Author: NBTC
Starting with just a handful of pioneers a few years ago led by Arbitrum and Optimism, there’s been a rapid multiplication of layer-2 networks atop Ethereum, designed to provide an alternate venue for executing transactions, usually cheaper and faster. The tracking website L2Beat now lists 73 active layer-2 projects, 20 layer-3 projects, 81 upcoming projects and 12 already archived. That’s the backdrop for why Alex Gluchowski, CEO of Matter Labs, the main developer firm behind the ZKsync layer-2 protocol, sees fragmentation as the next big challenge the blockchain space needs to tackle. “Right now the race is to solve the…
On August 5, Ethereum’s (ETH) price dropped to $2,226, causing the broader market to panic. But since then, the altcoin has been able to erase some of the losses, trading at $2,660 at press time. However, investors are wondering whether ETH has survived its most difficult phase. This on-chain analysis reveals the answer. Ethereum’s Bull Run Is Back on Track One way to assess this is by analyzing the Market Value to Realized Value (MVRV) pricing bands. These bands allow investors to estimate the price levels at which a cryptocurrency will reach a high level of unrealized profits or losses.…
A bold claim on X – “Crypto is the currency of AI” – has ignited a fiery debate within the crypto community. The statement has drawn strong reactions, pitting supporters of fiat and crypto against each other in a discussion about the future of payments in the AI industry. Crypto is the currency of the AI. — Naval (@naval) August 27, 2024 The spark was lit by a crypto user known as Naval, whose post quickly went viral. While some argue that fiat currencies like the US dollar remain dominant in AI transactions, others, including prominent figures in the crypto…
FLOKI token holders now have an exciting opportunity to stake their $FLOKI tokens and earn $TOKEN rewards through the TokenPocket wallet. This new staking option aims to provide a seamless and accessible experience for all users. Stake and Earn with FLOKI! Users can now stake their $FLOKI tokens, and earn $TOKEN, with TokenPocket! 👉 https://t.co/6zXKJDTIMjEasy Access: #Floki Staking is now integrated with the TokenPocket wallet, and you can find it on the Trending DApp List on the Ethereum network.… pic.twitter.com/bHYbnWgmap — TokenPocket (@TokenPocket_TP) July 2, 2024 FLOKI Staking Featured on Ethereum’s Trending DApp List First of all, the staking of…
Crypto and blockchain inherit a lot from the big-tech centric Web2, including semi-regular downtime. On Oct. 4, 2021, Facebook went offline for about seven hours — the same amount of time that the Telegram-linked blockchain TON just spent offline. TON was apparently crashed by a memecoin airdrop, DOGS, with a canine mascot that’s said to have been created by the arrested-but-not-yet-released Telegram CEO Pavel Durov. Facebook’s October 2021 outage was arguably its most high profile to date. No Facebook, no WhatsApp, no Instagram — Web2’s flagship apps were dark to the outside world. On the ground, devs and other problem…
Crypto market cap surges to $2.08T, with Bitcoin reclaiming $61,000 for a short period of time. Ethereum price rose to $2,600. Technical analysis and ETF flows present mixed signals for ETH’s short-term outlook. Ethereum finds itself at a critical juncture as the broader cryptocurrency market experiences a resurgence, with the total market capitalization dropping to $2.08 trillion from $2.14 trillion. This drop has pulled Bitcoin back above and below the $58,000 level from the $61,000 mark. Ethereum has followed suit with a gain, accompanied by a drop shortly after. The second-largest cryptocurrency by market cap has been trading within a…
Crypto index fund manager Bitwise is set to acquire the assets of its rival, Osprey Bitcoin Trust. Bitwise, the largest crypto index fund manager in the U.S., announced in a press release on Aug. 27 that it has entered into an asset purchase agreement with Osprey Funds to acquire the assets of the Osprey Bitcoin Trust. While the financial details of the transaction were not disclosed, OBTC unitholders under the terms of the deal will receive BITB shares in a liquidating distribution, with no changes expected for existing BITB holders. According to data from Osprey Funds’ official website, the trust…
In a significant move that has intrigued the cryptocurrency community, major whale activity was observed as 1.28 trillion PEPE tokens exited Binance. This large transaction was reported by Whale Alert, a prominent blockchain tracker that monitors substantial crypto transfers. The transaction involved a colossal 1,286,733,285,955 PEPE tokens, valued at approximately $14,745,963, moving from Binance to an unknown wallet. 🚨 1,286,733,285,955 #PEPE (14,745,963 USD) transferred from #Binance to unknown wallethttps://t.co/EXqp5mJh4K — Whale Alert (@whale_alert) July 2, 2024 However, upon closer scrutiny, a detail emerged that added an interesting layer to the narrative. Data from Etherscan suggests that the recipient was none…
Aura Network officially announces the strategic integration with SubWallet, one of the non-custodial wallets with millions of active users on Polkadot and Ethereum networks. The cooperation is expected to boost the infrastructure development for programmable IP services on both networks. Aura Network x SubWallet Partnership announcementWe’re thrilled to announce that Aura Network has officially integrated @subwalletapp, a pioneer non-custodial wallet with millions of users that supports both the Polkadot and Ethereum ecosystems.The partnership with SubWallet… pic.twitter.com/wBaHjqQesV — Aura Network (@AuraNetworkHQ) August 28, 2024 Aura Network Aims to Enhance Cross-Chain Transactions Through this Partnership This partnership allows the Aura Network users…
The price of Bitcoin (BTC) is in a bullish correction mode, a twist that might not last long. This is because some macroeconomic events are now weighing on the coin. If unguarded, Bitcoin long traders might face massive liquidation as a short-term reaction to uncertain economic trends. Bitcoin (BTC) Price and Impact on Altcoin Bitcoin (BTC) price at the time of writing was trading at $59,326.10, up by 1.32% in 24 hours. The coin recovered from its 24-hour low of $57,690.65 as traders resisted heightened volatile selloffs. According to market analyst @Seth_fin on X, Bitcoin has seen its dominance shift…