Author: NBTC

TerraPay has formed a new initiative to enhance how wallets interact globally. Dubbed the “Wallet Interoperability Council,” this collaboration brings together five digital wallet operators to make international money transfers more accessible globally. The Wallet Interoperability Council, spearheaded by TerraPay, includes key players like Airtel, bKash, MPESA, Nequi, and Sama Money. These operators serve vast regions, including Bangladesh, Colombia, Kenya, Senegal, Tanzania, and Uganda. According to the London-headquartered firm, the council’s goal is to advance global wallet interoperability, enabling seamless merchant payments, international remittances, and other cross-border transactions by connecting diverse platforms. Traditionally, digital wallets have operated primarily within local…

Neal Stephenson, the author who coined the term “metaverse” in his 1992 novel “Snow Crash,” is debuting a new metaverse project called Artefact. It’s a collaboration between the blockchain platform he co-founded, Lamina1, and Wētā Workshop, the special effects company behind movies like “Lord of the Rings” and “Avatar.” The new project aims to develop intellectual property (IP) for a blockchain-powered metaverse, according to a release shared with Decrypt. Lamina1, which Stephenson co-founded with Peter Vessenes, launched in 2022 to support digital content creators. The platform has gained 65,000 active users since its mainnet launch in May 2024, indicating a…

Orbiter Finance secured over $50 million in annual revenue, driven by growing Layer-2 (L2) adoption. This milestone positions it among the most profitable decentralized cross-chain L2 protocols. L2 solutions enhance blockchain scalability by offloading transaction processing from the main chain. This reduces congestion, lowers fees, and boosts transaction throughput, driving demand for such solutions. Orbiter Finance Records $50 Million Annual Revenue Orbiter Finance generated over 20,000 Ethereum (ETH) (around $52.7 million) in year-to-date revenue, surpassing the combined earnings of all other third-party cross-chain bridges. This achievement positions Orbiter above Base, the second-largest Layer-2 scaling solution by total value locked (TVL),…

DOP, the native token of zero-knowledge proofs platform Data Ownership Protocol, has jumped 75% in the past 24 hours after the token’s listing on major crypto exchanges. On Thursday, crypto exchanges Bybit and Bitfinex announced trading support for DOP. The token’s price rose sharply to reach above $0.0288. Bitfinex announced deposits for DOP would open at 12:00 pm UTC on July 4, 2024, with trading expected to commence on July 5, 2024 at 10:00 am UTC. This will however be subject to “liquidity requirements being met,” the Bitfinex team wrote in a blog post. Commenting on the listing, Bitfinex head…

The event Super Earn by Binance for Ton recorded an immediate success in the crypto field, exhausting the initial offer in a few minutes. In response, Binance has launched a new pool to meet the high demand, consolidating its commitment towards the expansion of the Toncoin ecosystem. Let’s see all the details below. Super Earn: unique opportunities in the crypto field for Ton on Binance Integration in the Launchpool The vision of Binance for the future of Toncoin Super Earn: unique opportunities in the crypto field for Ton on Binance As anticipated, Binance, one of the main cryptocurrency exchanges worldwide,…

Bitcoin’s fear and greed index has signaled that investors are more worried about further crypto capitulation Some long-term whale investors have been busy accumulating while others have shown capitulation fears. Bitcoin price is at a crucial crossroads that could either lead to $70k or $40k next. Bitcoin (BTC) price slipped 4 percent in the past 24 hours to trade about $58,413 on Thursday, during the early Asian session. Therefore, the flagship coin is currently retesting the support level around $58k after being rejected severally at the resistance range between $61k and $62k. Following the recent daily death-cross between the 50…

Shibarium, the layer-2 blockchain solution for Shiba Inu, has seen a big jump in average transaction fees over the past 24 hours. Data from Shibariumscan shows that the amount of BONE tokens spent per transaction has shot up from 30.4 to 90.84. BONE, the native token of Shiba Inu, plays a vital role in the ecosystem. It covers transaction fees on the Shibarium network and contributes to the burning of SHIB tokens. Each BONE transaction fee is partly converted into SHIB and sent to a dead wallet, reducing the total supply and potentially increasing the token’s scarcity. This big increase…

Binance claims to have thwarted potential losses of over $2.4 billion In the first seven months of 2024, safeguarding more than 1.2 million users from scams and fraudulent activities. In a statement the company released today (Tuesday), the exchange said it prevented the potential billions of dollars worth of losses from January to July 2024. The platform’s risk management reportedly detected and blocked fraudulent activities that could have affected more than 1.2 million users. The leading exchange by trading volumes highlighted its internal risk management platform that utilizes artificial intelligence (AI) and manual review to monitor transactions in real time.…

Bitcoin’s (BTC) price appears to be in a precarious situation as major stakeholders, often referred to as crypto whales, have reportedly paused their buying activities. This halt in purchases has sparked concerns about Bitcoin’s future valuation, particularly as technical patterns indicate a bearish trend. Historically, such trends have been associated with prolonged downswings or periods of consolidation. Crypto Whales Step Back as Bitcoin Turns Bearish Recent data from Lookonchain suggests that institutions have stepped back from Bitcoin purchases, coinciding with a 1.44% decline in Bitcoin’s value over the past 24 hours. Currently, Bitcoin is trading around $58,300, a drop from…

As Bitcoin continues to trade below $60,000, Coinshares has released its weekly cryptocurrency report. Coinshares, which stated that it experienced a small inflow of $30 million into cryptocurrency investment products last week, said that the popular altcoin Solana saw a record outflow. “While there was a small inflow of $30 million total into crypto investment products last week, recent macroeconomic data suggests the Fed is less likely to cut interest rates by 50 basis points in September.” Solana (SOL) Experienced a Record High! When looking at crypto funds individually, it was seen that the majority of fund inflows were in…