Author: NBTC
By leveraging the momentum around the meme coin, Moo Deng (MOODENG), a cryptocurrency trader, saw their investment skyrocket 500-fold in just one week. On September 10, the unidentified trader placed an initial bet of $800, trading the MOODENG/SOL pair on Raydium, an automated market maker (AMM) platform built on Solana (SOL), with the investment turning into $400,000 seven days later, data shared by blockchain analysis platform Arkham on September 17 indicates. The trader initially swapped 6 SOL valued at approximately $800 for MOODENG tokens using the decentralized exchange’s platform. The swap was initiated when MOONDENG was on the brink of…
Transak, a cryptocurrency platform, has reported 300% month-over-month growth in transaction volume in Sui Wallet for September 2024, as per the updates shared with Finbold on Tuesday, October 29. Carlo de Luca Gabrielli, Global Director of Sales at Transak, expressed enthusiasm about the growth, stating: “We are thrilled to see such tremendous growth in our partnership with Sui Wallet. The rapid uptake of our payment services reflects the market’s need for reliable infrastructure that ensures quick and hassle-free crypto transactions.” 👋@SuiNetwork@Transak now supports #SUI, the revolutionary Layer-1 blockchain transforming asset ownership.Find out more ➡️ https://t.co/fy71GHw8sx🚀Direct fiat > crypto onboarding to…
Nillion has raised $25 million in a funding round led by Hack VC and including backing from Arbitrum, Worldcoin and Sei. Among Nillion’s partners are blockchain networks NEAR, Aptos, Arbitrum, Ritual and others. Nillion is attempting to appeal to projects at the intersection of blockchain and AI, where huge amounts of data need to be shared and stored securely. Privacy-focused blockchain project Nillion has raised $25 million in a funding round led by Hack VC and including backing from Arbitrum, Worldcoin and Sei. Nillion builds its service around the concept of “blind computing,” the processing of data without having to…
Absurdist meme coin Smoking Chicken Fish (SCF), which evolved from a Solana token into a religion with plans to build a physical church, has ousted its de facto leader amid a flurry of “scammer” allegations. With this, the remaining team has retaken control of the project’s website and Telegram channel, and is currently fighting to get into the Twitter account. Community and core team members of the SCF token claim that Pastor Kelby took payments from derivative projects without notifying the rest of the team, received “church donations” directly into his personal wallet, and has launched a number of “rug…
Coinshares’ Q3 mining report, led by researcher James Butterfill, highlights mounting costs and challenges impacting the bitcoin mining industry in 2024. How Bitcoin Mining Industry Giants Are Battling Rising Prices The Coinshares Q3 mining report, with research led by James Butterfill, reveals that bitcoin mining costs are rising, reaching an estimated $49,500 per bitcoin (BTC) when accounting for cash expenses alone. Including additional costs like depreciation and stock-based compensation, the production cost averages $96,100. This heightened cost environment stems from an increased mining difficulty and infrastructure expansion, which have collectively driven up expenditure. Butterfill notes: Despite this, miners have continued…
In a recent interview with Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, Mark Moss, host of the ‘Mark Moss Show’ and Partner of the Bitcoin Opportunity Fund, discussed his bullish outlook on Bitcoin, predicting that its price could reach $1 million by 2030. Moss laid out his reasoning behind this forecast, sharing the math and logic that drive his optimism. Moss started by referencing the historical growth rate of Bitcoin, which he said has averaged a 150% compounded annual growth rate (CAGR). He acknowledged that such exponential growth isn’t sustainable forever but stated that Bitcoin’s trajectory will still…
CEO of Circle, Jeremy Allaire, says stablecoins will become a critical part of Hong Kong’s trade settlements as the region transitions into more Web3 territory. According to an Oct. 30 report on South China Morning Post, Jeremy Allaire said Circle(cUSDC) is targeting Hong Kong for its “global network of stablecoins” that will make transactions cheaper and faster for markets trading through Hong Kong. “In emerging and developing markets … there are importers who are importing out of Asia, and a lot of the trade flow is settled through Hong Kong,” said Allaire at Hong Kong FinTech Week 2024. He said…
Catizen, a rapidly growing Web3 app, has surpassed 1 million paying users, making it the first consumer-level Web3 platform to achieve this milestone. The success comes ahead of the official launch of the $CATI tokens on September 20th. Catizen has shown impressive growth, with over 39 million total users and 18 million active monthly users as per Telegram. 🐱 @CatizenAI is now the first consumer-level Web3 app to surpass a million paying users! Before $CATI token official launch on 20th of September, Catizen has already achieved remarkable growth, with over 39M total users and 18M active monthly users. 🔥 Learn…
Cardano’s Hydra L2 now hosts a Nintendo emulator, merging retro gaming with blockchain technology. Hydra allows fast, decentralized gameplay on Cardano, starting with Doom and expanding to Nintendo classics. Cardano aims to attract gamers by offering secure, nostalgic experiences with blockchain-based Nintendo games. Cardano developers are preparing to take blockchain gaming to a new level. After successfully implementing Doom on Cardano’s Hydra L2 solution, Charles Hoskinson, the founder, revealed that the next project will be a Nintendo emulator. 🚨BREAKING: @IOHK_Charles is putting an #Nintendo emulator on #Hydra so you can play ANY regular/super Nintendo off of the decentralized network 🤯Mega…
Crypto analyst Astronomer, known by the handle @astronomer_zero on X, has put forth a potentially compelling bottom signal for Bitcoin, which hinges on the electricity costs incurred by miners to produce BTC. According to him, this particular metric has historically served as a reliable indicator for identifying optimal buying opportunities within Bitcoin’s price cycles. Is The Bitcoin Bottom In? The analysis titled “BTC Miners electricity cost, a 100% accurate bottom signal,” leverages data to illustrate a scenario where the cost of Bitcoin production dips below its market price, suggesting a pivotal moment for potential investors. Astronomer elaborated on his methodology…