Author: NBTC
Foobar, a code builder, criticizes Ethereum, accusing its developers of neglecting crucial improvements. Because of this shift, projects, including meme coin issuers, are adopting alternative protocols, including layer-2s and modern blockchains like Solana, which boast more features, mostly higher scalability. Ethereum Developers Are Blocking Mainnet Updates Taking to X, the developer claims that there have been no major mainnet improvements chiefly because such upgrades are being blocked by core and client developers. Specifically, Foobar cites the long-standing delays for features like Trie State Storage Optimizations (TSTORE) and Externally Owned Account (EOA) batch transactions. The developer also noted the lack of block…
Citi announced that it has successfully conducted the Proof-of-Concept on the tokenization of private funds. The feat has been achieved in association with Wellington Management and WisdomTree, adding that PoC was done on the Avalanche Spruce institutional test subnet.The capabilities of smart contracts have been shown to provide operational efficiency and functionality that conventional assets can not yet offer. Citi and its partners have hailed the development, for it brings these functionalities with lower risk and lower barriers, in line with prevailing regulations. Citi has now successfully tested how to support clients issuing and accessing tokenized private assets. It ensures…
Bitwise took to X to share the news that it is transitioning its Bitcoin address from P2PKH to native SegWit P2WPKH. The aim is to adopt new technology and offer an enhanced experience to investors and the entire crypto sphere. The most has been defined as power play, for it reduces the cost and improves the efficiency of transactions. Most importantly, it signifies Bitwise’s commitment to innovation and leaving behind the players in traditional finance. Bitwise has expressed its pride and gratitude to Coinbase Custody, adding that their team promptly addressed the request. For a quick reference, the native SegWit…
Bitcoin (BTC) Spot Exchange-Traded Funds (ETFs) are currently in the limelight as the products have seen massive net inflows in the past few days than in the initial weeks of introduction, dominating the market of crypto investment products. Bitcoin ETF Inflows Surges In The Last 4 Days Thomas Fahrer, the co-founder of Bitcoin tracking platform Apollo, took to the social media platform X (formerly Twitter) to share the development with the community. Fahrer pointed out that BTC spot ETFs are presently experiencing a “total acceleration” of inflows. Fahrer emphasized that Bitcoin ETFs underperformed in the first few weeks compared to…
BlackRock is expected to close the market at a total volume of $5 billion. The predicted estimate is based on the number for February 14, 2024, when IBIT—that is, iShares Bitcoin Trust—bagged a daily volume worth $720 million. That is the highest figure since the time of the launch of IBIT. The rise is built on what has happened in the last 3–4 days. The lowest that the daily volume went to was on February 6, 2024. A total of approximately $50 million was recorded on that day. However, it followed a constant rise on February 13, 2024, taking it…
AltLayer, a pioneering decentralized platform that allows rollup network building in collaboration with smart contract development giant Matter Labs, has finally been revealed, marking another significant success for the cryptocurrency and blockchain industries. By integrating Matter Labs’ ZK-rollup-based zkSync protocol, this agreement would boost Ethereum’s scalability and efficiency. AltLayer provides a platform with resources and architecture for developers and users to roll out utilizing its more advanced ZK Stack rollup SDK. The name ZkSync has been associated with cutting-edge technology, resulting in two advantages: vastly faster transaction processing speed and significantly lower gas fees. This is a significant advantage for…
Matt Dines, the Chief Investment Officer at Build Asset Management, has identified a classical ‘Cup and Handle’ pattern in the Bitcoin (BTC) price chart, which he believes could signal an impending rally to $75,000. This technical formation is often considered a strong bullish signal and is closely watched by market analysts and traders. Bitcoin Price Validates Cup And Handle Pattern The ‘Cup’ part of the pattern, resembling a bowl or rounding bottom, began forming in March 2022 when the price plunged below $48,000 and entered one of the longest Bitcoin bear markets. The pattern reached its lowest point at approximately…
Bitcoin bulls are back in charge, with the world’s leading cryptocurrency surging past $52,000 on Wednesday following a long hiatus. This rally comes on the heels of a brief dip below $50,000 triggered by hotter-than-expected US inflation data, but investors shrugged it off, demonstrating resilient confidence in the digital asset’s future. Bitcoin is up more than 21% so far this year. Bitcoin Shows Mettle With $52K Breach This latest surge marks a significant milestone, not just for Bitcoin but for the entire cryptocurrency ecosystem. After 26 months, the top crypto asset has officially surpassed the coveted $1 trillion market cap, a…
Ripple, a market leader in enterprise blockchain and cryptocurrency services, will acquire the certified platform for digital assets Standard Custody & Trust Company. This exemplifies Ripple’s commitment to regulatory compliance, enabling the organization to expand its existing product line and explore additional prospects. By means of this acquisition, Ripple will gain Standard Custody’s money transfer certification and limited purpose trust charter, which will contribute to its growing portfolio of accreditations. A Monetary Authority of Singapore Major Payment Institution License, a New York BitLicense, and approximately forty money transmitter certificates are all held by Ripple and its subsidiaries. An additional accreditation…
On Tuesday, the Bitcoin price plunged from $49,900 to $48,300 following the release of the US inflation data. As NewsBTC reported, the data came in hotter than expected. Instead of 2.9%, headline CPI came in at 3.1%, while the core CPI was even at 3.9% instead of the expected 3.7%. The traditional financial market reacted negatively and dragged Bitcoin down with it, as expectations for interest rate cuts have shifted further into the future. The prediction markets are now pricing in only 4 rate cuts in 2024 after CPI inflation reached 3.1% in January. This is a huge drop in…