Author: NBTC
Axen Bridge is now integrated with zkSync, marking an important upgrade for the platform. Axen Labs shared the news on their X account. This integration will enable faster transactions and lower fees for users, according to reports zkSync is an Ethereum layer-2 scaling solution. It can handle thousands of transactions per second while coming with the same level of security and decentralization as Ethereum. 🔗 Axen Bridge Now Integrated with zkSync! 🌐We’re excited to announce that Axen Bridge is now integrated with zkSync! This integration brings enhanced scalability and lower transaction fees to our users.zkSync is a layer-2 scaling solution…
A massive $1.4 billion worth of cryptocurrencies will soon be unlocked, potentially impacting the market. Unlocking events are often seen as bearish because they increase the supply of a cryptocurrency. According to Tokenomist, the unlocking events for Celestia (TIA), Sui Network (SUI), Optimism (OP), Immutable (IMX), Memecoin (MEME), and ZetaChain (ZETA) will occur between October 28th and November 3rd. Celestia has the largest token unlock, with $1.06 billion worth of TIA tokens (almost 80% of the circulating supply) entering the market. TIA is down 3.58% in the past 24 hours, trading at $5.94. It has fallen 6.51% in the past…
On the 27th, Digital Minister Masaaki Taira announced at the “Taira Forum”(an event he hosts) that the Web3 Project Team (Web3PT) will be dissolved. Instead, a new position dedicated to crypto-related matters will be established within the Liberal Democratic Party’s Digital Society Promotion Headquarters. According to local reports, Congressman Akihisa Shiozaki will assume this new crypto-focused role after serving as an executive director of Web3PT. While Web3PT will be disbanded, this does not indicate a reduction in the government’s commitment to promoting Web3. Further details regarding the newly formed Web3 staff are expected to be released soon. Representative Taira, who…
A blockchain education expert believes that learning about blockchain is crucial for the safe and effective use of Web3 technology. Blockchain Education: Fragmented and Inconsistent According to Pauline Cohen Vorms, co-founder of the Polkadot Blockchain Academy, blockchain education is essential for the adoption of Web3 technology. Vorms, a veteran educator, added that the growing list of blockchain use cases translates to increased responsibilities. She argues that it is only through proper education can the risk of misuse or underutilization of the technology be pre-empted. However, Vorms asserts the education program needs to be comprehensive enough to ensure that the true…
As Bitcoin approaches $70,000 once again, market speculators are eyeing the possibility of it surpassing record levels last seen in March. Optimism around riskier assets is growing as investors prepare for the upcoming U.S. elections. “After six months of price consolidation this year, the stage is set for a perfect storm in favor of Bitcoin and other cryptocurrencies,” said Brett Munster of Blockforce Capital. Munster pointed to the surge in global liquidity, particularly from China, which has recently implemented a series of stimulus measures aimed at reviving its economy. Bitcoin rose 2.9% to $68,376 on Wednesday before falling slightly to…
Owning digital assets is not illegal for individuals under Chinese law, a Shanghai judge has ruled. However, enterprises are prohibited from investing in digital assets or issuing tokens “at will,” the judge added. Sun Jie, a judge at Shanghai’s Songjiang People’s Court, shared her opinion on the court’s official WeChat account, noting that it was not “illegal for individuals to hold cryptocurrency.” However, businesses can’t invest in digital assets or issue tokens “at will,” the judge added. Jie further stated that Chinese law considers digital assets to be virtual commodities to which property attributes are assigned. However, the law bars…
Aligned, after nine months of rigorous development, has unveiled its ZK verification layer on Ethereum which is mainnet beta. This launch is a game-changer for developers. It enables developers to verify zero-knowledge proofs on Ethereum at less than 10% of the current cost. It further allows thousands of proofs to be submitted per batch. SEND PROOFS.After 9 months of development we are happy to announce that Aligned’s ZK verification layer – mainnet beta – is now live on Ethereum.This means that developers can verify ZK proofs on Ethereum for less than 10% of the cost and that they can submit…
Santiment, a leading cryptocurrency analytics firm, has reported a significant increase in BTC whale activity during the recent surge in Bitcoin’s price. Bitcoin whale transactions hit a more than 10-week high on Tuesday, with 11,697 transfers worth over $100,000, according to the firm’s analysis, and are on track to reach similar highs on Wednesday. The analysis also highlighted a shift in social media discussions, with Bitcoin dominating discussions on altcoins. Santiment noted that Bitcoin, the largest crypto asset, now accounts for more than a quarter of all cryptocurrency-related conversations on the internet, as investors focus heavily on price action after…
When Shibarium launched, it sparked major optimism among Shiba Inu ecosystem members and the broader Ethereum layer-2 ecosystem. However, since its launch, the network has recorded different growth traction amid varying adoption milestones. At the moment, Shibarium scam data shows the protocol has recorded 4.77 million daily transactions. Shibarium adoption soars gradually It is worth noting that Shibarium’s daily transactions fluctuate very widely. While it recorded a low of 3,000 earlier this month, the current 4.77 million blowout is a major twist in its adoption. Despite dwarfing the more than 300,000 daily transactions recorded earlier this week, the major reason…
The legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) continues, despite some recent developments. Ripple has recently gained attention as it was claimed that a U.S. court approved its request to fast-track the final judgment in the XRP lawsuit. This decision could mean the case, which has been dragging on for years, might end sooner and some even believed the timing is important, especially with SEC Chair Gary Gensler stepping down in January. However, legal expert Bill Morgan clarified that this approval is not related to the SEC’s enforcement action against Ripple. He pointed out that…