Author: NBTC
The following is a guest post by Rob Viglione, CEO of Horizen Labs. In the past year, there have been some major milestones along the Ethereum roadmap that have leveled up the network. EIP-4844 (aka Dencun) introduced blobs and proto-danksharding, making data storage an order of magnitude cheaper for Layer 2s and resulting in far lower transaction fees. Meanwhile, Layer 2s (mostly of the optimistic variety) have become more integrated and widely used in applications, making it possible to transact for less than a penny, and improving on Ethereum’s fundamental infrastructure. However, as anyone who has paid attention to gas…
Shiba Inu (SHIB) coin is a major contender for the meme coin throne, often referred to as as the ‘Dogecoin killer’ by its supporters. As the coin continues to grow, more people are interested in the tokenomics of this project and find themselves wondering how many Shiba Inu coins are in circulation. Understanding Shiba Inu coin (SHIB) Shiba Inu was created in August 2020 by pseudonymous developers. Unlike tokens that live on a dedicated network, (SHIB) is an ER-C20 token that exists on the Ethereum blockchain. As such, it has access to DeFi and related services, giving it an advantage…
As market sentiment continues to shift towards the bullish end, Bitcoin (BTC) price also appears to be towing the same path. With an 8.50% increase in the last seven days, the cryptocurrency is eyeing levels that could bring in substantial profits for its holders. Beyond that, this on-chain analysis explains how this potential price surge could precede a new all-time high before the next quarter winds down. Bitcoin Gives Bull Run Alert According to crypto asset management firm 10x Research, Bitcoin is preparing for an explosive move. However, in its weekly report dated September 22, 10x Research stated that BTC…
Ethereum (ETH) price recently faced a 13% correction, bringing the altcoin down from local highs. However, the cryptocurrency is showing signs of recovery, having secured a crucial bear market support level. With market sentiment slowly improving, ETH appears poised for a potential rebound, though challenges remain. Ethereum Losses Trigger HODLing Ethereum has seen a spike in realized losses, which typically signals untimed selling from investors who may have exited positions during the downturn. Interestingly, these upticks can also indicate a shift in investor behavior, with many opting for HODL rather than risk further losses. By holding onto their assets, investors…
Venture capital (VC) funds invested over $659 million in crypto startups last month, representing a 3% increase compared to August, according to DefiLlama data. The blockchain gaming sector grew for the second consecutive month, with VC funds pouring $63 million into blockchain titles, marking a 32% monthly growth. Nearly half of the money raised by blockchain gaming startups was directed at Balance Games. The project received $30 million from companies such as Animoca, a16z, Aptos Labs, and DWF Labs to combine blockchain and artificial intelligence to create more enjoyable user experiences. Infrastructure Projects building blockchain infrastructure received $457 million in…
Cardano continues to draw criticism from the crypto community over its low transaction volume and declining market performance. Despite $22 billion locked within the network, the platform handles only 1.3 transactions per second (TPS), sparking concerns about its utility and future. Cardano is running at 1.3 transaction a second. This means less than 1.5 users are using @Cardano a second.1.5 users people. Yet $22b is locked in the network controlled by one man.This is the definition of a catastrophe. (Data from @Cardano) pic.twitter.com/UHDIN4Aukw — MartyParty (@martypartymusic) October 3, 2024 Most argue that this low transaction rate means that less than…
A closely followed analyst says Bitcoin (BTC) bears are close to rolling over as the top crypto asset by market cap continues to show strength. Pseudonymous analyst Cred tells his 645,000 followers on the social media platform X that the $64,000 price level is the line in the sand for BTC bears. According to the crypto strategist, a weekly close above the crucial price area will flip the market structure of Bitcoin from bearish to bullish. “We’ve only seen lower highs on the weekly thus far. Locally, this is the bears’ last stand i.e. last reasonable area where a lower…
Ethereum DeFi projects collectively burned 7,163 ETH from the system in the previous week, equivalent to $17.4 million in fees. Data from the Phoenix Group revealed that Uniswap became the most dominant protocol in burning 1,145.3 $ETH. The burn activity reflects the demand for DeFi services on the Ethereum network, as users interact with various protocols to trade and manage assets. TOP #ETHEREUM BURNER #DEFI PROJECTS#Uniswap $UNI #1Inch #Metamask #0xProtocol $ZRX #GnosisChain #Pendle #KyberSwap #Aave $AAVE #Paraswap #Tokenlon $LON pic.twitter.com/kJr8xnqCOj — PHOENIX – Crypto News & Analytics (@pnxgrp) October 6, 2024 Ethereum DeFi Platforms Drive Consistent Value Uniswap led the…
Hong Kong has become the global hub for digital bonds on the blockchain, with enabling regulations and an advanced investor base playing a major role. In yet another leap for the city-state, HSBC (NASDAQ: HSBC) has issued the first digitally native bond by a local private entity. On the regulatory front, the city’s two main financial watchdogs have pledged to align their digital asset over-the-counter (OTC) derivative rules with those of the European Union, as local laws aren’t robust enough for the sector. HSBC issues HK$1 billion digital bond HSBC has been championing the tokenization of the bond market globally;…
U.S.-based exchange Uphold has launched a campaign that allows XRP enthusiasts to win up to $20,000 in XRP tokens. Uphold announced this latest XRP promotion on Thursday via its official account on X. The campaign is called the “XRP Sweepstakes.” It promises a grand prize of $20,000 in XRP to one lucky participant, with an additional $5,000 to be shared among five runners-up. How to Participate in Uphold’s XRP Sweepstakes Notably, this campaign is designed to reward users for their activities on the exchange over a specified period. The XRP Sweepstakes opened for participation on October 3 and will end…