Author: NBTC
Okto Chain will allocate 1% of its upcoming token to incentivize early builders who start using the Okto software development kit. According to a press release shared with crypto.news, Okto, a blockchain focused on chain abstraction, has launched a Grant Program allocating 1% of its total OKTO token supply to reward developers who start building on the Okto Chain using its SDK and embedded wallet before the Token Generation Event. Announced during the Token 2049 event in Singapore, the grant aims to encourage early adoption by helping developers integrate advanced Web3 features into their decentralized applications on Okto Chain. Launched…
Binance announced a new cooperation with Amazon’s AWS Cloud, employing generative AI solutions. This AI technology will focus on the user experience for Binance’s 237 million consumers. If the initial results seem promising, Binance will employ AWS Cloud AI for more behind-the-scenes functions. Binance’s AI Improvements According to an exclusive press release shared with BeInCrypto, Binance is partnering with Amazon Web Services (AWS). Specifically, the exchange will employ AWS’ cloud and generative AI functions to enhance the user experience. AWS is the only cloud provider sponsoring Binance Blockchain Week, and sees an opportunity for continued cooperation. “We are excited to…
Bitcoin’s (BTC) bulls are under pressure as they attempt to minimize the downward trajectory of the maiden cryptocurrency amid a general market sell-off. Focusing on how Bitcoin might navigate the current conditions, cryptocurrency analyst Ali Martinez, in an X post on September 4, pointed out that based on technical indicators, the asset faces the potential for further losses. Martinez noted that investors should anticipate a possible drop in Bitcoin’s price if the asset fails to breach a key trendline around the $68,000 mark. Indeed, the expert illustrated the significance of this trendline on Bitcoin’s weekly timeframe. Since April 2024, Bitcoin…
With a dozen ecosystem partners in place, confidential Layer 2 COTI launched its testnet. Among the partners supporting COTI’s scalable EVM network, which intends to provide web3 users with reasonably priced privacy solutions, are MyEtherWallet (MEW) and AnChain. Partnerships from a wide range of blockchain sectors, including those focused on DeFi, AI, Security and Compliance, NFTs, and Real World Assets, have been drawn to COTI’s privacy chain. The wide range of ecosystem partners who have backed COTI’s testnet and mainnet launch highlight the importance of privacy in the evolution of blockchain technology. With the launch of COTI’s testnet, developers may…
Does your country run free and fair elections? How do you know? Do you trust the results? Are you satisfied with how it organizes voting and results-gathering, or is there room for improvement? Democracy as a topic is in the headlines constantly this year, with national elections in several of the world’s most influential countries. Technology is playing an ever-greater role, from voting machines to ballot scanners and digital tallying. Whether you find this topic controversial or would simply prefer a more efficient process with fully provable and auditable outcomes, blockchain offers a potential solution that all democratic governments should…
Franklin Templeton’s OnChain U.S. Government Money Market Fund can now be traded on Coinbase’s Base blockchain. This marks the first time an asset manager is building on the layer-2 blockchain. The fund, which has a $410 million market cap, is available on five other blockchains, with Stellar being the primary network. Wall Street giant Franklin Templeton said its OnChain U.S. Government Money Market Fund (FOBXX) is now available on Coinbase’s (COIN) layer-2 blockchain, Base. Base becomes the sixth blockchain that shares of the fund can be traded on. They are already available on Arbitrum, Polygon, Avalanche, Aptos and Stellar, which…
Web3 startup Outlier Ventures has announced that the widely believed four-year cycle in Bitcoin’s price action has ended following what it describes as the cryptocurrency’s worst post-halving performance to date. “Four months after the last Bitcoin halving, we are witnessing the worst price performance after any halving to date,” Jasper De Maere, Head of Research at Outlier Ventures, said in a report. Bitcoin halving events, which occur approximately every four years and reduce miners’ block rewards by 50%, have traditionally been seen as catalysts for significant price increases. However, this year’s halving, which took place on April 20 and reduced…
A crypto whale, going by MrLubd, made headlines by purchasing a massive 1.72 trillion Baby Doge tokens, valued at $1.37 million. This move has already yielded a remarkable 228% return, with the investment now worth $3.14 million. Data from The Data Nerd highlights the transaction and its impressive gains. Other smart money of $BABYDOGE was detected.Within 3 years, this one – #MrLUbd accumulated 1.72T $BASBYDOGE for $1.37M (at avg entry $0.0000000008).Just now, his investment turned into $3.14M (ROI ~ 228%)Address:https://t.co/ZnoQfg1Dfc pic.twitter.com/KAw5SYKvzS — The Data Nerd (@OnchainDataNerd) September 17, 2024 PancakeSwap Transactions and OpenSea Connection The purchase involved a series of…
In Japan, the arrest of 18 people recently made headlines around the world, with police tracking Monero transactions to catch those involved in money laundering activities that took place as early as 2021. This case shows that even highly secure cryptocurrencies such as Monero are not protected from prosecution. However, it is not known exactly how the identities of those involved were discovered. Monero has become known for its data protection functions. Unlike Bitcoin or Ethereum, where transactions can be tracked in a public ledger, Monero hides transaction details and wallet balances. Privacy technologies such as ring signatures, stealth addresses…
Neon EVM’s CPO addresses Bitcoin’s L2 debate on liquidity distribution and developer resources in blockchain industry. Liquidity fragmentation on Bitcoin is a necessary issue to reach scalability – Neon EVM exec Bitcoin’s L2 projects aim to enable smart contracts and improve scalability, but introduce liquidity fragmentation. Talent scarcity in blockchain development poses challenges for Bitcoin’s smart contract ecosystem growth. According to Signal21 Analytics data, 21 layer-2 (L2) projects are being built on Bitcoin’s (BTC) ecosystem. The idea behind these projects is to enable smart contract functionality for Bitcoin while raising the mainnet scalability without changing its fundamentals. Although it certainly…