Author: NBTC
Thailand’s government has launched its much-awaited digital wallet program. The program aims to distribute 10,000 baht ($282) to most of its citizens. However, according to Reuters, the first day of registration revealed major technical hurdles as millions attempted to sign up. High Demand Meets Limited Capacity On the opening day, the registration system was overwhelmed by an influx of applicants. By early afternoon, 10.5 million people had successfully applied, but many more were unable to access the portal. Numerous users reported issues with receiving the necessary text message passcodes to complete their registration. Prime Minister Srettha Thavisin acknowledged the difficulties,…
Pixelverse collaborates with Notcoin to reward holders through marketing campaigns. Notcoin partners with Helika to launch a game incubator on Telegram. Notcoin has started a new chapter in Web3 history, paving the way for Pixelverse. To improve synergy between the two projects, Pixelverse is partnering with Notcoin to reward the community with this pioneering currency based on the TON blockchain. hey @pixelverse_xyz and welcome to the TON family 👏 Notcoin community, Gold and Platinum levels will get perks from Pixelverse good luck with the listing tomorrow, frens https://t.co/otAyNk9nH5 — Notcoin Ø (@thenotcoin) July 17, 2024 Exciting Rewards Await Notcoin Holders…
Bitcoin (BTC) miners continue to capitulate as the network’s hashrate faces its worst downtrend since 2022. The activity started giving signs of capitulation in the past few months, a situation that looms over the cryptocurrency‘s security. As reported by Finbold on June 14, Bitcoin miners have signaled capitulation with a two-year low of their BTC reserves. The report also highlighted how the average production cost has been higher than the resulting revenue, with companies operating underwater. Now, the network hashrate data, which indicates the activity’s production rate, continues to downtrend in a worrying pattern. In particular, data from mempool.space shows…
Ether (ETH), the world’s second-largest cryptocurrency by market capitalization, is set to follow a bullish path, according to CoinSignals, a platform that provides daily crypto-related news and free buy/sell signals on digital assets. In a post on its official Telegram channel, CoinSignals highlighted that Ether (ETH) has a much less selling pressure than market leader Bitcoin (BTC), which is facing a sell-pressure of 450 BTC a day. As a result, the platform predicted that the digital asset will trade between $12,000 and $15,000 during this cycle. #ETH Blow Off Top Target : $12k – $15k 🚀– Almost 30% of Supply…
DWF Labs, a prominent crypto trading and market-making firm, is preparing to enter the booming stablecoin sector. In an Aug. 1 statement on social media platform X, Andrei Grachev, the firm’s managing partner, stated: “Following our plans to be a global web3 financial institution, I am happy to announce that DWF Labs is working on a CeDeFi synthetic stablecoin that will allow users to receive a nice yield without losing any flexibility in using their assets.” Grachev did not disclose further details about the stablecoin. However, this move signals increasing institutional interest in the stablecoin market. Over the past year,…
MANTRA Network, a leading player in the real-world assets (RWA) and tokenized assets sector, has launched the highly anticipated GenDrop Season 2, featuring a massive 50 million $OM reward pool. At the current rate, this reward pool is valued at approximately $63.8 million. Exciting Opportunities and Future Plans in Mantra GenDrop Season 2 The rollout began on July 17th, with participants having the opportunity to earn substantial rewards by pledging $OM to a MANTRA Validator and completing on-chain missions. Early participants on MANTRA.ZONE will be eligible for exclusive rewards, providing additional incentives for prompt engagement in the GenDrop event. In…
Mark Cuban, a prominent businessman and minority owner of the Dallas Mavericks, has praised the California DMV for its move to digitize car titles using the Avalanche blockchain. This development, recently disclosed by Reuters, reportedly aims to detect fraud and streamline the title transfer process. The project was executed in partnership with tech company Oxhead Alpha. Notably, it will allow California’s 39 million residents to claim their vehicle titles through a mobile app, marking the first such implementation in the United States. Blockchain’s Role The project’s primary goal is to reduce the need for in-person DMV visits by utilizing blockchain…
Amid bearish sentiments surrounding Bitcoin (BTC), a crypto trading analyst has suggested that the asset’s current price movement could indicate a potential new all-time high. According to TradingShot, in a TradingView post on June 28, Bitcoin is undergoing a consolidation phase reminiscent of its historical behavior before initiating a parabolic rally. The expert noted that Bitcoin is consolidating at a symmetrical spot relative to previous cycles, which has always preceded a significant upward movement in its price. The cycle bottom-to-bottom time range has been relatively consistent at around 1400 days, while the bottom-to-top of the last two cycles was approximately…
At Bitcoin 2024 in Nashville, Cantor Fitzgerald, Tether’s custodian for United States treasuries, announced a new lending business which will allow people to get leverage on their bitcoin. Cantor Fitzgerald chief exec Howard Lutnick reportedly stated that it is “going to launch with $2 billion in lending.” The announcement noted that Cantor Fitzgerald “partner with select bitcoin custodians” to launch this new business line. Lutnick also noted that the firm owns a “shitload” of bitcoin. Protos has reached out to Cantor Fitzgerald to determine who it has partnered with for this new business line, but at press, it has not…
Leading media outlet Bloomberg infuriates XRP community members with its description of the seventh-biggest cryptocurrency. In a recent article titled “Settlement Speculation Pushes XRP to Forefront of Crypto Rally,” Bloomberg characterized XRP as a “little-known cryptocurrency.” According to Bloomberg, speculations about a potential settlement in the ongoing lawsuit between the SEC and Ripple have put the XRP at the forefront of the crypto rally, with an astronomical price surge of 40% recorded over the past week. Notably, Bloomberg Crypto, the media outlet’s crypto arm, shared a link to the article on X. XRP Community Members React Despite Bloomberg highlighting XRP’s…