Author: NBTC

Tron generated total revenue of $566 million in the third quarter, placing it ahead of giants like Ethereum, Solana, and Bitcoin. The figure reflects a 43% increase compared to the network’s second-quarter earnings. Over the past year, Tron has generated approximately $1.66 billion in total revenue, marking a 113% year-on-year growth. Token Terminal shows that Tron’s third-quarter revenue was more than 2x higher than Ethereum’s $253 million, 5x higher than Solana’s $105 million and 9x greater than Bitcoin’s $57 million. Reacting to the results, Tron founder Justin Sun voiced optimism for the final quarter of the year, stating: “We are…

The Mango Market DAO failed to pass a proposal to pay off the Securities and Exchange Commission’s (SEC) $700,000 settlement after a major voter withdrew their vote hours before the deadline. The proposal required 2% of participants to vote ‘yes’ so that $669,684 USD from the Mango DAO escrow account could be used to settle with the regulator. According to X user @Henry_E__, the vote passed the 2% minimum threshold with 100 million votes. However, someone withdrew 80 million votes hours before the deadline and the vote failed to pass. Only three voters were registered by the time the deadline…

In a significant development for the decentralized exchange platform, DEXPro has announced the integration of four new blockchain networks: 0xMantle, FantomFDN, LineaBuild, and ton_blockchain. This expansion allows users to engage with a wider variety of digital assets and projects across these newly supported chains. 🆕 #DEXPro just got a major upgrade!⛓️ Integrated 4 new chains: @0xMantle, @FantomFDN, @LineaBuild, and @ton_blockchain.🔐 Revamped security ratings and caution tips to help you dodge risks.You can now dive into hot projects like $FBTC, $mETH or $PUFF on Mantle; $FTM or $MIM… pic.twitter.com/9g4WUbZb1K — Bybit Web3 (@Bybit_Web3) October 7, 2024 According to the firm’s report,…

Decentraland has revealed launch plans for its long-awaited desktop client, which brings a significant visual upgrade, improved performance, and new mechanics to the Ethereum metaverse game. This huge update marks a pivot for the game’s vision to focus on the “social’ aspect of the metaverse. Currently, Decentraland is played in-browser, which has limited the game’s graphical capabilities and performance and arguably stunted the evolution of the game in recent years. Set to go live on October 22 as a public beta, the Decentraland desktop client offers major improvements for both players and creators in the metaverse. When Decrypt reviewed a…

Cathedra Bitcoin Inc. has unveiled a non-brokered private placement aimed at raising up to C$2.5 million ($1.85 million). The funds will be used for bitcoin purchases, infrastructure expansion, and general corporate needs. Cathedra Bitcoin’s Bold Private Raise Cathedra (TSX-V: CBIT; OTC: CBTTF) has recently shifted its focus away from bitcoin mining, opting to prioritize bitcoin acquisition and digital infrastructure development, much like Microstrategy’s approach. This non-brokered private placement, known as a LIFE (Listed Issuer Financing Exemption) offering, includes 25 million units priced at C$0.10 each. Each unit in the offering features one subordinate voting share and one share purchase warrant.…

Ethereum slips into the $2.4K mark, losing over 2.50% over the past 24 hours. The market witnessed an ETH liquidation of $50.51 million. Ethereum’s price oscillation over the past few days has left traders anxious due to eminent volatility. Several crypto analysts anticipate that the ETH price might recover with the influx of October. The ETH price is at a critical juncture as it hovers near strong resistance and support levels. The largest altcoin witnessed a price drop of over 2.50% in the past 24 hours. This decline is reflected in the price, which is currently trading at $2,426, as…

Nigeria, Africa’s biggest oil-producing country, is done with selling crude oil in US dollars. The government has decided to start selling in naira. This change was made by the Federal Executive Council (FEC). Nigeria’s oil industry relied heavily on foreign currency, specifically the dollar, for decades. Mohammed Manga, spokesperson for the Ministry of Finance, explained that this strategic change will improve the growth and stability of Nigeria’s economy. With around 37 billion barrels of oil reserves, the country accounts for 3.1% of global reserves. With the ongoing geopolitical instability, including the Middle East tensions and the Russia-Ukraine war, the timing…

EigenLayer leaders have today admitted to withholding the full truth about its massive insider allocations, specifically that they claimed a majority of its supply was not for sale (in ‘full lock’) despite wealthy insiders being allowed to cash out rewards. Back in April, EigenLayer became one of Ethereum’s largest yield-boosting protocols with $15.7 billion in assets. Fast-forward to today, and its fully diluted value has crashed 60%. EigenLayer admitted its sneaky practices in a belated transparency disclosure. Buoyed by $100 million from Andreessen Horowitz (a16z) and tens of millions from other Silicon Valley luminaries, EigenLayer claimed it could compete with…

Morocco has decided to follow fellow African countries in exploring emerging technologies to revitalize its digital economy, investing over $1 billion in artificial intelligence (AI) and blockchain, while on the other side of the world, two of the world’s largest food companies have partnered to trial blockchain technology to trace soybeans from South America to Asia. Moroccan Prime Minister Aziz Akhannouch recently unveiled the Digital Morocco 2030 strategy, which seeks to turbocharge the country’s digitalization efforts, create employment and make Morocco Africa’s leading tech hub. The roadmap aims to boost the country’s digital infrastructure and create 240,000 jobs in Africa’s…

As the U.S. presidential election approaches, it’s worth examining how past elections have influenced Bitcoin’s price. Historically, the U.S. stock market has shown notable trends around election periods. Given Bitcoin’s correlation with equities and, most notably, the S&P 500, these trends could offer insights into what might happen next. S&P 500 Correlation Bitcoin and the S&P 500 have historically held a strong correlation, particularly during BTC’s bull cycles and periods of a risk-on sentiment throughout traditional markets. This could phenomenon could potentially come to an end as Bitcoin matures and ‘decouples’ from equities and it’s narrative as a speculative asset.…