Author: NBTC
A crypto pundit calls for patience among Shiba Inu proponents, spotlighting the time it took Dogecoin to rise to significant success. Shiba Inu (SHIB) caught the attention of the broader crypto community following its meteoric surge in the 2021 bull run. Launched in August 2020 by Ryoshi, SHIB quickly skyrocketed to become the second-largest meme coin by market cap. In doing so, Shiba Inu surpassed the expectations of many, including Ethereum founder Vitalik Buterin. Shiba Inu Rich History Its astronomical rise, which transformed a $12 investment to $1 million in just over a year, has triggered optimism of a repeat.…
Theta Labs has signed a multi-year agreement with Seoul Women’s University to provide its AI research lab access to Theta EdgeCloud’s decentralized GPU computing power. As stated in a press release shared with crypto.news, the partnership will allow the AI to Everything lab at SWU to leverage Theta EdgeCloud’s decentralized network of GPUs, reducing costs and boosting computational power for their AI research across healthcare, bioinformatics, and finance. Built on top of the Theta Network (THETA), Theta EdgeCloud is a DePIN-powered hybrid cloud-edge computing platform. It utilizes over 30,000 distributed nodes to offer scalable, cost-effective GPU computing resources for AI,…
Bitcoin has been on the rise as the Bank of Japan announced that it will not raise interest rates anytime soon and global markets are recovering. While the BTC price rose above $62,000 this morning, leaving the bears in the lurch, Matrixport analysts said that Bitcoin could rise with the US inflation data to be announced next week. Matrixport analysts said in their latest report that they expect Bitcoin and the market to react positively if the US inflation data falls below 3%. “A relief rally may be imminent as Bitcoin awaits US inflation data next week. Bitcoin is currently…
In the past 15 days, the stablecoin economy experienced modest yet steady expansion, adding $1.08 billion to its overall value. During this time, tether’s market capitalization increased by 790 million. Modest $1.08B Growth in Stablecoin Market Since Aug. 23 Growth in the stablecoin economy has slowed, though it continues to expand, as highlighted by recent statistics. From Aug. 23, 2024, to Sept. 7, 2024, the stablecoin market grew from $169.72 billion to $170.80 billion, a gain of $1.08 billion. On Saturday, the stablecoin economy dominated trade volume, contributing $80.16 billion of the $114.2 billion traded in the last 24 hours.…
The crypto market is undergoing a major bearish retreat as Bitcoin (BTC) has forced other assets to a new low, including Dogecoin (DOGE), per CoinMarketCap data. While the price of Dogecoin took the bearish bait, other important metrics have stayed elevated. Dogecoin price sends bullish signal with volume boost At the time of writing, the price of Dogecoin had added a new zero and was changing hands for $0.09925, down by 6.25% in 24 hours. Rather than focus on this price outlook to redefine the next pace, investors have chosen a more bullish path for DOGE. The trading volume has…
Sonic SVM has built its own framework, HyperGrid, which can be used to spin up new networks called “grids” that ultimately settle to the Solana blockchain. The sale is scheduled for the week of Sept. 16 and will include 50,000 “HyperFuse nodes” in 20 pricing tiers. The nodes come with token rewards and allow holders to monitor the network state. “While not officially confirmed, there are possible future airdrops for node operators,” according to a press release. Sonic SVM, a project to scale the Solana blockchain to gaming-quality speed and throughput, plans to sell as much as $12.8 million worth…
Upton Finance announced that it had established a strategic alliance with CryptoPia, a public chain 3.0 that aims to improve idle DeFi assets and revolutionize the GameFi sphere. This alliance is a progressive step toward promoting high-yielding financial services to Telegram users from the two platforms. 🥳 We’re excited to announce our partnership with @Cryptopia_world!📢Join us: https://t.co/WnQ0lvnVE5https://t.co/O0pvAqminS🔥@Cryptopia_world is a Web3 public chain that reorganizes #DeFi idle assets and reshapes #GameFi, enabling cross-chain participation with multi-chain… pic.twitter.com/cVNtIjK9sc — Upton Finance (@upton_fi) September 7, 2024 CryptoPia World: Redefining DeFi and GameFi Due to the association, Upton Finance, which is one of the…
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…