Author: NBTC
Cardano has disclosed in a recent report that the BIS’ principles and standards for managing third-party risks restrict the use of decentralized infrastructures like blockchain. Cardano also highlights that some of the ways to facilitate resilient frameworks include technological neutrality and alternative risk management approaches. In a recent report, Cardano (ADA) has proposed detailed measures to manage operational risks around the principles of the Bank for International Settlements (BIS) to ensure operational resilience. According to the report, its principles are crucial since they serve as the basis for national regulation. The BIS is an international standard-setter for financial regulation. As…
Bitcoin (BTC) has declined from its $93,495 peak, now trading at $92,428 as profit-taking accelerates. Market sentiment, marked by “extreme greed,” signals a possible price reversal as traders increasingly lock in gains. Bitcoin’s Rally Prompts Its Long-Term Holders To Sell BeInCrypto’s assessment of BTC’s on-chain performance has shown a spike in coin distribution by its long-term holders (LTHs). These are investors who have held their coins for an extended period, typically defined as more than 155 days. Per Glassnode’s data, the coin’s Hodler Net Position Change dropped to a five-month low on Tuesday. This metric reflects the overall buying and…
One essential part of the Ethereum (ETH) ecosystem is the Ethereum Virtual Machine (EVM), which functions as the operational hub for the deployment and execution of smart contracts. It makes sure that code behaves the same way on every node in the decentralized network, regardless of the underlying hardware. Read to find out what is Ethereum Virtual Machine (EVM) is, how does EVM network works, its benefits, and the potential challenges it might face. Table of Contents What Is Ethereum Virtual Machine (EVM)? How Ethereum Virtual Machine (EVM) works? Key features of the Ethereum Virtual Machine Use cases of the…
December 17, 2024 — Tether, the largest digital asset company in the world, has invested in StablR, the European stablecoin provider, which seeks to accelerate adoption in the region. Tether’s investment into StablR signals its commitment to the European market and its support for leading, fully regulated stablecoins. The decision comes amid a number of stablecoin launches in Europe, including StablR’s EURR and USDR, which are poised to unlock improved liquidity management, reduced transaction cost, and significant savings for their users. The European stablecoin market, with a market cap of almost $400M for EUR-pegged stablecoins alone, has experienced significant momentum…
According to dcSpark co-founder Sebastien Guillemot, the very first ZK (zero-knowledge) smart contract has been deployed on the Cardano mainnet. This marks the start of the era of ZK applications on the popular blockchain network. The transaction was performed by Cardano developer Input Output with the help of Halo 2 for ZK verification on the blockchain’s mainnet. As explained by Input Output, the first transaction was meant to lock the funds. The second transaction, which required the verification of the Halo2-generated ZK proof, was performed in order to unlock the funds. The unlocking transaction required a 2.03 ADA ($1.9) fee,…
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. In the first ACD call of the year following the holiday break, Ethereum core developers were focused on tying up loose ends on the upcoming Pectra hard fork. Devnet 5, which went live shortly before the call, may be the last [network implemented] before moving on to the testnet phase, tentatively scheduled to begin in early February. System contracts for Pectra underwent bytecode audits, with all changes already implemented. A follow-up presentation on audit findings will occur in two weeks. A significant part of the discussion focused…
According to Triple-A data, Binance CEO Richard Teng noted that cryptocurrency ownership has reached large global adoption, with over 562 million people worldwide holding digital assets. Source: X The data paints a compelling picture of the ongoing rise of digital currencies. Various countries display different holding patterns based on their economic classification. According to the data, countries within the “Emerging Economies” category dominate in crypto ownership. The UAE leads the way at 25.3%, the highest percentage of ownership. Singapore follows closely at 24.4%, while Turkey is at 19.3%. Both exhibit higher adoption rates compared to Advanced Economies like Switzerland (12.4%)…
A smart crypto investor has spent millions on purchasing Dogwifhat (WIF), according to data shared by Lookonchain today November 26 2024. This incredible story came to the limelight when Lookonchain identified the investor’s trading activity on the Solana blockchain. The on-chain analytics platform flagged a wallet named “sbfonchain.sol” spending $4.73 million USDC to purchase 1.42 million Dogwifhat tokens at $3.34 two hours ago. WIF price boots after major listing The recent whale activity signals big investors’ interest in Dogwifhat. The creators launched Dogwifhat in 2023. So far, the meme coin’s market cap rose from zero last year to a current…
Bitcoin is nearing an important Fibonacci level on its price chart, with experts predicting an imminent breakout. Analyst Josh of Crypto World suggests Bitcoin could soon hit resistance at the 1618 Fibonacci extension level, which is between $94,000 and $95,000. Spot Bitcoin ETFs Seeing Inflows On the heels of this announcement, the market saw a positive shift, with Bitcoin ETFs experiencing a net inflow of over $400 million. This is a reversal from the previous outflows and could signal a continued upward trend for Bitcoin as more institutional money flows into the market. Short Squeeze and Bullish Momentum MicroStrategy, led…
The overall cryptocurrency market has shown strong bullish potential ahead of President-elect and pro-crypto advocate Donald Trump’s inauguration, scheduled for January 20, 2025. However, one thing that has been capturing the massive attention of crypto enthusiasts is the recent activity of crypto giants over the past week. Whales Purchase Over $1 Billion in ETH Recently, a prominent crypto expert posted on X (formerly Twitter), revealing that whales have purchased over a billion dollars worth of Ethereum (ETH) in the past week. The expert stated that more than 330,000 ETH, valued at over $1 billion, has been acquired by these crypto…