Author: NBTC

Bitcoin drops to $58,774 with a 4.10% decrease in 24 hours. Trading volume rises by 87.12% suggesting high investor activity. Technical analysis hints at a potential shift as the coin hovers near key support levels. BTC charges have seen a notable price reduction in the past 24 hours, falling to $58,774, which is representing a 4.10% drop. This decrease is also seen in market capitalization, which has reduced by 4.16% within the last 24 hours, approximating to $1.16 trillion. The outcomes place Bitcoin as the top cryptocurrency globally by market cap. Despite this diminution, trading volume has seen a trend…

Liquid staking protocol Jito and restaking platform Fragmetric have launched a new liquid restaking token on Solana dubbed fragSOL. The new token is the first liquid restaking token native to Solana (SOL) and based on Jito (JTO) restaking vault receipt token, Fragmetric claimed in a blog post published on Aug. 29. According to the platform, fragSOL is a liquid restaking token designed to address the issues of reward distribution and slashing in liquid staking tokens. This feature, available with the fragSOL token, is made possible by the unique capabilities of the Solana blockchain, the platform noted. What are liquid restaking…

There’s a growing pile of mobile games that pay small amounts of Bitcoin as you play—but the concept is not just limited to gaming. In fact, you can earn Bitcoin by listening to podcasts through the Fountain app, without any additional ads, hurdles, or hoops to jump through. It’s just awarded inconsistently, and not at all times. Like some of the games we’ve covered, including Bitcoin Miner and SpaceY, the Fountain app offers rewards through Bitcoin’s Lightning Network in a collaboration with payments firm Zebedee. And the app really is simple and straightforward to use. Fountain is a fully featured…

Decentralized AI learning platform FLock (no, that capital “L” is not a mistake) has teamed up with io.net to develop the world’s first Proof-of-AI (PoAI) consensus mechanism for validating the integrity of nodes operating on a distributed compute network. The release is set to advance the resource-efficiency of AI-powered computations for various use cases. FLock, io.net announce partnership, tease Proof-of-AI concept GPU management platform io.net and federated AI learning service FLock shared the details of their long-term strategic collaboration. The new initiative is expected to provide AI and Web3 segments with entirely new development and computation instruments. 1/ @ionet X…

Several notable token unlocks are scheduled for the end of August and the beginning of September, potentially impacting various cryptocurrency markets. According to PHOENIX, a crypto media outlet, one of the first major unlocks will involve Litentry ($LIT) on August 29, with 1.59 million tokens being released. This massive tokens unlock could lead to changes in the price and flow of $LIT, which indicates its rate of exchange on the market. MAJOR UPCOMING TOKEN UNLOCKS #Litentry $LIT #Portal $PORTAL #Worldcoin $WLD #BwareLabs $INFRA #EchelonPrime $PRIME #Optimism $OP #dYdX $DYDX #MixMob $MXM #HookedProtocol $HOOK pic.twitter.com/0MqedYrNDJ — PHOENIX – Crypto News &…

While the leading cryptocurrency Bitcoin (BTC) started the new week with a decline due to critical data coming from the US, the reason for the decline may be institutional investors. Because according to the data, institutions stopped buying USDT from the Tether Treasury and depositing it into exchanges. On-chain data monitoring platform Lookonchain said that institutional investors stopped buying USDT from the Tether Treasury and depositing them on cryptocurrency exchanges two days ago. Institutions seem to have temporarily stopped buying, and the price of $BTC dropped 4.5% today! We noticed that institutions stopped receiving $USDT from #TetherTreasury and transferring it…

The Australian tax office has given a shoutout to XRP in a recent government paper. This mention is proof of XRP’s recognition, which is a bullish development for the coin. The Australian government recently mentioned XRP, the cryptocurrency associated with Ripple Labs Inc., as a case study on its official website. The government’s mention of XRP highlighted crypto transactions in the Australian Taxation Office (ATO) section. XRP’s Mention by the Australian Government As crypto analyst Cypress Demanincor noted in an X post, the ATO’s reference to XRP was within the context of using a gift card value in crypto assets…

Binance has announced the launch of several new trading pairs on its platform and the introduction of advanced trading bot services. Binance Expands Trading Options with New Pairs and Trading Bots Starting September 4, 2024 at 11:00 UTC, users will be able to trade the newly added pairs: AAVE/USDC, STMX/TRY, SUN/TRY, and TRX/USDC on Binance Spot. To enhance the trading experience, Binance also offers Trading Bots services for several pairs at the same time. Users can now use Spot Grid, Spot DCA (Dollar-Cost Averaging), and Rebalancing Bots for trading pairs such as DOGS/USDT, RENDER/USDT, REZ/USDT, ZK/USDT, and ZRO/USDT. Additionally, Spot…

Crypto analyst CryptoCon has highlighted a technical indicator that has always accurately predicted each local high for Bitcoin in this bull run. Once again, this indicator has revealed the next local high for Bitcoin and when it will happen. When Bitcoin Will Reach A Local High Of $109,000 CryptoCon predicted in an X (formerly Twitter) post that the Bitcoin Fibonacci extension is set to push the flagship crypto over $100,000 as it rises to $109,236, a move which the analyst added could happen by year-end. He suggested that Bitcoin reaching $109,000 by December 2024 will only likely happen if the…

Hedera Network, a leading proof-of-stake network, reportedly surpasses 60B mainnet transactions till now. Upon this milestone, Hedera thanked its community of developers, enterprises, and users for laying faith in the Hedera Network. Hedera Network shared this momentous achievement on its official X account, shared details and appreciated the Hedera community. The #Hedera network has officially processed over 60 billion mainnet transactions since its launch.As always, a huge thank you to our incredible, ever-growing community of enterprises, developers, and users who have made this momentous achievement into a reality. #HelloFuture pic.twitter.com/BCOQac5fnc — Hedera (@hedera) August 29, 2024 Hedera Solidifies its Position…