Author: NBTC
Over the past few months, Cardano founder Charles Hoskinson has showcased a number of new projects he has been working on. This includes a push to bring decentralized finance (DeFi) to Bitcoin (BTC) and Quantum Hosky. In a recent post on X, Charles Hoskinson stunned the crypto community with a cryptic post of a cryptographic hash. Making sense of post Without a single word to accompany the post, speculation has gripped the community. However, the most comprehensive probe came from X user @RealJohnSanti, who noted that the DeFi layer for Bitcoin with a zero-knowledge proof (ZKP) bridge between the top…
Elon Musk is embroiled in an ongoing dispute with the U.S. Securities and Exchange Commission (SEC). Musk’s lawyer, Alex Spiro, recently accused the SEC of a harassment campaign against Musk and his companies, including Neuralink. The SEC has given Musk a 48-hour ultimatum to settle and has issued subpoenas. In response to the SEC’s actions, Musk has gained support from industry leaders. Vivek Ramaswamy, recently appointed to the Department of Government Efficiency (DOGE), criticized the SEC for wasting government resources and frequently losing court cases due to their illegal and unconstitutional rule interpretations. He argued that the SEC’s actions are…
Bitcoin’s price surge drives mining machine demand, causing price hikes and severe supply shortages globally. Popular mining machines like Antminer S21 see a 30% price jump as global investors buy in bulk for Bitcoin mining profits. Low electricity costs in regions like Canada and Russia boost mining profits, fueling unprecedented demand for hardware. Bitcoin’s recent surge has triggered a massive global demand for mining machines. This demand has led to price hikes and severe supply shortages in key markets. In Shenzhen’s Huaqiangbei market, mining machine prices have climbed significantly. The popular Antminer S21 335T now costs $5,600. This marks a…
The Orochi Network, a top player in blockchain innovation, has started a thrilling collaboration with BitsCrunch. As per OrochiCrunch, the partnership targets to establish a more trustworthy and secure digital asset ecosystem while incentivizing community contributions via the X-ORO Beta token project. The platform took to social media to disclose this landmark development. 🐲 Orochi x @bitsCrunch ⚫️We’re officially ecosystem partners!Contribute to earn X-ORO Beta tokens: https://t.co/Retc5qyGgNBitsCrunch focuses on securing the NFT ecosystem. By Using AI-powered tools, they combat fraud, wash trading, and manipulation, ensuring trust,… pic.twitter.com/oZIMxabo4r — Orochi Network (@OrochiNetwork) December 17, 2024 Orochi Network and BitsCrunch Partner to…
Bitcoin has done it. After years of dizzying highs, crushing lows, and endless debates, the world’s leading cryptocurrency has crossed the $100,000 mark. It’s a monumental achievement for a digital asset once dismissed as a passing trend, but now the big question looms: where does Bitcoin go from here, where does FinTech go from here? Whether you’re an investor, a skeptic, or a curious onlooker, there’s no denying that Bitcoin’s next chapter promises to be just as intriguing as the last. Bitcoin and FinTech – The Future Looks Bright According to Petr Kozyakov, co-founder and CEO of Mercuryo, a London-based…
Charles Hoskinson, the founder of Cardano, recently proposed a conference for developers on the network. He wants this event to showcase the Cardano ecosystem and demonstrate its capabilities to the world. Hoskinson believes this will help address any doubts about the blockchain’s potential. In a post on X (formerly Twitter), Hoskinson asked the crypto community for suggestions on where to host this gathering. He proposed a million-dollar grant to cover travel and expenses for attendees. In response, Cardano Foundation technical director “KtorZ” mentioned two “builder fests” planned for 2025 in Vietnam and Argentina. However, Hoskinson clarified his vision in another…
The U.S. Senate Committee on Banking, Housing and Urban Affairs is set to vote on the renomination of anti-crypto SEC Commissioner Caroline Crenshaw on Dec. 18. The vote was initially supposed to be held earlier this week, but it was then postponed, jeopardizing Crenshaw’s chances to secure another term in the agency. If the committee votes in favor of her renomination this week, she will continue to serve as a commissioner until 2029. Crenshaw is known for being even more anti-crypto than SEC Chair Gary Gensler. She opposed green-lighting Bitcoin exchange-traded funds earlier this year, breaking with the agency’s boss.…
Kraken, the seventh-largest crypto exchange, said its layer-2 rollup network, built on top of the Ethereum blockchain, has gone live. The network, called Ink, is based on the OP stack, a customizable framework that lets developers build their own rollups using Optimism’s technology. The team had originally planned for Ink to go live in early 2025, so the launch of its main network is ahead of schedule. We’re excited to announce Ink is live on mainnet!Months ahead of schedule, we’re officially launching as part of the Optimism Superchain. This is just the beginning of our journey to bridge the gap…
Bitcoin forms converging triangles near $90K and $100K, signaling potential breakout levels. Analysts suggest Bitcoin might cross $100K multiple times before sustained gains. The $100K mark could act as both a key resistance level and a psychological milestone. Currently, the flagship Cryptocurrency is in the middle of the critical period and the important unprecedented convergence of the triangles indicates the essential movement of the price. The technical view has it that Bitcoin may range around that 100,000 levels several times before going up to areas. This pattern simply reinforces the fact that in the world of cryptocurrencies investors and traders…
On the surface, Ethereum (ETH) looks almost unchanged, with around 500K daily active wallets and daily transactions at a baseline level of around 1.3M. That’s because most of the Ethereum ecosystem’s growth in 2024 came from L2 chains. Ethereum’s importance in 2024 came from growth “hidden” in L2 chains. The main network carried up to 1.3M daily transactions, with no dramatic spikes in activity. However, Ethereum is as active as ever, only scaled by its busiest L2 chains. Throughput measures the number of transactions and their complexity. | Source: Growthepie L2 activity on the top 5 networks led to over…