Author: NBTC
In a significant move towards enriching the user experience in the rapidly expanding Web3 space, Coin98 has announced the integration of Zora Network into its latest offerings. Zora Network, a Layer 2 scaling solution built on Ethereum, promises to revolutionize the landscape of blockchain technology, particularly in the realm of non-fungible tokens (NFTs). Unveiled in June 2023, Zora Network has quickly garnered attention for its innovative approach to addressing the limitations of traditional blockchain infrastructure. Developed by Zora, the network boasts compatibility with the Ethereum Virtual Machine (EVM) and prioritizes speed, cost-efficiency, and scalability. However, what truly sets Zora apart…
Anthony Scaramucci, founder of SkyBridge Capital, has taken to his X/Twitter account to publish a post about Bitcoin. He has stressed the importance of owning this leading digital currency now, after recent major developments. He stated that holding Bitcoin is not a question of courage anymore, but it is a “question of brains” now. It took guts to own #Bitcoin before now. From here out it’s a question of brains. — Anthony Scaramucci (@Scaramucci) April 24, 2024 Scaramucci is likely emphasizing the fact that not only the spot ETFs have created an additional demand for BTC but also the halving…
Robinhood (HOOD) saw first quarter notional crypto trading volume of $36 billion, up 224% from year-ago levels. That led to a 232% increase in crypto-related a revenue to $126 million, a primary factor, said the company, in driving overall first quarter transaction-based revenue up 59% year-over-year to $329 million. Robinhood had $26.2 billion in user’s crypto in custody as of March 31, a 78% jump from the end of 2023. The larger transaction revenue due to crypto trading isn’t surprising as another publicly traded crypto peer, Coinbase (COIN), also reported “blowout” first quarter numbers due to improving crypto market conditions.…
X’s (formerly Twitter) AI, Grok, has opened up new possibilities for cryptocurrency enthusiasts. With a nod towards enhancing user financial interactions, Grok suggested that users can engage in Dogecoin (DOGE) transactions directly through the platform. This notion hints at X’s leap into the cryptocurrency market, placing Dogecoin alongside traditional payment methods. Grok Suggests Dogecoin Payments on X (Twitter) When asked, “Can I send or receive DOGE on X?,” the mobile version of Grok said the process is remarkably straightforward for those looking to engage in DOGE transactions. According to X’s generative AI, users wishing to send Dogecoin must first ensure…
Last month’s FCC vote to restore net neutrality rules is a welcome example of forward-looking, innovation-friendly regulation. Rules aimed at ensuring an open internet are a model for the kind of regulation that champions innovation in the digital era and exemplifies core American values. Other regulators would do well to take note. Opponents of net neutrality like to argue that rules guaranteeing equal access aren’t necessary (go back and watch John Oliver’s reports for an excellent refresher). They claim the old rules were perfectly suited for oversight of the modern internet, even though those rules were written for old-school telephone…
Base attracts the most capital among Ethereum Layer 2 chains, surpasses deposits to Arbitrum and Optimism. Base has recorded an inflow of over 6,500 Ether, worth nearly $20 million this week. The volume of daily contracts deployed on Base climbed to 9,000 on Tuesday. Base, Coinbase’s Ethereum Layer 2 chain, has noted a spike in inflows to its blockchain this week. Nearly $20 million in Ether flowed into Base since Monday, nearly two times that of Arbitrum and five times as much as Optimism, its competitors in the scaling ecosystem. Base chain has recorded an increase in the volume of…
The average Bitcoin (BTC) dormancy has surged to a 13-year high, according to recent data shared by Ki Young Ju, the CEO of CryptoQuant. This uptick in dormancy suggests a significant transfer of older Bitcoins to new holders, potentially reshaping the cryptocurrency’s ownership landscape. On March 23, Bitcoin’s Average Dormancy reached a level of 227.684, as indicated by a chart shared by Ki Young Ju on X. Average Dormancy is a metric that represents the average number of “destroyed days” of moved coins. This figure is calculated by dividing Coin Days Destroyed (CDD) by the total movement of coins. #Bitcoin’s…
An illegal XRP exchange operator has been sentenced to jail for eight years in South Korea after duping investors out of almost $3.4 million. The unnamed operator stole almost $2 million of the total from one individual, prosecutors explained in a trial at the Seoul High Court. Illegal XRP Exchange Told Customers it Had a Deal With Ripple The court upheld the verdict of a Seoul District Court. This court earlier sentenced the operator to 12 years in jail, Namdo Ilbo reported. However, the High Court judge ruled that the operator had taken steps to compensate one of their victims,…
Solana DePIN Ambient, a pioneering decentralized ambient intelligence platform, has successfully raised funds in a pre-token launch fundraising round. This significant milestone comes as the platform prepares for its official token launch and underscores investor confidence in Solana DePIN Ambient’s vision of revolutionizing ambient computing and data processing. In a strategic move aimed at bolstering its capabilities, Solana DePIN Ambient has also announced the acquisition of PlanetWatch’s network, a leading provider of environmental monitoring solutions powered by blockchain technology. The pre-token launch fundraising round saw participation from various investors, including venture capital firms, strategic partners, and prominent individuals within the…
Bitcoin payments app Strike is now available to customers in Europe. The firm has been on an expansion streak recently, launching in several countries globally, most recently in the African region. Strike, the payments application using the Bitcoin blockchain, has launched in Europe, allowing customers to buy, sell and withdraw bitcoin (BTC) in the region, it announced Wednesday. The company recently expanded its services to Africa and is already rolled out in Asia, the Caribbean and Latin America. Customers can check their local iOS or Android app store to see if the app is available in their country as some…