Author: NBTC

Ark Labs has been established to respond to the need for scalable, low-cost bitcoin payments. Ark’s creator Burak Keceli has moved on to other things, but the protocol and now Ark Labs is continuing to pursue the goal of building on and enhancing what Lightning has brought to Bitcoin. The team behind Bitcoin layer-2 protocol Ark has formed a new company that will build a faster, cheaper payments system on the world’s largest blockchain, aiming to create a better venue than Lightning Network. The new firm, Ark Labs, was established to respond to the need for scalable, low-cost bitcoin payments,…

Ethereum was gaining traction on the market, but that severe and continuous consolidation that led to essentially nothing and just dragged ETH to around $3,800 was a crucial signal that was a hint at the future performance of the asset. The price action of ETH has taken many traders by surprise despite its earlier strong momentum. Ethereum went through a phase of consolidation after encountering resistance at roughly $3,800. This sideways movement, which frequently portends market indecision here, portended the most recent decline that we have seen. Ethereum experienced a significant decline in the last few days, reaching levels close…

The crypto volume market share of the Turkish lira (TRY) has hit an all-time high amid the currency’s depreciation and foreign exchange volatility in the country. According to a report by crypto research platform Kaiko, the uptick in TRY’s crypto volume market share caused the currency to rally past the euro (EUR), becoming the third largest fiat currency by volume. TRY Becomes Third Largest Fiat by Volume Kaiko’s analysis found that TRY’s crypto volume market share hit an all-time high of 19% in early June. The surge was driven by high inflation in the country, which has surpassed 70%, making…

Irys has successfully concluded a strategic funding round led by Lemniscap in an effort to improve on-chain management and combat misinformation. Irys, previously known as Bundlr Network, is a storage layer innovator dedicated to scalable on-chain data solutions. It has processed over 1.9 billion transactions and has gained significant market traction. Irys’ goal is to improve the scalability and efficiency of on-chain data management in blockchain ecosystems. “We are thrilled to have secured this strategic funding round, which positions us well to accomplish the next phase of our growth,” said Josh Benaron, CEO of Irys. “This investment is a testament…

VanEck’s CEO, Jan Van Eck, highlighted an increasing lack of trust in major institutions across the United States. The renowned asset manager made this statement during an interaction with Scott Melker, host of The Wolf Of All Streets podcast. According to Van Eck, the growing distrust affects religious and military institutions in America, including the Congress. He said the most shocking among the distrusted institutions is the media, which is crucial to the financial markets. Responding to Melker’s questions, Van Eck noted that many members of the public want to have some of their wealth outside the banking system because…

Animoca Brands Japan, the strategic subsidiary of Animoca Brands, announced that on June 18 there will be the launch of its NFT launchpad Sorah. The platform will serve to support projects and creators in the sale of their Non-Fungible Tokens. Animoca Brands Japan and the launch of the new Sorah NFT launchpad Animoca Brands Japan and the new NFT launchpad Sorah: the inaugural sales The 20 million dollar funding in the metaverse of The Sandbox Animoca Brands Japan and the launch of the new Sorah NFT launchpad Animoca Brands Japan, the strategic subsidiary of Animoca Brands, will launch on June…

Ethereum (ETH) is showing strength in the volatile crypto market, according to crypto analyst Ali. Large investors, known as whales, recently purchased over 240,000 ETH during a price dip. This significant purchase, valued at around $840 million, demonstrates strong confidence in Ethereum’s long-term value and its crucial role in the global crypto ecosystem. Whales have bought over 240,000 $ETH during the recent #Ethereum price dip, totaling around $840 million! pic.twitter.com/j5jnxJul4q — Ali (@ali_charts) June 12, 2024 Crypto applications built on the Ethereum blockchain are generating revenues comparable to those of several public companies. This highlights the innovation, resilience, and vision…

One key driver behind Solana’s current congestion issues is giving the network a break. Hardhat Chad, the pseudonymous creator of the Ore project, has announced the project will suspend all mining activities, effective immediately. This decision comes just weeks after Ore’s launch, amid growing pains for the Solana network that have included severe congestion issues and network instability. Ore’s price more than tripled on news that the token’s supply would be paused, from around $93 before the announcement to over $300 shortly after, before drawing down to around $215, according to CoinGecko. Solana extended its bearish week even further, falling…

56% of Fortune 500 executives said their firms are actively working on blockchain initiatives, according to Coinbase’s survey published on Thursday. The adoption spans from legacy brands to small businesses, with applications ranging from stablecoins to tokenized Treasury bills (T-bills). In addition, a separate survey from Coinbase shows that Fortune 100 companies are increasingly engaging in on-chain projects, with a 39% year-over-year increase in Q1 2024. According to Coinbase, there is growing mainstream acceptance and integration of blockchain and crypto into traditional financial products and services, represented by the successful launch of spot Bitcoin exchange-traded funds (ETFs) and the tokenization…

In a positive development for Australia, Monochrome Asset Management has launched a spot Bitcoin Exchange-Traded Fund (ETF) on the Cboe Australia exchange. Notably, the Monochrome spot Bitcoin ETF (IBTC) represents Australia’s first and only ETF holding Bitcoin (BTC) directly. Why IBTC stands out Per an earlier report from U.Today, analysts anticipate the new spot Bitcoin ETF in Australia to generate inflows of about $1 billion. Samson Mow, the CEO of Bitcoin technology company JAN3, highlighted IBTC’s unique position on the ETF market. First, he noted that the Monochrome spot Bitcoin ETF offers global investors direct in-kind creation or redemption. This…