Author: NBTC
Shiba Inu (SHIB) lead developer Shytoshi Kusama has shared a crucial update on what the future holds for the meme coin ecosystem. Kusama shared his vision for the protocol in a lengthy post on X. Shiba Inu’s push for partnerships and decentralization According to Kusama, the core vision of Shiba Inu founder Ryoshi is to create a highly functional decentralized ecosystem. To complement the plans, Kusama revealed that some partnerships are being cemented with industry leaders. The Shiba Inu team is also engaging Web2 companies that are exploring a path into the Web3 ecosystem. While he did not mention any…
A recent International Monetary Fund report claiming a surge in carbon emissions from AI and crypto usage has sparked a rebuttal from Bitcoin advocate Daniel Batten. The report suggests that regulators should impose a ‘crypto carbon’ tax due to the alleged environmental impact of Bitcoin (BTC) mining. Batten argued that the report is based on flawed comparisons and outdated data, going on to criticize the IMF’s use of a “guilt by association” technique, equating the carbon footprint of Bitcoin mining with that of AI data centers without contemporary evidence. Batten points out that Bitcoin mining, unlike AI data centers, has…
As Bitcoin’s price wavers, the crypto community is closely monitoring key levels that could determine the short-term trajectory of the largest crypto asset. According to Glassnode Cofounders, who go by the name “Negentropic” on X, Bitcoin bulls might need to keep a vigilant eye on the $64,000 and $65,000 levels, which are emerging as crucial junctures for BTC’s price action. Amid the current price dip, Bitcoin (BTC) now exhibits the potential to rebound toward $67,000, Negentropic stated. DEEP DIVE: 64-65k on BTC is crucial!Initially dropping on Monday, BTC now shows potential to hit $67K, with possible resistance. Surpassing this could…
With the launch of the Soroban smart contract platform on Stellar, developers are rushing to create decentralized apps (dapps) and platforms within the Stellar ecosystem. Among the first to launch is the Phoenix DeFi Hub, which aims to be the “one-stop shop” for decentralized finance (DeFi) on Stellar, its creators told Decrypt. “We’re going to be launching a bunch of DeFi protocols that all synergize with each other and drive value,” said Phoenix Marketing Director Griffin Williams. First up is a decentralized exchange (DEX) launched in May, with an NFT marketplace soon to follow. “We started with a DEX, since…
Blockchain startup Parfin has secured $10 million in its Series A round, aiming to drive global expansion and bridge traditional finance with blockchain. Mastercard-incubated Blockchain infrastructure firm Parfin has successfully closed the first tranche of its Series A funding, raising $10 million. In a press release shared with crypto.news, the startup revealed that the round, led by ParaFi Capital, also saw contributions from Framework Ventures, L4 Venture Builder, and Núclea, with total funding projected to reach $16 million by the end of the second closing. The proceeds from the funding are expected to help Parfin further develop its enterprise-grade blockchain…
Charles HOSKINSON, the creator of Cardano, announced the release of Cardano Node 9.0.0 during a livestream from Colorado on Monday. This update lays the foundation for the Conway Ledger era. Node 9.0.0 brings key changes needed for this new era, including on-chain governance over SIP 1694, support for Plutus V1 reference scripts, and support for signing Plutus scripts over SIP 69. It also includes Plutus version 3.0, preparing Cardano for the Chang hard fork , allowing it to enter the SIP 1694 bootstrap phase required for decentralized governance. Hoskinson explained that staking pool operators (SPOs) will independently test the new…
For the creators of blockchain trading card game The Lost Glitches, artistry is “critically important” as a tool to draw players in—something that they see as lacking in the latest crop of huge “AAA” games. But speaking with Decrypt’s GG ahead of Thursday’s open beta launch for the card-battler, which runs on Ethereum layer-3 network Xai, the developers said they understand they must offer more than just slick and vibrant artwork to keep players engaged. “I think for us, [art] is critically important,” said Franco De Cesare, head of publishing and marketing for Lost Glitches publisher Mimunga. “There is an…
Bitcoin bull Michael Saylor recently offered a crucial piece of advice to those who invest in Bitcoin: never sell. This is one of the key Bitcoin rules that the billionaire outlined during his speech at the recent BTC Prague event. “You do not sell your Bitcoin. What do I mean? Bitcoin is energy. Bitcoin is life. Don’t squander your life. Conserve your energy…Don’t let the fire go out. When the fire is what keeps your family from freezing, do not let the fire go Don’t throw yourself off a cliff,” Saylor added. The piece of advice comes amid Bitcoin’s substantial…
LI.FI, a cross-chain liquidity solutions provider, has integrated ThorChain to support native Bitcoin (BTC) swaps. This integration, powered by SwapKit, allows users to exchange native Bitcoin with assets on EVM chains directly within their wallets and applications. The move simplifies Bitcoin accessibility for users primarily holding assets on EVM chains. LI.FI’s integration with ThorChain eliminates the friction in purchasing BTC, enabling users to buy native BTC directly within their preferred wallets and applications. This development also brings ThorChain support to EVM chains, adding to LI.FI’s extensive list of supported bridges. The integration offers wallets, DeFi platforms, and enterprise applications the…
In a major milestone, Ethereum ETFs have recorded their first-ever positive weekly flows. According to Arkham Intelligence, the net inflow for ETH ETFs reached an impressive 31,500 ETH, equivalent to $75.07 million, over the past week. ETH ETF FLOWS NOW POSITIVEWeekly flows for ETH ETFs turned POSITIVE for the first time ever – with NET 31.5K ETH ($75.07M) purchased last week.Inflows were led by Blackrock – accumulating $168.55M of ETH.The highest daily on-chain inflow for Blackrock was on 7th Aug, where… pic.twitter.com/jTfT0tnO1k — Arkham (@ArkhamIntel) August 13, 2024 Leading the charge in these inflows was BlackRock, one of the world’s…