Author: NBTC
In the ever-evolving world of blockchain technology, a groundbreaking proposal has been put forward by the Polkadot Fellows. This proposal introduces a new protocol, tentatively named JAM, which could potentially overhaul the core functionality of the existing Polkadot Relay-chain. This article delves into the intricacies of the JAM protocol, examining its purpose, implementation strategy, and the implications it holds for the Polkadot network. What is JAM Protocol? JAM stands for a revolutionary approach in blockchain technology, hinted at in the recently discussed “Gray Paper.” This protocol is designed as a decentralized, cryptoeconomic system that might one day serve as the…
Javier Gimenez, from the Paraguayan Ministry of Industry and Commerce, revealed that the government plans to take advantage of the energy sold to legal bitcoin mining operations. Gimenez stated that selling Paraguay’s energy to bitcoin mining companies is part of the government’s strategy, which seeks to rebuild its industry in three years as part of a transitional phase. Paraguayan Minister Reveals Government Will Keep Selling Energy to Bitcoin Miners Paraguay has revealed its strategy regarding bitcoin mining. Javier Gimenez, the Minister of Industry and Commerce, recently disclosed the new direction Santiago Pena’s government will follow, stating that the country will…
Polkadot Treasury has allocated 2 million DOT, valued at $14.4 million, to enhance the liquidity of the DeFi project Hydration, according to a June 10 statement shared with CryptoSlate. The project stated that the funds will boost the liquidity and efficiency of its single-sided liquidity provisioning platform, Omnipool. This latest funding aligns with Polkadot’s current efforts to improve and expand the network’s adoption worldwide. Over the past weeks, the blockchain’s Web 3 Foundation has funded several projects, including PolkaPort East and Accelerate Polkadot. Two-phase execution This allocation will be executed in two phases. The first phase will disburse 1 million…
RWA tokenization platform Ondo Finance has partnered with Cosmos-based Noble chain to bring its tokenized products to Cosmos. Ondo is one of the largest players of the booming tokenized Treasury market with $300 million of deposits. Tokenized real-world asset (RWA) platform Ondo Finance (ONDO) said Thursday that it has teamed up with asset issuance chain Noble to bring its tokenized U.S. Treasury offerings to the Cosmos (ATOM) ecosystem. The first asset Ondo plans to issue natively via Noble is USDY, a tokenized note backed by short-term U.S. Treasuries offering a 5.2% annual yield, targeting the end of the second quarter…
Shiba Inu (SHIB) ecosystem marketing lead Lucie recently made a significant announcement on X regarding the future of the SHIB Metaverse. She highlighted the potential adoption of fully homomorphic encryption (FHE) privacy layers, a technology that could revolutionize the way users interact in the virtual world. Lucie suggested that the SHIB Army might consider incorporating fully homomorphic encryption (FHE) privacy layers into its operating system. She mentioned that FHE technology, specifically Zama in their case, allows data analysis to be performed directly on encrypted data without revealing the private data to the analyzing party. Lucie added that this technology could…
The Tom Demark (TD) Sequential has given a sell signal for Bitcoin after the asset broke past the $71,000 level in the past day. Bitcoin TD Sequential Is Giving A Sell Signal Right Now As explained by analyst Ali Martinez in a new post on X, a TD Sequential signal has appeared in the 1-hour price of Bitcoin. The “TD Sequential” refers to an indicator in technical analysis (TA) that’s generally used for locating probable points of reversal in any commodity’s price. The TD Sequential involves two phases: setup and countdown. During the first of these, candles of the same…
The community-driven DeFi platform Jellyverse, which is serving as Balancer’s official representative on the Sei blockchain, has announced the opening of its Jellyverse ecosystem and decentralized exchange (DEX) JellySwap. The “JellySwap” DEX, “JellyStake” staking solution, and “jAssets” synthetics protocol are all included in the platform. By introducing DeFi 3.0 via jAssets and integrating DeFi tools, the platform opens up new avenues for portfolio diversification. One of the new protocols is JellySwap, a friendly-fork of Balancer that will enable up to eight distinct tokens via “WeightedPools” and “composable stable pools,” which let users create investment ratios with up to five tokens…
Aptos Labs, the developers behind the Aptos layer-1 blockchain, said it is collaborating with Microsoft, Brevan Howard and South Korean wireless telecommunications operator SK Telecom to offer institutions a gateway into decentralized finance. The partnership will offer Aptos Ascend, a suite of end-to-end institutional solutions like regulatory requirement help, tools to maintain account and transaction privacy and embedded features for know-your-customer (KYC) checks. This comes as a number of layer 1s attempt to bridge the gap between DeFi and large institutions. Avalanche, NEAR and others have all announced enterprise collaborations in an attempt to ramp this up. Microsoft Azure and…
Bitcoin price started a decent increase above the $70,500 resistance. BTC is showing positive signs and might gain bullish momentum above the $72,000 resistance in the near term. Bitcoin extended its increase above the $70,000 and $70,500 resistance levels. The price is trading above $70,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $70,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it settles above the $72,000 level. Bitcoin Price Regains Strength Bitcoin price remained stable above the $69,500…
Web3 privacy-focused infrastructure provider Nym Technologies has joined Liquid Federation to support the growing Bitcoin layer-2 ecosystem, according to an April 18 statement shared with CryptoSlate. The Liquid Federation is a group of crypto-native organizations, including exchanges, trading desks, and developers, that perform vital tasks for the premier Bitcoin sidechain, Liquid Network. ‘Enhancing privacy’ As part of its engagement, Nym Technologies assumes a crucial role as one of the 15 dispersed functionary node operators for Liquid Network. These specialized nodes, housed in tamper-proof Hardware Security Modules (HSMs), are crucial in managing the Liquid Network’s core infrastructure and transactions. This includes…