Author: NBTC
The much-anticipated Mainnet launch of a purpose-built layer 1 blockchain for tokenized real-world assets (RWAs) MANTRA, has been revealed. It is scheduled for October 2024. This major event gives MANTRA’s native token, $OM, a new home and represents a major step toward integrating conventional finance onchain. With the broad and customizable suite of tools that MANTRA Chain will offer, developers may customize solutions to meet their specific needs. This suite guarantees that the solutions continue to comply with regulatory standards while also streamlining the process of moving real-world assets onto the blockchain. Key aspects of the MANTRA Chain Mainnet will…
Persistence One, a leading provider of blockchain interoperability solutions, has entered into a partnership with Merlin Chain to further improve Bitcoin’s capacity by utilizing state-of-the-art ZK-Rollups. From this deal, an opportunity arises to revolutionize how Bitcoin works through the integration of Merlin’s mBTC token into Persistence’s cross-chain solutions in the BTCfi environment for better efficiency, scalability, and compatibility. Persistence One is excited to be partnering with @MerlinLayer2 🤝Merlin Chain is a leading Bitcoin L2 that enhances scalability and security of the Bitcoin network using ZK-Rollups, On-Chain BTC fraud-proof modules, and Decentralized Oracles.Through this partnership, users… pic.twitter.com/iUZfVYtC2w — Persistence One 🟠🔁…
PayPal’s recent report reveals a surprising decline in crypto holdings, highlighting contrasting trends between retail and institutional interest in the market. The online payment giant reported a significant drop of nearly 11% in its crypto assets, raising questions about retail investor engagement during a time of institutional growth. “The institutions are coming, and they’re coming in size,” noted Matt Hougan, Chief Investment Officer of Bitwise, emphasizing the shift towards institutional investment. PayPal’s crypto holdings plunge as retail interest wanes in contrast to rising institutional investments, underscoring a shift in the cryptocurrency landscape. PayPal Reports 11% Drop in Crypto Holdings Amid…
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…