Author: NBTC

A Bitcoin (BTC) decentralized ecosystem has been in rapid development in 2024, with its total value locked (TVL) jumping 263% so far and surpassing $1 billion, according to data aggregator DefiLlama. Nevertheless, as a nascent sector where builders try to create applications compatible with other blockchains, new security issues might surface while it grows. Shahar Madar, VP of Security and Trust at Fireblocks, shared with Crypto Briefing his insights on Bitcoin decentralized application risks and how mature the security of the decentralized finance (DeFi) ecosystem is. Crypto Briefing – Did you find any issues with the different applications built on…

Global search interest for non-fungible tokens (NFTs) remains at abysmally low levels despite the ongoing cryptocurrency rally, according to data provided by Google Trends. The aforementioned term attracted few search queries compared to “crypto” this year. This indicates cooling demand for the sector that defined the 2021 bull run. In March, the term “crypto” reached a value of 100, which indicates peak popularity. The term “NFT” paled in comparison to “crypto” with a value of just 10. The same trend could be observed in May, with NFTs failing to attract any substantial interest despite growing crypto prices. This marks a…

The prominent nine BTC ETFs have recently included a significant amount of tokens. As per Lookonchain (a well-known platform for on-chain analytics), the respective exchange-traded funds have added worth of nearly $862.79 million with these tokens. Bitcoin inflows into spot ETFs have been positive for a long period now as 15 days have past with variable inflows. The analytics platform took to social media forum X to provide the details about the respective ETFs. Jun 5 Update:9 ETFs added 12,165 $BTC($862.79M).#Blackrock added 3,894 $BTC(+$276.19M) and currently holds 295,457 $BTC($20.95B).#Fidelity added 5,378 $BTC(+$381.42M) and currently holds 170,611 $BTC($12.1B).https://t.co/CteFrs7Jck pic.twitter.com/aDr5Ijo83t — Lookonchain…

In recent years, the Defi revolution is full force. We are looking at new blockchain projects every day. Ranging from various industries. From finance, to gaming, everything is changing. These projects are doing so in various ways. By using blockchain technology to cut out the middlemen for example. And generally changing our entire perspective on everything money-related. This means more transparency, security, and efficiency across various industries. Let’s take a look at how DeFi is changing many industries, including online gambling. And why it’s important to make sure you’re playing legally when using crypto casinos. How DeFi Is Making an…

Bitfarms has adopted a shareholder rights plan to protect its strategic review process from Riot Platforms’ takeover attempts. Bitfarms, a Toronto-headquartered Bitcoin mining company, announced in a Jun. 10 press release that its board of directors unanimously approved the adoption of a shareholder rights plan to safeguard the integrity of its strategic alternatives review process. The Rights Plan (commonly referred to as a “poison pill”) aims to protect the interests of Bitfarms’ shareholders by preventing any potential hostile takeover attempts. The move comes in response to recent actions by Riot Platforms, a Colorado-based Bitcoin mining company. “The Rights Plan is…

Eigen Layer launched only two months ago on the Ethereum mainnet. Since then, the protocol reported constant inflows of collateral deposits, reaching $20B. Skeptics view the deposit frenzy as similar to meme tokens. Read: EigenLayer on the Edge of Potential Yield Crisis Eigen Layer still hinges on tokenless earnings, but those are based on provable reserves. The source of Eigen Layer value is staked ETH, which is then used for securing new projects. Eigen Layer does not consolidate deposits and distributes them among multiple Actively Validated Services, each with different rules. The competitive AVS already shows a set of leaders…

In the ever-evolving world of blockchain technology, a groundbreaking proposal has been put forward by the Polkadot Fellows. This proposal introduces a new protocol, tentatively named JAM, which could potentially overhaul the core functionality of the existing Polkadot Relay-chain. This article delves into the intricacies of the JAM protocol, examining its purpose, implementation strategy, and the implications it holds for the Polkadot network. What is JAM Protocol? JAM stands for a revolutionary approach in blockchain technology, hinted at in the recently discussed “Gray Paper.” This protocol is designed as a decentralized, cryptoeconomic system that might one day serve as the…

Javier Gimenez, from the Paraguayan Ministry of Industry and Commerce, revealed that the government plans to take advantage of the energy sold to legal bitcoin mining operations. Gimenez stated that selling Paraguay’s energy to bitcoin mining companies is part of the government’s strategy, which seeks to rebuild its industry in three years as part of a transitional phase. Paraguayan Minister Reveals Government Will Keep Selling Energy to Bitcoin Miners Paraguay has revealed its strategy regarding bitcoin mining. Javier Gimenez, the Minister of Industry and Commerce, recently disclosed the new direction Santiago Pena’s government will follow, stating that the country will…

Polkadot Treasury has allocated 2 million DOT, valued at $14.4 million, to enhance the liquidity of the DeFi project Hydration, according to a June 10 statement shared with CryptoSlate. The project stated that the funds will boost the liquidity and efficiency of its single-sided liquidity provisioning platform, Omnipool. This latest funding aligns with Polkadot’s current efforts to improve and expand the network’s adoption worldwide. Over the past weeks, the blockchain’s Web 3 Foundation has funded several projects, including PolkaPort East and Accelerate Polkadot. Two-phase execution This allocation will be executed in two phases. The first phase will disburse 1 million…

RWA tokenization platform Ondo Finance has partnered with Cosmos-based Noble chain to bring its tokenized products to Cosmos. Ondo is one of the largest players of the booming tokenized Treasury market with $300 million of deposits. Tokenized real-world asset (RWA) platform Ondo Finance (ONDO) said Thursday that it has teamed up with asset issuance chain Noble to bring its tokenized U.S. Treasury offerings to the Cosmos (ATOM) ecosystem. The first asset Ondo plans to issue natively via Noble is USDY, a tokenized note backed by short-term U.S. Treasuries offering a 5.2% annual yield, targeting the end of the second quarter…