Author: NBTC
Ethereum (ETH) continues to command robust trading volume despite a recent 3% drop over the last 24 hours and the current bearish pressure. The current market condition has not been especially favorable to Ethereum, the second-largest cryptocurrency. As one of the leading crypto assets, ETH has been at the forefront of the ongoing selloffs. Consequently, the token has dropped 10.33% this month, struggling to retain the $3,000 threshold. This month’s price collapse follows an 8.62% close to June, which saw Ethereum give up the $3,700 and $3,500 psychological territories. Ethereum’s downturn is a product of its price correlation with Bitcoin…
Rome, a crypto startup project aiming to use Solana as an auxiliary network to provide services to layer-2 blockchains built atop Ethereum, emerged from stealth and announced it has raised $9 million of funding from top-tier investors. The financing was provided by Hack VC, Polygon Ventures, HashKey, Portal Ventures, Bankless Ventures, Robot VC, LBank, Anagram, TRGC, Perridon Ventures, as well as notable angels including Anatoly Yakovenko, Nick White, Santiago Santos, Comfy Capital, Austin Federa, Jason Yanowitz, according to a press release shared first with CoinDesk. Rome, founded by Anil Kumar and Sattvik Kansal, aims to set up Solana as the…
Ripple CEO Brad Garlinghouse expresses confidence in the company’s upcoming stablecoin prospects, including the likelihood for the token to gain a significant share of the stablecoin market. In a viral video making rounds in the XRP community, Garlinghouse said that even though Ripple has not revealed the name of its upcoming stablecoin, he is confident that the asset could gain dominance in the stablecoin market. “I’m very optimistic that there is a lot of market share there for it [stablecoin]. There is a lot of growth [for the upcoming stablecoin], so I’m excited,” Garlinghouse remarked. Garlinghouse’s confidence stems from Ripple’s…
ShardLab, a division of Hashed, a leading Web3 venture capital firm, has launched a new web app introducing a revolutionary approach to utilizing decentralized identity (DiD) and seamlessly distributing vouchers, as per the latest updates shared with Finbold on July 8. Integrating NFT vouchers with ICONSIAM Following a successful showcase at Southeast Asia Blockchain Week (SEABW) 2024, where ShardLab demonstrated some practical applications of non-fungible tokens (NFTs), the new app highlights additional uses of blockchain in the mainstream. During the SEABW event, attendees also saw how NFT vouchers powered by blockchain technology streamlined transactions at ICONSIAM, highlighting both the efficiency…
Hong Kong, known for its financial center status, recently hosted the Bitcoin Asia conference. The event attracted a significant number of participants from mainland China, despite the country’s ban on commercial cryptocurrency trading. Organized by BTC Inc, which also runs the Bitcoin Conference and owns Bitcoin Magazine, the conference was attended by approximately 5,500 participants, half of whom are estimated to be from mainland China. David Bailey, co-founder and CEO of BTC Inc, noted that interest in the conference was strong due to Hong Kong’s imminent launch of spot Bitcoin ETFs and anticipation of the launch of Ethereum ETFs, as…
Vitalik Buterin demonstrated the interface of depositing into the Ethereum (ETH) blockchain Polymarket, highlighting the need for change. He calls for the implementation of ERC-3770 and ERC-7683 upgrades. The Ethereum network’s moves to double down on enhancing user experience and fostering developer activity are key strategies for the ecosystem to maintain its industry repute. Vitalik Buterin Calls for Ethereum Network Upgrades The Russo-Canadian innovator highlights the need for improvement in the current system, which is expected to streamline transaction processes for users. Implementing this move would mean significant advancements in the field, based on community feedback. Vitalik Buterin Proposes Change…
The FED takes a cautious stance on interest rate cuts, despite positive economic data showing that inflation has begun to decline. FED President Jerome Powell and FOMC members state that interest rate inflation has fallen, but they want to see more positive data for interest rate cuts. While there is little time left for the FED to announce its July interest rate decision, the earliest interest rate cut is expected to be September. At this point, according to FED Watch, the probability of interest rates remaining constant in July is priced at 95.3%, while a 25 basis point reduction in…
Data indicates a striking surge in addresses holding between 100,000 and 1,000,000 TON tokens. This substantial increase signals a growing interest from key players within the cryptocurrency market. Over recent times, these significant stakeholders have progressively intensified their holdings, demonstrating a solid faith and long-term commitment to the TON asset. Impressive Growth: Major Players Accumulating 100k to 1M $TON“The increasing number of addresses within this balance range highlights a deliberate and calculated move by large investors to strengthen their positions.” – By @joao_wedsonLink 
https://t.co/urx9TMbb5q — CryptoQuant.com (@cryptoquant_com) May 31, 2024 This emerging trend surpasses being merely a temporary market fluctuation,…
Banking the unbanked has been touted as one of the core use-cases of crypto since its inception—but the industry’s faced challenges in the form of high transaction fees and a lack of dedicated infrastructure. The launch of the Soroban smart contract platform on Stellar is aiming to change that. Launched earlier this year with the Protocol 20 update, the upgrade to the Stellar network introduces smart contracts into the Stellar ecosystem—and aims to bring the industry closer to its goal of becoming the digital financial rails for those without access to banks or other financial services. “Stellar is ten years…
David Bailey, CEO of Bitcoin Magazine, has disclosed his nexus with the campaign of former President Donald Trump. Bailey and his team have advised Trump to develop a Bitcoin and crypto-friendly agenda, including signing a crypto-focused executive order on day one. He declared that crypto enthusiasts will not vote for Trump but against Biden’s crypto policies in the upcoming elections. Bitcoin Magazine CEO Advises Trump’s Campaign, Remarks on Relevance of a Pro-Bitcoin Administration Bitcoin is becoming a relevant matter going into the next U.S. presidential elections. David Bailey, CEO of Bitcoin Magazine, recently disclosed that his team had been advising…