Author: NBTC
The XRP community has overwhelmingly supported introducing smart contract-like functionalities on the XRP blockchain, which Hooks would facilitate. Recently, Vet, an XRP Ledger ambassador, surveyed the XRP community’s stance on introducing smart contract functionalities to XRPL via Hooks. Vet conducted the poll via the social media platform X over the weekends. The poll asked, “Do you want Hooks, native Smart Contracts, on the XRP Ledger?” Participants were given two options: yes or no. At press time, the inquiry has concluded with an overwhelming majority voting affirmatively for Hooks. Specifically, the poll attracted 11,503 respondents, with 93.6% voting “yes,” while just…
Bitcoin (BTC) traders are betting big on the crypto asset, with calls around the $60,000 strike price seeing a surge to a notional value of $642 million. Data from leading crypto derivatives trading platform Deribit confirms this metric, suggesting that market participants have demonstrated a remarkable increase in bullish interest toward Bitcoin on the back of the asset’s recent push above $50,000. Recall that BTC recently breached the crucial $50,000 psychological threshold today. The last time BTC saw this price was during the 2021 bull run. The crypto asset recently soared to a 26-month high of $50,368 before witnessing resistance…
SynFutures, a decentralized perps exchange, has been waking waves in DeFi for the past few years. It has prominent investors, a large user base, and an impressive trading volume, which means it has all the factors that could make it a project to watch in 2024 and beyond. In this article, let’s dive into SynFutures to understand the project and look at what’s so special about its recent product releases and campaigns. Early Stage SynFutures is a multi-chain decentralized derivatives exchange. The project has the backing of numerous big VCs, including Pantera, Polychain Capital, DragonFly, and Standard Crypto, and the…
Blobs are live on Goerli. Ethereum’s Goerli testnet successfully forked to “Dencun,” featuring the “Proto-Danksharding” EIP-4844 innovation. This paves the way for two more major testnet forks to secure a move to Ethereum mainnet, scheduled for now at the end of March. The consensus coming out of Thursday’s All Core Devs meeting was to prepare a new software version by mid-next week. This could be used for both the Sepolia and Holesky testnets, slated for Jan. 30 and Feb. 7, respectively. Dencun’s concept of “blobs” is a key component of the upgrade, and refers to a large piece of data…
RBI Governor rejects cryptocurrencies, praises blockchain’s role in CBDC trial. Tokenization is praised for democratizing access to high-value assets, and fostering ownership. In a recent candid interview with a popular media platform, the Reserve Bank of India (RBI) Governor, Shaktikanta Das made it clear that cryptocurrencies are a firm “no” for the central bank. However, he didn’t shy away from acknowledging the merits of blockchain technology, particularly in the RBI’s Central Bank Digital Currency (CBDC) trial. “The underlying technology has been there. It will be there. We are using blockchain in our CBDC trial project,” the RBI Governor stated confidently.…
Popular Shibarium validator NOWNodes has welcomed new projects being built on the network, pledging to support their journey. As the Shibarium network continues to gain traction, one validator has extended open arms and pledged to provide relevant guidance for upcoming projects. NOWNodes was one of the earliest blockchain infrastructure providers to enable Shibarium support. In its most recent update, NOWNodes showed that it was doubling down on Shibarium. The validator acknowledged that more and more projects are pivoting to Shibarium, with new token launches also anticipated. NowNodes has decided to provide guidance for these new projects, including steps on how…
The Crypto Fear and Greed Index, a pivotal gauge of market sentiment, has soared to unprecedented levels since Bitcoin’s all-time high. Recent data reveals that on February 13, the index surged to 79, marking its highest point since mid-November 2021, when Bitcoin skyrocketed to $69,000. The ongoing rally in Bitcoin, coupled with this latest surge of greed, follows the introduction of US-based spot Bitcoin exchange-traded funds (ETFs). Industry Leaders Warn of Potential Dip Amidst Extreme Crypto Greed This surge in greed follows closely on the heels of Bitcoin’s breach of the $50,000 mark on February 12. BTC has been on…
Crust, a decentralized cloud storage provider, partnered with HydraDX’s Omnipool to make Polkadot more liquid and accessible. This group effort to improve blockchain trading efficiency and accessibility advances decentralized finance (DeFi) and blockchain technology. Exciting news! CRU has officially joined the @hydra_dx Omnipool, boosting liquidity within the Polkadot ecosystem. ⬇️Check out the step-by-step guide in our latest article! pic.twitter.com/wj3GAKh5Lf — Crust Network (@CrustNetwork) March 1, 2024 $CRU on HydraDX’s Omnipool Streamlines Polkadot Transactions HydraDX is a unique DeFi protocol that addresses Polkadot ecosystem liquidity fragmentation. HydraDX’s Omnipool matters most. It is an advanced Automated Market Maker (AMM) that pools all…
A widely followed cryptocurrency analyst and trader doesn’t believe Ethereum (ETH) could lose its top layer-1 (L1) position anytime soon. The analyst pseudonymously known as Kaleo tells his 615,900 followers on the social media platform X that the second top-performing digital asset by market cap enjoys a comfortable edge over its multiple competitors. The trader believes there’s little chance of ETH losing its top spot in the current crypto market cycle to any L1 project. However, he says the odds of a competitor dethroning ETH could increase after two additional market cycles. “Gonna put this out there: for as much…
The main positive catalyst for crypto markets last year, the launch of spot bitcoin (BTC) exchange-traded funds (ETFs), has the potential to reverse and disappoint investors in 2024, JPMorgan said in a research report Monday, downgrading U.S. exchange Coinbase (COIN) to neutral. The bank cut its rating on the stock to neutral from underweight, with an unchanged price target of $80. Coinbase shares fell 4.1% to $122.90 in premarket trading. After the stock’s 390% gain last year, 2024 could be more challenging, despite the exchange’s progress in a number of important initiatives, the bank said. “While we continue to see…