Author: NBTC

As Solana faces another outage, crypto.news talks with experts about its impact and what it could mean for the system’s future. Since its inception, the Solana network has emerged as a leading player in the blockchain scene, promising lightning-fast transactions and low fees. However, behind its meteoric rise lies a series of outages that have raised questions about its dominance in the proof-of-stake (PoS) scene. A historical battle with hours-long outages On Sept. 14, 2021, Solana encountered one of its first significant disruptions during the token offering of Grape Protocol, resulting in a staggering 17-hour outage. This incident foreshadowed future…

The U.S. congressional effort to establish regulations for stablecoins has become an increasing longshot for passage this year, but the lawmakers who’ve pushed legislation the farthest reportedly had a meeting with Senate Majority Leader Chuck Schumer about it, Punchbowl News reported. House Financial Services Committee Chairman Patrick McHenry (R-N.C.) and the panel’s senior Democrat, Rep. Maxine Waters (D-Calif.), met with Schumer on Thursday to get legislation moving, potentially tying it to reauthorization of Federal Aviation Administration (FAA) funding, the site reported. On the crypto event circuit, McHenry has repeatedly contended that it’s still possible to get his panel’s stablecoin bill…

Ethereum price is consolidating above the $3,450 support zone. ETH must clear $3,560 and $3,620 to start a fresh increase in the near term. Ethereum is trading in a range above the $3,450 support zone. The price is trading above $3,500 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming with resistance at $3,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it stays above the $3,420 support zone. Ethereum Price Eyes Upside Break Ethereum price attempted another increase above the $3,550 resistance. ETH even…

Axen Labs and Hybrid have officially joined forces, marking a significant milestone in the realm of blockchain technology. Hybrid has long been recognized for its revolutionary EVM-compatible on-chain intelligence Layer 1 blockchain. We are excited to join forces with @BuildOnHybrid, the on-chain intelligence Layer 1 blockchain.Hybrid boasts an EVM-compatible Layer 1 blockchain enriched with specialized data layers for AI. At its core lies Atlas, an AI model delivering intuitive, AI-driven analytics for… pic.twitter.com/FRMhZE2GLg — Axen Labs | 🤍🧡 (@Axenlabs) April 10, 2024 Axen Labs and Hybrid Merge for Smarter Blockchain Solutions It is now hosting AI-driven analytics into their blockchain…

Recent decline in Bitcoin Fear & Greed Index hints at cooling investor sentiment. Analysis of volatility, volume, social sentiment, and trends feeds the sentiment index. Historical patterns suggest shifts in extreme sentiments correlate with Bitcoin’s price movements. A recent shift in the Bitcoin Fear & Greed Index indicates a cooling of investor sentiment, potentially setting the stage for a price rebound. Understanding the Fear & Greed Index Dynamics The Bitcoin Fear & Greed Index, a comprehensive measure of investor sentiment, has seen a notable shift. This index, which compiles data from various sources including volatility, market momentum, and social media…

Ripple has issued an urgent warning to the XRP community. The alert comes in response to a series of scams targeting XRP holders. In particular, the likeness of Ripple’s CEO, Brad Garlinghouse, is increasingly being used in deepfakes and other crypto scams promising free XRP giveaways. Ripple warns that neither the company nor any of its executives will ever ask anyone to send XRP. To better educate the community, Ripple created a demo video reinforcing the warning. BREAKING: @Ripple will never ask you to send us XRP. Ever.Neither will Brad, David, Monica, Stu, or anyone from Ripple.Learn how to protect…

The Financial Crimes Enforcement Network (FinCEN) of the US Department of the Treasury recently acknowledged crypto exchange Coinbase for its significant contributions to major criminal investigations. Through a letter addressed to Coinbase CEO Brian Armstrong, FinCEN highlighted the digital currency exchange’s role in aiding law enforcement efforts via its compliance and reporting practices. The recognition comes amid the backdrop of an SEC lawsuit against the exchange over alleged securities violations. The acknowledgment forms part of the annual FinCEN Director’s Law Enforcement Awards Program, which celebrates substantial criminal cases that have utilized Bank Secrecy Act (BSA) reporting as a foundation for…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. As Bitcoin surges to unprecedented heights, casting a bullish shadow over the cryptocurrency market, a significant yet often overlooked sector poised to reap the benefits of this resurgence is GameFi. In the wake of the Bitcoin halving, the GameFi landscape stands at the precipice of a renaissance, with the potential to transcend the ghosts of its tumultuous past in 2021. The confluence of renewed investor confidence, technological advancements, and shifting market dynamics sets the stage for a…

With the approval of an Ethereum (ETH) spot ETF potentially on the horizon in May, the second largest cryptocurrency by market cap is on many traders and investors eyes given how it could stand to benefit However, despite the excitement, ETH has been struggling to keep pace with Bitcoin (BTC) in recent times. This 3-year low ETH/BTC exchange rate challenges what enthusiasts call “the flippening”- a hypothetical scenario where Ethereum surpasses Bitcoin as the dominant cryptocurrency by market capitalization. Several factors are contributing to this underperformance. One key reason is the decline in activity on Ethereum’s network. The number of…

SubQuary, a data aggregation network offering web3 infrastructure services, has collaborated with Origin Trail. The partnership reportedly takes into account the utilization of the Decentralized Knowledge Graph of OriginTrail to drive a certifiable internet concerning artificial intelligence. The decentralized, open, flexible, and rapid data indexing solution of SubQuery is quite assistive in this respect. SubQuery and OriginTrail Partner to Revolutionize the Web3 Ecosystem The respective indexing permits developers in the blockchain sector to conveniently query the data on the chain for applications and protocols. Instead of developing their separate indexing solutions, blockchain developers have the liberty for other things. In…