Author: NBTC
LayerZero, the bridging protocol that allows different crypto networks to communicate with each other, plans to connect to Bitcoin sidechain Rootstock in what would be its first integration with the world’s original blockchain. Rootstock aims to end Bitcoin’s “isolation” from other blockchains due to its lack of native smart contracts, a barrier that LayerZero is able to address, according an emailed announcement shared with CoinDesk on TK. The Bitcoin blockchain lacks the functionality to offer smart contracts that other blockchains have and which are fundamental building decentralized finance (DeFi) services. This lack of provision for DeFi on Bitcoin, which holds…
Bitcoin financial services firm Onramp has partnered with lending platform Arch to introduce a bitcoin-backed lending service, the companies announced. The new product allows BTC holders to secure loans while keeping ownership of their assets, a move aimed at investors looking to access liquidity without selling their bitcoin (BTC). The service provides bitcoin-collateralized loans, allowing borrowers to use their holdings as security while receiving cash or stablecoins in return. By using bitcoin as collateral rather than selling it outright, borrowers can avoid capital gains taxes and maintain exposure to the asset’s potential price appreciation, according to the press release. Lending…
Layer 1 blockchain MANTRA has launched a startup accelerator program aimed at advancing the tokenization of real-world assets (RWAs), with backing from Google Cloud. The initiative, dubbed RWAccelerator, offers startups funding, expert mentorship, AI-driven resources and technical support as they build solutions in sectors like real estate, financial products and alternative assets, the companies announced at Consensus Hong Kong. The RWAccelerator comes at a pivotal time for the tokenized asset space. The World Economic Forum estimates that by 2027, 10% of the world’s GDP — around $10 trillion — could be stored on blockchain networks, with RWAs playing a major…
Aspis Protocol and Self Chain have formed a strategic cooperation to bring innovative security and automation capabilities to decentralized finance, Artificial Intelligence(DeFAI). The collaborative partnership intends to unify Self Chain’s AI-powered intent layer with its keyless wallet infrastructure (MPC-TSS/AA) to support entire autonomous blockchain transactions. Aspis Protocol X Self Chain – Revolutionizing DeFAI Security & Automation! 🤝We’re thrilled to announce our partnership with @selfchainxyz, the AI-powered intent layer for Web3 and keyless wallet infrastructure (MPC-TSS/AA) for seamless, secure, and autonomous blockchain… pic.twitter.com/ihsTx6J77x — Aspis (@AspisProtocol) March 10, 2025 The partnership established a major advancement toward secure decentralized asset management and…
Michael Saylor, CEO of Strategy (MicroStrategy renamed), revealed the details of a $2 billion loan by the company, which is most of all to buy more Bitcoin (BTC). So, Strategy is offering $2.0 billion in 0% convertible senior notes due in 2030 exclusively to institutional investors through a private placement. Additionally, initial purchasers have the option to acquire up to an extra $300 million within five business days. The transaction is expected to close by tomorrow, Feb. 21, 2025, subject to standard closing conditions. These notes are unsecured, carry no interest and do not accrue principal. They mature on March…
Solana’s SOL token jumped 30.5% in annualized inflation following the implementation of SIMD 96 on February 12th. The implementation of SIMD 96 decreased the amount of SOL burned daily from 18,000 SOL to 1,000 SOL, impacting the real economic value (REV) distributed to token holders. The Solana Improvement Document 96 (SIMD 96) proposed adjusting the priority fee structure to reward validators with 100% of the fees collected instead of using half of them to burn SOL. The SIMD 96 proposal introduced by partners at Multicoin Capital Tushar Jain and Vishal Kankan aimed to boost SOL’s inflation if the amount staked…
A major controversy has erupted within the Base blockchain community after its official X (Twitter) account promoted GrokCoin, a newly launched token, while established builders voiced frustration over being ignored. The dispute highlights growing tensions between blockchain developers and platform operators over project visibility and promotional priorities. Base’s Endorsement of GrokCoin Recently, GrokCoin made headlines when concerns emerged over its legitimacy and association with Elon Musk’s AI chatbot, Grok. Despite the controversy, Base, an Ethereum Layer-2 (L2) network, publicly supported the project. In a post on X (formerly Twitter), Base wrote: “In case you missed it, Grok launched a token…
The official X account of Dogecoin has published a tweet debating an article which states that Bitcoin is not a meme coin. Bitcoin is “somewhat of meme coin”, per Coinbase CEO The article was published by the Bitcoin Policy Institute X handle and was written by an Assistant Professor of Philosophy at Northern Illinois University who is currently working on an academic book on the world’s largest cryptocurrency. The article has catalogued different types of blockchains and their cryptos – Layer 1, Layer 2 chains, XRP, DeFi, memecoins, etc. Bitcoin stands as a separate kind in this article and the…
The total TVL of DeFi has collapsed below 90 billion dollars, marking a -35% from the $140 billion in December. The collapse of the price of Ethereum is weighing heavily. Analysis of the TVL of DeFi The problem of Ethereum The collapse of the Ethereum (ETH) price The end of the Trump trade Analysis of the TVL of DeFi The so-called TVL (Total Value Locked) of DeFi is the dollar equivalent of all assets locked in various DeFi protocols. It concerns thousands of protocols on dozens, or hundreds, of different chains. The bulk is concentrated on Ethereum (51%), while all…
LayerZero, a prominent cross-chain interoperability protocol, has announced collaboration with Movement Network Foundation, the platform driving the development and growth of the Movement ecosystem account. LayerZero just informed about this support in its latest tweet from the official X account. LayerZero Enhances Movement Network’s Interoperability for Seamless Transactions LayerZero’s support for Movement Network Foundation’s upcoming Public Mainnet Beta release will back user onboarding and app deployment. In this respect, LayerZero will permit consumers and developers to independently engage with the ecosystem without any restrictions. As a part of this development, LayerZero will operate as the official interoperability provider for Movement…