Author: NBTC
Berachain airdrop hunters have minted over 1.7 million NFTs as the yet-to-launch project engaged speculators in tasks that may yield free tokens. Berachain is a layer-1 network powered by proof-of-liquidity and built on the Cosmos SDK, a framework for creating decentralized applications or dapps written in the Go programming language. The protocol also considers itself an Ethereum Virtual Machine-equivalent L1. The blockchain claims to fully implement the EVM code enshrined in Ethereum’s yellow paper, a technical document explaining Ethereum blockchain design and architecture. An EVM-equivalent protocol is also completely compliant with Ethereum, enabling support for any dapp running atop Ethereum’s…
One significant whale has made a substantial move that signals confidence in Ethereum (ETH) over Bitcoin (BTC). According to Lookonchain, a notable cryptocurrency analytics platform, the investor has recently borrowed 280 Wrapped Bitcoin (WBTC) worth $14.6 million from decentralized finance protocol Aave and converted it into 5,150 ETH. This action suggests a bullish stance on Ethereum and a bearish view on Bitcoin, potentially indicating a strategic shift among crypto whales. Ethereum’s new yearly peak The price of Ethereum has surged to $2,800, marking its highest point since May 2022 and highlighting a significant rebound in the cryptocurrency market. The leap…
Tether, the self-described “largest company in the cryptocurrency industry,” recently led a $25 million Series A investment round in Oobit. Tether was joined in this investment by Anatoly Yakovenko, the co-founder of Solana, as well as CMCC and 468 Capital. Oobit is a Lithuania-registered firm that lists a contact address in Singapore, and is led by chief executive Amram Adar. Adar’s LinkedIn reveals that before his role at Oobit, he served in the Israeli navy special forces, and appears to still be based out of Tel Aviv. Adar also worked with Oobit chief operating officer Aharon Miller at WaveTech, which…
A groundbreaking advancement in cross-blockchain technology has emerged, marking a significant milestone in the integration of Ethereum decentralized applications (dApps) onto the Bitcoin network. The Bitcoin Virtual Machine (BVM) stands as a game-changer, functioning as the counterpart to Ethereum’s Virtual Machine (EVM) but tailored for the Bitcoin network. BVM facilitates the seamless migration of Solidity smart contracts and dApps from Ethereum to Bitcoin with minimal modifications required. What sets BVM apart is its remarkable efficiency, drastically reducing deployment times. Unlike traditional methods taking months or even years, BVM enables the swift deployment of Ethereum dApps onto the Bitcoin network within…
The Terra Luna Classic community votes on another proposal related to changing the minimum deposit as spam proposals continue despite increasing minimum deposit amount from 1 million LUNC to 5 million LUNC in September last year. Terra Luna Classic Setting Minimum Initial Deposit to 1M LUNC Proposal 12071 “Set the Minimum Initial Deposit to 1M LUNC” is up for voting in the Station wallet. Spam proposals or poorly written proposals are rising deposit voting section. This proposal aims to provide an entry barrier into the deposit section to prevent these proposals from even appearing in the deposit phase. A parameter…
Challenger blockchains Sui, Sei and Ronin are having a moment. Their native cryptocurrencies have tripled in price over the past three months, outperforming all other layer-1 assets in the top-100 by market cap. Market leaders bitcoin (BTC), ether (ETH) and binance coin (BNB) meanwhile gained about 30% in that time. Solana (SOL) and avalanche (AVAX) nearly doubled. SUI, SEI and RON are far smaller cryptocurrencies with less liquid markets (all three combined are not even one-third of AVAX’s market cap), so increased volatility is to be expected. Still, the data suggests those networks have garnered increased usage over the past…
It looks like apes are out, and penguins are in. Bored Apes Yacht Club, the collection of 10,000 cartoon ape NFTs that became wildly popular in the months after their April 2021 creation, has seen its trading interest languish in recent months. Pudgy Penguins, which were first minted around the same time as Bored Apes, continue to roll. This trend shows itself in the convergence of the two projects’ floor prices. A collection’s floor price is the lowest price for which a collector could acquire a piece in the collection on secondary markets. As of Monday morning, Bored Ape’s floor…
Tim Beiko, a prominent figure within the Ethereum ecosystem, took to X to relay significant updates from the latest All Core Devs Execution (ACDE) call, focusing on the progress of various Ethereum Improvement Proposals (EIPs). Among the discussed topics, EIP-2935 stood out, gaining renewed interest thanks to the potential integration of Verkle trees. These social media updates offered a glimpse into the Ethereum community’s ongoing efforts to enhance the network’s efficiency and security, particularly highlighting the strides being made toward improving stateless client support and refining the execution layer (EL) state transition function. Stateless client support Beiko’s posts detailed the…
Amidst a significant surge in cryptocurrency prices, which propelled the total crypto market capitalization to a high of $1.93 trillion on Thursday, influential interest groups are urging the US Securities and Exchange Commission (SEC) to revise accounting guidance that imposes higher costs on US banks for holding digital assets on behalf of their customers. Banking Trade Groups Urge SEC To Revise Crypto Accounting Rules According to a Bloomberg report, a coalition of trade groups, including the Bank Policy Institute, the American Bankers Association, the Securities Industry and Financial Markets Association, and the Financial Services Forum, sent a letter to the…
As Bitcoin continues to perform strongly recently, the expectations of investors and analysts are also increasing. At this point, as the halving, which is seen as an important catalyst for BTC and cryptocurrencies, approaches, bullish expectations also increase. Speaking to Coindesk, 10x Research founder Markus Thielen said that he expects Bitcoin to continue its rise. Thielen said that data from past halving cycles and the Relative Strength Index (RSI) indicator were effective in this upward expectation. “1.Rise Signal: Past Halving Cycle Data” Pointing out that Bitcoin increased by over 30% in the eight weeks until the halving, as it has…