Author: NBTC
The Ethereum network is poised for a significant transformation with its latest software update, Dencun. This update, dated March 13th, is expected to reduce operational costs, especially on Layer 2 networks. Such development may open the door for open access that could breed unprecedented innovation within the Ethereum ecosystem, affecting decentralized finance (DeFi), gaming, and many other applications. Dencun Upgrade Impact on Layer 2 Networks The Dencun upgrade presents a mix of the “Deneb” and “Cancun” updates, representing an innovative way of data storage inside the Ethereum network. In the past, Layer 2 blockchains, such as well-known chains like Arbitrum,…
While the leading cryptocurrency Bitcoin has continued to grow since its launch, some have accepted that BTC is a currency while others have argued that it has no value. However, while BTC continues to prove itself day by day, JP Morgan CEO Jamie Dimon, known for his hostility towards Bitcoin, made new statements. I Will Never Buy Bitcoin! Speaking to CNBC at the Australian Financial Review business summit, the famous CEO continued his criticism of Bitcoin, saying that most of BTC’s practical uses are illegal activities such as sex trafficking, fraud and terrorism. “I don’t know what Bitcoin is for,…
Shiba Inu ecosystem leader Shytoshi Kusama has released a cryptic tweet declaring SHIB a Dogecoin killer amid Shiba Inu’s move to knock out DOGE. Data from CoinMarketCap shows Shiba Inu is now the tenth most prominent cryptocurrency, having garnered a valuation of approximately $23 billion. This valuation puts Shiba Inu right behind its biggest rival in the meme token landscape, Dogecoin. DOGE holds a market cap of $26 billion. Essentially, between Shiba Inu and Dogecoin is just about $3 billion. This close margin has raised significant hopes among the SHIB Army that Shiba Inu could knock out DOGE soon. The…
Alchemy Pay, a major fiat-crypto payment gateway, partnered with Ethereum-based Layer 2 network ZKFair. The partnership aims to make buying ZKFair’s cryptocurrency, $ZKF tokens, easy. Meanwhile, ZKFair, a community-run Layer 2 network, is at the forefront of Ethereum innovation. ZKFair is a scalable and efficient decentralized transaction platform. It uses Lumoz ZK-RaaS and Polygon CDK and Celestia DA technology. Safe and cheap transactions are made with the stablecoin USDC as its gas token. .@ZKFCommunity token $ZKF is now available through #AlchemyPay’s Fiat On-Ramp.Through the portal on #ZKFair’s website, community members can conveniently and securely obtain $ZKF using their preferred fiat…
Kremlin is planning an establishment of a blockchain-based payment system within the BRICS nations. Yury Ushakov, an advisor to the Kremlin,ponted out the importance of this autonomous payment system, leveraging technologies such as blockchain and digital currencies. The move is focused at creating a reliable, apolitical, and practical payment infrastructure for governments, businesses, and individuals. Ushakov asserted that the main objective in the following year would be to bolster the BRICS nations’ standing in the global financial and monetary system. Referring to the 2023 Johannesburg Declaration, he highlighted the leaders’ commitment to prioritize national currency settlements and strengthen correspondent banking…
Bitcoin’s sharp rebound from Tuesday’s plunge indicates a start of a new rally targeting $76,000, Swissblock said. QCP Capital forecasted that bitcoin will break higher in the near term after “extremely impressive” bounce. U.S.-listed spot bitcoin ETFs saw massive inflows during the plunge, indicating that investors bought the dip helping prices recover Bitcoin’s (BTC) record-setting move above $69,000 quickly turned into a bloodbath on Tuesday, but its rapid recovery to $67,000 one day later may foreshadow another imminent run for new all-time highs, according to crypto analytics firm Swissblock. Swissblock analysts noted that with yesterday’s plunge, bitcoin successfully retested the…
World-renowned auction house Christie’s officially debuted their first on-chain generative art collection entitled SOURCE (On NFTs) on Thursday, with over 400 pieces created by crypto and NFT artist Robert Alice. According to Christie’s website, the works are “a form of digital graffiti” that recasts “the tradition of color field paintings” made popular by abstract painters in the mid-nineteenth “as a celebration of the RGB color spectrum that characterizes digital art.” Christie’s and Alice Make History With New Collection “Referencing the importance of blockchains as a new form of publishing, and the idea of NFTs as fundamentally made out of text,…
Ethereum price is consolidating near the $4,000 zone. ETH is again moving higher as the bulls seem to be aiming for a move above the $4,200 level. Ethereum traded to a new multi-month high above $4,080 before correcting lower. The price is trading above $4,000 and the 100-hourly Simple Moving Average. There was a break above a key contracting triangle with resistance at $4,025 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its increase if it clears the $4,085 resistance zone. Ethereum Price Regains Strength Ethereum price spiked above the $4,000 resistance zone, like…
New York City-headquartered blockchain startup Monad Labs is seeking $200 million to build the scalable smart contract distributed ledger. Monad Labs, a blockchain startup founded by former Jump Trading staff, is reportedly aiming to secure $200 million in funding and is already in talks with crypto venture firm Paradigm, which has indicated its intention to lead the funding round with a commitment of $150 million, Fortune has learned, citing sources familiar with the matter. While other investors are also being approached, their identities have not been disclosed. At the time of writing, Monad Labs has not made any public statements…
Amid the latest Shiba Inu upsurge, a SHIB investor has secured a profit of over $1,580,000 ($1.58 million) with an initial investment of $2,521 in early 2021. Lookonchain, a blockchain surveillance platform with a knack for spotlighting these plays, revealed the impressive investment move in a recent post on X. Citing on-chain data, the platform noted that the investor first entered into the Shiba Inu market with a total of $2,521 in 2021. This trader spent only 1.51 $ETH($2,521) to buy 49.8B $SHIB($1.93M currently) in 2021! After 2.6 years of staking, he withdrew all 40.5B $SHIB($1.58M) and deposited it into…