Author: NBTC

Addresses on the Avalanche network grew by nearly 100% in 2023, according to Ava Labs president. Avalanche reportedly hosts 20 live subnets, with over 80 subnets expected to go live this year. Avalanche supports Amazon with emerging crypto companies needing computing power and storage. According to John Wu, the President of Ava Labs, the number of addresses on the Avalanche network grew by nearly 100% in 2023. Wu made the statement during an interview with Tony Edward on the Thinking Crypto podcast. He also noted that the network currently hosts about 20 live subnets and over 80 subnets in the…

Recent changes in U.S. regulations have resulted in the government approving several exchange-traded funds (ETFs) that invest exclusively in Bitcoin. This has completely shaken the investment world and has led to a huge increase in the crypto market, as investing in Bitcoin has never been so easy. Overnight this led to an increase in cryptocurrency trading platforms, this has not only impacted the trading world in the United States, but also the rest of the world, including the USA’s neighbor, Canada. While this change is exciting for investing enthusiasts, anyone investing in cryptocurrency must be aware of these changes and…

Key Takeaways NoahArk Tech Group receives a $2.4 million investment from EOS Network Ventures (ENV) to foster DeFi innovations within the EOS ecosystem. The partnership focuses on developing an interoperable liquidity aggregation protocol that will improve transaction flexibility and asset diversity. ENV’s strategic vision aligns with NoahArk’s goals, marking a significant step towards advancing the DeFi sector on the EOS network. NoahArk Tech Group and EOS Network Ventures (ENV) are making significant strides in the dynamic landscape of DeFi. NoahArk is a Hong Kong-based pioneer in DeFi, and is spearheading innovations in decentralized exchange (DEX) activities. Their ambitious goal is…

The Ethereum network is making another major play toward bringing its latest Dencun upgrade to the mainnet. According to one of the core developers working on the upgrade, Christine Kim, the Dencun Upgrade will go live on the Holesky Testnet later today at about 11:34 a.m. UTC. As Kim revealed in her X post, this upgrade will be the last testnet launch for the upgrade before it finally goes live on the mainnet. The date for the mainnet is not yet known, however, should the debut on Holesky turn out well, Ethereum developers will tease the date to expect the…

The Hong Kong General Chamber of Commerce (HKGCC) has submitted proposals to the local government for the upcoming budget, asking for the issuance of stablecoins pegged to the Chinese Yuan. Hong Kong Chamber of Commerce Defends Yuan Stablecoin Issuance In a published statement, the HKGCC urged the government to consider allowing the issuance of stablecoins linked to the Yuan or backed by a basket of various fiat currencies, including the Yuan, the Hong Kong dollar or the US dollar. The organization also suggested exploring a “Virtual Asset Linkage Program” with an initial daily limit of around 20 billion Hong Kong…

In an insightful report titled “State of Stacks Q4 2023,” distributed crypto data library Messari has unveiled significant milestones and transformative growth within the Stacks ecosystem, a premier Layer-2 solution for the Bitcoin network. Authored by analysts Red Sheehan and Mike Kremer, the report highlights the pivotal role of Stacks in amplifying Bitcoin’s functionality through smart contracts and decentralized applications, marking a year of unparalleled progress across revenue, market capitalization, and total value locked (TVL). The staggering figures presented in the report are a testament to Stacks’ explosive growth. Revenue surged by 3,386% quarter-over-quarter and 3,028% year-over-year, reaching $637,000. The…

On January 9, Veno Finance, a liquid staking protocol on Cronos (CRO), officially integrated with the zkSync Era Layer-2 blockchain scaling solution. This implementation enables users on zkSync Era to directly engage in Ethereum (ETH) token staking, earning Liquid ETH (LETH) tokens; this development expands opportunities for yield farming within the decentralized finance ecosystem of Veno Finance, as per the latest information shared with Finbold. The Veno protocol simplifies support for the Ethereum network among zkSync users. Its mechanism involves bridging ETH tokens between zkSync Era and the Ethereum mainnet, automating the staking and withdrawal processes on behalf of users.…

Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilise affiliate links within our content, and receive commission. There is no such thing as a boring day in the non-fungible token (NFT) world. In today’s NFT news selection, read about South Korean Starbucks launching a first-of-its-kind NFT collection, the Epic Games Store releasing the Nyan Heroes game, and Pudgy Penguins jumping straight into the top five collections of the day. Learn more below. Starbucks Korea Reveals…

Ethereum core developer Eric Conner says the network’s mainnet in the long term will not serve as the platform where daily users would want to transact tokens. In a recent thread on X, Eric Conner, an Ethereum core developer, discussed the future trajectory of Ethereum’s mainnet, shedding light on its role in the ecosystem and addressing concerns about transactional costs. Conner emphasized Ethereum’s prioritization of “liveness,” highlighting its critical importance in facilitating transactions without outages as a key to building trust within the ecosystem. “But the fees are too high”Ethereum L1 in the long term isn’t where daily users will…

Crypto financial services company BitGo has bought a firm focused on investment infrastructure for alternative assets as part of a bid toward advancing a so-far stalled tokenization space. Brassica, the company to be acquired, offers back-end infrastructure services for private securities and alternative investments, including multi-asset custody, record-keeping and transfer agent services. While most traditional finance players have a crypto- or blockchain-related proof-of-concept in the works, the worlds of digital assets and traditional finance currently have “almost no overlap,” argued BitGo CEO Mike Belshe. The firm’s latest deal seeks to digitize the alternative asset industry by offering unique support of…