Author: NBTC

Polygon (MATIC) has just registered a significant new milestone, especially in relation to Bitcoin (BTC) and Ethereum (ETH). According to a simple performance stat shared on X by Polygon cofounder Mihailo Bjelic, the total number of active addresses on the layer-2 network is more than that of Bitcoin and Ethereum combined. Polygon picking small wins While it represents a unique asset class, Polygon remains one of the top digital currencies to watch out for. Amid the price drawdown recorded over the past week, Polygon has seen its total active users jump by 1.18 million in 24 hours. In comparison, Bitcoin’s…

Russia’s Finance Ministry and central bank are in talks about setting up a domestic crypto exchange, though no final decision has been made yet. As Russia explores the development of its own crypto trading platforms, driven by the need to circumvent the impact of international sanctions, the country’s top financial authorities are grappling with unresolved complexities. According to a report by state-run news agency TASS, Finance Minister Anton Siluanov confirmed the ongoing negotiations between the Ministry of Finance and the Bank of Russia. Siluanov noted that while the discussions are thorough, no definitive decision has been reached. “We are actively…

Starknet, a prominent Layer 2 scaling solution platform for Ethereum, announces a strategic collaboration with DuneAnalytics. DuneAnalytics is a leading analytical firm that makes crypto data accessible to the crypto community. This strategic integration is aimed at enhancing data accessibility and crypto insights. ZKCampus shared this exciting integration on the official X account. Starknet announced its integration to DuneAnalytics!▫️ You can view Starknet’s general data or any Dapp data on Dune.🔗https://t.co/hGbP3Wn5BW pic.twitter.com/sjyhnoMkDH — ZkCampus (@ZkCampus) August 14, 2024 Both FinTech Firms Aim to Make Crypto Data Accessible to Crypto Community This integration is of great significance for both platforms. This…

Grayscale Investments has launched the Grayscale MakerDAO Trust, marking an enhancement to its suite of crypto investment offerings. This Trust provides streamlined access to MKR, MakerDAO’s utility and governance token. Such products make it convenient for institutions to get crypto exposure without the challenges of buying and storing digital assets. Grayscale Launches New Product as Crypto Demand Grows Recognized as one of the world’s largest digital currency asset managers, Grayscale now boasts a portfolio of over 20 crypto investment products. Consequently, the firm aims to broaden investor access to the crypto market sectors. The Grayscale MakerDAO Trust specifically caters to…

Dogecoin (DOGE), the popular meme-inspired cryptocurrency, has found an unexpected use case: remittances. Venezuelan migrants are increasingly turning to DOGE to send money home due to its low transaction fees, according to a recent Bloomberg report. Venezuela’s crypto remittances accounted for 6% of its GDP in 2023. That same year, foreign remittances amounted to $5 billion, with 9% ($461 million) consisting of cryptocurrency transactions. Speaking on the development, Manuel Orozco, Director of the Migration, Remittances, and Development program, noted, “The number of Venezuelan migrants that are sending remittances has jumped 50-60%,” adding that migrants face challenges sending money through traditional…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. It’s no secret that web3 gaming has struggled to take off. However, if the web3 gaming-related sector wants to make its mark on the global entertainment market, it must focus on what makes it unique. Current trends such as tap-to-earn and other arcade-like models are far from that. You might also like: Profiling web3 gamers can help blockchain become mainstream | Opinion With blockchain technology, web3 game developers can create games designed for players with complete rights…

Binance offered derivatives trading services in Brazil without securing necessary licenses, the country’s regulator concluded. Binance will pay 9.6 million reais ($1.76 million), well over the 2 million reais the company offered to pay a year ago. Binance, the world’s largest cryptocurrency exchange, will pay 9.6 million reais ($1.76 million) to the Brazilian Securities and Exchange Commission (CVM) as a settlement for offering derivatives trading services in the country without receiving the corresponding license. “On February 15, 2024, a new proposal for a Term of Commitment was presented and, after negotiations with the Term of Commitment Committee (CTC), the applicant…

AltLayer, a prominent platform dealing with rollup technology, has started a strategic collaboration with BlockSec. The partnership focuses on letting AltLayer developers access the inclusive security services of BlockSec, guaranteeing the reliability, security, and protection of the platform’s rollups against likely threats. The platform took to its official X account to provide details about this initiative. Earlier, AltLayer announced partnership with LogX. AltLayer 🤝 @BlockSecTeamAltLayer builders can now secure their rollups using Blocksec’s trusted full-stack security services including blockchain auditing, reliable threat monitoring & blocking platform @Phalcon_xyz & their STOP solution that prevents sequencer-level hacks 🛡️ pic.twitter.com/f0ZLejxpBT — AltLayer (@alt_layer)…

Bitcoin has fallen below $65,000 to its lowest price in a month, while the recently launched zkSync token was the biggest loser in the top 100 coins by market capitalization. The total market capitalization of the entire cryptocurrency space tumbled from $2.55 trillion to $2.48 trillion, a decrease of 2.5%, according to CoinGecko. Leading cryptocurrency Bitcoin fell to $64,548 in the past 24 hours, thus recording its lowest level in the past one month. Last week, Bitcoin fell to $65,240 after longs worth $150 million were liquidated. But as of Tuesday morning, the Bitcoin price has stabilized around the $65,600…

Arbitrum, a popular Ethereum Layer 2 scaling solution, currently has around $2.7 billion in assets locked, as reported by DefiLlama. This total value locked (TVL) reflects the significant adoption and growth of decentralized finance (DeFi) protocols on the Arbitrum network. Currently, in terms of TVL, AAVE appears at the forefront as a platform with approximately 648 million USD locked in it. Top Arbitrum Protocols by Total Value LockedThe total value of assets locked in @Arbitrum $ARB is around $2.7B, according to @DefiLlama. Let’s compare the top DeFi-protocols on #Arbitrum by current TVL in USD, in order to evaluate their adoption…