Author: NBTC
Tron founder Justin Sun forecasts that some of Tron’s stablecoin metrics could overtake Visa’s within a year and SWIFT’s within three years. This bold prediction comes as Tron is expected to generate $4 billion in revenue this year, making it the second-most profitable entity in the crypto industry after Tether. Justin Sun just said some of #Tron’s #stablecoin metrics will measure higher than #Visa in 1 year and higher than #SWIFT in 3 yearsTron is generating more fees than #Ethereum. They are projecting $4 billion of revenue this year. In terms of profit, they rank #2 in the #crypto… pic.twitter.com/KsLAmg6Mtp…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Traditional software-as-a-service-based multi-party computation custodians are often seen as the “convenient” solution in the crypto universe, managing a staggering portion of decentralized assets. But the reality is that the convenience quickly wears off, revealing a host of limitations, unexpected risks, and challenges as you dive deeper into the technological aspects of protecting digital currency. You might also like: How crypto can reach the next one billion users | Opinion Regardless of your decentralization versus centralization stance, it…
In a recent interview with Michelle Makori of Kitco News, renowned economist Dr. Arthur Laffer shared his thoughts on the future of the U.S. dollar, de-dollarization, global payment alternatives, and the current economic policies under the Biden administration. Arthur Laffer is an influential American economist best known for his development of the Laffer Curve, a concept that illustrates the relationship between tax rates and tax revenue. Born on 14 August 1940, Laffer earned his B.A. in Economics from Yale University and his MBA and Ph.D. in Economics from Stanford University. His career spans academia, government service, and private consulting, with…
Cardano, launched in 2017 by Ethereum co-founder Charles Hoskinson, is pushing toward its biggest upgrade in two years, with major changes to the structure of its main network, introducing mechanisms to users to participate in on-chain governance. The upgrade, known as the “Chang hard fork,” is a major milestone in Cardano’s roadmap, punctuated by the much-awaited addition of smart-contracts functionality in 2021. The Chang hard fork was initially set to go through this week, but Hoskinson announced on Friday that it had been pushed back to Sept. 1 so some exchanges, including Binance, could prepare their systems. “The magic of…
The recently launched Gravity Alpha Mainnet by Galxe has recorded substantial growth in its total value locked (TVL) within a brief timeframe. Data from L2beat indicates that the TVL of this new Layer-1 Blockchain network surged by nearly 100% in the past week alone. Contents hide 1 What is Driving the TVL Surge? 2 Why is Gravity Alpha Mainnet Unique? 3 Key Takeaways for Users What is Driving the TVL Surge? In just a short period, the Gravity Alpha Mainnet has drawn considerable attention from the cryptocurrency community. According to L2beat, the network’s TVL climbed by an impressive 97.12%, exceeding…
BTC ended Thursday UTC with a nearly 12% gain, the biggest since Feb. 28, 2022, according to TradingView. Risk assets stabilized as upbeat weekly U.S. jobs data eased recession concerns. Observers cite $61,800 and $54,000 as key levels to watch out for in the near term. Bitcoin’s (BTC) price recovery from Monday’s rout has gathered pace and how. The cryptocurrency surged nearly 12% to $61,720 on Thursday alone, the biggest single-day UTC gain since Feb. 28, 2022, when prices rallied over 14%, according to charting platform TradingView. The total crypto market capitalization rose 11% to $2.11 trillion, the biggest jump…
Terraform Labs, the company behind the Terra ecosystem and the infamous $40 billion collapse of UST and LUNA, has unveiled a new Shuttle Bridge interface. This bridge will enable community members to redeem their wrapped assets. It will remain open for 30 days once the company’s Chapter 11 plan takes effect. According to an X (formerly Twitter) post, Terraform Labs’ Chapter 11 bankruptcy plan is estimated to start “on or around October 30, 2024,” if the plan is approved by the courts on September 30. However, there is a possibility that the plans might change. Reopening the bridge allows users…
Puffpaw, the blockchain-integrated vape pen that claims to “incentivize people to quit smoking and vaping” could in fact keep users hooked and even encourage non-smokers to pick up the habit. This is the opinion of a leading UK-based addiction treatment center. A so-called ‘vape-to-earn‘ project, Puffpaw uploads your ‘puffs’ to the Berachain blockchain and issues tokens when you reduce the amount you use it. However, according to UK Addiction Treatment Centres (UKAT), the product “is not going to help vapers to lower their usage. If anything, it could have the complete opposite effect because of the enticing gamification and crypto…
Bitcoin price showed significant activity in the past day. The cryptocurrency’s daily trading volume surged by 12% according to CMC data. The crypto market has shown a revival in the past few days after the August first weekend market crash. Notably, the overall market cap has increased by 6.50% while the daily trading volume exhibited slight declines. Leading cryptocurrency Bitcoin showed notable surges over the past day as the present positive momentum drove prices to the $60K level. According to CMC data, BTC prices increased by 5.59% over the last 24 hours. Additionally, the token surpassed $61K momentarily during the…
Nearly 200 million XRP have changed hands in the last 10 hours, equivalent to $110.12 million, reports Whale Alert. The mysterious action took place in two acts, as the first 100 million tokens left the wallet of “rP4X2” to “rhWt2.” The next act came 10 hours later, when another 94.33 million XRP, worth approximately $53.66 million, were sent from “rn8om” to “rnTxM.” What do all these addresses have in common? They belong to unknown entities, but whether the owners are connected remains a mystery, as the registration date for each address is significantly different. 🚨 🚨 🚨 94,325,384 #XRP (53,656,730…