Author: NBTC

The Polygon revealed more information about the awaited rebrand of MATIC coins to POL tokens. Their crypto project confirmed that mainnet upgrade will happen on 4 September 2024. POL will initially serve as the staking and gas coin in the Polygon network, replacing MATIC. Community reaction will determine whether the blockchain will increase the new token’s utility to Polygon’s AggLayer (aggregation layer). The updates triggered increased activity in Polygon. For instance, on-chain stats show daily active addresses have climbed to yearly highs. Such sentiments saw projects in its ecosystem, including Potcoin (POT), recording notable actions. Potcoin is a crypto operating…

The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…

Vocal Bitcoin advocate and chief executive of BTC company JAN3 Samson Mow has made an important BTC call, addressing the governments of various countries. Mow warned them about the growing importance of the world’s flagship cryptocurrency. Mow warns global governments Samson Mow commented on the current state of economies in various countries, including, it seems, the United States. Mow once again touched on the subject of fiat money and its inability to support a healthy economy. He tweeted that it is impossible to fix the economy “because the money is broken.” His recommendation is that they must “fix the money…

The DeFi realm keeps on rising, displaying a resilient investor trust. The top DeFi projects this week based on total value locked take into account LIDO, Aave V3, EigenLayer, Maker DAO, and Rocket Pool. The data discloses that the respective projects have several factors responsible for their progress including market cap and price. LIDO Rules the DeFi Market with a Massive TVL LIDO has once again secured the top position in the case of total value locked. According to the statistics, the DeFi project possesses a TVL of up to $32.11 billion. The respective amount indicates a decrease of 5.51%…

Value DEX has officially launched on the BNB Chain. It marks its entry as a new decentralized exchange (DEX) on the Binance Smart Chain (BSC). The launch occurred just a few hours ago, expanding the options available for token trading on the BNB Chain. Value DEX to Expand Token Support Beyond BNB Chain The DEX aggregator supports only those tokens that are launched on the BNB Chain, but this is set to change in the future. This is especially important for investors and stakeholders for the sustainable growth and development of Value DEX within the DeFi ecosystem. Attracting the audience…

Robonomics announced it will be integrating the Polkadot Relay Chain on September 25. Polkadot experienced significant price volatility but DOT was unable to break through the $6.50 resistance level. Robonomics, a major player in the web3 cloud for IoT, announced its potential integration to the Polkadot Relay Chain on September 25th. Boasting over 2 successful years on the Kusama Network, this significant integration will mark a pivotal moment for the Web 3 giant. After the integration, Robonomics will be able to utilize Polkadot’s robust security and scalability. Greetings @Polkadot! 🖖🤖 Robonomics has won the Parachain slot auction #75 and will…

Bitcoin slipped below $60,000 for the first time since late June, wiping out $8.4 million worth of long contracts in just the past hour, according to Coinglass. The pain is being felt by Ethereum derivatives traders, as well. Roughly $8.8 million worth of long ETH contracts have been wiped out in the past hour. Long contracts are essentially bets that the price of an underlying asset, like Bitcoin or Ethereum, will increase. Conversely, traders use short contracts to bet the price of an underlying asset will fall. If the gap between a contract’s target price and the spot price gets…

Increased transactional activity on Solana-based applications and a surge in the total value locked (TVL) on the network have contributed to Solana’s recent outperformance. Expectations of a possible exchange-traded fund (ETF) product and easing regulatory policies under a potentially crypto-friendly Trump administration have further boosted Solana’s appeal among investors. Increased transactional activity and booming expectations of a possible exchange-traded fund (ETF) product may have contributed to Solana’s recent outperformance, several market observers told CoinDesk. Solana’s SOL tokens have gained over 18% in the past week, outpacing larger cryptocurrencies bitcoin (BTC) and ether (ETH), to trade over $180 early Monday, setting…

Kamala Harris’ improbable ascent to presumptive Democratic presidential nominee has already flipped the script on how November’s election will impact crypto policy. For months, it appeared that former president Donald Trump had become the pro-crypto candidate, while President Joe Biden obstinately refused to embrace bipartisan pushes for industry-related legislation. But now, all bets are off. Within 48 hours of launching her campaign, Harris’ camp reached out to billionaire and prominent Bitcoin advocate Mark Cuban with multiple questions about crypto policy, as he told Decrypt. And industry lobbying groups, cautiously optimistic that change could come, have implored Harris to explicitly release…

While the cryptocurrency market has recorded significant growth all over the world, the crypto market in Turkey has also experienced significant growth in recent years. According to a study by Kaiko, more than half of the country’s population invests in crypto. The research results revealed that the increase in cryptocurrency investments was largely driven by macroeconomic factors such as high inflation, currency devaluation, and a young and largely unbanked population. The research also stated that Turkish Lira (TRY) is the fourth most used fiat currency in the crypto market, while stablecoins and memecoins emerged as the favorites of Turkish investors,…