Author: NBTC
Infusion, a novel automated market maker (AMM) protocol, has officially launched on Base, the Layer 2 solution incubated by Coinbase, introducing a unique liquidity timelock feature known as timefusing to decentralized exchanges (DEXs). This feature is designed to provide stability and predictability for traders and on-chain applications by ensuring liquidity remains locked for set periods. The timefusing mechanism is particularly relevant in the context of meme coins, which have seen instances of liquidity being pulled abruptly, causing significant investor losses. Infusion’s approach aims to prevent such scenarios, as seen with the BALD meme coin rug pull on Base, which resulted…
OpenSea and the Seaport Working Group have released Seaport 1.6, the most recent version of the NFT marketplace protocol for the Ethereum Virtual Machine (EVM) ecosystem. ‘Seaport hooks,’ a new feature of the upgrade, is modeled around Uniswap v4 hooks. The goal of this feature is to facilitate the development of applications that increase NFTs’ utility and liquidity. By functioning as order fulfillment plugins, these hooks enable developers to easily integrate custom contracts into the Seaport protocol. OpenSea and the Seaport Working Group are thrilled to unveil Seaport 1.6 — the latest generation of the most advanced NFT marketplace protocol…
1RPC, a prominent Web3 relay service by Automata Network, has recently announced its support for Axelar. It is a cutting-edge programmable Web3 interoperability platform. This development marks a significant milestone in the Web3 world. It expands the number of supported networks on the 1RPC Web3 relay to a total of 55. An innovative platform from Axelar supports the next generation of web apps, allowing billions of people to use them. 1RPC now supports @axelarnetwork.Safeguard your data with zero metadata exposure through our public endpoint: https://t.co/rs2m1o0aHKLearn more ↓https://t.co/FfZkPXOUsQ — 1rpc _ (@1rpc_) March 20, 2024 1RPC Enables API Key Creation for…
The price of Bitcoin (BTC) just blew past the pivotal $65,000 mark as market analysts point two crucial catalysts impacting its price outlook. After breaking the $60,000 resistance zone on February 28 for the first time since November 2021, many expected the price of Bitcoin to experience a mild correction. The opposite is what has happened, as the premier cryptocurrency recently printed its most bullish weekly candle, having increased its value by $11,404 over the week, as pointed out by crypto analyst Raicher. #Bitcoin just closed its Greenest Weekly candle ever! $11,404 between open and close on Bitstamp. pic.twitter.com/6jRC6m8x18 —…
Mintlayer, a Bitcoin (BTC) layer 2 sidechain seeking to improve direct token interoperability and foster decentralized finance (DeFI), has launched a new staking program interface to streamline user experience and improve accessibility, as per the latest information shared with Finbold on March 21. Blending Mintlayer’s block explorer and Mojito wallet browser extension, the program allows users to stake their ML tokens and reap rewards. Mintlayer’s staking initiative Mintlayer’s staking initiative is poised to empower a larger user base to engage in token staking activities. Boasting an Annual Percentage Yield (APY) currently hovering around 198%, the platform stands out as one…
Non-fungible tokens (NFTs) are unique digital assets that can represent anything from art and music to virtual land and gaming items. They have exploded in popularity and value in recent years, attracting the attention of celebrities, investors, and regulators alike. The legal status of NFTs remains unclear and controversial, especially in the United States, where the Securities and Exchange Commission (SEC) has the authority to regulate securities and protect investors from fraud and manipulation. One of the key questions that arises is whether NFTs are securities under the federal securities laws, and specifically, whether they meet the criteria of the…
Bloomberg analyst James Seyffart believes a spot ether exchange-traded fund won’t get approved in May. Seyffart and his colleague had previously seen a 35% chance that one or more of the issuers will receive a green light. Odds that spot ether ETFs will get approved in May have gotten slimmer, according to a Bloomberg ETF analyst who cited U.S. regulators’ seeming lack of engagement with potential issuers over the products. “We now believe these will ultimately be denied on May 23rd for this round,” Bloomberg Intelligence ETF analyst James Seyffart wrote in a post on X on Tuesday. Seyffart and…
The much awaited beta launch of OraiBTC Subnet is set to occur on March 19, according to Oraichain, a pioneer in the integration of blockchain technology with artificial intelligence. With this breakthrough, Bitcoin (BTC) will be included into the Oraichain ecosystem for the first time, providing a decentralized bridge for easy deposits and withdrawals of BTC. Users may straight away swap the asset for ORAI tokens and bridge BTC between the Oraichain and Bitcoin networks in both ways thanks to the Subnet, which is meant to make it easier to move Bitcoin into and out of the Oraichain network. It…
As Bitcoin continues its bull run, the community has raised an important concern: numerous platforms are reporting limitations on purchasing BTC. However, these concerns are unfounded, as community notes from Twitter (X) and confirmations from various sources have made it clear: Bitcoin remains available on CashApp, numerous over-the-counter (OTC) platforms and exchanges. There is no immediate supply shock, but what does this mean for Bitcoin’s future? The notion of a Bitcoin supply shock stems from the cryptocurrency’s capped supply of 21 million coins, with over 18 million already mined and in circulation. The scarcity of Bitcoin is one of its…
Micro3, a noteworthy advancement in the realm of SocialFi Mint-to-Earn (M2E), has revealed its intention to implement appropriate protocols to ensure the integrity and trustworthiness of its NFT pricing. Micro3 has successfully integrated the Chainlink Price Feeds into their system, which is the preeminent decentralized oracle network in the industry. As a result, its consumers receive high-quality, unchanging data for NFTs across many blockchains. The purpose of providing rates that are not only precise but also sourced from reputable peer-to-peer organizations is to bolster user confidence. Real-time price aggregation derived from reputable trading platforms is indisputable within digital assets, where…