Author: NBTC
Solana has been dominating the Layer 1 blockchain market for some time now, distinguished by its lightning-fast transaction speeds and burgeoning ecosystem. —As of late March 2024, the decentralized exchanges (DEXs) built on Solana have seen an unprecedented influx of activity, with over $50 billion in trading volume this month alone. This figure not only sets a new monthly record since the blockchain’s inception but also signifies a remarkable 126% increase from the previous month’s $28.62 billion.Solana Reaching ATH in DEX Trading VolumeAccording to the data analytics platform DeFiLlama, over $50 billion worth of digital assets were traded on Solana…
On April 3, 2024, ZachXBT revealed that Kyle raised alarm bells in his Discord server, claiming his wallets had fallen victim to a hack. The prominent blockchain investigator’s findings instead strongly suggested a deliberate transfer of funds rather than an external hack. Kyle Accused of Faking Hack While investigating an alleged hack involving a “social gamer,” Kyle, and a less-known NFT project called ‘NuddiesNFT,’ ZachXBT found a disturbing narrative of lies and deception. However, the popular on-chain sleuth uncovered a different story. Within hours of the purported hack, 94 SOL tokens worth around $12,000 were traced to an exchange deposit…
Faruk Fatih Ozer, the ex-CEO of the now-defunct Turkish cryptocurrency exchange Thodex, has been handed a staggering prison term for defrauding investors. Ozer’s conviction has come after a prolonged legal battle stemming from the collapse of Thodex in 2021, during which he absconded with millions of dollars worth of investors’ assets. Ozer, who fled to Albania following the collapse of Thodex, was recently extradited back to Turkey to face charges related to money laundering, fraud, and organized crime. In a ruling that sent shockwaves through Turkey’s financial and cryptocurrency sectors, a Turkish court sentenced Ozer to an astonishing 11,196 years…
ARP Digital received a category-3 license from Bahrain Central Bank. This marks the only over-the-counter (OTC) service provider with the license in the country that specializes in digital asset structure products. Structured products have seen a “huge spike” in demand from institutional investors after the U.S. Securities and Exchange Commission’s approval earlier this year of spot bitcoin ETFs. Digital asset services firm ARP Digital, which boasts a former Goldman Sachs partner as one of its co-founders, received a license from the Central Bank of Bahrain to operate in the Middle Eastern country, providing services including crypto trading, custody, and portfolio…
Bitcoin Cash (BCH) has successfully implemented the CHIP-2023-04 Adaptive Blocksize Limit Algorithm on chipnet, addressing an economic vulnerability dating back to 2010. This update automatically adjusts the block size limit of BCH, optimizing infrastructure costs during varying network usage levels. While the Bitcoin community is eagerly awaiting the upcoming halving event, the first hardfork version of Bitcoin Cash (BCH) is also gearing up for a major update. The May 2024 upgrade for Bitcoin Cash (BCH), known as CHIP-2023-04 Adaptive Blocksize Limit Algorithm, has been successfully activated on chipnet at block number 174519. This upgrade addresses an economic vulnerability introduced in…
Picasso Network, a decentralized restaking and interoperability hub, has recently started a collaboration with Osmosis (a cross-chain DeFi hub). As per the company, it has started an integration between Ethereum and Inter-Blockchain Communication Protocol to enable safe cross-chain interoperability. In a blog post, Picasso noted that the Ethereum-IBC integration ensures matchless data and asset transfer between Cosmos and Ethereum. 🎨🤝🧪 Ethereum IBC Liquidity Hub:@osmosiszone has been selected as the primary liquidity and DeFi hub for @Ethereum assets on @Cosmos through the launch of Ethereum IBC, powered by Picasso.Discover all the details in our latest blog 👇https://t.co/yERJjob7zE — Picasso 🎨 (@Picasso_Network)…
Over the last year, Bitcoin Ordinals have taken the digital collectible world by storm, and they’ve now garnered the attention of financial titan Franklin Templeton. The digital assets division of the global investment firm today featured the rise of Ordinal inscriptions in a new prospectus. “In the past year, Bitcoin innovation and development has seen a renaissance in activity,” Franklin Templeton Digital Assets wrote. “Positive momentum in innovations is primarily driven through Bitcoin NFTs, known as Ordinals, new fungible token starts such as BRC-20 and Runes, Bitcoin Layer 2s, and other Bitcoin DeFi primitives.” The firm recapped the acceleration in…
The US shows the most interest in the AI-related tokens narrative in 2024, capturing almost 19% share of global interest. According to CoinGecko’s “15 Countries Leading AI Crypto Narrative in 2024” report, the UK comes second with a 9% stake in interest, followed by Türkiye at 6.5%. The report also highlights that those countries spearheaded the meme coin frenzy in 2023. India, Australia, Canada, and the Philippines have also been consistent in their crypto narrative leadership, mirroring their positions from the meme coin trend. Their responsiveness to market narratives is evident in their rankings. In Southeast Asia, the AI-themed tokens…
Nigeria’s federal government is “working with” the International Criminal Police Organization (Interpol) with a view to extraditing a Binance executive who escaped detention in the country, according to reports in local media. According to a government source quoted in local publication Punch, Nigeria’s Economic Financial Crimes Commission (EFCC) is “partnering” with INTERPOL, the FBI and the British and Kenyan governments to secure Anjarwalla’s arrest and extradition. A second unnamed source stated that the extradition aimed to bring Anjarwalla back to Nigeria to “answer to his money laundering case in court,” after the executive escaped detention and fled the country last…
Prominent Bitcoin (BTC) advocate and MicroStrategy Inc. chair Michael Saylor shared a chart on Saturday, March 23 comparing Bitcoin’s performance with traditional assets like the S&P 500, Nasdaq, gold, silver, and bonds. Saylor took it as an opportunity to assert Bitcoin’s supremacy in the investment landscape. According to the chart, Bitcoin has grown 432% in that time, compared to 56% for the S&P 500 and 50% for Nasdaq. Conversely, silver and bonds have performed dismally, losing 13% and 19% of their value, respectively, while gold registered a modest 7% gain. #Bitcoin is Winning. pic.twitter.com/3ESQRHKEDa — Michael Saylor⚡️ (@saylor) March 23,…