NFT News Daily TheBittimes.com

Fuse Network has announced that the Consensus Contract on the Flash Testnet network is now live, as per the latest updates shared with Finbold on July 29. Dedicated to advancing the network’s capabilities, stability, and decentralization, Fuse is likewise introducing several key updates, including a new maximum stake requirement for validators, a deflationary token model , and the integration of Polygon’s Chain Development Kit (CDK).  zkEVM Layer 2 Network  The transition to a ZK-powered Layer-2 (L2) network using Polygon CDK is expected to boost the network’s scalability, security, and interoperability.  Picks for you Nikki Haley’s net worth revealed: How much is the former South Carolina governor worth? 2 hours ago China is...

Sei v2 upgrade introduces sub-second transaction finality, enhancing scalability. Sei Foundation implements fairer eligibility criteria for token distribution event. SEI token price drops by 3.91% to $0.5185 amid distribution of 27M tokens post v2 upgrade. The SEI token has experienced a notable decline in price, dropping by 3.91% in the past 24 hours to $0.5185, at press time, coupled with a decline in trading volume by 19.51% over the past 24 hours. This downturn comes amidst the distribution of over 27 million SEI tokens following a successful v2 upgrade by the Sei Foundation. Rewarding active participation in SEI ecosystem Sei Foundation initiated the distribution of over 27 million tokens through an airdrop event to reward active participation in the ecosystem since the Pacific-1 Mainnet launch. The second of its kind, this event acknowledges the contributions of Mainnet users, reflecting the foundation’s commitment to fostering community engage...

Velar, a decentralized finance (DeFi) liquidity protocol, announced the official listing of the VELAR token across major platforms as of April 3, 2024. VELAR is now tradable on Bybit, Gate.io, Uniswap (UNI), and Velar’s own Dharma Automated Market Maker (AMM), a milestone highlighting Velar’s innovative vision and the increasing convergence of traditional finance and the dynamic world of decentralized finance. Bringing together centralized and decentralized finance The introduction of VELAR represents the platform’s readiness to leave a lasting imprint on the DeFi landscape by offering improved accessibility, liquidity, and participation opportunities.  Picks for you Crypto expert eyes buy zone for ‘Nvidia of crypto' AI token 1 hour ago Machine learning algorithm predicts Bitcoin price for April 30, 2024 1 hour ago Is Arthur Hayes’ Ethena about to have a Terra-like crash? 2 hours ago ‘Big Short’ investor warns FED will make massive bubble if ...

ALT token on Binance surged 5,380% from $0.006 to $0.3288 in minutes. AltLayer’s six-day farming schedule and airdrop preceded the explosive surge. Binance swiftly integrated ALT into Simple Earn and Convert, with plans for Margin, Futures, and Auto-Invest. In a staggering turn of events, AltLayer’s native token , ALT, witnessed an unprecedented surge on the Binance trading platform, skyrocketing by an astonishing 5,380% within minutes of its listing . This meteoric rise comes hot on the heels of a successful six-day farming schedule and a strategic airdrop, propelling AltLayer into the spotlight of the crypto world. The explosive rise of AltLayer (ALT) AltLayer’s ALT token, designed for decentralized rollups, opened for trading on Binance at a modest $0.006. However, the crypto asset defied all expectations, quickly reaching $0.3288 with a trading volume of $43.78 million in under one minute. Screenshot of AltLayer price on Binance ...

Thailand lifts restrictions on real estate-backed tokens for retails:  Should you buy Everlodge? This project aims at disrupting the vacation property space. $EGLD’s presale continues to attract attention from traders. In latest crypto news, Thailand’s Securities and Exchange Commission (SEC) has updated its regulatory restrictions on retail participation in real estate-backed tokens. The development could see more retail investors in the country join real estate investment trusts (REITs) and token-backed property projects. As the industry digests this development, a new project that seeks to democratize the real estate investment space, is gearing up for market debut as its presale draws towards a close. Here’s what Thai’s regulatory move means and how Everlodge ($EGLD) is positioned to transform the property industry via tokenization. Retail investors can join real estate-backed ICOs An update by the Thai SEC on January 18, 2...

