Author: NBTC
Ethereum founder Vitalik Buterin, one of the most influential figures in the crypto industry, has recently articulated some provocative views on the subject, stirring robust discussion within the community. At the heart of Buterin’s commentary is the notion of “public legitimacy” — a principle that he suggests both individuals and organizations in the crypto sphere must deeply respect. He reflects on two significant crises: the first involving Sam Bankman-Fried and the second concerning the OpenAI board. Buterin’s main contention is that the foundational sin in both situations was not merely the controversial actions taken but the disregard for a transparent…
The Shiba Inu community, or SHIB army, has been stunned and delighted by Grok’s revelation, as it hinted at the potential of the Shibarium community in the crypto space. The conversation was shared by Lucie, a Shiba Inu team member. The revelation came during a conversation between Grok, the artificial intelligence chatbot created by Elon Musk’s xAI, and a SHIB community member, who asked the chatbot about its opinion on Shibarium. Why #Shibarium community is the best by #Grok 😍 pic.twitter.com/e9LS4nRkwO — 𝐋𝐔𝐂𝐈𝐄 | Shibarium ⛓️ (@LucieSHIB) February 10, 2024 Grok highlighted the strong focus on community engagement for Shibarium,…
During a CNBC interview, Michael Saylor highlighted the ETF-driven demand surge for bitcoin, citing its novelty, digital nature, and global appeal. Saylor also said that MicroStrategy will be re-branding into a bitcoin development company, given the success of its crypto focus. Michael Saylor, MicroStrategy’s (MSTR) co-founder and executive chairman, says the recent listing of bitcoin (BTC) exchange-traded funds (ETFs) is pushing up the token’s price as there is a massive imbalance in the crypto’s supply and nearly a decade of pent-up demand for a retail accessible BTC product. “There’s ten times as much demand for bitcoin coming into these ETFs…
The Ethereum (ETH) price broke out from long-term horizontal and diagonal resistance levels. The weekly RSI is giving a signal that preceded a parabolic ETH increase in the previous market cycle. Will Ethereum Accelerate Increase? The ETH price has increased gradually since falling to a low of $880 in June 2022. The upward movement was constrained by an ascending resistance trend line, which caused four rejections (red icons). The most recent occurred in December 2023. ETH also created higher lows during the upward movement, accelerating the increase every time ETH bounced (green icons). The most recent bounce occurred in October.…
SWIFT and institutional products like FedNow have dominated the payments market, but with blockchain solutions from Ripple, Hedera and others gaining popularity, the end is nigh. Unlike SWIFT and FedNow, blockchain platforms are instant, have lower fees, are accessible 24/7, eliminate middlemen, and give users ownership of their data. Global trade relies on efficient payment systems, and for decades, the same few players have dominated the sector. Despite their inefficiencies, the likes of SWIFT have been the go-to services for cross-border funds transfers. This is changing, and as Ripple, Hedera, Stellar, and other blockchain networks become more prominent, the legacy…
Ripple CTO David Schwartz joins a discourse on X about the mainnet activation of AMM on XRP Ledger (XRPL) following a setback in the past week. The AMM amendment, which stands for automated market maker, adds automated market maker capabilities to XRP Ledger. Unfortunately, that probably wouldn’t give people quite enough time to upgrade and would risk amendment blocking too many nodes. At least an extra week or two is probably going to be needed. — David “JoelKatz” Schwartz (@JoelKatz) February 10, 2024 The AMM amendment was anticipated to be activated on XRPL on Feb. 14, 2024, after achieving the…
Many calls at $65,000, $70,000 and $75,000 crossed the tape on dominant crypto options exchange Deribit over the weekend. The concentration of activity in these so-called out-of-the-money calls reflects bullish market sentiment. Move over fears of a bitcoin (BTC) price drop due to so-called overbought technical conditions and potential selling by bankrupt crypto lender Genesis. Crypto traders are snapping cheap out-of-the-money (OTM) bitcoin calls or bullish options bets at levels around the cryptocurrency’s lifetime high of $69,000. Over the weekend, many call options at strikes $65,000, $70,000 and $75,000 changed hands on Deribit, the world’s leading crypto options exchange by…
In September 2022, the Ethereum blockchain received its biggest upgrade to date. The Merge upgrade moved Ethereum from Proof-of-Work over to Proof-of-Stake. The transition to Proof-of-Stake has made the Ethereum much more environmentally friendly and also laid the foundation for future upgrades, which will significantly improve the scalability of the network. With the introduction of Proof-of-Stake on Ethereum, ETH holders now have the opportunity to stake their coins and earn staking rewards in the form of additional ETH. In this article, we’ll explain Ethereum staking and present the different options ETH holders have when it comes to earning staking rewards.…
The Russian metal mining giant Nornickel (Nornickel Norilsk) says it will start paying its employees dividends with “digital financial assets.” The firm’s board of directors has approved a program that will see employees receive around $10.40 per share. And, according to a Nornickel Telegram post, the company’s main shareholders have also approved a plan to extend similar rewards to employees who hold its minetoken coin. The coin, unlike cryptoassets like Bitcoin, is supposedly backed by real-world metal assets. Nornickel began pioneering its “digital financial assets” (DFAs) several years ago with a view to commercializing the nation’s first blockchain-powered digital commodities.…
On February 12, Michael Saylor, the visionary co-founder and Executive Chairman of MicroStrategy (NASDAQ: MSTR), joined CNBC’s “Closing Bell: Overtime” to share his expert insights with co-anchor Morgan Brennan. Amidst Bitcoin’s climb to its highest level in two years, surpassing the $50,000 mark, Saylor’s discussion ranged from the crypto industry’s current state, the recent introduction of spot Bitcoin ETFs in the U.S., to MicroStrategy’s strategic focus and its implications for the broader economy. Source: TradingView Bitcoin’s Unprecedented Popularity Saylor highlighted Bitcoin’s ascent as the world’s most popular investment asset, emphasizing its unique, digital, and global appeal. Saylor says that unlike…