Author: NBTC
The Middle East and North Africa region has become the seventh-largest cryptocurrency market as both retail and institutional adoption grows. According to a Chainalysis report, MENA received $338.7 billion in cryptocurrencies between July 2023 and June 2024, securing the seventh spot. This accounted for 7.5% of the global on-chain value. 1/ MENA is the 7th largest crypto market we studied in 2024, receiving ~$338.7B in on-chain value. Türkiye (#11) and Morocco (#27) rank high in our adoption index, capturing $137B and $12.7B, respectively. pic.twitter.com/uKfFJMsLrF — Chainalysis (@chainalysis) September 25, 2024 Türkiye leads the region with $137 billion in on-chain value…
In a recent analysis by on-chain analytics firm IntoTheBlock on X, the Cardano network has been highlighted for its impressive on-chain volume. The data reveals that Cardano settles approximately $7.2 billion daily in on-chain volume, a figure that surpasses many other blockchain networks. This substantial volume showcases the utility of the Cardano network. However, this impressive on-chain volume yields an impressively low NVT ratio of just 2.62, which could indicate ADA is undervalued. Cardano’s number of addresses with a balance has hovered around 4.45 million for over a year. Here’s what’s going on👇During the last cycle, Cardano experienced significant growth,…
With the SEC v. Ripple lawsuit approaching a critical stage, prominent XRP community figure Zach Rector outlines three events he is anticipating if none of the parties appeal. According to Rector, the multi-year lawsuit is in the grand finale stage, with an appeal window closing in less than two weeks, specifically on October 7. Rector pointed out that the longstanding legal battle will officially come to an end if neither the SEC nor Ripple files an appeal notice on or before the appeal window closes. 3 Upcoming Events With the lawsuit nearing its conclusion, Rector highlighted three major events that…
Widely followed crypto analyst Rekt Capital is suggesting that Bitcoin (BTC) is at a point in its market cycle that has historically preceded massive moves to the upside. The pseudonymous analyst tells his 483,000 followers on the social media platform X that BTC is at a major turning point that has unfolded in previous chapters of Bitcoin’s history. Rekt Capital’s chart suggests that BTC goes parabolic right after convincingly breaking through the previous all-time high. “BTC. We are here (green circle).” Source: Rekt Capital/X After a bounce off of the $65,000 mark, the analyst says that Bitcoin has officially confirmed…
According to the latest cryptocurrency news, the Hinkal Protocol has recently reached a transaction volume of $3 million hETH. This achievement occurred after Anonymity Staking gained momentum because blockchain users seek privacy-focused options. hETH reached $3M volume in our @CurveFinance Pool! Anonymity Staking is shaping the privacy ecosystem – and our stakers are the main drivers of it! Deposit your hETH in the Curve Pool to enjoy extra yield: https://t.co/Fy8e35DrD4 pic.twitter.com/xSEi3ZrKAE — Hinkal (@hinkal_protocol) September 25, 2024 People wanted to stay anonymous or unknown to hide their identities or transaction details. As a result, the Hinkal Protocol is becoming a…
At a recent event in Singapore, Vitalik Buterin talked about growing concerns over Ethereum’s network security. Specifically, the creator of the blockchain highlighted some overlooked vulnerabilities that could pose a big threat, even though the current staking mechanisms can be called robust. It all centers on solo stakers, which Buterin called the first and last line of defense, which play a big role in keeping the network secure. They make sure that censorship is blocked and that the blockchain is not corrupted by hackers. By resisting regulatory control, they protect the network from outright censorship. However, Buterin’s talk made it…
Sale of as much as $8 million of nodes to whitelisted buyers would begin on Nov. 6. Additional node sales after that could increase total raised to $37 million. Huddle01’s “dRTC Chain” is built using the Ethereum layer-2 project Arbitrum’s Orbit software stack, with a test network scheduled to launch two weeks after the node sale concludes. Huddle01, a blockchain project to provide decentralized audio and video conferencing – aiming to provide lower latency virtual meetings than Zoom and Google Meet – plans to raise as much as $37 million in a sale of network nodes. The 49,600 “media nodes”…
Algorand (ALGO) uses a carbon-negative blockchain and PPoS mechanism to support sustainable energy solutions. WePower (WPR) enables direct renewable energy trading, enhancing transparency and accessibility through blockchain technology. Power Ledger (POWR) facilitates peer-to-peer energy trading, reducing grid reliance and promoting local renewable energy use. The intersection of cryptocurrency and green energy is sparking a revolution. As the world pivots toward sustainable solutions, certain blockchain projects are leading the charge in the energy sector. These tokens aren’t just about profits—they’re driving real-world impact by promoting cleaner, more efficient energy systems. Let’s explore three tokens thriving in this space; Algorand (ALGO), WePower…
Exodus, a crypto wallet provider, has donated $1.3 million to Stand With Crypto, a bipartisan advocacy group focused on supporting pro-crypto candidates in the upcoming U.S. elections. The donation, first reported by Fox Business, comes at a crucial time, with just six weeks until Election Day. Stand With Crypto aims to educate and mobilize crypto voters nationwide, and Exodus’ contribution will help expand these efforts. Exodus’s website also showcases a banner in support of Stand With Crypto and its initiatives. Stand With Crypto, which has partnered with industry giants like Coinbase, is pushing to influence the political landscape in favor…
Samson Mow, vocal Bitcoin proponent and the chief executive officer of JAN3, has commented on a recent statement about the suggestion made by Senator Cynthia Lummis during the Bitcoin 2024 conference to transfer U.S. Federal Reserve banks’ reserves from treasuries into Bitcoin over the next five years. That would constitute 1,000,000 BTC – 5% of the Bitcoin circulating supply. Paul Vigna, co-author of the “The Age of Cryptocurrency” book, also made a comment on that suggestion, and Mow basically responded to him, citing Vigna’s tweet in his own. Mow’s statement on “Bitcoin volatility” Vigna pondered why the Federal Reserve would…