Author: NBTC
US senators Cynthia Lummis and Kirsten Gillibrand have jointly unveiled bipartisan legislation aimed at creating a clear regulatory framework for payment stablecoins, according to an April 17 statement. Dubbed the Lummis-Gillibrand Payments Stablecoin Act, the proposed law wants to “protect consumers, enable innovation, and promote US dollar dominance while preserving the dual banking system.” Speaking on the bill, Senator Lummis said: “[The bill] preserves our dual banking system and install guardrails that protect consumers and prevent illicit finance while ensuring we don’t derail innovation.” Stablecoins like Tether’s USDT and Circle’s USDC are some of the most popular digital assets in…
In a groundbreaking development for the AI and blockchain industries, Cluster Protocol and Openfabric AI have announced a strategic partnership aimed at revolutionizing the landscape of technological innovation. This collaboration transcends mere integration; it represents a concerted effort to propel AI advancement forward, fostering accessibility and scalability while upholding the highest standards of security and decentralization. We are excited to announce our partnership with @ClusterProtocol 🥳Cluster Protocol is a proof of compute protocol and Open Source community for decentralized AI models.Learn more: https://t.co/RJk2txeSfG pic.twitter.com/6SJVpMV7sP — Openfabric AI (@openfabricai) April 17, 2024 The partnership between Cluster Protocol and Openfabric AI heralds…
Renowned author of “Rich Dad Poor Dad” Robert Kiyosaki recently underscored Bitcoin’s supremacy over traditional assets like gold and silver. In a social media post, Kiyosaki expressed his preference for Bitcoin due to its fixed supply, contrasting it with the dynamic nature of gold and silver prices. He highlighted the inherent limitation of Bitcoin’s supply to 21 million coins, a factor that distinguishes it from precious metals and commodities like oil. I love gold and silver. I own gold and silver mines. The problem with gold and silver is…the higher the prices go, the more gold and silver is found.…
Zignaly has launched ZIGChain on Cosmos and announced a $100 million fund. The company was recently awarded a crypto license in South Africa Decentralized social-investing marketplace Zignaly announced the ZIGChain layer-1 blockchain on Cosmos and a $100 million ecosystem development fund. The fund will focus on developing wealth-generation infrastructure that is effortless from the user’s perspective, the team said at Token2049 in Dubai. Zignaly is something like a crypto fund manager, and allows users to copy trades from professionals. It was recently awarded a crypto license in South Africa for discretionary financial-service provision, equivalent to those issued for fund managers…
The queue of Ethereum Blockchain validators is sharply increasing, reaching the highest levels since September 2023. Currently, the waiting list of validator nodes has risen above 21,391. Ethereum Blockchain: the number of validators reaches 21,391 Ethereum Blockchain: the queue of validators is increasing rapidly due to restaking The opportunities of restaking and the price of ETH Ethereum Blockchain: the number of validators reaches 21,391 According to data from ValidatorQueue, it seems that the Ethereum blockchain validator queue rose to 21,391 yesterday. Nothing to do with the 7,045 validators waiting reported last February. This means that the number of users queuing…
UK Member of Parliament (MP) Lisa Cameron called for increased digital training regarding Web3, AI, and blockchain technology in a debate Tuesday, to increase the country’s “necessary talent pipeline” and bolster the UK crypto economy. During the debate, Cameron argued that the UK needs to “level up” if it wants to be a superpower across emerging digital technologies. MP Lisa Cameron Urges Blockchain Technology Initiatives “While the UK is well placed to harness the opportunities presented by the growth of the digital economy, considerable preparation and investment in education, training and skills will be needed to make the most of…
The Lightning Network empowers small-scale Bitcoin miners with instant, low-cost payouts as the halving approaches. Momentum around Bitcoin (BTC) continues to build as the Halving Event quickly approaches, and the Lightning Network is playing an important role in supporting small-scale miners. Bitcoin miners, in particular, have been paying close attention to how this year’s halving may impact operations. For instance, as mining rewards decrease due to the halving, miner efficiency has become more important. As a result, large-scale miners have been seeking energy-efficient ways to carry out operations. The halving will also impact small-scale miners. Jesse Shrader, Co-Founder and CEO…
We provide a layer 1 blockchain performance comparison of 6 major blockchain platforms: Ethereum, Cardano, Solana, Avalanche, Algorand and Internet Computer. Before we begin with our comparison, it’s important to highlight that scaling on layer 1 is not the only way to improve the scalability of blockchains. Projects such as Ethereum and Cardano are focusing a lot of attention on scaling through layer 2 solutions that can handle a larger number of transactions while leveraging the security of the underlying layer 1. In this article, we kept comparisons limited to layer 1 performance, but it’s worth keeping in mind that…
Over 135 traditional financial institutions are providing crypto banking support as blockchain assets have recently experienced rapid adoption and mainstream press. According to a joint report from Finery Markets and Coincub, analysts noticed a sharp increase in rails between banks and digital assets, with more money houses tapping decentralized finance utility. The phenomenon was spotted in regions worldwide, but Europe dominated the sector. At the end of this year’s first quarter, more than 63 institutions across European markets offered crypto banking services. Europe has become a world leader in blockchain oversight by introducing its Markets in Crypto Assets Regulation (MiCA)…
According to on-chain analytics firm Lookonchain, an Ethereum whale who accumulated a substantial amount of ETH at the market bottom in September 2022 has made a notable deposit of 5,000 ETH to popular cryptocurrency exchange Kraken. Back in September 2022, when the Ethereum network transitioned to a proof-of-stake consensus, the whale took advantage of the opportunity to buy ETH at what was considered the market bottom. The timing seemed right as the price of Ethereum was nearly $1,567 per ETH, totaling a value of $151.42 million for the bulk purchase. According to Lookonchain, the ETH whale withdrew 96,638 ETH worth…