The total value locked (TVL) in DeFi has surpassed countries’ GDPs with more than $52 billion invested. Infrastructure layer-1 blockchains are the body of this system, sustaining this value. Meanwhile, decentralized exchanges (DEX) are the hearts that keep the body alive, connecting every asset and protocol. Essentially, a DEX allows cryptocurrency investors to trade tokens of its ecosystem in a decentralized manner. There are single-chain and multi-chain decentralized exchange s built under each infrastructure’s rules. In particular, three decentralized exchange protocols shine amid their competitors: Uniswap (UNI), PancakeSwap (CAKE), and Orca (ORCA). Finbold retrieved data from DefiLlama on December 21 that justify these picks for 2024. DEXes TVL rankings. Source: DefiLlama Leading decentralized exchange: Uniswap (UNI) Cryptocurrency The biggest crypto winners and losers of 2023 Cryptocurrency Best DeFi projects to invest in for 2024...

Shiba Inu has removed over 260 million tokens in the past 24 hours. PEPE Coin’s market cap approaches $500 million. Memeinator’s MMTR token presale gains traction, featuring regular price increases. There have been significant developments in the world of meme coins with Shiba Inu (SHIB) witnessing a remarkable surge in burn rate, PEPE Market Cap approaching $500 million, and Memeinator’s MMTR token gaining momentum during its presale. In this article, we delve into the latest occurrences surrounding Shiba Inu (SHIB), PEPE Coin, and the Memeinator (MMTR) token . SHIB burn rate skyrockets by 20,000% The Shiba Inu (SHIB) community is abuzz with the recent surge in token burn rate. According to data on the Shibburn website, SHIB’s burn rate skyrocketed by a staggering 20,000%, resulting in the removal of over 260 million token s in the past 24 hours. This record-breaking burn rate, unseen in the last two months, underscores the commit...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Have you thought of how tokenization is related to homeownership? Beyond a direct link between these two notions, tokenization reimagines the way we think about ownership. Owning a home is becoming a hereditary privilege. The gap between those with and without parental wealth is getting more obvious than ever, with one third of British first-time home buyers receiving help on a down payment or being completely financed by their parents.  You might also like: Investors must be ready for the power of asset tokenization | Opinion The US is no exception to the generational hurdle—last year, the median age of American home buyers surged to 53 from 45 in 2021. And housing is just one piece of a wealth puzzle. So, what are the durable ways to make the notion of ownership more inclusive for generations to come? In tandem with t...

Crypto exchange Binance said it plans to offer up to 100 tokens in Japan after announcing over a dozen new digital assets on its exchange including Arbitrum, Near and Optimism. The statement from Binance disclosed a basket of tokens scheduled for listing and spot trading on Nov. 27. 13 cryptocurrencies make up the list of Binance Japan’s latest offering at press time, taking the total number of tradable assets on the platform to 47. These coins qualify for the simplified assessment and listing process offered by the Japan Virtual and Crypto Assets Exchange Association, Japan’s self-regulating crypto watchdog.  The 13 new tokens as named by Binance include Hashgraph (HBAR), Near Protocol (NEAR), Optimism (OP), Immutable X (IMX), Arbitrum (ARB), The Graph (GRT), Render Token (RNDR), Decentraland (MANA), EOS (EOS), GALA (GALA), ApeCoin (APE), Klaytn (KLAY) and Lisk (LSK). According to the company, this is the largest assortment of digital currencies available on any crypto exch...

The dYdX Foundation announces the launch of its mainnet and a new Bridge User Interface. The dYdX Foundation announced a series of pivotal updates that signal a new phase for the dYdX ecosystem. Most notably, the mainnet genesis of the dYdX Chain is now live, with Genesis Validators having participated in the creation of its first block. This news comes on the heels of the release of dYdX Chain’s open-source software on Oct. 24, and a newly deployed Bridge User Interface. The next generation of the dYdX protocol and the next version of the DYDX Token Decentralized, the community is in control All fees distributed to Validators and Stakers ️ Validating is permissionless Seamlessly transition to the dYdX Chain Fully Open Source pic.twitter.com/G570MH2a52 — dYdX Foundation (@dydxfoundation) October 30, 2023 The Bridge User Interface enables the transfer of DYDX tokens from the Ethereum network to the dYdX Chain, thus extending the token’s utility. Users who wish to ...

Honda customers can now use Shiba Inu as a mode of payment. Solana token value could surge to $29.22 by the end of the year based on analyst projections. Tradecurve Markets could increase by 3,500% at launch FCF Pay recently announced a partnership with Honda; the platform supports Shiba Inu (SHIB) as a payment option, and this means that now anyone can use it at one of Japan’s largest car manufacturers.  In other crypto news, Solana (SOL) saw its latest report by Nansen, raising a lot of hype among the community while Tradecurve Markets (TCRV) launched their demo version, making their hybrid exchange accessible to anyone. Consequently, over 18,000 users have signed up with Tradecurve Markets. SHIB now accepted by Honda after the FCF Pay partnership  Shiba Inu (SHIB) has recently gained significant attention from both investors and traders. The payment platform known as FCF Pay established a strategic partnership with Honda.  Now, one ...

