Author: NBTC

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.…

Users are generally concerned about conducting Ethereum (ETH) blockchain transactions. The reason is the high gas fee, which on some occasions might be quite unpredictable. According to a discovery made by crypto analytics platform Lookonchain, a user paid a fee of 288 ETH worth approximately $700,000 in a single transaction. Should Ethereum users be concerned? Large fee spikes on Ethereum are not uncommon. However, on some occasions, most of these fee spikes are glitches. The information on the user spotlighted by Lookonchain does not appear as a glitch. As seen, the user transferred from one wallet, “0xD81….B21fC” to another wallet,…

Economist and gold advocate Peter Schiff noted that if gold could rise from $20 to $2,600 an ounce, it could potentially reach $26,000 or even $100,000. He shared his views on global economic issues, including U.S. dollar weakness, China’s economic resilience, and the impact of U.S. foreign policy on national debt. Schiff warned of potential inflation, worsened by war, and predicted a sharp rise in gold prices as the dollar continues to weaken. Peter Schiff’s Predictions on US Economy and Gold’s Future Economist and gold advocate Peter Schiff, chairman of Schiff Gold, joined Michael Gayed and Will Rhind on the…

Chiliz to launch Pepper memecoin starting October 10th. The Chiliz CEO Alexandre Dreyfus pointed to data to reflect how fan tokens were beating NFTs in volume. Chiliz powered platform Socios has regulatory licenses in Italy, Spain, Portugal, Lithuania, said Dreyfus noting that “apart from crypto exchanges, its the most regulated” crypto entity in the world. SINGAPORE — The Chiliz blockchain is aiming to become “the sports blockchain,” its CEO Alexandre Dreyfus said in an interview with CoinDesk while calling fan tokens’ market is much larger than non-fungible tokens (NFTs). Dreyfus also said that, starting October 10, Chiliz is planning on…

Supernova Shards, a multiplayer space simulator, has announced the expansion of its in-game currency, LFC, to the recently launched Neo X sidechain. This development allows players to move LFC tokens between Binance Smart Chain and Neo X. As part of the update, users can also stake LFC on Neo X and purchase in-game blueprints using the token. Supernova Shards, developed by Cyprus-based Sunday Games, describes itself as a vast open-world space simulator emphasizing realistic economics, sandbox-style gameplay, and survival elements. Exclusive NFT starship blueprints To celebrate the integration with Neo X, Supernova Shards has launched exclusive unique starship blueprint NFTs.…

The ecosystem of Layer 2 Ethereum solutions remains stable while expanding, with increased activity in unique active addresses in multiple applications. Cross-chain DEX aggregator Manta Network shows an incredible 101% increase in unique active addresses within a month. Total Unique Active Addresses in Layer 2 #Ethereum Ecosystem🏆1. @base 2. @arbitrum 3. @MantaNetwork 4. @taikoxyz 5. @LineaBuild 6. @zksync 7. @Optimism 8. @Scroll_ZKP9. @0xMantleWelcome to Manta Network, which has achieved a remarkable 101% growth in the last 30… https://t.co/xzY9mxlVtp pic.twitter.com/jghY150S2s — Ethereum Daily (@ETH_Daily) October 7, 2024 This signifies that more user attention will be given to Manta Network as it…