Author: NBTC
Redstone, a new Ethereum scaling network designed for fully on-chain games and “autonomous worlds,” launched its mainnet today—with a number of early games already available for play. Developed by Ethereum startup Lattice, Redstone was built via Optimism’s OP Stack scaling tech. But it’s much more than a rebranded riff on the layer-2 tech that also powers networks like Base and Zora—Redstone has been significantly retooled for the needs and demands of video games, particularly those that use blockchain for much more than asset ownership. “We’ve had core developers come along and make really cool contributions to the OP Stack,” Optimism…
Bitcoin, the leading cryptocurrency, spent April with declines. If the price cannot rise, BTC will have its worst close since November 2022 with a monthly close of over 12%. In addition, as Bitcoin prepares to close April with a decline, it will also break its 7-month winning streak. At this point, while BTC started the week with a decline, today it continued its downward trend and fell below $ 62,000. Il Capo of Crypto, who is known for his bearish views and is frequently criticized by investors with his bearish comments, made an evaluation after the recent decline in Bitcoin…
BlackRock’s BUIDL fund grew $70 million last week to take the top spot from Franklin Templeton’s BENJI offering, which saw minor outflows, blockchain data shows. Growth of Ondo Finance’s OUSG token was responsible for large part of the inflows. Asset management company BlackRock’s (BLK) tokenized asset fund BUIDL became the largest of its kind Tuesday, overtaking rival Franklin Templeton’s similar offering just six weeks after its debut. The BlackRock USD Institutional Digital Liquidity Fund, represented by the BUIDL token on the Ethereum (ETH) network and backed by U.S. Treasury bills, repo agreements and cash, now boasts $375 million of deposits…
Cardano (ADA) has marked another week of significant technological advancements, with IOHK, the development entity behind the project, unveiling notable progress. Updates reveal key improvements across various aspects of the platform, highlighting Cardano’s ongoing commitment to innovation and development. In core technology, efforts have focused on integrating the latest node release, v.8.10.0-pre, into SanchoNet for governance testing. Additionally, enhancements to test frameworks and data quality by the ledger team underscore Cardano’s dedication to ensuring platform stability and reliability. The forthcoming release of Lace v.1.9 promises users a range of new features and enhancements, while the Plutus team’s optimization guide for…
Blockchain gaming is seen as a hot narrative in crypto for 2024 by different industry players, such as Binance and CoinGecko. According to the latter, the total market cap of blockchain gaming tokens is over $18.6 billion. Delabs Games is one of the players building in this sector, focusing on an ecosystem built on the concept of assets that can be used in different games, called Asset Inventory System. Joonmo Kwon, founder and CEO at Delabs Games, shared with Crypto Briefing his thoughts on how blockchain technology could revolutionize the gaming industry, how gamers perceive this two-sector junction, and why…
The world witnessed unprecedented power grabs and supply chains disruptions over the past couple of years. The almost perfect alignment between big government, big banks and corporations should be a serious cause for concern across the agricultural sector. These moves represent no less than the most serious threats to our freedom and survival as businesses, probably even as individuals. If you stand for resilience and biodiversity, bitcoin should be a natural fit. Bitcoin ultimately protects biodiversity. Concentration of power and money had started long before the COVID hysteria took over the world. Corporatization of the agricultural sector has been my…
MicroStrategy stock was down 10% on Tuesday, while Coinbase and other crypto stocks also dumped. Bitcoin price traded to lows of $60,600 before seeing a slight recovery. MicroStrategy, Coinbase, Riot Platforms and Marathon Digital stocks are among crypto-related stocks seeing downside pressure amid Bitcoin’s price struggles. MicroStrategy stock dumps 10% Coinbase’s COIN was down 3% in early trading on Tuesday, hovering around $211.74 while MicroStrategy’s MSTR stock had dumped over 10% to $1,152. The share price of the Michael Saylor led company has declined more than 29% in the past 30 days. Today’s double-digit dump for the MicroStrategy stock price…
CryptoQuant analyst Maartunn has taken note of the largest influx of the USDC stablecoin in history. Earlier today, a staggering $1.4 billion worth of USDC was deposited to the Coinbase exchange. According to Maartunn, this might be a signal of strong buying pressure. Notably, such a massive USDC inflow also occurred in early 2023 when the Bitcoin price was nearing the bottom of the previous bearish cycle. At press time, Bitcoin is trading below the make-it-or-break-it $70,000 level after dropping by nearly 2% over the past 24 hours. More bullish predictions According to cryptocurrency trader Ali, the largest cryptocurrency has…
Bitcoin’s (BTC) price shambled post-halving, with consecutive losses and the first “red month” in April, after a 7-month green streak. In this context, the Bitcoin miners’ revenue in USD dropped to a 6-month low, slightly above $30 million. Finbold retrieved data from Blockchain.com on May 1, showing $30.17 million of miners’ revenue collected on April 30. Moreover, the 1-year chart illustrates this as the lowest revenue for Bitcoin miners in the past six months. Notably, the most significant drop occurred after Bitcoin’s fourth halving, when the block subsidy reward changed from 6.25 BTC to 3.125 BTC per mined block, drastically…
Top cryptocurrency exchange Coinbase is rolling out support for the Bitcoin Lightning Network, the company said on Tuesday. Immediately available on both its mobile and desktop platforms, Coinbase users will be able to choose between sending Bitcoin using the Bitcoin mainnet or the Lightning Network. Launched in 2018, the Lightning Network is a layer-2 protocol built on top of the Bitcoin network. The Lighting Network allows users to move BTC between wallets without needing to interact directly with the Bitcoin blockchain. Facilitating Coinbase’s integration of the Lightning Network is Los Angeles-based Lightspark. Established in 2022, the company offers enterprise-facing Lightning…