Author: NBTC
Nigeria has emerged as the second-largest adopter of crypto worldwide, cementing its position as a leader in digital finance, according to Chainalysis’ upcoming report. The ranking illustrates Nigeria’s rapidly expanding crypto ecosystem, where everyday transactions, remittances, and business payments increasingly rely on digital assets, especially stablecoins. The country’s success mirrors a broader trend in Sub-Saharan Africa, a region witnessing modest yet significant growth in its crypto adoption. According to Chainalysis, Sub-Saharan Africa’s burgeoning crypto economy, driven by the need for alternative financial services and more accessible international markets, is positioning the region as a growing hub for innovation and financial…
The decline in Bitcoin and altcoins turned investors as well as markets upside down. At this point, some investors move away from the market after the losses they experienced, while some investors see this decline as a buying opportunity. While Bitcoin and altcoins recovered after the sharp decline, on-chain data tracking platform Nansen announced the most purchased cryptocurrencies by investors in the last 24 hours. According to Nansen data, whales increased their purchases of aEthWETH, DAI, SPEC and WBTC. Accordingly, DAI, aEthWETH, SPEC and WBTC were among the altcoins most purchased by whales. DAI is an Ethereum-based stablecoin whose issuance…
If Gary Gensler had adopted the right regulatory approach, he could have saved FTX and Three Arrows Capital (3AC) from downfalls, said billionaire Mark Cuban during a recent episode of the All-In Podcast. According to Cuban, the SEC Chairman favors enforcement actions over providing clear regulations, and he views this way of handling crypto regulations as an inefficient approach. “The point there is [that] he has an approach that is regulation through litigation. He’s going to sue you first, ask questions later and hope that the result of that litigation becomes a rule that everybody else has to follow,” Cuban…
Base is an Ethereum layer-2 blockchain that has grown in popularity thanks to its low fees, minimal congestion, and the security guarantees it inherits from EVM. The blockchain has become a compelling option for those who want to create and launch their own tokens in 2024. This guide demonstrates step-by-step how to create a token on the Base blockchain without any programming skills. Here’s what to know. In this guide: How to create a token on Base: Step-by-step Launching your token: Creating a liquidity pool Understanding the basics of Base tokens Why create a token on the Base blockchain? What…
The Base blockchain, an Ethereum-based layer-2 solution, has been widely used in decentralized finance (DeFi), where the TVL was estimated to be $2.17 billion as of October 3, 2024. TVL stands for total value locked, which measures the number of assets that investors deposit into decentralized projects and reflects the community’s confidence in the given project. TOP 10 #TVL ON #BASE $AERO $UNI $AAVE $EXTRA $MORPHO $WELL $BIFI $OVN $OGN #Anzen pic.twitter.com/FpLVq3pXLL — PHOENIX – Crypto News & Analytics (@pnxgrp) October 3, 2024 Decentralized Exchanges (DEXs): AERO and UNI The top protocols on Base regarding TVL are AERO, which has…
OpenAI has successfully raised over $6.5 billion in a recent funding round, catapulting its valuation to $157 billion, Bloomberg reported Wednesday. The new valuation surpasses OpenAI’s previous valuation of $86 billion, making it one of the most valuable venture-backed private startups, alongside SpaceX and ByteDance. Led by Thrive Capital, with participation from other global investors, the round positions OpenAI as a top contender in the generative AI technology sector. The AI startup, well-known for developing advanced AI models, including the GPT series, previously raised approximately $13.5 billion across 11 funding rounds. The latest investment will be used to support its…
In a recent comment, Cardano founder Charles Hoskinson has defended the Cardano blockchain against criticism on social media. This was in response to an X user’s criticism of Cardano, referring to it as a “dirty protocol.” On Aug. 5, amid the crypto market crash, Hoskinson posted a tweet highlighting the market plunge. An X user reacted to the Cardano founder’s post by saying that “the current price of ADA is irrelevant. What I want is to install Node and other Cardano-related tools on Debian using a package manager” to which another commented that “Cardano was a dirty protocol.” This harsh…
Ripple has 14 days from October 3 to file a counter-appeal following the US Securities and Exchange Commission’s (SEC) decision to appeal the case. For context, the US SEC filed a notice of appeal on Wednesday, declaring its intentions to contest US District Judge Analisa Torres’s August 7 ruling. Notably, the filing didn’t specify exactly what the US top regulator was appealing from the judgment. The SEC Yet to Fill Form C With Appeal Court According to FOX Business journalist Eleanor Terrett, the aspect of the ruling that the SEC is appealing is not yet defined because it has not…
Axelar has officially launched the Mobius Development Stack (MDS), a platform designed to offer customizable, self-service interoperability across various blockchains, on its mainnet. Prominent layer 1 blockchains like Sui, Stellar, XRP Ledger as well as security providers EigenLayer and OpenZeppelin will adopt the MDS to build a truly open and connected web3 ecosystem. A renaissance awaits. Beyond the Cosmos.Beyond Ethereum.Beyond what you thought was possible in Web3. Everything connected.Imagine how great we could be.The stakes have never been higher.The promise has never been greater. Liquidity.Tokenization.Compute.Security.… pic.twitter.com/fv0HyUwt68 — Axelar Network (@axelar) October 3, 2024 As a platform for an omnichain world,…
China overnight joined in what’s now a near global monetary easing campaign by the major economies. Bitcoin took aim at rising past $65,000 for the first time since early August. A breakout above the $65,000 level is likely necessary to confirm a bull move, said one analyst. The price of bitcoin (BTC) took aim at more than a one-month high during U.S. afternoon trading hours on Tuesday as the tailwind of what’s shaping up to be a near global monetary easing cycle continued to push crypto markets higher. Bitcoin at press time was ahead nearly 2% over the past 24…