Author: NBTC

Argentina, one of the Latin American countries whose name is constantly associated with Bitcoin, is preparing to launch a joint project with a surprise altcoin. At this point, while Argentina is preparing to make a joint project with the popular altcoin Solana (SOL), Solana official X account announced this project. Stating that the project will start in August, Solana announced that the name of the project is “Forma”. Stating that Forma will be the first of its kind, Solana stated that the Solana Economic Zone will be created in Argentina within the scope of this project. Forma, co-created by Solana…

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the launch of its new ETH-BTC Dual Asset product, as per the latest updates shared with Finbold on August 8. The new product is set to empower users to maximize their earnings by holding and trading their Bitcoin (BTC) and Ethereum (ETH) directly, without the need to convert to Tether (USDT). ETH-BTC Dual Asset The ETH-BTC Dual Asset product helps investors capitalize on price movements between the two cryptocurrencies by allowing them to trade ETH against their BTC holdings and vice versa. Joan Han, Sales & Marketing Director at…

Bitcoin recently experienced a significant price drop, falling toward the $61K level and hitting a new monthly low. This sudden decline has raised concerns and questions among investors and traders. Understanding the reasons behind this plunge is crucial for anyone involved in the market. Several factors have contributed to this decline, including miner activities, Federal Reserve policies, lack of new inflows, and market indicators. Let’s delve into the key factors driving this downward trend. These Key Factors Played Behind Bitcoin’s Decline BTC Miners Sold in Large miners play a crucial role in the recent decline. There has been a notable…

Main Takeaways: Binance Labs has invested in Solayer, a leading restaking network on Solana. Solayer aims to secure on-chain decentralized applications (dApps) with improved network bandwidth while securing the L1 at the same time. Their goal is to provide dApps on Solana with a greater likelihood of securing block space and prioritizing transaction inclusion. Binance Labs, the venture capital and incubation arm of Binance, has invested in Solayer, a leading restaking network on Solana. Their aim is to empower on-chain decentralized applications (dApps) with improved network bandwidth while securing the L1 at the same time. Built natively on Solana, Solayer…

Charles Hoskinson, the founder of the IOG company that stands behind the creation of the Cardano proof-of-stake blockchain, has published a statement on the upcoming game-changer Mithril upgrade that is expected to launch this year. He also responded to a Cardano critic who called ADA an s-coin and accused Hoskinson of being a scammer. Hoskinson’s Mithril message to community Mithril’s goal is to help increase the scalability of the Cardano network. It will allow users to get away from the necessity for Applications to run full nodes and having to individually validate each transaction on the Cardano chain. Besides, Mithril…

OKX, the leading cryptocurrency exchange, announced yesterday that it will delist 7 altcoins. While these altcoins include Meson Network (MSN), Omega (OMN), REP, EURT, IGU, PCI and Smart Layer (SLN), reactions began to come to OKX’s delist decision. We Will Launch Our Own Blockchain! The first reaction came from Meson Network, OKX’s Jumpstart project, which was delisted yesterday. MSN was announced by OKX as a Jumpstart project in April. OKX described MSN as “a revolutionary project”. Sherlock Shi, co-founder of Meson Network, expressed his disappointment over OKX delisting Meson Network (MSN). Despite this delist decision, Shi said his team continues…

Sui, the layer-1 protocol, has recently partnered with SuperFine. Sui will integrate SuperFine’s user acquisition platform to improve the game-building features in its ecosystem. Partnership Announcement! 🎮Superfine is proud to announce that we are an ecosystem partner with @SuiNetwork!Sui is building an immersive blockchain gaming hub, and we are excited to provide our User Acquisition (UA) platform to games building on Sui. pic.twitter.com/DeBPd6hLqw — Superfine (@SuperfineOrg) August 6, 2024 Superfine is a battle-tested growth platform that gives web3 publishers the tools and confidence to scale profitably. User acquisition (UA) is an essential marketing strategy that focuses on attracting users to…

The decentralized physical infrastructure network market continues to see significant growth, with funding for earliest-stage projects increasing 296% year-over-year. According to details shared by crypto market intelligence platform Messari on X, early-stage DePIN projects had raised more than $246 million across 70 deals by Aug. 1, 2024. IoTeX (IOTX) is the platform that has so far registered one of the biggest funding rounds in this ecosystem. DePIN continues to grow 🌐With fundraising volume up 296% year over year, the total market cap grew 400% to $20 billion.It’s Time for a #DePIN Sector Update 🧵⬇️ — Messari (@MessariCrypto) August 7, 2024…

This weekend is one like no other with the majority of top altcoins, including Cardano (ADA), in a rebound mode. According to data from CoinMarketCap, Cardano’s price is pegged at $0.4221, up by 5.29% in the past 24 hours. Forming strong support above the $0.4 price mark comes with a lot of underlying on-chain push, including the whale embrace. Cardano reaffirms lead in whale transactions Data from the crypto analytics platform IntoTheBlock (ITB) hinted at a Cardano whale trend as this metric has jumped by over 4.5% in 24 hours to $8.87 billion. By whale volume, only Bitcoin has recorded…

Cryptocurrency exchange BingX has integrated Apple Pay and Google Pay into its platform to enhance the purchase of digital assets. This step enables BingX users to purchase cryptocurrencies using 30 different fiat currencies and two payment methods. Apple Pay is now available for BingX users. Using encryption techniques, Apple Pay promises users secure transactions when purchasing cryptocurrencies. Speaking about the integration, Vivien Lin, the Chief Product Officer of BingX, said: “We are excited to introduce Apple Pay and Google Pay on BingX, providing our users with more convenient and secure payment options. These integrations enhance the overall user experience and…