Author: NBTC
This week, we’re excited to reconnect with XY Labs Co-Founder, Arie Trouw, to delve into their latest innovation: xyOS. This groundbreaking platform aims to demystify blockchain technology, making it accessible to everyone. xyOS acts as a user-friendly tool, catering to both seasoned blockchain experts and newcomers alike.—xyOS is intentionally crafted to feel familiar and intuitive, resembling the operating systems you’re already comfortable with. From customizable wallpapers to straightforward setup processes, xyOS simplifies blockchain navigation, inviting more individuals to participate in the XYO network.But, xyOS goes beyond mere usability—it prioritizes empowering users to take control of their digital experiences. Through features…
Carson Group Vice President and Investment Strategist Grant Engelbart shed light on the growing interest among financial advisors for Bitcoin ETFs in a recent interview with Bloomberg ETF IQ. According to Engelbart, advisors allocate an average of 3.5% of Bitcoin ETFs to client portfolios. In explaining the rapid adoption of these ETFs, Engelbart said Carson Group moved quickly to provide access to these products shortly after their launch. Responding to questions about the source of funds for Bitcoin ETF purchases, Engelbart explained that investors often reallocate from existing positions in their stock portfolios. Engelbart noted that funds tend to shift…
RedStone Oracles, which provides data feeds for blockchains, is among a growing field of “actively validated services” (AVSs) waiting to tap into EigenLayer, the buzzy new “restaking” protocol that lets upstart networks borrow Ethereum’s security. On Friday, RedStone announced that it had sealed a $500 million deal with Ether.Fi, the largest liquid restaking service on EigenLayer, to help power its oracle protocol. EigenLayer deployed a limited version of its service to Ethereum’s mainnet earlier this week, boasting more than $12 billion in user deposits – many of them from liquid restaking middlemen like Ether.Fi that aim to make the deposit…
DePIN and real-world asset structure peaq announced a boost in privacy to its network through a partnership with ATOR, aiming to provide enhanced anonymity for DePINs operating on peaq’s infrastructure. ATOR’s integration into peaq’s network will involve a liquidity expansion and a technical fusion that will allow other DePINs to access ATOR’s network. This move comes at a time when the demand for online privacy is surging, with traditional solutions like VPNs and the Tor network facing criticism for centralization and limited capabilities. Sapphire “Online surveillance and privacy infringements are growing more egregious by the day,” says Saunder, an engineer…
Pac Finance, a crypto lending platform on the Ethereum L2 Blast, made a costly error while updating its ezETH market parameters yesterday. The resulting $26 million of liquidations, spotted by Parsec founder Will Sheehan, affected at least a dozen addresses, though the worst hit user lost the lion’s share, at $24 million. Responding to Sheehan, the Pac Finance team explained that the bloodbath had been caused by human error; instead of adjusting the loan-to-value ratio (LTV) as planned, the liquidation threshold was changed ‘unexpectedly’ and ‘without prior notification to our team.’ Read more: Critics decry Blast as the latest sketchy…
Samsung is setting a new standard in the integration of Web3 technologies with traditional media platforms. Through its ambitious TX1 project, the tech giant is poised to bring blockchain-based experiences to over 200 million users, reshaping how audiences interact with digital content on their televisions. Bridging Digital and Physical Worlds Samsung’s latest venture capitalizes on the burgeoning interest in decentralized technologies and NFTs, aligning with their strategic commitment to enhancing user experience through innovation. The TX1 project, highlighted by a recent partnership with Illuvium, as discussed in BlockchainReporter’s coverage, represents a significant leap towards merging digital and physical realms seamlessly.…
Lumia Stream, a popular DeFi liquidity platform, has recently announced support for the well-known crypto network Arbitrum. As a part of this partnership, Lumia Stream will offer centralized exchange liquidity to the Arbitrum ecosystem, enabling it to integrate liquidity from KuCoin, OKX, Binance, and so on. In a devoted blog post, the company disclosed the details of the latest development. 🚪Door 8: Lumia 🤝 ArbitrumLumia Stream is now integrated on @Arbitrum, offering CEX liquidity from the biggest exchanges on-chain.Builders can now leverage Lumia Stream liquidity layer to build an ultra-liquid experience on Arbitrum.#BuildOnLumia #Arbitrum pic.twitter.com/mtciMW8sIa — Lumia (@BuildOnLumia) April 12,…
As the cryptocurrency space continues to grow and transform, Websea has emerged as a go-to digital asset trading platform that aims to educate the global youth about the potential of blockchain while providing a seamless way to interact with the vast world of Web3.—It has proved time and again that it’s not only a crypto exchange; it’s a platform that offers its users several earning opportunities by introducing a unique business model that enables users to create multi-faceted value for the Websea ecosystem while collectively enjoying the benefits of its growth. Websea is a young and exciting ecosystem of entertainment,…
PoP Planet, a SocialFi communication dApp that allows users to curate communities and deploy digital assets, has announced plans to integrate Neo X. Based out of Japan, the PoP Planet team made the announcement about its collaboration with Neo on social media. About PoP Planet PoP Planet aims to incorporate blockchain to empower creators and key opinion leaders to monetize their influence and manage communities. When registering, users can create a profile with a phone number or a blockchain wallet. Each new profile created on PoP Planet is represented by a unique Profile NFT that enables the tokenization of content…
Yuga Labs, the firm behind the Bored Ape Yacht Club (BAYC) and other popular NFT collections, has been directing ‘royalties’ to a deposit address associated with FTX US, according to Blockchain Intelligence firm Arkham Intelligence. Arkham highlights the fact that Yuga Labs has sent over $250,000 worth of value over the last two months to 0xAAe7aC476b117bcCAfE2f05F582906be44bc8FF1, an address that Arkham, as well as blockchain intelligence firm Breadcrumbs, associated with FTX US. FTX US was plunged into bankruptcy in November 2022 due to its role in the crimes of Sam Bankman-Fried and his co-conspirators. Read more: ‘Boring’ Apes Come Home divides…