Author: NBTC
Justin Bons sparked controversy by claiming that layer-2 solutions do not effectively scale blockchains, and they merely divert traffic from the main chain to compete for fees. Bons argued that limiting layer-1 capacity in favor of layer-2 is a misguided approach born of corruption. Layer-1 blockchains, such as Ethereum, process transactions directly on the main chain, while layer-2 solutions, such as Arbitrum, build to increase transaction speed and reduce costs. You cannot scale a blockchain through L2sAs it routes traffic away from the chain instead of actually scaling itIn reality, L2s are parasitically in competition with the L1 over fees!This…
Bitcoin price is slowly losing momentum and struggling below $70,000. BTC is now consolidating and facing hurdles near the $69,500 resistance zone. Bitcoin is facing many key hurdles near the $70,000 zone. The price is trading above $69,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $69,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down if it stays below the $70,000 zone. Bitcoin Price Stuck Below $70K Bitcoin price found support above the $66,000 level and started another increase.…
Anzen Finance, the creator of a new and unique real-world asset (RWA) backed stablecoin, has begun offering the ability to stake USDz and earn rewards. For this, the project has been working with DeFi protocols to launch its StableAMM pools.—USDz staking went live last week. Currently, users are earning as much as 55% APY in rewards for staking their USDz on Ethereum mainnet. Staking epochs start anew every Monday and run for a week, and epoch rewards are distributed in real-time. To earn maximum rewards, which automatically compound into each user’s balance, USDz must be staked for the entire week.While…
Argentinian President Javier Milei has expressed his support for the free competition of currencies, including Bitcoin. This announcement has been well received by many in the cryptocurrency community. However, Max Keiser, a well-known Bitcoin advocate and advisor to the president of El Salvador, has advised Milei to be cautious about including other cryptocurrencies, such as Ethereum. Keiser has described ETH as a scam, warning that its inclusion could slow Argentina’s progress in the digital currency sector. He suggests that while Milei’s endorsement of BTC is a positive step, the president should reconsider his stance on supporting multiple cryptocurrencies. According to…
Shares of GameStop (GME) are hovering around the $24.50 mark on Thursday, down less than 1% on the day amid a broader market downturn for the stock, which has shed roughly 8% of its value over the past week. The recent lull in GME’s price coincides with a noticeable absence from a key figure in the 2021 “meme stock” frenzy: Keith Gill, better known online as Roaring Kitty and DeepFuckingValue. Gill, whose passionate social media advocacy for GME fueled a historic short squeeze, has been uncharacteristically quiet lately after helping to drive up the price in recent weeks. Last week,…
Solly meme coin is one of the latest additions to the Solana meme coin landscape. However, a look into the project’s on-chain activity reveals a worrying fact. Its developer has made an enormous purchase, capturing 95% of the meme’s supply in his own hands, as reported by LookOnChain, which opens up numerous ways to manipulate the market. Based on recent data, four wallets connected to the Solly development team purchased 950 million SOLLY tokens for 152 SOL, or about $24,000. With this acquisition, which accounts for 95% of SOLLY’s total supply, the developer gains almost total control over the token’s…
A Nigerian court has dismissed the fundamental rights enforcement suit filed by Nadeem Anjarwalla, an executive of Binance Holdings Ltd, the local media publication Vanguard reported. This turn of events occurred following Anjarwalla’s escape from lawful custody to Kenya. This case, which involved claims against the National Security Adviser (NSA) and the Economic and Financial Crimes Commission (EFCC), highlights the complexities and challenges in high-profile legal battles. Nadeem Anjarwalla, Binance’s Africa regional manager, alongside his colleague Tigran Gambaryan, had filed suits seeking their release from detention by the NSA and EFCC. The duo had earlier been arrested in Nigeria to…
Key Points: Binance integrates USDT with the Toncoin Network for seamless transactions. Users can now deposit and withdraw USDT with improved speed and efficiency. Collaboration enhances Binance’s global cryptocurrency trading capabilities. Binance launches USDT integration in the Toncoin Network and opened recharge and withdrawal services. Binance users can now seamlessly use USDT on the Toncoin Network for deposit and withdrawal transactions. USDT integration will improve the accessibility and efficiency of USDT transactions on the Binance ecosystem. In essence, users will witness faster, cheaper transfers of their USDT tokens while unlocking certain abilities provided by the Toncoin Network. This step basically…
Ethereum layer-2 blockchain Mode has officially integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) today as its interoperability standard. The integration provides Mode with Chainlink’s interoperability features, including Programmable Token Transfers and cross-chain Arbitrary Messaging, which are essential for a diverse range of decentralized finance (DeFi) and real-world asset (RWA) applications. “Choosing the only interoperability solution with level-5 security as canonical cross-chain infrastructure can accelerate the long-term growth and adoption of Mode,” stated James Ross, Core Contributor at Mode. Ross also highlighted the importance of Chainlink CCIP’s advanced features and the ease of deployment for developers within the Mode ecosystem. Chainlink’s CCIP…
Argentinian regulators have been talking to their counterparts in El Salvador about Bitcoin (BTC) adoption, the National Securities Commission of Argentina (CNV) confirmed this weekend. Per an official notice from the Argentinian CNV and a report from Criptonoticias, top officials met the head of El Salvador’s National Digital Assets Commission last week. Officials said the countries are “evaluating possible cooperation agreements” on digital assets-related issues. El Salvador an ‘Example’ as Argentinian Regulators Talk Bitcoin? High-ranking CNV officials have visited El Salvador to “learn how” the government regulates BTC. Criptonoticias remarked that the nations were forging an “alliance, with Bitcoin at…