Author: NBTC

Polygon (MATIC) is a Layer-2 scaling solution that aims to enhance the performance of the Ethereum Blockchain. By addressing scalability issues, Polygon significantly increases transaction speeds, reduces costs, and simplifies user interactions. This article explores what Polygon (MATIC) is and provides a guide on purchasing it with Turkish Lira (TRY). Contents hide 1 What Makes Polygon Effective? 2 How to Buy Polygon (MATIC) with TRY? 3 Why Choose Polygon? 4 Conclusion What Makes Polygon Effective? Polygon is designed to ease the congestion and high transaction fees that Ethereum faces due to its growing network activities. Utilizing a sidechain network interconnected…

Heightened anticipation for spot-based bitcoin ETFs in the U.S. and the eventual inflows supercharged bitcoin’s run-up to new all-time highs, and now Hong Kong regulators reportedly are inching closer to approving similar funds, news that thus far has been mostly unnoticed in crypto circles. These vehicles, however, could open the floodgates for Chinese investors looking for a new haven next to gold and overseas real estate and stocks in which to store their wealth. “[They] will be a big deal,” Noelle Acheson, macro analyst and author of Crypto Is Macro Now newsletter, said in an email interview with CoinDesk. “It’s…

Cathie Wood’s business has received a dose of bad news as the earnings season wraps up. Most of its Exchange Traded Funds (ETFs) have shed substantial assets after years of underperformance. For example, the ARK Innovation Fund (ARKK) has lost billions of dollars and now has over $6.8 billion in assets. At its peak, it had billions of dollars in assets under management. ARK ETFs have seen substantial outflows The same is true with the ARK Autonomous Tech & Robotics (ARKQ) and ARK Fintech Innovation ETF (ARKF), which have continued to underperform the broader S&P 500 and Nasdaq 100 indices.…

Leading crypto tracker Whale Alert has indexed a fresh transaction featuring the movement of a substantial amount of XRP from a Ripple wallet. Data from Whale Alert shows that Ripple transferred 100M XRP, worth $52.81M, to an unknown wallet. Notably, the transaction occurred yesterday at exactly 16:07 (UTC). 🚨 🚨 🚨 100,000,000 #XRP (52,815,512 USD) transferred from #Ripple to unknown wallethttps://t.co/CmwVPaSKWG — Whale Alert (@whale_alert) April 24, 2024 Funds Shuffle Between Ripple Wallets Although Whale Alert did not disclose the identity of the receiver, on-chain scrutiny carried out by The Crypto Basic suggests that Ripple also owns the recipient wallet.…

Litentry, which is itself a TEE-based privacy-preserving identity oracle, has partnered with zkPass, a company specializing in decentralized identity. This integration seeks to transform secure data sharing through conformity using zkPass’s new zkTLS oracle protocol alongside Litentry’s capabilities. 🌐 We’re excited to announce our partnership with @zkPass , leading the way in decentralized identity!​Integrating zkPass’s 3P-TLS and Hybrid ZK technologies with Litentry’s expertise sets new standards for secure, verifiable data sharing.​@zkPass offers innovative solutions… pic.twitter.com/9GXUFv2p3O — Litentry (@litentry) June 1, 2024 zkPass Introduces Innovative Solutions for Secure Data Sharing This partnership shows a progress in improving security and privacy in…

This year’s massive crypto rally was driven by the Bitcoin spot market, with on-chain analysis offering a unique look into the current state of the market cycle, according to Glassnode. Bitcoin Spot Volume: Now Versus 2021 Examining Bitcoin trading activity, spot volumes peaked at $14.1 billion in March, similar to levels seen at “the height of the 2020-2021 bull market,” wrote the firm in a Tuesday report. Those volumes have since cooled to about $7 billion per day in April. Similarities to the 2021 bull run are also visible when applying a fast/slow momentum indicator to spot volume. As of…

The Spanish central bank has launched a third trial for its wholesale central bank digital currency (CBDC), focusing on a natively digital bond. Banco de España is partnering with Minsait, an IT and consulting firm owned by Indra Sistemas, one of Spain’s largest tech firms. The trial will explore how a wholesale CBDC can introduce efficiency and save costs in the bond market. The two will use a CBDC to settle the issuance of a natively digital bond and other secondary transactions. They will also explore the use of digital currency in other related events, such as bond redemption and…

Baby DogeCoin (BABYDOGE), one of the top dog-themed meme coins that thrived from Elon Musk’s tweet, rallied over 15 percent in the past 24 hours despite the general crypto bearish sentiment. With a fully diluted valuation of about $882 million, the small-cap meme coin saw its daily average traded volume triple to around $17 million. What Influenced Baby Doge Coin Spike The sudden spike in Baby DogeCoin was largely influenced by the overwhelming support of the new DAO proposal for 0 percent fees to transfer, buy, and sell on the BNB Chain. Remarkably, the DAO proposal received over 98.89 percent…

Coral Finance, a staking protocol dealing with Bitcoin L2, has commenced a unique collaboration. As per the platform, it has recently joined forces with UniPort Network, an interoperability protocol concerning the assets in the Bitcoin ecosystem. The company disclosed the respective partnership on its official account on the social media forum X. We are thrilled to partner with @Uniport_Network, an Omni-Chain Interoperability Protocol for #Bitcoin ecosystem assets.@Coral_Finance is a staking protocol that allows users to stake non-BTC assets and earn leveraged yield.Follow the updates on the partnership🤝.… pic.twitter.com/0MXr1kmHpO — Coral Finance | Coralantis🪸 (@Coral_Finance) June 1, 2024 Coral Finance and…

As the cryptocurrency industry anticipates the next halving, market analysts and investors keenly observe the potential impacts on Bitcoin’s price. The halving, a programmed reduction in the rewards miners receive, is expected to occur on April 20. It will cut the reward from 6.25 BTC to 3.125 BTC. Therefore, this event will effectively decrease Bitcoin’s inflation rate from 1.7% to 0.85% annually. Bitcoin Remains Bullish Before the Halving Historically, Bitcoin halvings have been associated with volatility in the short term but bullish trends in the long term. Vincent Maliepaard, Marketing Director at IntoTheBlock, told BeInCrypto that the 2016 and 2020…