Author: NBTC
Multichain liquid staking protocol Stride is proposing that the dYdX community participate in securing its network through staking 20M DYDX ($67 million) from its community pool with Stride 2’s liquid staking protocol. The proposal’s purpose is to enable dYdX community members to increase the economic security of the chain and redistribute stake weight among validators. According to the proposal, the dYdX chain currently has around 115 million DYDX ($388 million) staked even though the liquid supply of the token is over 320 million DYDX ($1.08 billion). Read more: Liquid staking is now live on dYdX chain Additionally, the proposal notes…
The New Zealand financial market regulator updated its warning list on Wednesday, adding two new entities. The Financial Market Authority (FMA) warns against the activities of the fake BTCSWE and Grandeur Capital Pro. According to information provided by the FMA, BTCSWE is a legally operating cryptocurrency exchange in New Zealand. However, in recent weeks, someone has been impersonating its representatives, contacting consumers, and promising the possibility of recovering funds lost during unsuccessful investments. “Fabricated documents were supplied to help convince the victim of this individual’s identity and ability to access lost funds,” the FMA explains using the example of one…
In a surprising development, the Base Network witnessed a historic high in transaction volume on March March 29. Reportedly, the Base Network’s transactions recorded an astounding 2.275 million, with transaction volume on DEX reaching $730 million. Chinese reporter Colin Wu shared insights on the remarkable development of the Base Network via his Wu Blockchain page on X. The journalist also shed light on the increasing market value of network stablecoins, which surged by 55% to more than $1.1 billion, marking record highs. On March 29, the number of transactions on the Base network reached 2.275 million, transaction volume of DEX…
While Bitcoin, the leading cryptocurrency, has risen above $ 70,000 with its recent rise, it is moving horizontally here. Despite the horizontal movements in BTC, investors’ upward expectations continue, while popular analyst Michael van de Poppe shared his expectations for BTC and altcoins. Stating that we are close to a local peak in Bitcoin and that he expects ATH renewal between $ 75,000-80,000 before the halving, the analyst claimed that BTC will correct after the halving. Poppe added that he expects altcoins to perform better as Bitcoin corrects. “Consolidation in Bitcoin continues. I think we are near the top of…
Ethereum price is holding gains above the $3,500 zone. ETH could gain bullish momentum if it clears the $3,680 resistance zone in the near term. Ethereum retested the $3,450 and is currently moving higher. The price is trading above $3,500 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,540 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it settles above the $3,680 resistance zone. Ethereum Price Eyes Fresh Increase Ethereum price started another downside correction below the $3,550 zone. ETH…
In a groundbreaking move towards decentralized AI development, OKX Ventures has announced a strategic partnership with FLock.io. Flock.io is a pioneering platform for AI models and decentralized applications (DApps). This collaboration is a significant step forward in harnessing the potential of blockchain technology to revolutionize the AI industry. We are thrilled to announce the strategic partnership with @flock_io , a Decentralized and Permissionless Platform for AI Models and DAppshttps://t.co/gNF65SXXNF pic.twitter.com/aZsJQq1tRg — OKX Ventures (@OKX_Ventures) March 28, 2024 FLock.io Pioneers Decentralized AI Solutions and Transformative Partnerships FLock.io, a decentralized and permissionless platform, leverages the power of Federated Learning (FL) and blockchain…
Worldcoin’s team claims its activities are entirely legal and comply with current legislation in the countries where the coin is represented. In a March 18 post, the Worldcoin team admits that the project is designed to fully comply with all laws and regulations governing the collection and transfer of data. Worldcoin referred to two industry bills: the European General Data Protection Regulation (GDPR) and the Argentine Law on the Protection of Personal Data. “Worldcoin operates lawfully in all of the locations in which it is available.” The Worldcoin team The firm said it works towards full project transparency and does…
With the SEC seeking a $2 billion penalty against Ripple, Attorney Jeremy Hogan says the demand would require Ripple to sell lots of XRP and further suppress the coin’s price. Several legal experts have commented on the SEC’s recently filed opening remedies brief in the ongoing Ripple lawsuit. Attorney Jeremy Hogan is the latest to comment on the development, ushering in a new twist. Hogan Faults SEC’s $2B Demand Hogan’s emphasis was on the SEC’s plea for final judgment, in which the regulatory agency asked the court to impose a $2 billion fine against Ripple for violating federal securities law…
3A, a decentralized lending protocol, has recently announced its release on the Linea Mainnet. The company disclosed the news of the launch in its blog, announcing the major updates such as cashback pool and whitelisted collaterals. The company noted that the project will also offer the redemption fee to the owner of the vault. 3A Launches Its Lending Protocol on Linea The platform published a blog post to provide details about the project’s exclusive updates. While informing the DAO members about the respective features, the firm revealed its firm belief in the project’s future. While justifying the selection of Linea…
The price of bitcoin saw a significant fluctuation after remaining fairly consolidated over the past two days. After bulls managed to see bitcoin’s price rise to $71,754, the value dropped to a low of $68,557 per unit shortly after reaching the daily high. Liquidations Rise Following Bitcoin Price Drop Over the past 48 hours, bitcoin (BTC) has been in a consolidated pattern without much fluctuation. On Wednesday, March 27, 2024, that changed when the price spiked at around 9:15 a.m. Eastern Time and ran up to a high of $71,754 per coin. The bulls could neither hold the price in…