Author: NBTC

Although Bitcoin (BTC) on-chain health remains net positive, from a price perspective two crucial support levels must be maintained for a continued bullish uptrend, notes ARK Invest in its latest monthly report. Bitcoin’s Healthy On-Chain Metrics, What Does It Mean? In its report, ARK Invest posits that Bitcoin requires some upside if its market structure is to be maintained. The report notes that in August 2024, BTC’s price slid by 8.7% to $58,972. The leading digital asset was also unable to overcome its 200-day moving average, making two key support areas at $52,000 and $46,000 critical for its bullish momentum.…

Revolut is considering launching its own stablecoin as part of its growing crypto product suite, according to a Bloomberg report. The fintech giant is reportedly evaluating its options to release a stablecoin, but has yet to make a final decision on whether to proceed. There had also been rumors that Robinhood might release a stablecoin, but a spokesperson for the company clarified that there are “no imminent plans” for such a launch. Meanwhile, Revolut has neither confirmed nor denied its own plans to issue a stablecoin. While Robinhood has ruled out any immediate action in this space, Revolut remains non-committal.…

Cryptocurrencies are built on blockchain networks. Much like a house is built starting with a solid foundation, a crypto network begins with its layer-1 blockchain. This is the bedrock of the entire system, handling processes like security, transaction processing, and much more. This article will explain exactly what we mean by layer-1 in terms of cryptocurrency and blockchain technology, from the definition of L1 blockchain to real-world use cases and examples. Table of Contents What is blockchain? What is layer-1 blockchain? Key characteristics of layer-1 blockchain List of layer-1 blockchains The future of layer-1 blockchains FAQs What is blockchain? A…

Inflows into US spot Bitcoin exchange-traded funds surged on Friday, with net buying topping $263 million, the largest single-day inflow since July 22. The strong performance returned on a day that saw Bitcoin jump above $60,000, registering a 12% increase in a week, per TradingView. According to data from Farside Investors, investors poured around $102 million into Fidelity’s Bitcoin (FBTC), bringing the fund’s weekly gains to approximately $218 million. Source: Farside Investors FBTC made a strong comeback and led the group this week after suffering two consecutive weeks of negative performance. During the stretch, around $467 million was drained from…

On Thursday, the Telegram-based tap-to-earn game Hamster Kombat conducted its long-awaited airdrop, showering its users in HMSTR tokens. But whether players will continue tapping after that is an open question, with some users vocalizing disappointment online with their reward for months of touchscreen tapping. Out of the 300 million users who have played Hamster Kombat since late March, Hamster Kombat said that 131 million players qualified for the distribution—with another 2.3 million users cut for apparent cheating. In total, 60 billion HMSTR was earmarked for so-called CEOs who managed their own crypto exchanges in-game. Under Hamster Kombat’s trading announcement post…

London – Metacade, the ultimate hub for playing, building, and earning on-chain, is thrilled to announce the launch of Metacade Tournaments on Coinbase Wallet. This exciting integration connects Metacade to a staggering 73 million verified Coinbase Wallet users, providing effortless access to tournaments, games, and rewards.—Now accessible on mobile, desktop, and even through Telegram, Metacade Tournaments empower players to dive into the action from anywhere. The launch also introduces an exciting array of over 10 new games to Metacade’s expanding library, including titles like Atlantic Sky Hunter, Bird Bump, and Fruit Frenzy.Russell Bennett, CEO of Metacade, expressed enthusiasm for the…

Web3Shield joins Chainlink’s Build program to enhance its onchain insurance solutions and accelerate ecosystem growth. Its integration with Chainlink Cross-Chain Interoperability Protocol ensures safe cross-chain transfer and multi-chain capabilities. Web3Shield, a leading insurance, privacy, and security protocol suite, recently announced its participation in the Chainlink Build program. This initiative seeks to spur the uptake of onchain insurance while capitalizing on the services offered by Chainlink’s oracle. With the integration of Build, Web3Shield expands its ecosystem through technical integration and cross-chain capabilities while increasing security and accessibility in the web3 sector. The Chainlink Build program helps early-stage startups and already existing…

Bitcoin (BTC) reclaims the $60,000 price mark igniting bullish sentiment. Analysts share their predictions for a bullish Q4 led by BTC. Two popular and reputed long-term traders share their expectations for BTC. Bitcoin (BTC) has finally broken past the $60,000 igniting strong bullish sentiments in the crypto space. As traders look to seasoned traders for guidance on what will happen next for BTC price and what they should do, these seasoned traders continue to share chart predictions based on historical action. No $40,000 Dip for Bitcoin in September? This is a Bitcoin Halving year and every Bitcoin Halving year the…

Some eagle-eyed members of the XRP community recently spotted a bewildering transaction on the XRP Ledger. The transaction shows that 5.911292 XRP is worth 5,911 Ripple USD (RLUSD) tokens. This suggests that the price of XRP stands at $1,000 given that the value of XRP is pegged to the US dollar. XRPL validator Vet has taken to social media to bring some clarity to the table. “RLUSD will not put XRP at a $1000, folks,” Vet wrote in an X social media post. He explained that this was simply an offer on the XRP Ledger’s decentralized exchange. On this DEX,…

Conduit G2’s 100 Mgas/s throughput empowers developers to create complex on-chain apps, including high-performance games and DEXs. With G2, applications like Pirate Nation and Gravity Chain can sustain thousands of users without performance issues. G2’s ability to maintain ultra-high throughput during traffic spikes marks a significant breakthrough in blockchain scalability. Blockchain development has introduced Conduit G2, a sequencer promising 10x better performance than existing models. G2, fully operational and compatible with OP Stack and Arbitrum Orbit, offers 100 Mgas/s throughput for rollup builders. This enhanced computational power addresses the longstanding scalability issues limiting on-chain apps, making it possible to run…