Author: NBTC
The Ethereum Foundation’s recent series of transfers to the multisign address “0xbc9” has drawn market observers’ attention. Spot On Chain reports the foundation recently moved 1,000 ETH, valued at $3 million, to this address. Since the start of 2024, it has transferred 5,000 ETH in total to this location. These transactions could impact the market, as previous trends suggest. Of the ETH moved previously to this address, 1,766 ETH have been sold for 4.81 million DAI, averaging $2,725 per ETH. According to analysis, the foundation’s actions often align with drops in Ethereum’s price. In/Out flow (Source: Spot On Chain) Presently,…
Glacier Network, a popular data-centric blockchain, has announced its latest integration with a well-known proof-of-compute protocol. The integration of Cluster Protocol with Glacier VectorDB includes the training of AI models in line with a shared commitment concerning the decentralized data setup. Glacier noted on its X account that the integration includes the optimization of wide dataset management for notable performance. 🔥Thrilled to share that @ClusterProtocol integrates with Glacier VectorDB for AI Model training⚡️🩵💫🔹Cluster Protocol is revolutionizing #AI with blockchain integrity🙌This integration is optimizing large dataset management for peak performance🚀https://t.co/FAyN1U7TrX — Glacier Network 🧊 (@Glacier_Labs) May 7, 2024 Glacier Network Integrates…
Introduction One of Bitcoin’s undeniable and frequently touted strengths is its decentralization. It’s often claimed that the Bitcoin network offers levels of decentralization, accessibility, and distribution unmatched by any other cryptocurrency. But just how decentralized is Bitcoin in reality? And how do we go about measuring its decentralization? Before delving into these questions, it’s crucial to clarify the concepts of centralization and decentralization, as they are often muddled. To provide a clear definition, the centralization/decentralization dynamic can be understood as the degree of concentration/diffusion of authority among the participants in a system. Here, “authority” refers to the power to influence…
While the SEC continues to increase its pressure on the cryptocurrency industry, its latest target was the US-based cryptocurrency platform Robinhood. At this point it was revealed that the SEC sent a Wells Notice to Robinhood in early May. While discussing the possible effects of the SEC’s Wells Notice sent to Robinhood on the cryptocurrency industry, the latest assessment came from JP Morgan. SEC Will Have to Approve Ethereum ETFs! The SEC’s Wells Notice to Robinhood Crypto is unlikely to block final approval of spot Ethereum ETFs, JP Morgan analysts said, The Block reported. JP Morgan analysts led by Nikolaos…
Hong Kong has taken an important step towards the development of the tokenization market and the use of central bank digital currency (CBDC) by creating a special working group. Hong Kong Forms Industry Community to Advance Wholesale CBDC and Tokenization The Hong Kong Monetary Authority (HKMA), the territory’s de facto central bank, today announced the establishment of “Project Ensemble Architecture Community”. This initiative aims to promote interoperability between CBDC, tokenized money and tokenized assets, and ultimately set standards for the emerging industry. In a statement, the HKMA outlined the key objectives of the working group, which include recommending mechanisms to…
Almost every week lately, it seems there’s a new announcement that the U.S. Securities and Exchange Commission (SEC) has gone after yet another crypto company for alleged securities violations. And the crackdown doesn’t appear to be cooling down anytime soon. Here’s a handy running list to keep track of all crypto-related actions that the SEC has taken of late, including confirmed Wells Notices informing companies of impending enforcement action, reported inquiries, and a recap of some of the biggest lawsuits still in progress. Imminent Enforcement Ethereum Foundation Last week, previously redacted portions of a lawsuit filed by Ethereum software firm…
Silent Protocol, a leader in blockchain privacy technology, has announced its Ghost Layer, an innovative modular Layer 1.5 tailored for Ethereum (ETH), according to the information shared with Finbold on May 7. The new release aims to deliver compliant privacy enhancements to public blockchains, catering to individual and institutional clients alike. The launch also underscores Silent Protocol’s dedication to constructing a compliant and composable framework, allowing institutions to securely and privately leverage Ethereum. Ghost Layer 0VM technology By opening access channels to various execution layers, Ghost Layer allows for easy integration of existing applications into private workflows. It leverages a…
Originally published on Unchained.com.Unchained is the official US Collaborative Custody partner of Bitcoin Magazine and an integral sponsor of related content published through Bitcoin Magazine. For more information on services offered, custody products, and the relationship between Unchained and Bitcoin Magazine, please visit our website. If you’ve been using bitcoin for a while, you’ve probably noticed that some bitcoin addresses appear quite different from others. You may have also seen discussion around several acronyms beginning with “P2,” such as P2PKH or P2WSH. If you’re unfamiliar with what these acronyms mean, here we’ll look through all the standardized on-chain methods for…
Former US President Donald Trump has announced that his presidential campaign will now accept cryptocurrency donations. Trump made the announcement during a special event for holders of his “Mugshot Edition” non-fungible tokens (NFTs) at his Mar-a-Lago residence in Florida. Trump’s move highlights his ongoing engagement with cutting-edge technology and digital assets. In a broader context, this also marks a significant shift in political fundraising strategies and aligns with growing digital trends. From NFTs to Crypto: Trump’s Digital Campaign Trail The revelation came through a short video released by Frank DeGods, co-founder of the DeGods and y00ts projects. In the video,…
A mysterious Ethereum (ETH) whale has triggered marketwide commentary with the latest buy-up of the asset. According to data from the crypto analytics platform Lookonchain, the Ethereum whale withdrew a total of 6,030 ETH from Binance a few hours ago. This withdrawn Ethereum is worth approximately $18.09 million based on the price of the asset at the time the transaction was initiated. This particular whale has a very deep interest in Ethereum as he is long on the asset. Per his on-chain activities, this whale has bought a total of 10,758 ETH valued at $32.14 million from Binance since at…