Author: NBTC
Ethereum’s Beacon Chain supports $125B in economic security, 10K participants, and offers recovery via slashing mechanisms. The Ethereum Foundation invests in zkVM projects to enhance scalability and security with cutting-edge blockchain technology. The launch of the Beacon Chain on December 1, 2020, was a watershed moment for Ethereum. The proof-of-stake (PoS) chain began slowly, with 0.5 million ETH invested on day one, and provided no immediate rewards to users. However, this experimental phase has recently transformed into a robust foundation unparalleled in blockchain history. Through both Layer 1 (L1) and Layer 0 (L0), Ethereum researcher Justin Drake claims the Beacon…
The Uniswap Foundation is investing $1.2 million to boost security audits for developers working on Uniswap v4 hooks. The new fund will connect projects with top audit firms and subsidize costs, making high-quality security accessible. Audit service providers can apply from October 25 to November 8, aiming to strengthen Uniswap’s security landscape. The Uniswap Foundation is initiating security within its ecosystem allocating $1.2 million to Areta for the Uniswap Foundation Security Fund. This fund aims to support developers building Uniswap v4 hooks. As new functionalities emerge, such as dynamic fees and custom liquidity curves, security becomes increasingly vital. Consequently, this…
Cryptocurrency exchange Coinbase has begun notifying its European customers about the upcoming restrictions on certain stablecoins due to the upcoming Markets in Cryptoassets (MiCA) regulatory framework. The restrictions affect users of Coinbase Europe Limited and Coinbase Germany GmbH and will come into effect on December 13, 2024 at 11:59 AM ET. Coinbase explained in an email to its users that certain stablecoins will face restrictions because they do not yet comply with MiCA requirements. Affected assets include USDT, PAX, PYUSD, GUSD, GYEN, and DAI, collectively referred to as “MiCA-restricted assets.” While services for restricted stablecoins have been suspended, Coinbase has…
BitMEX co-founder Arthur Hayes on Wednesday predicted a sharp rise in Bitcoin (BTC) as geopolitical conflicts escalate, driving inflation and increased government spending. In a blog post, Hayes argued that the U.S. government’s financial response to conflicts in the Middle East would spur money printing and fuel the next bull run for the Bitcoin price. “We know that war is inflationary. We understand that the U.S. government must borrow money to sell bombs to Israel,” Hayes wrote. “We know that the Fed and the U.S. commercial banking system will buy this debt by printing money and growing their balance sheets.…
Orderly Network has introduced its perps omnichain orderbook on Solana. By doing this, the network aims to bring a groundbreaking solution to decentralized finance (DeFi) trading. With this integration, Solana users can now seamlessly trade across more than 30 decentralized exchanges (DEXs). The users can also access 73 trading perpetuals without limitations. It marks a significant step in unifying EVM and non-EVM ecosystems. The Solana launch is a pioneering milestone in DeFi. It combines EVM and non-EVM orders into one unified perps orderbook. Orderly Network’s innovation allows users to trade directly across chains without requiring traditional bridging or wrapping. This…
Will a supply surge within a rising channel push Ethereum’s price below $3,600 as the crypto market experiences a momentum drop? With a sudden shift in intraday sentiment, Ethereum is edging closer to the $3,600 support level. After a 2.41% decline in the past 24 hours, Ethereum’s market cap has fallen to $435 billion. As Bitcoin tests the $95,000 support, will the sudden loss of momentum in the crypto market drag Ethereum below $3,600? Let’s find out. Ethereum Warns Channel Breakdown On the 4-hour chart, Ethereum’s price action shows a rising channel pattern. Currently, the price trend reveals a bullish…
The Tron blockchain network has experienced a significant increase in energy availability over the last three months. This increase allows more smart contract transactions without congestion cost spikes. Energy on the Tron network is essential for executing these transactions. IntoTheBlock reports that the amount of energy has recently doubled. This rise suggests the network can handle more smart contract activities. More energy helps maintain transaction costs even during periods of high demand. Tron users need energy to perform actions like executing smart contracts and interacting with decentralized apps. The amount of Energy on the @trondao network has doubled in the…
DMM Bitcoin, a Japanese crypto exchange is shutting down its operations according to a recent report by Nikkei Asia. The exchange was unable to recover from a massive fraud incident that occurred earlier in May, 2024, resulting in the loss of 48.2 billion yen. The overall losses of this exchange are equivalent to $321 million. DMM Bitcoin has now confirmed its liquidation and transfer of customer assets to SBI VC Trade by March, 2025. SBI VC Trade is a subsidiary of the SBI group. With this acquisition, SBI is anticipating a trouble-free transition for the existing users of DMM Bitcoin.…
Bitcoin dominance reaches a new cycle high of 58.91%, a level last seen in April 2021. A major factor in rising bitcoin dominance is ether’s relative underperformance. The cryptocurrency market as a whole continued moving higher on Wednesday, led by bitcoin (BTC), which extended its week-over-week gain to more than 12%, rising above $68,000 for the first time since late July. The broad market gauge CoinDesk 20 Index was higher by just 9% over the same time frame. Bitcoin’s “dominance,” i.e. its share of the total cryptocurrency market capitalization, has now jumped to 58.91% from 57.13% at the start of…
Libeara, a tokenization platform developed by SC Ventures, Standard Chartered Bank’s fintech innovation and investment arm., plans to launch a US dollar tokenized money market fund in Singapore. The head of business development at Libeara, Alexandre Deschatres, reportedly disclosed this in an interview with Hong Kong newspaper Xin Bao. According to the reports, the tokenization platform will launch the fund on Ethereum in partnership with FundBridge Capital, a licensed fund manager in Singapore, and Wellington Asset Management in the US. Deschartres stated that the fund will launch on the Ethereum mainnet, and they will first evaluate the liquidity of US…