Author: NBTC
Ripple X Dev recently announced on X that the long-awaited proposal for Native Lending Protocol on the XRP Ledger is finally up for review and feedback from the general public. Ripple’s Chief Technology Officer, Joel Katz, has also expressed enthusiasm for the proposal, highlighting its potential to revolutionize the XRPL’s utility. Expanding DeFi Capabilities The XRPL proposal introduced by developers Aanchal Malhotre and Vito Tumas aims to enhance the platform’s De-Fi capabilities and promises to expand financial inclusivity and transparency within the Ripple ecosystem. The proposed XRP Ledger Native Lending Protocol allows users to borrow and lend digital assets directly…
Australian prosecutors have dropped mining billionaire Andrew Forrest’s criminal case against Meta in which he was seeking reparations over a series of crypto scam advertisements that used his face. According to a spokesperson for the Commonwealth Director of Public Prosecutions (CDPP), there was insufficient evidence to continue Forrest’s prosecution against the tech giant. The CDPP, representing Forrest’s case, reportedly made a submission to the chief judge to discontinue the case after receiving the brief. In response to the case’s termination, Forrest said it was “a tragedy for innocent parents and grandparents who have lost their life savings.” Read more: Google…
Nexo, a leading regulated digital assets institution, has announced the listing of Pendle’s native token, PENDLE, on its platform. This strategic move comes as Pendle experiences a remarkable surge in Total Value Locked (TVL), which has increased by nearly 90% over the past month. PENDLE is an inflationary utility token specifically designed to enhance liquidity within the Pendle decentralized exchange. .@pendle_fi’s $PENDLE is available on Nexo! Let’s explore. ⬇️$PENDLE serves as an inflationary utility token aimed at enhancing liquidity in the @pendle_fi decentralized exchange, designed to extract yield from productive assets, enabling yield trading and hedging activities.… pic.twitter.com/v9OvG1bbFS — Nexo…
In a groundbreaking move today, Chainlink Functions, a revolutionary product developed by Chainlink, has officially launched on Base—a rapidly scalable layer-2 blockchain fostered by Coinbase and anchored by Ethereum. This integration heralds a new era for smart contract developers on Base, providing them with unparalleled access to trust-minimized computing infrastructure. With Chainlink Functions, developers can effortlessly interface their smart contracts with external APIs and execute customized co]mputations, all within the secure confines of Base’s ecosystem. Empowering Developers with Decentralized Compute Solutions Chainlink Functions introduces a serverless, developer-friendly platform tailored to the needs of the blockchain community. This innovative tool empowers…
Data suggests that most of the demand for spot bitcoin ETFs has so far come from retail investors. The average trade size of BlackRock’s iShares Bitcoin Fund (IBIT), according to one source, is 326 shares, or around $13,000, suggesting that those trades were made by nonprofessional investors. Billions of dollars have flowed into spot bitcoin (BTC) exchange-traded funds since they were launched in January and sentiment around the cryptocurrency has simultaneously improved – a case where reality appears to have matched the hype. This number wouldn’t be so shocking if that money was coming from big institutions, but, according to…
According to statistics from OpenSea, there have been zero transactions in the last seven days. The second edition of Trump’s digital trading has done better than the first. Even though Donald Trump seems to have warmed up to cryptocurrencies and bitcoin after releasing his initial set of digital trading card NFTs in late 2022, demand for the NFTs has undoubtedly waned. Trading volumes for NFTs have been rather steady in recent months, according to The Block Data Dashboard, while they are still low compared to the 2021 bull run. Disastrous Performance According to statistics from OpenSea, there has been zero…
Analysts have observed that China-linked tokens such as VeChain and Neo are being used as proxy tokens for Hong Kong’s ambition to become a leading Asian crypto hub. This comes amid speculation that Hong Kong regulators may soon greenlight spot ETFs for Bitcoin and ETH. In line with expectations, both tokens achieved significant weekly gains. However, both altcoins lost some of their weekly gains due to the decline in the market. Wintermute analysts evaluated the situation of these altcoins as follows: “VeChain and Neo are seen as representatives of demand in Asia, especially in the retail and fast money circles.…
The International Organization of Securities Commissions is devoting new attention to tokenization, the body said in its 2024 strategy. Crypto continues to be a high priority for IOSCO, which published a series of recommendations for the sector last year. The International Organization of Securities Commissions (IOSCO) is turning its attention to tokenization, the standard setting body set out in its strategy for the year on Friday. The work will build on the IOSCO FinTech Task Force’s existing principles and guidance for crypto, and it will focus on tokenization use cases that are specific to the securities market and distributed ledger…
Gopax, a prominent South Korean cryptocurrency exchange backed by Binance, disclosed a net loss of 51.3 billion Korean won ($37 million) for the fiscal year 2023, as reported in the year-end financial statement released by its parent company, Streamy. This figure is an improvement compared to the net loss of 90.6 billion won in 2022. Gopax’s revenue grew 97% year over year amid recovering market sentiment. GOPAX Reports Net Loss of $37 Million in 2023, Faces Challenges with GoFi-Linked Debt Gopax cash flow statement Site: Streamy On April 12, GOPAX released a financial statement that comprises its balance sheets as…
The Cardano ecosystem has welcomed Huawei Cloud, one of the largest cloud computing firms globally, to broaden the reach of the Cardano network. In particular, Cardano’s blockchain partner EMURGO has entered an alliance with Huawei Cloud to promote Web3 solutions via Cardano. EMURGO disclosed this new collaboration with Huawei in an official press statement today, April 11. According to the report, the alliance aims to bolster the adoption of Cardano-based Web3 solutions throughout Asia and Africa. Additionally, the collaboration involves extending support for a Cardano Validator Node on the Huawei Cloud platform. We’re thrilled to announce a strategic partnership with…