Author: NBTC
ETH/BTC, the ratio between Ethereum’s value and Bitcoin’s value, fails to recover from a multi-year downtrend. Seasoned Bitcoiner Tuur Demeester, author of Bitcoin Reformation theory, noticed that this crucial indicator lost over one third of its value in two years. ETH/BTC lost 36.4% after this reckless move: Tuur Demeester The ETH/BTC metric is 27.9% down in 12 months, Tuur Demeester noticed in his recent thread on X (formerly Twitter). This is the result of a prolonged downtrend: In two years, Ethereum (ETH) lost 36.4% against Bitcoin (BTC). ETH/BTC1 week: -3.2%1 month: -5.2%3 months: -8.2%6 months: -13.7%1 year: -27.9%2 years: -36.4%…
AgriDex is looking to bring the global agricultural industry on-chain by tokenizing various crops to be bought and sold on its Solana-based marketplace. The tokenization of real-word assets has been gathering momentum in recent months. AgriDex, a Solana-based tokenization platform, said it raised $5 million to bring agricultural commodities on-chain. The pre-seed funding round included investments from Endeavour Ventures, sub-Sarahan African agricultural group African Crops and South African vineyard group Oldenburg Vineyards, the company said by email on Thursday. AgriDex allows various crops to be bought on its marketplace. When finalized, deals are then secured by minting a non-fungible token…
The Celo community voted Friday to approve using Optimism’s OP Stack technology for migrating its current standalone blockchain over to a layer-2 network atop Ethereum. The vote, officially proposed May 3 passed with overwhelming support, with 65 addresses representing 14.6 million CELO tokens signaling approval for the measure, with two two addresses representing 20,484 CELO abstaining. The vote follows an announcement last month that cLabs, the primary developer firm behind the Celo blockchain, and as such one of the most influential voices in the community, proposed choosing the OP Stack last month as the primary technology for its new home.…
The Inco project will allow developers to create intranet products in Telegram mini-applications securely. According to the Inco team, developers of a universal privacy layer for Ethereum and other networks, the project partnered with Privy for these purposes. A few weeks ago, Telegram founder Pavel Durov announced important plans to tokenize functions, distribute advertising revenues with users, and introduce the Tether stablecoin into The Open Network (TON) blockchain. Inco’s universal privacy will allow developers to create quarantine-free apps and mini-games with hidden information that is still fully verifiable, including prediction markets, card games, and guessing games that will work with…
A widely followed economist says that a $111,000 price tag for Bitcoin (BTC) is in the cards amid the alignment of a technical indicator and a bullish market structure. In a new video update on Trade Gate Hub, economist Henrik Zeberg says that based on a key indicator, it’s possible for the top crypto asset by market cap to “melt up” to six figures by August. According to Zeberg, the crypto king has historically entered into a parabolic phase after its monthly relative strength index (RSI) goes above 70. ”So I got $110,000-$115,000 for Bitcoin. It is actually a part…
Marsh, the insurance broking and risk advisory business of Marsh McLennan, has unveiled an insurance solution designed for crypto-asset service providers operating within the European Union (EU). The launch of MiCAssure comes in anticipation of the forthcoming Markets in Crypto-Assets Regulation (MiCA), which is set to be implemented on December 30, 2024, according to a Thursday press release. MiCAssure is intended to address the regulatory framework established by MiCA, which seeks to provide legal certainty, consumer protection, and address market fragmentation within the EU’s crypto-assets market. MiCAssure Covers Third-Party Claims Related to Misrepresentations The insurance solution, developed in collaboration with…
Input Output Global (IOG), the development and research arm of the Cardano network, has published a new blog post, highlighting key developments that occurred within the ecosystem this week. The weekly #Cardano development update is now live. Check out the key highlights from this week and get the latest on development progress in core technology, scaling, governance and education.👇https://t.co/EDnnnzSAbK — Input Output (@InputOutputHK) May 10, 2024 Conway Era Upgrades According to the report, the development team responsible for performance and tracing scrutinized benchmarks for the Conway era. This led to the incorporation of Delegate Representatives (DReps), tracing DRep data, and…
Shared sequencer solution Espresso will partner with Ethereum layer-2 scaling solution Polygon Labs to develop AggLayer (aggregation layer) in order to solve rollup interoperability. AggLayer was first introduced in January. It is designed to solve the fragmented liquidity problem in the blockchain space by centering scaling UX on one single, unified aggregation layer. AggLayer is similar to Risc Zero’s “Type 0” zkEVM, Zeth, a general-purpose programming language that can be EVM equivalent. Both solutions are designed to enable transaction verification across multiple chains. In the case of AggLayer, the protocol uses a process called “proof aggregation” to ensure that transactions…
The bounce was broad-based, with nearly all cryptocurrencies of the Coindesk Market Index up in the past 24 hours. Funding rates for some altcoins and memecoins turned deeply negative, potentially leading to a swift move higher in a short squeeze, QCP Capital noted. Crypto markets climbed higher Monday with bitcoin (BTC) nearing $67,000 as fears about a deeper correction allayed. Bitcoin, which underwent its quadrennial halving event during the weekend cutting the issuance of new supply in half, climbed over 3% over the past 24 hours, recently changing hands at $66,500. Ether (ETH) held steady near $3,200, but lagging with…
Arcium, the pioneer in parallelized confidential computing networks, has secured $5.5 million in strategic funding, led by Greenfield Capital, with participation from prominent investors like Coinbase, Heartcore Capital, Longhash VC, L2 Iterative Ventures, Staking Facilities, Smape Capital, and Everstake. This funding, totaling $9 million, will propel Arcium’s mission to provide a trustless framework for encrypted computations.—The funding round signifies a significant milestone for Arcium, founded by Yannik Schrade, Julian Deschler, Nicolas Schapeler, and Lukas Steiner, the team behind Elusiv. With a focus on zero-knowledge privacy protocols, Arcium aims to revolutionize data confidentiality across various sectors, including DeFi, DePIN, RWAs, and…