Author: NBTC

WOO has initiated an innovation hub to strengthen its presence within the Bitcoin (BTC) ecosystem and branch out into high-growth sectors. The announcement was made during the Token2049 week in Dubai, where the company outlined plans to issue grants targeting the utilization of the WOO token within burgeoning crypto domains, such as Artificial Intelligence (AI) andLayer-2 technologies, thereby nurturing cutting-edge decentralized initiatives. This move positions WOO favourably within the anticipated upsurge of the forthcoming cryptocurrency bull market. WOO’s product ecosystem includes WOOFi protocol, a prominent DEX protocol boasting over $13 billion in total trading volume and more than 250,000 active…

Crypto exchange Bitfinex has partnered with the global credit network Hidden Road to broaden institutional access to digital assets. Institutional investors connected with Hidden Road will now be able to access Bitfinex’s digital asset offerings. “I am thrilled to welcome Hidden Road and their customer base to the most resilient digital assets exchange platform on the market,” said Bill Brindise, Head of Business Development at Bitfinex. “We at Bitfinex are proud to offer customers cutting-edge trading features, deep liquidity, and a wide range of trading pairs, all supported by a robust infrastructure fortified with stringent security measures. I am certain…

Although Bitcoin (BTC) has been dragging its feet lately, the prospects of the flagship decentralized finance (DeFi) asset look promising, particularly as machine learning and artificial intelligence (AI) algorithms predict advances for the popular cryptocurrency in the near future. As it happens, Bitcoin last week bounced from the $70,000 level and has been trading beneath it for the majority of the time since, but its more recent movements demonstrate signs of recovery, as the largest crypto asset by market capitalization moves closer to retaking this critical psychological level. BTC price prediction In terms of its performance in the following weeks,…

Ava Protocol, a pioneering Web3 automation platform, has successfully raised $10 million in Seed+ funding, according to the latest information shared with Finbold on June 11. With an initial $5.5 million round followed by an additional $4.5 million in Seed+ funding, the capital infusion will fuel the development of Ava Protocol’s intent-centric, event-driven Eigenlayer AVS set to revolutionize private autonomous transactions for Ethereum (ETH) and other blockchains. The growing number of Ava Protocol investors The recent Seed+ round saw notable contributions from leading investors such as Electric Capital, Taisu Ventures, Bloccelerate VC, BingX Exchange, and Shima Capital, who joined the…

Shiba Inu (SHIB), the dog-themed cryptocurrency, has seen a substantial increase in its burn rate, increasing 489%. According to the Shibburn X account, 19,345,086 SHIB tokens were burned in the last 24 hours, translating into a 489.87% surge in the SHIB burn rate. HOURLY SHIB UPDATE$SHIB Price: $0.00002174 (1hr 1.72% ▲ | 24hr -7.99% ▼ )Market Cap: $12,841,479,416 (-7.36% ▼)Total Supply: 589,274,423,079,142TOKENS BURNTPast 24Hrs: 19,345,086 (489.87% ▲)Past 7 Days: 774,134,559 (193.4% ▲) — Shibburn (@shibburn) April 16, 2024 The significant jump in the burn rate comes amid a period of price volatility for SHIB, with the cryptocurrency experiencing a dip…

Indian Prime Minister Narendra Modi has reappointed Nirmala Sitharaman as Finance Minister. She remains instrumental in shaping India’s economic policies, including cryptocurrency regulation and taxation. Nirmala Sitharaman Reappointed as Finance Minister Indian Prime Minister Narendra Modi has reappointed Nirmala Sitharaman as Finance Minister, extending her tenure that began in 2019. Sitharaman, who delivered her sixth budget earlier this year, has played a key role in shaping India’s economic policies and reforms. A major concern among Indian crypto investors is taxation. Since new rules were implemented in 2022, India has imposed a 30% flat tax on income from the sale or…

P2P.org (P2P), in collaboration with OKX, has launched an institutional-grade staking service for four major crypto assets, including Cardano (ADA), Polkadot (DOT), Kusama (KSM), and Celestia (TIA), according to a press release published today. The partnership aims to offer users enhanced staking opportunities on OKX’s platform with secure infrastructure, stated P2P. In addition, it is expected to set a new standard in Proof of Stake (PoS) staking, offering investors advanced tools for engaging with the major crypto assets. “We are excited to partner with OKX to offer institutional-grade staking solutions for DOT, KSM, TIA, and ADA,” stated Alex Esin, CEO…

Fold recently released its Direct to Bitcoin feature as part of a set of features that the team at Fold calls its Bitcoin Checking Account. Fold Users can now auto-convert anywhere from 1% to 100% of their fiat deposits to bitcoin from a checking account through which they can also make payments. This new feature is the first of many that the company plans to release in the coming months that will help its users more easily live on a bitcoin standard. You can now transition to a bitcoin standard in two taps using @fold_app.Earn in bitcoin and maintain access…

Three Democratic senators called on the Fed to lower its benchmark interest rate, arguing that the current high interest rate is exacerbating inflation rather than curbing it. Democratic Senators Urge Federal Reserve to Cut Interest Rate Due to Inflation Concerns Senators Elizabeth Warren (D-Mass.), Jacky Rosen (D-Nev.) and John Hickenlooper (D-Colo.) sent a letter to Federal Reserve Chairman Jerome Powell, which currently stands at 5.5%, the highest in two decades. He called for an immediate reduction in the federal funds rate. “We write today to urge the Federal Reserve to lower the federal funds rate from a two-decade high of…

The Polkadot community is exploring a substantial $8.8 million sponsorship opportunity with Lionel Messi’s Inter Miami Football Club. This move aims to capitalize on the football club’s extensive global reach and exposure while strategically showcasing the capabilities of the Polkadot ecosystem. Moreover, it represents the latest strategic effort by the Polkadot community toward elevating the blockchain network’s visibility beyond the crypto industry through sports-related marketing endeavors. The David Beckham-owned club is a powerhouse within the American soccer league, boasting one of the most prominent social media presences among sports teams in the United States. Interestingly, after signing several high-profile players,…