Author: NBTC
Suku links up with the Chainlink BUILD program for speeding up the expansion of the ecosystem and acceptance of blockchain related money transfers, internationally. This is made possible through receiving connectivity with Chainlink’s oracle solutions and technical backing. In return, SUku will be able to offer network fees to the Chainlink community, service providers, and stakers. SukuPay is a service built by Suku that is a convenient method of making payments and exchanging phone numbers for decentralized wallets. This includes 150 countries sans the need for apps, passwords, or user names. These are in the form of international money shifting…
Key Points: BNB Chain and Binance Labs have launched the BNB Incubation Alliance (BIA) to support early-stage blockchain projects globally through collaborative efforts with top venture capital firms. The BIA will host global offline events focused on nominated projects, offering opportunities for networking, mentorship, and potential investment from Binance Labs and BNB grants. BNB Chain and Binance Labs have launched the BNB Incubation Alliance (BIA) to bolster early-stage blockchain projects worldwide. BNB Chain and Binance Labs Launch BNB Incubation Alliance BNB Incubation Alliance aims to accelerate development through a series of global activities and collaborations with top venture capital firms…
Binance Smart Chain’s ‘biggest’ NFT artist is suing Elon Musk’s X Corp after the social media giant suspended his accounts, allegedly ignoring its own policy and costing him his livelihood. Jeremy Ryan, aka ‘NFT Demon,’ filed a lawsuit in California on Wednesday in which he accuses X (formerly Twitter) of unfairly suspending his seven accounts and ‘severely’ damaging his crypto and NFT businesses. Ryan, who became an NFT artist after surviving brain cancer, says his record of minted art makes him the largest NFT artist on the Binance Smart Chain. His work has attracted support from numerous celebrities including John…
Venezuelan Bitcoin miners halt operations as government disconnects power, citing strain on national electrical infrastructure. Miners consider gas-flaring energy as an alternative to bypass national grid and revive Bitcoin mining operations. In Venezuela, once a burgeoning hub for Bitcoin mining, the industry faces severe setbacks due to lack of energy resources and governmental support. The once-thriving mining farms have fallen silent, with the government disconnecting them from the national electric system, citing the industry’s strain on the power supply which purportedly causes frequent outages affecting the populace. Government Stance and Industry Shutdown The Venezuelan government’s decision to disconnect Bitcoin mining…
The Pyth Network maintains its goal of providing global smart contract developers with access to financial data. In keeping with this perspective, the Oracle Network has introduced the GMCI 30 Index Price Feed, which gives more than 60 blockchain ecosystems access to the GMCI crypto market price index, also known as the “GM 30.” Permissionless integration is available with the GMCI 30 feed and all Pyth 540+ price feeds. DeFi applications may operate based on the GM 30’s real-time price. This blog delves into the GM 30’s design, while Pyth broadens the index’s reach to include several blockchains. The GMCI…
Prominent trader Peter Brandt has predicted that the Bitcoin price could potentially reach a whopping $150,000 during the ongoing bullish cycle. Brandt has noted that the highs of Bitcoin’s previous two cycles line up well against an inverted parabolic curve. He expects the flagship cryptocurrency to hit the aforementioned price target if this tendency continues. At the same time, Brandt has warned that his method of analysis is not “fool-proof,” which is why traders should exercise caution. Brandt has also warned that there is a 25% probability that the leading cryptocurrency has already reached the apex of this cycle. “Should…
Polygon Labs has announced that it has received ISO 27001 certification. According to a Polygon blog, Schellman Compliance externally audited the certification and confirmed that its information security management system (ISMS) complies with ISO standards. ISO 27001 is a globally recognized information security standard that defines the requirements for creating, implementing, maintaining, and continuously improving ISMSs. Organizations use an ISMS to systematically manage information security risks to ensure asset confidentiality, integrity, and availability. By this standard, obtaining an ISO 27001 license means that Polygon Labs is committed to maintaining high information security standards. “Robust security processes and continuous improvement have…
Shenzhen-headquartered telecommunications equipment company Coolpad Group has announced the purchase of $13.5 million worth of crypto mining rigs. Coolpad Group, a public Chinese telecom provider listed on the Hong Kong Stock Exchange, said in a regulatory filing it has allocated over HK$106 million (around $13.5 million) to purchase Bitcoin mining rigs as the firm now “actively pursues opportunities in web 3.0 digital currency business.” As per the document, Coolpad plans to acquire 2,700 crypto mining rigs from Hong Kong-based JingYun Intelligent Technology Limited, with deployment slated for North America. The document doesn’t specify the manufacturer of the equipment. This investment…
Fhenix, a prominent layer 2 platform that uses FHE cryptography to let Ethereum developers, has started a new collaboration. As per the platform, it is joining forces with Privasea (a top player in FHEML-centered AI+DePIN computing) to advance secure AI app development using the FHE technology. The company shared a comprehensive blog post disclosing the details of the partnership. Fhenix and Privasea Collaborate to Improve the Safe AI App Development The company noted that a great data amount regularly moves online, pointing toward the requirement for technologies regarding data privacy. In addition to this, the requirement to secure digital sovereignty…
At this moment, Tesla’s Elon Musk holds the title of the wealthiest individual on the planet, as reported by the Forbes Real Time Billionaires list on June 1, 2024. However, there exists a potential future where Bitcoin’s creator, Satoshi Nakamoto, could surpass Musk’s fortune. Given the current value of BTC, the price would need to increase by just 210% for the anonymous creator of Bitcoin to become the wealthiest person globally. Could Bitcoin’s Creator Overtake Elon Musk? A 210% Bitcoin Increase Holds the Answer Elon Musk is a prominent business magnate, investor, and entrepreneur renowned for his transformative impact on…