Author: NBTC
Synternet, a trailblazer in blockchain interoperability, is reshaping the landscape of Web3 data sharing through its deep integration with the Interchain ecosystem. The company has recently announced significant milestones with the launch of its mainnet and the imminent opening of the bridge from its ERC20 $SYNT token to the Cosmos token. This integration marks a pivotal advancement in facilitating seamless real-time data flow across various blockchain platforms, promising a new era of connectivity and accessibility in the decentralized world. As Synternet’s platform goes live, it not only produces blocks supported by institutional validators but also sets the stage for expansive…
Leading cryptocurrency Bitcoin (BTC) has been in a downward trend since June due to Mt.Gox and German government news. At this point, while the BTC price has fallen to $ 53,600, many data are now giving bottom and rise signals. At this point, CryptoQuant analyst examined the Bitcoin: Puell Multiple indicator in a recent analysis. According to the analyst, this indicator signals that an upward move is approaching. CryptoQuant analyst named Crypto Dan noted a significant drop in Bitcoin Puell Multiple, a metric that measures mining profitability. The analyst noted the success of this indicator in finding market bottoms during…
Shiba Inu (SHIB) is riding high on its bullish momentum as meme coins across the board see an increase in market performance. The dog-themed meme coin currently holds the leading position in recent gains, with PEPE trailing behind. Shiba Inu’s playful taunt In a recent post on SHIB’s official X handle, Shiba Inu humorously dismissed potential challengers, asserting its dominance and suggesting that competitors can vie for second place. SHIB stated: New challengers emerge, but the #SHIBARMY remains unfazed at the top 🏆1. While the runner-up spot is open (even to amphibians!) the top dog position is ours. #ShibaArmyStrong. New…
Pell Network has announced a new collaboration with HashKey Cloud. HashKey Cloud is a well-known part of the HashKey Group. HashKey Cloud is recognized for providing comprehensive Web3 infrastructure solutions globally. Exciting Partnership Alert! We are proud to announce our new collaboration with @HashKeyCloud ! 🌐HashKey Cloud, a prominent player within the HashKey Group, specializes in providing comprehensive Web3 infrastructure solutions globally.This partnership marks a significant… pic.twitter.com/lJDebYWe6b — Pell Network (@Pell_Network) July 16, 2024 Pell Network to Enhance Services with HashKey Cloud Partnership This partnership is a significant step for Pell Network. It aims to expand its technological capabilities and…
Billy Markus, known on the X app as Shibetoshi Nakamoto, who made the iconic meme cryptocurrency DOGE in cooperation with IT engineer Jackson Palmer in 2013, has taken to his X handle to once again to communicate with his multi-million X audience. This time, Markus pondered a hypothetical opportunity to make $5 million within one year. He suggested this idea to the crypto community, picking their minds on this potential profit. In his tweet, he asked: “Would you fly on 8 hours of boeing flights a day for a year in exchange for 5 million dollars?” would you fly on…
The popular cryptocurrency Cardano (ADA) has reentered the top 10 crypto assets by market capitalization in what may be considered a story of stability and anomaly. Thus, according to data from CoinMarketCap, Cardano, with a capitalization of $16.44 billion, took ninth place in the top ten, followed by Shiba Inu (SHIB), with a capitalization of $16.13 billion, in tenth place, and then Toncoin (TON), with an estimated market capitalization of $15.65 billion. It is noteworthy that a few hours earlier, Cardano token had relinquished its position in the top 10, when Shiba Inu (SHIB) overtook ADA amid a surge in…
The Filecoin Foundation has announced that Democracy’s Library, an initiative by the Internet Archive, has successfully uploaded over one petabyte of data onto the Filecoin network. This effort enhances the long-term preservation and accessibility of government data by leveraging the Filecoin network, ensuring more secure and robust storage compared to traditional methods. The Filecoin Foundation has announced a significant achievement by Democracy’s Library, a project led by Interactive Archive, which has successfully uploaded over one petabyte of data onto the Filecoin network. This includes extensive collections curated by End of the Term Archive. The initiative, known as the End of…
The Fed Chair acknowledged a softer labor market has gotten his attention, but reminded that inflation remains too high. Bitcoin bounced higher, but quickly gave back any gains. The chances of a September rate cut edged just so slightly higher on Tuesday as U.S. Federal Reserve Chairman Jerome Powell said elevated inflation is not the only risk faced by the economy. “Reducing policy restraint too late or too little could unduly weaken economic activity and employment,” said Powell in prepared remarks for his Humphrey-Hawkins testimony in front of a Senate committee. In the question and answer session that followed, Powell…
Crypto gaming startup Pixelverse announced Tuesday that it will introduce a Pudgy Penguins character to its widely-played Telegram game, PixelTap. This move brings one of the most recognizable figures in the crypto world to a game that has already attracted millions of players in recent weeks. Pudgy, the face of the successful Pudgy Penguins NFT collection on Ethereum, will join other crypto-inspired characters like Doge, Solana’s Mew, and Avalanche’s Coq Inu in PixelTap. Pudgy Penguins has seen more crossover success than most NFT collections, landing its toy line in stores like Walmart and Target and reportedly selling more than a…
Shiba Inu (SHIB) is on the cusp of overtaking Cardano (ADA) in market capitalization. Presently, the gap between the two is a slim $220 million, with Shiba Inu valued at $16 billion versus Cardano’s $16.22 billion. This increased activity in meme coins, both in direct investment and futures trading, suggests they are transitioning from niche internet jokes to major financial assets. Shiba Inu Investor Booked 419X Gains as the Meme Coin Surge Earlier today, Shiba Inu briefly surpassed Cardano, signaling its potential to climb higher in the rankings. However, it could not maintain its position. This instance highlights the volatile…