Author: NBTC
Shibarium, Shiba Inu’s layer-2 solution has suffered an outage, according to a recent post on the X social media network by Shiba Inu developer Kaal Dhairya. Dhairya explained that the outage was caused by networking issues amongst the validators. At press time, the network is back up and running. However, as noted by Dhairya, Shibariumscam, the popular website tracking the health of the Shibarium network, and external remote procedure calls (RPCs) can still remain down while the team is dealing with external issues. External teams working for Shibarium on the infrastructure level have been encouraged to reach out to Dhairya…
Sky Mavis’s prominent blockchain platform, Ronin Network, has achieved a remarkable milestone by surpassing 20 million unique wallets. This achievement underscores Ronin’s rapid growth and its increasing popularity, particularly in the blockchain gaming sector. Launched as a dedicated sidechain to support the Axie Infinity ecosystem, Ronin has gained substantial traction by offering lower transaction fees and faster processing times compared to the Ethereum mainnet. The booming popularity of Axie Infinity, one of the leading play-to-earn games in the blockchain space, is largely responsible for the surge in unique wallets on the Ronin Network. Axie Infinity’s innovative model, which allows players…
As expected, the Bank of Canada Wednesday morning cut its benchmark overnight rate by 25 basis points to 4.75%. The move was anticipated by most economists as policymakers in Canada had previously signaled satisfaction with the direction of inflation alongside some concern about slowing economic growth. “[It is] reasonable to expect further cuts to our policy interest rate” if inflation continues lower, said BoC Governor Tiff Macklem in prepared remarks following the decision. At press time, bitcoin (BTC) was little-changed following the news, trading at $70,500. With its action today, the BoC becomes the first of the G-7 central banks…
Aave Labs is steering the GHO stablecoin towards a promising future with its strategic rollout plan for cross-chain functionality. This initiative marks a significant step in enhancing GHO’s accessibility and utility across diverse blockchain networks. Advancing GHO’s Reach with Chainlink’s CCIP Following a successful community vote, Aave Labs adopted Chainlink’s Cross, establishing a secure foundation for GHO’s cross-chain activities. The adoption of CCIP is part of a broader strategy to facilitate secure and controlled implementations of GHO across various blockchain environments. The community is moving forward with the GHO Cross-Chain Rollout Plan, selecting the best network for launching GHO’s cross-chain…
Illuvium Game Studio recently announced July 25 as the release date of its upcoming blockchain game. The launch comes after a series of play-to-earn airdrops as part of Private Beta 4 and the open beta Testnet launched on May 28. Also read: New Alliance in Web3 Gaming as Illuvium (IBG) partners with Samsung The game’s development team has delayed its release to include new features, such as an Arena mode that comes with a new weapons system and a Gauntlet mode. Similarly, it will also feature the Overworld mode with NPC interactions, combat, character customizations, economy adjustments, and more. Along…
Pallavi Thakur, Director of Strategy and Innovation at Swift, and Julien Clausse, head of Asset Foundry at BMP Paribas, shared insights about tokenization at the Money20/20 conference. During their joint presentation, both Clausse and Thakur agreed that tokenization faces significant interoperability challenges, requiring solutions at multiple levels. Citing themes from her talk yesterday, Thakur cited interoperability as a barrier to tokenization, claiming that tokenization platforms often create isolated networks or “islands” that don’t inherently communicate with each other. “Tokenization is gaining momentum and is poised to transform the securities market,” said Thakur. However, she highlighted a significant hurdle: “These tokenization…
Bitcoin shows positive signs but faces resistance near $70,000. Analysts watch dips closely for potential buying opportunities. Market sentiment remains cautiously optimistic as BTC holds above $68,000. Is Bitcoin’s recent surge sustainable? Expert analysis on BTC price action, key support levels, and potential dip-buying strategies. Bitcoin Eyes $70,000 Breakout, But Correction Risks Remain Bitcoin (BTC) has demonstrated resilience in recent sessions, breaking above the $68,500 resistance and hinting at further bullish momentum. However, the cryptocurrency faces a critical test near the $70,000 psychological barrier, and a potential correction could provide strategic entry points for investors. Key Technical Indicators and Price…
In her presentation at Money20/20, Evelien Witlox, Digital Euro Director at the European Central Bank, delved into the potential implications of a digital euro and how its inception would impact the Euro payment landscape Noting a decrease in cash usage across Europe, Witlox expressed the sentiment that a digital euro could be in the works. “I think there is a certainly high likelihood we also invest in the digital euro, but it’s not inevitable at the moment,” Witlox said. Witlox highlighted the European Central Bank’s intention to proceed acutiously, even as pressure mounts from the decline in cash usage and…
Giant cryptocurrency whales have traded large amounts of altcoins in the last quiet hours. MakerDAO’s Multisig wallet recently deposited 421.98 MKR, equivalent to $1.28 million, to Wintermute Trading OTC. This deposit is part of a larger series of transactions with a total of MKR 3 thousand ($9.08 million) deposited to CEX in the last six days. Interestingly, this entity had withdrawn 20 MKR from Coinbase Prime three months ago. Currently, it holds 21.93 thousand MKR worth $66.36 million. In another notable move, the whale with short wallet address 0x2ea purchased 299.99 thousand USDC and 250.19 thousand RBN at an average…
PLEXUS, a popular cross-chain bridge aggregating company, has recently announced another development. As per the platform, it is introducing the Theta Algorithm V2 to begin an exclusive epoch of cross-chain operations, enhancing the user experience. On its official X account, the firm disclosed this development. 🚀 Big News! PLEXUS unveils Theta Algorithm V2! Multi-Layered Transactions: Theta V2 uses machine learning to optimize liquidity across chains, considering fees, gas costs, slippage, and price impact for the best trading experience.Enjoy faster, safer, and more scalable… pic.twitter.com/me6GiLMQSv — PLEXUS | We’re Hiring! (@plexus_fi) June 5, 2024 PLEXUS Releases Theta Algorithm V2 to Improve…