Author: NBTC
The halving of the bitcoin block reward isn’t the only thing happening on Bitcoin block #840,000 in the early hours of April 20. The event will also mark the launch of Runes, a new standard for fungible tokens issued directly on Bitcoin. Casey Rodarmor, the creator of Ordinals, developed Runes as an alternative to BRC-20, the first bitcoin fungible token system built on Ordinal inscriptions. Bitcoin was not designed to support such tokens, and BRC-20s only work with help from off-chain indexers that read the data inscribed, a suave way of saying “written to” individual satoshis — rather like shoving…
Solayer, a startup building a product akin to EigenLayer on Solana, opened restaking deposits Thursday afternoon. The invite-only deposit period was capped at $20 million dollars. Users could natively restake SOL on Solayer, or deposit the liquid staking products mSOL, bSOL, JITOSOL, and INF. With the private access launch, Solayer becomes a horse in the race to build a restaking ecosystem on the Solana blockchain. Few Solana restaking protocols have gone live, with the exception of Picasso, which runs its own version of Solana restaking. Read more: Robinhood enables Solana staking for customers in Europe Perhaps in a testament to…
A customer sued Dolce & Gabbana USA on Thursday, claiming the NFTs they purchased lost 97% in value due to the company’s bungled delivery. Bloomberg reported Friday that the Italian fashion house sold the NFTs on Ethereum, promising “a slate of digital, physical and experiential benefits.” It reportedly told consumers that buying its DGFamily NFTs would unlock access to various digital rewards, physical products, and exclusive events. The lawsuit further alleges that Dolce & Gabbana failed to deliver the NFTs and promised benefits on time. The digital outfits, which arrived 20 days late, “could be used only in a metaverse…
Recently 21Shares, a leading company in the issuance of ETPs linked to crypto, analyzed the impact of the technical improvements that will be made by the upcoming Pectra update to the Ethereum blockchain, scheduled for Q4 2024/Q1 2025. On paper, Pectra should bring greater efficiency to the capital locked in staking and greater flexibility in terms of transaction management. In particular, the EIP-7702, recently proposed by Vitalik Buterin, if included in Pectra (replacing EIP 3074) could provide new smart contract functionalities to users’ EOA wallets adding very interesting features.Let’s see what it’s all about. 21Shares: the largest ETP manager studies…
NATIX, a leading decentralized finance, and conventional finance continue, has achieved a significant accomplishment by securing $4.6 million in strategic funding. The achievement has been made possible thanks to the backing from some of the market leaders in the Web3 and blockchain industries. Three prominent whale investors include DCG, Crypto.com, and Velocity Capital who are now added in the list of NATIX supporters. #NATIXIANs, we recently secured $4.6 million in funding thanks to some of the biggest investors in the Web3 and blockchain space 💪Now, three more names, no less impressive, join that list of investors:@DCGco@cryptocom@velocitycap_Read about it 👇https://t.co/cX0juXeaSx —…
David Schwartz, Chief Technology Officer of Ripple, has provided clarity on the timeline for the launch of the company’s stablecoin. Addressing recent speculation, Schwartz clarified that the stablecoin’s launch is not scheduled for June, contrary to some interpretations. Instead, he indicated that updates, including the announcement of the stablecoin’s name, are expected to be shared in June. This clarification follows Ripple’s recent announcement of its entry into the stablecoin market, aiming to enhance the stability and accessibility of the XRP Ledger. The company intends to achieve this by backing the new stablecoin with a combination of U.S. dollar reserves and…
Global payments infrastructure provider Mercuryo announced the integration of its on-ramp solutions into Meteor Wallet. The wallet supports multiple blockchains, digital tokens, and decentralized finance (defi) applications. The feature lets users purchase cryptocurrencies using credit and debit cards or Apple Pay. It facilitates access to the NEAR protocol, a layer-one blockchain that operates as a community-run cloud computing platform. Meteor Wallet is an interface for managing digital tokens and accessing defi services and decentralized applications (dApps) on the NEAR blockchain. Good news for the NEAR fam! 🫠Welcome Meteor Wallet 👉🏽 and get ready to access NEAR ecosystem with ease: buy…
Bitcoin bull Michael Saylor has strategically offloaded 370,000 shares of MicroStrategy stock amid an 80% surge in its price, CNBC reveals. Saylor, the prominent advocate for cryptocurrency, utilized a predetermined stock-sale plan crafted last year, pocketing an impressive $372.7 million from the sales. His actions, largely regarded by experts as programmatic and unrelated to Saylor’s faith in MicroStrategy, have coincided with the company’s meteoric rise in valuation. MicroStrategy’s stock price has witnessed a remarkable ascent, soaring by nearly 80% since the beginning of 2024. Trading at $1,215 per share, the company’s capitalization now stands at approximately $22 billion. Saylor’s decision…
Ethereum’s (ETH) price briefly traded above its 20-day Exponential Moving Average (EMA) during the trading session on May 15, suggesting a momentary decline in selling pressure. However, as the bullish pressure lost momentum, the bears initiated a downtrend, causing the altcoin’s price to trade below this key moving average at press time. Ethereum Bulls Are Yet To Give Up When an asset trades above its 20-day EMA, it is regarded as a bullish signal because it means its current price has surged past its average price of the past 20 days. Market participants interpret it as a shift toward coin…
The Hashgraph Association (THA), the Swiss-based organization at the forefront of global digital enablement, signed a strategic partnership with the Qatar Financial Centre to launch a Digital Assets Venture Studio, a platform to support local Qatari and international portfolio companies in the development of regulatory-compliant decentralized finance (DeFi) solutions and digital assets built on the Hedera Distributed Ledger Technology (DLT) network. The $50 million digital assets venture studio will focus on investments in Hedera-powered Web3 startups and enterprises building bankable DeFi solutions. The program will span over the next five years (2024-2028) with The Hashgraph Association investing $10million (20%). The…