Author: NBTC

Outlier Ventures, a prominent Web3 accelerator, has recently announced a strategic partnership. The platform has partnered with Morgan Creek Digital, an early-phase investor dealing with digital assets and blockchain technology, to initiate an innovative accelerator project within the Latin American zone. Morgan Creek Digital will back the project as its venture partner. Additionally, the selected teams will obtain nearly $200K in capital investment apart from the mentorship during the project. Morgan Creek Digital and Outlier Ventures’ New Collaboration Set to Start LATAM Accelerator Project The project reportedly focuses on detecting and backing the brightest and finest Web3 ventures in the…

Key Points: Fantom launches Meme Season campaign with a 10 million sFTMx token reward pool to attract new users and developers. The Fantom Meme Season campaign’s first round runs from June 1 to June 30. Fantom transitions from Opera to the new Sonic chain, offering higher throughput and Ethereum connectivity. The Fantom Foundation has unveiled the Fantom Meme Season campaign, a strategic initiative aimed at drawing new users and developers by showcasing Fantom’s cutting-edge technology. Fantom Meme Season Campaign Launched The Fantom Meme Season campaign centers on both the current Opera network and the soon-to-be-launched Sonic chain, focusing primarily on…

Ava Protocol, a leading Web3 infrastructure project, has launched its mainnet on Ethereum (ETH), introducing a new system for automating smart contract transactions, according to the latest information shared with Finbold on July 16. The new development allows developers to make use of Ava Protocol’s transaction automation, privacy features, composability, and other features within their decentralized applications (dApps) across the Ethereum ecosystem. Revolutionizing on-chain operations with autonomous transactions Ava Protocol’s activation model revolutionizes on-chain operations through autonomous “super-transactions” based on specific triggers such as time, price changes, or smart contract updates. This simplifies automation processes, reducing the technical barriers for…

Bitcoin’s slump dropped to under $54,000 below its 200-day simple moving average. The fall comes as Mt. Gox began to repay customers & German government continues to sell its sized Bitcoin holdings. As Bitcoin experiences its anticipated summer lull, renowned crypto analyst Benjamin Cowen has talked a lot about Bitcoin’s summer slowdown, a period when its price tends to dip or stagnate. Now that this slowdown is here, Cowen is focusing on what the rest of the year might look like. The big question is whether Bitcoin can climb back above its BMSB in the next few weeks or will…

Traders predicted that Ethereum would rise following the launch of spot Ethereum ETFs, making a $20 million bullish bet. Many expect ETH to reach new record highs later this year. These transactions include puts and calls on options expiring on July 26. The predictions come as market watchers anticipate the launch of spot Ethereum ETFs on July 23. “It seems like most traders see the ETF as a catalyst for upward price movement,” said Bartosz Lipinski, CEO of cryptocurrency exchange Cube.Exchange. Market watchers are hopeful that spot Ethereum ETFs can emulate the success of similar Bitcoin funds that launched in…

In the volatile world of cryptocurrencies, every now and then, a story surfaces that highlights the extraordinary potential for profits—albeit alongside significant risks. One such story, detailed in a recent report by Lookonchain, an onchain analytics platform, involves a crypto trader who reaped a colossal return after a long period of dormancy. According to Lookonchain, this trader, referred to as the “super diamond trader,” held onto their investment in Shiba Inu (SHIB) for over three years before making a move that resulted in substantial gains. The details shared by Lookonchain reveal that the trader initially invested 2 Ethereum (ETH), equivalent…

Kraken announced on July 16 that it is partnering with Tottenham Hotspur football club. This collaboration makes Kraken the first official crypto and Web3 partner and the sleeve sponsor for both the men’s and women’s teams. The goal of this partnership is to enhance the fan experience and educate fans about cryptocurrency.  Mayur Gupta, Kraken’s chief marketing officer, explained that crypto is gaining traction in the UK. This collaboration aims to support Kraken’s mission of promoting global crypto adoption and financial freedom. Ryan Norys, Tottenham Hotspur’s chief revenue officer, highlighted the club’s aim to drive innovation through this partnership, praising…

In a strategic move to tackle scalability issues, Binance’s BNB Chain has launched the opBNB layer-2 testnet. First introduced on June 19, opBNB aims to significantly enhance the performance and efficiency of the BNB Chain, addressing its longstanding scalability challenges. The opBNB testnet, built on the Optimism OP Stack, represents Binance’s latest effort to improve its blockchain network’s transaction processing capabilities. This launch follows a recent report by Immunefi that highlighted $1.64 billion in losses for the BNB Chain due to hacks and rug pulls, emphasizing the urgent need for a more secure and scalable solution. opBNB leverages Optimistic Rollups…

Solana Monkey Business led the NFT market with a daily sales figure of US$971,164 on Thursday, according to CryptoSlam data. Solana rose to the top of the NFT market after recording the third-highest sales volume on Wednesday, snapping a two-day streak of Gods Unchained leading. Solana Monkey Business now has US$208.9 million in all-time sales volume, which is about US$2.5 million away from the sector’s 30th spot, currently occupied by SATS, a BRC-20 NFT. The Solana blockchain, home to the day’s top-ranking Solana Monkey Business collection, witnessed a 4% increase in its daily sales, reaching US$3.23 million. Ethereum led all…

Grayscale’s Ethereum Trust fee could spark outflows, canceling out potential inflows across Ethereum ETFs. Ethereum Foundation-related wallet has been dumping ETH on exchanges. Ethereum could see a new all-time high if it moves above a key resistance. Ethereum (ETH) is down 0.4.% on Thursday following speculations surrounding the potential negative impact of Grayscale’s Ethereum Trust fees and ETH dump from the Ethereum Foundation. Daily digest market movers: Grayscale’s fee, Ethereum Foundation dump The Grayscale Ethereum Trust 2.5% fee has left many ETHE holders fuming as the asset manager maintained the high fee structure it applied to Bitcoin ETFs. Several analysts…