Author: NBTC

Since the start of the year, the Solana blockchain has gained a lot of attention from the crypto community. Solana’s growth has been spectacular, as seen in its rising total locked value (TVL) and the launch of many new projects in the last three months. The ecosystem’s TVL currently stands at $4.5 billion, with a yearly high of $4.9 billion, reached in April. While many factors can be attributed to this growth, dynamic marketing strategies have been among the critical steps that drove many Solana projects to prosperity. How to effectively market Solana (SOL) ecosystem project When starting their marketing…

The Nigerian Securities and Exchange Commission (SEC) has issued its first licenses to local crypto exchanges to operate within the country, despite contentious relations between the government and industry at large. Per an SEC press release, both Busha Digital Limited and Quidax Technologies Limited have been granted “approval-in-principle” to operate under its Accelerated Regulatory Incubation Program (ARIP). The agency said the development is part of its “commitment to enabling innovation that would deepen the capital market while guaranteeing the protection of investors.” Press Release: Update on the SEC’s Accelerated Regulatory Incubation Program andRegulatory Incubation Program Find details in the link…

The year 2024 becomes the best year ever for the DEX in terms of the number of transactions: during 2024, the DEX Uniswap has already surpassed the overall transaction record, setting a new all-time high. In fact, taking into consideration the number of swaps carried out during the course of the year, in 2024 more than 300 million transactions have already been surpassed, while for example in 2023 they stopped at less than 180. Over 300M swaps on the Uniswap Protocol this yearAnd there’s still four months to go 🫣 pic.twitter.com/P3c1XvpS8b — Uniswap Labs 🦄 (@Uniswap) August 26, 2024 During…

BlackRock, the top asset manager, has clinched a key milestone on the spot Bitcoin ETF scene through its iShares Bitcoin Trust (IBIT). Specifically, IBIT has secured approximately $20 million in inflows this year. BlackRock’s IBIT Claims Top Spot As a result, IBIT has claimed the top spot, attracting more investment than the other new ETFs launched in 2024. Nate Geraci, the President of ETF Store, highlights BlackRock IBIT’s increasing popularity in a post on social media X. Geraci noted that out of all 375 new ETF launches in 2024, the following closest non-spot Bitcoin ETF to IBIT amassed $1.3 billion…

Decentralized Physical Infrastructure Networks (DePin) are transforming the tech by enabling decentralized projects in real-world infrastructure. Here’s what happened recently in the DePin sector: leading privacy protocol ATOR rebranded to Anyone, decentralized personal information network Verida raised $5 million, and Layer-1 blockchain Synternet launched its mainnet on the Cosmos network. ATOR Protocol Rebrands to Anyone One of 2023’s most successful DePin projects, ATOR, has rebranded as Anyone, marking a switch from the dark web-related browser Tor to mainstream internet privacy. The new name reflects this broader vision: transforming the internet for every user, not just the technically inclined or fringe…

Ryan Salame, the former FTX executive sentenced to 7.5 years in prison in May, has withdrawn a legal request to a New York court asking that the conditions of his plea deal with prosecutors be enforced or that his plea be thrown out and his sentence vacated. Last week, Salame’s lawyers filed a petition with the court stating that prosecutors had obtained his guilty plea improperly, getting him to agree to plead guilty by dangling promises that they would cease their investigations into Michelle Bond, Salame’s long-time partner and the mother of his young child. Read more: Former FTX Executive…

Prominent Shiba Inu lead developer famous under the pseudonym Shytoshi Kusama has addressed the meme coin community on the X social media network as he celebrates a big new exposure of the SHIB token on Kraken – one of the largest US-based cryptocurrency exchanges. Shytoshi Kusama boasts new SHIB exposure on Kraken Kusama shared a tweet published by Kraken, in which it says that SHIB has now been added as new collateral for futures traded on Kraken Pro. From now on, the tweet says, SHIB can be used to get exposure to more than 200 perpetual futures contracts on Kraken.…

According to data provided by blockchain analytics platform Arkham Intelligence, $593.5 million worth of Silk Road-related Bitcoins have been moved to the Coinbase exchange. As reported by U.Today, the price of Bitcoin dipped after the U.S. government transferred nearly $2 billion worth of BTC to exchanges. However, it turned out that the market overreacted since these coins were simply sent for custody. In early July, the leading US cryptocurrency exchange secured a high-profile partnership with the United States Marshals Service, the very first law enforcement agency in the country. The deal was meant to ensure Coinbase Prime securely stores the…

Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. Howdy! It’s a cold world out there, but the return of fast food meal deals has been giving me joy lately. Over the weekend, I stopped by Taco Bell to get their new $7 meal, which came with a chalupa, taco, burrito, chips, and a drink — what value! McDonalds’ new $5 combo isn’t bad either. There are always reasons to smile. Anyways: One market maker to rule them all Stablecoins are like the liquidity lifeblood of crypto —…

The U.S. House of Representatives’ financial-services committee is said to be tackling a ton of crypto issues next month, including DeFi and Securities and Exchange Commission matters. Digital assets will likely be a hot topic for SEC Chair Gary Gensler, who is said to be scheduled to face the entire committee later in September. The U.S. House Financial Services Committee is poised to launch a series of crypto hearings digging into several aspects of the industry, according to a person briefed on the planning, including decentralized finance (DeFi), the Securities and Exchange Commission’s oversight of digital assets businesses and the…