Author: NBTC

According to a recent report released by analytics platform Santiment, meme Shiba Inu (SHIB) is currently experiencing “tremendous” levels of fear, uncertainty and doubt (FUD). This is based on the fact that the percentage of supply held by wallets with less than one billion tokens (roughly $13,000 at press time) is at its lowest level since November 2022. Large SHIB whales control the vast majority of holdings, which indicates a high level of centralization. SHIB is also suffering from rapidly declining social media interest. The Dogecoin rival has attracted very few social media discussions over the past month. This makes…

ANJ, the gambling regulator in France may put a ban on Polymarket soon. The betting website has become particularly popular due to the US elections. Polymarket has been the center of discussion among various regulatory agencies across the world. It allows users to bet on outcomes related to almost anything, such as sports results, prices of assets, geopolitical events like wars, and of course, election results. Over $3.2 billion in bets were wagered on the US elections, and on 5th November alone, the website recorded a $294 million volume. However, according to a recent report published in The Big Whale,…

On November 7, Chainbase, a notable blockchain data network, revealed a major partnership with Google Gemini, aimed at enriching its Chainbase Manuscript platform. This collaboration focuses on elevating data interaction and analysis capabilities, providing users with a more intuitive interface for on-chain data applications. The integration will allow users to perform intricate data queries using natural language, streamlining access and enhancing analytical processes. Contents hide 1 How Will This Partnership Improve Data Interaction? 2 What Benefits Does This Offer Users? How Will This Partnership Improve Data Interaction? The collaboration with Google Gemini is set to significantly enhance the analytical features…

Lookonchain, a blockchain surveillance resource, has identified an event that suggests Bitcoin might be on its way to a new all-time high. The on-chain intelligence platform disclosed this in a recent commentary amid Bitcoin’s ongoing recovery push. For context, BTC staged an impressive breakout over the past weekend, partly fueled by increasing demand as the U.S. presidential election looms. Bitcoin Recovers to End October Bullish Amid the uptrend, Bitcoin recorded four consecutive intraday gains from Oct. 26 to 29, soaring by 8.97% within this period. Interestingly, the firstborn crypto asset came close to breaching its March 2024 all-time high on…

Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. The Solana validator world is an interesting tangled web right now. For starters, tips and fees on Solana transactions have declined along with the price of SOL from pretty stellar levels over the summer. As we covered last week, smaller validators are particularly hard-hit by this, especially since the Solana Foundation lowered its commission caps for validators receiving stake from its delegation program. For those smaller validators, and all Solana validators in general, the entire ballgame is drawing more…

The Tourism Authority of Thailand (TAT) and Freedom World, a Web3 community platform, are forging a new partnership to reshape travel with advanced technology, as reported to Finbold on Thursday, November 7. Built on Fuse Network’s (FUSE) blockchain, the partnership is expected to promote Thailand as a tech-oriented travel destination and provide an example of government-endorsed blockchain initiatives. Exploring Thailand with the Freedom World app Tourists in Thailand can join the “Discover Thailand” community within the Freedom World app to earn rewards, stay informed about relevant developments in the country, and connect with other travelers. App features such as direct…

Seasoned market analyst Ali Martinez has teased a possible bullish explosion in the Bitcoin price, citing historical performance after the last three US presidential elections. Bitcoin has turned the tides around following a slow start to Uptober. The asset dipped to $59,506 earlier in the month following rising geopolitical tensions in the Middle East. However, the crypto firstborn has shown resilience, surging 17.7% from the recent low to its current price. It even pushed near its all-time high of around $73,700 on Tuesday but failed to break through the resistance. Notably, a few factors have spurred Bitcoin’s recent resurgence, including…

Grayscale has announced that its recently launched Sui Trust is now open to qualified investors. The digital assets manager said in an announcement on Sept. 11 that the Sui (SUI) trust was accessible to eligible accredited investors. Grayscale launched the Sui Trust alongside the Bittensor (TAO) Trust in August, noting that the two funds add to its range of products offering qualified investors exposure to various cryptocurrencies. Grayscale Sui Trust is open to eligible accredited investors seeking exposure to $SUI, a third-generation blockchain designed to help address scalability and transaction costs.Click below to learn more about Grayscale Sui Trust or…

At Kenya’s Taxpayers’ Day celebration on November 1, the government revealed that the country collected $77.5 million in crypto tax over the last year. The Kenya Revenue Authority (KRA) obtained KES 10 billion from 384 crypto traders in the fiscal year 2023-2024. KRA Chairman Anthony Mwaura highlighted the Kenyan crypto market’s first-ever contribution to national tax revenue. At a gathering at State House, Nairobi, Mwaura said the KRA plans to collect $465 million in taxes from the crypto sector alone. Over the next five years, the authority aims to accumulate $15.88 billion in tax revenue, with the crypto sector expected…

Magic Labs, a wallet infrastructure provider, shared Thursday that it has integrated with Polygon’s AggLayer to provide a network dedicated to chain unification, called Newton. Newton will allow for wallet solutions to plug into the AggLayer, which is a Polygon-backed effort to connect affiliated chains and allow tokens to freely move between them. Magic Labs claims its the first dedicated network for wallet solutions and chain unification. Newton, which is still in a private testnet, is supposed to enable liquidity sharing across multiple blockchains plugged into the AggLayer. The AggLayer is one of Polygon’s latest innovations, aimed at unifying liquidity…