Author: NBTC

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…

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…