Author: NBTC

The cryptocurrency market in Poland is set to face increased oversight as the government moves to implement the European Union’s Markets in Crypto-Assets (MiCA) regulation into domestic legislation. The draft law, which aims to regulate and supervise the issuance, trading, and provision of cryptocurrency services, will grant the Komisja Nadzoru Finansowego (KNF) new powers, including the ability to block crypto accounts. Under the proposed legislation, the FSC will have the authority to independently block the accounts of cryptocurrency holders for 96 hours (4 days) if there is suspicion that a transaction may be linked to the commission of a crime.…

The average transaction costs on layer solutions like Optimism and Base slide after Ethereum’s Dencun upgrade. The upgrade allows layer 2 solutions to store data in “blobs” instead of the expensive call data. Ethereum’s Dencun upgrade went live on Wednesday, introducing a mechanism to reduce costs associated with transactions on layer 2 solutions that batch and compress transactions before sending them to the mainnet. The latest information shows the upgrade is living up to expectations. According to blockchain analyst Marcov’s Dune-based tracker, the average cost of transactions on scaling solution Optimism has dropped to nearly 4 cents, down significantly from…

While all investors and the market were waiting for the historical moment in Bitcoin, BTC said hello to $ 69,000 yesterday evening. However, this happiness did not last long, and with the selling pressure from $ 69,000, BTC rose to $ 59,000 in about 5 hours. While the market was painted red with this decline, this decline made investors nervous. While it is still unclear whether the correction is over or not, successful analyst Ali Martinez said that Bitcoin is on the verge of a harsher correction according to the MVRV indicator, which is currently at 19.57%, based on Santiment’s…

Ethereum NFT marketplace SuperRare is making the jump to Bitcoin with the launch of a new collection of Ordinals inscriptions by the artist Killer Acid, the platform announced Thursday. San Diego-based SuperRare is a platform for art creators and collectors backed by the Ethereum blockchain. It specializes in single-edition, 1-of-1 digital works and is one of the longest-running platforms in the NFT world. SuperRare partnered with Bitcoin Ordinals marketplace Gamma to bring inscriptions to the platform. While SuperRare did not specify the size of the collection coming April 11, 2024, “No Brainers” will continue that trend on Bitcoin and only…

Genuine Labs developer group’s proposal to enhance the functionality and interoperability of the Terra Luna Classic chain faces roadblocks after notable developers raised concerns over some components slated for in the major core upgrade. LUNC and USTC prices are unfazed by the rejection of the proposal by validators as security upgrades will happen with different versions. Terra Luna Classic Proposal Rejected by Community Signaling proposal 12087 “Genuine Labs Terra Classic Upgrade Proposal” was rejected by validators on concerns raised about the stability of Cosmos SDK 0.50. The proposal aimed to boost Terra Luna Classic functionality and interoperability, with a plan…

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Digital Currency Group, a venture capital firm, has filed a motion to dismiss a criminal suit filed against them by the New York Attorney General’s office. The legal battle between DCG and the NYAG has been ongoing for several months, and is directly entangled with a dispute between two other prominent crypto firms: Genesis, a now-defunct brokerage firm, and Gemini, exchange…

SPACE ID, a prominent player in the Web3 domain sector, has recently announced a strategic partnership with Polyhedra Network. It is a leading infrastructure provider for Web3 interoperability and scalability. This collaboration signifies a major advancement in the realm of decentralized identities (DIDs). Additionally, it introduces cross-chain interoperability to SPACE ID’s extensive network of over 2.8 million Web3 domains. It also unveils 1.4 million domain holders powered by its 3.0 infrastructure. Unleashing Web3 interoperability!🏇Introducing our ecosystem partnership w/ @PolyhedraZK, aiming to unlock ZK interoperability across all Web3 Domains under SPACE ID 3.0.Read: https://t.co/7Lt7zlTIa8Threads for more info on the .zk domain…

Crypto, especially Bitcoin, is a crucial tool against governmental overreach and financial enslavement, says US presidential candidate Robert F. Kennedy Jr. during a fireside chat at ETHDenver 2024 with Caitlin Long, CEO of Custodian Bank. Kennedy’s advocacy for crypto was sparked by the Canadian government’s financial targeting of truckers during the “Freedom Convoy” protests against COVID-19 restrictions. He equates transactional freedom to freedom of expression, arguing that without financial autonomy, civil liberties are at risk. “It occurred to me at that point that if a government has a right to shut down your bank account, then they have the capacity…

Omnisea, a platform dedicated to fostering innovation and creativity, is gearing up to introduce a groundbreaking integration with Ritual. Their groundbreaking integration with Ritual, an open, sovereign AI execution layer, is coming soon. Omnisea will enable Ritual-powered aiNFT Drops in the coming weeks, leading the Crypto and AI revolution. https://t.co/gTCfQmRSiE — Omnisea | Omnichain NFTs (@omnisea) March 14, 2024 Omnisea and Ritual Forge Path for AI-Powered NFTs This project envisions a future where artificial intelligence creates pictures, videos, audio, 3D objects, and more. Because of the growing link between cryptocurrencies and AI, Omnisea wants to be the best protocol for…

An Uphold-affiliated XRP address moved over $162 million worth of XRP as the cryptocurrency’s trading volume and price record substantial surges. On-chain data shows that a blockchain address associated with XRP-friendly exchange Uphold moved a significant sum in the hours leading up to press time. The address transferred 250 million XRP ($162.7 million) to another address tagged as belonging to the exchange. The dynamics around the fund movements suggests the transaction was an in-house transfer from Uphold. Notably, the recipient address has occasionally moved funds to other exchanges such as Bybit. Meanwhile, the sending and receiving addresses cumulatively hold 2.1…