Author: NBTC

Japan-based electronic commerce DMM Group and Progmat have begun a joint exploration into issuing a stablecoin. DMM.com, along with its affiliate DMM Crypto, is collaborating with Progmat to explore the issuance of a stablecoin. According to DMM’s press release on Aug. 23, the planned stablecoin will initially be integrated into the Seamoon Protocol, DMM Group’s digital economy project. The goal is to stabilize the Seamoon Protocol’s value, expand its token economy, and ultimately enhance the value of its native token. The rollout of the stablecoin will occur in three phases. First, the stablecoin will stabilize the Seamoon Protocol’s value. Second,…

Cross-chain swaps are getting a boost with the latest version of Squid, launched today. Squid 2.0 introduces a new architecture that abstracts away chains to simplify even complex transaction flows with multiple hops. The update includes performance and cost improvements, and expands Squid 2.0’s functionality into new areas such as 1:1 stablecoin transfers, real-world asset (RWA) transactions and advanced routing. This new approach goes far beyond finding the most efficient bridge routes, according to Fig, Squid’s co-founder. “We are a bridging tool in a certain way, but we think that we can change the way that swaps are also done,”…

On August 4, 2024, both Bitcoin (BTC) and the S&P 500 experienced a significant drop, with Bitcoin falling by 7.5% and the S&P 500 by 3%. This comes amidst mounting recession fears and notable market volatility. On August 2, $2.9 trillion vanished from the stock markets, marking the worst day of trading since the COVID-19 crash in 2020. The crypto markets were also heavily impacted, with Bitcoin dropping by 18%, Ethereum (ETH) by 27%, and more than $381.26 million in futures positions liquidated in 24 hours. The Fear & Greed Index has now shifted dramatically from greed last week (67)…

Crypto is a man’s game? Not quite, according to a new report. In fact, women are just as likely to “HODL” as men are. That’s what New York-based crypto exchange Gemini said in a new survey of 6,000 people. Their report, “2024 Global State of Crypto,” found that while a gender gap in crypto still exists—with male investors on the whole outnumbering female ones—the number of people who bought digital assets and sat on them is the same between the two sexes. In the crypto world, to “HODL”—a misspelling of “hold” often said to stand for “hold on for dear…

Multiple anonymous XRP transfers have been detected on-chain as the XRP community remains stunned. Moreover, the timing of these transactions is crucial as XRP is currently aiming to kick start a huge price rally. Many analysts have been expecting an upward move from the coin. On-chain tracking service Whale Alert has shared details about these latest XRP transactions. In the first transfer, more than 102 million XRP were transferred from an unknown crypto wallet to another unknown new wallet. This transaction was worth around $61 million as the current XRP price. In the second transfer, another XRP whale moved over…

During TOKEN2049, Airmoney will introduce the AirMoney Degn Device, a web3 hardware solution made specifically for DePIN. Beyond what a traditional hardware wallet can do, the device lets users engage with web3 protocols via a secure DePIN (Decentralized Physical Infrastructure Network) architecture. With AirMoney, users can do more than just storage unlike in a typical wallet—they can operate nodes, earn tokens via Proof of Activity, trading, staking, and gaming on a completely decentralized, standalone device. Every device has a Node that users may turn on after it’s set up in order to connect to the network, begin operating, and begin…

During the recent Bitcoin price dip, wallets holding between 1,000 and 10,000 BTC displayed notable confidence. According to data from IntoTheBlock, a platform known for its advanced DeFi tools and market intelligence, these larger holders increased their Bitcoin holdings as prices fell. This suggests that they viewed the lower prices as a buying opportunity. It demonstrates a long-term positive outlook on Bitcoin. Wallets holding between 1,000 and 10,000 BTC demonstrated confidence during the recent dip, consistently increasing their holdings as prices fell.On the other hand, wallets with less than 1 BTC showed weak hands, with the most substantial decrease in…

Coinbase is rolling out cbBTC — Coinbase Wrapped BTC — an ERC20 token backed 1:1 by Bitcoin, which Coinbase holds. According to a press release shared with crypto.news, the cbBTC token is now available on Base and Ethereum (ETH). Wrapped Bitcoin is a tokenized version of Bitcoin (BTC) that runs on Ethereum or other blockchains, giving BTC holders access to DeFi applications. Coinbase’s cbBTC is the latest addition to the wrapped asset category, following the likes of WBTC (WBTC). In August, Coinbase posted a cryptic tweet about a new wrapped Bitcoin product. The news was announced on Coinbase’s official X…

Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter. Welcome to the On the Margin Newsletter, brought to you by Ben Strack and Casey Wagner. Here’s what you’ll find in today’s edition: The last big inflation print ahead of the Fed’s interest rate decision is in. After no crypto chatter during last night’s debate, one exec says “we shouldn’t pin all our hopes on politics.” The newest US-licensed SPBD said it will list its own stock as a digital asset security first. CPI shows…

On Tuesday, August 20, Tether Treasury minted $1.0 billion in USDT on the TRON network. It marks a notable event in the stablecoin market, according to CryptoQuant. This action is part of a larger trend, as it represents the 18th time in the past year that Tether has minted exactly $1.0 billion USDT on TRON. New $1.0B USDT created on the TRON Network”On Tuesday, August 20th, Tether Treasury minted $1.0 billion USDT on the TRON network, highlighting a growing demand for stablecoins in the crypto space.This action is not an isolated incident. It’s already the 18th time in the past……