Author: NBTC

Spark, a Maker SubDAO-built DeFi infrastructure, has deployed $100 million in new DAI liquidity with Morpho Blue, Morpho’s lending protocol. This move allows users to borrow Ethena’s stablecoins, USDe and sUSDe, at highly efficient leveraged positions backed by MakerDAO. Ethena’s USDe is backed 1:1 to the US dollar and collateralized with institutional custodians, including Fireblocks, Copper, Ceffu and Cobo. sUSDe is a value accruing “internet bond,” or a staked version of the USDe asset. In addition to creating new DAI markets, a DAI vault has been built on MetaMorpho, a protocol that enables vaults to be created on Morpho Blue…

Collaboration of industry leaders Stability AI, OTOY, Endeavor, and Render Network. Democratizing AI access include decentralized GPU computing for scalable AI solutions. Transparent IP tracking safeguardes artists’ rights in the age of AI. In a landmark collaboration, Stability AI, OTOY, Endeavor, and The Render Network join forces to revolutionize AI models and IP rights standards in media production. The partnership aims to develop next-generation AI workflows and provenance systems powered by decentralized GPU computing. As we head into #GTC24 , we have some exciting news to share – We are partnering with @StabilityAI @AriEmanuel @beeple to work on the future…

SBF could potentially earn enough credit to reduce his sentence by half. Sam Bankman-Fried (SBF), founder of the collapsed crypto exchange FTX, recently received a 25-year prison sentence for crypto fraud. This sentence is far less than the 40-year minimum prosecutors sought and the 110-year maximum suggested by sentencing guidelines. Legal experts said SBF might serve even less time with good behavior. James Murphy, a renowned crypto lawyer, outlined possible next steps in the SBF case. According to him, SBF’s team will appeal the conviction and sentence as part of its legal strategy. SBF has been sentenced to 25 years…

AnimeChain, announced Wednesday by the Arbitrum Foundation in conjunction with the Weeb3 Foundation and Chiru Labs, aims to be a blockchain-powered one-stop shop for anime creators and fans. The three organizations constitute the AnimeChain consortium, which says AnimeChain will provide an online anime ecosystem governed by the community. The network will include original and third-party anime content, games, merchandise, and NFTs. “As a launch partner to AnimeChain, Azuki evaluated existing Ethereum scaling solutions with the Weeb3 Foundation,” Location TBA—the pseudonymous President of Azuki—told Decrypt. “After meeting with various teams, Azuki and the Weeb3 Foundation felt that Arbitrum was the best…

Kerrisdale Capital is short MicroStrategy stock and long bitcoin. The stock’s relative attractiveness doesn’t justify paying more than double for the same coin, Kerrisdale said. MicroStrategy is no longer a unique way to gain access to bitcoin, it said. Prominent short seller Kerrisdale Capital is short MicroStrategy (MSTR) stock and long bitcoin (BTC), it said in a report made public on Thursday. “Shares of MicroStrategy have soared amid a recent rise in the price of bitcoin, but as is often the case with crypto, things have gotten carried away,” the short seller wrote. None of the reasons cited for the…

Palladium and Botanix Labs have announced the launch of a new stablecoin, PUSD, on Bitcoin’s first EVM-equivalent Layer 2 network, according to a press release sent to Bitcoin Magazine. The PUSD stablecoin, developed by Palladium Labs, boasts a unique feature of being over-collateralized by 110%, a strategic measure aimed at enhancing its resilience against potential risks inherent in DeFi infrastructure. Importantly, the stablecoin’s algorithmic monetary policy attempts to remain immune to governance changes or manipulation by administrator keys, aiming to ensure its integrity and reliability. “To realize the true value of decentralized finance, crypto needs to break free from infrastructure…

South Korea, which came to the fore with its parliamentarian’s suspicious cryptocurrency transactions, has now come to the fore with the cryptocurrency assets of senior judges. According to reports from local news agency NoCut News and Joongang Ilbo, it was revealed that some senior South Korean judges hold popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP and Solana (SOL). The information came to light after South Korea’s Supreme Court ruled that senior judges must make annual public disclosures about their financial assets to avoid potential conflicts of interest. According to the court decision, the statements that judges must provide…

RACA, one of the core cryptocurrencies on the BNB Chain, commemorates the fresh release on the network. This will help power their ecosystem and the complete BNB Chain, the latest Rollup-as-a-service (RaaS) solution for developing Layer 2 blockchains (L2s) on the BNB Chain. RaaS offers multiple dApps with the necessary technology framework for positioning selected L2s on the BNB Smart Chain (BSC), helping take the L2 ecosystem to the next level. Rollup-as-a-service is a fresh chapter in the blockchain arena. It has been created with dApps in mind, along with blockchain-oriented projects. It provides a low-cost method of developing and…

Strike has updated the limit for sending and withdrawing Bitcoin tokens. Previously, Strike set a limit on the amount users could transact either weekly or daily. However, the redesigned mechanism enables them to execute the transactions seamlessly without any limit. The objective here for Strike is to make sure that users remain in control of their holdings with full access and complete clarity. Strike has committed to making the initiation instantaneous once funds are reflected in the Strike account, although it may take some time, depending on the balance’s availability. The initiation may take a few days, depending on how…

YakDAO, breaking new ground as the inaugural recreational property DAO, is gearing up for the eagerly awaited debut of its token on the TokenFi decentralized Launchpad. Scheduled for March 28, 2024, this launch marks a pivotal moment for the platform, promising to revolutionize the way we view property investment in the digital age. A Leap Towards Investment Democracy Historically, the realm of high-yield recreational property investments was the playground of affluent investors and exclusive equity funds. YakDAO is on a mission to dismantle these barriers, offering every investor a key to this traditionally gated community. By embracing a deflationary token…