GLMR, the native crypto of the Moonbeam protocol, surged over 50% after news broke of its upcoming listing on the South Korean crypto exchange, Upbit. Moonbeam’s native token , GLMR, is experiencing a significant surge, rising by over 50% in the last 24 hours. The surge comes on the heels of a Sep. 25 announcement by Upbit, a South Korean exchange, that will list GLMR on its exchange, with a GLMR/BTC trading pair set to go live later today. The GLMR listing has sent a wave of excitement through the market, highlighting the move’s potential impact. Moonbeam operates within the Polkadot (DOT) ecosystem and aims to offer a user-friendly smart contract platform. GLMR serves multiple functions within the Moonbeam Network, including facilitating transaction fees and staking. You might also like: Crypto accounts for 70% of South Korea’s overseas assets Before the Upbit announcement, GLMR had been languishing under the $0.2 threshold for quite some time. Yet, the to...

After falling victim to an apparent scam, Bryan Lawrence, CEO of crypto startup Glow Token, has sued major crypto exchange Crypto.com. Glow Token LLC has taken legal action in a Florida court against Crypto.com, accusing the exchange of breach of contract and claiming over $250,000 in damages. The lawsuit acknowledges that Crypto.com might not have been directly involved in the fraudulent scheme. Court documents reveal that earlier this year, Lawrence was approached by individuals claiming to be Crypto.com employees, who engaged him in negotiations to list Glow’s cryptocurrency on the exchange. After months of discussions and document exchanges, Lawrence transferred $250,000 plus one Bitcoin valued at $23,000 to an account he believed belonged to Crypto.com. However, in March, officials from the real Crypto.com informed Lawrence that imposters had scammed him. The exchange denied any record of a listing agreement with Glow Token and instructed Lawrence to cease asserting s...

The latest update of this Web3 security tool addresses new social engineering schemes and hacking attacks. Web3 and other blockchain-powered markets are still in their infancy, with most of the underlying technologies, economic models and coding architectures still being improved, tested and updated. While this is normal for an emerging market and technology, there are always loopholes that bad actors can exploit and target to attack their victims. In particular, with social engineering tactics, scammers manipulate users’ emotions and create a sense of trust and urgency. At the beginning of 2023, bug bounty platform Immunefi estimated that the Web3 ecosystem lost around $3.9 billion to scams and hacking attacks in 2022, with decentralized finance (DeFi) being the most targeted sector, suffering 80% of the calculated losses. Losses by quarter in 2022. Source: Immunefi Report ​​In the ever-evolving landscape of blockchain technology, two pivotal issues stand out that demand users’ atten...

1. Solana’s weekly summary a. 21.3M SOL will be unlock ed in 2023, accounting for 4% of total supply link According to Solana Comapss, 21.3 million SOL (about $214 million) will be unlock ed in 2023, accounting for 4% of the total supply. Of these, 1,816,357 SOL will be unlock ed on Jan. 7. b. Huobi will list BONK (Bonk) on January 3, 2023 link Huobi is scheduled to list BONK (Bonk) on January 3, 2023. The BONK spot trading (BONK/USDD) will open when the deposit volume meets the demand of market trading. BONK is a new meme coin on Solana with a total supply of 100 trillion. c. Solana Meme BONK has recently become popular, with trading volume climbing link Solana Meme token BONK relies on the airdrop to Solana NFT, anti-”Alameda” and the revival of Solana DEX culture to sweep the community. BONK is the Token with the highest trading volume in the Solana ecosystem after USDC and SOL in the past 24h. Huobi also announced the listing. However, the top 20 holders of BONK accounted for a...

Reflection tokens allow holders to earn passive returns from transaction fees by simply holding onto their assets. Yield farming, liquidity mining, and staking have become common practices in the crypto market due to the remarkable growth the DeFi ecosystem has witnessed in recent years. These features enable users to earn interest on their crypto holdings by locking them as deposits for specific periods. The concepts sound appealing but there's one big risk: the potential decline in the valuation of the locked assets. In other words, users will see losses in U.S. dollar terms if the asset's value drops during the lock-in period. These shortcomings have raised "reflection tokens" as a viable alternative. In theory, reflection tokenomics remove the necessity of locking tokens while still offering staking-like benefits.  What are reflection tokens? The projects backing the reflection tokens charge a penalty tax (calculated in percentages) on each transaction. In turn, ...