Tag: Support

Bakkt shifts focus to custody services, adds support for DOGE, SHIB, other coins

Crypto firm Bakkt appears to be returning to digital asset custody as its primary business, adding support for six new coins, according to an announcement on Nov. 15.  Aside from Bitcoin (BTC) and Ether (ETH), Bakkt will expand its custodial support to include Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum Classic (ETC), Litecoin (LTC), Shiba Inu (SHIB) and USD Coin (USDC). The company expects to add more coins to its custodial services in early 2024. The custody of digital assets focuses on the safeguarding of cryptographic keys, which are crucial for accessing…

Altcoin Project Skyrockets Over 200% Amid Support From Crypto Exchange Binance

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A six-month-old altcoin project is soaring after earning surprise support from crypto exchange Binance, the largest digital asset exchange in the world. After Binance announced on November 7th that it was listing ORDI for trading, the new token soared from $7.43 to a high of $23.80, a 220% increase. ORDI tokens, which adhere to the “BRC-20” token standard, are tradable coins that use the Ordinal Protocol to inscribe information into satoshis, the smallest unit of value on the Bitcoin (BTC) blockchain. The project was launched by an anonymous user in March…

OpenSea rolls out Pro version on Polygon, adds support for cross-chain swaps

OpenSea, the digital marketplace for non-fungible tokens (NFTs), has expanded its multi-chain presence after releasing the Pro version to the Polygon sidechain.  Taking to X on Nov. 2, OpenSea said users can now buy and sell NFTs on different marketplaces and blockchain networks. Moreover, OpenSea has launched a cross-chain bridge feature with Socket, a web3 infrastructure for social interactions on-chain. This feature allows users to send tokens to other chains and swap them “in a single flow.” OpenSea supports various ledgers, offering cross-blockchain compatibility across Ethereum, Polygon, BNB Chain (formerly Binance Smart Chain), Base,…

Elon Musk’s take on NFTs sparks support for Bitcoin Ordinals

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While deriding nonfungible tokens on a podcast, Tesla’s CEO, Elon Musk, inadvertently turned the spotlight onto Bitcoin Ordinals, the Bitcoin network’s version of NFTs. In an interview released on Oct. 31 on The Joe Rogan Experience, Elon Musk remarked, “The funny thing is the NFT is not even on the blockchain — it’s just a URL to the JPEG.” Musk said NFT projects should at least encode the JPEG on-chain: “You should at least encode the JPEG in the blockchain. If the company housing the image goes out of business,…

Trading Giants Like Jane Street Might Support Blackrock’s BTC ETF

Etherfuse, a platform attempting to improve decentralized blockchain infrastructure, unveiled “Stablebond” at Solana’s breakpoint conference in Amsterdam, a tokenized bond offering, to retail investors in Mexico. The firm is targeting Mexico because it is the second-largest bond market in Latin America, after Brazil, according to the company’s research. The market is also one of the most liquid in Latin America, with $623 billion in outstanding debt and an average daily trading volume of $200 million, the research added. The majority of trading volume in Mexico comes from institutions, governments and…

Solana Labs launches Web3 incubator offering dev and fundraising support

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Solana Labs unveiled an all-new incubator program for project development on the Solana blockchain on Oct. 26.  Title simply “Solana Incubator,” the program will offer fundraising, development, networking, and marketing support for web and blockchain projects seeking to build on Solana’s platform. Building a web3 startup on the Solana network? ️ Today, @SolanaLabs introduces their Solana Incubator, so you can get hands on technical, go-to-market, and funding support! Learn more and apply https://t.co/W10WnEgDwQ — Solana (@solana) October 26, 2023 The Solana Incubator will accept applications through Nov. 30. Those accepted…

Ethereum Price Sees Technical Correction But Key Uptrend Support Intact

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Ethereum price rallied following Bitcoin and tested $1,850 against the US dollar. ETH is correcting gains, but the bulls might remain active near $1,750. Ethereum started a downside correction from the $1,850 resistance. The price is trading above $1,750 and the 100-hourly Simple Moving Average. There is a major bullish trend line forming with support near $1,755 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is a clear move below $1,750. Ethereum Price Remains Supported Ethereum started a strong…

Google And MultiversX Join Hands, How The Big Tech Giant Will Support The Community

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In the next three days, our team at NewsBTC will cover xDay 2023, an event organized by MultiversX in the Palace of Parliament, Romania. Formerly known as Elrond, the project rebranded in 2022 and focused on the Metaverse, one of the hottest trends in crypto. On day two of the event, the MultiversX team, spearheaded by Beniamin Mincu, announced a partnership with big tech giant Google. The partners will work on driving adoption and “accelerating” the expansion of Web3 and the MultiversX ecosystem. MultiversX’s native token EGLD trends to the…