Author: NBTC
VeChain hackathon at Cambridge sets new industry standards. 52 projects launched, $30,000 prize, 250+ participants showcase blockchain innovation. Winners address sustainability: Meatless, Carbonic, DishDeal tackle food-related challenges. The recent VeChain hackathon at Cambridge University has left a lasting mark on the blockchain community, setting new standards for innovation and collaboration. With a record-breaking turnout of over 250 participants, the event showcased the immense talent and creativity within the blockchain space. From the line stretching round the block to the projects launched, our @vechainofficial x @BCG hackathon at Cambridge Uni was one for the history books 📚✅ 52 projects launched on…
Quick Take Data from BitMEX shows March began with the first total outflow since Feb. 21. The day saw an outflow of $140 million, significantly impacted by a massive $492 million outflow from the Grayscale Bitcoin Trust (GBTC), marking one of the largest single-day outflows. According to BitMEX data, the Grayscale Bitcoin Trust (GBTC) has experienced outflows totaling $8.9 billion. Despite this significant outflow, the assets under management (AUM) of GBTC only decreased by $1.6 billion, moving from $28.6 billion to $27 billion, as reported by ycharts. This relatively small decrease in AUM, in the face of large outflows, can…
Thala, a Move-based decentralized finance (DeFi) platform, announced today its deployment on Ethereum’s layer-2 (L2) blockchain Movement. Movement is the first L2 combining the Move programming language with the Ethereum Virtual Machine (EVM), and now will be powered by Thala’s decentralized exchange (DEX), stablecoin, liquid staking, and token launchpad services. Thala’s Automated Market Maker DEX, Thala Swap, is at the heart of its offerings, providing efficient swaps and deep liquidity through various pool types. The Move Dollar ($MOD), an over-collateralized stablecoin, and $sthAPT, a liquid staking solution, are key components of Thala’s suite, which will now extend their functionalities to…
Amid a tumultuous week for the crypto market, ETH whales have made substantial moves, cashing out millions before Ethereum’s price downturn. In the past four days of market downtime, three smart traders have offloaded a staggering 26,946 ETH, equivalent to a jaw-dropping $95.7 million. Their combined profits stand at an impressive $39 million, according to data from Spot On Chain. The first trader, identified as “0xb82,” executed a strategic move, selling 7,300 ETH for $24.4 million in stablecoins via Binance, netting a handsome profit of 22.7%, which is equivalent to a remarkable $4.59 million. Not far behind, “0xebf” deposited 8,870…
Hut 8’s investors who incurred significant losses now have the opportunity to lead a class action lawsuit against the firm that seeks to recover losses for shareholders who were adversely affected by alleged securities fraud. The period in question spans from November 9, 2023, to January 18, 2024, during which Hut 8 Corp. is accused of withholding crucial information from investors. According to the complaint, Hut 8 failed to disclose vital information to its investors. According to the complaint filed, the company allegedly concealed the fact that one of its largest shareholders is an undisclosed related party. Furthermore, there are…
Alipay+ D-Store, a solution that provides a full-stack online tool for merchants, has adopted the Avalanche blockchain. According to a blog post on the Avalanche website, Alipay+ D-Store, through a partner in Southeast Asia, has introduced a Web3-enabled voucher program via a branded mini-game. Avalanche highlighted that users who access the vouchers can earn up to 50% discounts on milk teas sold by ten popular milk tea brands at over 500 shops. It also noted that more than 2,000 other shops plan to join the program. The newly launched voucher program is the first of a two-part proof-of-concept (POC) program.…
A widely followed analyst says that a gut-wrenching correction may be in the cards for the crypto king Bitcoin (BTC). In a new video update, crypto strategist Benjamin Cowen tells his 792,000 YouTube subscribers that BTC has a history of retesting previous macro resistance levels as support before climbing higher. According to Cowen, Bitcoin did not retest $30,000 as support during its climb above $60,000, leaving the doors open for BTC to lose 50% of its value. “Even for the people that like to use the 2016 analog, remember that after breaking out of these ranges, [Bitcoin] would then come…
Total fees generated from the top 10 DeFi dApps tracks via DefiLlama will amount to $4.8 billion annually based on the past 24 hours of activity. Across staking, dexes, lending, and wallets, $13.15 million in fees were generated in the past day. However, the total revenue for the past day comes to just $2.78 million, which is 21% of total fees. Lido tops the chart for fee generation, while Curve retains the number one slot for revenue, with Maker and Lido just behind. Two of the biggest gaps between fees and revenue can be seen in Aave and Raydium, which…
Goerli testnet shutting down post-Dencun upgrade, urging migration to Sepolia or Holesky. Validators on Goerli being deactivated, impacting network stability and testing. Developers advised to use Sepolia for app testing; Holesky for protocol-level testing. The Goerli testnet, a crucial environment for Ethereum development, is approaching its final days following the recent Dencun network upgrade on Ethereum’s mainnet. Originally expected to remain active for about a month post-Dencun, the network’s validators have been progressively shutting down over the past few weeks. Top DeFi protocol on the BNB chain, Thena, has added $FLOKI to its pool, allowing FLOKI holders to provide liquidity…
Optimism is growing within the halls of Congress that crucial crypto regulation could be enacted before the upcoming presidential elections. This sentiment stems from Rep. Patrick McHenry, a leading proponent of crypto within the House of Representatives. US Crypto Regulation Bill Under Works Rep. McHenry, the Republican chair of the House Financial Services Committee, highlighted the improved chances of passing legislation designed to bring regulatory clarity to the crypto market. “I think we have a couple of opportunities ahead before the election to see real policy,” McHenry remarked. He pointed to a significant shift in congressional support following the replacement…