Author: NBTC

In the last few months, there has been a noticeable boost in the number of stablecoin transactions on the Ethereum blockchain compared to other months. This surge was most noticeable in April when it broke its all-time activity record. Flash loans, typically excluded from financial data, contributed significantly to the transaction surge. Despite filtered stablecoin volume falling marginally below March’s level, FDUSD had its best month on record despite the absence of flash loan activity, which contributed to a respectable month for stablecoin volume. April’s outstanding performance has pushed DAI, a stablecoin, into the spotlight. Based on the data from…

AK Party Deputy Chairman and Head of Information and Communication Technologies Ömer İleri made new statements about the new cryptocurrency law. Forward shared his post in order to clear up some of the confusion discussed in the public about the law. Regarding TÜBİTAK’s role in altcoin listings on cryptocurrency exchanges, İleri said the following: “In principle, an approach has been adopted not to interfere with the crypto assets to be listed on the platforms. However, in order for the listings not to be random, platforms will be required to create a written procedure for determining the crypto assets to be…

In a significant move aimed at enhancing accessibility to the Bitcoin ecosystem, Alchemy Pay has teamed up with UniSat Wallet. UniSat is a blockchain service provider known for its support in inscribing and trading Ordinals/BRC20 on the Bitcoin network. .#AlchemyPay’s On-Ramp solution is now live on @unisat_wallet for easy Bitcoin purchase.Featuring a range of fiat payment options, this integration expands accessibility for a wider user base to join and engage with the general #Bitcoin ecosystem.https://t.co/krVVO6f2s6$ACH pic.twitter.com/YgxSVQJ1Y1 — Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) May 15, 2024 Alchemy Pay Integration with UniSat Wallet to Enhance Accessibility The collaboration introduces the Alchemy…

In the dynamic world of blockchain technology, transaction speeds have become a pivotal metric for measuring platform performance. CoinGecko’s latest report reveals a notable surge in transaction speeds across leading blockchain platforms, driven by a wave of on-chain activity and the rising popularity of meme coins. Solana Leads the Pack Solana has emerged as the fastest blockchain among large blockchains, achieving a record high of 1,504 transactions per second (TPS) on April 6, 2024. This places Solana 46 times faster than Ethereum and over 5 times faster than Polygon, the leading Ethereum scaling solution. Despite this, Solana has only realized…

Bitcoin’s has been transforming traditional economic paradigms, and this transformation has opened it to both interest and scrutiny. The post Bitcoin has transformed cross-border transactions, IMF study notes appeared first on Crypto Briefing. Bitcoin’s decentralized nature has been transforming traditional economic paradigms, and this transformation has opened the alpha crypto to both institutional interest and exposure to regulatory scrutiny. According to a recently published primer from the International Monetary Fund (IMF), Bitcoin operates in patterns distinct from traditional capital movements, offering an alternative during heightened regulatory and economic shifts. The research used comprehensive on-chain and off-chain data to analyze the…

ZeroLend has launched a crypto airdrop of ZERO tokens on the Linea ecosystem. The event occurred on May 6 at 7:30 UTC, generating interest among cryptocurrency enthusiasts. ZeroLend’s Crypto Airdrop For users of ZeroLend, the transition to the new airdrop system has been designed to be smooth. Existing Zero Gravity points and early ZERO tokens were automatically converted to ZERO at the launch of the airdrop. Furthermore, users can claim and stake ZERO on Linea, regardless of where the points were originally earned. The airdrop includes 13% of its total dedicated to early ZERO token holders and an additional 5%…

Stuart Alderoty, Ripple’s chief legal officer, has celebrated a recent bipartisan vote in the US Senate to kill an anti-crypto SEC rule that could pose a major threat to regulatory custodial services in the US. Alderoty claims that the “unauthorized overreach” of Securities and Exchange Commission Chair Gary Gensler will not be tolerated by both parties. As reported by U.Today, some of the most influential cryptocurrency luminaries, including MicroStrategy co-founder Michael Saylor, have praised the Senate for voting to nullify the SEC’s controversial SAB 121 guidance. The rule was supposed to force regulated banking institutions to register the cryptocurrency holdings…

Antpool, the second-largest Bitcoin (BTC) mining pool, mined seven blocks in a row on May 17, raising security concerns. The seven-block sequence confirmed 20,686 transactions, rendering over 23 BTC, worth around $1.54 million, in revenue. In particular, the event happened between block heights 843,898 and 843,904 and lasted one hour and 38 minutes. According to mempool. space data, Antpool collected 1.283 BTC in fees, plus 21.875 BTC from the block subsidy. Interestingly, Foundry USA, the largest Bitcoin mining pool, mined the previous block of this sequence and the two next blocks. This makes a sequence of 10 blocks mined by…

Neo Global Development has developed a new multi-signature utility for Neo N3 named NEXO. Multi-signature, commonly referred to as multi-sig, is a digital signature scheme that allows a group of users to manage an account jointly, requiring multiple parties to sign off on transactions before they can be executed. NEXO distinguishes itself from similar tools like Gnosis Safe on Ethereum-based networks by utilizing the inherent protocol-level capabilities of Neo N3. This means that unlike Ethereum-based solutions, which require the deployment of a separate smart contract for each multi-sig arrangement, NEXO operates directly within the Neo protocol, eliminating the need for…

South Korean police have arrested 34 people in a raid on a suspected crypto-powered drugs smuggling ring, officers announced on May 16. Per Newsis, police seized 90,000 doses of drugs including methamphetamine (crystal meth), synthetic marijuana, and ketamine. Officers said the ring used Vietnam-based smugglers to hide the drugs in cosmetics products. Gang members then allegedly sent these products to South Korea via international courier services. Crypto-powered Drugs Smuggling Ring ‘Hid Narcotics on Mountain’ Police said they had remanded nine people in custody, including two suspected South Korean ringleaders (both aged 36). Officers added that they had charged 25 other…