Author: NBTC

Noble_xyz, a specialized blockchain platform, is set to expand the presence of the digital currency USDY within the Cosmos and IBCProtocol ecosystems. Noble will facilitate this integration as the platform responsible for on-chain asset issuance. However, officials emphasize that USDY is not intended for marketing, sale, or distribution within the United States or to U.S. persons. Additionally, USDY has not undergone registration under the U.S. Securities Act of 1933. ⚠️ Important: USDY is not, and may not be, offered, sold, or otherwise made available in the US or to US persons. USDY also has not been registered under the US…

The Solana network’s transaction speed is limited right now because too many unnecessary transactions are taking place. The Solana developers are trying to remove this bottleneck through software upgrades and improvements. In the last month, the Solana network has been struggling with slowdowns, which have led to transactions taking ages and many of them not getting processed. The Phantom wallet app, among other Solana-based applications, has already notified its users about the congestion problem, and they should keep that in mind when processing transactions that might take longer to complete. The network works poorly because spam transactions come first, where…

Vertex, a top decentralized exchange operating on the busy Arbitrum network, has taken a big step towards optimal operations and improved user experience by integrating Chainlink Data Streams on its mainnet. This release indicates an important milestone for Vertex as it moves swiftly to benefit from Chainlink’s pull-based oracles that set the industry benchmark and transform its trading platform. Thrilled to announce that we have integrated @chainlink’s low-latency data streams on mainnet!Data Streams will provide high-fidelity, sub-second market data across the DEX, securing robust performance with Chainlink’s battle-tested infra.Learn more 👇https://t.co/CB4nk68bcS — Vertex 🏔 (@vertex_protocol) April 18, 2024 Chainlink Data…

Bitcoin collateral for Ethena’s USDe synthetic dollar has exceeded $500 million less than a week after its introduction. The platform’s website data showed approximately $537 million in Bitcoin reserves across various exchanges such as Binance, OKX, and Deribit. The amount represents roughly 26% of its total asset reserve. The other reserve assets include $714 million in Ethereum, $353 million in liquid-staked Ethereum, and $365 million in Tether’s USDT. Seraphim Czecker, Ethena’s head of growth, said the substantial Bitcoin reserve was evidence that the platform is ready for the impending halving event. The halving is expected on roughly April 20 and…

Tencent Cloud has introduced a new blockchain infrastructure solution aimed at easing the transition for developers into the Web3 space, in collaboration with MultiversX. This initiative is part of a broader effort by both tech giants to enhance the development of blockchain-based gaming. Their collaborative efforts include the provision of startup grants and support for ecosystem hackathons, fostering a robust environment for innovation. 2/ Learn more about the newly released 1-click node service and how @tencentcloud helps ecosystem developers take a shortcut to market and utility 👇https://t.co/9UUaQlKgnV pic.twitter.com/fsjBHuRZtp — MultiversX (@MultiversX) April 18, 2024 The latest development from Tencent Cloud…

DYdX Chain, the blockchain built to house the perpetual futures exchange dYdX, experienced a “major outage” beginning early Monday morning. DYdX said the chain halt was caused by a scheduled v4 upgrade to the chain. After nearly nine hours of downtime, dYdX released a fix for the software bug, and enough validators got on board that dYdX resumed block production midday Monday. All-told, the outage lasted nine hours and 32 minutes, according to dYdX’s status page. DYdX said the fix is not a state-breaking change, meaning that the software’s compatibility with earlier versions of the blockchain will be preserved. DYdX’s…

As we commemorate the third anniversary of the Inter-Blockchain Communication (IBC) protocol, it’s a pleasure to have Susannah Evans, the IBC Product Lead at Interchain Foundation, with us.— IBC has emerged as a stalwart in the realm of interoperability, boasting reliability and a proven track record. Its inception, rooted in the pursuit of seamless communication among diverse blockchain networks, has significantly minimized the need for third-party intermediaries, setting a benchmark for best practices in the field.With 115 blockchain zones currently integrated through IBC and an impressive $2.9 billion in transfers recorded in the past month alone, the protocol’s growth trajectory…

A crypto investigator, widely recognized as “Mr. Huber” on X, claims that Ripple often liquidates its XRP holdings to buy Bitcoin, especially during times of significant market upturns for BTC. Mr. Huber recently reestablished this claim as market participants continue to scrutinize XRP’s underperformance amid its monthly inflation due to Ripple’s persistent escrow unlocks and sales. The crypto sleuth initiated the conversation on X by calling attention to XRP’s supply increase compared to other assets like Bitcoin, Ethereum, Cardano, and Solana, which have been top performers in this emerging bull run. Responding to the post, BTC enthusiast Franco Cappello pointed…

Toncoin (TON) price rose more than 17% to hit a new all-time high TON reached highs of $6.27 on Monday as Bitcoin jumped above $72,000. Can TON hit $10 this week? Toncoin (TON) is one of the altcoins to post huge gains on Monday as the cryptocurrency market savoured Bitcoin’s swift surge to above $72,000. The TON token rose more than 17% in 24 hours to hit a new all-time high of $6.26. Data from CoinGecko shows the price of Toncoin is up more than 120% in the past 30 days. Today’s upside followed Bitcoin’s uptick that unsurprisingly lifted most…

The merger of Huma Finance and Arf, two cutting-edge blockchain financial services platforms, was officially announced recently. This breakthrough indicates a major step in pursuing their joint mission of reshaping global economic exchange. These collaborations will significantly improve the landscape of blockchain-based financial services and likely reach a liquidity volume of more than $3 billion by 2024. The problem of cross-border money transfer is intricate. It includes several factors, such as clearing systems of various countries where not all of them follow the same financial standards and specific laws of each country. As of now, about $4 trillion of money…