Author: NBTC
Ripple’s Chief Technology Officer, David Schwartz, casts a spotlight on a crucial feature of the XRP Ledger (XRPL) known as auto-bridging. This comes at a time when excitement is building over Ripple’s new stablecoin, which is expected to bring more utility and liquidity to the XRPL. While not new to the XRPL, auto-bridging is a unique feature on the DEX that uses XRP as the native currency to facilitate trades between any two assets on the ledger. As the native currency on XRPL, XRP is inherently counterparty-free. Auto-bridging capitalizes on this by automatically using XRP as a bridge currency when…
Solana cofounder Anatoly Yakovenko has broken the silence on the recent challenges the protocol has faced with the processing failure of large transactions. Taking to his official X handle, the Solana founder said though the bug that slowed down the network has been identified and fixed, other key updates might not be so easy to accomplish. Crucial Solana upgrade bottleneck According to his post, Yakovenko noted that dealing with bugs is more difficult than keeping the network lively and actively operational. He said the fix for the bug that forced a slowdown can easily be integrated. However, he noted that…
ASIC miners are specialized hardware devices that are designed to mine cryptocurrency. They are much more efficient than general-purpose computers, and can generate significantly more hash power. If you are considering getting into cryptocurrency mining, it is important to choose the right ASIC miner for your needs. There are a number of factors to consider, such as the hash rate, power consumption, and price. In this article, we are going to examine the best ASIC miners in the market today and explore their main features. Here are some of the best ASIC miners on the market in 2024: Bitmain Antminer…
Spot Bitcoin ETFs, which have been trading for just two months, have already made a significant impact on the cryptocurrency industry. GSR Research Analyst Brian Rudick said in his statement on the subject: “US spot Bitcoin ETFs have been a huge success, beyond even the most optimistic expectations. “With over $10 billion in inflows in just two months, it’s approaching what most people think they’ll make in the first year.” Rudick also added that there are arguments for increasing fund inflows to ETFs, such as increasing sales efforts of companies, adding asset managers to their product range and normalizing GBTC…
Krippenreiter, a crypto researcher, recently discussed the possibility of XRP becoming obsolete due to Ripple’s imminent launch of the USD-backed stablecoin. For context, Ripple recently made waves with its announcement of introducing a new stablecoin pegged to the US dollar on the XRP Ledger (XRPL) and Ethereum networks later this year. Concerns of XRP Doom This decision has sparked speculations and concerns within the crypto community regarding the potential impact on XRP’s relevance and utility for cross-border transactions. Notably, the payments firm largely depends on XRP for some transactions involving its cross-border payments service. Recall that an on-chain sleuth, Mr.…
As blockchain technology continues to evolve, discussions around its sustainability have become increasingly prevalent. Among the most scrutinized aspects is the energy consumption of proof-of-work (PoW) networks, particularly Bitcoin. Estimates indicate that Bitcoin mining alone contributes to an annual carbon footprint of approximately 85 million metric tons of CO2 equivalent, a concerning figure for environmental advocates. Despite the emergence of alternative consensus mechanisms, Bitcoin’s PoW architecture remains dominant, raising questions about its long-term sustainability. We’re thrilled to announce that @energywebx and Green Proofs for Bitcoin #GP4BTC are collaborating with @Paypal on the Green Mining Initiative—an innovative approach to support Bitcoin’s…
Grayscale’s Bitcoin Trust (GBTC) is nearing a record outflow, according to recent data. With a significant $10.6 billion outflow, it is the second-largest in cumulative outflows among Exchange Traded Funds (ETFs) over the past 15 years. It is trailing only behind the iShares MSCI Emerging Markets ETF (EEM), which has seen an outflow of $12.3 billion. Largest inflows and outflows Vanguard’s S&P 500 ETF (VOO) leads the inflow chart with $258.6 billion, followed closely by iShares Core S&P 500 ETF (IVV) and Vanguard Total Stock Market ETF (VTI), indicating a strong investor preference for traditional equity assets. On the other…
Louis Vuitton continues to push boundaries with its latest venture: a leather varsity jacket transformed into a non-fungible token (NFT). This groundbreaking collaboration, spearheaded by none other than Pharrell Williams, represents a seamless fusion of haute couture and cutting-edge digital innovation.—The jacket, a nod to both contemporary cowboy chic and Louis Vuitton’s penchant for high-priced, limited-edition collectibles, made its debut on the Autumn/Winter 2024 men’s runway earlier this year. Now, it takes center stage as the latest offering in Louis Vuitton’s ongoing Via NFT project. Priced at a cool €7,900, this sartorial masterpiece is not just a physical garment; it’s…
The Shiba Inu (SHIB) team has lauded the dedication and enthusiasm of the SHIB community, as indicators suggest a surge in SHIB social activity.Key social engagement metrics have shown a significant uptick in activity around Shiba Inu. Social analytics firm LunarCrush has reported a substantial rise in social interactions related to SHIB, indicating increased interest in the asset. This increased social presence is not only a sign of the community’s strength, but it may also indicate a bullish trend for the dog-themed cryptocurrency. The Shiba Inu official X account highlights this great development: “SHIB Social activity is buzzing. Our community…
In the latest edition of “The Week Onchain Newsletter,” Glassnode’s lead on-chain analyst, known as “Checkmate,” brings to light Bitcoin’s exhilarating journey to new all-time highs, surpassing $72,300 for the first time. This event, as highlighted by Glassnode, isn’t merely about surpassing price levels; it represents a shift into what’s termed the “Euphoria Zone.” This phase, according to Glassnode, signifies a pivotal moment in investor sentiment and market dynamics, traditionally marked by a notable shift in behavior among Bitcoin investors. Source: TradingView Glassnode points out that alongside Bitcoin’s price, the Realized Cap—a measure reflecting the total value stored in Bitcoin—has…