Author: NBTC

The runaway success of Base, the Coinbase-owned Ethereum overlay blockchain designed for faster, cheaper transactions, has prompted the creation of a market linked to the fluctuating cost of the total gas needed to power the network, allowing speculators to bet on recurring utility spikes on the layer 2 system. Taking a cue from the way traders speculate and hedge in traditional energy markets, Alkimiya, a startup backed by Coinbase Ventures as well as firms like Dragonfly and Castle Island Ventures, enables users to go long or short on the cost of transactions being included in blocks, or “blockspace” – a…

BitVM earlier this year came under fire due to the large liquidity requirements necessary in order for a rollup (or other system operator) to process withdrawals for the two way peg mechanisms being built using the BitVM design. Galaxy, an investor in Citrea, has performed an economic analysis looking at their assumptions regarding economic conditions necessary to make a BitVM based two way peg a sustainable operation. For those unfamiliar, pegging into a BitVM system requires the operators to take custody of user funds in an n-of-n multisig, creating a set of pre-signed transactions allowing the operator facilitating withdrawals to…

PancakeSwap, a prominent decentralized exchange operating on the BNB Chain, has recently announced the release of an Initial Farm Offering. PancakeSwap is launching the IFO of Solv Protocol on BNB Chain on the 16th and 17th of January, delivering a thrilling opportunity for consumer engagement with liquidity and Bitcoin ($BTC) staking solutions. The platform revealed this development on its official social media account. 📢 The @SolvProtocol IFO is coming to BNB Chain PancakeSwap!🥞 Stake CAKE to join the IFO from 16 – 17 Jan 2025: https://t.co/GbmwKtiFfA pic.twitter.com/vC8YYq6uGC — PancakeSwap (@PancakeSwap) January 14, 2025 PancakeSwap Releases IFO of Solv Protocol on…

A Shiba Inu ecosystem team member announces an upcoming giveaway event for SHIB community members during the Christmas season. Lucie, the marketing lead of the Shiba Inu ecosystem, announced the development yesterday, revealing that the team has approved a budget to organize an ‘incredible Christmas giveaway.’ 🎉 Big News! 🎉 I’m thrilled to announce that I’ve been approved for an incredible Christmas giveaway budget by our amazing Shib devs! 🎅🎁 Get ready for an Amazing Christmas $Bone December where we’ll treat you right! It’s not live yet, but make sure to follow:… — 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) November 28, 2024 The event,…

The launch of Edison, an AI-powered agent created to streamline Web3 payment solutions for companies, has been announced by Fuse Network. Businesses may implement automated on-chain payments without the need for technical know-how thanks to Edison’s integration with FuseBox, Fuse’s all-in-one middleware solution. Accelerating Web3 Adoption Edison has been designed to hasten Fuse’s long-term objective of establishing a world where technological difficulties won’t stop Web3 adoption. It fills the gap between sophisticated blockchain technology and simple, easy-to-use solutions. As a consequence, companies can quickly create robust dApps that provide a seamless user experience, simplifying the Web3 transition. With only a…

It’s been a good week for Bitcoin and its status in the eyes of federal deposit insurance corporations. (Well, there’s a weird sentence I never thought I’d write.) On Tuesday, the anti-crypto U.S. Federal Deposit Insurance Corporation (FDIC) Chairman, Martin Gruenberg, announced he’d be stepping down in January. And yesterday, Heritage Falodun, CEO of DigiOats, Nigeria’s leading Bitcoin education and consultancy platform, educated members of the Nigeria Deposit Insurance Corporation (NDIC) about the benefits of bitcoin and other digital assets. Falodun, an indefatigable Bitcoin proponent, spearheaded a seminar for the NDIC entitled “Cryptocurrency in the Evolving Financial Industry”. This week,…

Two startups are joining forces to introduce a solution to verify total value locked (TVL) claims by Bitcoin decentralized finance (Bitcoin defi) projects. Why Bitcoin Defi Needs Proof-of-TVL At more than $30 billion in total value locked (TVL), Bitcoin decentralized finance (Bitcoin defi) is quickly becoming a profitable trend, but exaggerated TVL numbers from questionable projects could undermine the entire sector. The reason TVL is the de facto vanity metric in defi is because it signals a token’s liquidity. It also helps investors gauge a project’s popularity and trustworthiness. But Bitcoin defi is different. Assessing Bitcoin-based TVL is much trickier…

Ethereum remained on edge during the weekend as its exchange-traded funds experienced large outflows, exchange balances rose, and staking yield fell. Ethereum (ETH) was trading at $3,268, down from last month’s high of $4,104. This price action mirrors that of Bitcoin (BTC), which has retreated from an all-time high of $108,000 to below $95,000. Ether has pulled back as data shows that demand for its ETFs on Wall Street has fallen in the past few days. According to SoSoValue, all Ethereum funds lost $68 million in assets on Friday after losing $159.3 million on Thursday. They lost $86 million in…

Sol Sniper trading platform introduced SniperX memecoin trading bot on social media platform X. Traders can directly purchase memecoins on X and view charts, trading volume, and market price. Solana blockchain’s NFT analysis and trading platform Sol Sniper announced the launch of memecoin trading bot SniperX. It makes memecoin trading directly accessible on X and allows traders to view all the market price data on the social media platform itself. Introducing SniperXThe first memecoin trading bot for XIt’s time to change the game forever 🧵 pic.twitter.com/hHbxvCgxbV — Sol Sniper 🎯 (@solsniperxyz) November 28, 2024 Solana has always been a sophisticated…

Some miners at OCEAN have started making use of the Coin Age Priority algorithm during block template construction using DATUM. Originally, Bitcoin Core originally selected transactions to include in blocks based on what they had seen first in their mempool. This logic was eventually replaced by prioritizing older coins, i.e. that had been sitting around unspent longer, over other coins. This was eventually only applied to a small portion of the blockspace, and then eventually done away with entirely around the time of Segwit. It’s still maintained in Bitcoin Knots. I can only speculate as to the motives of the…