Author: NBTC
Binance’s digital wallet has seen a meteoric rise in Venezuela, climbing to the 33rd spot on the list of the country’s most downloaded apps. This achievement places it just above Snapchat and just below WhatsApp, two of the most widely used messaging platforms in the nation. The surge in downloads highlights the growing interest in cryptocurrencies as more Venezuelans turn to digital solutions for financial stability amid an ongoing economic crisis. With inflation soaring and the local currency, the bolívar, rapidly losing value, the Binance wallet has become an essential tool for protecting assets and conducting transactions in Bitcoin and…
Bitcoin (BTC) price has gained 6% over the last 30 days. However, the current trend strength, as indicated by the ADX, shows signs of weakening. Additionally, recent netflows of BTC into exchanges suggest a shift towards caution among holders. BTC must break above the $68,506 resistance to push for a new all-time high, but failure to hold key supports could lead to a pullback. BTC Current Trend Is Not Strong As It Was Days Ago The ADX for Bitcoin (BTC) is currently at 33.55, indicating moderate trend strength. The Average Directional Index (ADX) measures the strength of a price trend,…
LunarCrash releases the report, highlighting the top trending decentralized finance (DeFi) projects by social media activity over the past week. Solana ($SOL) is reportedly leading the pack of DeFi projects. It has emerged as the most socially active project in the DeFi space. $SOL leads the social media discussion which reflects its growing influence and robust community engagement. ⚡️ TOP DeFi Projects by Social Activity$SOL $XRP $HBAR $AVAX $LINK $INJ $VET $EGLD $RAY $FTM pic.twitter.com/KGEewyMZ2Y — 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) November 19, 2024 Solana recorded an astounding 135K social posts which makes it a clear leader in terms of…
In the last 30 days, developer activity across various ecosystems has been tracked, highlighting the most active projects. Ecosystem developer activity refers to the total sum of developer contributions within each ecosystem. According to Santiment, Chainlink on Ethereum leads the pack with a remarkable 22.2K contributions. Starknet Follows ChainLink with 8.8K Developer Activities After Chainlink, Starknet is the second project in terms of developer activity with 8.8K. Even Ethereum, one of the key players in the blockchain industry, demonstrates high activity with 9.8K contributions. At the same time, Status, a messaging app and a crypto wallet, has 8.1K activities, which…
Each and every story begins with a memorable scene or a unique setting. For Web3 gaming in the Philippines, that scene played out in countless Filipino homes during the pandemic: students and workers, confined by lockdowns, discovered they could earn and build value together. What started as a curious blend of gaming and crypto would later explode into a cultural phenomenon. But this was just the proverbial testing ground. Fast forward to late 2024, the scene has matured far beyond those early play-to-earn days. While the initial gold rush may have cooled, something more substantial has taken root. The Philippines,…
Woo X has partnered with Kaito, a firm led by former Citatel technicians that has built a machine learning driven search engine for crypto sentiment across platforms like X and Discord. Woo X plans to invite bets on weekly copy trading competitions between the most copied human traders and George, the AI. Cryptocurrency exchange Woo X has added an AI-powered lead trader, called “George AI,” to the platform’s copy trade application unveiled earlier this year, letting users emulate a machine learning crypto sentiment engine, and also allowing for weekly bets on man versus machine. Woo X has partnered with Kaito,…
Compass Mining is constructing a new Bitcoin mining facility in Iowa, aiming to expand its self-owned infrastructure portfolio in the United States. Compass Mining’s Iowa Expansion Highlights Growing U.S. Presence Compass Mining has announced the development of a bitcoin mining facility on a five-acre site in Iowa. The company plans to energize eight megawatts (MW) of capacity by January 2025, with further expansion up to 30 MW. This marks a notable addition to Compass Mining’s growing network of self-operated sites. The Iowa facility is part of Compass Mining’s strategy to reduce dependence on third-party operators by owning and managing its…
Bitcoin’s future value remains a hot topic, with Finder’s latest survey reflecting expert opinions on its trajectory. While BTC is expected to hit $77,636 by the end of 2024, long-term projections predict growth to $113,364 by 2025 and $282,238 by 2030. Despite this cautious optimism, opinions are divided, especially concerning bitcoin’s mainstream adoption for everyday transactions. Bitcoin’s Future: Mixed Forecasts and Slow Adoption Prospects Comparison platform Finder’s October 2024 survey offers a detailed outlook on bitcoin’s projected value over the next several years, incorporating expert insights from 28 crypto specialists. “On average, our panelists think bitcoin (BTC) will be worth…
In a revealing study, the Bank for International Settlements (BIS) challenges the notion of decentralization in liquidity provision on decentralized exchanges (DEXs). This analysis of Uniswap v3 indicates that despite technological advancements, the dominance of institutional liquidity providers (LPs) shapes the DeFi landscape. According to BIS researchers, “These players hold about 80% of total value locked and focus their attention on liquidity pools that have the most trading volume and are less volatile.” This article examines BIS’s findings on liquidity provision in DeFi, highlighting the influence of institutional players on decentralized markets. The Reality of Liquidity Provision in DeFi: Insights…
The Ethereum ecosystem is clearly at a turning point when examining the larger picture and a price chart provided below. Let’s examine the ongoing discussion surrounding the rollup model and its relationship to Ethereum’s price patterns. The function of based rollups in Ethereum’s scaling roadmap is a topic of debate among Vitalik Buterin and other Ethereum community members. Security, interoperability and scalability are the three main problems that rollups are supposed to address simultaneously. The previous overly ambitious Ethereum 2.0 specifications, which experienced delays and rewrites, are reminiscent of this all-in-one approach. Critics argue for modularity, which treats interoperability and…