Author: NBTC

Colombia-based stablecoin protocol El Dorado said Tuesday it completed a $3 million seed venture capital investment round to build a crypto payments “superapp” for the Latin American region. Multicoin Capital was the lead investor, with crypto exchange Coinbase’s venture capital arm Coinbase Ventures, UC Berkeley Skydeck and Awesome People Ventures also participating in the round. Stablecoins are a $160 billion asset class within crypto, with their prices anchored to an external asset, predominantly to the U.S. dollar. They are increasingly popular in developing regions such as Latin America with less developed banking systems and history of currency devaluations. Dollar-pegged stablecoins…

Insights from David Schwartz, the CTO of Ripple, about the significance of the imminent cross-chain bridge for the XRP Ledger (XRPL) recently surfaced in the crypto community. Schwartz had explained the importance of the upcoming XRPL cross-chain bridge during a developer summit. XRP community figure XRP DROPZ called the public’s attention to the disclosure in a recent post on X. ⛓️🌉 XRPL ➡️ “THERE IS NO LIMIT TO SIDE CHAINS” ➡️ DAVID SCHWARTZ ON THE XLS-38 // THE CROSS-CHAIN BRIDGE” @JoelKatz @RippleXDev #XRPL #XRP ➡️ “There is no limit to side chains ! They are implemented independently from the XRPL…

There is a lot of anticipation for the Bitcoin halving that is supposed to happen on April 20: for this reason, predictions about the price movements that BTC could undergo as a result of this very important event are pouring in. However, in all three previous occasions (2012, 2016, and 2020) the effect of the halving on the price of Bitcoin occurred only several months after the event, and this time it may not be different. Short-term price predictions for Bitcoin before the halving Post-halving: Long-term price predictions for Bitcoin (BTC) The comment The comparison with 2021 Short-term price predictions…

Ethena Labs and BounceBit have entered a partnership that marks a major shift in attaining actual yield for over $1 trillion in Bitcoin (BTC) assets. This collaboration fills a significant gap in how to create yield on investments. The @ethena_labs x @bounce_bit partnership is a significant unlock for providing real yield on >$1tn of BTC collateralThere is significant unserved demand for generating yield on BTCAnd only one way to do it at billion dollar scale…Ethena pic.twitter.com/zc9ZKH9lla — Ethena Labs (@ethena_labs) June 4, 2024 Ethena Labs and BounceBit Unveil New BTC Yield Products for Investors As of now, there are very…

Altura recently announced a $1 million Web3 Gaming Grant Fund, which will provide $50,000 each month to qualifying studios and developers based on a real-time community voting system. Also read: COTI V2 Developer Network Goes Live With a 400M Tokens Grant Program According to Altura’s latest Twitter announcement, the goal of this grant is to fuel innovation and creativity in Web3 gaming using a democratic voting system. It gives the community a chance to vote for projects that they believe in. $1M in grants to fuel innovation & creativity. Introducing: the Altura Web3 Gaming Grant Fund.Every gamer matters. Are you…

Cryptocurrency staking is a process where users are able to temporarily lock their tokens in exchange for a reward, most commonly in the form of interest. Unlike blockchains, which are based on the Proof of Work (PoW) consensus algorithm, like Bitcoin, Polkadot makes use of an algorithm called Nominated Proof of Stake (NPoS). NPoS comes with many intricacies centered around the interoperability of Polkadot’s parachains, which are essentially connected and secured by the main network, also known as the Relay Chain. Beyond its many features, NPoS also enables staking. The following guide provides an in-depth explanation of how Polkadot staking…

WadzPay Technologies Africa Pty Ltd, renowned for its blockchain-based financial solutions, has entered into a strategic partnership with Societe Miniere D’Investissement SA (SMI), an investment entity focused on mining projects in the Republic of Congo. This alliance is set to revolutionize how mining assets are financed and managed, potentially setting a new standard for economic development within the region. A New Era for Mining and Finance The collaboration between WadzPay and SMI is aimed at leveraging blockchain technology to digitize mining assets, enhancing the financial and operational capabilities of Medium, Small and Micro Enterprises (MSMEs) in the Republic of Congo.…

Spot Bitcoin (BTC) exchange-traded funds (ETFs) in the United States have experienced a reversal in investor sentiment, seeing net outflows following four consecutive days of inflows. The significant contributor to the shift was Grayscale’s GBTC spot ETF, which recorded a single-day net outflow surpassing $303 million. However, other Bitcoin ETFs saw net inflows during this period, with Bitwise Bitcoin ETF leading the way with a net inflow exceeding $40 million, followed by BlackRock’s iShares Bitcoin Trust with a net inflow of over $21 million, as per data from Farside. Spot Bitcoin ETFs See $224 Million in Net Outflows When considering…

The decentralized finance (DeFi) sector continues to evolve, with several significant launches and updates making waves. BeInCrypto has examined the latest happenings, providing a comprehensive overview of the most noteworthy developments in the DeFi space. From the launch of dYdX’s Android app to 3Jane’s derivatives yield layer, the sector is brimming with innovation and progress. Term Structure’s Mainnet Launch Term Structure has now launched its mainnet on Ethereum (ETH). This marks the debut of the first market-driven, institutional-grade fixed-income protocol. It is changing how lenders and borrowers manage liquidity in DeFi. This platform lets users borrow tokens at fixed rates…

Pallavi Thakur, Director of Strategy and Innovation at Swift, and Ryan Rugg from Citi shared insights at Money20/20 from their recent collaborative CBDC experiment. Both Thakur and Rugg cited the rapid progress of the global adoption of central bank digital currencies (CBDCs). However, they underscored the pressing need for interoperability among different systems, a challenge that demands immediate attention. “It’s like the early days of the Internet. You have all these various intranets developing,” Rugg said. “What’s going to be the connectivity between all of it?” Adoption of CBDCs The adoption of CBDCs is gaining momentum globally as central banks…