Author: NBTC

The Ethereum network is making another major play toward bringing its latest Dencun upgrade to the mainnet. According to one of the core developers working on the upgrade, Christine Kim, the Dencun Upgrade will go live on the Holesky Testnet later today at about 11:34 a.m. UTC. As Kim revealed in her X post, this upgrade will be the last testnet launch for the upgrade before it finally goes live on the mainnet. The date for the mainnet is not yet known, however, should the debut on Holesky turn out well, Ethereum developers will tease the date to expect the…

The Hong Kong General Chamber of Commerce (HKGCC) has submitted proposals to the local government for the upcoming budget, asking for the issuance of stablecoins pegged to the Chinese Yuan. Hong Kong Chamber of Commerce Defends Yuan Stablecoin Issuance In a published statement, the HKGCC urged the government to consider allowing the issuance of stablecoins linked to the Yuan or backed by a basket of various fiat currencies, including the Yuan, the Hong Kong dollar or the US dollar. The organization also suggested exploring a “Virtual Asset Linkage Program” with an initial daily limit of around 20 billion Hong Kong…

In an insightful report titled “State of Stacks Q4 2023,” distributed crypto data library Messari has unveiled significant milestones and transformative growth within the Stacks ecosystem, a premier Layer-2 solution for the Bitcoin network. Authored by analysts Red Sheehan and Mike Kremer, the report highlights the pivotal role of Stacks in amplifying Bitcoin’s functionality through smart contracts and decentralized applications, marking a year of unparalleled progress across revenue, market capitalization, and total value locked (TVL). The staggering figures presented in the report are a testament to Stacks’ explosive growth. Revenue surged by 3,386% quarter-over-quarter and 3,028% year-over-year, reaching $637,000. The…

On January 9, Veno Finance, a liquid staking protocol on Cronos (CRO), officially integrated with the zkSync Era Layer-2 blockchain scaling solution. This implementation enables users on zkSync Era to directly engage in Ethereum (ETH) token staking, earning Liquid ETH (LETH) tokens; this development expands opportunities for yield farming within the decentralized finance ecosystem of Veno Finance, as per the latest information shared with Finbold. The Veno protocol simplifies support for the Ethereum network among zkSync users. Its mechanism involves bridging ETH tokens between zkSync Era and the Ethereum mainnet, automating the staking and withdrawal processes on behalf of users.…

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. There is no such thing as a boring day in the non-fungible token (NFT) world. In today’s NFT news selection, read about South Korean Starbucks launching a first-of-its-kind NFT collection, the Epic Games Store releasing the Nyan Heroes game, and Pudgy Penguins jumping straight into the top five collections of the day. Learn more below. Starbucks Korea Reveals…

Ethereum core developer Eric Conner says the network’s mainnet in the long term will not serve as the platform where daily users would want to transact tokens. In a recent thread on X, Eric Conner, an Ethereum core developer, discussed the future trajectory of Ethereum’s mainnet, shedding light on its role in the ecosystem and addressing concerns about transactional costs. Conner emphasized Ethereum’s prioritization of “liveness,” highlighting its critical importance in facilitating transactions without outages as a key to building trust within the ecosystem. “But the fees are too high”Ethereum L1 in the long term isn’t where daily users will…

Crypto financial services company BitGo has bought a firm focused on investment infrastructure for alternative assets as part of a bid toward advancing a so-far stalled tokenization space. Brassica, the company to be acquired, offers back-end infrastructure services for private securities and alternative investments, including multi-asset custody, record-keeping and transfer agent services. While most traditional finance players have a crypto- or blockchain-related proof-of-concept in the works, the worlds of digital assets and traditional finance currently have “almost no overlap,” argued BitGo CEO Mike Belshe. The firm’s latest deal seeks to digitize the alternative asset industry by offering unique support of…

Uniswap Foundation revealed in a tweet on Thursday that the much anticipated Uniswap v4 will likely launch in Q3 of this year. The draft code for Uniswap v4 was first revealed in June last year, and introduced the concept of “hooks.” Hooks address the rigidity of traditional smart contracts by allowing developers to inject custom logic at specific points, enabling dynamic adjustments and diverse use cases. For users, this means potentially lower fees, better strategies for managing their assets and access to cool new features like instant swaps. Read More: What has Uniswap Labs cooked up for v4? Following Ethereum’s…

The leading cryptocurrency Bitcoin has experienced a tremendous rise in recent days, overcoming the correction it experienced after the spot ETF approval. While ETF inflows were considered to have a significant impact on this rally, investors began to wait for the halving and FED interest rate cut, which could positively affect the price after ETFs. At this point, evaluating BTC’s last rally, Bitfinex Derivatives President Jag Kooner said that Bitcoin was experiencing a rally before the halving. Speaking to The Block, Jag Kooner pointed out that historically, Bitcoin started its rise approximately 8 weeks before the halving. Stating that the…

BlockGuard and Pixelette form a strategic DeFi partnership. Asif Ashiq Rana, Pixelette’s CEO, joins BlockGuard as an advisor, bringing expertise in blockchain and AI. The collaboration focuses on BlockGuard’s vision for transparent, efficient, and accessible Web3 risk management. Web3 platform BlockGuard has inked an equity partnership with Pixelette Technologies, a leading London-based blockchain and IT firm. The collaboration not only marks a significant step for BlockGuard but also brings aboard Asif Ashiq Rana, Pixelette’s CEO and a key figure advising the British government on blockchain and AI matters, as an advisor. Pixelette Technologies’s 5% equity stake in BlockGuard As part…