Author: NBTC

Bifrost, a leading liquid staking protocol on Polkadot (DOT) and Kusama (KSM), is introducing a new revenue-sharing model as part of its Bifrost 2.0 initiative, according to the latest information shared with Finbold on August 13. The new approach allows Bifrost token (BNC) holders to tap into the protocol’s sustainable earnings and revenue streams. Bolstering economic stability on Bifrost The shift to revenue-sharing tokenomics is expected to attract more long-term investors and engage stakeholders in the ongoing growth and development of the Bifrost ecosystem. Likewise, it aims to improve the protocol’s economic stability and resilience. Bifrost currently generates revenue from…

Prominent centralized bank SBI has announced a partnership with 21X for digital assets listing. Several banks have incorporated crypto and digital assets listing in the past months. In the last 24 hours, amid several news reports, the cryptocurrency sector witnessed the release of governmental institutions’ Bitcoin holdings data. The governmental reserves alone account for 2% of Bitcoin’s total supply. This indicates a widespread adoption of cryptocurrency in the global economy. Moreover, several banks have begun listing digital assets and allowing cryptocurrency transactions. Recently, the Singapore-based SBI DM, a subsidiary of Japan’s SBI, announced that it has partnered with a German…

Bitcoin (BTC), the first and biggest cryptocurrency, is often debated by financial experts and enthusiasts. Recently, amid ongoing discussions of BTC becoming a U.S. reserve asset, David Schwartz, Chief Technology Officer at Ripple, highlighted some unique advantages of BTC that are not always well understood. The conversation began with a question about whether the Federal Reserve should consider holding Bitcoin as a reserve asset. As a reminder, Senator Cynthia Lummis introduced a bill calling for the creation of a strategic BTC reserve in the U.S. This is supposed to reduce the national debt by purchasing one million BTC over five…

Cryptocurrency analytics firm QCP Capital has released a report highlighting significant developments in global markets triggered by massive economic measures coming out of China. According to the firm, today’s 4.15% rise in the Shanghai Composite Index (SSE) was driven by significant stimulus from the People’s Bank of China (PBoC) that marks a major turning point for markets worldwide. The PBoC’s latest moves include a 50 basis point (bps) cut in the reserve requirement ratio (RRR) to release 1 trillion yuan of credit. In addition, a 500 billion yuan funding program aimed at supporting stock market investment has sparked optimism. Global…

The growing interest in altcoin exchange-traded funds (ETFs) following the approval of Bitcoin and Ethereum ETFs has put Solana, the fifth-largest cryptocurrency by market capitalization, in the spotlight. However, securing approval for a Solana ETF faces several challenges, particularly from the US Securities and Exchange Commission (SEC). Solana must address several hurdles to move forward. How to Secure a Solana ETF The Securities and Exchange Commission (SEC) oversees the approval of ETFs in the US. The rigorous process ensures that any new financial product meets stringent regulatory standards. Nonetheless, here are the steps Solana must take to secure ETF approval:…

A South Korean court ruled in favor of Wemade CEO Park Kwan-ho, ordering the now-defunct GDAC crypto exchange to return 7.8 million WEMIX tokens, worth $7.31 million. This ruling is the latest development in the ongoing dispute between Park Kwan-ho and GDAC. The decision is a follow-up to the earlier July verdict where the Seoul Central District Court granted Park a provisional disposition, highlighting GDAC’s failure to comply. Park could not access the tokens due to GDAC’s shutdown. Court Rejects GDAC’s Claims Against Wemade CEO The court rejected GDAC’s latest challenge and ordered the trading platform to return the tokens…

The leading cryptocurrency, Bitcoin, suffered consecutive hard blows after its new ATH in March and fell to $ 53,000 levels. However, BTC, which has experienced a strong recovery in recent weeks, approached $ 70,000 after Donald Trump’s positive speech at the Bitcoin 2024 Conference. While analysts generally stated that investor sentiment changed after Trump’s support, Andre Dragosch, head of research at ETC Group, explained the rise from a more technical perspective. Stating that exactly 100 days have passed since the Bitcoin halving that took place in April, Andre Dragosch said that historical data shows that the upward effect of the…

Pump.fun has facilitated the creation of over 1.6 million meme coins, generating more than $58 million in cumulative revenue. The platform boasts 111,000 active users and offers a user-friendly interface for meme coin creation and trading without initial liquidity needs. Pump.fun ensures security with anti-scam features and uses a bonding curve model for fair pricing, enhancing its appeal in the crypto space. Pump.fun, a Solana-based platform, has emerged as a major player in the meme coin trading market. The website enables users to easily generate and exchange meme coins. Pump.fun has helped to create over 1.6 million meme coins since…

Catizen (CATI) perpetual futures are live on Coinbase International. The new tool allows for no-expiration betting on the price direction of CATI. Catizen (CATI) launched its perpetual futures market on Coinbase International. The new market will add to the existing spot and perpetual futures pairs on other major exchanges. CATI is already more active on perpetual futures markets, with Binance’s pairing reaching $296M in daily volumes. Spot trading on the exchange remains lower at $71M. Overall CATI trading volumes reached $237M in 24 hours. CATI already has an active perpetual and spot market on Binance, making up the bulk of…

The Bitcoin (BTC) price has witnessed a massive surge today. Consequently, a dormant BTC wallet was activated almost an hour ago. Crypto tracking service Whale Alert reported that this Bitcoin wallet was activated after 11.8 years. The wallet has 37 BTC, and it was worth around $476 in 2012. Based on the current Bitcoin price, it is estimated to be $2.57 million in value today. The BTC whale holding these coins has managed to net a profit of 541,265.76% in 11.8 years. 💤 A dormant address containing 37 #BTC (2,576,901 USD) has just been activated after 11.8 years (worth 476…