Author: NBTC
“Xai is built to enable open trade in the next generation of video games,” the official site says. In its quest to do so, the network aims to reduce fees, offer account abstraction to hide some of those pesky blockchain elements, and empower game creators in the process. The layer-3 blockchain is developed in part by Offchain Labs, the original creator and primary developer behind the Ethereum layer-2 Arbitrum network that Xai is built on top of. And Xai is getting help from game developer Ex Populus, which will deploy the first games planned to launch on the network in…
Bitcoin could be in the middle of a sharp, parabolic run that will catch many off guard, according to a crypto analyst who has accurately called several of BTC‘s biggest moves. Pseudonymous analyst Dave the Wave tells his 146,000 followers on the social media platform X that three indicators support the argument that BTC could touch $170,000 in May. The trader shares a weekly chart with BTC’s moving average convergence divergence (MACD) indicator, which aims to pinpoint reversals and confirm trends, along with time-based Fibonacci markers which are usually used to find local price tops and bottoms based on the…
Fruition Productions, the media firm overseeing the production of the much-awaited XRP documentary, “XRP Unleashed,” has teased the coming of a new trailer. The team disclosed the new move in a recent post on X, noting that the trailer will drop tomorrow, Friday, March 5. Fruition Productions expressed excitement about providing an update on the development of the documentary. Additionally, the team expressed gratitude to the individuals interviewed thus far during the production process of the XRP film. New XRP Unleashed trailer dropping this Friday! Excited to share our progress and showcase the broader story of XRP. Thanks to all…
With the case between the United States Securities and Exchange Commission (SEC) and Ripple still waiting for its outcome, i.e., the decision on the amount of damages that the blockchain firm will have to pay over its XRP sales to institutions, the two sides continue to fire motions at each other. As it happens, Ripple’s legal team has filed a Motion to Strike new expert materials that the SEC has submitted in support of its Motion for Remedies and Entry of Final Judgement, in addition to filing its Opposition to this Motion, defense attorney James K. Filan shared on April…
SEDA, the groundbreaking modular data layer designed for all blockchains, has officially launched its mainnet genesis event. This launch signifies a monumental shift in the Web3 landscape, introducing a new standard for data access, transport, and configuration across all blockchain networks. Traditional data infrastructure designs, such as oracles, have struggled to scale and meet the demands of the rapidly evolving Web3 ecosystem. These designs often require native deployment to each new network for every new feed created, leading to integration backlogs that can last up to nine months. This bottleneck has stifled innovation, created technical fragmentation, and presented significant challenges…
As the Bitcoin price reaches an all-time high, Ripple CEO Brad Garlinghouse shared his views on the current state of the crypto market and the future of ETFs. Garlinghouse noted that Bitcoin ETF volumes are rising and the overall crypto market is following Bitcoin’s lead, as it has historically. He emphasized the importance of this rise going hand in hand with real-world benefit, calling it “the true and inevitable march of progress.” Garlinghouse shared the company’s stance on a potential XRP ETF with Bloomberg on February 20. Comparing the current situation with spot Bitcoin ETFs to the early days of…
The LSK token, a cornerstone of the blockchain platform Lisk since its 2016 ICO, is set to undergo a significant transformation. This shift heralds a new chapter for Lisk, transitioning into an era of enhanced interoperability and broader utility within the ecosystem. Embracing a New Chapter with LSK The upcoming migration of LSK to an ERC-20 token on Ethereum’s Layer 1 marks a pivotal moment. This transition enables LSK’s seamless integration across the vast Ethereum ecosystem, enhancing its utility across DeFi protocols, wallets, and more. Such a move not only broadens LSK’s horizons but also fortifies its liquidity and accessibility.…
Could a recent US criminal court case involving digital assets trading be helpful to Coinbase in its defense against the SEC? Last week, Avraham Eisenberg was convicted in a groundbreaking case on digital asset commodities fraud for manipulating Mango Markets to illicitly withdraw $110 million. On October 11, 2022, Eisenberg manipulated the price of futures contracts, causing a surge of 1,300% in just 20 minutes, ultimately allowing him to “borrow” $110 million in cryptocurrencies against inflated assets, as Bloomberg reported. The federal jury in New York found him guilty of commodities fraud, commodities manipulation, and wire fraud. Eisenberg, described by…
Decentralized Physical Infrastructure (DePIN) is utilizing blockchain technology to enable users to take ownership of their data. Tokens incentivize users to provide services in the real world using physical infrastructure and systems. A popular example of a DePIN project today is Helium, a wireless Internet of Things (IoT) network. According to Scott Sigel, the chief operating officer of the Helium Foundation, anybody can buy a helium-compatible gateway — which is similar to a traditional WiFi hotspot in everyday homes — and install it around their properties or in commercial spaces. Read more: Unlimited Helium Mobile cell plan goes nationwide for…
VanEck will drop the management fee for its spot bitcoin ETF, HODL, until March 31, 2025. Previously, it had charged a 0.2% fee, which is below that of its competitors. VanEck will temporarily cut the management fee to zero for its spot bitcoin exchange-traded fund (ETF), HODL, as its assets are well below some of its competitors. The asset manager said it will drop the fee until March 31, 2025, unless the fund reaches $1.5 billion in assets before that date, VanEck noted in a post on social media platform X. HODL previously charged investors a fee of 0.2%, which…