Author: NBTC

Stakin, a prominent platform that offers services concerning non-custodial staking and Web3 infrastructure, has announced a new collaboration. This partnership between Stakin and Stroom Network focuses on enhancing solutions concerning BTC liquid staking in terms of scalability and security. Stakin took to its official social media account on X to provide the details of this endeavor. We’re thrilled to announce our partnership with @StroomNetwork⚡️ We will be providing infrastructure services to secure the network.Stroom is bringing innovative Bitcoin liquid staking solutions to the Web3 community, and we’re proud to be part of this journey with them. https://t.co/2idiFSqsB2 — Stakin (@StakinOfficial)…

Ripio announced a DeFi credit card in partnership with Visa, with which it introduced a prepaid debit card in 2022. Users will be allowed to use up to 30% of the amount locked in a Compound-based liquidity pool with several cryptocurrencies, including bitcoin and ether. Latin American cryptocurrency exchange Ripio is testing a blockchain-linked Visa credit card that allows users to make payments with part of funds locked in a DeFi liquidity pool, CEO Sebastian Serrano said Thursday. Ripio users will be able to make purchases using up to 30% of the amount locked in a Compound-based liquidity pool that…

XRP witnesses significant trading volume on cash markets, with over 85 billion tokens traded by market participants every month. Recall that American derivatives firm Bitnomial recently unveiled its plans to launch XRP/USD Futures contracts. This move has been described as a crucial step toward the potential future launch of a spot XRP ETF by an asset manager in the United States. However, amid the excitement, Australian-based pro-crypto attorney Bill Morgan highlighted some important data from Bitnomial’s submission to the Commodity Futures Trading Commission (CFTC), including XRP’s impressive monthly trading volume. XRP Trade Volume One of the most striking details revealed…

The US government is urging Nigeria to release an employee of the world’s largest crypto exchange Binance who was arrested in February and has faced worsening health conditions in prison, according to two US State Department officials. US Secretary of State Antony Blinken raised the issue directly with his Nigerian counterpart in May, as confirmed by the officials. US diplomats, including the ambassador to Nigeria, have since held private discussions with several top Nigerian officials, including the country’s president, finance minister, attorney general, and trade minister, advocating for the employee’s release. The detained employee, Mr. Gambaryan, 40, has reportedly endured…

Zug, Switzerland — DIA, the open oracle network, is proud to announce its latest innovation, ‘Lumina’. Slated for an upcoming testnet launch, Lumina aims to address the ongoing challenge of achieving truly decentralized and trustless data infrastructure for Web3. This groundbreaking design is set to redefine oracle technology while expanding the utility of DIA’s native token, $DIA.—Lumina is built on a modular framework, enhancing oracle functions from data sourcing to delivery. At the heart of this system is DIA’s native L2 rollup, ‘Lasernet’, which capitalizes on recent advancements in Ethereum scaling technology.The modular approach rethinks trust assumptions at every stage…

UTONIC, a pioneering multi-instrument solution for TON restaking, shared the details of its first major TVL milestone. UTONIC introduces previously unseen designs for the TON ecosystem and unlocks more powerful yield opportunities. TON’s first restaking solution, UTONIC, hits $100 million in TVL UTONIC, TON’s flagship restaking solution, has secured commitments of $100 million in TVL from notable investors, validators and institutions. The protocol empowers users to repurpose their staked TON, extending the blockchain’s security to additional applications. UTONIC will provide several methods to participate in TON restaking:🏦Native Restaking: Depositing TON into UTONIC smart contracts, those TON will be used in…

State Street Global Advisors and Galaxy Asset Management have introduced three new crypto-focused exchange-traded funds (ETFs), despite recent heavy outflows from similar investment products. Newly launched ETFs will start trading on Tuesday, according to a statement. Galaxy, State Street Introduce 3 Crypto ETFs State Street Global Advisors and Galaxy Asset Management have launched three new ETFs — SPDR Galaxy Digital Asset Ecosystem ETF (DECO), SPDR Galaxy Hedged Digital Asset Ecosystem ETF (HECO), and SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) — aimed at giving investors exposure to the blockchain industry while managing volatility. Instead of holding cryptocurrencies directly, these new…

Phoenix Group, a popular crypto analytics firm, disclosed the list of prominent DAO projects in terms of social activity on August 22. Phoenix’s list of top DAO projects based on social activity takes into account several well-known players among which $AAVE, $UNI, $APE, $MKR, and $LDO are also included. The analytics company shared the respective list on its official social media account on X. TOP #DAO PROJECTS BY SOCIAL ACTIVITY$TAO $ICP $ARB $RARE $UNI $AAVE $CRV $APE $LDO $MKR pic.twitter.com/dleKJPOjN3 — PHOENIX – Crypto News & Analytics (@pnxgrp) August 22, 2024 $TAO Dominates the DAO Industry in line with the…

A new crypto bill on Capitol Hill seeks to share oversight powers between the SEC and CFTC, two regulatory juggernauts. Introduced by U.S. Representative John Rose of Tennessee, the Bridging Regulation and Innovation for Digital Global and Electronic Digital Assets would establish a Joint Advisory Committee focused on cryptocurrencies. This collaborative effort would enlist knowledge and expertise from both the Securities and Exchange Commission and the Commodity Futures Trading Commission. According to Rep. Rose, the current “heavy-handed” regulation-by-enforcement style has proved ineffective. Rather than tussle for oversight, the SEC and CFTC should cooperate with private actors to build a digital…

Newer platforms are being developed to offer essential liquidity pool data for the growing DeFi market. Every site provides different ways of data collecting – from API-based analytics to user-generated queries. It is also important to note that the issue of data quality remains a significant concern, due to the nature of the cryptocurrency market. As the DeFi space continues to develop at the speed of light new research has shown that the availability of accurate and timely data on liquidity pools is of paramount importance. In this regard, given the DeFi ecosystem development, investors and analysts are increasingly using…