Author: NBTC
Bitcoin is now stepping into the DeFi space with the introduction of BRC-20 tokens and Ordinals. The Taproot upgrade has made this possible by allowing the creation of decentralised applications (DApps) on the Bitcoin blockchain. This change enhances Bitcoin’s potential, enabling it to offer diverse financial services. These include decentralized exchanges, automated loan platforms, and non-fungible tokens (NFTs). However, challenges remain. Scalability and transaction fees are major concerns. The increased transaction load from BRC-20 tokens and Ordinals could worsen these issues. Solutions like Layer-2 protocols and sidechains, such as the Lightning Network, Stacks, and Rootstock, are crucial. They help improve…
Even though he could not pronounce it correctly the first time, Elon Musk confirms he is aware of Dogwifhat, the meme token launched on the Solana network. Musk referred to it as “Dog-WiFi-hat” during the stream, showing that even the tech mogul is not immune to the quirks of the crypto meme. A few months ago, one of the most popular memes was Dogwifhat, which is represented by the symbol WIF. Thanks to its humorous branding, its popularity skyrocketed. But recently its value and attention had decreased, much like that of many meme tokens. The token was briefly back in…
The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…
While wrapped digital assets have enabled the bridging of assets and expanded their utility, their perceived need for custodianship reintroduces centralization risks and trust dependencies. This contradicts the decentralized ethos of blockchain technology, according to Chris Li, founder and CTO of Ava Protocol. Attaining Utility While Preserving the Core Principles of Decentralization Li told Bitcoin.com News that he views wrapped assets as transitional solutions. He also predicts that emerging solutions like atomic swaps, cross-chain bridges, and zero-proof technology will likely supersede wrapped assets. These solutions, he argued, achieve the same objective of preserving the core principles of decentralization and trustlessness.…
BabyDoge partners with Tangem for an exclusive hardware wallet, boosting security for users. Baby Doge Coin’s price fell by about 1.32%, following Bitcoin’s market movement. Baby Doge Coin, the leading meme coin recently made waves in the crypto market with its price rally and new listing expectation. Additionally today it has announced a new partnership. According to a recent post by BabyDoge, the coin has teamed up with Tangem, a company renowned for its secure hardware wallets. This collaboration aims to offer an exclusive BabyDoge-branded hardware wallet, combining Tangem’s cutting-edge technology with Baby Doge Coin’s energetic community. 𝗕𝗮𝗯𝘆𝗗𝗼𝗴𝗲 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀 𝘄𝗶𝘁𝗵…
Jack Mallers, Founder and CEO of Bitcoin startup Strike, began his keynote at BTC Prague 2024 by emphasizing the theme of leveling up the understanding of Bitcoin. Mallers acknowledges the frequent questions regarding the differences between Bitcoin and other cryptocurrencies, such as Ethereum and Solana, and the possibility of a “flippening” where another cryptocurrency might surpass Bitcoin. Mallers ambitiously titles his talk “There Is No Second Best” and aims to deeply explore the differences between Bitcoin and all other cryptocurrencies. Mallers explains that the primary differentiator between Bitcoin and other cryptocurrencies is the use of proof of work. According to…
Long term Bitcoin bull and MicroStrategy’s executive chairman Michael Saylor has published a Bitcoin message to the BTC community after the news spread about the US Securities and Exchange issuing approval of spot Ethereum exchange-traded funds. Saylor still expects Bitcoin to beat Ethereum and all other rivals in the market, according to his tweet. Saylor’s “Bitcoin Godzilla” message Prominent Bitcoin maximalist Saylor posted a “BTC bullish” response to the rejoiced crypto community: “All your models are destroyed when Godzilla arrives. #Bitcoin” along with an image of the movie-based monster crashing everything around itself. The Godzilla image has a BTC mascot…
The petition to create the Shiba Inu ETF (SHIB) is just 300 signatures away from reaching the main goal of 10,000. This was announced by popular Shiba Inu community figure Heber MAYEN on social media X. Mayen made this known while reacting to a tweet from SHIB BPP regarding the petition on Change.org, directed to Grayscale Investments CEO Michael SONNENSHEIN. SHIB BPP is promoting a petition on X, urging members of the Shiba Inu community to sign it. According to a community influencer, June 8 marked the 58th day of asking the community to sign the petition. There are currently…
The traditional British magazine, The Spectator, may have contributed to another “Bitcoin obituary” in 2024, slamming it as a threat and a “Ponzi scheme.” In a scathing article published on May 24, The Spectator‘s Ross Clark criticized Bitcoin’s (BTC) resurgence for retail investing. Particularly, Clark highlighted the cryptocurrency‘s volatility and ability to create and destroy fortunes rapidly, questioning its intrinsic value and stability. The author pointed out Bitcoin’s remarkable recovery since January, despite the conviction of Sam Bankman-Fried, founder of FTX. Moreover, Clark attributed this recovery to the Grayscale Bitcoin Trust, an exchange-traded fund (ETF) that simplifies Bitcoin for retail…
Cardano Node 9.0 will launch in June. This update will prepare the blockchain platform for the long-awaited Chang fork. Cardano founder Charles HOSKINSON reported the event on X. Hoskinson mentioned that the hard fork can occur once 70% of the Stake Pool Operators (SPOs) install the new node. This will propel Cardano into the Voltaire era, marking a state of full decentralization — a huge milestone for the network and the entire blockchain industry. Hoskinson called it the most significant event in Cardano’s history. Hoskinson described the development path over the past decade, saying that the creation of Cardano was…