Author: NBTC
Saga, a layer-1 blockchain with a focus on gaming, recently built up a ton of hype for its mainnet and token launch by running a play-to-airdrop campaign and rewarding DeFi stakers across various networks. But the incentives don’t stop there. Saga is now rolling out its next wave with a colorfully-titled campaign. The “Power-Level Over 9,000” airdrop campaign—named after a “Dragon Ball Z” reference that became an internet meme—was first revealed in April and leans on partnerships with more than 100 projects across various chains, Saga says, including games and other decentralized apps. The campaign will dole out bundles of…
BounceBit has officially opened withdrawals for $BBTC and $BBUSD. BounceBit has confirmed that it is committed to enhancing the user’s experience and securing the reliability of its CeDeFi system. The company’s initiative to unlock withdrawals for users is intended to play an important role in promoting active participation in the inflow and outflow assessment system. A secure inflow and outflow financial ecosystem are only possible with such active membership. Withdrawal of $BBTC and $BBUSD is now available!Visit https://t.co/0Z6EfKzMsA to initiate withdrawal on either @BNBChain or Ethereum.We encourage everyone to try withdrawing, with the aim of evaluating the in- and outflow…
BlackRock continues to attract assets to its bitcoin ETF daily, even as its competitors see inflows into similar funds stall. The asset management giant’s iShares Bitcoin Trust (IBIT) has been a flow-gathering standout since US spot bitcoin ETFs launched on Jan. 11. It so far has tallied more than $15.3 billion of net inflows — ahead of the $8 billion or so notched by the next-best Fidelity Wise Origin Bitcoin Fund (FBTC). Read more: BlackRock bitcoin fund accounts for 20% of the firm’s Q1 ETF net inflows Grayscale Investments’ Bitcoin Trust ETF (GBTC) has kept a slight assets under management…
Ethereum’s price has faced challenges breaking below the critical $3K support region, with a recent bullish rebound driven by heightened demand near this level. However, a substantial resistance region looms ahead, potentially halting the current momentum. By Shayan The Daily Chart An analysis of the daily chart shows that Ethereum sellers have been attempting to push the price below the crucial $3K support region, which aligns with the 0.5 ($3133) and 0.618 ($2906) Fibonacci levels. Despite these efforts, ETH recently experienced a bullish rebound due to significant demand around this key threshold, reaching the upper boundary of a multi-month descending…
Neo has made progress in addressing the security breach that occurred on Feb. 8, 2023, involving unauthorized token transfers from the N3 migration service. As a result, tokens from one of the three addresses used by the attacker have been recovered. The attacker, who surfaced on Feb. 13, 2023 demanding a ransom, verified their involvement by sharing the private key for one of the addresses. Since the breach, Neo Global Development has continued efforts to secure the network and recover lost assets. By April 15, 2024, using the private key provided by the attacker, NGD successfully reversed the unauthorized transactions.…
To bolster its institutional trading offerings, popular crypto exchange OKX has announced a collaboration with Hidden Road Partners, a credit network for institutions. The partnership aims to provide Hidden Road’s clients with access to OKX’s deep liquidity and faster execution of complex trading strategies. As part of the collaboration, OKX will focus on integrating its Nitro Spreads service with Hidden Road’s prime brokerage services. Nitro Spreads enables the execution of futures and basis spreads, as well as funding rate arbitrage strategies. The integration is set to offer several advantages to Hidden Road’s institutional client base. These benefits include on-demand access…
The Bitcoin halving, an important event written into the cryptocurrency’s code, is two days away. This event, which occurs roughly every four years, reduces the rewards for Bitcoin miners by half. The cryptocurrency community is abuzz with anticipation ahead of the halving, especially given recent developments such as the approval of spot Bitcoin ETFs and improved crypto regulations. The 2024 halving is expected to have ripple effects throughout the entire financial system as retail investors gain exposure to Bitcoin through ETFs. This could result in increased crypto transactions, trading volume, investment, and speculation in the space, Finance Magnates reported. According…
The fate of the much-anticipated Spot Ethereum (ETH) (ETF) hangs in the balance, with a decision by the SEC expected in three days. Cryptocurrency trader Crypto Rover, founder of CryptoSea, believes the market widely anticipates a rejection of the ETF. He suggests that this bearish sentiment may already be factored into current Ethereum prices. However, Crypto Rover argues that an approval could trigger a significant price increase for Ethereum. “In exactly 3 days we will have the Spot #Ethereum ETF decision. The consensus is that they will be denied, causing this bearish scenario to be already priced in. But in…
LayerZero, a protocol enabling connections between incompatible blockchains, has given sybil airdrop farmers an opportunity to self-report their addresses by May 17 in exchange for a reduced token allocation. According to LayerZero, those who decide to come forward will receive 15% of their intended allocation, while those who do not are at risk of receiving “nothing” from the planned token airdrop. Sybil airdrop farming refers to an ostensibly deceptive practice where individuals engage in Sybil attacks by creating multiple fake identities or accounts to exploit airdrop programs. A Sybil attack is enacted when an individual creates numerous false accounts to…
Cryptocurrency exchange OKX announced the launch of Bitlayer, a pioneering Layer 2 solution that provides security equivalence for Bitcoin based on the innovative BitVM paradigm. Strategic Investment in Bitlayer from OKX Bitlayer aims to improve Bitcoin’s transaction capabilities by championing cutting-edge technologies such as Taproot and BitVM. By leveraging the Discreet Log Contract (DLC) framework, Bitlayer enables it to manage a wide range of contingent financial applications with high security. This approach aims to pave the way for more efficient and secure transactions by addressing the scalability issues of the Bitcoin network. Over the past 15 years, Bitcoin has been…