Author: NBTC

Dolomite, a leading decentralized finance (DeFi) lending and borrowing protocol, announced it would debut on X Layer, OKX’ innovative and secure Ethereum-based Zero Knowledge (ZK) Layer 2 (L2) network, according to the information shared with Finbold on April 29. Most notably, the move will introduce new robust asset lending capabilities to users of the Polygon-powered X Layer. New yield-generating assets on Dolomite Following its success on Arbitrum, where it quickly climbed to become the 4th largest lending market and the market with the most supported assets, Dolomite aims to continue its streak on X Layer. The expansion will enable Dolomite…

April 29 (Reuters) – Venezuela’s use of digital currencies, expected to increase after the United States ordered a wind-down of oil deals with the sanctioned country by May 31, will require greater scrutiny by regulators and law enforcement, experts said on Monday. Venezuela’s state oil company PDVSA plans to increase cryptocurrency transactions for its crude and fuel exports as the U.S. reimposes oil sanctions on the country, sources told Reuters earlier this month. It is unclear if payments in digital currency Tether by PDVSA will be targeted by Washington from June 1. Venezuelan opposition politician Leopoldo Lopez and expert Kristofer…

The Cardano blockchain, one of the biggest cryptocurrencies by market capitalization, faces a new challenge as staking rewards drop below 3%. According to the Staking Rewards site, the current reward rate for ADA staking is 2.97%. In response to recent concerns, Cardano’s founder, Charles Hoskinson, has highlighted a series of critical actions to ensure the long-term sustainability of the Cardano blockchain. It’s axiomatic. Of course, all cryptocurrencies need more transactions. That’s the purpose of a blockchain. The most vital things we can do are get decentralization governance running, the treasury operational, and partnerchains running — Charles Hoskinson (@IOHK_Charles) March 31,…

A technical analyst has highlighted that bitcoin is approaching “the point where historically the most aggressive part of the bull cycle begins,” forecasting a potential rise to $300,000 for the cryptocurrency. “Unrealistic or not, that gives us a $300,000 projection and is undeniably technical as those are the exact high-to-low measurements at the time it touched the MM [Mayer Multiple] Mean,” the analyst described. Bitcoin Nears the Start of Historically Aggressive Bull Cycle Phase Tradingshot, a Tradingview contributor with over 72K followers, has shared insights into where the price of bitcoin is headed. In a post titled “Bitcoin: This Marks…

Jellyverse, a platform known for its advanced decentralized financial services, announced today in Vaduz, Liechtenstein, that it will join the Sei Network as the official fork of Balancer. As Sei Network gears up for its mainnet launch, Jellyverse is set to be among the first decentralized exchanges (DEXes) in the Sei ecosystem, providing users with a comprehensive DeFi platform from day one. Innovative features and collaboration with Balancer The native DEX of Jellyverse, JellySwap, will offer users a feature set identical to Balancer at the mainnet launch. Utilizing Balancer’s architecture, JellySwap will support various pool designs, including weighted pools with…

The Depository Trust & Clearing Corporation (DTCC) listed Franklin Templeton’s Ethereum (ETH) spot ETF with a “yes” for create and redeem. Franklin Templeton is a traditional finance giant with $1 trillion in assets under management and a growing interest in cryptocurrencies. As of this writing, the cryptocurrency market still awaits the Securities and Exchange Commission’s (SEC) approval of Ethereum spot ETFs. This is a similar expectation previously seen within the Bitcoin spot ETFs, feeding a bullish sentiment for the cryptocurrency. In a hint of what is potentially to come, the renowned crypto journalist Colin Wu reported DTCC’s recent listing. Notably,…

After a generally inactive week in the cryptocurrency market, we are entering a week where large amounts of token lock openings will occur in many altcoins. Here is the weekly token unlock calendar that we have prepared specially for you as Bitcoinsistemi.com. (All times are stated in UTC+3 Türkiye time) Near (NEAR) Market Value: $7.60 billion Token Unlock Amount: $1.84 million (0.02% of Market Cap) Date: April 1, 2024, 03:00 SCALE (SKL) Market Value: $625.12 million Token Unlock Amount: $2.46 million (0.39% of Market Cap) Date: April 1, 2024, 03:00 Vulcan Forged (PYR) Market Value: $175.65 million Token Unlock Amount:…

Chris Pacia, the former lead developer of the now-defunct decentralized marketplace Openbazaar, has criticized the process that led to the proposal of Bitcoin’s lightning network (LN) as a scaling solution. Pacia stated that technical experts lied to the mainstream audience in the blocksize war’s framework, knowing that LN would work “like dog sh*t.” Former Openbazaar Lead Dev States LN Weaknesses Were Hidden From the Mainstream Chris Pacia, the former lead developer of Openbazaar, a defunct decentralized crypto marketplace, has explained how the shortcomings of Lightning Network (LN), a layer 2 scaling protocol for Bitcoin, were explicitly hidden during the so-called…

Decentralized finance (DeFi) is experiencing renewed momentum. The activity in new ecosystems, and the high yields, resemble the famous 2021 DeFi Summer. The variety of innovative protocols makes it incredibly hard for investors to keep up, while at the same time, the impressive growth raises concerns about risks accumulating in the DeFi ecosystem. You might have heard the doomsday analyses comparing the most successful protocols of this wave, like Ethena or Eigen Layer LRTs, with risk management disasters like Terra, without really providing any credible evidence of the parallels. Fact is, this new generation of fast-growing DeFi protocols is much…

The price of Ethereum, the second-largest cryptocurrency, has surged more than 6% over the past 24 hours. ETH is currently trading at $3,320 on major spot exchanges, according to data provided by CoinGecko. Bitcoin’s dominance is currently sitting slightly above the 50% level. The ETH/BTC pair is currency sitting at 0.051 BTC after peaking at 0.052 BTC earlier today. The pair is now up nearly 13% over the past two weeks alone. However, the pair is still down 15% from its 2024 peak of 0.061 BTC that was achieved on Jan. 12. A major resistance level According to the 100eyes…