Author: NBTC
Polkadot (DOT) recently made some headlines after opening up its marketing budget and dividing opinions in the cryptocurrency market. The Web3 project continues to bet on spending transparency, now revealing a nearly $400,000 budget for Token2049 in Singapore. While reporting the six-digit expenses for the crypto event, Eric Holst raised a question: “Is Token2049 in Singapore worth it?” In the comments, people exposed different answers and opinions to Holst’s question, with a mix of supportive and opposing biases. Token2049 is one of the world’s leading crypto events, that happened this year in Singapore, on September 18 and 19. Polkadot’s team…
The Bitcoin hash rate, a key indicator of the network’s security and efficiency, jumped to an all-time high (ATH) level of 791.62 million TH/s, according to Ycharts. This new level also shows a remarkable 73.95% improvement on the particular metric from a year ago. Key Hashrate Milestone In the last few weeks, data from Ycharts shows that Bitcoin experienced a dramatic rise in its hash rate, with fluctuations between 574 million and 742 million in early October. The activity served as a precursor to the cryptocurrency finally going past the 791 million level, where it remains largely unchanged for the…
At present, the price of Bitcoin stands at $58,027.33. In the last 30 days, the price has seen a fall of at least 1.9%. Meanwhile, Gold has hit a new all-time high of 2,518.86 USD/oz. The data reveals a negative correlation between Gold and Bitcoin. Let’s dive deeper for more interesting details! Bitcoin Bear Market Persists CryptoQuant’s Bull-Bear Market Cycle indicator shows that the Bitcoin market is currently going through a bearish phase. The MVRV ratio also indicates a similar trend, as the ratio has stayed below its 365-day moving average since August 26. A CryptoQuant report states that Bitcoin…
EIP-7702 revolutionizes wallet management, allowing external accounts to act like smart contracts and improving user experience. Odyssey testnet speeds up Ethereum dApp development with high performance and integrates advanced cryptographic features. Coinbase’s restructuring focuses on on-chain growth and user-friendly crypto solutions with new leadership at Coinbase Wallet and Base. EIP-7702 is poised to revolutionize wallet management and account abstraction in cryptocurrency. Announced by Georgios Konstantopoulos on X, the new Ethereum Improvement Proposal (EIP) allows externally owned accounts (EOAs) to function like smart contracts. This development, available for testing on the Odyssey Chapter 1 testnet, aims to create seamless onboarding, enhanced…
TON’s largest mini-game, Hamster Kombat, will launch on Binance Launchpool on September 26th and has already attracted millions worldwide. The mini-game has 300 million accounts with 82 million monthly active users and 32 million daily active users. A total of $643.75 billion HMSTR tokens are in circulation. The largest TON mini-game, Hamster Kombat, will debut on Binance Launchpad on September 26th. The ecosystem will become the fifth TON project to launch on Binance. Hamster Kombat achieves 300 million total accounts Hamster Kombat ( $HMSTR ) @hamster_kombat 即将在明天 (9/26) 晚上 8 点上线币安。自 NOT 以来，这都已经是币安 Launchpool 连续上线的第 5 个 TON 生态项目啦~ 为什么交易所会如此频繁上线…
Northern Data AG is exploring the sale of its Peak Mining unit to refocus on artificial intelligence solutions. Northern Data, a German-listed crypto and artificial intelligence infrastructure company backed by stablecoin issuer Tether, announced on Monday that it is exploring the sale of its Peak Mining unit, a move aimed at solidifying the company’s position as a pure-play provider of AI solutions. In an Oct. 21 press release, the Frankfurt-headquartered company indicated that the potential sale of Peak Mining aligns with Northern Data’s strategy to focus on Europe’s largest Generative AI cloud platform and a portfolio of data centers. Northern…
Ceffu, a custody service, made a significant transfer of 683 BTC ($38.6M) to Binance just six hours ago, marking one of its latest movements on the exchange. This comes as part of a broader trend, with Ceffu having deposited a total of 7,638 BTC, equivalent to $448M, to Binance within the last month, indicating a notable spike in high-value activity involving the world’s largest cryptocurrency exchange. Ceffu deposited 683 $BTC($38.6M) to #Binance 6 hours ago.#Ceffu has deposited a total of 7,638 $BTC($448M) to #Binance in the past month.https://t.co/yObVfoTVqz pic.twitter.com/6Q4VM5Bpt7 — Lookonchain (@lookonchain) September 11, 2024 The data reveals a consistent…
Ethereum co-founder Vitalik Buterin has identified potential risks in the Ethereum network, especially around the blockchain’s staking protocol. According to Buterin, Ethereum risks Proof-of-Stake centralizing because of economic pressure. The co-founder stated that the existence of economies of scale in the core Proof-of-Stake mechanism would naturally lead to large stakers dominating and small stakers dropping out to join large pools. Related: What Ethereum Migration to Proof-of-Stake Means to Web3 CEOs In a recent publication, Buterin further highlighted that the dropping out of small stakers to join the larger ones could expose the Ethereum network to higher risks of 51% attacks,…
The EOS Network has successfully launched its Spring 1.0 update, which will introduce the project’s Savanna consensus algorithm and reduce the blockchain’s transaction finality time 100-fold to just one second. “With the Spring 1.0 upgrade and the introduction of the Savanna consensus algorithm, we’re achieving something rare in the blockchain world: changing our core consensus algorithm,” said the CTO of the EOS Network Foundation, Bryan Wyatt, in a press release. “Very few Layer 1 blockchains have ever done this. I can think of only a handful—Ethereum being the most well known,” Wyatt added. Enabling Next-Generation Decentralized Applications EOS’s transition to…
The Russian government, alongside its largest crypto mining company BitRiver, is moving forward with plans to build crypto mining data centers in BRICS countries. These countries—Brazil, Russia, India, China, and South Africa—are now part of Russia’s new strategy to push its mining operations and digital infrastructure to a global level. The deal is spearheaded by the Russian Direct Investment Fund (RDIF), the state’s sovereign wealth fund. This was announced at the BRICS Business Forum held in Moscow on October 18. The two entities plan to expand the country’s computing power across borders, tapping into both crypto and artificial intelligence (AI)…