Author: NBTC

Fhenix, a layer-2 blockchain developer, has raised $15 million in a funding round led by Hack VC. The company intends to further develop its homomorphic encryption for confidentiality solutions. Fully homomorphic encryption (FHE) is the process of converting data ciphertext. It allows you to work with encrypted data without first having to decrypt it. Developers can use smart contracts to encrypt parts of their Solidity-based applications. Use cases might include confidential voting, blind auctions, decentralized identity, DeFi and more. Guy Itzhaki, CEO of Fhenix, points to the revolutionary potential of FHE technology for Ethereum: “After scaling, confidentiality is the next…

The Terra Luna Classic (LUNC) has passed the vital proposal to reduce the maximum block size. Terra Luna Classic community approved a key block size proposal to protect against peer-to-peer storm attacks. LUNC & USTC prices surged, signaling trader interest. The market shows positive growth with a 10% increase in LUNC price and a 20% rise in USTC price. — Dylan Dollars (@thedylandollars) April 21, 2024 The LUNC community has supported the decision to decrease the block size to 2MB from 5MB to remove the dangers of peer-to-peer storm outbreaks within the ecosystem. Terra Classic developer Genuine Labs introduced the…

Litentry, an identity oracle built on TEE, is excited to reveal its partnership with Earth From Another Sun (EFAS) during Season 2. This partnership is expected to transform the identity of GameFi with the help of Litentry’s IdentityHub and its VC rating system. 🌟We’re thrilled to announce our partnership with @PlayEFAS during our Season 2!@PlayEFAS is transforming the MMO landscape with its approach to open-world galactic domination. This looter-shooter game lets players command armies and conquer planets. With over 150,000 Steam… pic.twitter.com/q31TPkjODu — Litentry (@litentry) June 7, 2024 EFAS Collaboration with Litentry Revolutionizes Gaming Privacy Earth From Another Sun is…

LightLink, an Ethereum Layer 2 blockchain solution that provides dApps and enterprises real-time gas-free transactions, has revealed the integration of its Hummingbird client with Celestia Mainnet. This partnership seeks to enhance scalability and decrease transaction costs. It is considered an important achievement in LightLink’s development towards reaching 10,000 TPS. Celestia Collaboration Lowers Storage Costs for LightLink There are some advantages of integrating LightLink with Celestia include. These include reducing the cost of storage and security. Therefore, through the integration of its service, LightLink seeks to establish a less expensive and more secure blockchain environment by utilizing Celestia’s distributed ledger infrastructure.…

With the sudden decline, the Bitcoin (BTC) price lost 3% of its value within minutes and fell to $ 68,500 at its bottom. It is estimated that the reason for the decline was the live organized by RoaringKitty, the most well-known influencer of GameStop shares. The live broadcast in question is followed by approximately half a million people and is also broadcast live on economic giant channels such as CNBC. During RoaringKitty’s live broadcast, GameStop shares fell sharply, bringing the influencer’s total loss to $235 million. The shares in question can be considered equivalent to memecoins in the cryptocurrency industry.…

Singapore-headquartered cross-border payments firm Nium has raised $50 million in a new funding round, marking a 30% discount to its previous valuation. Ripple‘s payment partner Nium has cut its valuation by 30% in its latest $50 million Series E funding round led by an undisclosed Southeast Asian sovereign wealth fund. As per a blog announcement, the latest funding, which was supported by venture capital firms like BOND, NewView Capital, and Tribe Capital, valued the Singapore-headquartered firm at $1.4 billion, down 30% from $2 billion in 2022. The proceeds will be used to further accelerate the firm’s growth plans, Nium says,…

Bonk (BONK), a dog-themed token based on the Solana blockchain, surged an impressive 43% in response to a broader rally among meme coins and the proposal for a substantial treasury burn totaling a staggering 280 billion tokens. At the time of writing, BONK was up 41.82% in the last 24 hours to $0.00002134, and up 35.83% in the previous seven days. BONK’s 24-hour trading volume has risen 391%, with $431.53 million worth of trade. BONK surged to intraday highs of $0.00002192, extending a three-day rise from lows of $0.00001357 on April 18. If today closes in green, BONK will mark…

For years, crypto skeptics and believers alike have decried the lack of mainstream use cases for blockchain technology. Thousands of decentralized applications have been deployed, but mainstream use cases are scarce. That may be about to change. A singularity, a point of infinitely dense matter, is theorized to have caused the Big Bang when one such point exploded, distributing matter throughout the universe. I think we’re at an analogous moment in the history of crypto. Over the last year, developers have delivered fast, cheap blockspace to builders. You’re reading Crypto Long & Short, our weekly newsletter featuring insights, news and…

Philip Swift, the founder of the on-chain analytics platform LookIntoBitcoin, recently highlighted the significant increase in global liquidity, which just hit a new all-time high (ATH). Swift suggested this was a crucial indicator of how Bitcoin can rise in this bull run. The Most Important Indicator For Bitcoin Swift claimed that the global liquidity was the “most important” chart in this bull run while revealing that it had just hit a new ATH. The chart he shared showed that the global liquidity was now at $94 trillion and approaching the $100 trillion mark. Based on his analysis, this development could…

LeverFi, a DeFi entity that facilitates leveraged spot trading, has announced a unique development. As per the platform, it is upgrading the devnet OmniZK to testnet in the next week to deliver a decentralized and scalable infrastructure. The company took to its X account to reveal the news of this upgrade. We are excited to share that the #OmniZK devnet is upgrading to testnet in the coming week!This testnet upgrade brings us closer to delivering a leading scalable, decentralized infrastructure to support the growth of #BTC DeFi.https://t.co/nC5QyeOUu9$lever @binance — LeverFi (@LeverFi) June 6, 2024 LeverFi Unveils MoniZK’s Testnet Upgrade Apart…