Author: NBTC

The Open Network (TON) blockchain is experiencing a surge in popularity and value, driven by the upcoming token generation event (TGE) for Hamster Kombat, a viral play-to-earn game on the Telegram platform. The game’s success and the anticipated token launch have spurred increased activity on the TON network, suggesting a growing interest in its potential. Hamster Kombat’s TGE will see the technical generation of the HMSTR token. As per the game’s official website, the token’s in-game utility will also be revealed in July, and the project will continue to undergo significant upgrades. It is important to note that Hamster Kombat…

Secured digital asset license in El Salvador in 2023, enabling expanded operations across multiple countries including Mexico. Invested $3 million in Mexican expansion, with plans to integrate the digital Mexican peso to boost crypto adoption. Salvadoran FinTech company DitoBanx has announced its expansion into Mexico, aiming to promote the adoption of Bitcoin and enhance financial services. The company, which secured its digital asset license in El Salvador in April 2023, has quickly extended its operations to Guatemala, the United States, Costa Rica, Panama, and now Mexico in 2024. In Mexico, DitoBanx plans to offer a variety of services including international…

Buenos Aires selected as regional hub for zkSync, boosting local projects like Quark ID and Lemon Cash. President Nana Murugesan of Matter Labs discusses collaboration potential with local cryptocurrency leaders in August. Matter Labs, developer of the Ethereum Layer 2 scaling solution zkSync, has announced its expansion into Latin America with a new regional office in Buenos Aires, Argentina. This initiative aims to support local projects and enhance financial systems in the region. Aleph, a temporary pop-up city in Buenos Aires, began last week by bringing together 800 builders to envision a crypto-powered city. Aleph’s crypto rails are built on…

Just minutes ago, the notorious Mt. Gox exchange moved a massive 13,265 Bitcoins. This stash is worth $784 million. Out of this, 12,000 BTC were directed to a new address, while the remaining 1,265 BTC found their way to a cold wallet associated with Mt. Gox. What’s interesting is that none of these coins have moved since. It seems like they’re just sitting there, waiting for the next move. The Mt. Gox address still holds 46,164 BTC, which adds up to about $2.73 billion. In July, the exchange started paying back its creditors as part of a legal rehabilitation plan.…

Balanced is now live on Injective, enabling seamless cross-chain swaps and borrowing of bnUSD stablecoin. Balanced supports cross-chain transactions across eight blockchains, with six more expected by 2024. Balanced has officially launched on the Injective blockchain, marking an important milestone in the decentralized finance (DeFi) industry. This invention allows users to seamlessly swap and move cryptocurrencies across seven distinct blockchains, as well as borrow a cross-chain stablecoin by depositing INJ tokens as security. The integration is intended to improve the user experience by making the platform more accessible and easy to explore. Balanced is live on @injective. You can use…

Jerome Powell is seen prepping markets for a 25 basis point rate cut at the Fed’s September meeting The Fed chair is also anticipated to signal a cautious approach to cutting rates further Traditional markets have been in rally mode, but bitcoin continues to struggle More than two and one-half years after starting what became an historic monetary tightening cycle, U.S. Federal Reserve Chairman Jerome Powell is widely anticipated to signal that the central bank will imminently begin to ease policy. Powell’s keynote speech at the Kansas City Fed’s Jackson Hole Economic Symposium is scheduled for Friday at 10 am…

The price of $WIF has dropped by more than 15% as the market is experiencing a decline. According to Lookonchain, a large holder has deposited 900,000 $WIF to the Bybit exchange today. The worth of these tokens is $1.64 million. This deposit has left the whale with 974,000 $WIF which is valued at approximately $1.76 million. The price of $WIF dropped 15% as the market fell.A whale deposited 900K $WIF($1.64M) to #Bybit 10 hours ago, leaving 974K $WIF($1.76M).https://t.co/qJwlxcWy15 pic.twitter.com/amIkvwKfNG — Lookonchain (@lookonchain) July 4, 2024 Large $WIF Transfer to Bybit Sparks Selling Pressure Concerns Such a large volume of $WIF…

The development of omni-chain infrastructure could significantly impact the Ethereum ecosystem, potentially altering the dynamics of competition among rollups and reshaping the future of decentralized finance, according to Iris Cheung, co-founder of Orbiter Finance. In an interview with Decrypt, Cheung highlighted the challenges faced by Ethereum’s current rollup-centric scaling approach in creating a unified user experience, and said the variety of rollup types and protocols adds complexity for users. This makes it more difficult to understand than using a single layer-1 system. “Consider rollups as highway lanes,” she said. “If the Arbitrum lane is congested, you cannot simply switch lanes;…

PlanB, the pseudonymous creator of the Bitcoin (BTC) stock-to-flow model, shared a chart on X, suggesting that the asset’s price could increase fourfold from current levels. Bitcoin currently trades at $60,676, following a 4% increase in the last 24 hours. But will BTC’s price reach $240,000by the end of the bull market? Bitcoin Eyes a Repeat of 2017 and 2021 PlanB recently posted on X, highlighting how Bitcoin’s price has historically increased fourfold whenever it crossed above the 200-week Moving Average (MA). The 200 MA is a widely-used technical analysis tool that helps identify long-term trends for cryptocurrencies. This indicator…

Proposals aimed at overhauling AAVE’s tokenomics and protocol’s risk management have galvanized investor interest in the cryptocurrency, observers said. The so-called Umbrella proposal could ease sell-side pressures for AAVE in the market, said Katie Talati, head of research at Arca. AAVE, the native token of the decentralized crypto lending platform Aave, has rallied over 45% to $135 in four weeks, outperforming every other top 100 cryptocurrencies by market value, including market leaders bitcoin (BTC) and ether (ETH). Such has been the investor bias for AAVE that Helium’s HNT is at a distant second position with a price gain of 26%,…