Author: NBTC
CEO of Circle, Jeremy Allaire, says stablecoins will become a critical part of Hong Kong’s trade settlements as the region transitions into more Web3 territory. According to an Oct. 30 report on South China Morning Post, Jeremy Allaire said Circle(cUSDC) is targeting Hong Kong for its “global network of stablecoins” that will make transactions cheaper and faster for markets trading through Hong Kong. “In emerging and developing markets … there are importers who are importing out of Asia, and a lot of the trade flow is settled through Hong Kong,” said Allaire at Hong Kong FinTech Week 2024. He said…
Catizen, a rapidly growing Web3 app, has surpassed 1 million paying users, making it the first consumer-level Web3 platform to achieve this milestone. The success comes ahead of the official launch of the $CATI tokens on September 20th. Catizen has shown impressive growth, with over 39 million total users and 18 million active monthly users as per Telegram. 🐱 @CatizenAI is now the first consumer-level Web3 app to surpass a million paying users! Before $CATI token official launch on 20th of September, Catizen has already achieved remarkable growth, with over 39M total users and 18M active monthly users. 🔥 Learn…
Cardano’s Hydra L2 now hosts a Nintendo emulator, merging retro gaming with blockchain technology. Hydra allows fast, decentralized gameplay on Cardano, starting with Doom and expanding to Nintendo classics. Cardano aims to attract gamers by offering secure, nostalgic experiences with blockchain-based Nintendo games. Cardano developers are preparing to take blockchain gaming to a new level. After successfully implementing Doom on Cardano’s Hydra L2 solution, Charles Hoskinson, the founder, revealed that the next project will be a Nintendo emulator. 🚨BREAKING: @IOHK_Charles is putting an #Nintendo emulator on #Hydra so you can play ANY regular/super Nintendo off of the decentralized network 🤯Mega…
Crypto analyst Astronomer, known by the handle @astronomer_zero on X, has put forth a potentially compelling bottom signal for Bitcoin, which hinges on the electricity costs incurred by miners to produce BTC. According to him, this particular metric has historically served as a reliable indicator for identifying optimal buying opportunities within Bitcoin’s price cycles. Is The Bitcoin Bottom In? The analysis titled “BTC Miners electricity cost, a 100% accurate bottom signal,” leverages data to illustrate a scenario where the cost of Bitcoin production dips below its market price, suggesting a pivotal moment for potential investors. Astronomer elaborated on his methodology…
The Sapien team is led by Rowan Stone, the former co-creator of Coinbase’s layer 2 network Base, and Trevor Koverko, founder of Polymath and author of RWA standard ERC1400. As well as incentivizing work with USDC or reward points, AI works post collateral and like a proof-of-stake blockchain, that earned or paid for collateral can be slashed for cheating or using bots. Sapien, a startup that incentivizes people to supply all sorts of data for use in AI, has raised $10.5 million in seed funding led by VC firm Variant, with participation from Primitive Ventures, Animoca, Yield Game Guild and…
Tether, the company behind stablecoin USDT, has released its Q2 2024 attestation report, confirming reserves of $118.4 billion. As per the report, the reserves surpass the company’s liabilities by $5.3 billion. Tether’s disclosure of its reserves comes after the firm’s recent announcement that it purchased a 9.8% stake in Latin American agricultural giant Adecoagro for $100 million. Tether’s US Treasury holdings amount to $97.6 billion The attestation report highlights Tether’s major holdings in U.S. Treasuries. As per the report, the holdings amount to over $97.6 billion. This makes Tether the 18th largest holder of U.S. Treasuries globally. Tether has now…
A great news for the Web3 ecosystem as Galxe is now partnering with Zircuit, an AI-based zk-rollup developed on innovative L2 infrastructure. This partnership may take blockchain to new heights of efficiency, scalability, and liquidity and remove the barriers to decentralized technology. With Galxe’s influencer in Web3, the partnership with Zircle’s ready L2 solutions will aim to establish new standards for the sector. We’re thrilled to announce our latest chain integration with @ZircuitL2 🐈Zircuit is an AI-powered zk-rollup built on cutting-edge L2 technology. With a staggering $1.8B in TVL and a new liquidity hub program, we’re excited to welcome Zircuit…
Bitcoin price approaches a crucial support level at $56,000; a close below could see its downtrend persist. Lookonchain and Arkham intelligence data show that institutions are selling their BTC holdings. On-chain data shows a bearish picture, such as falling daily active addresses and decreasing Coinbase premium index. Bitcoin (BTC) recovered on Wednesday after retesting its daily support level of around $56,000, but the 2.15% decline on Thursday suggests this rebound may be fleeting. The downtrend may persist if BTC drops below the $56,000 support, evidenced by Lookonchain and Arkham intelligence data indicating institutional selling, alongside bearish on-chain signals such as…
In a notable shift, British finance minister Rachel Reeves announced on Wednesday, October 30, a hike in the capital gains tax rates for most assets, including stocks and cryptocurrencies. Under the new plan, the tax rate will increase from 10% to 18% at the lower rate, and from 20% to 24% for higher earners. Reeves stated that these adjustments are projected to generate £2.5 billion, aligning capital gains tax with the rates already applied to property transactions, which will remain steady at 18% and 24%. Outlining the motivations behind the tax changes, Reeves said: “We need to drive growth, promote…
Worldcoin’s World ID officially launched its Poland operation. It will now allow individuals to orb-verify their World ID at specified locations in Poland’s capital, Warsaw. Worldcoin announced the continuation of its European expansion with the launch of its World ID verification in Poland on September 18th. The for-profit cryptocurrency project released a press statement detailing important information on its operations and expounding on its expansion in other locations around the world. Poland adopts World ID verification World ID verification is now available in Poland 🇵🇱 pic.twitter.com/3TbJd4BI57 — Worldcoin (@worldcoin) September 18, 2024 Worldcoin announced that individuals in Poland could access…