Author: NBTC

bitSmiley, a pioneering decentralized finance (DeFi) project, integrated Portal swaps to its ecosystem. This strategic move may make it easier to use bitSmiley’s dollar-pegged stablecoin, $bitUSD, and its soon-to-be-released governance token on blockchain networks other than Bitcoin. 🚀 We’re thrilled to announce our partnership with @portal_finance, the first-and-only noncustodial cross-chain liquidity solution! Through this collaboration, we’re integrating $bitUSD into the Portal DEX Network, enhancing cross-chain asset trading and collateral options.🌟… pic.twitter.com/Lk25SJZYmL — bitSmiley (@bitsmiley_labs) March 8, 2024 BitSmiley Enhances DeFi Accessibility with Portal Swaps Integration Portal swaps are a major advancement in decentralized exchanges (DEXs). These swaps eliminate bridges, custodial…

Investors poured billions into tech stocks and doubled their crypto investments on expectations of Fed rate cuts and economic resilience. A research report conducted by the Bank of America Global Research team indicates that investors have been actively buying tech stocks and crypto. According to a Reuters report, an influx of $4.7 billion into tech stocks, which encompass major players like Apple and Nvidia, marks the highest recorded inflow since August 2023. Simultaneously, investments in crypto also witnessed an influx of capital, with inflows doubling from $1.2 billion to $2.4 billion in the last week. You might also like: Bitcoin…

A mysterious transfer of 300 million XRP tokens from Binance, one of the world’s largest cryptocurrency exchanges, has ignited a flurry of speculation as the crypto community attempts to unravel the mystery behind the transaction. Crypto data tracker Whale Alert reports “300,000,000 XRP ($187,134,686) being transferred from Binance to an unknown wallet.” 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 300,000,000 #XRP (187,134,686 USD) transferred from #Binance to unknown wallethttps://t.co/n6uoHsu3BZ — Whale Alert (@whale_alert) March 8, 2024 The transaction, which took place on the Ripple blockchain on Friday, March 8, at 8:52 a.m. UTC, only cost 0.00001 XRP. Intriguing is…

The Dencun upgrade is slated to go live on March 14, 2024. The launch of EIP-4844 will follow soon, tentatively scheduled for May 1, 2024. When launched, EIP-4844 will bring special resources to cut transaction fees heavily. An estimate for the same has not been provided, but rough numbers say that the drop could be in the range of 2x–5x. What makes EIP-4844 ideal for cutting down transaction fees is the introduction of Blobspace. Simply put, Blobspace facilitates storing and managing large objects for 18 days. This is in contrast to the way Calldata works. Large objects managed by Blobspace…

The U.S. Securities and Exchange Commission (SEC) faces a growing number of calls to curtail its oversight of the crypto industry—and they’re coming from inside and outside the House. The U.S. House Financial Services Committee voted on Thursday to appeal Staff Accounting Bill 121, which has since March 2022 been used to stop banks from acting as custodians of digital assets. When it was passed, the SEC maintained that the measure would guard against “significant risks and uncertainties associated with safeguarding crypto assets.” But now there’s mounting criticism from House committee members about how SAB 121 was enacted. “The SEC…

Few years in recent memory have been as good for Bitcoin (BTC) as 2024. The world’s premier cryptocurrency not only saw the approval of the first-ever U.S. spot BTC exchange-traded funds (ETFs) but has also been surging in the crypto market. In fact, Bitcoin price rose 40.11% year-to-date (YTD) from approximately $44,000 to its press time price of $61,937. Still, one Bitcoin-related stock has managed to outperform the world’s foremost cryptocurrency with its yearly growth – Michael Saylor’s MicroStrategy (NASDAQ: MSTR) – despite widespread fears that the approval of BTC ETFs would dampen its correlation with the coin. Now, with…

Thorchain, a well-known decentralized layer-1 liquidity protocol, has recently announced an exclusive development. As per the company, it has burned 60M RUNE (its native token) from its Standby Reserve to increase the caps concerning the Lending Protocol. Thus, the Lending Protocol can currently onboard an extra amount of up to 20M RUNE in terms of collateral. 60m $RUNE was burned from the Standby Reserve, creating 20m RUNE ($140m) in space for lending collateral.There is now room for ~2000 #Bitcoin or 36k ETH in THORChain lending. No liquidations, no interest.Details on Medium: https://t.co/yLCdz13oyL pic.twitter.com/aNePxXpvLV — THORChain (@THORChain) March 8, 2024 Thorchain…

Band Protocol announced that it is now further building on its integration with the Staller Ecosystem. The commitment is to pioneer Oracle services to facilitate the development of dApps, decentralized applications. The mission simultaneously covers the purpose of advancing interoperability for non-EVM L1s. Band Protocol has called this development a significant step that now paves the way for developing dApps in DeFi and other Web3 applications. While the Protocol brings Oracle services, Stellar is planning to leverage the capabilities of Soroban – Stellar Smart Contracts. Soroban will first host the deployment of Oracle Service before making any other significant leap.…

Christopher Harborne — who goes by the name Chakrit Sakunkrit in Thailand — is a Bitfinex shareholder, the number one supporter of Brexit, and is suing the Wall Street Journal (WSJ) for defamation. The multimillionaire, who made his money from an aviation fuel company and a number of almost-too-brilliant crypto investments, is taking on the News Corp-owned WSJ over an article entitled ‘Crypto Companies Behind Tether Used Falsified Documents and Shell Companies to Get Bank Accounts.’ The article, which was only corrected a week ago, is nearly a year old and the lawsuit appears to be coming out of left…

Binance Labs, the investment arm of Binance, the world’s largest cryptocurrency exchange, announced the 13 cryptocurrency projects selected for the 7th Season of the MVB Accelerator Program. “We are excited to announce the projects selected for the 7th season of the MVB Accelerator Program. Thank you to over 700 project teams worldwide for your submissions! Please note that acceptance into the MVB Accelerator Program does not imply any investment in projects. Binance Labs will make the final investment decision at the end of the MVB program.” Stating that the selected projects include three areas as DeFi, infrastructure and application, Binance…