Author: NBTC

Over 500 Pyth price feeds now enhance Morph’s DeFi ecosystem. Blockchain infrastructure provider Pyth Network announced the implementation of its price feed into Morph testnet. The collaboration introduces over 500 real-time price feeds from Pyth, spanning various asset classes, into Morph’s layer-2 platform. “The partnership between Pyth Network and Morph opens doors for developers to create cutting-edge DeFi applications that leverage reliable data and scalable infrastructure, driving innovation in the decentralized finance space,” stated Cecilia Hsueh, co-founder and CEO of Morph. Morph’s layer-2 solution is designed to enhance the Ethereum scaling experience by leveraging zero-knowledge (ZK) technology and optimistic rollups.…

The lending market based on non-fungible tokens (NFT) as collateral surpassed $2 billion in volume during the first quarter, sustaining growth of 44% compared to Q4 2023, according to a CoinGecko report. “Crypto markets are all about market rotation […] There’s clearly a trend where OG NFT holders are leveraging these [lending] platforms to get liquidity and take advantage of the positive sentiment of the market with meme coins and other stuff,” explains NFT Price Floor analyst who is identified as Nico. He mentions as an example the move made by SquiggleDAO, which used some of its Chrome Squiggles holdings…

VeChain’s VeBetterDAO, in its alpha testnet phase, offers B3TR tokens convertible to VOT3 upon mainnet launch. The launch of VeChain’s testnet dApp ecosystem offers free token airdrops, emphasizing sustainability and community engagement. VeChain’s VeBetterDAO marks a significant stride in blockchain technology, championing sustainability. Currently in its alpha testnet phase, and with a mainnet launch scheduled for June 30, 2024, the DAO presents an opportunity for participants to earn B3TR tokens, which will be convertible to VOT3 tokens upon the mainnet launch. Rooted in the VeChainThor platform, VeBetterDAO is committed to transparency and fairness. This commitment is demonstrated by eschewing pre-minting…

While Do Kwon languishes in a Montenegro detention facility, waiting to discover his fate, the US government has had its say on the long and drawn-out saga of his on-again, off-again extradition. Firstly, the Securities and Exchange Commission (SEC) pushed forward a motion for final judgement against Do and Terraform Labs. Secondly, the State Department published a report that suggests the government in Montenegro doesn’t effectively apply the law when it comes to “the criminal punishment of cases of corruption among officials.” This has been more than obvious in the trials and travails of Do. Corruption everywhere It’s likely that…

Arkham Intelligence, a well-known blockchain analytics provider, has disclosed a significant dip in the NFT purchases of Justin Bieber. As per the platform, the famous Canadian pop singer purchased above $2 million worth of NFTs back in 2022 but now their value has declined to just $100K. The analytics platform also revealed that the wallet of the Bieber on Arkham currently contains a very low value. Justin Bieber NFT Purchases: Down 94.7%Did you know that Justin Bieber bought more than $2M of NFTs during 2022 – now worth barely over $100K.His wallet on Arkham now holds just under $500K in…

PoP Planet, the first Web3 social network to monetize user influence, has made a major announcement. It has forged a strategic partnership with Neo Smart Economy which is an open network designed to drive innovation in the Smart Economy. It is a major milestone for both platforms. The partners hope to leverage their strengths in order to make the decentralized social ecosystem even more inclusive. Welcome aboard! 🥳We can’t wait to see @Hi_PoPPOfficial’s #SocialFi landscape flourish in Neo X’s ecosystem! 🚀 https://t.co/6eayCsu15c — Neo Smart Economy (@Neo_Blockchain) April 4, 2024 Neo Smart Economy to Shape the Future of Blockchain Innovation…

Why is Argentina mandating crypto service provider registration, and how will this rule reshape the industry? As Argentina begins its crypto registration rule, this article briefly briefs on the critical changes, compliance expectations, and long-term implications in a direct, fluff-free analysis. Cryptocurrency and the casino landscape in Argentina: An evolving intersection In Argentina, the­ way cryptocurrencies and casinos work togethe­r is slowly changing. There aren’t any rule­s specifically about using cryptocurrency for gambling. Howeve­r, more people are­ using digital money, and it’s becoming part of Argentina’s e­conomy and society. This shows the country is accepting crypto. More­ and more people…

Bitcoin exceeded $72 thousand and reached its all-time high in terms of BTC. This increase comes after the U.S. Securities and Exchange Commission (SEC) recently approved a spot Bitcoin ETFs. While this important development has led to optimism among cryptocurrency investors, some remain cautious due to Bitcoin’s history of volatility. Speaking to Yahoo Finance, Deutsche Bank Senior Economist Marion Laboure gave information about the factors that triggered Bitcoin’s recent gains and the potential impact of regulatory developments on the crypto market. Laboure explained several factors that contributed to Bitcoin’s record-breaking rise. He reminded that a spot Bitcoin ETF was approved…

According to a report by the Financial Times, San Francisco-based company Ripple is on track to launch a dollar-backed stablecoin. With such a move, the company, which is best known for its association with the controversial XRP cryptocurrency, plans to build a bridge between crypto and traditional finance, making it possible to use blockchain technology for trading securities. As noted by Ripple, the stablecoin market has ballooned to a whopping $150 billion. Tether’s USDT stablecoin alone is worth $106 billion, according to the latest data provided by CoinGecko. The new stablecoin will be fully backed by dollar deposits, cash equivalents,…

The SEC asked a New York judge to impose $5.3 billion in fines against Terraform Labs and Do Kwon to resolve the civil fraud case against them. The regulator says the fines are a “conservative” but “reasonable approximation” of Terraform and Kwon’s “ill-gotten gains” from the fraud. The U.S. Securities and Exchange Commission (SEC) has asked a New York court to impose $5.3 billion in fines on Terraform Labs and co-founder Do Kwon for their role in the $40 billion implosion of the Terra ecosystem in 2022. Terraform Labs and Kwon were found liable on civil fraud charges earlier this…