Author: NBTC

Institutions that use Fireblocks for crypto key management workflows will work seamlessly with M^0’s stablecoin-minting and validation software. The protocol aims to fill the gap between existing stablecoin systems, where all the yield goes to either the token issuers or the token holders. M^0 (pronounced “M Zero”), a protocol that allows institutions to mint their own stablecoins backed by U.S. Treasury bills, reached an agreement for Fireblocks to provide cryptocurrency custody services to its issuers. Firms using M^0 to mint cryptodollars use private keys to transfer them, update collateral balances, retrieve and burn tokens and interact with other participants in…

Investors remain confident in Shiba Inu despite the recent market downturn, with addresses holding SHIB for over a year surging by 34,560 in six months. Bitcoin’s (BTC) bearish performance has continued to impact the price actions of altcoins such as Shiba Inu (SHIB). For instance, SHIB crashed below $0.000016 for the first time since March 2024. The dog-themed token is changing hands at $0.00001553, down 65.48% from its March high of over $0.000045. 1Y+ Shiba Inu Addresses Soars 3.47% in 6 Months Despite Shiba Inu’s recent underperformance, investors’ confidence in the token has not diminished. Data from leading crypto analytics…

Blockchain analytics platform Lookonchain reports that Tether has minted a massive 3 billion USDT in just one week. The distribution of these newly minted stablecoins across major exchanges has fueled speculation about their impact on the crypto market. Lookonchain detailed the flow of these USDT tokens using a visual diagram on X (formerly Twitter), highlighting how a significant portion was sent to exchanges like Kraken, OKX, Coinbase, and Binance through Cumberland, a prominent crypto trading firm. Tether(@Tether_to) minted 3B $USDT in just 1 week!Where did these $USDT flow to?On-chain data shows that 3.22B $USDT has flowed from #TetherTreasury to exchanges…

Nervos CKB, a blockchain platform that offers security and versatility, has recently announced the release of a next-gen open lightning network going by ‘Fiber Network. The new endeavor of Nervos CKB targets offering decentralized, low-cost, and rapid, multi-currency payouts and p2p transfers in the case of RGB++ assets. The platform took to its official X account to announce the respective endeavor. ⚡️CKB Launches the Common Lightning Network Fiber Network Light Paper⚡️✨Launching next week for testing✨🔗Fiber Network is a next-generation common lightning network built on #Nervos $CKB and off-chain channels, offering fast, low-cost, and decentralized multi-token payments… pic.twitter.com/omoXiL64Gy — CKB Eco…

While gold is hitting new highs, the oft-touted “digital gold” has failed to keep up. Bitcoin proponents have long claimed that the cryptocurrency’s unique selling point is that it’s a long-term store of value, just like the precious metal. And the biggest and oldest virtual coin has in the past performed like gold. But that isn’t happening right now. Gold today hit a new all-time high of $2,483 per ounce as geopolitical instability—particularly in the Middle East—and hopes the Federal Reserve will soon slash interest rates have created more demand for the shiny commodity. Meanwhile, Bitcoin’s volatility is soaring and…

HashKey HSK has entered into a strategic partnership with Puffer Finance, aiming to transform digital asset services across Asia. This collaboration brings together HashKey’s platform token, $HSK, and Puffer Finance’s innovative solutions on Ethereum. This partnership will set the stage for significant advancements in the blockchain space. We are pleased to announce our collaboration with @Hashkeyhsk! 🤝HashKey offers a broad ecosystem that includes a regulated exchange, custody services, venture capital, and more! Follow the 🧵1/6 pic.twitter.com/1wCOuQ8duP — Puffer Finance 🐡 (@puffer_finance) August 21, 2024 Puffer Finance Aims to Lead Ethereum with Advanced Staking and DeFi Solutions Puffer Finance wants to…

Binance Labs has announced investments in four standout projects from Season 7 of the BNB Chain’s Most Valuable Builder (MVB) Program. This initiative, known for its ‘rigorous’ selection process, attracted over 700 applications, with less than 2% making the cut. The MVB Program is a collaborative effort between BNB Chain, Binance Labs, and CMC Labs, designed to support and accelerate Web3 innovation within the BNB Chain ecosystem. Four Projects Securing Binance Labs Investments Here are the four projects: Aggregata Aggregata aims to unify AI data, models, and computing into a seamless, one-stop platform. The team is working to redefine AI…

The Open Network (TON) blockchain is experiencing a surge in popularity and value, driven by the upcoming token generation event (TGE) for Hamster Kombat, a viral play-to-earn game on the Telegram platform. The game’s success and the anticipated token launch have spurred increased activity on the TON network, suggesting a growing interest in its potential. Hamster Kombat’s TGE will see the technical generation of the HMSTR token. As per the game’s official website, the token’s in-game utility will also be revealed in July, and the project will continue to undergo significant upgrades. It is important to note that Hamster Kombat…

Secured digital asset license in El Salvador in 2023, enabling expanded operations across multiple countries including Mexico. Invested $3 million in Mexican expansion, with plans to integrate the digital Mexican peso to boost crypto adoption. Salvadoran FinTech company DitoBanx has announced its expansion into Mexico, aiming to promote the adoption of Bitcoin and enhance financial services. The company, which secured its digital asset license in El Salvador in April 2023, has quickly extended its operations to Guatemala, the United States, Costa Rica, Panama, and now Mexico in 2024. In Mexico, DitoBanx plans to offer a variety of services including international…

Buenos Aires selected as regional hub for zkSync, boosting local projects like Quark ID and Lemon Cash. President Nana Murugesan of Matter Labs discusses collaboration potential with local cryptocurrency leaders in August. Matter Labs, developer of the Ethereum Layer 2 scaling solution zkSync, has announced its expansion into Latin America with a new regional office in Buenos Aires, Argentina. This initiative aims to support local projects and enhance financial systems in the region. Aleph, a temporary pop-up city in Buenos Aires, began last week by bringing together 800 builders to envision a crypto-powered city. Aleph’s crypto rails are built on…