Author: NBTC
Dogwifhat (WIF), the biggest Solana-based meme coin, is a leader of the ongoing crypto upsurge. The WIF price soared by over 27%, while the closest competitor EGLD only added 17%. At the same time, smaller Solana meme coins also demonstrate amazing gains. Dogwifhat (WIF) undisputed: Meme crypto blasts past $2 billion cap As the crypto segment recovers after yesterday’s dramatic drop, meme coins yet again lead the process. Dogwifhat’s (WIF) price jumped above the crucial level of $2 and is extremely close to surpassing Arbitrum (ARB) by market cap after a 27% run, as per CoinGecko. As of printing time,…
In the expanding world of Blockchain Technology, Solana and Aptos have set a record for the highest number of transactions in a single week. As per stats shared on X, Solana and Aptos have set the record of the highest transaction this week as compared to the other top blockchains of the week i.e., Tron, Near Protocol, Sei, Base and a few others along with BNB Chain. Top Blockchains by Number of Transactions in last 7 daysLet’s compare the top blockchains by number of transactions registered on-chain and average daily active addresses in last 7 days, according to @artemis__xyz, in…
A widely followed cryptocurrency analyst and trader who nailed the 2018 Bitcoin bottom is expressing bullish sentiment on Bitcoin (BTC). Pseudonymous crypto strategist Bluntz tells his 269,300 followers on the social media platform X that he believes Bitcoin has likely bottomed out after completing an ABC corrective move on the four-hour chart. Bluntz is a popular practitioner of the Elliott Wave theory, which states that a bullish asset tends to witness rallies after concluding a three-wave correction. Says the analyst, “Clear three-wave move down on BTC so far, this ends up being a higher low, in my opinion. Time to…
The European Central Bank’s plans to launch the digital euro, are being resisted by many people in Germany, Austria, Netherlands, and Slovakia. The concern is that a Central Bank Digital Currency will leave them dangerously dependent on technology. They also worry that a CBDC would intrude on their privacy and put savings at risk. These fears stem from the ECB’s pursuit of a CBDC, which officials believe to be better than physical cash. Officials will vote on its implementation in late 2025. ECB officials told Bloomberg that the digital euro will have advanced safety features and privacy. Encryption and hashing…
Layer3, a community-driven initiative focused on building an omnichain infrastructure for distribution, identity, and incentives, has adjusted its tokenomics and increased the initial airdrop to 7.5% of the total supply, Layer3 Foundation shared in a recent post on X. To match the scale of the vision for Layer3, we have made 2 key changes: • Total supply of L3: 3,333,333,333. • The initial airdrop will be increased to 7.5% of total supply. Detailed tokenomics can be found in the Layer3 Foundation’s docs.https://t.co/xmeaXcv88G pic.twitter.com/hxH0dj91Fv — Layer3 Foundation (@Layer3FDN) July 5, 2024 As detailed in Layer3’s documentation, the total supply of L3,…
This week marks the 20th anniversary of Hal Finney’s introduction of Reusable Proofs of Work (RPOW), a groundbreaking concept that paved the way for today’s digital currencies. Finney’s visionary work continues to echo throughout the cryptocurrency community, underscoring his deep insight into the development of digital cash systems. From RPOW to Bitcoin Hal Finney was a highly respected computer scientist and cryptographer, celebrated for his early and influential contributions to digital currency. He was among the first to engage with Bitcoin and famously received the first BTC transaction from Satoshi Nakamoto. Finney’s influence on the world of crypto assets is…
The latest data from the CME’s “Fed Watch” tool shows a shift in market expectations for the Fed’s September interest rate decision. Accordingly, the probability of a 25 basis point rate cut remained at a high rate of 75%, while the probability of a more aggressive 50 basis point cut decreased to 25%. The change in forecasts comes after the latest inflation data revealed the slowest annual price increases since March 2021. While this positive development gave economists confidence in a September rate cut, it also sparked debate about the potential size of the cut. The Federal Reserve has kept…
TRON’s new solution allows gas-free stablecoin transfers, covering costs entirely covered by the stablecoin itself. Justin Sun’s innovative service will first launch on Tron and then expand to Ethereum and EVM-compatible chains. In a recent tweet, TRON CEO Justin Sun said that his team is working on a novel way to enable gas-free stablecoin transfers. The new solution allows transfers to be completed without the need of gas tokens, with the stablecoin covering all costs. Implementation Across Multiple Blockchains This ground-breaking solution will initially be implemented on the Tron network. Following its launch on Tron, the service will expand to…
Bybit announced its expansion into Latin America. The company has registered as a Virtual Asset Service Provider (VASP) and card operator in Argentina. This move makes Bybit one of the first to offer a full range of digital asset services in the Argentinian market. Argentina’s recent establishment of the VASP registry marks a step forward in regulating the cryptocurrency sector. Bybit’s registration highlights its intention to follow local regulations and offer a secure platform to users. As a VASP and card issuer, Bybit can now provide various crypto-related services to users in Argentina. This development comes as Argentina faces economic…
Thena, a prominent decentralized exchange (DEX), announces an exclusive partnership with Lido Finance. Lido Finance is known in the crypto market for its exceptional liquid staking Ethereum (ETH) services. Thena shared this news on its official X account in which Thena welcomes Lido Finance to its BNB Chain ecosystem. It’s our great pleasure to welcome @LidoFinance with Ethereum’s leading liquid staking token to @BNBCHAIN!Our collaboration kicks off with two strategies, now LIVE with THE rewards:✨ $ETH/wstETH by @GammaStrategies ✨ $wstETH/BNB by @ichifoundation pic.twitter.com/eagXMvLoHU — THENA (@ThenaFi_) August 16, 2024 Through this collaboration, Lido Finance will bring its most trending liquid…