Author: NBTC

Ethena Labs presented its new roadmap, promising a convergence between DeFi, CeFi, and TradFi. Its synthetic stablecoin, USDe, aims to replicate what Tether’s USDT did in 2014 and MarkerDAO did in 2017. Ethena’s Vision: DeFi, CeFi, TradFi Convergence According to the DeFi protocol, USDe succeeds because its reserves represent more than double the open interest in each combined perpetual DEX. Ethena explained in its roadmap that it can provide valuable ‘non-toxic’ flows to exchanges DEX and CEX by using USDe as collateral and triggering open interest. It emphasized that they act as a neutral infrastructure, which has resulted in up…

A landmark in the world of cryptocurrency was reached when Bitvavo, the well-known and regulated Sweat Economy of Europe, revealed that $SWEAT – the original Sweat Economy token – is their inclusion. This latest Bitvava trading platform improvement offers new chances for development and the $SWEAT token’s presence in the cryptocurrency market cultivation. Bitvavo, which stands out due to its strong security systems and sticking to regulatory rigor, provides a comprehensive trading platform for cryptocurrency. The exchange incorporates top-notch safety features like multi-signature cold storage for maximum protection of users’ assets, with most of the funds kept offline, away from…

Exiled Russian opposition leader Mark Feygin is launching an anonymous, blockchain-powered referendum on the legitimacy of Vladimir Putin’s victory in Russia’s election. The vote will be conducted on an app called Russia2024, built using Rarimo’s Freedom Tool. Vladimir Putin just won his fifth term as Russian president, though the 87% landslide election victory has been labeled preordained, stage-managed and a farce. Now, exiled opposition leader Mark Feygin is leading an effort to give Russians an anonymous, blockchain-powered way to register a “protest vote” against Putin. The results of this effort would, of course, have no legal weight in Russia and…

The Bitcoin (BTC) on-chain dynamics after its fourth halving indicate that BTC exchange outflows are reaching peaks not seen since January 2023 and that the market is showing a “robust absorption” of selling pressure. According to the latest edition of the “Bitfinex Alpha” report, those are “decidedly positive” on-chain metrics. Since the SEC’s approval of spot Bitcoin exchange-traded funds (ETF) in the US on January 10, 2024, the BTC landscape has seen a marked transformation, the report highlights. The first quarter of the year has witnessed Bitcoin ETFs amassing approximately $60 billion in inflows, providing significant support to the market.…

Arch Labs has secured a $7 million investment to develop a Bitcoin-native application platform. The seed funding round was led by Multicoin Capital with other participants and contributors including Portal Ventures, OKX Ventures, Big Brain Holdings, CMS Holdings, Tangent, Cypher, and Newman Capital. Arch is proud to be building and innovating in the Bitcoin ecosystem, alongside some of the industry’s top funds and strategic partners. Announcing the closing of our seed round led by @multicoincap, hear what they have to say about us: “Arch Network’s emergence is a direct… pic.twitter.com/jT6Qy6a45y — Arch Network (@ArchNtwrk) May 9, 2024 Bridgeless Bitcoin-Native Network…

Ondo Finance, a pioneer in decentralized finance (DeFi), has announced a strategic partnership with Zebec Network, a platform specializing in tokenized real-world assets (RWA). This collaboration aims to enhance real-time payroll payments using Zebec’s advanced payment technology and Ondo’s USDY stablecoin system. Ondo Finance Partners With Zebec Network The partnership seeks to expand the operation of USDY, a stablecoin known for its stability and performance. It will also integrate Zebec’s Instant Card technology and RWA payment solutions. The combined technologies aim to provide companies, traders, and individual users with “real, free, and problem-free” financial services, enhancing the overall efficiency and…

A report from the Wall Street Journal has alleged that on multiple occasions, Binance ignored its own internal investigations about market manipulation in favor of preserving relationships with important clients. In one case in 2023, a trading firm called DWF Labs, led by Russian Andrei Grachev, was making over $4 billion in trades on Binance per month. DWF allegedly offered a service to clients where it would create “artificial volume” and drive up the price of tokens. One example described in the report is about Yield Guild Games, a token that DWF invested in. Grachev tweeted about it, DWF sold…

Aspecta is pleased to announce its partnership with ZKM for the purpose of stimulating the ZKM developer ecosystem. This partnership is intended to inspire innovation, pushing the ZKM future forward. This is the start of an amazing ride with the ZKM BuilderState debut. ✨ We are excited to partner with @ProjectZKM, as we join forces to turbocharge the ZKM developer ecosystem!💪 ZKM #BuilderState is now live: Link your GitHub and dive into the vibrant builder hub. Let’s shape the future of ZKM together 👇https://t.co/IqIH3w5SOP pic.twitter.com/sTH8zOFnZ8 — Aspecta (@aspecta_id) May 10, 2024 ZKM Aims to Unify Fragmented Blockchain Space for Seamless…

In a frenzied bid to capitalize on the latest wave of meme coins, transaction fees on the Bitcoin network surged to $82 million on Saturday. According to TheMinerMag, users were eager to mint tokens via the Rune protocol, which facilitates the creation of fungible tokens. These digital assets’ appeal mirrors similar tokens’ success on other blockchains, like Ethereum’s PEPE and Solana’s WIF, which have performed exceptionally well this year. According to Bloomberg, the Rune protocol, devised by developer Casey Rodarmor, also supports the creation of nonfungible tokens, further enhancing its utility. Rodarmor preferred the term “etching” over “minting” to more…

The Banco Central de Chile recently published its second report exploring the concept of a central bank digital currency (CBDC). It ultimately found there’s no need for one due to high levels of financial inclusion in the country (85-87%), but said it would prepare nonetheless. The report was the second of its kind and included 450 responses and the findings of eight working groups. Innovation, efficiency, and concerns about acceptance Survey respondents cited financial innovation, alternatives to electronic payments, a desire to encourage competition, lowering costs associated with payments, and enhancing efficiency as benefits of a CBDC. The roundtable consultations…