Author: NBTC

The exciting news for the DeFi community is that Binance has easily integrated Curve Finance’s token, CRV, into Arbitrum One and Optimism. This strategic decision is expected to significantly enhance Curve Finance’s liquidity and transactional efficiency for those who employ these highly effective layer-two scaling solutions. Curve Finance, which is famous for its efficient stablecoins trading and earning low-risk fee revenue for its liquidity suppliers, could now benefit from the lower transaction costs and faster processing time offered by Arbitrum One and Optimism. These two layer-two solutions – Arbitrum One being a third-generation optimistic roll-up protocol and Optimism being another…

Unusual transaction volumes were detected in several altcoins on Upbit, South Korea’s largest cryptocurrency exchange. The altcoins in question include Bitcoin Gold (BTG), Aave (AAVE), Ontology Gas (ONG), Hifi Finance (HIFI) and Mask Network (MASK). The 4-hour chart for Bitcoin Gold (BTG) shows an average volume of $60,000. However, the last recorded volume was a staggering $98,000, an increase of 63.79%. In contrast, volume on Binance decreased by 31.93%, from an average of $29,000 to $19,000. Aave (AAVE) also experienced a significant volume increase on Upbit. Average 1-hour volume of $2,000 rose to nearly $5,000, a massive increase of 178.24%.…

Seoul – Pixelverse, the emerging entertainment studio and game ecosystem, has successfully closed a funding round, raising $5.5M from tier-1 venture capital funds and prominent founders from the gaming and Web3 spaces. This capital injection is aimed at fueling the global growth of the Pixelverse gaming ecosystem, which has attracted over 15 million users in its first month of operation.—The funding round was led by notable investors, including Delphi Ventures, Merit Circle, and Mechanism Capital. Other participants included Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX, and Foresight Ventures. Angel investors such as Sébastien Borget, founder of The Sandbox, Luca…

Blum, recognized as one of the most promising and discussed crypto projects, has reached another important milestone in social media development. Recently, it was announced that the Blum community on Telegram surpassed 9.8 million subscribers and is rapidly approaching 10 million. According to “blumies” themselves, this number has placed them in the 4th position by the number of subscribers on Telegram. It is also known that besides the main community, Blum supports 19 additional communities in various languages. The popularity of Blum is hard to overestimate: the project by former Binance executives in Russia and the CIS, Gleb Kostarev and…

Bitcoin ETFs are gaining momentum, with reports indicating up to $105 million in positive flows on Monday. This brings the cumulative inflows to nearly $2.40 billion in the last three weeks. Experts ascribe the inflows to increased global liquidity, which can boost the Bitcoin price by improving market sentiment. Bitcoin ETFs Demand Returns with $105 Million Inflows on Monday Bitcoin ETFs market rebound continues to strengthen, with reports showing $105 million inflows on June 3. This marks 15 consecutive trading days (three weeks) of positive flows and brings the cumulative inflows to $2.40 billion, as the on-chain data platform SpotOnChain…

The governance DAO of finance protocol 1inch is voting on whether it should allocate $150,000 in USDC to develop a platform to “educate newbies into experts in web3.” A 1inch governance proposal suggests creating a new bug bounty platform that will allow the crowd to beta test web3 products releases, with 1inch itself to be the first product listed on it. According to the 1IP-56 proposal, the yet-to-be-named platform will be developed by xcrwd, which appears to be a semi-anonymous Russian team of coders. The proposal is seeking $150,000 to pay for the “development, the work of the community manager,…

Vechain partners with SingularityNET, merging blockchain and AI technologies. Collaboration enhances product authenticity and drives research for technological advancement. This partnership aims to pioneer a trustless and intelligent future economy. Vechain, a pioneer in real-world blockchain adoption, announces a groundbreaking collaboration with SingularityNET, a decentralized AI platform renowned for its technical prowess. Vechain is now also working on AI✨ in a partnership with $AGIX aka SingularityNET.Vechain: “Blockchain + AI is the basis of tomorrow’s economy”$AGIX AI 🤝 Vechain#AI $VET #RWA @SingularityNET pic.twitter.com/YbVUsujfDm — Captainⓥ (@CaptainLeduc) April 16, 2024 This partnership signals a paradigm shift in technological integration, merging the inherent…

Apple’s latest iOS 18 introduces Tap to Cash, a seamless way to transfer money using Apple Pay. This feature lets users send money instantly by simply bringing their phones close together. However, as Tap to Cash gains traction, it could potentially overshadow the utility of cryptocurrencies for payments. Does Apple Tap to Cash Endanger Crypto Payments? Crypto has been steadily gaining global acceptance, with 6.8% of the world’s population having cryptocurrencies. Despite its growth, widespread adoption faces significant hurdles. Key among them is the lack of regulation, which leaves crypto assets vulnerable to security risks and volatility. Unlike traditional financial…

Bitcoin’s market dynamics are showing early indications of renewed speculation in the crypto market, as reported by Glassnode. Long-Term Holders (LTH) are currently sitting on unrealized profits, with only a minuscule 0.03% in losses, signaling the onset of a potential bull market’s euphoric phase. Image: Glassnode Over the past two months, the Sell-Side Risk Ratio for both Long and Short-Term Holders has balanced out, suggesting that the market has absorbed the expected profit and loss within the current price range, setting the stage for possible significant volatility ahead. A notable shift has occurred with the spending of long-dormant coins, which…

Merlin Chain, a Layer-2 blockchain, has announced it’s working on bringing new yield opportunities for Bitcoin (BTC) traders, according to the information shared with Finbold on June 12. With its Proof-of-Stake (PoS) consensus mechanisms and a suite of innovative decentralized finance (DeFi) solutions, Merlin Chain aims to provide bitcoiners with the chance to earn staking yields and access a range of DeFi services. Enhanced yield for Bitcoin holders For years, Ethereum (ETH) investors have enjoyed various yield-generating avenues such as staking rewards, liquidity mining, and yield farming. In contrast, holding BTC has not offered similar benefits, apart from the asset’s…