Author: NBTC
The layer-two (L2) initiative BOB, an acronym for ‘Build on Bitcoin,’ successfully secured $10 million during its seed funding round, led by Castle Island Ventures. The financial boost is set to advance the deployment of a Bitcoin L2 that is compatible with the Ethereum Virtual Machine (EVM), aiming to spur creativity across the network and establish an ecosystem of Bitcoin decentralized applications (dapps). BOB Aims to Bridge Bitcoin and Ethereum The L2 project BOB, short for ‘Build on Bitcoin,’ has announced it raised $10 million in a funding round led by Castle Island Ventures. Mechanism Capital, CMS Holdings, Bankless, Viabtc…
Bitcoin layer 2 network Stacks (STX) was trending on Google after the network’s Nakamoto upgrade received widespread approval. According to the Stacks Foundation, the upgrade was approved by every voter who had Stacked STX, and 99.98% of the votes cast by those who were not stackers supported the proposal as well. As a result of this community endorsement, the Nakamoto Testnet is slated to go live on March 25, 2024. The next two phases are already scheduled for April 15–29 for the Nakamoto Mainnet (Instantiated) and May 15–29 for the Nakamoto Mainnet (Activated). The project’s white paper states that the…
Crypto exchange KuCoin saw over $1 billion in outflows in the last 24 hours after the US prosecutors announced charges against the exchange and two of its founders, Chun Gan and Ke Tang, for violating anti-money laundering laws. The US Department of Justice revealed in its indictment that the crypto exchange did not register with any of the US government entities despite operating as a money-transmitting business and providing services to over 30 million customers. The exchange also did not have any KYC (know-your-customer) or AML (anti-money laundering) program in place until 2023. For the last 24 hours, #KuCoin has…
Decentralized finance (DeFi) protocol Ethena, which offers the $1.3 billion USDe token, unveiled plans Wednesday to debut its governance token by airdropping tokens to users on April 2, according to a blog post. The protocol is set to airdrop 750 million ENA tokens, or 5% of the total supply. The campaign to earn “shards,” which qualify users for the token airdrop, will end on April 1. Those who unstake, unlock or sell all their USDe before this date will not be eligible for the airdrop. Users will be able to claim tokens starting the next day, and ENA will be…
The Hague Conference on Private International Law (HCCH) has initiated a project on digital asset tokenization. It aims to bring legal clarity to cross-border businesses engaging with digital assets. This project will encompass various digital token types. It will also explore preliminary legal questions surrounding digital securities and blockchain-based digital asset management. The intergovernmental organization aims to clarify which laws apply to cross-border businesses and how legal rulings are enforced internationally. Proposal Urges CGAP Study on Private International Law Challenges of Digital Tokens A recent proposal recommends that the Council on General Affairs and Policy (CGAP) commission a study on…
The stablecoin sector achieved a significant milestone on March 20, 2024, hitting the $150 billion mark as the dollar-anchored market continues its expansion. In the last five days, the stablecoin sphere expanded by $980 million, breaking past the latest threshold. Stablecoin Market Value Tops $150 Billion The total value of all stablecoins now stands at $150.01 billion, a level last observed at the close of September 2022. In the past 24 hours, stablecoins have led the charge in global trade volume, accounting for $117 billion of the $188 billion total seen across the entire cryptocurrency market. At the forefront in…
Binance Margin, a leading cryptocurrency trading platform, announced the addition of several new assets and trading pairs aimed at enriching the trading experience of its users. Binance Margin Expands Offerings with New Trading Pairs and Assets Decred (DCR), LTO Network (LTO), Enzyme (MLN), and Wrapped Bitcoin (WBTC) were introduced as new borrowable and collateral assets on Cross Margin. Additionally, new trading pairs have been launched, including FDUSD, USDC and USDT pairs in both Cross and Isolated Margin. The decision to include these assets and trading pairs underscores Binance Margin’s commitment to continuously improving user options and providing greater flexibility in…
Crypto.com, a major crypto exchange, recently spotlighted Shiba Inu (SHIB), prompting excitement in the Shiba Inu community. “Top Memecoin by Market Cap, Coin Number 2 Shibtoken (SHIB), Year Founded: 2020. SHIB was founded by an anonymous person/group called Ryoshi, named after the Shiba Inu dog,” Crypto.com posted alongside an image that contained the iconic Shiba Inu logo, its market cap worth and its price change in the last week. For the Shiba Inu community, this spotlight not only reflects the coin’s popularity but also its potential as a serious contender on the crypto market. The Shiba Inu official X handle…
In its ongoing commitment to ensuring user protection and promoting a robust trading environment, Binance, a leading cryptocurrency exchange platform, regularly conducts comprehensive reviews on all listed spot trading pairs. Binance Announces Removal of Two Spot Trading Pairs to Protect User Experience As part of this process, Binance reserves the right to delist certain spot trading pairs based on various factors such as liquidity and trading volume. Following final evaluations, Binance has decided to delist the following spot trading pairs, effective from 06:00 on March 29, 2024: GNS/BTC and XVG/TUSD It is important to note that the delisting of these…
The TON project team announced The Open League season one, during which the TON Foundation will distribute 30 million Toncoin. According to a March 20 post, TON projects will compete for a large prize, and starting on April 1, TON network users will receive rewards for their activity. The competition consists of four systems that will share a total budget of 30 million Toncoin: league, token mining, quests, and distributions, as well as increasing the liquidity pool. “Any web3 project on TON can compete to enter the Minor League; how? Show significant traction, have a cool community, win community votes,…