Author: NBTC

Blockchain can be complicated even for those who know what they’re doing. Account abstraction is here to help by making transactions easier. Prom is one platform that is working to make Web3 easier and more user-friendly by building account abstraction into their products to make blockchain tech more accessible and efficient for everyone. What is Account Abstraction? Account abstraction is a new way to simplify managing user accounts on the blockchain. There are two types of accounts: Externally Owned Accounts (EOAs) controlled by private keys and Contract Accounts (CAs) which are smart contracts. EOAs are used by individuals for transactions…

While Bitcoin reached a new ATH in March, breaking its previous ATH of $69,000, it subsequently fell sharply. While the selling pressure of long-term investors was effective in these declines, recent data indicating that the selling pressure in BTC has decreased has increased bullish expectations. At this point, while investors are waiting for a new ATH from BTC in the short term, 10X Research founder Markus Thielen, who is very successful in his predictions, announced the events that will take Bitcoin to the new ATH. Pointing out that June inflation data is important for Bitcoin, Thielen claimed that if CPI…

As the hotly anticipated GameStop annual shareholders meeting nears on Monday, the video game retailer’s stock opened relatively flat in morning trading but then started to dip. GME is currently trading at $27.51 as of this writing, down over 4% from Friday’s closing price. GameStop’s shareholders meeting was postponed last week after the stream experienced technical difficulties due to overwhelming demand from traders eager to hear about the company’s next moves—including a rumored, but as yet unconfirmed addition of bull trader Roaring Kitty (aka Keith Gill) to the board. The annual meeting of stockholders was scheduled to take place on…

The Terra Classic community is currently engaged in a pivotal vote on a proposal aimed at reviewing the LUNC burn tax to fund the Oracle pool. The ongoing proposal has roots in an earlier proposition, Proposal 12098, presented by StrathCole in April. While the community endorsed this initial proposal, it served only to express support for the idea rather than implement it. Background and Details of Proposal 12098 Proposal 12098 suggested a modification in the allocation of the burn tax, keeping both the tax rate and the portion designated for burning unchanged. Currently, Terra Classic imposes a burn tax of…

Base, which is a Coinbase nurtured Ethereum layer 2 network, is now a fiery competitor in the Ethereum rollup scenario, gaining an enormous user base via SocialFi apps, on its platform, like Friend.tech, Aerodrome, a sought-after decentralized exchange and Moonwell, a lending protocol. It also initiated the mining of its genesis block. Base is known to possess its networks created on top, which include meme coin oriented Degen Chain, which helps boost the tokens incorporated by social network, Farcaster, in the form of its currency. As per Franklin Templeton, an asset manager, Base incorporating SocialFi stands for almost 50% of…

Bitcoin’s ecosystem is changing due to new tech and high fees, demanding scalability solutions. Recent findings from Binance stress the pressing need to tackle Bitcoin’s scalability challenges. Bitcoin’s ecosystem is changing because of new technologies and rising transaction fees. It is getting clearer that Bitcoin has a scalability issue. Innovations in the ecosystem, highlighted in a recent report from Binance, reveal an urgent need to address Bitcoin’s (BTC) scalability issues. BTC scalability compared to Ethereum Ethereum (ETH) is valued at $450 billion, with $45 billion in total value locked (TVL) across its Layer-2 (L2) solutions, representing about 10% of its…

Cumberland DRW, a major digital asset trader and liquidity provider, said on Monday that the New York State Department of Financial Services (NYDFS) granted its New York-based entity a virtual currency license called BitLicense. “We are pleased that the New York State Department of Financial Services has granted Cumberland New York a BitLicense,” the company’s official X account posted. “As one of the only principal trading firms to hold a BitLicense, we look forward to strong trading relationships with institutional New York counterparties,” the company added. BitLicense is New York’s landmark regulation for cryptocurrency-focused businesses put in place in 2015.…

Politifi memecoin project MAGAA told crypto.news of possible plans to launch on Solana in a bid to throw more weight behind Donald Trump’s campaign. Political-theme memecoins have featured among new memecoin market entrants this year. Most tokens like BODEN and TRUMP have been simple caricatures of known figures in Washington. Such ideas have garnered hundreds of thousands to millions in liquidity and market valuation, riding on memetic hype and speculation. However, Make America Great Again, Again! (MAGAA) aims to change the narrative by attempting to pioneer a so-called “politii” paradigm out of the memecoin craze gripping crypto. MAGAA: Memecoin or…

Decentralized Physical Infrastructure Networks (DePin) are transforming the tech by enabling decentralized projects in real-world infrastructure. Here’s what happened recently in the DePin sector: Minima has launched the world’s first on-chain race data logger for the McLaren GT4 supercar, SEALCOIN introduced a new IoT platform supported by strategic investment from The Hashgraph Association, Particle Network Joined Peaq Ecosystem. Minima Debuts Blockchain-Powered Data Logger for McLaren GT4 Minima has successfully powered the world’s first on-chain race data logger for the McLaren GT4 supercar. This technology debuted at the renowned Spa-Francorchamps circuit, marking a massive advancement in motorsport data management. The data…

What’s MEV? For the uninitiated, Maximal Extractable Value (MEV) involves various techniques used by market actors to capture additional value by exploiting price inefficiencies in blockchain transactions. One naive form of MEV is called “transaction sniping.” Most recently, manifestations of this phenomenon have begun populating your local Bitcoin memepools because of ordinals trading. Without going into too much detail, the way on-chain trading currently works is through the use of pre-signed Bitcoin transactions (PSBTs). The concept is simple: some users list pictures on a marketplace by crafting a transaction with the details and the price they would like to sell…