Author: NBTC
Jito (JTO), an advanced liquid staking protocol on the Solana blockchain, offers Maximum Extractable Value (MEV) rewards to its users. By staking SOL tokens in specialized pools, users receive JitoSOL tokens, which combine both staking rewards and MEV benefits. This dual reward system not only boosts returns for holders but also aids in the decentralization of the Solana network. The article explores the nature of Jito (JTO) and how to purchase Jito (JTO) using Turkish Lira (TRY). Contents hide 1 What is Jito (JTO)? 2 How to Buy Jito (JTO) with TRY? 2.1 Steps to Purchase Jito (JTO) on Binance…
Insights from the 2nd International Workshop on DAG-based Distributed Ledgers TL;DR:The Beyond the Chain workshop on May 31, 2024, at Trinity College Dublin explored how DAG technology can overcome blockchain limitations. Shai Wyborski’s keynote emphasized DAG’s efficiency and scalability benefits over traditional blockchains. Presentations covered topics like secure IoT data transmission, shared objects in Sui smart contracts, name management using IOTA, and a study on DAG-based consensus protocols. Solving the limitations of traditional blockchain with Directed Acyclic Graph (DAG) technology is the focus of Beyond the Chain: Workshop on DAG-based Distributed Ledger Technologies. Featuring contributions by several IOTA Foundation members,…
Since March, the market has been range-bound between $60,000 and $70,000, with the halving event in April not providing the expected boost due to a general lack of market catalysts, a trader said. One firm said short-term bitcoin holders, who have historically influenced market trends, might play a significant role in the coming months. After periods when 94% of both long—and short-term holders were in profit, there has been a shift towards selling, leading to significant drawdowns in the following four to six months. The current cycle could follow a similar pattern if institutional demand and macroeconomic conditions weaken. Bitcoin…
After the downtrend over the past few months, Ethereum price is at a critical juncture, with potential for significant upward movement. Investors are closely watching key resistance levels to determine whether the ETH price will break through and continue its bullish trend. Ethereum Price Analysis: All Insights To Note 1- Current Ethereum Price Dynamics Ethereum (ETHUSD) is making efforts to surpass the key resistance at $3,132.80. A daily close above this level could set the stage for a rally towards $3,290.00 and potentially $3,360.31. However, failure to breach this resistance might lead to a retest of the $2,905.30 support area.…
US Federal Reserve (FED) Chairman Jerome Powell appeared in front of the cameras for the second time before the CPI and PPI data to be announced this week. Speaking at the US House of Representatives Finance Committee today, Powell made the same speech he gave to the Senate Banking Committee on July 9, 2024. Powell, who has taken a cautious stance so far by stating that more positive data is needed for interest rate cuts, repeated his statements that more data is needed for interest rate cuts. The highlights of Powell’s speech yesterday were as follows: “First quarter data did…
Another crypto trader has made waves in the cryptocurrency market with impressive results trading on the decentralized finance (DeFi) ecosystem. The trader made over $1.4 million in unrealized profits with the meme coin PEW on Ethereum (ETH). As developed, the address starting with ‘0x8EF73‘ bought 27.05 billion PEW with 3.2 ETH, worth $12,300. Lookonchain spotted and reported this crypto trader’s activity on May 31 in a post on X. Notably, ‘0x8EF73’ already sold 8.05 billion PEW for 83.5 ETH, worth $315,000—over $300,000 in realized profit. As of this writing, the monitored account holds 1 billion PEW worth $61,000. However, Lookonchain…
Crypto gaming startup Jungle announced Wednesday that it is developing its new mobile first-person shooter game For The Win (FTW) on the Solana blockchain, the firm shared exclusively with Decrypt’s GG. For The Win is a speedy, team-based hero shooter that is currently in early alpha testing in South America, where it has attracted over 100,000 downloads in its first month of availability. Jungle plans to utilize the Solana blockchain to implement features that reward players based on their in-game performance, aiming to incentivize user acquisition and benefit power users. The team pointed to Solana’s speed and user experience as…
Unstoppable Domains and Pudgy Penguins have collaborated to offer an innovative solution for accessing the digital world through Web3 domains. Thanks to .pudgy domains, users can now abandon traditional password-based logins and use personalized identities to access the pudgy world in a single step. Let’s see all the details below. Web3: simple and secure access to the Pudgy Penguins world with personalized identities Properties and customization All-time high for Web3 user engagement in Q2 2024 Web3: simple and secure access to the Pudgy Penguins world with personalized identities As anticipated, Unstoppable Domains, leader in the provision of Web3 domains and…
There is increasing bearish pressure on Bitcoin’s price as the flagship crypto repeatedly fails to break above resistance levels. In a gradual trend, BTC has continued to put in lower highs and lower lows since it achieved a new all-time high (ATH) in March 2024. While many analysts consider the pullback an accumulation, breaking below critical support could lower Bitcoin’s price. Data from TradingView shows that Bitcoin met resistance around $65,500 after recovering from the $56,500 swing low. That level also represents the 0.5 Fibonacci retracement level, covering the drop from the ATH to the recently identified swing low. BTCUSD…
Blockchain game developer and investor Animoca Brands announced its balance sheet for 2023. Accordingly, Animoca Brands stated that it has $203 million worth of cryptocurrencies on its balance sheet. Stating that the total asset value decreased for the 12 months ending December 31, 2023 compared to 2022, the company said that the value of these assets increased after the rise towards the end of 2023. The company announced in its official statement that it has $175 million in cash and stablecoins as of fiscal year 2023. According to the company’s balance sheet, it also has $203 million worth of cryptocurrencies,…