Author: NBTC

Bitoro Network, a leveraged trading protocol and ecosystem aggregator for the perpetual futures market, has launched on Injective, a Web3-optimized platform for decentralized finance. According to a press release shared with Crypto Briefing, the integration will provide Bitoro with new trading channels for instant and low-cost trading, integrated staking vaults, and features that would help onboard institutional clients. Bitoro will leverage Injective’s infrastructure and onchain order book to enhance its platform and offer new markets in an MEV-resistant environment. The integration would also bring Bitoro to participation in the staking pools and vaults for various decentralized finance projects. According to…

The Wrapped Bitcoin (WBTC) protocol, initiated by Bitgo in 2019, holds the title of the largest BTC derivative project by market capitalization, and to date, no other project has exceeded its scale. Nonetheless, the past few years have seen a significant decline in the number of wrapped bitcoins in circulation, with more than 32% of its supply being redeemed since November 2021. WBTC Retains Top Spot in Bitcoin Derivatives Despite Falling Supply According to the cryptocurrency market aggregator coingecko.com, wrapped bitcoin (WBTC) ranks as the 15th largest crypto asset by market valuation. Currently, the market cap of WBTC stands at…

LRCSwap, the innovative on-chain marketplace for issuing and selling tokens on Bitcoin, is gearing up for its highly anticipated launch. Aiming to revolutionize the Bitcoin experience, LRCSwap provides a user-friendly platform for issuing, transferring, and swapping tokens directly on Bitcoin, akin to Uniswap or Pump.fun but entirely native to Bitcoin.—LRCSwap utilizes the LRC-20 token standard, already operational on Bitcoin L1 and Lightning. This standard allows for ultra-efficient, secure, and straightforward transactions, setting LRCSwap apart from other Bitcoin token protocols. The simplicity of LRC-20 makes LRCSwap particularly appealing to active traders and DeFi enthusiasts.Key Features to Empower UsersSimple Token Issuance: Create…

Decentraland, a virtual world platform that allows users to buy real estate and conduct NFT transactions with the MANA cryptocurrency, has recently published its first quarterly update, as promised to customers in its 2024 statement. The Decentraland Foundation manages the platform, which offers a realm where avatars can buy and trade clothing as well as engage in other 3D activities. Although extremely popular, Decentraland has received criticism for technical flaws and an empty virtual world, resulting in a $1.2 billion valuation in 2022. In response, the platform is taking steps to entice people to its new program, ‘Forging Foundations for…

Suku links up with the Chainlink BUILD program for speeding up the expansion of the ecosystem and acceptance of blockchain related money transfers, internationally. This is made possible through receiving connectivity with Chainlink’s oracle solutions and technical backing. In return, SUku will be able to offer network fees to the Chainlink community, service providers, and stakers. SukuPay is a service built by Suku that is a convenient method of making payments and exchanging phone numbers for decentralized wallets. This includes 150 countries sans the need for apps, passwords, or user names. These are in the form of international money shifting…

Key Points: BNB Chain and Binance Labs have launched the BNB Incubation Alliance (BIA) to support early-stage blockchain projects globally through collaborative efforts with top venture capital firms. The BIA will host global offline events focused on nominated projects, offering opportunities for networking, mentorship, and potential investment from Binance Labs and BNB grants. BNB Chain and Binance Labs have launched the BNB Incubation Alliance (BIA) to bolster early-stage blockchain projects worldwide. BNB Chain and Binance Labs Launch BNB Incubation Alliance BNB Incubation Alliance aims to accelerate development through a series of global activities and collaborations with top venture capital firms…

Binance Smart Chain’s ‘biggest’ NFT artist is suing Elon Musk’s X Corp after the social media giant suspended his accounts, allegedly ignoring its own policy and costing him his livelihood. Jeremy Ryan, aka ‘NFT Demon,’ filed a lawsuit in California on Wednesday in which he accuses X (formerly Twitter) of unfairly suspending his seven accounts and ‘severely’ damaging his crypto and NFT businesses. Ryan, who became an NFT artist after surviving brain cancer, says his record of minted art makes him the largest NFT artist on the Binance Smart Chain. His work has attracted support from numerous celebrities including John…

Venezuelan Bitcoin miners halt operations as government disconnects power, citing strain on national electrical infrastructure. Miners consider gas-flaring energy as an alternative to bypass national grid and revive Bitcoin mining operations. In Venezuela, once a burgeoning hub for Bitcoin mining, the industry faces severe setbacks due to lack of energy resources and governmental support. The once-thriving mining farms have fallen silent, with the government disconnecting them from the national electric system, citing the industry’s strain on the power supply which purportedly causes frequent outages affecting the populace. Government Stance and Industry Shutdown The Venezuelan government’s decision to disconnect Bitcoin mining…

The Pyth Network maintains its goal of providing global smart contract developers with access to financial data. In keeping with this perspective, the Oracle Network has introduced the GMCI 30 Index Price Feed, which gives more than 60 blockchain ecosystems access to the GMCI crypto market price index, also known as the “GM 30.” Permissionless integration is available with the GMCI 30 feed and all Pyth 540+ price feeds. DeFi applications may operate based on the GM 30’s real-time price. This blog delves into the GM 30’s design, while Pyth broadens the index’s reach to include several blockchains. The GMCI…

Prominent trader Peter Brandt has predicted that the Bitcoin price could potentially reach a whopping $150,000 during the ongoing bullish cycle. Brandt has noted that the highs of Bitcoin’s previous two cycles line up well against an inverted parabolic curve. He expects the flagship cryptocurrency to hit the aforementioned price target if this tendency continues. At the same time, Brandt has warned that his method of analysis is not “fool-proof,” which is why traders should exercise caution. Brandt has also warned that there is a 25% probability that the leading cryptocurrency has already reached the apex of this cycle. “Should…