Author: NBTC
Crypto.com supports Cronos Chain, and the L1 network is now going live on the zkSync hyperchain network. The development takes the network live on Ethereum to embrace ZK Stack. Cronos zkEVM testnet comes with a DeFi TVL of $350 million. It has been defined as a significant scalability milestone. The overall objective is to boost mass adoption. The association entails a total of three benefits. These include access to the Ethereum ecosystem, free flow of liquidity along with users, and liberty to customize the solution. To begin with, the ecosystem’s free flow, users, and liquidity will be empowered to exchange…
Due to some court rulings not agreeing with the agency’s opinion, the Securities and Exchange Commission (SEC) has been compelled to reconsider its viewpoint regarding the spot bitcoin ETF applications. For some time now, The SEC, working under its head, Gary Gensler, has refused to grant its consent for the applications. A case in point is that of Grayscale Investments. In August 2023, the US Court of Appeals for the DC Circuit passed a ruling that mentioned that the SEC must rethink Grayscale Investments’ application related to spot bitcoin ETF. The decision was taken following Grayscale suing the SEC following…
A crypto analyst who correctly predicted that Bitcoin would hit the heights it is currently enjoying has once again given projections as to Bitcoin’s future trajectory. As part of his predictions, he highlighted the best and worst-case scenarios for the flagship cryptocurrency going forward. Bitcoin Could Ride To $60,000 In a live stream on his TechnicalRoundup YouTube channel, crypto analyst DonAlt noted that Bitcoin could rise to the resistance level of $60,000 based on historical patterns. The analyst had highlighted a bullish setup on the quarter timeframe, which had occurred both in 2018 and 2021. He also mentioned that the…
Filecoin recently announced the completion of its Watermelon Upgrade (nv21). The announcement was made on one of the official X/Twitter accounts of Filecoin. The tweet read that nv21 (network version 21) will deliver FVM improvements, protocol enhancements, and new features to simplify SP operations. Two of the most major changes that will improve data onboarding on the platform are: Increased maximum sector commitment to 3.5 years Adding Synthetic PoReps The proposal FIP-0052 stated that Filecoin will increase the maximum sector commitment from 1.5 years to 3.5 years. Before the upgrade, SPs were required only to commit sectors for 1.5 years.…
On-chain data shows Ethereum has successfully found a rebound at a major support zone, a positive sign for the asset’s exploration at higher levels. Ethereum Recently Made A Retest Of A Strong On-Chain Support Zone In terms of on-chain analysis, the potential of any particular price range to act as support or resistance lies in the total number of investors who bought their coins inside said price range. The reason behind that is the holders are more likely to react whenever the price retests their cost basis or acquisition price, which is obviously an important level to them since it…
Ethereum has seen its deflationary status once again in the limelight as the network continues to see a significant decline in the number of ETH tokens in circulation. This comes on the back of the belief that the bull run and some other factors could help uphold this trend. More ETH Goes Out Of Circulation According to data from Ultrasound Money, Ethereum has seen a decrease in its circulating supply in the last seven days, with over 14,160 ETH going out of circulation. This is a result of over 30,700 being burned during this period while only just over 16,500…
Starknet has announced that v0.13.0 is now live on testnet, adding that it comes with two crucial aspects, namely V3 transactions and transaction fee reduction. The objective is to pave the way for features that will make an appearance in the future. This includes Paymaster, Fee Market, and Volition Mode. The idea behind V3 transactions is to enable users to leverage their STRK holdings. They will be utilized to make payments for transaction fees. Ether is the currently accepted token, and the native token will be added to that list. Notably, STRK can be used only after it becomes transferable.…
Ether and Bitcoin are as strong as they can after shedding away the burden of crypto winter. However, one of them is poised to outperform the other in 2024. A general conception would place Bitcoin at the top of the table, but it is Ether in this instance. Nikolaos Panigirtzoglou, an analyst at JP Morgan, has sided with Ether, saying that ETH will reassert itself and outperform Bitcoin in the next year. The performance measurement largely measures how much they gain from the beginning of the new year. A larger reference makes this more evident: ETH is currently exchanging hands…
Bitcoin has crossed the 42k-dollar market after the US Federal Reserve decided to maintain the interest rate at 5.5%. The call was interesting, given that the job market and growth rate have slowed down. The Fed noted that inflation has eased despite exceeding its 2% target. Experts suspect these signs hint at the Fed cutting interest rates by up to 75 basis points in 2024. Given the direct correlation between BTC and The Fed’s interest rate policies, the estimates intrigued most crypto traders. Bitcoin future predictions became a common topic of interest as BTC has gained 17% value in the…
Gaming giants Sony and Microsoft have been actively incorporating Blockchain technology into their operations. Their moves marked a crucial development with the potential to reshape the gaming industry and, with that, the mainstream adoption of Blockchain. Many are questioning whether their undertaking will succeed when so many have failed before. According to CoinGecko, over 75% of all Blockchain games launched in the last five years have been discontinued. Only 690 out of 2,817 games launched between 2018 and 2023 have a somewhat active player base. Now, Sony and Microsoft’s recent moves are expected to be the key to making Blockchain…