Author: NBTC

A pro-Cardano content creator on YouTube revealed a new feature on the blockchain that could let ADA stakers earn up to 30% more staking rewards through the protocol’s Staking Baskets. Speaking with Cardano founder Charles Hoskinson and Tim Harrison, EVP of Community and Ecosystem at Input Output, the content creator mentioned that Cardano devs have found a way to achieve this extra reward by using the Staking Basket smart contracts. The three Cardano figures met at the Rare Evo 2024 event in Las Vegas. During their discussion, the YouTuber explained to Hoskinson and Harrison that his dev group has built…

Bitcoin is currently navigating a crucial support area that could determine whether the asset holds its ground or slides into lower price levels. The market has seen Bitcoin enter oversold territory on several time frames, signaling potential price exhaustion. Analysts are closely monitoring this final support zone as Bitcoin approaches a pivotal point. According to analyst Josh of Crypto World, if Bitcoin fails to maintain its position above the $56,000 level, particularly with a decisive four-day candle close below this threshold, it could confirm a bearish trend reversal on larger time frames. This would mark the end of the bull…

Despite the recent fluctuations in the cryptocurrency market, some digital assets continue to show robust potential for growth. With the global cryptocurrency market cap currently standing at $2.19 trillion, reflecting a modest 0.2% change in the last 24 hours, certain cryptocurrencies present promising investment opportunities. Finbold has identified two digital assets that are poised to potentially reach a $50 billion market cap by September, driven by strategic advancements and growing investor confidence. XRP (XRP) XRP is on track to make significant strides toward a $50 billion market cap, supported by several key developments. The recent favorable outcome of the Ripple…

American businessman Robert Kiyosaki, who is known as the author of the “Rich Dad Poor Dad” series of personal finance books, has downplayed the severity of Bitcoin’s most recent crash. Kiyosaki claims that he is ready to buy more Bitcoin and precious metals following the most recent price crash. “Crashes are times When the brave get richer and the cowards get poorer…. Because they sell or do nothing. The world is filled with poor cowards. Be smart.,” he wrote in a follow-up social media post. Earlier today, the largest cryptocurrency dropped to an intraday low of $51,331, reaching its lowest…

Shenzhen, China’s SEZ bordering Hong Kong to the south, is gearing up to boost the adoption of China’s digital RMB, mirroring similar efforts in SAR, Hong Kong. The Shenzhen Local Financial Management Bureau is seeking public feedback on a plan to support digital finance, as reported by local blockchain media outlet JinSe Finance. In a post on social media platform X (formerly Twitter), JinSe Finance, a local blockchain-focused media outlet, highlighted that the Shenzhen Local Financial Management Bureau publicly solicited opinions on the “Implementation Opinions of Shenzhen on Supporting the High-quality Development of Digital Finance.” According to JinSe Finance, Shenzhen…

Charles Hoskinson, the founder of Cardano, recently responded to the comments made by market veteran Raoul Pal. Recall that Pal, speaking on Real Vision, criticized the so-called “cult-like” mentality of investors holding onto “old coins” like Cardano and XRP. These comments, shared widely on social platforms like X, prompted a sarcastic retort from Hoskinson. Cardano’s Underperformance Notably, Cardano’s performance in this bull run has not been particularly favorable, a pattern it shares with XRP. ADA has faced challenges, underperforming while assets like Bitcoin (BTC) hit new highs. Despite the broader market seeing gains, Cardano has collapsed by 40% in 2024…

With threats of the U.S. market facing a recession ahead, investors are pulling out of risky assets. Consequently, Bitcoin (BTC) and the rest of the crypto market is facing an intense sell-off. With a 10% drop in BTC today, will Bitcoin retest the $50,000 mark? Following a massive crash in the US markets on Friday, the global market sentiments are on a downhill slope. With Asian and European markets slipping under major levels and turning bearish overnight, the crypto market liquidations are on the rise. Today, Bitcoin is under $54K, and Ethereum is below the $2,350 mark, with the downfall…

RWAs continue to experience growth led by tokenized U.S. Treasuries. BlackRock’s boasts a market value of over $500 million. The market value of on-chain real-world assets (RWAs), excluding stablecoins, continues to rise, representing continued investor interest in blockchain-based tokenization of traditional assets. Currently, total RWAs are worth more than a record $12 billion, according to a report published by Binance Research on Friday. That amount excludes the $175 billion stablecoin market. Tokenization of RWAs like real estate, government bonds, stocks, and intangible assets like carbon credits makes traditionally illiquid markets easier to trade, allowing investors to purchase assets in fractions…

Switzerland has taken a step further in embracing crypto with the recent expansion of the instant payment scheme as other banks integrate XRP into their trading platforms. According to reports, 28% of banks in Switzerland allow or are planning to allow customers to invest in crypto. According to an announcement by the Swiss National Bank (SNB) and financial infrastructure operator SIX Interbank Clearing Ltd, Switzerland has reached an advanced phase in its effort to leverage the power of instant payment schemes to go cashless. In the SNB report reviewed by Crypto News Flash, about 60 financial institutions within the country…

Zano blockchain partnered with Confidential Layer to enable secure and private transactions across different blockchains. This allows users to keep their original assets (like ether or bitcoin) while adding Zano’s strong privacy features. Both the Zano and Confidential Layer teams see this as a significant step towards a digital economy where users have control over their finances without compromising privacy. Best of Both Worlds Zano, the layer one (L1) blockchain, has partnered with the privacy bridge Confidential Layer to enable secure and private transactions across different blockchain ecosystems. Through this partnership, users will be able to retain their underlying assets…