Author: NBTC
Bybit CEO Ben Zhou advocated for decentralized finance (DeFi) and interoperability between traditional finance and crypto during his keynote at the DACOM Singapore 2024 event. “The landscape isn’t solely defined by full decentralization or complete centralization. Rather, there exists a diverse spectrum of hybrid DeFi models,” said Zhou. He highlighted the industry’s trajectory towards interconnectedness between conventional and decentralized financial systems. Zhou also addressed misunderstandings around DeFi and its relationship with traditional finance. He highlighted crypto’s value proposition as a choice, especially where local financial infrastructure struggles. Bybit’s one of the top three crypto derivative exchanges, with almost $30 billion…
The creators of a popular Bitcoin Ordinals project called Runestone sent the original “parent” inscription—which they valued at 8 BTC, around $525,000 worth—to a wallet purported to belong to mythic Bitcoin creator Satoshi Nakamoto on Wednesday. The Runestone—Ordinals inscription 63,026,232, the largest inscription mined to date at around 4MB—was sent to the Satoshi wallet by project contributor and pseudonymous NFT historian, Leonidas. In a Twitter post, Leonidas feigned that the move was a mistake and that there was nothing he could do to get the Ordinals inscription back. But ultimately, the post was a joke that echoed an apparently very…
Amid a widespread downturn in the cryptocurrency markets this week, tokens based on artificial intelligence (AI) have nevertheless attracted billions of dollars in additional investment. In the last month, the AI-focused cryptocurrency sector has expanded by $7.54 billion, with the majority of the leading AI tokens—four out of the top five—experiencing notable gains since Feb. 20, 2024. 4 Out of the Top 5 AI Crypto Tokens Shine The cryptocurrency market focused on artificial intelligence (AI) continues its upward trajectory, with the total value of AI-based cryptocurrencies now standing at $24.9 billion. Just 30 days prior, the combined market value of…
In a rather surprising development today, Coindesk claimed that an investigation was opened against the Ethereum Foundation by state authorities. However, the name of the state that opened the investigation is not clear. The investigation was discovered after the removal of text on the Ethereum Foundation website warning that they had not been contacted by any government agency. However, there was no confirmation of the incident neither by Ethereum nor by government officials. The Ethereum Foundation, which aims to support the development of ETH as a non-profit organization, is based in Switzerland. They have no official ties to ETH, but…
Decentralized gaming startup Yield Guild Games (YGG) announced it has launched the YGG token on the Ronin network, reaching more gamers in the Web3 community. Sky Mavis and the Ronin community approved the launch of the YGG token on the network. The token went live on the Ronin network March 21. YGG said the aim is to attract more gamers and games into its ecosystem and inline with this, the YGG tokens will be airdropped to wallets staking “RON” on its YGG validator. “Onboarding the YGG token to Ronin is the next natural step in our shared journey. Welcome to…
Dune, a prominent data analysis platform, has integrated with Colorful Notion, introducing Polkadot’s (DOT) comprehensive analytics to the Dune ecosystem, according to the information shared with Finbold on March 19. This partnership marks a significant milestone in bringing Polkadot and Kusama (KSM) relay chain data to Dune for the first time. Dune users now have access to information from AssetHub for Polkadot, Astar, Bifrost, Hydradx, Interlay, and Centrifuge parachains, all within the Dune environment. Making Polkadot more accessible This collaboration not only expands the range of data available on Dune but also improves accessibility. Robert Habermeier, Polkadot co-founder and a…
Bitcoin is starting the week above $65,000 and just 6% away from the all-time high price of $69,044 it set on November 10, 2021. At the time of writing, the Bitcoin price is $65,037.24. That means the price has climbed 6% since yesterday and posted a remarkable 27% gain in just the past week, according to CoinGecko data. And if it can replicate that 6% price hike, it’ll pull level with its all-time high. The world’s oldest and largest cryptocurrency has seen $27 billion worth of trading volume today—which is already more than it saw all of yesterday. Yet another…
Netmarble, the preeminent mobile gaming company in South Korea, has just unveiled the <Meta World: My City> NFT collection, its latest foray into the realm of digital collectibles. This innovative partnership with The Sandbox, which was officially published on The Sandbox Marketplace on March 14 at 08:00 UTC, has received considerable acclaim and ensured collectors and fans alike are well-informed. Netmarble’s <Meta World: My City> follows the success of <Everybody’s Marble>, a mobile adaption of the traditional board game themed around real estate that enthralled over 200 million users internationally. This current version improves on its predecessor and even goes…
The Core Foundation announced Thursday that it has launched the Core Venture Network (CVN), a community of over 50 venture capitalists and investors supporting the development of Core Chain, a Bitcoin-secured, Ethereum Virtual Machine-compatible blockchain. The CVN announced $15 million in regional ecosystem funds for projects based in Africa, Latin America, and Southeast Asia. The $5 million Core Africa Innovation Fund was the first regional fund launched back in January. “We’ve made an effort to focus funding on the regions most dedicated to Web3 and impacted by its benefits—regions where access to decentralized finance can completely change a life’s trajectory…
Both Rep. Patrick McHenry and Sen. Cynthia Lummis said there’s a potential path for a stablecoin bill on Congress this year, though they couldn’t say when it could happen. The U.S. Senate has been trailing on the stablecoin issue, without any committee work yet on a bill. WASHINGTON, D.C. — U.S. Rep. Patrick McHenry (R-N.C.) said some of the recent chaos in Congress derailed crypto legislation for a while, but a stablecoin bill is largely worked out in the House of Representatives and just needs a scheduled floor vote. “We have a workable frame,” McHenry, the chairman of the House…