Author: NBTC
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…
The potential classification could create a contradiction with the SEC’s prior regulatory approval of Ethereum Futures ETFs. A recent Fortune report raised eyebrows by suggesting the US Securities and Exchange Commission (SEC) is legally pushing to classify Ethereum as a security. Despite no official confirmation from the SEC, the news is big enough to ignite controversy among financial experts and crypto members. According to Fox News journalist Eleanor Terrett, such a classification would directly challenge the Commodity Futures Trading Commission’s (CFTC) stance on Ethereum as a commodity. Bringing this back as we talk about the @SECGov’s potential plans for the…
Binance, the world’s largest digital asset trading platform by market volume, seeks to tighten controls to prevent United States investors from accessing its platform. Sources familiar with the matter told Bloomberg that Binance has instructed prime brokers, including FalconX and Hidden Road, to implement more rigorous checks on their clients. Notably, the exchange has stopped services in multiple nations recently due to regulatory policies and increased scrutiny. Following the guilty pleas in November, Binance has been adamant about bolstering its compliance measures, demanding additional information from institutional traders. These checks involve inquiries about office locations, employee whereabouts, and founder residency,…
Artemis announced the integration of Injective, which seeks to give institutional-grade analytics to its users. This enables users to enhance their access to extensive data analytics, thereby facilitating the process of making well-informed decisions. The objective is to foster transparency and enhance the cryptocurrency ecosystem as Artemis pioneers a novel approach to strategic advancements and more astute investments within the sector. Proposing chain-level metrics for every injective will grant dApps and injective users perpetual access to comprehensive dashboards. Artemis, being a data analytics platform, provides protocols and users with analytics that are fit for an institution. Investors intend to delve…
Dover — ChainGPT, an AI-powered Web3 infrastructure provider, joins forces with Polygon Labs, a leading Ethereum scaling solutions pioneer, to streamline AI-powered NFT generation and on-chain minting. The collaboration integrates ChainGPT’s AI NFT Generator with the Polygon blockchain, allowing creators to simplify the NFT development process within Polygon’s efficient framework.—As Bitcoin surges and NFTs make a comeback, there’s a growing need for user-friendly tools to assist developers and Web3 users in generating unique NFT art.The rising popularity of digital art, coupled with advancements in generative AI, presents exciting opportunities to showcase creative NFT collections. However, the current Web3 ecosystem lacks…