Author: NBTC

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched the Digital Rupee (eRupee) as a new payment method for its INR users. This innovative wallet-based mobile payment solution is now live, offering a secure and convenient way for users to transact on the platform. In response to feedback from Bybit’s INR merchants, the introduction of Digital eRupee aims to address their concerns regarding the security of traditional banking transactions. By accepting payments through eRupee, merchants can mitigate the risk of their bank accounts being targeted by cybercriminals, ensuring a more robust financial ecosystem for all parties involved. A…

California’s Department of Motor Vehicles has digitized 42 million car titles using blockchain technology to reduce fraud and minimize the need for in-person visits. The project, conducted in collaboration with tech company Oxhead Alpha on Ava Labs’ Avalanche (AVAX) blockchain, is the first of its kind in the United States. The initiative aims to enhance fraud detection and streamline the title transfer process. Now, over 39 million California residents can claim and manage their vehicle titles through a forthcoming mobile app set to launch early next year. By converting physical assets such as car titles into digital tokens on a…

Pseudonymous analyst Rekt Capital says that one benchmark indicator is signaling that Bitcoin (BTC) is currently undervalued, with more upside to be captured. In a new video update, the analyst takes a look at the Pi Cycle top indicator, which has been used on Bitcoin for nearly a decade. The Pi Cycle top indicator uses the 111-day moving average (DMA) and a multiple of the 350 DMA. According to Rekt Capital, price trading below the 111 DMA has historically been a “bargain” opportunity for BTC bulls. “If we’re thinking about this halving year, then holding this moving average (111 DMA)…

A survey conducted by Binance revealed that more than half of all cryptocurrency users in Latin America utilize crypto as a long-term investment, choosing to hold onto their digital assets. The survey, which polled 10,000 users from Argentina, Brazil, Colombia, and Mexico, indicates that the number of users in this group exceeds the number of users who use crypto for daily trading. Binance Found Latam Investors See Crypto as a Long-Term Savings and Investment Vehicle Latin America investors have shown that they are quite particular when it comes to using crypto. A recent survey by Binance, one of the largest…

IOHK reports significant progress in the Cardano ecosystem, achieving $548.4M TVL, 1,368 active projects, and preparing for the Chang upgrade. IOHK, a leading blockchain infrastructure research and engineering company, has unveiled the latest feats in the Cardano ecosystem. The update, shared on X, showed significant progress in core technology, wallets, services, smart contracts, scaling, and governance. Another week, another #Cardano development update, now live on #EssentialCardano. Check this week’s highlights and get the latest on core technology, wallets and services, smart contracts, and scaling and governance developments. https://t.co/MrSFThcRuv — Input Output (@InputOutputHK) July 19, 2024 Impressive Growth Statistics Cardano has…

WazirX co-founder Nischal Shetty told CoinDesk the exchange has asked other exchanges for help after it suffered a $230 million hack – worth nearly 45% of customer funds – earlier this month, without naming any entities. Shetty said he could not disclose how much INR (Indian rupees) WazirX held on its books because that could “open up a new attack vector for someone right now.” Indian cryptocurrency exchange WazirX’s co-founder Nischal Shetty told CoinDesk that outreach efforts to different exchanges “are going to be crucial,” as it remains open to “everything that is possible to help solve this situation.” WazirX…

iMe Wallet has successfully integrated Solana. Solana is a cutting-edge, open-source blockchain network renowned for its exceptional speed and efficiency. Solana is designed to synchronize global information at incredibly high speeds. Moreover, its integration with iMe Wallet aims to revolutionize how users manage their cryptocurrency transactions. 🌟 Exciting News! 🌟👛 iMe Wallet has integrated @solana —an innovative, open-source network designed to synchronize global information at the speed of light.🏎 With #Solana, you can now experience fast and cheap transactions and high throughput for all your #crypto… pic.twitter.com/nLl0ziauvI — iMe Smart Platform (@iMePlatform) July 30, 2024 Solana Integration Enhances iMe Wallet’s…

In an appearance on CNBC’s “Squawk on the Street” on July 1, Tom Lee, co-founder and head of research at Fundstrat Global Advisors, shared his thoughts on the current state of the markets, his predictions for the S&P 500, and his bullish thesis on Bitcoin. Market Outlook and S&P 500 Predictions Lee began by discussing the overall market conditions and his expectations for the S&P 500. As of mid-2024, Lee highlighted that earnings for 2025 are looking stronger than anticipated, with estimates rising from an initial $260 to potentially $275, $280, or even $285. He believes this improved earnings outlook…

Blockchain infrastructure provider Anoma is said to be seeking new funding that would propel its valuation up to $1 billion. Anoma Foundation, the non-profit entity that created privacy-focused blockchain Namada, is reportedly in discussions to secure new funding that would elevate its valuation to $1 billion, sources familiar with the matter told Bloomberg today, July 30. Based in Zug, Switzerland, the Anoma Foundation is reportedly seeking to raise up to $40 million, although the exact list of potential investors remains undisclosed. A spokesperson for Anoma confirmed to Bloomberg that the organization is “in active discussions,” but didn’t specify a timeline…

Akash Supercloud is shaking up the cloud computing landscape by offering cut-rate prices on high-performance NVIDIA GPUs, including the sought-after H100. The decentralized platform’s unique “reverse auction” system and user-friendly interface is aimed to disrupt the industry and democratize access to powerful computing resources. The Akash Supercloud has some of the best pricing in the industry for high-performance NVIDIA GPUs — including H100, A100, and A6000.H100: from $1.46/hrA100: from $0.78/hrA6000: from $0.33/hrDeploy in minutes with Akash Console:https://t.co/IzS9nNd2uf#AISupercloud pic.twitter.com/uHhezzxEaz — Akash Network (@akashnet_) July 17, 2024 Launched on the Osmosis chain, the Akash Network debuted in the crypto market in March…