Author: NBTC

Central bank digital currencies (CBDCs) are a hot topic right now. However, many people are still unconvinced about their value, and some do not understand what benefits they will bring to the economy. Certainly, the adoption of CBDCs will herald a new way of working with and using money online for everyone. But how will it work? A CBDC is a digital currency issued by a country’s central bank. The central bank can manage the back-end infrastructure for the CBDC, while financial institutions can offer wallets and other customer services to end users. The central bank holds information about funds…

Andrew Tate’s Daddy Tate (DADDY) meme coin plummeted to an all-time low of approximately $0.048 on Monday. However, it has rebounded impressively, surging over 70% within just two days. Despite the rebound, the DADDY meme coin still remains around 70% down from its June all-time highs. DADDY Meme Coin Attempts Recovery Currently, DADDY is striving to maintain its value above the Fibonacci retracement level of 0.236, which is about $0.073. This critical level is calculated from a high of $0.288 down to the recent low. The coin now exhibits signs of beginning a strong uptrend by marking higher highs. Yet,…

World Mobile Token has integrated Chainlink’s CCIP to enable secure cross-chain token exchanges and staking. The integration boosts security and allows users to stake on one blockchain and receive rewards on another. World Mobile Token has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enhance cross-chain token exchanges and staking. This integration allows interoperability with numerous blockchains, such as Ethereum, BNB Chain, Base, and Arbitrum, making transactions seamless across the platforms. This collaboration enables World Mobile to provide safe and convenient cross-chain services by relying on the robust security of CCIP. Chainlink has officially confirmed the integration on the X account,…

A study by the crypto exchanges Upbit and Bithumb shows the growing influence of cryptocurrencies among young South Koreans. More than 180 South Koreans in their 20s have crypto assets worth over KRW 1 billion, or $750,000. As reported in the local Maeil Business Newspaper, nearly 3,759 individuals in South Korea have crypto accounts with a value of more than KRW 1 billion. Of these crypto billionaires, about 185 are investors aged between 20 and 29. Read also: South Korean Court Orders Defunct GDAC to Return $7.3M in WEMIX to Wemade CEO These young crypto investors collectively hold about 967.2…

Cat-themed token POPCAT and dog-themed WIF jumped 25%, while smaller tokens MUMU and CATDOG were up 30%. The surge in Solana-based tokens contrasted with declines in major memecoins on other blockchains. Memecoins on the Solana ecosystem surged more than 30% in the past 24 hours, leading gains in the crypto market, as the network’s underlying token SOL, recovered from losses from earlier in the week. Cat-themed popcat (POPCAT) and dog token dogwifhat (WIF) surged as much as 25%, before slightly retreating, while smaller tokens MUMU and catdog (CATDOG) rose 30%, data show. Major memecoins on other blockchains, such as dogecoin…

Marlin has made a groundbreaking partnership with Hemera Protocol that seeks to revolutionize the decentralized AI industry. The two well-known blockchain platforms plan to establish a new and improved infrastructure for AI that is more secure, scalable, and privacy-oriented by integrating their key competencies: Marlin’s verifiable computing capabilities and Hemera’s groundbreaking semantic data indexing. Marlin is joining forces with @HemeraProtocol to enhance decentralized AI infrastructure. Combining Marlin’s verifiable computing with Hemera’s semantic data indexing paves the way for more robust and efficient AI applications. pic.twitter.com/2lVpogq0s8 — Marlin (@MarlinProtocol) October 3, 2024 Overview of Marlin and Hemera Protocol Marlin Protocol is…

The latest turn of events in the cryptocurrency world unfolded a few hours ago when an alarming withdrawal of 1,015 BTC, equivalent to about $64.47 million, happened from the Binance exchange. The exact credentials of the person behind this huge withdrawal are unknown. Someone created a new wallet and withdrew 1,015 $BTC($64.47M) from #Binance 1 hour ago.Address:12993NM9fV8dSSQgbWDZSBVgqtPw4DaAXS pic.twitter.com/PGwd3AbrmK — Lookonchain (@lookonchain) September 24, 2024 This significant transaction required the creation of a brand new wallet with the address 12993NM9fV8dSSQgbWDZSBVgqtPw4DaAXS, into which all the withdrawn BTC from Binance’s hot wallet (bc1qmn) was transferred. Lookonchain, a blockchain analytics company that tracks large…

Did a CryptoPunks NFT on Ethereum really sell for a record $56.3 million as the broader NFT market continues its long, slow decline? No. Here’s why. While it’s true that CryptoPunk 1563 was transacted this afternoon, and that 24,000 ETH—or $56.3 million worth at the time—was “paid” for the asset, there were both surface-level and behind-the-scenes red flags that quickly cast doubt on the legitimacy of the purchase. First off, this particular CryptoPunk was last purchased for about $69,000 worth of ETH in September. It doesn’t have any particularly rare attributes, which means it typically sells near the entry-level (or…

Credbull’s LiquidStone facility will offer fixed yield to investors from high quality liquid assets, collateralized on-chain lending and trade financing. The fund will be capped at $100 million at debut, and raised to $500 million in Q1 next year. Decentralized private credit platform Credbull is rolling out a new fixed yield credit facility LiquidStone, with a capacity of up to $500 million, exclusively on the real-world asset (RWA) focused blockchain Plume Network, the protocols announced on Thursday. In the first phase, the product debuts with a fixed 30-day 10% annualized yield with daily redemption features on assets and yield, with…

Solana users are flocking to the new cryptocurrency Ore on the Solana network. Thousands of transactions and SOL payments are accounting for Ore activities. Ore’s present value is around $450 which makes it more valuable than SOL at the moment. Solana users are spending more time and money on mining Ore tokens, a new and exciting cryptocurrency with a GameFi Proof-of-Work (PoW) design. These digital tokens have caught the attention of the Solana community towards a new opportunity to drive personal investments. Ore Mining Gains Immense Popularity At its peak, Ore mining activities account for up to 16% of all…