Author: NBTC
Sushi, the well-known decentralized finance (DeFi) project, is going on an exciting growth adventure, for the first time stepping beyond the Ethereum environment to interface with the Aptos blockchain. Sushi’s foray into a blockchain that does not natively support the Ethereum Virtual Machine (EVM) represents a key milestone in the field of DeFi. Integrating Sushi’s Version 2 automated market maker (AMM) into the Aptos network is central to this development, which is anticipated to alter the DeFi landscape. In an official statement, the Sushi team emphasized the innovative significance of this decision, noting that this integration represents Sushi’s first non-EVM…
The US Securities & Exchange Commission, or the SEC, keeps making the splash when it comes to taking the crypto heads on. This time, it is not just from lawmakers but also from TradFi players who are speaking their minds about spot Bitcoin ETFs. Reports surfacing on the Internet are handing over the defeat to the SEC, claiming that the Commission is under pressure to approve spot Bitcoin ETF. It is only increasing after the loss in Court on Tuesday. The SEC has sought some time to review the final verdict before coming up with a resolution. Needless to say,…
Startale Labs recently announced a joint venture with Sony Network Communications. The collaboration will see the parties develop a blockchain for Sony. The blockchain network will be used to support the worldwide Web3 infrastructure. Both parties will merge their partner networks, expertise, and skill sets to enable the development. With blockchain technology advancing significantly, both Startale Labs and Sony will leverage its potential to propose Web3-based use cases. The parties have decided to establish a joint venture company by the name of Sony Network Communications Labs Pte. Ltd. in September. As expected from a massive brand such as Sony, the…
The US Securities and Exchange Commission has decided to further the timeframe for coming to any conclusion regarding the applications it has received from Invesco, Wisdom Tree, and Valkyrie. The matter is related to spot bitcoin trading exchange trading funds. The decision has been extended for a couple of weeks, somewhere around the middle of October 2023, and the chances are it could be further delayed. Initially, the decision was meant to come through in the forthcoming week. The plan for the extension took place following the federal appeals court order that the SEC should not have refused an application…
Offchain Labs has announced a partnership with Espresso Systems. The objective is to bring sequencing technology to Ethereum roll-ups, provided they meet the nature of being open-source and decentralized. The partnership is based on the assumption that a total of three elements will be integrated. These include Timeboost ordering, the Arbitrum technology stack, and the Espresso Sequencer. What brings Offchain Labs and Espresso System together is their mutual mission of having a decentralized future of shared transaction sequencing that is undertaken with the end-user in mind. Offchain Labs is bringing together its potential to undertake research and development. It will…
Bitcoin, the leading cryptocurrency in the sphere of digital assets, continues to go a long way toward revolutionizing the financial realm extraordinarily. As a burgeoning digit asset, the use of Bitcoin can be easily witnessed in a variety of industries, leveraging them phenomenally. Whether it is finance, healthcare, banking, government, technology, online gambling, and more, Bitcoin’s evolution has brought about significant innovation in terms of how industries operate and interact. In the following sections below, we are going to discuss five key sectors that exploit the power of Bitcoin’s blockchain technology and reap benefits at a stretch. 5 Sectors Benefiting…
The launch of the Holesky Testnet, which will add 1.6 Billion ethers to the network, is planned by the Ethereum development team. In order to advance the blockchain’s overall development, the Ethereum core developers emphasized that 1.4 million validators were tested for Holesky. Geth and Nethermind’s pre-launch bugs were located and fixed. The Ethereum developer also mentioned that Kurtosis Tech and the Ethereum Foundation’s DevOps team collaborated on pre-launch testing and that they want to use it to enhance test scenarios in the future. In the middle of September, Ethereum developers plan to release Holesky, a new testnet. A large…
MetaMask has announced the launch of MetaMask Snaps in an open beta version. That is, users can test the development that has been made so far, give their feedback, and continue helping the product before it is widely made available for others. Snaps is a product that enables developers to join the ecosystem and fetch innovative features for its members. This allows them to integrate upcoming functionalities in a decentralized manner. There was an urgent need for a platform on which independent developers could develop without requiring platform approval. This does not imply that the infrastructure will no longer be…
Oliver Velez has backed the purchase of Bitcoin, represented with the symbol – BTC. Oliver hails from the trading backyard that spans 30 years, along with being an author. Oliver’s post on X, formerly Twitter, has stated that BTC will go rare by the end of next year, making it one of the highest-demanding assets in the world. While the idea is interesting, the way it has been linked by Oliver is somewhat based on a vast assumption that everyone on the planet will hold BTC. The connection is with the world population, which currently stands at 8.1 billion. Velez…
Ethereum is an open-source, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. It was initially proposed in late 2013 by Vitalik Buterin, a programmer and cryptocurrency researcher. Ethereum was first released as Frontier on July 30, 2015. Since its release, the project has quickly become one of the most influential cryptocurrencies available today. With a wide variety of applications already built into the system, it is one of the oldest and largest blockchains currently running in production with millions of daily users. The core innovation that makes Ethereum stand out from other tokens or coins is…