Author: NBTC

The Bitget exchange has announced the listing of the LayerZero ecosystem’s ZRO token as part of the Pre-market proposition. ZRO token debuts on Bitget crypto exchange The listing gives users the opportunity to acquire ZRO tokens at preferential prices, allowing Bitget to dominate as the asset’s future turnover venue. $ZRO pre-market trading is now available on #Bitget. @LayerZero_LabsTrade $ZRO before it becomes available for spot trading! 🔥 Trade now: https://t.co/qtj1hNOzgx — Bitget (@bitgetglobal) May 20, 2024 An omnichain ecosystem, LayerZero is positioned as a protocol specifically designed to channel lightweight messages across various blockchain networks. The trustless nature of the…

South Korea-based telecom provider LG Uplus has unveiled a metaverse platform for Yonsei University designed to cater to the needs of students. Dubbed Meta Yonsei, the virtual world is a digital representation of the university campus, complete with iconic landmarks like the library, student centers, and resident halls. Unveiled on the university’s 139th anniversary, Meta Yonsei marks a major leap toward digitization and embracing emerging technologies. To encourage greater participation, LG Uplus launched a naming contest among the student community and conducted a series of surveys to determine the functionalities of the metaverse offering. Apart from replicating the university’s Sinchon…

New analysis from market intelligence firm Glassnode indicates that financial institutions and ‘smart money’ are playing a role in Bitcoin’s (BTC) price action as the halving approaches. In a new article, Glassnode says the top crypto asset by market cap surged 1,000% during its first halving, 200% during its second, and 600% during the third. The next halving is expected roughly on April 19th and will see BTC miners’ rewards cut in half. “These significant upswings highlight the event’s potential to drastically affect supply-demand dynamics and consequently, market pricing. As we approach the fourth halving, these historical patterns offer valuable…

Anyone else think Ethereum is difficult to use these days? Yeah, there’s a bunch of cool stuff on Ethereum — meme tokens, NFTs, DeFi, degens — it’s all there. But over the years as the blockchain evolved, it has become more expensive and more complicated — as in, an already complex technology for users has become even moreso. Not only do users need to understand crypto basics like wallets, irreversible transactions and addresses, they also now have to contend with getting to know different chains. You can’t just send Ethereum chain ETH to Optimism chain ETH, or Optimism chain ETH…

The drive towards central bank digital currencies is accelerating, with Ripple emerging as the player in this global effort. This raises a paradox: while supporters of cryptocurrency champion decentralization, Ripple’s central role in CBDCs suggests a move towards more centralized control of digital currencies. As Ripple collaborates with various governments and central banks to develop CBDCs, a tangled narrative unfolds involving environmental campaigns, bitcoin, and grassroots activism. Ripple is at the forefront of the CBDC revolution, engaging with governments globally to leverage its technology for digital currency development. In May 2023, Ripple launched a dedicated platform to assist central banks,…

In a strategic move poised to redefine the financial landscape, the Boston Consulting Group (BCG) has announced a partnership with blockchain pioneer Aptos Labs. This collaboration is designed to spearhead the integration of Web3 and digital asset management solutions across the financial sector, setting the stage for a revolution in how institutions engage with digital assets and blockchain technology. The synergy between BCG’s profound consulting expertise and Aptos Labs’ advanced blockchain innovations aims to equip traditional financial institutions with the tools necessary to navigate the burgeoning domain of decentralized finance. This partnership not only underscores the growing institutional interest in…

Crypto exchange Gemini said its defunct Earn product users will begin receiving approximately 97% of their frozen digital assets by the end of this month. According to a recent statement, the exchange clarified: “As a reminder, the initial distributions will be in kind. This means, for example, that if you had lent one bitcoin in the Earn program (as of November 16, 2022 — the date Genesis suspended redemptions), you will receive one bitcoin back. And it means that you will receive any and all appreciation of your assets since you lent them into the Earn program.” Notably, the exchange’s…

The 2024 Bitcoin halving is only two days away, and there are already varying expectations of what might happen to the BTC price once the event is completed. One way to get an idea of how it could play out for the Bitcoin price, though, is through historical data and how the cryptocurrency has performed at times like these. Bitcoin Price Trends For Previous Halvings There have been three halvings so far since Bitcoin was first launched in 2009 and with each one, Bitcoin has demonstrated various reactions to the event. The first halving took place on November 28, 2012,…

Bloomberg analysts Eric Balchunas and James Seyffart, who announced minutes ago that the approval probability of Ethereum Spot ETFs increased from 25% to 75%, published a new statement. Analysts shared that they had received new information and thought that the SEC could make a 180-degree turn regarding the Ethereum Spot ETF. In his post minutes ago following the previous announcement, James Seyffart stated that the 75% rate in question was for 19-b forms, which had a final decision date of May 23. May 23 is known as the deadline for the SEC to decide whether to reject or approve VanEck’s…

State Street, the second-oldest bank in the US, is actively searching for a leader for its digital assets solutions team. Despite its rich history stretching back to 1792, State Street’s entrance into the crypto space is relatively recent. While the bank has invested and partnered with others to build its digital asset services in the last few years, regulations remain a hurdle, slowing down its ability to directly offer crypto custody and trading services. In 2021, the bank leaped into the institutional crypto trading arena by partnering with interbank trading platform Pure Digital. This partnership involved State Street lending its…