Author: NBTC
OKX Ventures, the investment arm of the popular cryptocurrency exchange and Web3 technology company OKX, joins Eclipse in a US$50 million Series A funding round. This is huge in cryptocurrency. Eclipse is Ethereum’s first Layer 2 solution and is attracting attention. It was built on the Solana Virtual Machine (SVM) for speed, security, and scalability. This smart investment shows that blockchain ecosystem Layer 2 scaling solutions are gaining popularity and confidence. Ethereum still struggles with network congestion and high transaction fees. We are excited to announce the strategic partnership with @EclipseFND in this Series A round. 🟢Looking forward to seeing…
A clear voice emerged to address growing concerns about the future of Cardano and its leadership. Charles Hoskinson, the mastermind behind Cardano and the CEO of IOHK, has come forward to decisively quell rumors of his departure from the blockchain platform. Amid discussions on Twitter, Hoskinson reaffirmed his commitment to Cardano, responding to an inquiry from a community member who questioned whether he was leaving Cardano for another project, Midnight, or shifting to a multi-chain approach. Hoskinson’s response was firm and direct: “The answer is no. The hundreds of IOG engineers and scientists working on Cardano every day confirm that.”…
In today’s digital world, the need to decrypt data for computational tasks exposes it to security risks. This is a significant problem in privacy-sensitive sectors like Web3, where decentralized applications and finance at times rely on both confidentiality and integrity in data processing to maintain trust and security on chain.Fully homomorphic encryption (FHE) offers a potential solution by enabling the processing of encrypted data without needing to decrypt it first, thus preserving confidentiality. This advancement not only enhances data security and privacy, but also extends the potential for secure data analysis and decentralized services. Guy Itzhaki, CEO and co-founder of…
Bitcoin price is struggling to settle above the $68,000 resistance. BTC is now consolidating and might decline toward the $63,400 support zone. Bitcoin price is struggling to gain pace for more gains above the new all-time. The price is trading above $65,000 and the 100 hourly Simple moving average. There is a short-term bearish trend line forming with resistance near $67,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses and revisit the $63,400 support zone. Bitcoin Price Faces Hurdles Bitcoin price started a nasty decline from the new all-time high of…
The governor of Sweden’s central bank said he wants nothing to do with bitcoin. “Right now there’s a surge, but we have seen the value collapsing not long ago,” Riksbank Governor Erik Thedeen said. Sweden’s central bank governor wants as little bitcoin (BTC) as possible in the country’s financial system, Bloomberg reported Tuesday. “It’s an instrument that is impossible to value, and in practice it’s based on pure speculation,” Riksbank Governor Erik Thedeen said to reporters after a parliamentary hearing on monetary policy. Thedeen cited the collapse of crypto exchanges to support his position at a time when the cryptocurrency…
Dogwifhat became the first major meme coin to cross the $2 price mark. A listing on the prominent exchange Binance likely drove the price surge. Solana’s runaway meme coin Dogwifhat (WIF) surged 48% in the past 24 hours to trade over $2.11 early Wednesday, reaching over $2 billion in capitalization just over three months after issuance. Such gains were most in the meme coin category tracked on CoinGecko for tokens with over $1 billion capitalization. The category rose 2.8% on average, with lower caps like myro (MYRO) and mog coin (MOG) rising as much as 80%. WIF was issued in…
Navigating the complexities of the cryptocurrency market and seizing opportunities require a blend of innovation, ethical practices, and a deep understanding of distributed ledger technology (DLT). As blockchain technology reshapes the traditional finance sector and pioneers the expansion of decentralized finance (DeFi), staying informed and adaptable is key to success. Hence, the transformative potential of DLT highlights the impact on financial inclusion, payment efficiency, and the broader economic ecosystem. The Move Towards Tokenization President of Hedera, Charles Adkins, told BeInCrypto that blockchain technology has emerged as a fundamental force in transforming transactions, lending, and investments. He attributed the success to…
SEC chair Gary Gensler cautioned investors to carefully consider the merits of each project after the market experienced extreme volatility following Bitcoin’s ascent to a new all-time high. Gensler made the statements during an interview with Bloomberg on March 6 and likened the crypto market’s volatility to a roller coaster ride. According to the SEC chair: “[Cryptocurrency] is a highly speculative asset class. One could just look at the volatility of Bitcoin in the last few days. And I grew up loving roller coasters … but you really should be conscious, as the investing public, that this is a bit…
Bitcoin and ether faltered slightly Tuesday afternoon in New York while stocks rebounded after an initial slip on disappointing annual inflation numbers. The S&P 500 was trading about 1% higher at time of publication while the tech-heavy Nasdaq Composite gained 1.3%. Bitcoin (BTC), after posting another record-high of just under $73,000 Monday, lost 0.7% Tuesday. Ether (ETH) was also trading lower, dropping 1% at time of publication. Read more: Cheatsheet: Ethereum on track to burn $10B ETH over next year The market moves come as Tuesday’s Consumer Price Index (CPI) print showed inflation rose 0.4% in February and 3.2% from…
According to the data shared by the blockchain tracking platform Shibburn, since last morning the Shiba Inu community has managed to dispose of over 177 million SHIB meme coins. It happened while the second major meme-inspired cryptocurrency SHIB collapsed by 40% and then staged a substantial recovery earlier today. Meanwhile, in the wake of recent SHIB price trajectories, whale activity has increased drastically as trillions of SHIB have been moved by large holders. 177 million SHIB burned Shibburn spreads the word about a significant amount of meme coins transferred to unspendable blockchain wallets within the past 24 hours. Overall, an…