Author: NBTC
Puppynet, the testnet version of the Shibarium layer-2 solution behind the Shiba Inu (SHIB) cryptocurrency, is gearing up for major tech upgrades, according to a Friday announcement. Bor, one of the primary components of the network, will get a new version. This will be accompanied by the implementation of the Cancun hard fork. The upgrade is expected to bring faster transactions, ensure a more efficient storage system, and improve user experience. Testnets are networks that function in a similar way compared to actual networks. However, these networks are valueless. As the term suggests, such networks are meant to give developers…
Crypto exchange Coinbase has unveiled a new initiative in Singapore to foster the local developer ecosystem. Coinbase is doubling down on Singapore with a new engineering hub aimed at supporting local developers and expanding its presence in the Asia-Pacific region. In a blog announcement on Nov. 6, the U.S.-based crypto trading platform said the new hub will be focused on advancing blockchain through training and infrastructure. The initiative is set up in collaboration with the Singapore Economic Development Board. “With the Engineering Hub, we hope to empower local engineers to build the onchain economy and to make crypto more accessible…
J.D. Vance, Donald Trump’s vice presidential pick, holds between $250,000 and $500,000 in Bitcoin, according to federal disclosure forms filed in August, first reported by CBS News. His BTC holdings have doubled since his previous disclosures. In a 2022 report filed with the US Senate, he declared owning between $100,001 and $250,000 through Coinbase. While Vance’s wealth—estimated between $4.8 million and $11.3 million—is modest compared to Trump’s billion-dollar fortune, it surpasses the median US household net worth of $193,000, according to the report. Vance’s largest asset is a Charles Schwab account, estimated to be worth between $2.3 million and $7.7…
Ethereum’s price has been stuck in a consolidation phase, trading between $2,700 and $2,340, without a clear breakout in sight. Despite recent dips below its uptrend line, a historical pattern suggests the possibility of a future rally. If Ethereum can maintain key support levels, a breakout may be on the horizon. Ethereum Repeats History Analyst CryptoBullet recently highlighted that the ETH/BTC chart may be forming a bottom, resembling a pattern seen in late 2016. At that time, Ethereum rallied 2,738% over the following months. While such a spike is unlikely in today’s market, the formation is encouraging for investors. However,…
The cryptocurrency market saw a slight increase in trading activity this week, with global market capitalization rising by 3% over the seven-day period. This growing optimism has led whales to accumulate assets such as Telegram-linked Toncoin (TON), the leading altcoin Ethereum (ETH), and AI-driven Artificial Superintelligence Alliance (FET). Toncoin (TON) This week, crypto whales have paid attention to Toncoin (TON) as its price continues to grow. This rally comes a week after Telegram CEO Pavel Durov broke his silence regarding his arrest in France. At press time, the altcoin trades at $5.55, having seen a 16% price hike over the…
The ongoing legal conflict between Ripple Labs and the US Securities and Exchange Commission (SEC) continues to spark debate, with a $125 million fine levied against Ripple over alleged unregistered securities sales. Ripple recently appealed aspects of Judge Torres’s ruling, which categorised some XRP sales as unregistered securities, leading to questions over the SEC’s regulatory approach and potential impact on the broader digital asset sector. Ripple contends that the ruling misinterpreted the Howey test—a critical regulatory standard—and overlooked the regulatory ambiguities facing digital currencies. Where will Ripple’s $125 million penalty go? Ripple’s penalty has raised questions regarding the ultimate beneficiary…
Osmosis has introduced a digital asset spending card, supported by Cypher HQ, that allows users to seamlessly make purchases worldwide. Utilizing the extensive Visa network, the Osmosis Card is accepted by over 40 million merchants in more than 140 countries. Don’t fear, Osmosis Pay is here! 🧪💳Powered by @Cypher_HQ_, experience the freedom of spending your assets on Osmosis just like cash.Using the VISA network, the Osmosis Card is supported by 40+ million merchants across 140+ countries 🌐Here are the deets 👇 pic.twitter.com/3j4WB5T7Hb — Osmosis 🧪 (@osmosiszone) November 4, 2024 This launch signifies a major step in making digital assets readily…
Ethereum price extended losses and traded below the $2,500 support. ETH is consolidating and might struggle to recover above the $2,500 resistance. Ethereum started a fresh decline from the $2,550 resistance zone. The price is trading below $2,480 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming with resistance at $2,445 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave if it surpasses the $2,445 and $2,500 resistance levels. Ethereum Price Extends Losses Ethereum price struggled to stay above $2,500 and started a fresh decline like…
Celestia (TIA) aims to popularize its node structure by running a node in anyone’s browser. Using the TIA block explorer temporarily turns every user into a node operator. Celestia, the Data Availability network with modular scaling, is trying out a novel way of spreading awareness. Anyone opening the Celestia block explorer starts running a light node, serving to secure and decentralize the network. Celestia is approaching its first anniversary after launching its main net on October 31, 2023. The Celestia chain offered a Data Availability layer even before EigenDA, with the goal of becoming an intermediary between L2 and Ethereum…
The 2024 U.S. presidential election isn’t over yet, but politically-minded crypto companies have already turned their attention to fundraising for the 2026 midterm elections. Venture capital firm Andreessen Horowitz (also called a16z) donated another $23 million to pro-crypto super political action committee (PAC) Fairshake for the 2026 midterm election cycle, according to a blog post from Chris Dixon, a partner at a16z and the founder and leader of its crypto division. “Regardless of what happens in the 2024 elections, we’re committed to supporting policymakers, irrespective of party affiliation, who will work to establish a practical regulatory framework that protects consumers…