Author: NBTC

MetaMask has announced the launch of MetaMask Snaps in an open beta version. That is, users can test the development that has been made so far, give their feedback, and continue helping the product before it is widely made available for others. Snaps is a product that enables developers to join the ecosystem and fetch innovative features for its members. This allows them to integrate upcoming functionalities in a decentralized manner. There was an urgent need for a platform on which independent developers could develop without requiring platform approval. This does not imply that the infrastructure will no longer be…

Oliver Velez has backed the purchase of Bitcoin, represented with the symbol – BTC. Oliver hails from the trading backyard that spans 30 years, along with being an author. Oliver’s post on X, formerly Twitter, has stated that BTC will go rare by the end of next year, making it one of the highest-demanding assets in the world. While the idea is interesting, the way it has been linked by Oliver is somewhat based on a vast assumption that everyone on the planet will hold BTC. The connection is with the world population, which currently stands at 8.1 billion. Velez…

Ethereum is an open-source, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. It was initially proposed in late 2013 by Vitalik Buterin, a programmer and cryptocurrency researcher. Ethereum was first released as Frontier on July 30, 2015. Since its release, the project has quickly become one of the most influential cryptocurrencies available today. With a wide variety of applications already built into the system, it is one of the oldest and largest blockchains currently running in production with millions of daily users. The core innovation that makes Ethereum stand out from other tokens or coins is…

BNB Chain has announced that its opBNB Mainnet is now live for public access. The layer-2 solution is an EVM-compatible project that brings the advantages of near-instant transactions and low fees. opBNB has been built on the Optimism OP Stack. The idea behind lowering the gas fees is to ensure blockchain technology gains access to everyone. BNB Chain’s launch of opBNB follows the kind of performance that the layer-2 solution delivered during its testing phase. To start with, opBNB’s testnet version was able to handle 100-150k transactions every day. Next, it reached a point where over 86,000 blocks were processed…

Grayscale recently scored a major victory against the U.S. Securities and Exchange Commission in its efforts to get a Bitcoin ETF. And while this has proven bullish for Bitcoin (BTC), other cryptocurrencies have also benefited, including Bitcoin Spark (BTCS). What is Grayscale? Grayscale is a renowned financial institution specializing in digital asset management. Its flagship product, the Grayscale Bitcoin Trust (GBTC), is the world’s biggest Bitcoin fund. Investors can buy and sell shares of the trust in their brokerage accounts, making it a convenient way to invest in Bitcoin. Grayscale’s reputation and success have made it a prominent player in…

Cryptocurrencies are extremely volatile by nature and design. The cryptocurrency market is extremely speculative and lacks a regulatory framework for trading. This renders cryptocurrency trading more volatile than bonds and equities. Ethereum is the second most prominent cryptocurrency after Bitcoin, and its value has steadily declined for an extended period. In August, Ethereum experienced a decline of approximately 12.25%, compared to a 9.66% decline in the past week. The current price of Ethereum is $1662, representing a loss of 1.05% over the past 24 hours. Even with the bearish trajectory, investors continue to HODL their Ethereum holdings. ETH bears are…

In the past few years, the blockchain industry has been involved in a number of computation and decentralized finance-related innovations. Because of its widespread adoption, this has several upgradeable features. Out of this has mushroomed various Layer 1 and Layer 2 solutions, with their concentration on lessing gas prices and quicker transactions. Babylon has taken the initiative to incorporate Router Protocol into its testnet. This is basically a Layer 1 cross-chain and interoperable blockchain. It has been created with the utilization of Cosmos’ Tendermint consensus. This incorporation provides Router Protocol with Bitcoin’s unparalleled security layer. In addition, the Bitcoin security…

Genesis Global Capital has filed a lawsuit against Digital Capital Group for defaulting on exorbitantly large amounts of loans. Genesis Global Capital has not received the agreed-upon funds back as of May 2023, per the terms and conditions stipulated by the two corporations. Genesis has hired attorneys to defend itself in this dispute, and they claim that in 2019, Genesis and DCG signed a master loan arrangement. In the case that was submitted to the US Bankruptcy Court for the Southern District of New York, this detail was included. The lawsuit also references the fact that the loan Genesis gave…

ARK Invest by Cathie Woods has filed an application with the US SEC and is now awaiting approval for implementing the US Spot Ether ETF. The US Securities and Exchange Commission has been rejecting applications left, right, and center when it comes to the Spot BTC ETF; however, the one with ether could be a different story, especially after the verdict went in favor of Grayscale Investment. Her investment firm, 21Shares, is in line to seek approval from the Commission. The filing was submitted this Wednesday to make their first attempt at gaining a license to have a fund directly…

Polygon Labs has announced the publication of the first set of PIPs while setting its foot on the implementation of Polygon 2.0. It was first teased in June to tremendously upgrade the Polygon ecosystem. Considering the PIPs go well with the community, they would be lined up for the final stage by the end of the fourth quarter. The four upgrades that will eventually go live after approval pertain to POL, gas tokens, staking mechanisms, and staking hubs. Here are the specifics:- The upgrade from MATIC to POL will be initiated POL will become a native token for gas fees…