Author: NBTC

As AI evolves and the need for more computational power increases, the demands on digital infrastructure have never been greater. It’s becoming a serious problem, with Big Tech hoarding the best hardware and monopolizing the industry. Enter DePIN, or decentralized physical infrastructure networks—a groundbreaking approach to tech infrastructure poised to revolutionize business operations. From scalability and cost efficiency to enhanced resilience, DePIN offers a myriad of benefits that traditional centralized models simply can’t match. One of the biggest players in this space, IO.net, agreed to chat about DePIN’s advantages, highlight its benefits, and look at the future of this innovative…

Coinbase has announced a significant upgrade for its forum for the trading of perpetual futures. As per Coinbase, the respective move permits eligible retail and institutional traders to get a leverage of nearly 20x, offering greater opportunities to the traders to maximize positions as well as boost profits. The platform took to its official social media account to provide the details of the latest endeavor. We’re thrilled to announce that we are increasing leverage to 20x for perpetual futures trading, available to institutions via Coinbase International Exchange and to retail traders via Coinbase Advanced. Take your trading further with 20x.…

Bitcoin continues to show volatility in the market, with bulls slowly gaining momentum, but key resistance levels remain a challenge. $90,000 Is In Play, But This First Renowned crypto analyst Captain Faibik recently shared his bullish outlook for Bitcoin, forecasting that the asset could touch $68,000 by the end of this month if it successfully reclaims the critical $60,000 level. Faibik emphasized that a daily candle close above $60,000 would be crucial for pushing Bitcoin toward new highs by December. Faibik also highlighted the potential for a Broadening Wedge pattern breakout, which could push Bitcoin’s price to between $88,000 and…

Shiba Inu deployers could have made millions from the adoption of the meme coin if the project launched in the Sonic network. Andre Cronje, the founder of Sonic, recently discussed the potential earnings meme coin deployers could have made had their tokens launched on Sonic. He specifically noted that Shiba Inu (SHIB) deployers alone could have earned over $88 million. However, other meme coins like Pepe and Floki also stood to benefit massively, with potential earnings of $5.8 million and $1.6 million, respectively. These figures are a result of Sonic’s gas monetization model, which offers developers up to 90% of…

At the BRICS Business Forum in Moscow, Russian President Vladimir Putin announced that the bloc will continue discussing the use of digital currencies in investment developments. JUST IN: BRICS to use digital currencies for investment developments. pic.twitter.com/i7u7JFsC55 — BRICS News (@BRICSinfo) October 18, 2024 This highlights the group’s broader strategy to reduce reliance on the US dollar and assert greater economic independence. Putin noted that digital currencies could benefit both BRICS members and developing economies. Putin mentioned that Russia, along with other BRICS members, has already been working on a SWIFT-like financial messaging system and the use of national digital…

Allbridge has recently deployed a USDt (Tether) pool on Solana, which is groundbreaking for decentralized finance (DeFi) and cross-chain technologies. This integration is expected to improve the Solana ecosystem’s liquidity, flexibility, and user experience and represents a leap toward integration between blockchains. Solana USDT is now available on @Allbridge_io 🔥With Allbridge Core, you can easily bridge @Tether_to and other stablecoins from EVM to Solana natively. https://t.co/6wtrFOlFlF pic.twitter.com/qCwFbowRtB — Solana (@solana) October 15, 2024 Allbridge Expands Solana Routes with USDt Pool Allbridge, a well-known platform that helps transfer assets between blockchains, shared that it has expanded the Solana pools by adding…

Although Bitcoin (BTC) on-chain health remains net positive, from a price perspective two crucial support levels must be maintained for a continued bullish uptrend, notes ARK Invest in its latest monthly report. Bitcoin’s Healthy On-Chain Metrics, What Does It Mean? In its report, ARK Invest posits that Bitcoin requires some upside if its market structure is to be maintained. The report notes that in August 2024, BTC’s price slid by 8.7% to $58,972. The leading digital asset was also unable to overcome its 200-day moving average, making two key support areas at $52,000 and $46,000 critical for its bullish momentum.…

Revolut is considering launching its own stablecoin as part of its growing crypto product suite, according to a Bloomberg report. The fintech giant is reportedly evaluating its options to release a stablecoin, but has yet to make a final decision on whether to proceed. There had also been rumors that Robinhood might release a stablecoin, but a spokesperson for the company clarified that there are “no imminent plans” for such a launch. Meanwhile, Revolut has neither confirmed nor denied its own plans to issue a stablecoin. While Robinhood has ruled out any immediate action in this space, Revolut remains non-committal.…

Cryptocurrencies are built on blockchain networks. Much like a house is built starting with a solid foundation, a crypto network begins with its layer-1 blockchain. This is the bedrock of the entire system, handling processes like security, transaction processing, and much more. This article will explain exactly what we mean by layer-1 in terms of cryptocurrency and blockchain technology, from the definition of L1 blockchain to real-world use cases and examples. Table of Contents What is blockchain? What is layer-1 blockchain? Key characteristics of layer-1 blockchain List of layer-1 blockchains The future of layer-1 blockchains FAQs What is blockchain? A…

Inflows into US spot Bitcoin exchange-traded funds surged on Friday, with net buying topping $263 million, the largest single-day inflow since July 22. The strong performance returned on a day that saw Bitcoin jump above $60,000, registering a 12% increase in a week, per TradingView. According to data from Farside Investors, investors poured around $102 million into Fidelity’s Bitcoin (FBTC), bringing the fund’s weekly gains to approximately $218 million. Source: Farside Investors FBTC made a strong comeback and led the group this week after suffering two consecutive weeks of negative performance. During the stretch, around $467 million was drained from…