Author: NBTC

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…

A notable market analyst insists XRP is a scam, but acknowledges its potential to record impressive growth, urging investors to pay attention to it. Krillin, an EMA/MA analyst from trading platform The Haven, made this remark in a recent disclosure. Over the past few months, the seasoned market analyst has continued to take a jab at XRP, repeatedly reminding the broader crypto community that XRP holders missed out on the 2021 bull run. Notably, in 2021, the crypto market slipped into a full-blown bull run. While other cryptocurrencies recorded new all-time highs, XRP hit a roadblock at $1.96 in April…

Crypto exchanges recently witnessed nearly $1 billion in stablecoin net inflow in just a day, marking the largest figure since April 2023. This massive figure was recorded yesterday, according to on-chain data sourced by market intelligence resource IntoTheBlock. The accompanying chart shows an initial decline in stablecoin net inflows at the start of Q4 2023. Notably, in October 2023, net inflows persistently averaged below $300 million daily. Stablecoin Netflows to Exchanges | IntoTheBlock This drop coincided with the beginning of the pre-bull run phase for the ongoing market cycle, as Bitcoin (BTC) engineered a recovery from the $27,000. Stablecoin inflows…

A prominent Solana-based decentralized finance platform Mango Markets has begun a new collaboration with RuneMine. The strategic partnership between Mango Markets and RuneMine targets streamlining Rune’s bridging between the Solana blockchain and Bitcoin to enhance the user experience and interoperability in the ecosystem. The platform took to its official social media account to provide insights into this endeavor. We are very excited to be partnering with @rune_mine! RuneMine offers a cross chain solution for Runes on BTC to seamlessly bridge to Solana. We’re proud to support efforts in onboarding more users to the @solana ecosystem. https://t.co/3aUXMRDEQ3 — Mango (@mangomarkets) August…

Bitcoin is currently experiencing a sharp decline, with the price of the digital gold plummeting below the $65,000 threshold. However, there is a schematic that may explain BTC’s current moves and potentially provide us with hope. A well-known technical analysis pattern for interpreting asset market behavior, especially during periods of accumulation and consolidation, is the Wyckoff Reaccumulation schematic. According to this schematic, the current state of Bitcoin could be a part of a larger reaccumulation phase in which retail investors and strong hands are gradually accumulating BTC from each other. Initial support level (PSY): Following a downtrend, this is the…

DMarket led daily non-fungible tokens (NFTs) sales on Wednesday for the first time since May, according to CryptoSlam data. DMarket, a collection that represents in-game virtual items for popular online games like Counter-Strike and Dota 2, recorded US$1.82 million in sales. The Mythos-based collection is a frequent occupant of CryptoSlam’s daily sales chart and is rushing up the all-time sales ladder. It now sits on the 14th spot with US$481.7 million in all-time sales, sitting about US$70 million away from Meebits and the 13th spot. DMarket’s daily performance included 7,864 unique buyers and 6,513 sellers. The second-ranking collection for the…

After banning digital assets in 2018, Qatar is softening its stance and has recently announced a new initiative focused on asset tokenization. Digital assets, DLT, and tokenization are part of the Middle Eastern nation’s Digital Agenda 2030, says Yousuf Mohamed Al-Jaida, the Qatar Financial Centre (QFC) CEO. Based in Doha, QFC launched in 2005 to provide a business and financial center with its own legal and tax rules. QFC has been exploring digital assets despite the country’s blanket ban. In partnership with the Qatar Central Bank (QCB) and other organizations, it launched the Digital Assets Lab “to spur open innovation,…

The Dogecoin (DOGE) ecosystem developers have issued a crucial update as it concerns the launch and hosting of Ordinals inscription on chain. Despite its meme coin status, Dogecoin is looking to evolve like other more functional protocols. The emergence of Ordinals might help in achieving its goals in the future. Dogecoin Ordinals update Dubbed Doginals, developers of the popular MyDoge Wallet hinted that the platform is in the final stages of testing its v1.0 release in readiness for the inscription’s support. As one of the most used native Dogecoin applications, support for Doginals might make the innovation go more mainstream…