Author: NBTC
SIX-listed TONN will offer investors staking rewards without having to set up their own node. TON is the native token of The Open Network, which is the blockchain of choice for Telegram’s Web3 infrastructure. Telegram started work on TON in 2018, later abandoning it following action from the SEC. Crypto asset manager 21Shares listed an exchange-traded product (ETP) for staking toncoin (TON), the token of The Open Network, which has received endorsement of messaging app Telegram. The 21Shares Toncoin Staking ETP (TONN), which listed on Swiss SIX Exchange on Wednesday, will offer investors staking rewards without the hassle of setting…
In a significant development for the Shiba Inu token market, data from Arkham Intelligence has unveiled the emergence of a mysterious new investor. Today, an undisclosed entity made a substantial purchase, acquiring 332.665 billion SHIB tokens, totaling approximately $8.62 million at the current token price of $0.0000257. The transaction, attributed to the address “0x7976,” unfolded over the course of the last five hours in two sizable tranches. The first one, containing 320.99 billion SHIB, originated from another anonymous address, “0x1de7,” which is now empty of Shiba Inu tokens. Following this, a secondary transfer of 11.676 billion SHIB, valued at nearly…
The Russian Ministry of Finance says it wants to settle its long-standing crypto policy differences with the nation’s Central Bank. According to the media outlet RBC, Finance Minister Anton Siluanov said he was “sure” his ministry and the bank would soon “come to an agreement” on crypto regulation-related matters. Russian Central Bank Eager to Break Crypto Impasse? Speaking at an event held at a state-run financial university, Siluanov said: “I am sure that [the ministry] and the Central Bank will come to an agreement. This issue has been discussed for several years. We cannot prohibit the circulation of cryptocurrencies. Therefore,…
Crypto exchange OKX encountered a major technical glitch that led to display errors in account balances. The incident confused users, with some accounts showing zero balances while others inexplicably soared to tens of millions of dollars. The problem affected thousands of users across various regions, including Singapore, the United Kingdom, and Japan. OKX has since resolved the issue, assuring users of the platform’s integrity and the safety of their assets. A user’s message on OKX’s Telegram channel The exchange’s Rest API crashed. Representational State Transfer APIs allow developers to connect to external services and access or manipulate resources using standard…
Solana is having a moment, and it’s largely related to the frenzy of meme coin trading suddenly taking place – in tokens built around images of dogs and sloths, general ridiculousness and even the very concept of memes themselves. Users have complained and posted screenshots of transactions failing to go through. Solana Labs CEO Anatoly Yakovenko says he thinks meme coin trading is “bizarre,” though he said the episode has provided a welcome stress test for the fast-growing network. The Solana blockchain is in the midst of what some might call a renaissance, its SOL token rebounding almost entirely from…
The mainstream opinion says that crypto will change gaming forever, and GameFi will bring a billion users to Web3. But the reality is harsher; still, there is no genuinely mainstream Web3 game where users come to play, not to make money, and stay for a while. Let’s break down why this is the case and how soon that will change. Key takeaways: Play-2-Earn games are popular among users, who essentially view these games as a form of labor today, not as an entertainment. This leads to failures in the long run. The core user base of all balanced and sustainable…
Earlieer today, Robinhood’s co-founder and CEO, Vlad Tenev, appeared on CNBC’s ‘Squawk Box’ to unveil the company’s first credit card alongside a redesigned brokerage app, aiming to expand Robinhood’s financial services. Tenev expressed his vision for Robinhood to become a central hub for its customers’ financial transactions and asset custody, highlighting the credit card as a step towards realizing this vision. Robinhood is a financial services company that revolutionized the investment landscape by offering commission-free trading of stocks, ETFs, options, and cryptocurrencies. Their user-friendly mobile app made investing accessible to a younger generation of traders, disrupting the traditional brokerage model.…
There was a brief period where the movie theater and gold mining conglomerate AMC participated in the then-trendy NFT market, releasing several different collections tied in with various movies or the concept of stock ownership. Twelve collections were initially released over 306 days, however, it’s been 527 days since the last one listed on the AMC website’s NFT page was released. Back in this heady era, AMC proudly mentioned NFTs in its financial filings, and even claimed that it would “continue to implement innovative NFT offers to further engage and build loyalty with our guests.” The first NFT launch —…
In a significant stride towards a decentralized future, Zeta Markets, known for its cutting-edge onchain trading protocol, has announced the launch of its new initiative aimed at transitioning into a community-driven protocol. This move is underscored by the platform’s impressive achievement of nearly $3 billion in cumulative trading volume and a burgeoning community of over 70,000 monthly active traders. At the heart of Zeta Markets is the Z-Score, a unique metric designed to reward traders based on their activity. The introduction of Z-Passes has further enhanced this system, allowing traders to amplify their rewards during competitive trading seasons. This gamified…
Terraform Labs co-founder Do Kwon was released from prison in Montenegro on Saturday as the Supreme Court deliberates on extradition requests from the U.S. and South Korea, according to a Bloomberg report citing prison officials. Kwon’s recent ruling mandating his extradition to South Korea is being challenged by Montenegro’s top prosecutor. Last week it emerged theSupreme State Prosecutor’s Office in Montenegro is escalating the case to the Supreme Court for review claiming errors were made. Do Kwon was arrested in Montenegro in March 2023 after being caught using a fake Costa Rican passport traveling to Dubai, United Arab Emirates. “We…