Author: NBTC

Bitso’s report reveals a 15% annual growth in Mexican cryptocurrency users, with Bitcoin dominating purchases. Bitcoin accounted for 55% of average wallets and 30% of crypto purchases in Mexico, leading other nations. Bitso, a major cryptocurrency platform, recently released its “Crypto Outlook in Latin America: First Semester 2024” report, detailing the use and ownership of cryptocurrencies among Mexicans. The report notes a 15% year-over-year increase in user numbers in Mexico, with Bitcoin being the most purchased cryptocurrency, accounting for 30% of total crypto transactions. 🚀 El nuevo informe de tendencias cripto está aquí. Descubre cómo los mexicanos diversificamos nuestra cartera…

IOTA is set to be listed in the Assessment Zone of the MEXC exchange after recommendations from community users. Recently, IOTA announced that it has completed the final phase of the European Blockchain Pre-Commercial Procurement. The exchange of high-performance and mega transaction matching technology MEXC has announced the IOTA (IOTA) listing in its Assessment Zone. According to the official blog post, this groundbreaking move would be a gateway for the commencement of open trading for the IOTA/USDT trading pair. Trading will start Today, August 23, 2024, at 12:00 (UTC). 🚨#MEXC New Listing Alert!📈 $IOTA/USDT will be listed in the Assessment…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Discover the top 6 cloud mining platforms of 2024 and choose secure, user-friendly options to start generating passive income from cryptocurrency mining. In 2024, cloud mining is evolving, offering unprecedented access to profitability for both seasoned investors and curious newcomers. For all the newcomers out there: Cloud mining allows individuals to mine cryptocurrencies by renting mining power from companies that own and operate the required equipment. Instead of investing in expensive hardware and managing it themselves, users pay a…

Data from an on-chain analysis firm suggests that Bitcoin (BTC) miners’ capitulation may be ending, signaling the onset of a potential bull market for Bitcoin. As Bitcoin shows signs of recovery, currently trading at $60,456 with an approximate 2.8% increase in the last 24 hours, the overall market sentiment is turning positive. With miners no longer under severe pressure to sell, the market conditions are increasingly conducive to growth. Bitcoin Might be at the Early Stages of a Bull Run CryptoQuant highlights the Hash Ribbons indicator, which observes the 30 and 60-day moving averages of the Hash Rate. This tool…

Luca Prosperi, the head of M^0 Labs (a company that helps institutions create their own cryptodollars), shared his thoughts on decentralized finance (DeFi) and more in a recent interview on the Thinking Crypto podcast. He feels the connection between DeFi and traditional finance (TradFi) is awkward and that DeFi needs to adopt more TradFi values to become part of people’s everyday lives. In the YouTube podcast, Prosperi explained that the early DeFi folks were innovators, disruptors, and risk-takers, but the industry would benefit from “some level of institutionalization and professionalization of services.” “I think DeFi needs to expand a little…

Flow enables high-speed, secure transactions, supporting major NFT platforms like NBA Top Shot. Theta combines blockchain with video streaming, revolutionizing digital content distribution via NFTs. Binance Smart Chain offers low-cost, fast processing, attracting NFT creators and broadening their audience. When it comes to Non Fungible Tokens (NFTs), some altcoins have taken the lead, making significant strides in this innovative space. Three such altcoins are Flow (FLOW), Theta (THETA), and Binance Smart Chain (BSC). Each of these projects has carved out a unique position, supporting the booming NFT ecosystem. Flow (FLOW): The Backbone of Major NFT Platforms Flow (FLOW), developed by…

Argentina is poised for a technological upheaval as it emerges as a pioneer in the global cryptocurrency landscape. Amid dire economic circumstances, the cryptocurrency sector is becoming a cornerstone for fiscal recovery and innovation. “Argentina’s unique circumstances have turned it into a fertile ground for crypto experimentation,” highlights María Gómez, an economist and crypto enthusiast. This article explores Argentina’s rise as a leading nation in cryptocurrency adoption amidst economic challenges and the Crecimiento movement’s efforts to transform the country. The Crecimiento Movement: A Catalyst for Change At the center of Argentina’s crypto revolution is the Crecimiento movement, which has galvanized…

The Cardano Foundation has been working on a building block that introduces Inter-Blockchain Communication Protocol (IBC) capabilities to the Cardano blockchain, specifically designed to enable reliable transactions and data exchanges across distinct blockchain networks. In the last few months, Composable Finance launched the first IBC implementation connecting Polkadot, and Kusama, and connections are in development with Avalanche via Landslide, NEAR via Omnity Network, BNB via Toki, Polygon via Union, and now, Ethereum and Solana via Picasso Network. The IBC framework works not only to enhance existing systems but also to expand what they can achieve. It facilitates the transfer of…

Coinbase, the largest cryptocurrency exchange in the United States, announced that Coinbase Prime has signed a custody agreement with Ethena Labs. Coinbase announced in its official blog post that its brokerage platform Coinbase Prime has signed a custody agreement with Ethena Labs, the issuer of stablecoin USDe. Under this agreement, Coinbase will manage the custody of ENA tokens for Ethena Labs and the Ethena Foundation. Under the agreement, Coinbase Prime will provide custody, USDC, and self-hosted wallet services for Ethena. Additionally, Coinbase Prime’s Web3 wallet will be integrated into Ethena’s minting and redemption processes, improving the protocol’s efficiency. “Specifically, the…

The bank reduced its CLSK, IREN, MARA and RIOT price targets to account for second-quarter results and changes in the price of bitcoin and the network hashrate. JPMorgan prefers Iren and Riot Platforms, and says recent underperformance in these stocks presents a buying opportunity. The bank estimates the notional value of the remaining bitcoin to be produced by miners at around $74 billion. At current bitcoin (BTC) prices, the value of the remaining 1.3 million tokens left to be mined is about $74 billion, JPMorgan (JPM) said in a research report on Friday. The bank reduced its price targets for…