Author: NBTC
The Dencun upgrade is slated to go live on March 14, 2024. The launch of EIP-4844 will follow soon, tentatively scheduled for May 1, 2024. When launched, EIP-4844 will bring special resources to cut transaction fees heavily. An estimate for the same has not been provided, but rough numbers say that the drop could be in the range of 2x–5x. What makes EIP-4844 ideal for cutting down transaction fees is the introduction of Blobspace. Simply put, Blobspace facilitates storing and managing large objects for 18 days. This is in contrast to the way Calldata works. Large objects managed by Blobspace…
The U.S. Securities and Exchange Commission (SEC) faces a growing number of calls to curtail its oversight of the crypto industry—and they’re coming from inside and outside the House. The U.S. House Financial Services Committee voted on Thursday to appeal Staff Accounting Bill 121, which has since March 2022 been used to stop banks from acting as custodians of digital assets. When it was passed, the SEC maintained that the measure would guard against “significant risks and uncertainties associated with safeguarding crypto assets.” But now there’s mounting criticism from House committee members about how SAB 121 was enacted. “The SEC…
Few years in recent memory have been as good for Bitcoin (BTC) as 2024. The world’s premier cryptocurrency not only saw the approval of the first-ever U.S. spot BTC exchange-traded funds (ETFs) but has also been surging in the crypto market. In fact, Bitcoin price rose 40.11% year-to-date (YTD) from approximately $44,000 to its press time price of $61,937. Still, one Bitcoin-related stock has managed to outperform the world’s foremost cryptocurrency with its yearly growth – Michael Saylor’s MicroStrategy (NASDAQ: MSTR) – despite widespread fears that the approval of BTC ETFs would dampen its correlation with the coin. Now, with…
Thorchain, a well-known decentralized layer-1 liquidity protocol, has recently announced an exclusive development. As per the company, it has burned 60M RUNE (its native token) from its Standby Reserve to increase the caps concerning the Lending Protocol. Thus, the Lending Protocol can currently onboard an extra amount of up to 20M RUNE in terms of collateral. 60m $RUNE was burned from the Standby Reserve, creating 20m RUNE ($140m) in space for lending collateral.There is now room for ~2000 #Bitcoin or 36k ETH in THORChain lending. No liquidations, no interest.Details on Medium: https://t.co/yLCdz13oyL pic.twitter.com/aNePxXpvLV — THORChain (@THORChain) March 8, 2024 Thorchain…
Band Protocol announced that it is now further building on its integration with the Staller Ecosystem. The commitment is to pioneer Oracle services to facilitate the development of dApps, decentralized applications. The mission simultaneously covers the purpose of advancing interoperability for non-EVM L1s. Band Protocol has called this development a significant step that now paves the way for developing dApps in DeFi and other Web3 applications. While the Protocol brings Oracle services, Stellar is planning to leverage the capabilities of Soroban – Stellar Smart Contracts. Soroban will first host the deployment of Oracle Service before making any other significant leap.…
Christopher Harborne — who goes by the name Chakrit Sakunkrit in Thailand — is a Bitfinex shareholder, the number one supporter of Brexit, and is suing the Wall Street Journal (WSJ) for defamation. The multimillionaire, who made his money from an aviation fuel company and a number of almost-too-brilliant crypto investments, is taking on the News Corp-owned WSJ over an article entitled ‘Crypto Companies Behind Tether Used Falsified Documents and Shell Companies to Get Bank Accounts.’ The article, which was only corrected a week ago, is nearly a year old and the lawsuit appears to be coming out of left…
Binance Labs, the investment arm of Binance, the world’s largest cryptocurrency exchange, announced the 13 cryptocurrency projects selected for the 7th Season of the MVB Accelerator Program. “We are excited to announce the projects selected for the 7th season of the MVB Accelerator Program. Thank you to over 700 project teams worldwide for your submissions! Please note that acceptance into the MVB Accelerator Program does not imply any investment in projects. Binance Labs will make the final investment decision at the end of the MVB program.” Stating that the selected projects include three areas as DeFi, infrastructure and application, Binance…
A strategic partnership has been established between stc Bahrain and Lionscraft to jointly develop a framework that is in line with the forthcoming Web3 digital transformation. The collaboration aims to establish stc Bahrain as the leading provider of Web3 framework solutions not only in Bahrain but also throughout the broader Middle East region. It will facilitate the development and placement of innovative Web3 solutions within the nation. The collaborative effort took place within the Sandbox metaverse, showcasing the innovative spirit of both organizations. The transaction was additionally structured as a non-fungible token (NFT) on the Avalanche network. Saad Odeh, the…
Craig Wright denied forging emails between him and his former lawyers on Friday during his last cross-examination in the COPA trial. The trial will resume on March 12 for closing statements. Craig Wright accused critics of bugging his home and spoofing an email he’s been accused of doctoring during a Friday cross-examination in the U.K. trial probing his claims of having invented Bitcoin. Spoofing involves changing the metadata of an email to – among other things – make it look like it was sent from a different address. When asked by presiding Judge James Mellor if he could specify who…
A new virtual smartphone application, Aphone, has launched on Solana’s blockchain and Aethir’s decentralized cloud infrastructure, targeting users with outdated hardware and those in emerging economies. Here’s how it works and why it’s making waves: Reviving Outdated Hardware: Aphone offers a virtual smartphone experience that users can access through their current devices, whether on a browser, Android, or Apple device. It bypasses the hardware limitations of older smartphones by leveraging Aethir’s decentralized cloud-based GPU computing infrastructure. This allows users to run Web3 applications smoothly without needing local hardware upgrades. Onboarding Users to Web3: The team behind Aphone envisions the virtual…