Author: NBTC
General Updates Neo Global Development released the general monthly report for Feb. 2024, which noted Da Hongfei’s article about MEV-resistance, the MEV-resistance community campaign on Meme2Earn, the unveiling of the eight projects joining the Web3.0 Global Acceleration Program, the Lunar New Year NFT reward campaign, the Smart Economy Podcast meetup at ETHDenver, and more. NGD Head of Eco Growth John Wang participated in a panel entitled Constructing the Public Chain Ecosystem in Asia at the Hong Kong Web 3.0 Spring Summit. Neo hosted a booth at the Hong Kong Web3 Festival, where participants could compete for GAS prizes in a…
Foundry, a digital assets mining and staking company, has announced that it plans to monetize what it has called the “epic satoshi,” the first satoshi of the halving block, via Ordinals. If the company mines it through its mining pool, it plans to distribute the proceeds to its members based on the hashrate on the day of the bitcoin halving. Foundry Aims to Monetize Bitcoin Halving ‘Epic Satoshi’ Mining companies now seek to extract extra value from their operations using Ordinals. Foundry, a New York-based digital mining and staking company, reported that if it produces the Bitcoin halving block, it…
BRC-20 tokens have been the talk of the Bitcoin space over the last year, as the Ordinals protocol that let users inscribe NFT-like assets on the chain could also be used to launch fungible tokens. But a new Bitcoin fungible token standard called Runes is on the horizon, and leading wallet Xverse is gearing up to support it. The Runes protocol, developed by Ordinals protocol creator Casey Rodarmor, is designed to provide a more efficient way to mint and transact fungible tokens deployed on Bitcoin. The protocol is set to debut on mainnet alongside the Bitcoin halving in April. On…
The educational NFT-based crypto trading game Banksters has celebrated the upcoming launch of its Mainnet with a new airdrop that rewards its most active and best performing players. In the first-of-its-kind contest, Banksters pitted its users against each other to compete for one of 1,000 exclusive NFTs that were awarded based on their activity level throughout the duration of the competition. The event ran from April 3 to April 17, and ended up with the 1,000 highest-rated Banksters’ players receiving an airdropped NFT showcasing various traits and levels of rarity. The NFTs were valued at a combined 100,000 USDT. ‘…
Last month, news broke that the U.S. Securities and Exchange Commission (SEC) had subpoenaed the Ethereum Foundation in a seeming first move in preparing a potential lawsuit. At this point, all the world knows, really, is that some “state authority” had made contact, the organizing force behind the creation of second-largest cryptocurrency ether (ETH), according to the missing “canary” on the for-profit foundation. Consensys, the Brooklyn-based incubator that has developed a number of core tools for the Ethereum ecosystem, including the largest non-custodial wallet MetaMask, node infrastructure service Infura as well as clients like Besu and Teku. To a large…
A staggering 91% of meme coins on Coinbase’s Base platform have been found to have security vulnerabilities, putting users at risk of significant losses. This comes after the Dencun upgrade, which has seen a surge in user numbers, transactions, and total value locked on Base. It resembles the activity fueled by degenerate gambling on Solana’s L1 blockchain. Coinbase’s Base Meme Coins Suspected of Scam A new study analyzed 1,000 new Base tokens, primarily meme coins, launched between March 19 and March 25. The analysis revealed that 908 projects failed to meet one or more fundamental security measures. These include locked…
Upcoming Bitcoin halving may lead to mining power centralization and innovation as miners adapt to new profitability challenges. The post This Bitcoin halving could lead to greater mining power centralization: Bitfinex analyst appeared first on Crypto Briefing. Halving pressures Bitcoin miners to seek efficiency and innovation. This Bitcoin halving could lead to greater mining power centralization: Bitfinex analyst The Bitcoin (BTC) halving is poised to reshape the mining landscape, potentially leading to greater centralization of power. Jag Kooner, Head of Derivatives at Bitfinex, estimates the anticipated squeeze on miners’ profit margins could force smaller operations to exit, leaving the field…
Bitcoin ETFs continued their strong performance on March 13, with a net inflow of $683.7 million, according to data from Bitmex Research. This marks another positive day for Bitcoin ETFs, following the surge in inflows seen on March 12. Per Bitmex Research ETF flow data, BlackRock’s iShares Bitcoin ETF (IBIT) again led the way, attracting $586.5 million in new investments. Fidelity’s FBTC fund also maintained its momentum, with inflows of $281.5 million. Other Newborn Nine ETFs that experienced significant inflows include Bitwise’s BITB fund ($5.6 million) and ARK Invest’s ARKB fund ($44.6 million). Franklin Templeton EZBC fund saw a strong…
Boxing legend Mike Tyson has partnered with the blockchain project for boxers Ready To Fight. According to a press release, the strategic alliance comes as Ready To Fight (RTF) prepares to list its own RTF token on four cryptocurrency exchanges. Tyson has joined the platform as a brand ambassador to “revolutionize the boxing ecosystem.” “In a significant endorsement of RTF’s mission to revolutionize the sport, boxing legend Mike Tyson has joined the platform as a brand ambassador. Tyson’s legendary status and global appeal are expected to significantly extend RTF’s reach, captivating and inspiring an international audience of boxing enthusiasts.” Ready…
Ethereum (ETH) is leaping beyond its primary role as the second-largest digital currency by market cap as it is outpacing some S&P 500 firms in a unique metric. According to an update from crypto analytics platform Token Terminal, Ethereum is currently ranked 16th in terms of buyback yield. According to the list shared by the platform, Ethereum outshines some big names on the list, including Elon Musk’s electric car manufacturing giant Tesla Inc and multinational banking giant JPMorgan Chase. This feat shows Ethereum goes beyond just its role as a smart contracts enabler; it also has what it takes to…