Author: NBTC
Dog-themed cryptocurrency Shiba Inu (SHIB) is seeing a surge in large transactions, increasing by 129% as whale activity resurfaces. According to data from IntoTheBlock, these large transactions — those exceeding $100,000 — have skyrocketed 129.64% in the last 24 hours to $33.41 million or 2.51 trillion SHIB, suggesting that large holders, or whales, are once again paying attention to Shiba Inu. This increase suggests that whales might be actively buying or selling substantial amounts of Shiba Inu as the crypto market stays in a holding pattern ahead of the Fed rate decision. SHIB was mildly down, lower by 1% in…
In a strategic move to revolutionize the loyalty rewards landscape, Circle, the issuer of the USDC stablecoin, has announced a partnership with HKT, a leading mobile network service provider based in Hong Kong. This collaboration, formalized through a memorandum of understanding (MOU), aims to explore and develop blockchain-driven loyalty programs tailored for Hong Kong merchants. The announcement was made on Circle’s official website, signaling a significant advancement in the integration of blockchain technology within the retail sector. Introduction to Circle and HKT Who is Circle? Circle is a prominent financial technology firm known for its role in the cryptocurrency ecosystem…
In a recent analysis, CryptoQuant indicated that the total number of active addresses on the Bitcoin network has hit new lows in 2024, reaching the same level as three years ago, when the price of BTC was quoted at around $45,000. A decrease in active addresses shows less overall activity on the Bitcoin network, implying that fewer transactions are taking place, which could reflect a lack of interest in using the network at this time. Active addresses on the $BTC network hit new lows in 2024“Active addresses on the #Bitcoin network hit new lows in 2024, reaching the same level…
Ethereum (ETH) has been criticized by the cryptocurrency community for underperforming in the current cycle compared to competitors such as Bitcoin (BTC) and Solana (SOL). However, an artificial intelligence (AI) tool forecasts that the second-ranked digital asset by market capitalization will end the year on a bullish note. Currently, the decentralized finance (DeFi) asset is attempting to reclaim the $2,631 support zone. As of press time, ETH was trading at $2,634, dropping over 1% in the past 24 hours. On the weekly timeframe, the asset is up 4.3%. AI predicts Ethereum’s price for December 31 For Ethereum’s price by the…
Africa’s cryptocurrency adoption is surging, with Telegram-based crypto communities growing by an unprecedented 189% since early 2023, according to new research from cryptocurrency exchange Bitget. The findings highlight a significant shift in global digital asset adoption from traditional Western markets to emerging economies. The study, which analyzed crypto-related Telegram activity across multiple regions between January 2023 and August 2024, reveals that Africa’s crypto-focused Telegram groups have expanded to include over 3 million users, driven by a predominantly young population where more than 56% are under 25 years old. “The leading factors for crypto adoption are economic instability, limited access to…
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…