Author: NBTC

Cryptocurrency exchange platform OKX has addressed recent concerns regarding its FLOKI Pledge Loan Mechanism. The clarification follows remarks from on-chain arbitrageur CryptoWilson, who noted an unusual spike in trading volume for OKX’s Floki trading pair starting from August 29, 2024. This led to automatic purchases of Floki at higher prices and forced sales of collateralized BES loans. OKX clarified that the automatic currency exchange occurs when the pledge risk rate seems secure. They explained their mortgage loan system operates as a customer-to-customer (C2C) market, matching depositors with borrowers. This system maintains a 100% reserve principle. 关于 FLOKI 质押借币机制问题的调查与说明Q1：在质押借币风险率安全的情况下为什么会触发自动换币？自动换币具体规则是什么？OKX的活期抵押借币是一个存币用户和借币用户之间匹配的C2C市场，基于100%准备金的基本运营原则，当平台借币量/存币量达到100%时，会触发平台自动换币机制。… https://t.co/ASVTnfXBlu —…

Leading non-custodial wallet Tonkeeper has announced the release of its dapp browser on Telegram. The browser, which is integrated into the Tonkeeper wallet, offers a gateway to discover the best decentralized apps in the expanding TON ecosystem. Millions of users will find it simpler to access their favorite dapps and find new dapps for engaging in sectors like gaming, DeFi, and entertainment with the introduction of the Tonkeeper dapp browser in Telegram. The browser launch is being supported by over ten partners across categories including Utilities and DeFi. Leading DEX Ston.fi is one of the launch partners whose dapps are…

Coinbase has teased the upcoming launch of cbBTC, a new tokenized version of Bitcoin, on its Base network. Experts told Decrypt they think it could reshape the landscape of tokenized Bitcoin (BTC). This new token, announced via a cryptic tweet in the early hours Wednesday, signals Coinbase’s ambitious plans to expand its tokenized asset offerings and potentially reshape the landscape of wrapped Bitcoin. Coinbase has not yet responded to requests for more details from Decrypt. The introduction of cbBTC comes as the demand for tokenized Bitcoin on Ethereum Virtual Machine (EVM)-compatible chains continues to grow. Nearly 156,608 BTC, valued at…

MicroStrategy co-founder Michael Saylor recently took to social media to compare the performance of his company to some other prominent names since August 2020. Unsurprisingly, the business intelligence firm ended up at the top with extremely impressive gains of 1,113%. Nvidia, for comparison, comes only in second place at 1,059% despite greatly benefiting from the artificial intelligence craze. In June, it managed to overtake Microsoft, becoming the most valuable company in the world. The company’s chips power a lot of widely used AI tools, including ChatGPT. Arista Networks, a Santa Clara-headquartered computer networking company, comes in rather third place with…

The mysterious SHIB lead Shytoshi Kusama has published two tweets, spreading intrigue among the Shiba Inu army as he talked about the important upcoming event in Kyoto, Japan – IVS2024. This is the largest startup conference in Japan. Kusama stressed that he feels excitement about this approaching conference. Shytoshi Kusama makes unexpected announcement One tweet published by Kusama written in capital letters says “EXCITED” as he quoted a tweet about the approaching IVS2024 event. In the second one, Shytoshi Kusama made a curious statement, in which he promised to “show the world the importance of Web3.” EXCITED!!!! https://t.co/7K1R8qgGIC — Shytoshi…

According to what has emerged in the last few hours, the US House Financial Services Committee is about to face many discussions related to cryptocurrencies, DeFi, and “pig butchering” scams, with the possibility of approving a specific law by the end of the year. September will be a very intense month under the lens of cryptocurrency regulation in the United States, as the SEC prepares to testify before the House and the Senate. At stake are several relevant issues for the future of the sector, including the potential integration of the “Financial Innovation and Technology for the 21st Century Act”…

Blockchain technology is revolutionizing the payments industry with near-instantaneous settlement times and significantly lower costs compared to traditional systems. According to a recent report by Binance Research, blockchain-based remittances settle within an hour, outpacing both digital and cash methods. Visa’s pilot with Crypto.com using USD Coin (USDC) on the Ethereum blockchain has streamlined cross-border settlements for their Australian card program, reducing complexity and time. While conventional card networks like Visa and Mastercard offer quick authorization, actual fund transfers can take days, especially for cross-border transactions. Average settlement time for cross-border payments. Image: Binance Research Moreover, the cost benefits are highlighted…

Layer-two blockchain protocol Optimism (OP) asserts that its Superchain offers a new, shared approach to scaling that sustainably benefits everyone. The blockchain protocol made this claim via its official X account after outlining the steps to building sustainable long-term economic growth. 🔄The Superchain is pioneering a new, shared approach to scaling in a sustainable way that benefits everyone.To date, revenue contributions from OP Chains in the Superchain…14,000+ ETH and 📈 pic.twitter.com/piWGmXPVXT — Optimism (@Optimism) August 26, 2024 Optimism’s team stated that the revenue generated from OP Chains in the Superchain exceeds 14,000 ETH. The protocol listed several OP Chains, such…

Will Bitcoin’s price hold above critical support levels as the market digests cooling inflation and yen trade risks? Table of Contents A brief look at inflation figures Yen carry trade uncertainty continues to cloud the market What’s happening in the market? What to expect next? A brief look at inflation figures Inflation is like the temperature in a room — too hot, and it’s uncomfortable; too cold, and it’s just as bad. For the past few months, the U.S. economy has been trying to find that ‘just right’ spot and all eyes are on the latest numbers to see where…

BeInCrypto’s Asia Crypto Roundup dives into the region’s most crucial updates and developments. Covering key markets like China, South Korea, Japan, and Singapore, our roundup offers insights into Asia’s regulatory shifts, blockchain innovations, major project launches, and market trends. Last week’s notable events include Story Protocol’s successful $80 million series B funding round and Dubai’s legal ruling that recognizes cryptocurrency payments for salaries. Bitpanda and RAKBANK Partner to Boost UAE’s Crypto Access On August 19, Bitpanda Technology Solutions (BTS) and The National Bank of Ras Al Khaimah (RAKBANK) finalized an agreement to enhance digital asset access in the UAE. This…