Author: NBTC
StarkWare, one of the leading companies in the field of blockchain scalability and security, has announced its collaboration with Informal Systems to integrate the Inter-Blockchain Communication (IBC) protocol based on Cosmos into Starknet. This integration represents a significant step for Starknet, which will thus be able to connect with any chain compatible with IBC, including all the networks within the Cosmos ecosystem and other compatible external blockchains. What is the IBC protocol of Cosmos and why is it important for StarkWare? The collaboration with Informal Systems Implications for the blockchain ecosystem What is the IBC protocol of Cosmos and why…
Deribit’s BTC DVOL index, a measure of volatility expectations, has slipped to its lowest since early February. Continued volatility meltdown alongside price drop suggests an absence of demand for options. A renewed upswing in BTC’s price to $70,000 may lift DVOL. Seasoned stock traders are likely attuned to the observation that market corrections are typically accompanied by an uptick in metrics like the VIX index, which gauges volatility expectations. That’s not the case in the bitcoin market, however, even though cryptocurrency prices tend to be positively correlated to technology stocks. For instance, as bitcoin’s price has pulled back 10% from…
MetakraftAI, an AI forum that revolutionizes the monetization and creation of immersive experiences, has collaborated with Value DEX. The purpose of the collaboration between MetakraftAI and Value DEX is to improve the capabilities of both entities, offering cutting-edge opportunities and tools to the users. The platform took to its official social media account to provide details of this endeavor. MetakraftAI and Value DEX Partner to Improve the User Experience In its exclusive X post, the platform expressed its enthusiasm for this partnership. Value DEX reportedly works as a next-generation DEX that operates on the Solana Network as well as EVM…
Following the approval of the spot Ethereum ETFs, a total of 160,930 ETH have been added to Coinbase over the past two days, as reported by CryptoQuant. An amount worth almost $565 million. After the approval of the Spot ETF, 160,930 #Ethereum entered Coinbase in 2 days“The $ETH Netflow data may be a leading indicator of whether Grayscale’s Spot ETF, ETHE, will continue to exert selling pressure.” – By @burak_kesmeci Read more 👇https://t.co/qTBHH0OVA9 pic.twitter.com/A0132i8Q1x — CryptoQuant.com (@cryptoquant_com) July 26, 2024 On July 23rd, the Securities and Exchange Commission (SEC) granted its approval for nine Ethereum exchange-traded funds (ETFs) to begin…
Substrate blockchains now support Move smart contracts, enabling Move parachains on Polkadot. Eiger integrated MoveVM with Substrate and introduced the “smove” tool for managing gas costs. According to a recent announcement, Substrate the primary blockchain software development kit (SDK) for parachains that make up Polkadot Network, has integrated Move smart contract. The Integration will now allow developers to build on Polkadot using Move parachains. Through Move virtual machine (MoveVM), this development, led by Eiger, expands the functionality of Substrate-based networks, offering new opportunities for blockchain development. Move VM 🤝 Substrate Substrate blockchains can now execute Move smart contracts, and Move…
According to Bloomberg ETF analyst Eric Balchunas, the Bitcoin spot ETF market is showing that Boomers are proving to be much better hodlers than most people initially thought they would be. Balchunas shared these remarks on Tuesday as he commented on the spot Bitcoin ETFs positive flows. In a post on X, the analyst noted that US spot Bitcoin ETFs held strong amid ‘step back’ phase that saw a streak of outflows. Notable during this period, particularly in the past month, Bitcoin price fell sharply and struggled to recover. But as data shows, spot ETFs picture on July 2 has…
Eric Balchunas, senior ETF analyst at Bloomberg, has some good news for market participants who are disappointed by the seemingly underwhelming performance of Ethereum ETFs. According to Balchunas, these products are seeing “very healthy” inflows and trading volumes. Tough days ahead Despite this optimism, Balchunas has warned that the next few days could be “tough” for these products due to outflows from Grayscale’s ETHE. On Thursday, these much-anticipated products logged $152.4 million worth of outflows. Grayscale’s ETHE bled a whopping $346 on its first day. So far, Ethereum ETFs have had only one day of positive inflows, which was their…
This article represents the opinion of the author and is not to be construed as financial advice. Ripple’s XRP may be one of the most undervalued currencies in the blue-chip blockchain economy. That’s due to XRP’s legal success against the SEC and its product development. Could XRP price be gearing up for a moonshot bull run sometime in Q3? Very Bullish XRP Price Prediction XRP price analyst Egrag Crypto raised the staggering specter of a $17 XRP price sometime in the near future if Ripple bulls beat key resistance at $1 and keep it running to XRP’s all-time high price…
The Pacific island nation of Palau is furthering its partnership with decentralized identity protocol RNS.ID to deploy digital residency IDs (DIDs) on the Solana blockchain. The launch of Solana-based IDs was announced yesterday by the official RNS.ID Twitter account. The company claims that “this marks the first time a sovereign nation issues legal identity on Solana.” The country launched its digital residency program in 2022, which grants global citizens residency backed by Palau. But the people who acquire them don’t have to physically live there. The nation minted its first Legal DID, or decentralized ID, in September 2023 on Ethereum—with…
Bitcoin maximalist Michael Saylor, who cofounded MicroStrategy business intelligence behemoth and is currently the company’s executive chairman, has taken to his X social media (formerly widely known as Twitter) account to deliver a Bitcoin message to the global community of Bitcoiners. Michael Saylor shares “BTC optimistic” message The world’s leading cryptocurrency is struggling to break above $63,000, which it lost on Monday for the third time recently and, prior to that, it had plunged from the $69,800 level on June 12. Saylor tweeted: “Be Different,” using the Bitcoin symbol for the letter “B.” ₿e Different — Michael Saylor⚡️ (@saylor) July…