Author: NBTC

Main Takeaways: Binance Labs has invested in Solayer, a leading restaking network on Solana. Solayer aims to secure on-chain decentralized applications (dApps) with improved network bandwidth while securing the L1 at the same time. Their goal is to provide dApps on Solana with a greater likelihood of securing block space and prioritizing transaction inclusion. Binance Labs, the venture capital and incubation arm of Binance, has invested in Solayer, a leading restaking network on Solana. Their aim is to empower on-chain decentralized applications (dApps) with improved network bandwidth while securing the L1 at the same time. Built natively on Solana, Solayer…

Charles Hoskinson, the founder of the IOG company that stands behind the creation of the Cardano proof-of-stake blockchain, has published a statement on the upcoming game-changer Mithril upgrade that is expected to launch this year. He also responded to a Cardano critic who called ADA an s-coin and accused Hoskinson of being a scammer. Hoskinson’s Mithril message to community Mithril’s goal is to help increase the scalability of the Cardano network. It will allow users to get away from the necessity for Applications to run full nodes and having to individually validate each transaction on the Cardano chain. Besides, Mithril…

OKX, the leading cryptocurrency exchange, announced yesterday that it will delist 7 altcoins. While these altcoins include Meson Network (MSN), Omega (OMN), REP, EURT, IGU, PCI and Smart Layer (SLN), reactions began to come to OKX’s delist decision. We Will Launch Our Own Blockchain! The first reaction came from Meson Network, OKX’s Jumpstart project, which was delisted yesterday. MSN was announced by OKX as a Jumpstart project in April. OKX described MSN as “a revolutionary project”. Sherlock Shi, co-founder of Meson Network, expressed his disappointment over OKX delisting Meson Network (MSN). Despite this delist decision, Shi said his team continues…

Sui, the layer-1 protocol, has recently partnered with SuperFine. Sui will integrate SuperFine’s user acquisition platform to improve the game-building features in its ecosystem. Partnership Announcement! 🎮Superfine is proud to announce that we are an ecosystem partner with @SuiNetwork!Sui is building an immersive blockchain gaming hub, and we are excited to provide our User Acquisition (UA) platform to games building on Sui. pic.twitter.com/DeBPd6hLqw — Superfine (@SuperfineOrg) August 6, 2024 Superfine is a battle-tested growth platform that gives web3 publishers the tools and confidence to scale profitably. User acquisition (UA) is an essential marketing strategy that focuses on attracting users to…

The decentralized physical infrastructure network market continues to see significant growth, with funding for earliest-stage projects increasing 296% year-over-year. According to details shared by crypto market intelligence platform Messari on X, early-stage DePIN projects had raised more than $246 million across 70 deals by Aug. 1, 2024. IoTeX (IOTX) is the platform that has so far registered one of the biggest funding rounds in this ecosystem. DePIN continues to grow 🌐With fundraising volume up 296% year over year, the total market cap grew 400% to $20 billion.It’s Time for a #DePIN Sector Update 🧵⬇️ — Messari (@MessariCrypto) August 7, 2024…

This weekend is one like no other with the majority of top altcoins, including Cardano (ADA), in a rebound mode. According to data from CoinMarketCap, Cardano’s price is pegged at $0.4221, up by 5.29% in the past 24 hours. Forming strong support above the $0.4 price mark comes with a lot of underlying on-chain push, including the whale embrace. Cardano reaffirms lead in whale transactions Data from the crypto analytics platform IntoTheBlock (ITB) hinted at a Cardano whale trend as this metric has jumped by over 4.5% in 24 hours to $8.87 billion. By whale volume, only Bitcoin has recorded…

Cryptocurrency exchange BingX has integrated Apple Pay and Google Pay into its platform to enhance the purchase of digital assets. This step enables BingX users to purchase cryptocurrencies using 30 different fiat currencies and two payment methods. Apple Pay is now available for BingX users. Using encryption techniques, Apple Pay promises users secure transactions when purchasing cryptocurrencies. Speaking about the integration, Vivien Lin, the Chief Product Officer of BingX, said: “We are excited to introduce Apple Pay and Google Pay on BingX, providing our users with more convenient and secure payment options. These integrations enhance the overall user experience and…

Plena Finance, a crypto super app that uses account abstraction, has recently announced an exclusive partnership. The collaboration between Plena Finance and Kima Network focuses on enhancing decentralization as well as the accessibility of cryptocurrency for the common masses. The platform took to its official X account to announce this mutual endeavor. Plena is super excited to partner with @KimaNetwork 🤝Kima Network is a cross-ecosystem money transfer protocol that enables seamless & secure TradFi/DeFi interoperability without smart contracts.Together, we look to further true decentralization & make crypto more accessible… pic.twitter.com/nEWzNIBKrH — Plena – Crypto Super App (@PlenaFinance) August 6, 2024…

According to the latest forecasts, in the month of July, the price performance of Bitcoin (BTC) and Ethereum (ETH) could be strongly influenced by a series of economic and market factors. Ryan Lee from Bitget offers a detailed analysis of the main elements that could determine the trends of these two giants of cryptocurrencies. Let’s see all the details below. What are the price predictions for Bitcoin and Ethereum in the near future? Key events: Mt. Gox refunds and spot ETFs on ETH Bitcoin drops to $61,000: brief analysis of the causes of the crash What are the price predictions…

The Zimbabwean Cabinet has approved a de-dollarization roadmap outlining “modalities to operationalize the Zig currency as legal tender for use in the economy.” Zimbabwean officials have set early 2026 as the new deadline for making the Zig the country’s sole currency. The central bank is expected to strengthen the mandatory licensing requirements, which compel business operators to have a bank account and a point-of-sale device. U.S. Dollar Accounts for 70% of All Economic Transactions The Zimbabwean government has approved a de-dollarization roadmap, and Finance Minister Mthuli Ncube is expected to unveil the plan. Information Minister Jenfan Muswere disclosed this at…