Author: NBTC

Botanix Labs has partnered with Ankr and Asphere to develop Spiderchain, a new Layer 2 (L2) solution for Bitcoin. This collaboration aims to enhance accessibility, scalability, and reliability for Bitcoin builders and users within the Spiderchain ecosystem. 🚀 We are excited to share that Ankr & Asphere have teamed up with @BotanixLabs to play a pivotal role in creating the Spiderchain L2!The Spiderchain is a groundbreaking project bringing smart contracts to the Bitcoin network!Let’s get in to the details 🧵 pic.twitter.com/IV1xxZ1CAd — Ankr (@ankr) July 18, 2024 Botanix Labs is pioneering infrastructure to transform Bitcoin beyond its role as sound…

Normie, a meme coin on Ethereum’s Layer 2 network Base, experienced a severe exploit, causing its token value to plummet by 99%. The project’s team acknowledged the breach and agreed to the attacker’s proposal to return the stolen assets. Normie’s Market Capitalization Free Falls An attacker exploited a vulnerability in Normie’s contract tax mechanism, conducting a flash loan attack drastically increasing the meme coin’s token supply. This exploit caused a 99% drop in the token’s value while the market cap from approximately $41 million to around $1.3 million. Lookonchain highlighted the severe impact on traders. The analyst noted that a…

U.S. Securities and Exchange Commission boss Gary Gensler recently reposted an investor alert about cryptocurrencies. As reported by U.Today, the scam warning was originally issued by the agency in May. The SEC has stated that bad actors tend to take advantage of innovative technologies in order to promote investment scams. In its recent investor alert, the agency specifically mentioned celebrity meme coins in the wake of their increasing popularity. “The SEC conveniently issues these “alerts” (or, more specifically, reissues the same one) whenever anything major happening on the Hill in crypto they don’t like,” Alexander Grieve, the head of government…

Crypto enthusiasts are having a field day with Germany’s Euro 2024 football championship loss, cheekily blaming the government’s Bitcoin sell-off for the team’s lackluster performance. On Friday, Spain defeated Germany in the quarter-finals, ending Germany’s run in the 2024 UEFA European championship. Justin Sun, founder of the Tron blockchain, quipped on X (formerly Twitter) that the German team might have lost because their government sold too much Bitcoin! The reason the German team lost the game in this European Championship might be because they sold too much Bitcoin. — H.E. Justin Sun 孙宇晨 (@justinsuntron) July 5, 2024 Other crypto enthusiasts…

Leading global cryptocurrency platform OKX has today announced that it is integrating its exclusive wallet service with Umami Finance, a decentralized ecosystem of financial applications. The development brings a significant change in the cryptocurrency industry, as it helps to enhance customer access and make yield-generating products available easily through OKX Wallet. Over time, OKX has not only established its reputation with an impressive full-suite of crypto offerings, but also expanded to cater for the varying user types extending from retail and institutional investors. The integration with Umami Finance, particularly noted for its pioneering efforts on the Arbitrum network, aligns with…

Caitlyn Jenner, the former Olympic athlete and member of the Kardashian-Jenner family, has caused a stir in the cryptocurrency community with the announcement of her eponymous token, JENNER. Her X (Twitter) and Instagram accounts revealed the launch, leading to widespread debate and suspicion. The JENNER token’s announcement came amid a wave of similar hacks affecting other crypto influencers and celebrities, adding to the skepticism. What’s Behind the JENNER Token? Jenner’s X and Instagram accounts featured videos of her promoting the JENNER token. These were accompanied by statements from her manager, Sophia Hutchins, who assured followers that the project was legitimate…

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…

Coin98 Super Wallet has announced an exclusive integration. According to the firm, the initiative provides the facilities of the cost-effective blockchain of Solana to the dApps in the Ethereum ecosystem. The platform took to its official social media account to announce this endeavor. Coin98 integrates @Neon_EVM, the first parallelized EVM on #Solana to the latest version.From now on, users can then seamlessly transfer SPL tokens between Solana and Neon EVM via Coin98 Super Wallet connection, enabling further exploration of this ecosystem. Coin98 Facilitates Ethereum-Based dApps with Solana’s Low-Cost and High-Speed Blockchain by Integrating with Neon EVM In addition to this,…

Over the last 24 hours, Bitcoin (BTC) has attempted to halt the freefall that saw the maiden cryptocurrency lose major support levels. Although Bitcoin is showing short-term bullishness by regaining the $56,000 resistance zone, crypto analyst Ali Martinez has pointed out that the asset is not yet out of the woods. In a July 5 post on X (formerly Twitter), Martinez noted that Bitcoin faces a crucial threshold to revive its bullish momentum. He emphasized that Bitcoin currently lacks robust support, and the asset must close above $61,000 to reignite its upward trend. It’s worth noting that since Bitcoin attained…

South Korea’s inaugural law to protect crypto investors came into force on Thursday as the country attempts to close its regulatory shortcomings related to the industry. The Virtual Asset User Protection Act aims to target unfair trading practices following incidents of bygone years including the likes of the Terra-Luna crash and FTX’s collapse. The law’s implementation follows recent initiatives by South Korean crypto exchanges to prevent mass delistings ahead of the new regulatory measures. South Korea’s Act defines digital assets as electronic tokens with economic value that can be traded or transferred electronically. While it includes crypto in general, it…