Author: NBTC

Polygon Labs, the infrastructure team behind the Polygon ecosystem, has revealed its latest innovation — a Polygon zero-knowledge Ethereum Virtual Machine (zkEVM) Type 1 prover. Provers on the blockchain are computational entities that attest to whether or not a piece of information is accurate without revealing the underlying data. These provers create “proofs” that are then validated by verifiers. A Type 1 prover indicates the highest level of compatibility with the Ethereum blockchain. This means that it does not need to change any part of Ethereum in order to generate a proof. This includes storage structure, hash functionality or any…

Bitcoin (BTC) is currently striving for a sustained rally as it seeks a new all-time high following a period of volatility at the beginning of the year. Notably, Bitcoin has set its sights on the $50,000 mark, with market players highlighting the recently approved spot exchange-traded fund (ETF) and the upcoming halving as key catalysts. In this context, Hunter Horsley, the CEO of the crypto index fund manager Bitwise Invest, suggested that 2024 is poised to unveil the true valuation of Bitcoin in the capital markets. In an X (formerly Twitter) post on February 9, Horsley noted that the advent…

A concerning percentage of Ethereum’s blockchain censors participation according to US sanctions. Data compiled by Labrys and Rated Network suggests that approximately 42% of blocks since Ethereum’s September 15, 2022 Merge from proof-of-work to proof-of-stake have sanctioned the wallets on the Specially Designated Nationals List. Earlier this week, the figure reached nearly 50%. The Office of Foreign Assets Control (OFAC), an enforcement agency of the US Treasury Department, maintains this list. Unlike permissionless crypto networks like Bitcoin which allow any user to broadcast any transaction for inclusion in an upcoming block, OFAC-compliant relays on Ethereum censor wallet addresses that appear…

Southeast Asia fintech startup Salmon has become a licensed bank in the Philippines after it acquired a controlling interest in a local bank in Laguna. Salmon announced that the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has allowed the company’s acquisition of the controlling interest in the Rural Bank of Sta. Rosa, a well-respected licensed financial institution serving Filipino communities since 1963. Salmon will own 59.7% of the bank upon the completion of its transaction, which is expected to conclude in the coming weeks. The license enables Salmon to offer artificial intelligence (AI)-centric consumer credit and debit products…

The Cardano network has obtained a global reputation for its uptime compared to its closest competitor Solana amid the mass adoption of digital assets and web3 projects. The time-tested Cardano security features have attracted more web3 developers focused on RWA tokenization in the recent past. Cardano (ADA) network, a major smart contract-oriented blockchain with more than $329 million in Total Value Locked (TVL), has grown to a mature ecosystem supporting the fast growing global tokenization of Real-World Assets (RWA). The Cardano core developers led by co-founder Charles Hoskinson have continued to improve in the underlying blockchain including with the latest…

A widely followed crypto analyst says one worrisome metric is suggesting that Bitcoin’s (BTC) current rally is unsustainable. In a new video update, crypto strategist Jason Pizzino tells his 310,000 YouTube subscribers that people’s interest in the flagship digital asset may be fading as evidenced by waning Google searches for the term “Bitcoin.” According to Pizzino, BItcoin’s price movements have largely correlated with its Google search reading. “This chart is the most concerning piece of the puzzle now for Bitcoin and crypto. We’ve seen a ton of interest come in through the ETF (exchange-traded fund) – there’s your date there,…

Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilise affiliate links within our content, and receive commission. An Ethereum (ETH) spot ETF is due to reach the U.S. market after a slew of Bitcoin (BTC) based equivalents are likely greenlighted next week, according to Bloomberg ETF analyst James Seyffart. During a private webinar with CryptoQuant on Thursday, the analyst argued that the Securities and Exchange Commission (SEC) has quietly recognized ETH as a commodity rather…

TL;DR Cairo Verifier on Starknet: Herodotus and StarkWare develop a verifier for Starknet, streamlining level 3 blockchains. Improved Efficiency: Reduces costs and latency on the blockchain, driving decentralized applications. Proven Advances: Functional prototype and successful tests ensure viability of the Cairo Verifier. The Starknet development team has excitedly announced the upcoming arrival of Cairo Verifier, a tool that will enable the verification of cryptographic proofs directly on the network. The result of a collaboration between Herodotus and StarkWare, this verifier will facilitate the validation of Cairo proofs on the network, thus opening the doors to the creation of application-specific blockchains…

A cryptocurrency investor managed to net approximately $13.5 million in profits within a mere four days through strategic Bitcoin transactions. According to Lookonchain, a blockchain analytics platform, the investor initially withdrew 2,742 Bitcoins valued at $118.66 million from Binance, a leading cryptocurrency exchange, when the price of Bitcoin was $43,277. Following a significant price increase, the investor then redeposited the same amount of Bitcoin, now valued at $132 million, back into Binance at a price of $48,193 per Bitcoin. Strategic investment or timely luck? This lucrative maneuver came just before Bitcoin’s price witnessed a slight increase, solidifying at $48,250.37, according…

Ethereum’s core developers are debating the priorities for the next hard fork after “Dencun,” which could come in late 2024 or 2025. Following Thursday’s All Core Devs call, the tentative schedule for the Dencun fork remains unchanged, with the Goerli testnet first up on Jan. 17. The Goerli date was reaffirmed as Jan 17, as agreed on in ACDE#177. We had tentatively agree on Jan 30 and Feb 7 as dates for Sepolia and Holesky, respectively. We eventually confirmed these dates also, but after some debate. — ً (@lightclients) January 4, 2024 With the rollout of the upgrade looking likely…