Author: NBTC
The Algorand Foundation contributes to the expansion of the ecosystem for a new-age Layer 1 blockchain. The corporation has issued an official announcement that they have become members of the OpenWallet Foundation (OWF). This company is essentially an open-source project that aims to advance digital identification, connectivity, and payments by encouraging the formation of alliances between all businesses. Ola Ben Har, Google’s Developer Relations Lead for payments, and Marie Austenaa, Visa’s Head of Digital Identity, both serve on the OWF Board and made the announcement during the Open Source Summit Europe. Algorand is a decentralized protocol and distributed ledger designed…
Bitcoin’s price has traded around an impressive $27k mark due to the launch of the Bitcoin Adoption Fund by Nomura, Japan’s largest investment bank. This development marks a pivotal moment in the cryptocurrency landscape as it seeks to allure institutional investors and expand its reach in digital assets. At the time of writing, Bitcoin is trading at around $27K. Check out Bitcoin predictions for long-term investment. Over the past week, Bitcoin has secured a significant weekly gain of approximately 2.5%. Bitcoin’s recent surge in price may boost the overall crypto sentiment and investment activities. Laser Digital Asset Management, a subsidiary…
Staking is a way for crypto holders to earn passive income without selling their digital assets, similar to depositing money in a high-yield savings account. Just as a bank lends deposited funds to others and pays a fraction of the interest earned in return, staking involves locking up digital assets to help run a blockchain and maintain its security. In exchange, participants receive rewards, typically yielding much higher returns than traditional bank interest rates. The partnership between Coinbase Cloud and Kiln, a staking service provider, has introduced an innovative Partial ETH Staking program. This program is unique because it eliminates…
Provenance Blockchain has announced its partnership with Axelar to improve blockchain connectivity within the financial ecosystem. The formal declaration of the union will occur at the Real-World Summit, which will be held in New York. For the uninitiated, Provenance Blockchain is the leading decentralized blockchain developed for financial services, with over $8 billion in real-time financial assets (RWA) total value locked (TVL). Axelar, on the other hand, is the premier Web3 interoperability platform. There are speculations that the tokenized asset market’s value will increase to $16 trillion by 2030, up from the current $300 billion. The need of the hour…
BTC price is trading at around $27,000 at the time of drafting this article. It was highest in 2023 at $31k. There is a chance that it may again touch the highest mark, assuming traders look too aggressively. Simply put, their shorting adds to on-chain activities, which is often associated with price rises. However, the token was last seen slipping down by 0.38% in the last 24 hours. Santiment has explained that traders have started taking strong stands on Binance and Deribit, contributing to liquidity that could drive prices a little higher. As a matter of fact, prices have risen…
Bitcoin Spark (BTCS) is undoubtedly gaining significant traction in the crypto market as it sees record levels of Ethereum (ETH) being swapped for BTCS. What is Ethereum? Ethereum is a decentralized blockchain platform that was introduced in 2015 by a team of developers led by Vitalik Buterin. Ethereum’s main innovation lies in its ability to support the creation of smart contracts, which enable developers to build and deploy a wide range of blockchain-based applications and services. Its native cryptocurrency, Ether (ETH), is used as a means of exchange and to facilitate the execution of smart contracts. What are smart contracts?…
Aztec Network has announced the launch of Aztec Sandbox. The solution has been teased to the community of developers as a local testnet for smart contract privacy. As the most ambitious software release, Aztec Network believes this is a major step toward achieving the fully decentralized privacy-preserving layer 2. Aztec Sandbox brings with it a set of features that resemble Ganache by Ethereum or Anvil local node. What sets it apart in the market is the combination of being fast and lightweight. The Sandbox has more elements than just a local node testing environment. Others include Aztec Node, Aztec CLI,…
In recent years, Bitcoin has established itself as a revolutionary financial technology that has drastically altered people’s understanding of currency and commerce. First designed as a decentralized digital form of money, Bitcoin has advanced considerably beyond its initial purpose. Nowadays, it is not only seen as an investment option but also a credible tool to make payments in a wide assortment of daily contexts. The integration of Bitcoin wallets, which serve as electronic repositories for this cryptocurrency, has enabled it to be employed in various facets of our lives. This article will discuss the extending utility of Bitcoin wallets and…
Grayscale is furthering its commitment to bringing a transparent ecosystem to the community. It is doing so by partnering with NYSE Arca. Both have submitted an application to the SEC, that is, the US Securities and Exchange Commission, requesting a conversion of Grayscale Ethereum Trust (OTCQX: ETHE) into a spot Ethereum ETF. Form 19b-4 will now be reviewed by the SEC for consent. Grayscale has said that this step marks their commitment to converting the crypto investment portfolio into an ETF. It has called this a major milestone and a natural next step in the evolution of the product line-up.…
Moondance Labs, a business involved in developing the Tanssi appchain framework protocol, releases ContainerChains. This is an effective solution and makes it easier for developers to establish application-oriented blockchains. The increase in appchains is welcome for their specific blockspace, customization, and being in tune with blockchain’s prime factors related to safety, governance potential, and decentralization. However, at times, their complex positioning requirements are responsible for bringing various difficulties to projects and forcing greater costs and time periods. More options are required for developers at this time. In the case of smart contracts, quicker delivery is achieved at the expense of…