Author: NBTC
Solana (SOL) blockchain has a problem with spam transactions, claims a trader and investor in digital assets, Dan Smith. In a series of X posts, the crypto enthusiast explained how spammers boost the number of failed transactions on the blockchain network. Smith explained that an average “real user” of the Solana blockchain sends under 50 transactions per day with a failure rate of 8%, resulting in the failure of 1 transaction in every 10 transactions. The X post explained that 97% of addresses fall into the “real user” group, and are collectively responsible for 0.6% of total failed transactions. Smith…
In an exclusive development, INTO has announced a new partnership with Value DEX. It is a premier decentralized exchange for EVM chains and the Solana network. This collaboration promises to bring exciting new opportunities for users and as a whole for the blockchain community. We’re excited to announce @valu_so as our new partner! 🎉Your premier decentralized exchange for EVM chains and the Solana network. 🌐✨This partnership brings together the best of social networks and DEX! Stay tuned for more exciting collaborations. 🚀🔥 pic.twitter.com/YEwUyymB7i — INTO (@INTOverse_) June 8, 2024 Value DEX Brings Expertise to INTO for a Frictionless DeFi-Social Experience…
Welcome to the On the Margin Newsletter, brought to you by Ben Strack, Casey Wagner and Felix Jauvin. Here’s what you’ll find in today’s edition: Macro factors suggest the stage could be set for BTC to hit $100,000 in 2024 — though such a rise is far from guaranteed. Tomorrow’s jobs report is going to be a big one. Could this be the soft landing everyone’s been waiting for? The FTX debtor-creditor saga continues, in case you haven’t had enough. BTC to $100k, or no way? Bitcoin’s price is inching closer to the nice round number of $100,000. Despite an…
Anatoly Aksakov, Chairman of the Russian State Duma Financial Markets Committee, has predicted that international trade will migrate to CBDC for settlements during the next five years. Aksakov stressed that not many countries have made progress using these digital currencies, but he believes this will be addressed soon. Russian State Duma Official Bets on National CBDC as Future of International Trade Settlements More countries consider central bank digital currencies (CBDC) as part of their future financial trade infrastructure. Anatoly Aksakov, Chairman of the Russian State Duma Financial Markets Committee, has stated that he believes using CBDC for international trade settlements…
Shibarium, the Shiba Inu ecosystem blockchain, recently welcomed over 13,000 new accounts in a single day, marking a new all-time record. While the crypto market has slipped into a bearish trend, Shibarium has continued to hit record levels in adoption, suggesting resilience among network participants. One of its latest feats involved a record 13K+ new accounts on the blockchain network in a single day. The Crypto Basic confirmed yesterday that Shibarium is witnessing a surge in key metrics despite the market turbulence. One such metric was the total number of accounts on the network, which recently saw a sharp increase…
Axelar has announced support for Polygon Amoy (Sepolia) and Linea Sepolia testnets. This move follows a previous announcement with the name of Goerli Deprecation and New Ethereum Sepolia, Layer 2 Sepolia Support with Axelar. The initiative aims to continue supporting developers in building innovative applications. GM builders!We now support @0xPolygon Amoy and @LineaBuild Sepolia testnets! 🧪Check out the devblog for details 👀https://t.co/4IOSoPzWAu pic.twitter.com/1R8dR2RIAY — Axelar Network (@axelarnetwork) June 8, 2024 Axelar Enhances Developer Capabilities with Sepolia Support From the perception of developers who create dapps and smart contracts, a testnet works as a production network. It makes it possible to…
Bitcoin’s (BTC) 30-day correlation with the Nasdaq 100 Index of US technology stocks is nearing its highest level since early 2023, as reported by Bloomberg. This means that further gains in the index might be followed by a similar upward movement performed by BTC. Image: Bloomberg Additionally, Mike Novogratz stated on Bloomberg Television that a “more positive US political environment for digital assets” might propel BTC to $100,000 by the end of the year. However, if Bitcoin is ready to start its path to Novogratz’s prediction, following further upside from Nasdaq 100, is yet to be defined by the weekly…
Citigroup Inc. and JPMorgan Chase & Co. Economists revised their forecasts for the FED’s interest rate cut. These companies, which were among the last few economists to previously predict a rate cut in July, have now changed their expectations. Citigroup changed its forecasts after the release of stronger-than-expected employment data for May. The bank now predicts that US policymakers will make their first moves in September, while JPMorgan does not foresee any changes until November. Andrew Hollenhorst, Citigroup’s chief U.S. economist, explained the shift in a recent report. “We are shifting our base scenario for the first interest rate cut…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The impacts of the climate crisis are becoming increasingly difficult to ignore. Yet, our approaches to monitoring and addressing this existential challenge often feel outdated and inadequate. The decades-old climate models we rely on have significant limitations, failing to provide the hyperlocal, real-time, and comprehensive data we need. You might also like: Creating a resilient and sustainable blockchain-as-a-service for all | Opinion Early climate models were constrained by the computing power of the time, unable to incorporate…
Semler Scientific is continuing to add bitcoin to its treasury with a $17 million purchase and an announcement that it’s raising $150 million so it can buy more. Its May announcement of a $40 million bitcoin purchase drove the company’s stock up 25%. Publicly traded Semler Scientific (SMLR), a healthcare business that broadened its corporate strategy to also include buying bitcoin (BTC), said it’s buying $17 million more of the digital currency and preparing to raise $150 million so it can purchase even more. “Semler remains focused on our two strategies of expanding our healthcare business and acquiring and holding…