Author: NBTC

In the optimistic vibe that has dominated the cryptocurrency scene, XRP has emerged as a notable beneficiary, attracting a staggering $2.5 million amid a wave of massive inflows into the crypto market. The cryptocurrency market has recently seen a rise in inflows, with investors flocking to various digital currencies seeking opportunities for profits and diversification. According to the most current CoinShares report, digital asset investment products experienced the second-highest weekly inflows on record, totaling $1.84 billion. Massive Bitcoin inflows continue with a further US$1.8bn, US ETFs dominatinghttps://t.co/qCLgZM2RYb — James Butterfill (@jbutterfill) March 4, 2024 Trading volumes in investment products reached…

Upland, a crypto game built around real-world locations, announced Friday that it has launched the first wave of its “Share and Build” airdrop series. It’s aimed at rewarding community members and newcomers alike for engaging with the Upland platform before its Ethereum token goes live. The first chapter will let users earn Sparklet tokens—Upland’s existing in-game utility token used to construct buildings and create content—through social media activities and in-app missions over a three-week period. Users can connect their Twitter (aka X) accounts and earn points by engaging with Upland and Sparklet content on the social media platform. Those points…

Binance has announced the integration of the Solana network into its Web3 Wallet. By integrating the Solana network, Binance aims to transform its Web3 Wallet into a comprehensive, multi-chain, self-custodial wallet capable of meeting the diverse Web3 needs of its users, the exchange said in a recent press release. With this integration, users gain access to a broader range of blockchain networks, including those based on Bitcoin (BTC), EVM, and Cosmos (ATOM). Binance Web3 Wallet to Allow Token Swaps on Solana Binance Web3 Wallet users con now send, receive, and swap tokens on the Solana network. Additionally, they can explore…

Following Ethereum’s Dencun update today, BNB is preparing to take a similar update step this time. Inspired by Ethereum’s EIP 4844, this update aims to significantly reduce transaction costs and improve network performance by optimizing how data is stored and processed on the blockchain. BEP 336 introduces the concept of “Blob Transporting Transactions” (BlobTx). According to the official description, a blob is defined as a temporary and cost-effective segment of memory designed to capture large pieces of data of up to 128 KB each. These blobs were strategically prepared to facilitate the network’s transaction verification process. Instead of individually validating…

Bitcoin hits ATH of $69,170, then dips to a 6-day low of $59K. BlackRock’s Bitcoin ETF sets a $3.7B volume record amid volatility. Bitcoin, the leading cryptocurrency by market cap, surged to a new all-time high of $69,170, marking its first record peak in over two years. The jubilation was short-lived, as BTC experienced a sharp decline, dropping to a 6-day low of $59,323. This volatility led to a 7% decrease in the overall market capitalization, underscoring the unpredictable nature. Bitcoin’s rollercoaster ride reflects the complex interplay of factors driving its value. Notably, inflows into US-spot Bitcoin exchange-traded funds (ETFs),…

Ethereum has recently breached a significant resistance level, crossing the psychological milestone of $4K and achieving a new high for the year. However, this breakthrough was met with resistance, leading to a noticeable correction. The question that arises now is whether this correction is merely a temporary setback or the beginning of a broader reversal in the bullish trend. By Shayan The Daily Chart A thorough analysis of the daily chart indicates a prevailing bullish sentiment surrounding Ethereum, evident in a strong and sudden upward surge that surpassed the critical resistance at $4K. This surge reflects heightened interest from market…

In a groundbreaking move, Ontology has laid out its visionary roadmap for 2024, setting the stage for a transformative year in digital identity and blockchain technology. The company’s forward-thinking strategy is meticulously crafted to accelerate the adoption of Decentralized Identity (DID) solutions and to foster enhanced interoperability across diverse blockchain networks, thereby pushing the boundaries of digital asset management technology. Strategic Focus on All-Round Interoperability A cornerstone of Ontology’s 2024 agenda is the strategic integration with the Goshen Network, incorporating Ethereum layer 2 and Bitcoin EVM layer functionalities. This integration, facilitated by the innovative Ontology and Goshen Bridge, is poised…

India’s fintech firm, Paytm, has received approval to pivot its operations towards a consumer digital payments platform, following regulatory orders to wind down its banking affiliate, Paytm Payments Bank. This development marks a transition for the company, ensuring continuity in its core business amidst regulatory challenges. The National Payments Corporation of India (NPCI) announced yesterday (Thursday) that Paytm has been granted approval to operate as a consumer digital payments platform, with support from prominent lenders including Axis Bank, HDFC Bank, State Bank of India, and Yes Bank. These banking partners will facilitate peer-to-peer transactions and Unified Payments Interface (UPI) payments,…

Pyth Entropy has officially launched on the EVM networks, offering a solution for random number generation (RNG) commonly used by blockchain applications, such as games, non-fungible tokens (NFT) drops, and decentralized prediction markets, which require a reliable source of randomness to ensure fair and unpredictable outcomes. The protocol leverages a two-party commit-reveal mechanism, a cryptographic technique that allows for the generation of random numbers without the need for mutual trust. During the period called the “Commitment Phase”, each party generates a secret random number, hashes it, and commits the hash to the blockchain. In the “Reveal Phase”, the numbers are…

CNBC’s “Mad Money” host Jim Cramer expressed his concerns about Bitcoin reaching what he believes could be a market peak. The outspoken financial pundit shared his perspective following a dramatic swing in Bitcoin’s price, which saw the digital currency plummet to $58,000 after achieving a record high of over $69,000. Despite the sudden dip, Bitcoin has shown resilience, clawing its way back to the $66,000 mark. A tumultuous market reaction The volatility of Bitcoin has once again come to the forefront as the currency experienced a sharp downturn following its climb to unprecedented heights. The fluctuation was significant enough to…