Author: NBTC
KyberSwap, a DEX (decentralized exchange) aggregator, has integrated a cross-chain liquidity aggregation solution from Symbiosis Finance, a multichain liquidity protocol. Symbiosis disclosed the strategic partnership via its social media account. This integration will enable KyberSwap to facilitate seamless asset swaps across major EVM networks, providing better prices for its users. Functioning as a multi-chain DEX aggregator, KyberSwap allows people to efficiently execute transactions on over 14 EVM chains, including BNB Chain, Avalanche, Ethereum, Optimism, Polygon, and many more. By using its native Dynamic Trade Routing technology that aggregates liquidity from more than 70 DEXs, KyberSwap enables traders to access the…
Artificial intelligence (AI) is increasingly spreading across different sectors like in finance and healthcare, where transparency and reliability are critical. Current centralized AI systems face criticism for their lack of data traceability and the opacity of their models. Michael Heinrich, the Chief Executive Officer (CEO) at 0G Labs, is set to solve these problems by building a decentralized AI infrastructure. He is interested in connecting the data about training on-chain with cryptographic evidence to make it transparent and avoid misinformation. 0G envisions a future where decentralized AI powers abundance, transparency, and fairness. By anchoring data on-chain and democratizing compute, 0G’s…
The cryptocurrency world is buzzing with news as an address reportedly linked to Nasdaq-listed Sharplink Gaming (SBET) has significantly expanded its Ethereum (ETH) holdings. This latest move saw the acquisition of an additional 19,271 ETH, valued at a staggering $80.37 million. This substantial Sharplink Gaming ETH purchase, reported by Onchain Lens approximately seven hours ago, solidifies the company’s position as a major player in the digital asset space. This recent transaction brings Sharplink Gaming‘s total Ethereum reserves to an impressive 859,395 ETH, now worth an astounding $3.58 billion. Such strategic Sharplink Gaming ETH investments by a publicly traded company highlight…
The California Department of Financial Protection and Innovation (DFPI) has fined Bitcoin ATM operator Coinhub $675,000 for overcharging customers, the regulator announced on Friday. The fine includes $105,000 paid as restitution to California consumers that were charged more than the allowed maximum fee and charges for crypto ATM use. “Crypto kiosk operators in California are on notice that we intend to root out bad actors and scammers who put consumers’ hard-earned money at risk,” said DFPI Commissioner KC Mohseni, in a statement. “We welcome legitimate operators in this industry, however, DFPI will not tolerate those who flout the law and…
YouTube has started what some consider to be a direct attack on blockchain gaming videos. This has raised concerns within the blockchain gaming community that it could potentially limit the availability of content that promotes or discusses decentralized gaming ecosystems. The decision comes after YouTube announced new restrictions on content that promotes gambling involving digital goods, including NFTs and in-game items. According to the new update, YouTube expanded its ban on content that directs viewers to online gambling services not certified by Google. It now covers any online gambling using digital items with real monetary value. In particular, the new…
Crypto-friendly banks Custodia Bank and Vantage Bank have launched a turnkey blockchain solution allowing traditional banks to issue tokenized deposits that will work with stablecoins. The solution enables banks to leverage blockchain’s near-instant, low-cost transactions in an interoperable manner with other banks while being able to retain customer deposits, the two banks said in a statement on Thursday. “The patent-protected framework is designed to provide institutions and their customers with the efficiencies and security of tokenization while safeguarding core deposits from the risk of disintermediation.” Source: Caitlin Long Tokenized deposits are digital versions of bank deposits issued on a blockchain,…
UBS said it completed the first on-chain redemption of a tokenized fund using Chainlink’s Digital Transfer Agent (DTA) in a live transaction that underscores how blockchain infrastructure is starting to interface with the $100 trillion global fund industry. The transaction involved the tokenized money market fund UBS USD Money Market Investment Fund Token (uMINT) built on Ethereum. DigiFT served as the onchain distributor, settling the redemption using Chainlink’s DTA standard. UBS’ internal systems initiated the process, which Chainlink’s infrastructure then executed, according to a press release shared with CoinDesk. “This transaction represents a key milestone in how smart contract-based technologies…
U.S. spot Ethereum ETFs recorded their second consecutive week of outflows, with around $555 million exiting the funds over the two-week period. Summary Spot Ether ETFs registered two consecutive weeks of outflows for the first time since April. Ether price breached past $4.2K resistance today and analysts now predict much higher gains over the coming weeks. According to data from SoSoValue, the nine Ether ETFs experienced their second consecutive week of outflows in the week dated Oct. 20-Oct. 24, which saw around $243.91 million withdrawn by investors. Fidelity’s FETH led the weekly outflows with $95.2 million in redemptions, while BlackRock’s…
The U.S. central bank seems almost certain to cut interest rates on Wednesday but it’s unclear whether bankers will end quantitative tightening (QT) and what its impact might be on crypto markets, analysts told Decrypt. QT is when the Federal Reserve reduces the amount of money in the financial system by letting its bond holdings shrink—pulling cash out of circulation to cool the economy and fight inflation. It’s the opposite of quantitative easing (QE), when the Fed pumps money in by buying bonds. Crypto traders mock quantitative easing by referring to the Fed’s money printer going brr as it prints…
Global regulators are discussing possible adjustments to the rules on banks’ cryptocurrency holdings. This talk follows the increased adoption of stablecoins, triggering a US-driven response against the current regulations. The new changes are set to take effect next year. Regarding the initial regulations, sources pointed out that the Basel Committee on Banking Supervision established these standards in late 2022. According to the perspective of senior finance officials, banks viewed these rules as barriers to crypto exposure because they require considerable capital for such assets. Since then, the outlook on cryptocurrency has undergone a drastic change. In the present day, what…