

Milestone for ICP: DeFi BTC Wallet Functionality Incoming



With major updates behind, Bitcoin liquidity is on the verge of deployment to the Internet Computer.
NNS Dapp Canisters Completed for Upgrade
Just a week after the first Chain Key Bitcoin (ckBTC) was minted on the Internet Computer (ICP), the Network Nervous System (NNS) Canister Upgrades are nearly complete. The move effectively ushers in ckBTC wallet functionality and opens the ICP ecosystem to Decentralized Finance (DeFi) for Bitcoin.
The upgrade, referenced on Twitter by Manu Drijvers, a Cryptography Researcher at DFINITY, still requires a few more upgrades to scale functionality to the public but represents a significant step toward Bitcoin DeFi. The proposal on the ICP dashboard has near-unanimous approval to launch the code canisters that will give easy ckBTC functionality to decentralized wallets.
With #ICP proposal https://t.co/U7t3cnH2nq, the NNS FE dapp was upgraded to support #ckBTC, check it out at https://t.co/slBdqD4ZJ6! With future upgrades, it will also support converting $BTC into ckBTC and back. pic.twitter.com/qx9oBOGiAF
— Manu ∞ (@manudrijvers) February 8, 2023
Once the canister upgrades are released, projects can begin deploying the code on different wallets across the ICP ecosystem. It’s at that point when Bitcoin liquidity will be fully unleashed into the network.
ckBTC will be able to be traded for native Bitcoin (BTC) and represents a 1:1 analog for Bitcoin on the Internet Computer network. The ckBTC version of Bitcoin has a stronger and more decentralized trust architecture, making it safer and more seamless for DeFi than a wrapped token bridge counterpart. Simply put, Bitcoin DeFi has enormous potential.
The recent $BTC > $ICP integration mitigates the risk of bridge hacks, which is an obvious advantage for DeFi
— InfinitySwap #DFINITY (@infinity_swap) February 7, 2023
Direct integration with the #Bitcoin network leverages Chain Key Cryptography to empower smart contracts to hold, send, and receive #BTC natively.#INFINISWAPPERS pic.twitter.com/74QKVB0QCR
The transactions that use Bitcoin on the Internet Computer will also use the native $ICP as its gas token. The transactions occurring through the Bitcoin network will auto-convert BTC to ICP and burn it, making the transactions deflationary for the $ICP token.
The ckBTC wallet upgrade is a major milestone for the ICP community, helping bring Bitcoin compatibility to DeFi for the first time on the Internet Computer. The ckBTC will unlock DeFi services for ckBTC throughout the Decentralized Applications (Dapps) in the Internet Computer ecosystem.
Stay tuned for more updates.
What is the Internet Computer:
Internet Computer (ICP) is a set of protocols that allow independent data centers around the world to band together and offer a decentralized alternative to the current centralized internet cloud providers. The Internet Computer is a World Computer blockchain that can host and run mass-market social networks, online games, video streaming services, or enterprise systems entirely on the blockchain itself — eliminating the need for centralized IT and cloud services. The native ICP token is used for governance (holders can vote on the future of the network), to reward network participants for good behavior, and is used to pay fees for making transactions.
Where to find the Internet Computer:
Website | Twitter | Medium | Discord |
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Time Running Out for BNB? Why Investors Are Moving from BNB to $NUGX

Investors are turning to NuggetRush (NUGX), a mining project offering a unique mining adventure game with potential rewards.
TLDR
- BNB faces potentially reduced investor sentiment following Binance Exchange’s links to money-laundering activities.
- Binance’s founder and former CEO, Changpeng Zhao, has already resigned.
- NuggetRush (NUGX) offers high entertainment and community collaboration in its mining adventure game.
Binance Exchange has been involved in money laundering scandals as of late, leading to the resignation of its founder as CEO. Analysts say the controversy would likely increase negative sentiment for BNB.
Disappointed BNB holders are now turning to NuggetRush (NUGX), a mining project whose ongoing presale has risen by 30%. NuggetRush (NUGX) offers various rewards, including the opportunity to win real gold.
Yet, can this make it the best option out of available new ICOs? Let’s discuss.
BNB November Gains Undone By Money Laundering Scandal
The bullishness in the crypto market in November increased investor sentiment for several networks. Like many top altcoins, BNB started November with a rally.
Yet, BNB’s investor sentiment dropped sharply following Binance’s controversial involvement in money laundering schemes. On November 28, Changpeng Zhao resigned as CEO of Binance due to negligent behavior toward money laundering activities.
BNB’s decline has undone all its November gains. At the start of November, BNB was trading at $228.00, By November 20, BNB had jumped by 11.24% to $253.64. BNB dropped $229.30 by December 2, a few days after Changpeng’s resignation.
Binance is among the most active exchanges, with a daily trading volume of over $50 billion. Still, the recent controversy around money laundering activities has reduced its social sentiment.
Many investors are pulling their funds off Binance, which has pushed its withdrawals over $1 billion. Analysts expect this trend to continue in the short term. This could worsen BNB’s prospects, dropping it by 15.8% to $213.45.
NuggetRush: Round 3 Growth Stuns P2E Experts.
NuggetRush is a mining game with strong potential to become one of the most popular NFT projects. The game features a mining rush, where players will mine rewards like gold. NuggetRush offers a challenging environment that features the day-to-day life of artisanal miners.
Players will dig shafts, set up tunnels, and use several real-world soil sampling techniques. The main goal is to set up a booming mining business. Players will find and excavate material rewards. In return, NuggetRush (NUGX) will give players NFT characters and mining equipment.
The game will also reward players with in-game currency. Players can then invest this in-game currency into upgrading their player characters and machinery. This gives them higher value, which players can realize on NuggetRush's (NUGX) marketplace.
Finally, NuggetRush offers NFT staking, thus allowing players to earn money from holding their assets. This further increases earning opportunities for NuggetRush members.
NuggetRush's blockchain ICO has grown by 30% since its launch. In the first round of NUGX's presale, its value was $0.010.
By round three, NUGX's value had risen to $0.013, growing by 30%. The next round of NUGX's presale would boost its value by 15.3% to $ 0,018. Furthermore, NUGX will get listed when its value reaches $0.020.
Visit NuggetRush Presale Website
Disclaimer: This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $275. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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