Author: NBTC

Did you know, the Founder of Shiba Inu, with a pseudonym Ryoshi, had planned a stable coin in the Shiba ecosystem? The marketing lead of Shib shared exciting details about this stable coin in her recent X (formerly Twitter) post. The stable coin was introduced by the founder in 2021 and named it SHI. It is a significant development for the Shibarium network. Although the stable coin is still in the development stage, it excited the community. Let’s discuss the features and importance of SHI, as shared by Lucie. The SHI Stablecoin: A Key Development for Stability and Utility in…

FractureLabs, the developer of the online game “Decimated,” has filed a lawsuit against Jump Trading. accusing the firm of market manipulation, Bloomberg News reported on Oct. 16. The complaint alleges that Jump engaged in a “pump and dump” scheme with the game’s native token, DIO, which is traded on crypto markets. Allegations According to the filing, FractureLabs planned to raise funds through an initial offering of DIO on HTX — formerly Huobi — and hired Jump as a market maker in 2021. As part of their agreement, FractureLabs loaned 10 million DIO tokens to Jump’s subsidiary and sent 6 million…

The parachain ecosystem of Polkadot was quite vibrant and growing, especially in September 2024. Leading the charge are three giants: NeuroWebAI, Phala Network, and Mythos: This demonstrates how decentralized solutions can be diverse and reliable. Other parachains are also innovating others with different characteristics, and, thus, increasing the total worth of Polkadot. 🔥 September’s top Polkadot parachains are heating up!🥇 @NeuroWebAI, @PhalaNetwork and @EnterTheMythos are leading the pack in on-chain activity. What’s driving their success?🔎 Discover the trends in this exclusive infographic.#Polkadot #DOT pic.twitter.com/FFVwRUxqnv — Polkadot Insider (@PolkadotInsider) October 19, 2024 NeuroWebAI: Leading the AI Revolution (126M+ Events) NeuroWebAI leads…

Traditional assets, including gold and the S&P 500, have reached new all-time highs. In contrast, Bitcoin (BTC) has decoupled and continued its underwhelming performance, which has lasted almost six months. As a result, investors are questioning whether cryptocurrency still serves as a hedge against inflation compared to traditional assets. This on-chain analysis explores in detail whether BTC will continue to lag behind or if its status as a safe haven remains intact. Bitcoin Falls Behind Gold, Others Bitcoin’s price is $58,166, down 21% from its all-time high in March. Gold, on the other hand, has recently reached a new all-time…

Moo Deng, a baby pygmy hippo, has become an internet sensation, leading to the creation of a Solana-based memecoin that has surpassed a $100 million market cap. One trader notably turned $1,331 into $3.4 million by investing in the Moo Deng memecoin. Her appeal has transcended individual internet users to encompass corporations including Dreamworks and UFC, which are creating memes based on the hippo. Moo Deng, a newborn Thai hippo at the Khao Kheow Open Zoo in Bangkok, has captured the hearts of many online through her cute antics. Now, she’s the star of a $100 million memecoin. The Solana…

According to filings with the United States Federal Election Commission, Marc Andreessen and Ben Horowitz each donated $2.5 million to a pro-Trump super PAC called Right For America. Their support for Trump is based on his policies being seen as beneficial to the crypto industry and startups, which they call the “little tech agenda,” according to a Bloomberg report on Oct. 16. Andreessen also gave an additional $844,600 — the federal limit for donations — to Trump’s campaign and the Republican Party. Donations Rolling In Earlier this month, Horowitz made a surprising announcement that he would also be making a…

After the Bitcoin halving took place in April, major Bitcoin miners have increasingly started choosing one of two strategies — either hodl the BTC they mine or gear up with artificial intelligence (AI). The BTC halving slashes the earings of miners by half every four years — a deflationary mechanism that also helps maintain the hard cap of 21 million Bitcoin. Public miners like MARA Holdings, Riot Platforms, and CleanSpark are holding the BTC they mine in the hope that its value will increase over time. Wolfie Zhao, an analyst at research firm TheMinerMag, told Bloomberg: “By avoiding the immediate…

Vanar, the fastest and carbon-free Layer 1 blockchain, has joined hands with the Pakistan Blockchain Institute (PBI). This partnership is intended to advance AI and Internet of Things (IoT) technologies thus boosting the transformative effects in multiple sectors throughout the globe. Vanar disclosed this groundbreaking partnership through its social media platform, X. Vanar and PBI are all set to drive artificial intelligence (AI) and Internet of Things (IoT) innovation in Pakistan. 📢 NEW ADOPTION ALERT 📢Vanar has officially partnered with the Pakistan Blockchain Institute (PBI)! 🚀Together, we’re pushing the boundaries of AI and IoT innovation to transform industries worldwide. 🌐…

Exchange-traded funds have bucked the trend with higher-than-average volumes in August — yet Bitcoin ETFs suffered extensive outflows towards the end of the month. New figures show that there was an insatiable appetite for exchange-traded funds in August — despite the summer being a traditionally sleepy month in the financial world. According to BlackRock, net inflows rocketed to $129.7 billion last month, meaning the bustling sector is well on track to exceed the annual record of $1.3 trillion set back in 2021. The launch of Bitcoin ETFs back in January has been something of a success story, with the latest…

Russia, which has approved the use of Bitcoin (BTC) and cryptocurrencies in international payments, continues its work in this field. While the stage of the studies is being wondered, the Governor of the Central Bank of Russia, Elvira Nabiullina, made important statements at the Finopolis 2024 Economic Forum she attended. He Pointed to the End of 2024 for the First Cryptocurrency Transaction! The Central Bank governor stated that under experimental legal regulation, the use of cryptocurrencies in international payments is in the testing phase and the first transactions will take place by the end of 2024. Stating that the testing…