Author: NBTC
The emergence of various blockchain scaling solutions has sparked discussions about the differences and roles of Layer 1, Layer 2, Layer 3, parachains, and sidechains in the evolving crypto ecosystem. Understanding these concepts is crucial for developers, investors, and users navigating the complex landscape of blockchain technologies – but it’s not always very clear which is which and why we need so many different types. Layer 1 blockchains, such as Bitcoin, Ethereum, BNB Chain, and Solana, form the foundational architecture of a blockchain network. These base layer protocols handle the execution, data availability, and consensus aspects of the network, validating…
The much-anticipated Bitcoin halving was completed late on Friday, April 19, 2024. Early reactions followed the landmark event, including changes in the average block revenue and fee reward on the Bitcoin network. In a recent post on X, renowned Chinese crypto journalist Colin Wu highlighted visible changes since the Bitcoin halving completed at block height 840,000. According to Wu, data from OKLink revealed that due to Runes minting, the average revenue per block on the Bitcoin network reached 21.74 BTC. According to OKLink, due to rune minting, in the 15 blocks since the Bitcoin block height 840000 completed the halving…
Alchemy Pay, a leading payment gateway, has announced a strategic partnership with Lido, the decentralized staking protocol. This collaboration marks a significant step in bridging traditional finance with the decentralized finance (DeFi) sector by providing a fiat on-ramp for Lido’s stETH token. Through this integration, users worldwide can now easily purchase and sell stETH using their preferred payment methods and local fiat currencies. The partnership is designed to enhance the overall user experience by integrating Alchemy Pay’s efficient on and off-ramp services within Lido’s ecosystem. This allows for seamless transactions and improves accessibility to stETH, the liquid variant of staked…
Based on a report by the National Post, Canada’s Revenue Agency (CRA) is actively searching for uncollected taxes on cryptocurrencies. The agency estimates that there is nearly $40 million in undeclared taxes related to digital currencies. Concurrently, Prime Minister Justin Trudeau is proposing an increase in capital gains taxes from 50% to 66% for any Canadian taxpayer whose gains exceed $183,000 annually. CRA Eyes $40M in Missed Crypto Taxes According to the National Post, the CRA is pursuing CAD 54 million ($39.5 million) linked to undisclosed crypto transactions and profits. Sahil Behal, director general of the CRA’s compliance branch, revealed…
Born out of the wreckage left behind by the collapse of FTX in November 2022, BONK is a meme coin aimed at bringing together the Solana community. In December 2023, a BONK boom saw the cryptocurrency’s market cap surge to over $1 billion, causing Solana Saga smartphones to sell out after savvy traders realized that the BONK airdrop bundled with the phones was worth more than the devices themselves. But what exactly is this dog coin all about? What makes it special? How does it work? And what even is the BONK meme? What is BONK? Billed as the “social…
RWA Inc., a prominent platform that uses Web3 technology to provide asset-related services on blockchain, has announced a collaboration. As per the firm, it has begun a strategic partnership with Nuco.cloud (the well-known platform using AI to offer sustainable and scalable computing power). The company took to the social media platform X to reveal the respective endeavor. 📢New Partnership Announcement@RWA_Inc_ is honored to add decentralized cloud computing powerhouse, @nucocloud SKYNET, to our list of pioneering strategic partners.@nucocloud SKYNET is the first decentralized mesh hyper scaler making it a valuable addition to the RWA… pic.twitter.com/MlxrD6l9u2 — RWA Inc. (@RWA_Inc_) May 13,…
Bitcoin underwent its quadrennial halving at 8:10 pm ET Friday in New York, reducing block rewards from 6.25 BTC to 3.125 BTC. Immediately following the event, the price of bitcoin (BTC) was largely unchanged at around $63,600. It was trading 1.15% higher over 24-hours at time of publication, per Coinbase. The largest cryptocurrency is now 13% lower than its all-time high of $73,000 set in March. It’s the first time bitcoin has entered a halving event so closely after hitting a new price record. Read more: Bitcoin’s block reward slashed by 50% following 2024 halving Despite historical precedent of bitcoin…
As of early Q2, 2024, Loaded Lions: Mane City has given out more than $400,000 worth of CRO tokens in redemption rewards and bonus NFTs to successful players. That is why the launch of its new season was hotly anticipated by the global crypto community. Loaded Lions: Mane City Season 2 launched by Crypto.com According to the official announcement by Crypto.com, a heavyweight blockchain service ecosystem, Loaded Lions: Mane City GameFi project invites players to join its second season. Compared to previous iterations, this release will feature new NFT collections and larger rewards. #ManeCity Season 2 is live!Check it out…
Glauber Contessoto turned his modest Dogecoin investment into a fortune by using memes and Elon Musk’s support. Dogecoin’s value surged over $89 billion in spite of criticism, making it harder to distinguish between real investments and online jokes. Glauber’s journey from modest beginnings to crypto stardom exemplifies the power of belief. Starting with minimal resources, he shifted his focus from stocks to Dogecoin, leveraging Elon Musk’s influence to become a crypto millionaire in just over two months. Big Dreams from a Humble Beginning: Dogecoin Not so long ago, Glauber Contessoto—who goes by “Pro the Doge” or “SlumDoge Millionaire“—was not well-known…
In a surprising twist in the crypto markets, Worldcoin (WLD) has seen a robust 30% surge over the past week. This has been fueled by swirling rumors about a potential new product from OpenAI. Worldcoin’s Value Increases Amid OpenAI Rumors This increase in value aligns with speculative interests as traders anticipate the launch of a rumored proprietary search engine by ChatGPT’s parent company, OpenAI. Worldcoin, although not directly linked to OpenAI, shares a common visionary in Sam Altman, spearheading the iris-scanning project and the AI pioneer. Despite this indirect connection, the market has responded positively, highlighting the impact of even…