Author: NBTC
Decentralized Physical Infrastructure Networks (DePin) are transforming the tech sector, evidenced by a 400% increase in market cap to $20 billion over the last year. This growth signifies the rising interest and investment in this field. Amid the parabolic DePin growth, research firm Messari gave an overview of the ecosystem. It included four new sub-sectors to the DePin sector map and discussed the ecosystem’s revenue challenges. Messari Introduces 4 New DePin Sub-Sectors Within DePin, there are two primary categories – the Physical Resources Network (PRN) and the Digital Resources Network (DRN). Presently, DRNs lead the market with a combined capitalization…
In the past 24 hours, ICP’s price surged by 12.32%, making it the talk of the day. Launched in May 2021, this token had lost 99.62% of its value by September 2023. Despite this, it still holds the 24th position on CoinMarketCap. Let’s explore why this token is so special. ICP Helping Real World Support to United Nations Blockchain Program Unlike other cryptos that focus on staking rewards or governance, Internet Computer Protocol (ICP) aims to add real-world value. Just 10 days ago, ICP partnered with the United Nations Development Program (UNDP). Under this association, ICP will help UNDP develop…
Ethereum is one of blockchain’s blockbuster success stories, used by millions, housing thousands of decentralized applications, and managing billions of dollars worth of funds. What’s impressive is that this success has been achieved despite some serious issues with its monolithic architecture, which causes big scalability issues that often leave its network crippled by congested traffic and sky-high fees. The success of Ethereum begs the question – what would happen if we could actually build a blockchain without those scalability issues? How far would the crypto industry go if it wasn’t being held back? It’s a question the industry hopes it…
Japan’s financial landscape is grappling with the question of spot crypto exchange-traded funds (ETFs). The nation’s top financial watchdog is reportedly advocating for a cautious approach, setting Japan apart from other major economies. According to a report by Taiga Uranaka and Nao Sano for Bloomberg, Hideki Ito, who heads Japan’s Financial Services Agency (FSA), expressed concerns about the long-term benefits of crypto assets for Japanese citizens. This stance, as Bloomberg notes, comes at a time when several countries are warming up to crypto ETFs. Bloomberg’s report highlights a global shift in crypto ETF regulations. The news outlet mentions that the…
Shiba Inu team’s official marketing lead Lucie has published a tweet, in which she reminded the community about the approaching cryptocurrency giveaway this week and said that the second largest meme-inspired coin SHIB can easily burn a zero in just a week. Upcoming SHIB giveaway and possibility to burn zero According to Lucie’s earlier tweets, users who publish posts with hashtags #TreatYourSelf and #Shibarium have high chances of winning a chunk of SHIB worth at least $50. The maximum amount promised to the winners is the equivalent of $1,000 in SHIB. A total of $1,000 Shiba Inu will go to…
Recently, Klaytn Blockchain has onboarded DMission as its new partner in the Ignite on Kaia program. This program is a game changer for dApp developers on Klaytn, as DMission has access to a massive user base. 🤝 Partnership Announcement: Kaia x DMissionWe’re excited to reintroduce @DMissionZone as one of the members in Ignite on Kaia (IOK), the one-stop solution designed to assist DApp developers building in the Kaia ecosystem.📈 DMission is an engagement platform where users can… pic.twitter.com/agTULbJ1xd — Klaytn (@klaytn_official) August 7, 2024 Klaytn is a public blockchain for enterprise use. It has high throughput, low latency, and low…
Recently, the U.S. government launched a substantial $50 billion Treasury buyback program set to run through October. This move, aimed at managing bond supply and boosting liquidity, coincides with growing speculation about a potential emergency Federal Reserve rate cut. Treasury Buyback Program Kicks Off, What it Means for Investors? The US treasury is about to launch a $50B buyback plan.They’re starting with $8.5 billion in August and $31 billion in September.On top of that, rate cuts are also coming in September.September could be the month when the markets start gaining some bullish momentum. — Lark Davis (@TheCryptoLark) August 7, 2024…
SATS (Ordinals), the native token of the Satoshi Network, has emerged as the top performer among the top 200 cryptocurrencies this week, with its value soaring by over 63% in the past seven days. The cryptocurrency — built on the Bitcoin blockchain — is currently priced at $0.000000198. It boasts a market capitalization of $415.8 million and a 24-hour trading volume of $56.8 million. Despite an 8% decrease in the past 24 hours, SATS has also experienced a 3,999% increase over the past year. Bullish sentiment The Relative Strength Index (RSI) is above 50, indicating strong bullish momentum. The 50-day…
According to research done by Aventus & Airport Perishables Handling (APH) at Heathrow Airport, airlines may save 7% overall on their cargo handling operations by using Web3-based solutions. Since the 1990s, the global ULD management tool set has not changed, and it mainly depends on manual data inputs. This presents serious problems for data visibility and accuracy, secure information sharing, and pricey ULD losses, damages, and delays, which cost airlines more than $1.6 billion a year. Web3 provides a strong response to the problems with conventional ULD administration using blockchain technology, by: Enabling tamper-proof, immutable records that provide a single…
A new collaborative effort spearheaded by Lightning infrastructure company LNFi intends to accelerate the adoption of the Lightning Network. Leveraging the progress of novel protocols such as Taproot Assets and Nostr, the LN Alliance hopes to mobilize industry partners and contribute to standards around the growing Bitcoin ecosystem. A recent community discussion highlighted the group’s ambition to promote the emergence of this new Lightning-based, interoperable, financial market. Behind this initiative, Darius from Lightning infrastructure company LNFi explained his motivation: “Today, the entire Lightning ecosystem is rather fragmented. There are all sorts of standards, protocols out there. The LN Alliance is…