Author: NBTC

GenesysGo, a leading blockchain infrastructure service provider, has unveiled its latest innovation: Mobile shdwDrive for Solana Saga users. This feature allows Saga phone owners to convert their devices into decentralized storage nodes, earning passive income by leveraging latent storage capacity.—With billions of dollars poured into DePIN this year and Helium leading real-world use cases on Solana, GenesysGo’s Mobile shdwDrive taps into the potential of over 150,000 Solana Saga phones (sold and Chapter 2 pre-orders), rewarding users with $SHDW tokens, which was recently listed on Coinbase. As Saga targets selling 100,000 units this year, the Mobile shdwDrive ecosystem is poised for…

Ki Young Ju, founder and CEO of CryptoQuant, has noted that the initial investments of new whales are almost twice as big as the old whales’ cumulative total. The data shows that short-term holder whales own a total of $110.6 billion worth of Bitcoin, dwarfing the $67 billion held by long-term holder whales. In order to qualify as a short-term holder whale, the average coin age should be less than 155 days. CryptoQuant also excludes the addresses of centralized exchanges and miners. Not enough profits? Last week, the CryptoQuant CEO also took an in-depth look at the unrealized profits of…

Coreum (CORE), an XRPL-based token, secures a listing on leading Latin American Exchange Bit2Me alongside a partnership with the University of California. Coreum (CORE) has recently been integrated into Bit2Me, an exchange in Spain and Latin America. This integration is part of Coreum’s ongoing efforts to enhance interoperability within the crypto sector. Coreum is now live on @bit2me, the leading regulated exchange in Spain and LATAM. While bringing $COREUM to new markets, Bit2Me enables diverse use cases on the platform such as instant transfers via email or phone number, #crypto payments for e-commerce, and more. Now Live:… pic.twitter.com/nqlxLrODfW — Coreum…

Bitcoin dominance indicates market sentiment, influencing altcoin performance and investor strategies profoundly. Understanding Bitcoin’s dominance assists in foreseeing market trends and optimizing investment decisions. While Bitcoin’s dominance is pivotal, comprehensive analysis integrating various indicators is essential for informed trading. Bitcoin Dominance serves as a beacon in the tumultuous seas of cryptocurrency markets, offering insights into the future trajectory of digital assets. This vital metric, depicting Bitcoin’s share of the market against its altcoin counterparts, encapsulates a narrative rich with implications for investors and enthusiasts alike. Bitcoin’s status as the pioneering cryptocurrency endows it with unparalleled influence over the market. Its…

Alchemy Pay, the leading fiat-crypto payment gateway, has entered a transformative partnership with Telos. It is Layer 0 network redefining the industry with its groundbreaking Zero Knowledge technology. They will launch a fiat on-ramp for the direct purchase of $TLOS. The collaboration will significantly simplify the direct procurement process for millions of users. .@HelloTelos token $TLOS is now available through #AlchemyPay’s Fiat On-Ramp.This integration simplifies $TLOS purchase, offering various payment options for users worldwide across 173 countries with 50+ fiat currencies supported.https://t.co/QUJGEhMTGL$ACH pic.twitter.com/ioUpCYcFIx — Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) May 10, 2024 Telos Expands Payment Options with Alchemy Pay…

Billy Markus, who created the iconic meme-inspired cryptocurrency Dogecoin in collaboration with Jackson Palmer, is known for his sarcastic opinions on what is happening within the crypto space. Today, he took to Twitter/X social to share his take on the path the Bitcoin price has taken after the halving and gone contrary to the expectations of many investors and traders. DOGE creator trolls disappointed Bitcoin investors – “what scam” In his tweet published earlier today, Markus trolled those in the crypto space who expected the flagship cryptocurrency’s price to skyrocket “10x” within a few days after the Bitcoin halving was…

Prominent crypto derivatives exchange Bybit based in Dubai has released its 10th reserve certificate, issuing it for May 2024 (the time stamp on the wallets was for 4.00 a.m. UTC on that day). This information was shared by Chinese cryptocurrency journalist and blogger Colin Wu on his official X account. Bybit publishes proof-of-reserves report: SHIB, XRP, DOGE, etc. This reserve certificate was published as part of the “proof-of-reserves” initiative implemented by centralized crypto exchanges after the FTX platform crashed in November 2021, pushing the Bitcoin price way down, along with the rest of the cryptocurrency market. According to this report,…

Bybit, one of the world’s top three crypto exchanges by volume, today announced a global initiative designed to significantly strengthen the Bitcoin (BTC) Layer 2 ecosystem and cultivate a collaborative environment for its continued growth. This initiative underscores Bybit Web3’s dedication to fostering crypto literacy, economic empowerment, and a thriving digital ecosystem. Building a Stronger Foundation: Enhancing Bitcoin Layer 2 Infrastructure Bybit Web3 is committed to bolstering Bitcoin (BTC) infrastructure globally to encourage further adoption and participation. This initiative will unlock unparalleled access to crypto knowledge and opportunities for diverse communities around the world. By strengthening the foundation of Bitcoin…

Blockchain games dominated the first quarter, representing 30% of all on-chain activity in this period, according to the “State of the Dapp Industry Q1 2024” report by DappRadar. The report highlights that an average of 2.1 million wallets were active daily during Q1. This dominance in gaming activity on the blockchain could mean that analysts’ expectations about Web3 games focusing on entertainment this cycle are being fulfilled. MetalCore is a blockchain shooting game from this new batch of titles focused on entertaining gameplay, and it is finding success in its second closed beta testing. “[The number of players] It’s actually…

Trading volume on major cryptocurrency exchanges has experienced a significant decline in April, coinciding with Bitcoin’s retreat from its all-time high. Spot trading volume on centralized exchanges like Coinbase Global, Binance, and Kraken dropped by 32.6% to $2 trillion last month, as reported by research firm CCData. Additionally, derivatives trading volume saw its first decrease in seven months, falling by 26.1% to $4.57 trillion. Trading Volume Declines Due to Tightening Financial Conditions The surge in trading volume witnessed earlier in the year, following the introduction of US exchange-traded funds investing in Bitcoin, waned due to the tightening of financial conditions…