Author: NBTC
Shibarium, the much-anticipated blockchain by Shiba Inu, has been a hit since its launch. The network secured 3 million+ transactions within the first three weeks of its release. Moreover, Shibarium managed to deploy 10,000+ smart contracts with an average of 41,500 daily unique transactions. Now, the network has revealed its plans for the future with ShibPaper. The document sheds light on how Shibarium is establishing the foundation for the new digital global state. Shibarium is set to revolutionize crypto communities in the coming years. Here is an overview of the objectives set by the network: Community Empowerment At Shibarium, every…
Glassnode recently revealed data regarding Bitcoin and Ethereum. It solidified what investors have already witnessed for the past several months. Both Bitcoin and Ethereum have expanded their dominance across the financial market. The cryptocurrencies have secured massive appreciation against gold and the US dollar. In 2023 alone, Bitcoin has appreciated +93% relative to Gold. The number is securely placed at 39% for ETH. However, ETH has witnessed minor depreciation against BTC in the past 470 days. The ongoing weakness in the ETH/BTC ratio is quite similar to that recorded from May to July 2022. The price ratio has again reached…
In the realm of crypto investments, 3iQ Corp.’s creation of the first Ethereum staking ETF has generated considerable interest. Two prominent entities in the cryptocurrency industry, Coinbase Prime and Coinbase Cloud, provide support for the innovative 3iQ Ether Staking EFT (TSX: ETHQ, ETHQ.U). Using the consensus mechanism of Ethereum, this ETF offers investors the chance to invest in ETH while also benefiting from wagering. ETFs are crucial tools for investors to gain access to cryptocurrency through controlled initial placement. Thus, the 3iQ ether staking ETF simplifies ETH investment through traditional financial accounts such as IRAs. It streamlines crypto asset investments…
Polygon Labs and NEAR Foundation are finalizing an agreement to produce a zero-knowledge (ZK) prover for Wasm blockchains. Connecting Wasm-oriented chains to the Ethereum ecosystem, which will also have an expanding number of multichain Polygon CDK chains, will be facilitated by a zkWasm prover. The NEAR Foundation will be partnering with Polygon Labs as the primary contributor to the Polygon CDK (Chain Development Kit) through this unique collaboration. Developers working with the Polygon CDK will benefit from the increased flexibility given by a zkWasm prover. This is an aggregation of open-source software parts that helps simplify the process of designing…
Bitcoin Whitepaper completed its 15 years on October 31, this Halloween season. It was even met with a spicy tease from Gary Gensler, the Chair of the SEC. It has been so long since Satoshi Nakamoto published their first paper, Bitcoin: A Peer-to-Peer Electronic Cash System. The world has changed significantly since that year, which was 2008. Many digital tokens have entered circulation, providing enthusiasts with an endless selection from which to choose. Bitcoin’s decentralization and independence are what keep it on the cutting edge. There is no intermediary control over its operation; rather, only the network’s participating partners determine…
Evmos has stated its intention to deprecate Cosmos and move more in line with Ethereum. By requiring just Ethereum-style transactions, we can cut down on technical debt and increase engineering efficiency. By the conclusion of the third quarter of 2024, it is expected that Cosmos will be completely retired. Till now, Cosmos and Ethereum existed in the ecosystem for separate functions. For instance, Cosmos was dedicatedly responsible for core protocol functionalities while Ethereum was interacting with dApps through smart contracts. The functions of Cosmos included governance, staking, token transfers, and interoperability. The decision to deprecate Cosmos has been defined as…
NEAR Protocol recently experienced an increase of 40%. The jump has come in the last 30 days, or one month, with NEAR now being valued at $1.51. The rise was rather 44.69% at the time of drafting this article. What makes this relevant is the fact that the crypto industry is finally coming out of the winter season, with BTC and ETH leading the charge. Other tokens following the trend reflect that bullish sentiments are being rolled out across the ecosystem. This rise has many reasons, including why NEAR could still be effective enough to be bought. Having said that,…
The Bitcoin price has risen as high as $38,012 (on Binance), recording a marginally higher high. Here are the main reasons for the latest surge in BTC price. #1 Euphoria Over Potential ETF Approvals The crypto market has been electrified by the possibility of the US Securities and Exchange Commission (SEC) approving several spot Bitcoin ETFs. With the approval window having opened on November 9 until Friday (November 17), experts like James Seyffart and Eric Balchunas from Bloomberg estimate a 90% chance of approval for multiple filings by January 10, 2024, the final deadline for Ark Invest’s filing. Remarkably, the…
Bitcoin has been the face of the crypto industry ever since its inception. Now that digital assets are gaining mainstream adoption, BTC is leading the industry on numerous fronts. But the majority of crypto enthusiasts are oblivious to the origins of this worldwide phenomenon. Bitcoin made its market debut in October 2008, accompanied by a whitepaper. The document bearing the title “Bitcoin: A Peer-to-Peer Electronic Cash System” failed to garner significant attention. It was the 2008 financial crisis, also called the GFC (Global Financial Crisis), that motivated Satoshi Nakamoto to work on Bitcoin. Despite starting in the US, the phenomenon…
Ethereum switched to a proof-of-stake (PoS) mechanism, which is considered one of its milestones. It led to the creation of a native cryptocurrency rate connected to Ethereum staking. This shift is significant not just for the Ethereum network but also for the market architecture of other financial industries, such as conventional finance, centralized digital asset finance, and decentralized finance (De-Fi). An immediate demand exists for an Ether staking rate since market participants are attempting to comprehend and capitalize on the repercussions of this revolutionary shift, which is essential for research, risk transfer strategies, and benchmarking. Integration and Benchmarking The Ethereum…