Author: NBTC
Litecoin now leads the crypto payment sector, with a significant share of transactions. Anticipated MWEB upgrade aims to enhance Litecoin’s scalability and fungibility. “Enjoy using one of the most scalable, fungible cryptocurrencies ever.” – Litecoin Foundation. As Litecoin ascends to the pinnacle of crypto payments, its imminent MWEB upgrade promises to redefine scalability and privacy in digital currencies. Litecoin Takes the Lead in Crypto Payments Litecoin has officially surpassed Bitcoin, Ethereum, and Dogecoin combined in terms of payment transactions, making it the preferred cryptocurrency for payments globally. According to Bitpay, Litecoin accounted for 41.76% of its total transaction count in…
Bitcoin has experienced its most challenging month since the collapse of Sam Bankman-Fried’s FTX empire, as the excitement surrounding US spot Bitcoin ETFs continues to wane. The cryptocurrency’s value plummeted by nearly 16% in April, only slightly better than the decline witnessed in November 2022, according to data accumulated by Bloomberg. The surge in demand fueled by the anticipation of ETFs propelled bitcoin to an all-time high of almost $74,000 in March. However, as optimism for Federal Reserve interest-rate cuts waned and risky investments lost their allure, inflows to these products significantly decreased. Spot Bitcoin ETFs See $182 Million in…
Ethereum co-founder Vitalik Buterin has recently commented on Worldcoin’s attempt to ensure user data’s privacy, acknowledging their effort. Replying to a user’s post on social media Buterin addressed to the project co-founded by OpenAI’s Sam Altman, saying that Worldcoin has done “quite a good job” when it comes to protecting personal information with cryptography. “IMO [In my opinion] they actually have been doing quite a good job of taking the privacy critiques seriously and designing their system to be more and more> IMO they actually have been doing quite a good job of taking the privacy critiques seriously and designing…
The recent downturn in Bitcoin prices has captured the attention of cryptocurrency investors, with the digital currency currently hovering around $57,000. The low is fueled by a sharp reduction in demand, signaling potential shifts in the market sentiments. Bitcoin Whales Decrease Accumulation Traditionally driven by robust demand from permanent holders and large investors, Bitcoin has seen a stark reversal in this trend. According to a CrytoQuant report shared with BeInCrypto, there has been a dramatic 50% drop in monthly growth from permanent holders. The demand decreased from over 200,000 Bitcoins in late March to 96,000 currently. Permanent holders are investors…
Real-world asset (RWA) protocol Untangled Finance has announced its first on-chain securitization pool on the Celo blockchain. The pool is structured under Luxembourg’s securitization laws, collateralized by a diverse set of French working capital assets from fintech Karmen, and has a debt ceiling set at $6 million. The Credit Collective, supported by Fasanara Capital as the senior lender, has shown early support for this initiative, which is part of a larger €100 million senior facility agreement with Karmen. The pool offers access to credit analytics for verified investors who pass a comprehensive know-your-customer (KYC) process, ensuring asset protection against originator…
VeChain introduces groundbreaking Marketplace-as-a-Service platform for asset tokenization. Partnership with Gresini Racing signifies enterprise adoption of VeChain’s innovative technology. VeChain’s NFC-enabled “phygitals” revolutionize real-world asset management and trading. In a groundbreaking move, VeChain has unveiled its much-anticipated Marketplace-as-a-Service (MaaS) platform, heralding a new era in digital asset management. This innovative platform offers a no-code solution, empowering both businesses and individuals to create NFT marketplaces for digital and physical products. 8/ That’s a wrap for today’s Alpha-packed thread! 🚀If you like this thread:– Give us ❤️– Retweet to share the knowledge– and follow us @CryptoBusy for more! https://t.co/2Bk9joeCeW — CryptoBusy (@CryptoBusy)…
Bitcoin mining firm Riot Platforms has announced a remarkable net income of $211.8 million for the first quarter of 2024, a staggering 1,000% increase compared to the same period last year. However, despite this impressive performance, Riot Platforms fell short of analyst revenue estimates. Riot Platforms released Q1 results on May 1, revealing that mining revenue experienced a significant 55.4% year-on-year surge, reaching $74.6 million. This growth was primarily attributed to a remarkable 131% increase in the price of Bitcoin. While the total revenue of the company amounted to $79.3 million, it fell approximately 14% short of the expectations set…
PWN, a p2p lending platform that utilizes digital assets for backup, has recently announced an exclusive integration. The company has disclosed that it is integrating with Beefy, a multichain yield optimizing platform that permits the consumers to get huge interest over the crypto holdings. The company revealed this endeavor on its official account on X. We’re thrilled to announce our latest integration with @beefyfinance, bringing together juicy auto-compounding yield-bearing assets and fixed-term loans 🧵👇 pic.twitter.com/DLySemi65I — PWN (@pwndao) May 2, 2024 PWN’s Latest Integration with Beefy Offers Fixed-Term Loans and Yield-Bearing Assets In addition to this, in a blog post,…
Three leading blockchain projects unite to form Artificial Superintelligence ASI. The alliance aims to democratize AI, free from central control and biases. All FET, AGIX, and OCEAN tokens will transition to ASI at a 1:1 ratio. In an unprecedented move, three leading blockchain projects, FET, AGIX, and OCEAN, have amalgamated to birth a groundbreaking universal AI token named Artificial Superintelligence (ASI). The rapid evolution of AI has propelled the tech industry into uncharted territories, with Artificial General Intelligence (AGI) looming on the horizon. 1/3 🔓Yesterday, we announced the largest multi-billion dollar merging of #decentralizedAI projects, including @Fetch_ai, @SingularityNET, & @oceanprotocol,…
Bitcoin miner Stronghold Digital Mining (SDIG) has started exploring strategic alternatives that could include a potential sale of the company. “The company is considering a wide range of alternatives to maximize shareholder value, including, but not limited to, the sale of all or part of the Company, or another strategic transaction involving some, or all of, the assets of the Company,” the miner said in a press release on Thursday. Stronghold, the company that turns piles of coal waste into energy to mine bitcoin, said the move comes as there is a “valuation dislocation” of the stock compared to its…