Author: NBTC

Even people who know very little about bitcoin know that its price fluctuates wildly. The volatility started early. From April to June 2011, the price jumped 3000% from $0.80 to $26.35. By October, it was back down to $2.50, a 90% drop. While these are some of the highest short-term fluctuations, bitcoin remains volatile. From January to March of this year, the price nearly doubled, from $39,000 to $73,000. Today it sits at $64,318. Within 24-hour periods, bitcoin still occasionally rises or drops 10%. Some say that bitcoin’s volatility is a function of its youthfulness. As bitcoin persists, the story…

The DeFi ecosystem recorded a roughly 10% increase in total value locked across all major networks during September, with the total up $12 billion to $133 billion. According to DefiLlama data, decentralized exchanges (DEX) and liquid staking protocols were the largest contributors to the increase in TVL. Out of the 10 major blockchains by TVL, Solana, Base, Sui, and Aptos showed the largest percentage widening at the end of the third quarter. Solana boosted by liquid staking Solana’s DeFi ecosystem’s TVL grew 17.9% last month, surpassing the $10 billion threshold on Sept. 25 after staying below this level for roughly…

Stellar’s daily transaction volume surged by 246.89%, highlighting significant market activity. Stellar’s network adoption is growing, with financial institutions turning to its blockchain for asset tokenization. In addition to the outstanding developments surrounding XRP Ripple, the cryptocurrency Stellar (XLM) is performing admirably. At the time of writing, XLM is trading around $0.1019, up 9.31% over the last 24 hours. Its daily transaction volume increased by 246.89% to $279.36 million, making it the 26th largest cryptocurrency with a market cap of $2.99 billion. As XRP surged and headed today’s top gainer list, XLM joined the top five best-performing cryptocurrencies. Source: Javon…

Unioverse has announced a partnership with N-Fusion, a renowned video game development studio. This collaboration aims to boost game creation within the Unioverse ecosystem, offering players an expanded and immersive Web3 gaming experience. Expanding Gaming Experiences This partnership aims to create new games that will broaden the Unioverse world. Players can anticipate innovative gaming experiences that leverage both the talent of N-Fusion and the capabilities of blockchain technology. The collaboration intends to enhance gameplay by incorporating blockchain features while maintaining high production values. The Unioverse, developed by Random Games, serves as a community-driven platform for game developers, allowing them to…

Marathon Digital Holdings, one of the largest Bitcoin mining companies, reported a 5% increase in Bitcoin production for September 2024. The company mined 705 Bitcoin (BTC), raising its total holdings to 26,842 BTC, according to company postings. Marathon also reported winning 207 blocks in September, a 6% increase from the previous month. The company did not sell any Bitcoin during the month, continuing its strategy of holding onto mined Bitcoin. Bitcoin mining is the process where powerful computers, known as miners, solve complex mathematical problems to verify transactions on the Bitcoin network. Miners are rewarded in Bitcoin for their efforts.…

World Mobile has officially launched its blockchain infrastructure on Base, marking a milestone in its quest to build a global Decentralized Physical Infrastructure Network (DePIN). This launch connects World Mobile’s Layer 3 blockchain, World Mobile Chain (WMC), with Base’s Ethereum-based Layer 2 blockchain, accelerating the expansion of its wireless web3 ecosystem. 🤝 We’re excited to announce that World Mobile has officially launched on @base, marking a major milestone in our mission to build the most extensive global DePIN network!👥 By connecting World Mobile Chain with Base, we’re accelerating the expansion of World Mobile’s global… pic.twitter.com/NQexrDe4ce — World Mobile (@WorldMobileTeam) September…

BiLira Kripto, one of Turkey’s largest crypto exchanges, recently integrated Ondo Finance’s USDY into its ecosystem. This integration aims to enhance the yield of tokenized US investments in Turkey. https://t.co/U13I0I17i7 — Ondo Finance (@OndoFinance) October 2, 2024 BiLira has established itself as a major blockchain company driven by value in Turkey, providing various unique products. These include BiLira Kripto, an exchange that offers the best pricing and early access to the assets that are in the highest demand all over the world; BiLira TRYB, a stablecoin that is pegged to the Turkish Lira; and BiLira Direct, an on-ramp solution that…

Cryptocurrency tracker Whale Alert, which monitors large crypto transactions and shares their details on its website and on the X platform, has detected three major transfers, which moved a massive amount of XRP each. The transferring of almost $60 million worth of XRP took place after San Francisco-based Ripple blockchain juggernaut announced its final victory over the U.S. Securities and Exchange Commission in court. This development has got XRP whales to show more activity as they purchased millions of coins on top cryptocurrency exchanges. 101 million XRP change hands Whale Alert mentioned above spreads the word about whales shoveling three…

Lamborghini unveiled the Fast ForWorld platform, developed in partnership with Animoca Brands, featuring interoperable digital supercars for web3 gaming. Italian sports car manufacturer Lamborghini, alongside NFT investor Animoca Brands is launching a web3 venture featuring interoperable digital supercars for gaming, marking Lamborghini’s first blockchain-based initiative. In an Oct. 2 blog announcement, Animoca said the so-called Fast ForWorld platform will allow users to “experiment, play, interact, and collect digital collectibles while being rewarded for their engagement.” Set to launch on Nov. 7, Fast ForWorld will introduce digital car collectibles that can be bought, sold, and used in other games, which are…

Richmond Fed President Thomas Barkin said it is important to closely monitor economic developments and inflation to determine the pace and size of future rate cuts. Barkin Predicts Another 50 Basis Point Rate Cut for Rest of Year Barkin also touched on recent labor movements and geopolitical conflicts, and expressed the potential for these to increase inflation risks. Barkin acknowledged the possibility of a “low hiring, low layoff” labor market, but noted that if demand picks up, there could be a corresponding increase in labor demand. The Fed is weighing whether demand risks will outweigh supply concerns, particularly focusing on…