Author: NBTC

Decentralized finance-focused wallet firm Fordefi has snagged crime and cyber threat insurance cover from German carrier Munich Re. The undisclosed dollar amount policy was facilitated by blockchain experts from insurance broker Lockton’s Emerging Asset Protection team. Fordefi, a cryptocurrency wallet built for decentralized finance (DeFi), is working with German insurance giant Munich Re, the companies said in a blog post on Thursday. Facilitated by Kansas City-headquartered insurance broker Lockton, Fordefi’s wallet policy covers cyberattacks and things like internal fraud or collusion, as opposed to protection at the smart contract level. The dollar amount of the coverage was not disclosed, but…

WadzPay’s move into the stablecoin market reflects a strategic shift towards becoming a global blockchain financial services provider. WadzPay’s entry into the stablecoin market prompts a 15% token surge post-announcement, reflecting investor confidence. With the stablecoin market expected to grow rapidly, WadzPay’s product innovations position it well for diverse financial applications. WadzPay, a fintech leader offering blockchain-driven digital asset payment solutions, has revealed its intentions to enter the stablecoin market. This development is expected to expand the company’s scope from its current concentration, transforming it from a payment-centred to a global blockchain financial services provider. WadzPay’s in-house token registered a…

El Salvador took a decisive step into tokenization on Tuesday, unveiling national investment opportunities based on Bitcoin infrastructure. El Salvador Bitcoin: Investing in Development The nation’s National Bitcoin Office launched its blockchain-based capital raise on the Liquid network. Bitcoin-based capital markets have officially launched in El Salvador, the first country to adopt Bitcoin. Well done to the ONBTC and @BFXSecurities on this historic milestone! https://t.co/6SCPvjiunx — Liquid Network 🌊 (@Liquid_BTC) May 15, 2024 Liquid is a Bitcoin sidechain managed by Blockstream and a federation of 65 Bitcoin-centric companies globally. Utilizing BTC as its native asset, the blockchain facilitates faster, cheaper,…

Over $290 million in crypto liquidations occurred in 24 hours as bitcoin rebounded 5% to near $65K ahead of its halving event. The post Crypto liquidations spike hours before Bitcoin halving appeared first on Crypto Briefing. Bitcoin’s price slightly rebounds after liquidations, hours before the halving. Chart displaying spikes in bitcoin liquidations and pricing volatility before 2024 halving event Liquidations in the wider cryptocurrency market have totaled over $290 million in the past 24 hours. Of that amount, around $154 million were long positions. Bitcoin (BTC) liquidations surged to over $108 million as the price dropped below $60,000 but then…

CoinFund has announced a significant investment in STON.fi, the leading decentralized exchange (DEX) within The Open Network (TON) ecosystem. The specific amount of funding and valuation data have not been disclosed. An official statement says the new capital will fuel STON.fi’s rapid growth and expand DeFi services to Telegram users. CoinFund and Delphi Ventures Back STON.fi Other notable investors participated in the investment round, including Delphi Ventures, TON Ventures, 1inch Co-Founders Sergej Kunz and Anton Bukov, and LI.FI CEO Philipp Zentner. Jake Brukhman, CEO of CoinFund, expressed his enthusiasm for the partnership: “STON.fi has demonstrated remarkable innovation in the DeFi…

According to a Tuesday announcement, Anodos Finance has been added to the XRP Ledger Foundation’s unique node list (UNL). The list comprises a set of 35 validators that are considered to be trusted network participants. Anodos Finance was added following the removal of Digifin.uk at the request of the former. “Being part of the UNL means we are now one of the key players in maintaining the integrity and stability of the XRP Ledger. It’s a responsibility we accept with pride and excitement,” the project said in a statement. In order to be included in the XRP Ledger Foundation’s UNL,…

One of the most recent and significant developments is the announcement that Google Cloud has been added as a super representative candidate on the Tron blockchain. This move represents an important step forward for Tron and for the entire cryptocurrency ecosystem, highlighting the growing importance of collaboration between tech giants and decentralized blockchain platforms. Google Cloud: a new Super Representative candidate in Tron’s blockchain Implications of Collaboration Conclusion Google Cloud: a new Super Representative candidate in Tron’s blockchain Tron is one of the most well-known blockchain platforms in the world, founded by Justin Sun in 2017. Its mission is to…

In an exclusive interview with Kadan Stadelmann, CTO of non-custodial wallet and atomic swap DEX platform Komodo, we discussed the implications that the upcoming halving might have on Bitcoin and the broader cryptocurrency market. The Bitcoin halving is almost here, and all eyes are on the flagship cryptocurrency. This key event will slash block rewards in half, affecting the premiere cryptocurrency’s supply and availability. Investors and market observers are currently divided on how such an event might impact Bitcoin’s future trajectory. Some claim that Bitcoin will follow past trends, while others believe this market cycle is different. Kadan Stadelmann, who…

The Polkadot community has approved a proposal to sponsor Inter Miami, the football club co-owned by David Beckham and featuring superstar Lionel Messi. The move could be a strategic decision to propel Polkadot, a smart contracts platform similar to Ethereum, into the global spotlight. Polkadot To Sponsor Inter Miami The proposal, approved by Polkadot’s Open Gov community, sought 968,000 DOT (roughly $6.5 million) to secure the sponsorship. Under the “sports sponsorship fund,” the goal was to partner with Inter Miami, a team described as one of the “world’s most engaging and followed sports teams.” Related Reading: Cardano (ADA) Trading Activity…

Today, SubQuery has announced its support for Reef Chain. Reef Chain is a high-speed, scalable EVM-compatible blockchain architecture for DeFi, NFT, and gaming. Reef Chain is formulated by the Substrate Framework, featuring on-chain governance and near-zero transaction costs, intending to avoid wasteful mining for the union of consensus. A new chain has just been integrated into the SubQuery Network.Say hello to @Reef_Chain, the L1 DeFi, NFT and gaming platform built using Substrate Framework.Find out more about our newest addition ⤵️ https://t.co/49oebvUTwW pic.twitter.com/aMZy5xIx7c — SubQuery (@SubQueryNetwork) May 16, 2024 SubQuery Empowers Reef Chain Developers with Efficient Data Indexing By incorporating SubQuery’s…