Author: NBTC

Arthur HAYES, the founder of BitMEX, claims that the Aptos (APT) network can solve numerous problems in the traditional finance (TradFi) sector. In a speech at the Aptos Experience conference in Seoul, Hayes discussed his experiences in the traditional finance sector, highlighting its outdated and inefficient nature. He pointed out common problems such as delays in remittances, settlement discrepancies, and stock deliveries. Hayes explained that the inefficiencies he has seen in traditional finance often stem from outdated practices. He noted the problematic nature of transactions taking a day or two, questioning why, in a world where data moves quickly, financial…

Avalon Labs Joins BNB Chain MVB Season 8 Acceleration Program In a strategic move to enhance its position in the cryptocurrency ecosystem, Avalon Labs (formerly Avalon Finance), a leading cryptocurrency liquidity hub and Bitcoin-collateralized lending protocol, has announced its participation in the BNB Chain MVB (Most Valuable Builder) Season 8 Acceleration Program. Selected as the representative project within the Bitcoin DeFi (BTCFi) section, Avalon Labs is set to leverage this opportunity to drive further innovation and growth. Additionally, Avalon Labs reported a Total Value Locked (TVL) exceeding $900 million on its network and the launch of USDa, the first on-chain…

Bitcoin’s price has yet to show a willingness for recovery, as the market has failed to rebound from any support level. As a result, things could get even worse in the coming days. Technical Analysis By Edris Derakhshi The Daily Chart On the daily chart, the asset has been moving lower since its rejection from the $64K resistance level and the 200-day moving average, located around the same area. The market has also lost the $60K level and is currently penetrating the $56K support zone. If this level breaks down, a further drop toward the $52K area would be imminent…

Cryptocurrency custody and servicing company Fireblocks has teamed up with Chainlink Labs to offer banks a new solution for issuing and managing stablecoins, according to a press release on September 17. The strategic collaboration will allegedly support end-to-end tokenization capabilities for stablecoin issuers, including minting, custody, and distribution, among other services. Commenting on the collaboration, Chainlink Labs Global Head of Banking and Capital Markets Angie WALKER said that both parties expect the collaboration to not only provide stablecoin users with real-time tracking of asset reserves, but also enhance the utility of stablecoins as a secure means of payment and institutional…

B² Network’s integration of Chainlink CCIP enhances cross-chain interoperability and improves liquidity for BTCFi projects. Chainlink CCIP enables seamless token transfers, reducing inefficiencies and enabling programmable cross-chain transactions. B² Network has intergrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as its official cross-chain infrastructure, marking a significant advancement in cross-chain interoperability. Particularly within Bitcoin-centric decentralized finance (BTCFi), B2 Network improves its capacity to provide flawless and safe asset transfers across blockchain networks by including CCIP. Given CCIP’s architecture is meant to enable asset interoperability and enhance liquidity across chains, this action fits B2’s aim of building a more linked BTCFi ecosystem. .@BSquaredNetwork…

Flare Labs, a decentralization software platform, has announced that users can now bridge Test Bitcoin (TestBTC) to the Flare Coston network, according to the most recent updates disclosed to Finbold on Tuesday, September 3. Through the FAssets Open Beta protocol, users can mint and redeem FTestBTC with TestBTC. New TestBTC updates In addition, the Bifrost Wallet has integrated support for FBTC to ensure a smoother experience within the ecosystem. FTestBTC, an ERC-20 token on Flare Coston, is the latest asset added to the FAssets protocol. Once FAssets goes live on the Flare mainnet, Bitcoin (BTC) holders will be able to…

Okto Chain will allocate 1% of its upcoming token to incentivize early builders who start using the Okto software development kit. According to a press release shared with crypto.news, Okto, a blockchain focused on chain abstraction, has launched a Grant Program allocating 1% of its total OKTO token supply to reward developers who start building on the Okto Chain using its SDK and embedded wallet before the Token Generation Event. Announced during the Token 2049 event in Singapore, the grant aims to encourage early adoption by helping developers integrate advanced Web3 features into their decentralized applications on Okto Chain. Launched…

Binance announced a new cooperation with Amazon’s AWS Cloud, employing generative AI solutions. This AI technology will focus on the user experience for Binance’s 237 million consumers. If the initial results seem promising, Binance will employ AWS Cloud AI for more behind-the-scenes functions. Binance’s AI Improvements According to an exclusive press release shared with BeInCrypto, Binance is partnering with Amazon Web Services (AWS). Specifically, the exchange will employ AWS’ cloud and generative AI functions to enhance the user experience. AWS is the only cloud provider sponsoring Binance Blockchain Week, and sees an opportunity for continued cooperation. “We are excited to…

Bitcoin’s (BTC) bulls are under pressure as they attempt to minimize the downward trajectory of the maiden cryptocurrency amid a general market sell-off. Focusing on how Bitcoin might navigate the current conditions, cryptocurrency analyst Ali Martinez, in an X post on September 4, pointed out that based on technical indicators, the asset faces the potential for further losses. Martinez noted that investors should anticipate a possible drop in Bitcoin’s price if the asset fails to breach a key trendline around the $68,000 mark. Indeed, the expert illustrated the significance of this trendline on Bitcoin’s weekly timeframe. Since April 2024, Bitcoin…

With a dozen ecosystem partners in place, confidential Layer 2 COTI launched its testnet. Among the partners supporting COTI’s scalable EVM network, which intends to provide web3 users with reasonably priced privacy solutions, are MyEtherWallet (MEW) and AnChain. Partnerships from a wide range of blockchain sectors, including those focused on DeFi, AI, Security and Compliance, NFTs, and Real World Assets, have been drawn to COTI’s privacy chain. The wide range of ecosystem partners who have backed COTI’s testnet and mainnet launch highlight the importance of privacy in the evolution of blockchain technology. With the launch of COTI’s testnet, developers may…