Author: NBTC

Dubai – In a significant move to enhance cross-chain security, the Polyhedra community has approved the integration of Flare with Polyhedra’s zkBridge DVN. This strategic partnership will enable Flare developers to leverage zkBridge’s advanced ZK proof technology for secure and efficient cross-chain applications, utilizing LayerZero’s interoperability protocol.—zkBridge is a cutting-edge, trustless cross-chain interoperability protocol, part of LayerZero’s Decentralized Verifier Networks (DVNs). It supports over 30 layer-1 and layer-2 networks and has facilitated more than 20 million cross-chain transactions. By employing zkSNARKs, zkBridge ensures that state transitions on the sender chain are efficiently validated on the receiver chain. This ZK proof…

The State of Wisconsin Investment Board (SWIB) has increased its investment in BlackRock’s iShares Bitcoin Trust (IBIT), according to a new SEC filing today, as first reported on X by MacroScope. In an SEC filing today, the State of Wisconsin Investment Board reported owning 2,898,051 shares of the iShares Bitcoin Trust as of June 30 (valued at $98.9 million as of that date).This is an increase from the 2,450,400 shares that Wisconsin previously reported in May.… — MacroScope (@MacroScope17) August 14, 2024 As of June 30, the board owns 2,898,051 shares, valued at $98.9 million. This marks a substantial increase…

Sonic Labs makes a public announcement regarding entering into a strategic partnership with Pyth Network within the decentralized finance (DeFi) sphere. Pyth Network shares this new collaboration with the community through a social media platform, X. High-fidelity data straight from the source is coming to @0xSonicLabs 🔮Pyth provides DeFi builders with the supercharged infrastructure they need to create dApps that compete with apps. https://t.co/JvJKatCCIk — Pyth Network 🔮 (@PythNetwork) August 30, 2024 Such cooperation is designed to offer developers solid instruments and real-time information, enabling the development of next-generation dApps that are competitive with traditional apps. This partnership will apply…

Secondary markets for trading points will provide access for people who want to reduce or increase exposure to points but are unable to do so, and improve price discovery, said Rumpel Labs CEO Kenton Prescott. The project is backed by some big-name VCs like Dragonfly and Variant. Rumpel Labs, a startup that builds tokenization infrastructure for loyalty points, distributed by many decentralized finance (DeFi) and Web3 projects, has emerged from stealth with backing from some big-names in the venture capital arena, like Dragonfly and Variant. Dishing out loyalty points to incentivize user behavior and reward early adopters, often with a…

Cardano founder Charles Hoskinson emphasizes global impact over token prices, highlighting his project’s achievements. Cardano founder Charles Hoskinson has taken it to the X platform to highlight the project’s broader mission beyond asset prices, emphasizing its transformative global impacts. In a statement, the IOHK Chief remarked, “Cardano should not be equated as a Charles Hoskinson project… it’s not about a token or a price; it’s about making the world better for everybody.” Hoskinson specifically reflected on Cardano’s journey, noting the project’s goals and the paradoxical criticism it faces as it nears completion. “The closer you get to completing something, the…

Sens. Chuck Schumer, Cynthia Lummis and Tim Scott think legislation addressing crypto could move through Congress this year – here’s how. A long, long journey The narrative Earlier this month, Senate Majority Leader Chuck Schumer (D-N.Y.) told the audience at a “Crypto4Harris” virtual event that he hoped to shepherd crypto legislation through Congress and have President Joe Biden sign the bill into law by the end of 2024. It was a bold promise, one that on first blush seems like a hard pledge to fulfill. Why it matters The crypto industry has been begging for issue-specific legislation in the U.S.…

Polyhedra Network has integrated its cross-chain interoperability protocol zkBridge with Flare. According to an announcement on Aug. 27, the integration of Polyhedra will help developers on Flare (FLR), the blockchain for data platform, tap into cross-chain security with zero-knowledge proofs. The integration follows the Polyhedra Network community’s approval of a proposal that sought to bring zkBridge, one of LayerZero (ZRO)’s decentralized verifier networks, to Flare. With the arrival of zkBridge DVN on Flare, developers can now leverage ZK proofs technology to build and deploy efficient cross-chain applications. Read more: Flare integrates LayerZero V2, connecting to 75 blockchains Integration to boost…

Justin Sun will be part of a new joint venture with BiT Global (a Bithumb company) and BitGo to operate Wrapped Bitcoin (WBTC) products. However, a close review of BiT Global’s corporate filings shows concerning connections to Sun’s empire. BitGo founder and CEO Mike Belshe took to the MakerDAO forums to defend the new joint venture, stating that Sun was “not in the management team of BiT Global nor does he have any key material access.” He also further encouraged people to “confirm that BiT Global is a licensed TCSP in Hong Kong.” BiT Global Trust Limited is a licensed…

PBG.io, a novel decentralized finance protocol in the Cardano (ADA) ecosystem, is going to unlock the access to 100 million ADA in liquidity for its users. Its CEO is sure that PBG.io might surpass all centralized exchanges in terms of accessible liquidity. Cardano’s upcoming protocol is going to outshine Binance, founder says With 100 million ADA tokens in liquidity, PBG.io DeFi, a new liquidity farming machine on Cardano (ADA), will create a more resource-effective trading environment than Binance (BNB). Such a statement was shared by Pablo Antonio Bejarano, the CEO of PBGCapital asset manager. Massive Milestone for the PBG Ecosystem!With…

Experts are questioning whether decentralized finance (DeFi) can truly drive the next wave of crypto adoption. As this debate continues, attention has shifted toward Decentralized Physical Infrastructure Networks (DePIN) and real-world assets (RWA) as potential growth drivers. Emerging trends play an increasingly vital role in advancing the cryptocurrency industry, and their influence in shaping adoption strategies cannot be overlooked. Ethereum and Helius Labs Executives Probe DeFi Ethereum co-founder Vitalik Buterin believes the blockchain’s future lies in sustainably useful applications. He stresses the need to maintain core principles like permissionless access and decentralization. The Russo-Canadian innovator advocates for integrating decentralized finance…