Author: NBTC
Cosmos-based layer-1 blockchain Canto unveiled its “Cyclone Stack,” aimed at scaling and improving performance, just as the project prepares for a closely watched migration to the Polygon ecosystem. According to a press release seen by CoinDesk, the Cyclone Stack will consist of three key upgrades called the Callisto Upgrade, the Kallichore Upgrade and the Elara Upgrade, designed to speed up block times, increase storage access speeds and set new standards for execution. Canto’s Cyclone stack will also be fully compatible with all EVM tooling and applications. (EVM stands for the Ethereum Virtual Machine and is the software that executes smart…
How will governments function in a world that has transitioned from fiat to hyperbitcoinization? This is a question that I have thought about recently, and I wanted to think through what happens to governments on a Bitcoin standard. The questions I have are the following: how will governments fund themselves? How do your taxes work in a digital landscape, and how will governments respond to this dilemma? How Will Governments Fund Themselves? Most hardcore Bitcoiners probably could care less about what happens to the government on a Bitcoin standard. I would venture to say that they would want all governments…
As the second quarter of 2024 begins, Ethereum (ETH) investors are looking to history for clues about the potential performance of the second-largest cryptocurrency by market value. Ethereum’s price history reveals a pattern of robust Q2 gains, with an average increase of 67.19%. Crypto analyst Ali shared a screenshot of Ethereum’s quarterly returns; ETH saw massive gains of 453% and 102.25% in Q2 of 2017 and 2019, respectively. Gains for the second quarter averaged 67.19%, with a median of 15.29%. Q2 has historically been very bullish for $ETH!However, we must consider the high probability that the @SECGov will delay the…
Goldman Sachs stands firm on its belief that cryptocurrencies have no value. The chief investment officer of the banks Wealth Management unit, Sharmin Mossavar-Rahmani, says clients have not voiced interest in exposure to the asset class, even after the latest surge in prices. Goldman Sachs, nowadays one of the few Wall Street banks to do so, isn’t backing away from its negative stance against crypto, as it doesn’t see any value in the asset. Sharmin Mossavar-Rahmani, chief investment officer of the bank’s Wealth Management unit, has long been known for her skepticism of bitcoin and other digital assets, and her…
In a recent development within the cryptocurrency sphere, Panos Mekras, a renowned blockchain advisor specializing in the XRP Ledger (XRPL), has sparked discussions regarding the integration of USDC onto the XRPL. Mekras, known for his insights into blockchain technologies, took to social media to shed light on the absence of USDC on this ledger. Addressing the issue, Mekras emphasized the significance of USDC and EURC (Euro Coin) integration for the progress of projects like Anodos on the XRPL platform. He disclosed his proactive approach by reaching out directly to Circle, the company behind USDC, to inquire about the delay in…
Amid Bitcoin (BTC)’s recent surge above $70,000 to hit unprecedented levels, analysts are voicing their thoughts on lackluster activity on-chain, indicating a notable reluctance on the part of investors to part ways with their holdings. No One Wants to Sell BTC as Bitcoin’s On-Chain Activity Declines, Analysts Say Despite Bitcoin’s rising price, real economic activity on the blockchain is showing signs of stagnation, indicating a reluctance to make a significant sell-off, according to experts. Blockware Solutions, a research firm, highlighted this trend in its latest Blockware Intelligence newsletter. Experts pointed out that the average on-chain transfer volume in USD was…
According to on-chain data, a large amount of 13,500 ETH has been transferred from Bitfinex, a major crypto exchange, to an unknown wallet. The transfer of a substantial amount of Ethereum from Bitfinex to an unknown wallet has led to speculation within the cryptocurrency community about the possibility of a whale buying Ethereum. The transfer was spotted and reported by Whale Alert, a service that tracks large cryptocurrency transactions: “13,500 ETH worth $47,991,234 was transferred from Bitfinex to an unknown wallet.” 🚨 🚨 13,500 #ETH (47,991,234 USD) transferred from #Bitfinex to unknown wallethttps://t.co/4InmhT3mWM — Whale Alert (@whale_alert) April 1, 2024…
Venture capitalists invested over 52% into crypto projects in March versus prior month. Crypto projects, specifically in the United States, received more than $1.16 billion last month, the second-highest amount in the past 12 months. The majority of capital went into projects related to crypto infrastructure and decentralized finance (DeFi). Venture capitalists increased their investments into crypto projects by over 52% in March, spurred by a new all-time high for bitcoin and continued success from the spot bitcoin exchange-traded funds (ETFs). Investors allocated more than $1.16 billion into the industry in March, the second-highest amount in the past 12 months,…
Cardano’s native cryptocurrency, ADA, has experienced an astonishing surge, with its derivatives trading volume skyrocketing by a remarkable 78% over the past 24 hours. This surge, as reported by CoinGlass, signifies a significant shift in market dynamics, reflecting the growing confidence and interest in the Cardano ecosystem. The data unveiled a staggering increase in the trading volume of open-ended futures on ADA, amounting to nearly $2.7 billion within the specified period. When considering spot market transactions, the overall trading volume for Cardano’s token surpassed an impressive $4 billion in just one day. This surge in trading activity is not an…
In a year marked by challenges and transitions within the gaming industry, the 2024 Game Developers Conference (GDC) in San Francisco emerged as a pivotal arena for the burgeoning sector of Web3 gaming. Chains like Avalanche and Arbitrum stood out, drawing attention with their compelling lineups of upcoming titles. Avalanche, in particular, made a significant impact with one of the largest exhibits at the conference, second only to Unreal. The company showcased a robust selection of games within its ecosystem, including titles such as Shrapnel, Providence, Off the Grid, MEGAWEAPON, BloodLoop, Petopia, and the Merit Circle’s Beam ecosystem. The presence…