Author: NBTC
Tron’s new meme coin launchpad SunPump appears to have stolen the attention of degen traders from leading Solana platform Pump.fun, with the recently launched rival responsible for more new tokens over the last day. Pump.fun has dominated this year’s meme coin market with many of the biggest winners—such as Billy, Michi, and more—having launched via the protocol. At its peak, Pump.fun was being used to launch over 20,000 tokens a day, drawing over $2 million in revenue as a result. But these numbers have taken a hit since SunPump launched last week. And over the past 24 hours, SunPump has…
The data from Crypto mining data centers has found its utility in AI computing making them significant assets. There is a possibility that the AI agents will be capable of completing the cryptocurrency transactions themselves in the future. Thus, the concept of blockchain is a solution for authenticity in an artificial intelligence environment. The relation between AI and cryptocurrency is one of the most actively developing and promising ones for both fields. One of the significant features that have pushed this convergence is the establishment of data centers created to support the mining of crypto such as Bitcoin. Such facilities…
Bitcoin briefly tests $49k before rebounding to $51k amid a $270 billion crypto market selloff. Concerns over the US recession and Japan’s rate hike trigger market turmoil. FBI warns of rising crypto scams during increased market volatility. The cryptocurrency market has experienced a significant downturn today, shedding approximately $270 billion in value over 24 hours according to CoinGecko data. Leading this decline, Bitcoin plummeted by almost 20%, reaching $49,121, its lowest level since February at $53,091. Ether also suffered a substantial drop of 21%, falling to $2,300, erasing its gains for the year. Other cryptocurrencies like Binance’s BNB and Solana…
Bitcoin and the broader cryptocurrency market are set to rally in 2024 amid concerns that the US dollar is “on the verge of a complete collapse.” Rising uncertainty has seen Bitcoin’s price nearly double in the past 12 months, fueling speculation that Russia is preparing to embrace the cryptocurrency. Now, a new development in China could trigger an even bigger market shift. Economists suggest that China is on the verge of rolling out a massive $1.4 trillion stimulus package, which could revive its economy and spark a significant rise in Bitcoin and crypto prices. HSBC’s chief Asia economist Fred Neumann…
Cardano (ADA), the native cryptocurrency of the eponymous proof-of-stake network, has managed to return to the top 10. Over the past 24 hours, ADA has surged by more than 5%, which made it possible for the cryptocurrency to surpass Tron (TRX) by market capitalization. As reported by U.Today, Cardano’s much-awaited Chang hard fork is expected to be launched on Aug. 27 after months of anticipation. In late July, the network network finally became ready for the upgrade with the release of Node 9.1, the latest version of the validator node. It took a few weeks for at least 70% of…
Some of the factors that influence the blockchain gas fees include network demand, transaction priority, and complexity. New protocol implementations (forks) and tokens’ standardization directly affect fees and network load. The problem of the optimal setting of fees in the blockchain network has resulted in the conflict between the accessibility of a network and its stability. The price of gas which is the transaction fee in the blockchain network has recently emerged as one of the hot topics of discussion in the cryptocurrency world. These fees that vary depending on one factor or another are essential in defining the effectiveness…
The price of Bitcoin (BTC) fell by almost 12% today, triggering massive liquidations worth over $1 billion. Explanations range from jump trading selling to an impending recession in the U.S. economy. Whatever the real reasons for such a collapse, the market is clearly being driven by extreme fear, uncertainty and doubt at the moment. What is certain, however, is the question of what’s next. To answer that question, Peter Brandt, a legendary trader who has been in the market since the 1970s, has issued a new Bitcoin price update. However, the outlook is based on a comparison between BTC and…
In a recent interview with Kitco News, Peter Schiff, the chairman of SchiffGold and founder of Euro Pacific Asset Management, made bold predictions about the future of the U.S. economy. Schiff argued that the Federal Reserve’s upcoming actions will lead to severe consequences for the U.S. dollar and global financial markets. He suggested that the Federal Reserve’s decision to cut interest rates would be a catastrophic error. According to Schiff, this move will allow inflation to run unchecked and expose the Fed’s inability to control the situation. Schiff contends that once the Fed cuts rates, inflation will spiral out of…
Charles Hoskinson, the CEO of Cardano research and development company Input Output Global (IOG), highlights the importance of consensus building within the network. The top crypto entrepreneur and developer characterized consensus building as Cardano’s hidden superpower and major competitive advantage. Hoskinson made this known during a fireside chat with IOG Chief of Staff J.J. Siler and Cardano Foundation CTO Giorgio Zinetti at the Rare Evo 2024 convention. The premier blockchain event happened in Las Vegas between August 15 and 17, 2024. Cardano’s Hidden Superpower and Competitive Advantage During the fireside chat, Hoskinson spoke on several issues, including identifying the factor…
Orderly Network has announced that it will wind down its NEAR instance on September 18. This decision is part of a strategic shift to focus more on EVM (Ethereum Virtual Machine) trading and to integrate new chains. It aims to maximize trading volumes in the decentralized finance (DeFi) sector. This was posted on the official X account of the company and said that it will enable the network to focus on critical areas for the future growth of the business. ‼️ Important update:Orderly Network is winding down its NEAR instance on September 18 in order to prioritize EVM trading, as…