Author: NBTC
Uniswap Labs has recently shared the list of the per-week number of pools that are emerging on the prominent blockchains. The data provided by Uniswap Labs, the company behind the well-known decentralized finance protocol Uniswap, includes Optimism, Arbitrum, Polygon, Ethereum, and Base. The platform took to its official social media account to provide the details of these pools. Weekly number of pools being created on Uniswap v2Optimism: 342Arbitrum: 1,866Polygon: 2,989Ethereum: 118,820…and Base: 512,545 🔵 pic.twitter.com/VkBPaY4qMq — Uniswap Labs 🦄 (@Uniswap) August 19, 2024 Uniswap Labs Shares the List of Cumulative Weekly Pools Developed on Top Blockchains In its exclusive X…
Shiba Inu price has the potential to rise to the $0.00018 territory if someone burns 410 trillion SHIB like Ethereum founder Vitalik Buterin did in 2021. The broader market has continued to dictate Shiba Inu’s price over the years. As a result, SHIB, which has followed in Bitcoin’s (BTC) footsteps since launch, has witnessed a series of price upswings and declines. The meme coin is currently 80.6% down from its ATH of $0.00008845. Besides the broader market trend, Shiba Inu price is also a product of unique market demand and token burns. A proper combination of increased demand and reduced…
Kyrgyzstan has proposed amendments to laws governing its central bank and the payments industry to pave the way for a central bank digital currency (CBDC). The National Bank of the Kyrgyz Republic (NBKR) has stepped up its CBDC development this year. In March, it selected 12 companies that had submitted proposals for a digital som. They included New York-based R3, the company behind the Corda blockchain, and Germany’s Giesecke+Devrient (G+D), which is conducting similar CBDC projects with Mauritania, Thailand, Brazil, and Ghana. A month later, the central bank revealed that it had developed a demo version of the digital som…
Miners listed in the U.S. have an advantage over private peers as they can raise capital easily, the broker said. Bernstein said it sees the large publicly traded U.S. bitcoin miners as consolidators in the sector. Leading miners should focus on growing market share and increasing their hashrates, the report said. Bitcoin (BTC) miners listed in the U.S. have a large advantage over their unlisted peers because their easier access to funding offers them more financial options than privately held firms or those that trade elsewhere, broker Bernstein said in a research report on Monday. “Being able to raise debt/equity…
Several days of mostly quiet price action came to a fast end during U.S. trading hours Thursday afternoon, with cryptocurrencies suddenly plunging and sending bitcoin (BTC) to its weakest level since just after the early August market panic. At press time, bitcoin was changing hands at $57,700, down nearly 3% from its price just about an hour earlier. Other majors saw even steeper declines, including ether (ETH) and solana (SOL). The broad market gauge CoinDesk 20 Index was lower by 3% from 24 hours ago. Summer 2024 has been notable for two previous panicky declines, the first of which occurred…
According to one analyst, a significant drop in transaction fees on the Ethereum network could signal a bullish trend for ETH. “Any time ETH gas fees bottom, it usually signals a price bottom in the medium term,” said Ryan Lee, chief analyst at Bitget Research. Lee also suggests that ETH prices tend to recover strongly after such a cycle, and if this coincides with interest rate cuts, the market’s growth potential increases. Gas fees, the fee users pay to transact on the Ethereum network, recently dropped to as low as 0.6 gwei, with low-priority transactions costing just 1 gwei or…
Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem, hints at plans to reveal his identity at today’s IVS Crypto event in Kyoto. According to the post, Kusama teased plans to engage in his first-ever meet-and-greet with Shiba Inu community members during the ongoing IVS (Infinity Venture Summit) event in Kyoto, Japan. The lead developer disclosed that he would be at Shiba Inu’s dedicated booth at the event today at noon for the meet-and-greet session. “I’m excited to meet you all in Kyoto #shibarmy,” Kusama remarked. See you tomorrow at around noon in the @IVS_Official Shiba Inu booth for…
A recent court order in Dubai appears to have legitimized salary payment using crypto, but some experts point to unanswered questions. It is unclear whether the ruling will be appealed. A Dubai court ordered a company to compensate a worker through a cryptocurrency token, as stipulated in the employment contract, a legal precedent that raises several questions even as it lends some legitimization to crypto in the region. The ruling does not, however, necessarily mean crypto is legalized for salary payments in general, two Dubai-based lawyers told CoinDesk. “The ruling merely recognises a specific Virtual Asset (EcoWatt Tokens) as being…
FinalSpark’s AI biocomputers operate at 100,000 times the efficiency of silicon-based systems. Organic AI biocomputers by FinalSpark have a lifespan of 100 days. Rental human brain cell-powered AI access is now available for $500/month. A Swiss technological firm, FinalSpark has introduced a service that provides scientists with biocomputers derived from human brain cells, which are hosted in clouds and cost $500 per month. This new technique offers a low-cost training tool for non-deep learning-based AI models, which should make the most of the power of AI with less energy demand, as solutions based on deep learning do. Advancing AI with…
The price of Bitcoin, the leading cryptocurrency, recently experienced abnormal volatility, plunging to an intraday low of $57,002. According to data provided by CoinGlass, more than $120 million worth of crypto has been liquidated over the past 24 hours alone. Pseudonymous Bitcoin trader @Alejandro_XBT, who boasts more than 120,000 followers on the X social media platform, has predicted that the Bitcoin price could potentially test the $30,000 level. The chartist drew parallels between Bitcoin’s current price action and 2022. However, it is worth noting that the FTX collapse was a major bearish catalyst since the entire industry appeared to be…