkSwap, PancakeSwap, and so on. Top 10 Protocols on zkSync Era by Total Value LockedLet’s compare the top 10 DeFi-protocols on @zksync #L2 by current TVL in USD, according to @DefiLlama, in order to evaluate networks adoption scale. With over $23M in TVL, @syncswap is the leader by locked liquidity,…