Author: NBTC

Superstate, an asset management firm, integrated Chainlink’s infrastructure into its Superstate Short Duration US Government Securities Fund (USTB). This strategic partnership is designed to enhance the transparency and utility of USTB, a tokenized treasury fund, according to a press release shared with BSCN. Robert Leshner, CEO and Co-founder of Superstate, emphasized the importance of reliable on-chain data for the tokenized asset market. He stated: “Asset tokenization enhances efficiency, programmability, and transparency but requires reliable on-chain data to unlock DeFi and automation use cases. Our integration with Chainlink ensures transparent data for our investors, allowing us to focus more on our…

Bitcoin’s drop below $65,000 was clearly unexpected, and the reasons behind it were quite shady and determining what exactly caused it is complicated. However, we might have an answer. Recently, cryptocurrency hedge funds have completely given up on Bitcoin. Throughout the previous 20 trading days, they have decreased their exposure to the BTC market to just 0.37. This is the lowest level since October 2020. The charts show the price trend of Bitcoin from 2019 to 2024, emphasizing notable highs and lows. Hedge funds’ reduced exposure to Bitcoin offers an important reason for the recent steep decline in the cryptocurrency.…

Bittensor’s subnet achievement by Masa introduces the first dual-token incentive structure in the network. The AI sector’s growth in crypto is attracting significant interest and investment, predicting substantial future valuation increases. As July progresses, the spotlight shifts to the AI industry, with a particular focus on Bittensor. In a recent tweet, DCG Vice President Evan Malanga congratulated Masa, a decentralized AI network, on the successful launch of their Bittensor subnet on the testnet. This milestone is expected to bring over 1.5 million users to Masa and introduce the subnet’s first dual-token incentive structure. Congratulations to @DCGco portfolio company @getmasafi on…

Hong Kong could be set to introduce enhanced digital asset regulations within the next 18 months, according to a Legislative Council member. The move would be part of the jurisdiction’s push to become a global hub for financial technology. “The digital asset industry has made significant progress in the past few years, but we are still in a very early stage,” said David Chiu, a member of the Legislative Council of the Hong Kong Special Administrative Region, before outlining the city’s strategic plans to attract tech talent, build supportive infrastructure and establish robust supervision. Speaking at the third annual Foresight…

Jupiter DEX is facing increasing scrutiny as users have observed a nearly 50% transaction failure rate, prompting concerns and questions about the platform’s performance. Many are looking for explanations and wondering what measures are being taken to address this issue. In this article, the situation will be explored in detail, examining the factors contributing to the high failure rate and what actions are being taken to improve the user experience on the platform. Table of Contents High failure rate: causes and concerns Increased slippage tolerance is a risky solution How front-running works on smart contract blockchain networks Throughput limitations and…

Symbiotic, a restaking protocol on Ethereum, has announced that its devnet is now live as it moves closer to the mainnet launch. The platform’s devnet comes just months after the decentralized finance platform on Ethereum (ETH) launched in stealth and is a key step towards the mainnet deployment expected in the third quarter of 2024. “With this devnet release, Symbiotic is one step closer to its full immutable mainnet deployment in Q3 2024, pending five independent full-scope audits from industry-leading security firms (Statemind, ChainSecurity, Zellic, OtterSec, and Certora)” the Symbiotic team said in an announcement on Aug. 12. Paradigm and…

As of June 19, 2024, bitcoin’s price is $65,283, fluctuating within an intraday range of $64,149 to $65,633. On Wednesday, the leading cryptocurrency saw a trade volume of around $31.28 billion, with a market capitalization of $1.28 trillion. Bitcoin Bitcoin’s oscillators reflect mixed sentiment. The relative strength index (RSI) is at 41, suggesting neutrality. Similarly, the Stochastic oscillator remains neutral at 17, while the commodity channel index (CCI) indicates a bullish phase with a value of -124. However, the momentum indicator at -4397 and the moving average convergence divergence (MACD) level at -454 both suggest a sell, highlighting underlying bearish…

Tokenize.it introduces the first Security Token Offering (STO) with BWALA Tokens, facilitating Bitwala’s crowdfunding on their platform. The platform offers enhanced process efficiency and legal optimizations for STOs tailored to German regulations. A New Era in Startup Financing: The Tokenize.it and Bitwala Partnership Tokenize.it GmbH, a pioneering force in the blockchain space, has officially announced the launch of the first Security Token Offering through crowdfunding, marking a significant innovation in financial strategies for startups. Bitwala, a frontrunner in embracing this novel approach, is the initial company to launch its crowdfunding efforts for the BWALA tokens through Tokenize.it’s platform, aiming to…

Chris Dolmetsch, Bloomberg’s legal reporter, recently opined that the Ripple case could bode well for the broader cryptocurrency industry. Elliott Stein, senior litigation analyst, believes that the recent court ruling could potentially help Coinbase, the largest US cryptocurrency exchange, in its own battle against the SEC. The SEC took Coinbase to court last June, accusing the exchange giant of operating as an unregistered broker and clearing agency. Coinbase’s motion to dismiss the lawsuit was rejected in June in a major blow to the exchange. Stuart Alderoty, Ripple’s chief legal officer, slammed the SEC’s arguments in the Coinbase case after the…

The leading cryptocurrency exchange, Binance, has announced Toncoin as the next project featured on their Binance Launchpool staking platform. The exchange has also introduced a new feature called Binance Super Earn, which allows stakers to earn a special APR for a limited time. Until September 3, you can earn Toncoin (TON) tokens on Binance simply by staking your TON, BNB, or the FDUSD stablecoin. You can withdraw the coins you’ve staked at any time and keep the TON token rewards. You can earn TON on Binance Launchpool between August 15 and September 3. The amount of token rewards you earn…