Author: NBTC

While Blockchain has been around for more than 14 years, to date its application on a mass scale has still been limited, this is why DRIFE with its first decentralized ride-hailing platform has gone live in Dubai UAE, to bring blockchain enabled applications to the masses. Built on Sui Blockchain, DRIFE has gone live in Dubai with its pilot launch. The blockchain-enabled ride-hailing applications received its license earlier this year, two years after it began operations in India. Cryptopolitan interviewed Firdosh Sheikh, founder and CEO of DRIFE, to learn more about how DRIFE is growing in the MENA region and…

As Bitcoin (BTC) approaches the $60,000 level, Ki Young Ju, CEO of cryptocurrency analytics firm CryptoQuant, shared his views on the cost-based levels at which various types of investors are purchasing Bitcoin. When Ju first released this data, Bitcoin was trading at $57,000. Now, with Bitcoin at $60,000, the average profitability for these investor groups has changed: New Custody Wallets/ETFs: Bought at $62k, currently down -3%. Binance Investors: They entered at $55,000 and are currently +9% profitable. Mining Companies: Bought BTC at $43k, currently seeing +40% gains. Old Whales: Bought at $27k and made a significant +122% profit. Meanwhile, broader…

The derivatives liquidity protocol Synthetix (SNX) witnessed more development activity than any other project in the decentralized finance (DeFi) sector in the past 30 days, according to the crypto analytics firm Santiment. Synthetix aims to serve as a backend liquidity tool for user-facing DeFi projects, according to the protocol’s whitepaper. Santiment notes that Synthetix clocked 264.57 notable GitHub events in the past 30 days, compared to 218.33 events for the second-most-developed project, the decentralized exchange (DEX) dYdX. A distant third on the analytics firm’s list is Lido DAO, a liquid staking service for the Ethereum (ETH) ecosystem. The project registered…

Helium Mobile, a decentralized wireless mobile provider, has partnered with the University of Southern California as a sponsor of the institution’s teams, the USC Trojans. Blockchain-powered Helium Mobile disclosed the sponsorship deal in an announcement on Sept. 26. The Helium Network (HNT) related platform said the partnership with the USC Trojans will include stadium branding, giveaways, and fan engagement. Fan experience According to Helium, the new partnership will feature branding and activities during the university’s football and basketball teams’ home games for the 2024-25 season. The partnership will also target fan experiences, giving USC Trojans supporters a chance to learn…

In today’s fast-paced financial world, access to real-time, high-quality data has become a game-changer for investors at all levels. OpenBB’s mission to democratize advanced market data and make it accessible to everyone aligns seamlessly with the groundbreaking efforts of Pyth Network. To explore how Pyth is powering OpenBB’s real-time data feeds and transforming the investment landscape, we sat down with Michael Cahill, CEO of Douro Labs and a core contributor to Pyth Network. In this interview, Cahill shares insights on the partnership with OpenBB, the role of Pyth in leveling the playing field for non-institutional investors, and the future of…

Erik Voorhees, a Bitcoin OG who founded Spaceshift and recently also Venice AI, has published a post on the X platform to comment on the recent big Bitcoin purchase announced by Michael Saylor’s MicroStrategy behemoth. Earlier this week, the company’s executive chairman announced the acquisition of another Bitcoin chunk that greatly surpassed the previous ones made this year. Aside from Voorhees, another big Bitcoiner praised Saylor for the BTC acquisition — Max Keiser. Erik Voorhees compliments MicroStrategy’s Bitcoin purchase Voorhees complimented on the big Bitcoin acquisition made by MicroStrategy. This time the company added a staggering 18,300 BTC, paying a…

It’s a good day to be a degen. That’s especially true if you invested in Moo Deng (MOODENG), the viral coin that’s making explosive gains this week, but it isn’t only baby pygmy hippo coins that are deep in the green today. The top 10 meme coins are all up over the past 24 hours, with many notable projects jumping by double-figure percentages. This comes as Solana meme coin factory Pump.fun starts to regain traction following a poor month in which aTron-based rival threatened its dominance. Sector leader Dogecoin (DOGE) is up 8% on the day, while second-place token Shiba-Inu…

Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. Narratives move quickly in crypto. A month and a half ago, Solana Foundation head of strategy Austin Federa wrote on X that “​​Most of the L2-ish things on Solana are better thought of as Network Extensions.” The basic rationale is that while layer-2s are meant to scale Ethereum by running smart contracts more cheaply on different software, Solana is meant to scale at the base layer, and many Solana-centric networks are meant to do different things than the layer-1.…

Grayscale Research has published a new list of 20 digital assets that have high potential in the fourth quarter of the year. While compiling its list, the research arm of the leading asset manager takes into account such factors as possible catalysts, network adoption, potential risk factors, and so on. During this water, Grayscale Research has added a total of six new digital assets to its list. These include Sui (SUI), Optimism (OP), Helium (HNT), Bittensor (TAO), UMA Protocol (UMA), and Celo (CELO). Grayscale claims that these Sui and Optimism are meant to represent high-performance infrastructure. It noted that Sui,…

With bitcoin prices on the rise in October, miners are seeing a bit more cash in their pockets compared to the start of the month. The network’s hashprice, which represents the value of one petahash per second (PH/s) of hashpower, has climbed by over 14% this month. Meanwhile, the network hashrate is sitting just below the all-time high recorded on Oct. 7. Bitcoin Miners See Increased Hashprice Amid Mid-October Rally October has certainly been eventful in the world of Bitcoin. As of today, miners are earning around $50.29 per PH/s, up from $44.01 on Oct. 1. That’s a bump of…