Author: NBTC
With momentum carried over from the relatively smooth hard fork upgrades Shapella (Shanghai+Capella) and Dencun (Deneb+Cancun), Ethereum’s next hard fork was supposed to be a breeze. Nevertheless, several analysts are waving red flags about one of its code changes, EIP-3074. Through EIP-3074, Pectra will introduce codes that permit users to delegate all of their Ethereum assets to so-called Invokers — externally owned accounts (EOA) that users must trust to not steal their money. Following the naming convention of ‘star + city portmanteau,’ the upcoming hard fork Pectra (Electra+Prague) will introduce two new operation codes: AUTH and AUTHCALL. Together, these codes…
OKX, the fourth-largest crypto exchange, said its new layer-2 blockchain, called X Layer, has gone live on its public mainnet, a continuation in the era of major crypto companies starting their own distributed networks. X Layer, previously known as X1, makes use of Polygon’s Chain Development Kit (CDK), a customizable toolkit that lets developers build their own chains by making use of zero-knowledge technology. The news comes as other major cryptocurrency exchanges have pursued their own layer-2 networks over the past year. In August, Coinbase launched its “Base” blockchain, which is built with Optimism’s OP Stack. Kraken is reportedly also…
Bitcoin SV (BSV) has plummeted 13% over the last day after a UK court ruled that Craig Wright is not pseudonymous Bitcoin creator Satoshi Nakamoto and did not write the leading cryptocurrency’s whitepaper. Coupled with a broader downturn in the cryptocurrency market, it’s been a rough week for the Bitcoin variant. Also known as Bitcoin Satoshi’s Vision, BSV was trading for around $113 on Thursday as the court case between Wright and the Crypto Patent Alliance (COPA) concluded. BSV saw its largest drop in months after U.K. Judge James Mellor ruled that Wright is not the pseudonymous Bitcoin inventor Satoshi…
As Solana continues to experience congestion on its network with a large portion of its transactions coming off as unsuccessful, the organization has urged members of the community to be patient as developers and core contributors are working tirelessly to address the underlying issues and strengthen the network’s infrastructure. Root cause of Solana congestion According to Austin Federa, a strategist at the Solana Foundation, teams from Anza, Firedancer, Jito and other key contributors are devoting significant efforts to bolstering Solana’s networking stack amid the current congestion. Although there have been several speculations on possible causes of the congestion, Federa says…
Ethereum price is facing many hurdles near $3,200. ETH could gain bearish momentum if the price stays below $3,200 and $3,280. Ethereum is struggling to recover above the $3,200 resistance zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $3,100 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if there is a close below the $3,000 support zone. Ethereum Price Faces Hurdles Ethereum price started a recovery wave above the $3,000 resistance zone. ETH was…
Tether, the company behind USDT, has signed a Memorandum of Understanding (MoU) with Fuze, with the common goal of enhancing crypto education in Turkey and the Middle East. Tether and Fuze: new partnership to elevate crypto education in Turkey and the Middle East Tether and Fuze: initiatives, workshops, and crypto education in Turkey and the Middle East The Blockchain Education Initiative in the Philippines Tether and Fuze: new partnership to elevate crypto education in Turkey and the Middle East Tether has announced a new strategic partnership with Fuze, a leading provider of infrastructure for digital assets with offices in Abu…
President Nayib Bukele of El Salvador announced yesterday that the country is storing over 5,689 bitcoins in a cold wallet in a vault, revealing in the process that 4,560 of these bitcoins were received from Bitfinex. Bukele shared the wallet address on X (formerly Twitter), claiming it was a “big chunk” of El Salvador’s bitcoin and suggesting that the country has more bitcoin stored elsewhere. The vault is dubbed ‘the piggy bank’ and Bukele claimed, “It’s not much, but it’s honest work 😂.” We’ve decided to transfer a big chunk of our #Bitcoin to a cold wallet, and store that…
The move-to-earn project STEPN’s airdrop announcement caused a price drop to its native token, GMT. According to CoinMarketCap data, Green Metaverse Token (GMT) is trading at $0.29, down 6.5% over the past 24 hours. At the same time, traders increased GMT trading by 31% over the last 24 hours to $124.5 million. The sharp drop in GMT occurred shortly after STEPN announced the airdrop. Source: CoinMarketCap Created based on the Solana and BNB Chain networks, the STEPN game gained popularity in the spring of 2022. It allows users to receive rewards in GST and GMT tokens for walking or running.…
Following a significant downturn in March, liquid staking derivatives (LSD) protocols experienced another withdrawal of 380,000 ether, valued at roughly $1.17 billion, from leading LSD platforms since April 1, 2024. Ethereum Exodus: $1.17 Billion Pulled From LSD Platforms In the initial two weeks of April, a notable reduction of 380,000 ether was observed in the top liquid staking derivatives (LSD) protocols. On April 1, 2024, these platforms collectively held 13.53 million ETH across 27 distinct decentralized finance (defi) platforms, as per archived data from defillama.com. Presently, after this decline, approximately 13.15 million ETH, valued at $41.5 billion based on current…
Zypher Games, a Web3 on-chain game studio, has joined B2 Network. The collaboration reportedly focuses on delving into the on-chain games’ experience within the ecosystem of Bitcoin while both the partners will leverage take benefit from each other. Zypher Games took to its official X account to disclose the respective endeavor. Welcome onboard! Together with @Zypher_Games, @BSquaredNetwork will unleash the potential of on-chain games within the BTC ecosystem. https://t.co/vYloUNXS3O — B² Network | BTC Layer2 (@BSquaredNetwork) April 16, 2024 B2 Network Collaborates with Zypher Games to Revolutionize On-Chain Games As per the company, it utilizes the AI and ZKP of…