Author: NBTC
Neutron, a popular Comos network-based blockchain, has announced the launch of its v5.1. As per Neutron, it is getting ready for the v5.1 version upgrade that is going to take place on the 12th of February to increase user experience. The platform disclosed this development on its official social media account. Neutron v5.1 Upgrade ⏫️A scheduled network upgrade will take place at block height 19947000, expected around 2 PM UTC on Feb. 12th.Live countdown: https://t.co/AIf66HRxTLUpgrade details ⤵️ — Neutron 🔀 (@Neutron_org) January 29, 2025 Neutron Announces v5.1 Upgrade to Increase Ecosystem’s Flexibility, Security, and Stability for Users Neutron revealed that…
Bitcoin extended its losses today, briefly dropping below $90,000 as investors dumped growth-oriented assets including cryptocurrencies and technology stocks. The largest cryptocurrency was last seen trading at $92,567.84, down 2% on the day, according to Coin Metrics. Bitcoin recently dropped to $89,259.00, marking a 9% drop in the past week. Ethereum fared worse, shedding 7%, while the broader crypto market as measured by leading indexes fell more than 5%. Shares of crypto-related companies also felt the impact, with Coinbase down 4%, MicroStrategy down 3%, and Marathon Digital Holdings and Core Scientific down 4% and 2% respectively. The cryptocurrency sell-off was…
An Ethereum-based “on-chain” clone of Michael Saylor’s $86 billion bitcoin (BTC) bet MicroStrategy has informed users of a “misconfigured” UI, which mistakenly sent 165 ether (ETH) of deposits to an unverified contract. Ether Strategy reassured users via X that the misplaced funds have since been transferred to the correct deposit contract. One of the project’s developers, ex-SushiSwap CTO Joseph Delong, replied, linking to a transaction of the funds being recovered. Read more: Why have MicroStrategy insiders been dumping MSTR? Ether Strategy aims to replicate MicroStrategy’s leveraged BTC play directly on the blockchain, with users receiving ETHSR tokens in return for…
The Black Swan author Nassim Taleb warns AI stocks investors of future setbacks. He pointed to Monday’s brutal selloff in Nvidia Corp., asserting that the backlash was just a taste of what’s in store for investors who blindly piled into Wall Street’s AI-driven stock rally. According to Nassim Taleb, future declines could be two or three times more significant than the 17% decline that Nvidia experienced. “The Black Swan” author Nassim Taleb is warning that Monday’s brutal selloff in Nvidia is just a taste of what’s in store https://t.co/KWCdjF4g4n — Bloomberg Markets (@markets) January 28, 2025 Notably, Nvidia’s stock price…
Tornado Cash co-founder Roman Storm’s cause has drawn support from the likes of venture capital firm Paradigm and the Electronic Frontier Foundation (EFF) as he faces prosecution in the U.S. for allegedly facilitating money laundering through the Ethereum-based crypto mixer. Paradigm announced that it would donate $1.25 million to support Storm’s legal defense, while the EFF has filed an amicus brief in support of the developer. Announcing the contribution to Storm’s legal fund, Paradigm co-founder Matt Huang called the charges an attack on software developers. “The prosecution’s case threatens to hold software developers criminally liable for the bad acts of…
South Korea’s leading cryptocurrency exchange Bithumb has announced that Cardano (ADA) deposits and withdrawals have been temporarily suspended due to an upcoming network hard fork upgrade. Bithumb to Temporarily Suspend ADA Deposits and Withdrawals for Network Upgrade The suspension aims to ensure stable deposit and withdrawal services for users during the transition. Key Details Affected Asset: Cardano (ADA) Suspension Start Time: January 29, 2025 (Wednesday) at 18:00 Suspension Reason: Network upgrade support and system maintenance Estimated Upgrade Time: 30 January 2025 (Thursday) at 06:45 Deposit/Withdrawal Restart: Services will be restored with a follow-up announcement by Bithumb once network stability is…
OpenOcean now supports Sky Ecosystem on Ethereum and Base, enabling efficient trading of USDS, sUSDS, and USDC across multiple blockchain networks. Sky Ecosystem, formerly MakerDAO, is migrating MKR to SKY, aiming for a seamless transition with a 24,000 SKY per MKR wrapper conversion. OpenOcean, a prominent aggregator for digital asset trading, now officially supports Sky Ecosystem on the Ethereum and Base networks. This choice gives users more chances to effectively trade USDS, sUSDS, and USDC tokens. Easier Access to Sky Ecosystem The support of OpenOcean for Sky Ecosystem opens the path for more traders to reach further depths of liquidity.…
The past week has seen a pronounced shift in the level of optimism around Ethereum. Across sequencing, interoperability and consensus development, teams are working under wartime conditions to standardize, consolidate and deliver on Ethereum’s rollup-centric roadmap. The urgency isn’t just about speed, but about coordination: making sure the protocol evolves in a way that’s both extensible and durable. That was the message from Optimism’s Ben Jones, Ethereum Foundation researcher Justin Drake, and others on a recent developer call. Although superficially gathering to chat sequencing and preconfirmations, the call was primarily an exercise in ecosystem alignment. That spirit has carried on…
VC funding in January is on track to grow by 100% compared to the same month in 2024. To date, deals amounted to $1.14B, the usual pace for the most recent successful quarter. Crypto VC deals continued at a higher baseline for the first month of the new year, extending the growth from the last quarter of 2024. In January, VC funding to date reached $1.14B, on track to post 100% growth compared to January 2024. The data varied based on the inclusion of crypto deals. Funding included a mix of seed rounds and advanced-stage inflows, with undisclosed rounds producing…
The meme coin known as Official Trump has skyrocketed in value since its launch on Jan. 17, reaching $38.31 at last check Sunday — one day before the U.S. presidential inauguration. The cryptocurrency (TRUMP), which President-elect Donald Trump launched as an homage to himself, is quickly gaining traction in the digital asset space, with trading volumes surging on major platforms like Binance and OKX, where it is listed. The coin’s rally reflects a growing appetite for meme coins backed or launched by famous individuals. The downside is that these types of assets often experience speculative booms due to their viral…