Author: NBTC

In 2023, Africa’s share of global blockchain venture deals rose marginally to 1.3%, but the continent’s total funding dropped from 1.6% to 1.3%. Only South America’s share of blockchain funding ranks below Africa’s share. The continent achieved an all-time high in blockchain venture funding deal share, accounting for 6.4% of all venture funding and 12.5% of total deals. Africa’s 2024 Blockchain Funding off to a Slow Start According to the CV VC report, Africa’s share of global blockchain venture deals (1,306) rose from 1.2% to 1.3% by the end of 2023. However, the continent’s share of total blockchain venture funding…

Dogecoin (DOGE) is yet to recover from the tribute Elon Musk paid to Kabosu, the dog that inspired the creation of the meme coin. Since Musk’s posts relating to DOGE are a major growth booster, the coin has seen a bump in some of its key metrics. At the time of writing, Dogecoin is changing hands for $0.167, up by 3.67% in the past 24 hours, growth coming at a time when Bitcoin’s price has entered consolidation mode, however, with a 2.67% surge to $69,218.58. The Dogecoin growth over the past week has not followed a uniform pattern. In this…

As the cryptocurrency market experiences volatility, Michael Saylor, Chairman of MicroStrategy, has made a stoic remark in response to Bitcoin’s recent price slump. In a tweet that has caught the attention of the crypto community, Saylor stated: “1 BTC to 1 BTC,” reiterating a fundamental belief in Bitcoin’s enduring value despite market fluctuations. 1 BTC = 1 BTC — Michael Saylor⚡️ (@saylor) July 5, 2024 Bitcoin has seen its price fall below the $56,000 mark, continuing a decline that has now extended into its fourth consecutive day. This decline is part of a larger trend that has seen Bitcoin plummet,…

Between June 19 and July 19, within a 30-day period, the total value locked (TVL) in decentralized finance (defi) dropped below the $100 billion mark, hitting a low of $86.3 billion on July 7, 2024. Over the past three days, however, the TVL has managed to stay above the $100 billion threshold. Lido Leads Defi TVL as Sector Climbs 16.85% Since Early July The value locked in decentralized finance (defi) protocols has expanded recently, reaching $100.85 billion as of July 22. This marks a 16.85% rise since July 7, though it has yet to surpass the $109.66 billion recorded on…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Since its initial coin offering in 2017, the Tezos blockchain has become the art world’s favorite because of its energy efficiency and low cost. AI artists, including Refik Anadol, an internationally renowned media artist, director, and pioneer in data and machine intelligence aesthetics, use Tezos to execute peer-to-peer transactions and deploy smart contracts. The token is listed on crypto exchanges as Tezos (XTZ). You might also like: Expanding mobile services with device licensing and crypto | Opinion…

Wall Street investment bank Jefferies analysts believe former President Donald Trump’s “overt support” for Bitcoin and crypto, combined with anticipated higher inflation, larger fiscal deficits, and political pressure on the Federal Reserve, could undermine the US dollar’s dominance as a store of wealth. The analysts said in a research report shared on social media on July 19 that such an environment would be highly favorable for crypto-related stocks and gold miners. The phenomenon is already in play with crypto-stocks and the wider market rallying after Trump survived an assassination attempt. As Trump’s prospects in the 2024 presidential election rise, these…

Chainlink price broke above $17.70 on Friday May 24, to reach a 45-day peak as the whale investors on embarked on a LINK buying spree in reaction to Ethereum (ETH) spot ETF approval this week. Chainlink overtakes Bitcoin Cash after Ethereum ETF Approval Since the Ethereum ETF approval on May 23, crypto investors have been observed making conspicous moves to redirect capital towards ETH markets as well critical projects built on the Ethereum blockchain network. Chainlink is widely regarded as a market leader providing the critical off-chain price feeds and other vital information needed by complex smart contracts to become…

In a new market update, the research team of leading cryptocurrency asset manager Grayscale predicted that the cryptocurrency market would be able to recover from the most recent crash “in the coming months.” Its optimistic outlook is based mainly on the “broadly supportive” macro backdrop. Grayscale has mentioned the possibility of the U.S. Federal Reserve rate cuts as well as the thriving U.S. stock market. As reported by U.Today, the price of Bitcoin crashed to $53,350, its lowest price point in nearly half a year, earlier this Friday on the Bitstamp exchange. Close to $700 million worth of crypto got…

Ethena Labs is still closely watched for potential contagion risks. The bull market is now helping the project, but the effect of USDe may spread to additional protocols. Ethena Labs is gaining support from the Ethereum (ETH) bull market. However, the project is still a source of risk, tied to the newly issued 3.4B of USDe. The project now faces both external and internal factors that could sway the balance and affect the usage of USDe. Over the past weeks, the acceptance of USDe into new protocols was gaining speed. The Pendle ecosystem is now absorbing more USDe, as well…

On 18 July, Jacob Canfield, a prominent figure in the cryptocurrency world, shared valuable insights on the concept of hedging via the social media platform X. Canfield emphasized the importance of hedging as a strategy for traders to protect their investments against market downturns and manage capital gains effectively. Canfield started by explaining that hedging is one of the best methods to safeguard investments from downside risks. He said that it also helps traders avoid selling assets within a year, which can lead to significant capital gains taxes. He then listed several reasons for hedging: Reducing Taxable Events: By hedging,…