Author: NBTC
Morgan Creek Capital founder Mark Yusko thinks that we have not yet seen the FOMO (fear of missing out) phase grip Bitcoin (BTC) market participants. Speaking at the Bitcoin Investor Day, the hedge fund veteran says that Bitcoin’s latest halving kicked up BTC’s fair value from $50,000 to about $80,000. According to Yusko, he sees sidelined traders and investors rushing in to load up on Bitcoin once BTC rallies toward its new fair value. “Fair value has doubled in each of the previous halving cycles. Now I don’t think it will double this time because now we have inscription fees…
Axelar seeks to address challenges in decentralized applications and protocols, Flipside’s new cross-chain report revealed. Despite the challenges facing cross-chain adoption, as only 13% of Ethereum Virtual Machine (EVM) addresses have transacted across chains, Axelar’s recent innovations could soon transform this sector. The key to Axelar’s appeal lies in its cornerstone features: the Interchain Token Service (ITS) and General Message Passing (GMP). The tools simplify developers’ process of building decentralized applications (dApps) that function across multiple blockchains, making Axelar a seamless framework for multichain applications. ITS automates the creation of tokens that work natively across supported EVM chains, eliminating the…
Since at least 2021, you could trace the arc of crypto by following the word “metaverse.” It was once filled with buzz and hype and potential to be The Next Big Thing — even Facebook changed its name to Meta — and then lost its luster during Crypto Winter, as prices plunged and excitement cooled. But look closer. It’s now a cliche that many in the Web3 space “kept building” during the bear market, but it’s a cliche that has the ring of truth. And people kept building in the metaverse. “It’s thriving,” says Nicola Sebastiani, Chief Content Officer of…
Less than 24 hours after the 4th Bitcoin (BTC) halving took place, the price climbed above $65,000. The event took place on April 20 as miners’ rewards were cut from 6.25 BTC to 3.125 BTC. It is important to note that this happened as Bitcoin produced block number 840,000. Before the event, market participants expected the halving to cause high volatility with prices swinging very high or very low. However, that was not the case as BTC moved sideways between $63,000 and $64,000. But with the halving done and dusted, how will Bitcoin fare in the coming months? Here, Coin…
Ripple joined Swirlds Labs and the Algorand Foundation as a founding member of the DeRec Alliance. The alliance aims to simplify the implementation and recovery of digital assets. The decentralized recovery (DeRec) protocol created within the project allows restoring private information even if users lose their smartphone or other device for two-factor authentication. We are excited to announce that @Ripple and @XRPLLabs have joined @swirldslabs and @AlgoFoundation as Founding Members of the Decentralized Recovery Alliance, with two-year seats on the Technical Oversight Committee providing input on governance and core Alliance policies. #DeRec… pic.twitter.com/APP4Z70jIC — Decentralized Recovery Alliance (@DeRecAlliance) May 9,…
Zilliqa (ZIL), which had a serious problem in block production yesterday afternoon, stopped again minutes ago after it was announced that the problem was solved today. Currently, Zilliqa mainnet is still unable to produce blocks. In their announcement, the developers said that they had information that block production had stopped. In addition, they explained that it was not fully understood what the problem was that was solved yesterday, but after today’s outage, they started to understand exactly what caused the problem. Developers said they are currently trying to get to the root of the problem and get the network ready…
Pixel Realm, a well-known gaming platform, has recently announced an exclusive initial non-fungible token offering. As per the company, it is commencing the sale of Daosis Sapphire Maestro NFTs, giving a chance to the participants to for minting the tokens on Pixel Realm. On its X account, the firm revealed the details of the respective endeavor. 🌊 24 Hours to @Daosis_Official #INO on PixelRealm! 🌊📣 We are excited to announce that Daosis’ Sapphire Maestro NFTs Sale will be launching on PixelRealm with Sealed Bid Auction!🌊 We together aim to conduct a Sealed Bid Auction for 20 exclusive NFTs that grant…
Polkadot developers now have a secure foundation to build applications with the newly released generic runtime template, v1.0.0. This template is designed to be minimalist while including the most commonly used pallets within Polkadot’s ecosystem. Polkadot aims to create a more robust development framework that encourages secure and efficient coding practices. We just released v1.0.0 and cannot wait to see what you build with it. You can find more info in our docs.The development of this runtime has been a collaborative effort, involving audits by @SecReLabs, weekly coordination calls with @paritytech and extensive community… — OpenZeppelin (@OpenZeppelin) May 9, 2024…
According to Bitcoin analyst Alessandro Ottaviani, outflows from Grayscale’s embattled GBTC might be close to an end. This is due to the fact that Grayscale’s Bitcoin Mini Trust is expected to have fees as low as 0.15%. Not so fast? However, Eric Balchunas, Bloomberg’s senior ETF analyst Eric Balchunas, has warned that such fees are “hypothetical.” This means that the fund will not necessarily be able to offer such low fees. With that being said, Balchunas still sees this as a positive development given that Grayscale had to pick such a percentage. Grayscale initially unveiled its plans to launch a…
CryptoPunks dominated the non-fungible token (NFT) market with a US$1.39 million daily sales volume on May 12, according to CryptoSlam data. Most of those sales came from CryptoPunk 741, which sold for almost US$800,000 at the Larva Labs marketplace. The NFT’s last on-chain sale occurred seven years ago, for US$400. CryptoPunk 741 is now the eighth-highest-valued CryptoPunk in the collection. The second-ranking collection for the day was DMarket, which operates on Mythos Chain, a blockchain specialized for Web3 gaming applications. Dmarket had US$945,383 in daily sales, the third consecutive day above the US$900,000 mark. Sunday’s sales total follows a monthly…