Author: NBTC
The highly anticipated Dencun upgrade for the Ethereum (ETH) ecosystem is on the horizon, promising to bring significant cost reductions and notable changes to Layer 2 (L2) networks. The update, scheduled for March 13, will introduce a new data storage system known as blobs, reducing congestion on the Ethereum network and driving key new features in various areas. Ethereum Dencun Upgrade As highlighted in a recent Bloomberg report, Dencun aims to reduce the cost of Layer 2 networks such as Arbitrum (ABR), Polygon (MATIC), and Coinbase’s Base by enabling previously costly transactions to become significantly cheaper. In particular, transactions that…
India has approved over Rs 10,300 crore ($1.24 billion) for the IndiaAI Mission, slated over the next five years. The financial infusion aims to boost the country’s artificial intelligence (AI) ecosystem, innovation, and entrepreneurship. The Union Cabinet, the country’s foremost decision-making body, stated that the allocation would benefit citizens and contribute to the expansion of the local economy. This outlay aims to ensure the implementation of the IndiaAI Mission through a public-private partnership model and is expected to facilitate access to funds for AI startups. The initiative is expected to boost India’s global leadership in AI and ensure ethical and…
In a significant gust of developments witnessed across the Shiba Inu ecosystem recently, Shytoshi Kusama, Shiba Inu’s lead developer, spotlighted the recent version of The Shib magazine released, drawing attention to crucial partnership details that aim to revolutionize Shiba Inu’s ecosystem. Following the announcement’s surfacing in the broader crypto market today, March 6, Shiba Inu, one of the most prominent Ethereum-based meme coins, promptly gained significant traction, as its token SHIB showcased remarkable gains over the past few days. THIS WAS A REALLY ENJOYABLE READ! Great work! WOOF! https://t.co/o8TOcnPCpd — Shytoshi Kusama™ (@ShytoshiKusama) March 5, 2024 Meanwhile, with the aforementioned…
Archax, the Financial Conduct Authority (FCA) regulated exchange, broker, and custodian for digital assets, has announced a strategic partnership with Talos, an institutional crypto trading platform. This collaboration aims to revolutionize institutional access to digital assets by combining Archax’s regulatory expertise with Talos’s market-leading capabilities. The partnership will enable Archax to leverage its FCA cryptoasset registration alongside Talos’s network of crypto liquidity providers and venues. This move is poised to strengthen Archax’s burgeoning over-the-counter (OTC) trading desk, enhancing liquidity and efficiency in navigating crypto markets. Anton Katz, the CEO, and Co-Founder of Talos, emphasized the importance of the partnership in…
Layer-1 solution Nibiru Chain has announced the launch of its public mainnet, boasting 40,000 transactions per second. Nibiru Chain, a layer-1 blockchain network that previously raised $12 million from a pool of investors like Kraken Ventures, has launched its public mainnet aiming at processing 40,000 transactions per second. According to a press release shared with crypto.news, the platform wants to grow the user base thanks to parallel optimistic execution which allows the platform to process multiple independent transactions simultaneously. “We recognize the barriers that have kept potential users at bay — from complex onboarding to opaque decision-making and a lack…
Peter Schiff, a gold bug who is widely known for his skeptical views on Bitcoin, has stirred the cryptocurrency community by actively promoting a unique set of Bitcoin NFTs known as Golden Triumph ordinals. This development has left many wondering if Schiff, a long-time critic of the digital currency, has changed his stance or is merely capitalizing on the burgeoning interest in non-fungible tokens (NFTs) on the Bitcoin blockchain. Schiff’s sudden embrace of Bitcoin ordinals At the core of this controversy lies the innovative concept of Bitcoin ordinals, a system that allows for the embedding of digital content onto individual…
The Ethereum network is poised for a significant transformation with its latest software update, Dencun. This update, dated March 13th, is expected to reduce operational costs, especially on Layer 2 networks. Such development may open the door for open access that could breed unprecedented innovation within the Ethereum ecosystem, affecting decentralized finance (DeFi), gaming, and many other applications. Dencun Upgrade Impact on Layer 2 Networks The Dencun upgrade presents a mix of the “Deneb” and “Cancun” updates, representing an innovative way of data storage inside the Ethereum network. In the past, Layer 2 blockchains, such as well-known chains like Arbitrum,…
While the leading cryptocurrency Bitcoin has continued to grow since its launch, some have accepted that BTC is a currency while others have argued that it has no value. However, while BTC continues to prove itself day by day, JP Morgan CEO Jamie Dimon, known for his hostility towards Bitcoin, made new statements. I Will Never Buy Bitcoin! Speaking to CNBC at the Australian Financial Review business summit, the famous CEO continued his criticism of Bitcoin, saying that most of BTC’s practical uses are illegal activities such as sex trafficking, fraud and terrorism. “I don’t know what Bitcoin is for,…
Shiba Inu ecosystem leader Shytoshi Kusama has released a cryptic tweet declaring SHIB a Dogecoin killer amid Shiba Inu’s move to knock out DOGE. Data from CoinMarketCap shows Shiba Inu is now the tenth most prominent cryptocurrency, having garnered a valuation of approximately $23 billion. This valuation puts Shiba Inu right behind its biggest rival in the meme token landscape, Dogecoin. DOGE holds a market cap of $26 billion. Essentially, between Shiba Inu and Dogecoin is just about $3 billion. This close margin has raised significant hopes among the SHIB Army that Shiba Inu could knock out DOGE soon. The…
Alchemy Pay, a major fiat-crypto payment gateway, partnered with Ethereum-based Layer 2 network ZKFair. The partnership aims to make buying ZKFair’s cryptocurrency, $ZKF tokens, easy. Meanwhile, ZKFair, a community-run Layer 2 network, is at the forefront of Ethereum innovation. ZKFair is a scalable and efficient decentralized transaction platform. It uses Lumoz ZK-RaaS and Polygon CDK and Celestia DA technology. Safe and cheap transactions are made with the stablecoin USDC as its gas token. .@ZKFCommunity token $ZKF is now available through #AlchemyPay’s Fiat On-Ramp.Through the portal on #ZKFair’s website, community members can conveniently and securely obtain $ZKF using their preferred fiat…