Author: NBTC

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. No single entity, interest group, or political faction defines (or dominates) the blockchain industry. But despite all differences, positive and negative, there is a shared mission—achieving mass adoption. You might also like: Is investing in classic stocks always safer than defi? Not exactly | Opinion More people, businesses, and communities must benefit from crypto and blockchain tech worldwide. To achieve this fully, anyone should be able to build high-quality dApps and on-chain tools. Devs must have the…

Amid growing concerns about the direction of the U.S. economy, Bank of America CEO Brian Moynihan called on the Federal Reserve to lower interest rates as soon as possible. The Fed must strike a delicate balance between controlling inflation and avoiding a recession, Moynihan said in a recent interview. Recent market turmoil, including record swings in the VIX volatility index, has raised investor concerns. While the labor market remains strong, mixed economic data and weakening consumer confidence have triggered alarms. Moynihan’s call for a rate cut comes as analysts and investors grapple with the Fed’s ability to achieve a soft…

July is poised to be a big month for crypto gaming token unlocks. Throughout the month of July, over $148 million worth of crypto gaming tokens will be unlocked and can enter the market, according to data from TokenUnlocks. And all of the projects in question have launched tokens on Ethereum. Many crypto projects make their total supply of tokens available across days, weeks, months or years. Often, when a project launches its token, it locks up a significant amount of the supply that’s intended for collaborators, community rewards, and perhaps investors. Those tokens are then gradually unlocked for access…

Bybit, the world’s second-largest crypto exchange by trading volume, proudly announces that all Bybit users can now deposit and withdraw PayPal USD (PYUSD) on the Solana blockchain. The first top-three exchange to offer this feature, Bybit users can now synergise their crypto investments with the power of global payments on Solana. PYUSD and Solana’s Unstoppable Momentum – A Look at PYUSD On-Chain Performance and Issuance Data Since its debut, PYUSD has performed remarkably well on Solana. The stablecoin has processed over 500,000 transactions, demonstrating its growing adoption across various financial applications. Its robust performance has established PYUSD as a critical…

5ire, a blockchain platform focused on sustainability, has announced the public launch of its mainnet. This milestone follows a testnet phase that processed over one million transactions in its first month, according to the company. 🪩Our Mainnet is live! 🪩 Revolutionizing blockchain with our innovative eco-friendly SPoS. 🤝Join us in building a sustainable Web3 future. Read more to learn about our journey. Thank you @Benzinga for covering our milestone. 🔗https://t.co/jHwF5tOsT4 — 5ireChain (Mainnet Goes Live @ 10pm IST today) (@5ireChain) August 15, 2024 The 5ire mainnet network is designed to process up to 1,500 transactions per second, with 50% of…

Recent data from CryptoQuant reveals an increase in Bitcoin spending, with significant amounts being sent to exchanges. Bitcoins in the 1M-3M, 3M-6M, and 6M-12M age bands are the most affected. Spent Output Age Bands (%)“40% of the sent #Bitcoin are in the 3M-6M range, 20% are in the 6M-12M range, and the remaining portion is mixed. These sent $BTC will create selling pressure.” – By @XBTManager Read more 👇https://t.co/D1VolwrEoP pic.twitter.com/7MM6dZ3L0J — CryptoQuant.com (@cryptoquant_com) June 17, 2024 40% of Bitcoins Sent to Exchanges Are 3-6 Months Old According to data, 40% of the used Bitcoins are between the 3M-6M, 20% between…

PayPal’s PYUSD stablecoin supply has grown by 90% after it expanded to the Solana blockchain in May, with its market capitalization surpassing the $500 million mark as of July 8. According to DeFillama data, PYUSD’s total supply on Solana and Ethereum has reached approximately $520 million on July 8. Solana is driving PYUSD growth A breakdown of its supply across the two chains shows that $399 million, representing 77% of the total supply, is on Ethereum, while $118.65 million, equivalent to 23% of its supply, is on Solana. However, further analysis of the data shows that its adoption on the…

The Securities and Exchange Commission (SEC) has filed a complaint against Drive Planning, LLC, and Russell Burkhalter accusing them of operating a real estate Ponzi scheme in which funds were misappropriated to Coinbase, and used to buy a yacht and a private jet. Drive Planning allegedly sold unregistered securities to investors, promising they could earn a 10% return in just three months. These returns were supposed to be generated by providing bridge loans to or entering into joint ventures with real estate developers. Strangely, the website for this scheme didn’t just promise incredible financial returns; it actually promised “to guide…

Solana-based Avatar.One has surpassed 120,000 monthly active users worldwide since its launch earlier this year. The platform allows users to create personalized 3D artificial intelligence (AI) companions and has connected over 100,000 Solana wallets. Users can define their AI companion’s personality from hundreds of thousands of variations, give it an AI-generated voice, and engage in unfiltered chats. The platform aims to combat the global loneliness epidemic, which the World Health Organization has declared a “global public health concern” and launched a Commission on Social Connection in November 2023. Avatar.One and Matrix One co-founder Mark Studholme said: “I envision a future…

Bitcoin’s price has failed to make a new all-time high and is currently going through a correction. Yet, the bull market might still be far from over. Bitcoin Price Analysis: Technicals By TradingRage The Daily Chart Bitcoin’s price has been on the decline over the last few days, following a drop below the $68K level and the bullish trendline. Currently, the cryptocurrency is testing the $65K support zone. If the market rebounds, a rally toward $68K and higher could be expected in the short term. On the other hand, a drop below the $65K zone would likely lead to a…