Author: NBTC

In a groundbreaking move set to reshape the landscape of decentralized finance (DeFi), COTI, renowned for providing the fastest and lightest confidentiality layer on Ethereum, has announced a strategic partnership with PriveX, the first intent-based privacy perpetuals decentralized exchange (DEX). This collaboration marks a pivotal moment in DeFi’s evolution, promising to deliver unparalleled privacy and security in perpetuals trading. Introducing a New Era of Confidentiality in DeFi COTI’s advanced cryptographic protocol, Garbled Circuits, lies at the heart of this partnership, enabling PriveX to integrate state-of-the-art privacy-preserving Layer 2 technology into its platform. This integration ensures that PriveX users can execute…

Ethereum (ETH) has underperformed Bitcoin (BTC) by up to 44% since Ethereum’s transition to a proof-of-stake (PoS) network known as “Merge” nearly two years ago, analysts at CryptoQuant report. Hailed as a major update to Ethereum’s blockchain, Merge marked the transition from the energy-intensive proof-of-work (PoW) mechanism to PoS, but since the switch, ETH’s performance has lagged behind Bitcoin. Merge, seen as a major upgrade to Ethereum’s blockchain, marked the transition from the energy-intensive proof-of-work (PoW) mechanism to PoS, but since the switch, ETH’s performance has lagged behind Bitcoin. CryptoQuant noted that ETH continued to underperform Bitcoin even after the…

According to RootData statistics, 111 publicly disclosed crypto VC investment projects took place in August, matching the total from July 2024. This represents a 41% increase compared to August 2023, when 78 projects were recorded. The total fundraising amount in August reached $785 million, marking a 22% decrease from the $1.01 billion raised in July. Crypto VC Investments Remain Steady in August Venture capital activity is a key indicator of major investors’ interest in the crypto market. While the number of publicly disclosed crypto VC projects in August remained unchanged from July, both months now rank as the third-highest for…

Ripple has completed a burn of 185 RLUSD tokens. This strategic decision reflects the company’s approach to maintaining a sufficient supply. By sending these tokens back to its issuer, Ripple is effectively removing them from circulation, thereby cementing its position as an authoritative player in the stablecoin landscape. Initially issued on August 22, RLUSD tokens were distributed across two blockchains: 185 tokens on the XRP Ledger and 200 tokens on Ethereum. This dual-platform release highlights Ripple’s strategy to value cross-chain interoperability and stability while maintaining the token’s peg to the US dollar. Each RLUSD token is designed to be worth…

PixelRealm, a Web3 gaming ecosystem, has partnered with Neon EVM to enable Ethereum-based games on Solana without the necessity of recoding. This means that developers can deploy existing Ethereum codebases on Solana, reducing development time and costs. The partnership comes as blockchain gaming sees renewed interest, with nearly $580 million invested in 2024, according to Rootdata. PixelRealm is supported by Binance Labs and Polygon Studios and currently serves over 120,000 players. The collaboration will lead to the launch of Kugle, a mobile game featuring virtual collectible pets, NFTs, and an animated player-driven universe called KugleWorld. Steven Leaton, Gaming Lead at…

Institutional investors like BlackRock and Fidelity are adding to Bitcoin holdings amid market dips, reflecting strong confidence. Whale accumulation of 400,000 BTC in 30 days suggests ‘smart money’ sees current price levels as key buying opportunities. Bitcoin faces resistance at EMA50 and MA200, but potential rate cuts could fuel a push toward the $69,000-$70,000 range. According to Dr. Profit, a crypto analyst on X, the past week’s market activity was a strategic opportunity for investors despite the market’s recent dip. Notably, institutional players like BlackRock and Fidelity remained unshaken, even increasing their holdings during the downturn. This reflects a larger…

The US government’s regulation of DeFi is reaching a critical point, with Uniswap as its next major battleground. Our industry as a whole must defend Uniswap’s role in the future of finance, or risk losing a foundational technology that allows decentralized ecosystems to thrive. The New York outfit behind the popular DEX just agreed to pay $175,000 to the CFTC for facilitating retail trade of a suite of leveraged index tokens, which, going by the tickers in the complaint, were built by Index Coop. Part of the CFTC settlement dictates that Uniswap Labs must cease offering those kinds of tokens…

At the latest Ethereum Foundation (EF) Q&A, core researcher Justin Drake shared insights into the foundation’s financial stability, revealing that it has around $650 million worth of Ethereum (ETH) in its main wallet. With an annual budget of around $100 million, the foundation’s current reserves can sustain its operations for the next decade, even with fluctuations in ETH prices. Drake explained that the Ethereum Foundation’s budget primarily covers grants and salaries, with some recipients requiring payment in fiat currency. The foundation’s financial report is expected to be released soon, but its funds are in a strong position based on current…

Bitcoin and altcoins have been in a downtrend for a long time. BTC, which last experienced a sharp decline at the beginning of August, has been trying to hold onto the $60,000 level since then, but has not been successful. While a recovery is expected in Bitcoin and altcoins, an updated assessment came from Grayscale Research. Stating that August was quite volatile for the cryptocurrency market, Grayscale stated that Bitcoin benefited from the weakening dollar and interest rate cut signals amid market volatility. According to the Grayscale report, Bitcoin outperformed while Ethereum (ETH) performed worse. The report also stated that…

With bitcoin in retreat again, analysts are looking for technical indicators and signals that could provide clues as to where it is heading next. On Aug. 12, crypto derivatives data provider CoinGlass reported that the liquidity heatmap is showing key first-test lines at around $56,800. If BTC prices bounce off this level, it will test higher ones but a weaker bounce could result in further downsides, it noted. #BTC Liquidity / Orderbook Heatmap First test $56800, if the bounce is strong, we will test higher levels. If the bounce is weak, we will go to lower price levels. 👉https://t.co/z9WYoWqeVP pic.twitter.com/S72yJNag7v…