Author: NBTC
UK Prime Minister Rishi Sunak recently announced a snap election, placing the country’s political situation into uncertainty and turmoil. In response, crypto executives have turned to the competition to gather support and lobby for clearer crypto regulation. According to a report from Bloomberg, two nights prior to Sunak’s announcement, crypto executives gathered on a House of Commons terrace, mingling with lawmakers over wine and canapes. This event was, according to Bloomberg’s sources, organized by US-based crypto exchange Coinbase Global Inc. and its adviser, former Conservative Chancellor George Osborn. This session was claimed to be part of a concerted effort to…
MultiversX, a blockchain protocol offering horizontal scalability with the use of sharding technology, has announced a new collaboration. As per the platform, it is partnering with eCornell University to roll out a thorough and completely sponsored project for blockchain-related education for needy students. Before this, the company has also collaborated with other institutions like ELTE Budapest and the University of Vienna. MultiversX and eCornell University Partner to Unveil a Blockchain Education Project The project signifies an exclusive move in the commitment of MultiversX to spread education around the world. Additionally, the platform has also effectively conducted hackathons and preliminary blockchain…
Cryptocurrency analyst, PlanB has identified a developing trend in the Bitcoin cycle following the recent halving event. In a video upload, PlanB used multiple chart indicators, including his proprietary Bitcoin Stock-to-Flow model (S2F), to compare BTC’s trend with past bull cycles. Using the S2F model, PlanB demonstrated that Bitcoin is primed for the next leg of the bull run, having completed an initial phase shortly after last April’s halving event. Per the analysis, closing last month slightly above $67,000 confirms the start of the new cycle. The analyst predicts Bitcoin will surge similarly to the previous halving cycle, forecasting a…
MetaMask, a leading Ethereum wallet and browser extension, has launched its pooled staking service, allowing users to stake any amount of ETH. Ethereum staking is the mechanism by which validators on the proof of stake network participate in consensus, or the verification of transactions before they’re added to the blockchain. If their nodes process blocks of transactions that are online and process blocks when assigned, they collect rewards. And if they don’t, they can see their staked ETH slashed as a penalty. But users need 32 ETH to become a validator—a criteria that 99% of holders fall short of, MetaMask…
Holdstation announced that it has taken a significant step in the development of smart artificial intelligence wallets by receiving a significant investment from SNZ Capital, Summer Ventures and EVG Ventures. Holdstation Receives Major Investment to Develop Smart AI Wallet This strategic funding in Phase 2 will support Holdstation’s efforts to combine advanced artificial intelligence with simplified blockchain interactions and redefine how users manage their portfolios. Following the implementation of Account Abstraction, Holdstation has experienced significant user growth and positioned itself as the leading Account Abstraction wallet and perpetual decentralized exchange (DEX) on zkSync. What is Holdstation? Holdstation zkSync Era is…
In the dynamic world of cryptocurrency, the TON Foundation is breaking new ground by championing community-driven tokens and meme coins through its exciting initiative, Memelandia. Recognizing the power of humor and engagement, TON aims to shift the perception of meme coins from mere online jests to pivotal community-building tools within the blockchain space. Revolutionizing Community Engagement Memelandia emerges as a vibrant cultural hub dedicated to elevating meme coins beyond their playful origins. By hosting The Open League, Memelandia offers these tokens a platform to shine, fostering competition among communities as they vie for recognition and rewards. This initiative not only…
Terraform Labs CEO Chris Amani said Terra will become a community project as the company winds down following a $4.5 billion SEC settlement. Amani wrote on June 12 that the community must “take over ownership of the chain.” He said that certain teams and developers want to handle the project and will announce their intent on the forums. Amani added that Terraform Labs “always intended to dissolve” and can now do so. He said the company was “well positioned to accelerate” if it had won the SEC case but no longer can operate because it lost the trial. Terraform Labs…
SubQuery Network, a Web3 infrastructure provider, has introduced two new decentralized Remote Procedure Calls (RPCs) for efficient data management on the Polkadot and Kusama networks, according to a June 11 statement shared with CryptoSlate. SubQuery said these RPCs are the first decentralized ones on Substrate-based networks and will be operated by over 30 independent Node Operators. This will allow developers to build blockchain projects that can function efficiently and access data from multiple sources. SubQuery’s RPCs RPCs are crucial for communication between blockchain nodes and external entities as they facilitate data retrieval, smart contract interactions, and transaction submissions. Additionally, the…
Thailand has joined the Bitcoin exchange-traded fund (ETF) trend by approving One Asset Management (ONEAM) to launch a Bitcoin ETF, as reported by the Bangkok Post. However, access to the instrument will be limited to wealthy and institutional investors. As approved by the Thai Securities and Exchange Commission (SEC), the ETF is named the ONE Bitcoin ETF Fund of Funds Unhedged and is scheduled to be distributed between May 31 and June 6. The Bitcoin ETF comes with an investment risk level of eight. The approval came about two months after the Thai SEC amended its local rules to allow…
Recent data from CryptoQuant indicates a bearish outlook for Ethereum (ETH), suggesting that the current downward trend might continue if prevailing conditions persist. Ethereum, struggling to maintain momentum above the $4,000 mark, is facing significant pressure from futures market participants. $ETH’s plummet might persist in the short term“This trend suggests that the majority of futures traders have been selling #Ethereum aggressively, either for speculative purposes or to realize profits.” – By @Greatest_Trader Link 👇https://t.co/yz9DVphQ8l — CryptoQuant.com (@cryptoquant_com) June 11, 2024 The provided chart illustrates the seven-day moving average of the Taker Buy Sell Ratio, an indicator used to gauge the…