Author: NBTC

In a frenzied bid to capitalize on the latest wave of meme coins, transaction fees on the Bitcoin network surged to $82 million on Saturday. According to TheMinerMag, users were eager to mint tokens via the Rune protocol, which facilitates the creation of fungible tokens. These digital assets’ appeal mirrors similar tokens’ success on other blockchains, like Ethereum’s PEPE and Solana’s WIF, which have performed exceptionally well this year. According to Bloomberg, the Rune protocol, devised by developer Casey Rodarmor, also supports the creation of nonfungible tokens, further enhancing its utility. Rodarmor preferred the term “etching” over “minting” to more…

The Banco Central de Chile recently published its second report exploring the concept of a central bank digital currency (CBDC). It ultimately found there’s no need for one due to high levels of financial inclusion in the country (85-87%), but said it would prepare nonetheless. The report was the second of its kind and included 450 responses and the findings of eight working groups. Innovation, efficiency, and concerns about acceptance Survey respondents cited financial innovation, alternatives to electronic payments, a desire to encourage competition, lowering costs associated with payments, and enhancing efficiency as benefits of a CBDC. The roundtable consultations…

Decentralized and open-source computing platform Akash Network has captured significant attention in the cryptocurrency market as its native token, AKT, has outperformed the top 100 cryptocurrencies with a 2400% price increase year-to-date. While Bitcoin (BTC) and other major cryptocurrencies experience price corrections, the Akash Network and its native token are surging at a remarkable pace. To comprehend the driving factors behind this uptrend, it is crucial to delve deeper into what the Akash Network represents and its underlying technology. What Is The Akash Network? The Akash Network, founded in March 2018 by Overclock Labs, emerged as a distributed cloud computing…

In today’s news, WSJ claimed that Binance detected that popular market maker DWF Labs was engaged in market manipulation. Based on the statements of a former Binance employee, WSJ claimed that Binance researchers manipulated the prices of DWF Labs’ Yield Guild Game (YGG) token and at least six altcoins in 2023. While DWF Labs X denied WSJ’s claims, a Binance spokesperson also denied the news and told Cointelegraph: “Binance categorically denies any allegation that its market surveillance program allows market manipulation on our platform. We have a robust market surveillance framework that detects and takes action against market abuse. Any…

zkSync Era is undergoing an upgrade and has some great news for users and builders. Following its most recent upgrade (VM version 1.4.2, Protocol version 22), which introduced EIP-4844 support and significantly decreased our fees by a factor of 10, now is the opportune moment to introduce some novel functionalities and enhancements to Protocol v24. The company encountered certain difficulties with v23 in its internal environments before deciding to standardize the enhancements A few of the enhancements to the new version will include the addition of EVM curve operations precompiles, the zkSync Bridgehub, and a new precompile for P256Verify. Furthermore,…

Bitcoin price extended its increase and climbed above the $66,000 resistance zone. BTC is now showing positive signs and might find bids near $65,500. Bitcoin gained pace for a move above the $65,500 resistance zone. The price is trading above $65,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $65,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower, but the bulls might remain active near the $65,500 support. Bitcoin Price Gains Strength Bitcoin price started a fresh increase above the $64,500…

In a recent interview with BeInCrypto, Alan Scott, a researcher at Railgun, elaborated on the recent endorsement by Ethereum co-founder Vitalik Buterin. This endorsement highlights the advancements and the unique privacy features that Railgun aims to bring to the decentralized finance (DeFi) sector. DeFi Through Zero Knowledge Proof Tech Railgun leverages zero-knowledge proofs (zk-SNARKs) to ensure user privacy while interacting with DeFi applications. “Zero-knowledge proofs allow users to prove a statement’s truth without revealing the actual information. In Railgun’s case, users can prove they own a specific balance of encrypted tokens in the Railgun smart contract, enabling privacy-preserving transactions,” Scott…

Coins.ph, a digital asset exchange in the Philippines, has obtained approval from the country’s central bank, Bangko Sentral ng Pilipinas (BSP), to introduce PHPC, a Philippine peso-pegged stablecoin. This milestone marks a significant development in the digital asset landscape, offering Filipinos a secure and stable digital currency for various financial transactions. Empowering digital transactions with PHPC PHPC, the first Philippine stablecoin designed for retail customers, aims to revolutionize digital transactions in the country. In a media roundtable on Wednesday, Wei Zhou, CEO of Coins.ph, expressed the transformative potential of PHPC, stating, “PHPC will empower Filipinos to transact seamlessly and securely…

FTX’s latest plan to pay back its creditors is another step in a process that could require plenty more negotiation…and time. In other words, the saga is not over. Creditors will have a chance to weigh in on the bankrupt crypto exchange’s joint reorganization plan — filed late Tuesday — before it gets presented before a court in June. The new plan could fully reimburse creditors — at November 2022 prices — with some receiving interest. The FTX estate owes creditors roughly $11 billion, though it has managed to cobble together between $14.5 and $16.3 billion in cash. The returns…

To provide customers with a higher level of DeFi exposure and promote the Chainlink framework, decentralized perpetual exchange YFX has integrated Chainlink Data Streams on the Arbitrum mainnet. The company’s initial incorporation occurred using Chainlink Data Streams, which included AVAX, USD, BNB, USD, DOGE, and many others. They focused on Chainlink Data Streams because of the superior quality of data they delivered using the well-established Chainlink framework, which provides unmatched capability and security. With YFX V4, which expands upon the existing Perpetual Protocol market, traders and makers have access to the most user-friendly, cost-effective, and lucrative trading platform available. Traders…