Author: NBTC

Miners quickly chose the more profitable version, the original Bitcoin. The new chain, which inherited Bitcoin’s massive mining difficulty, attracted only a tiny fraction of hashpower and produced just two blocks before grinding to a halt. Meanwhile, the original Bitcoin network continued uninterrupted, retaining virtually all activity, liquidity and security. “Bitcoin worked exactly as designed,” Michael Saylor, the founder of $BTC-holding company Strategy (MSTR), said on X. Contrast that with the so-called free-market economies of the world. Falling corporate profitability should trigger cost-cutting and layoffs, but electoral politics often leads governments to block that adjustment, resulting in prolonged industrial sickness.…

Hashcash creator and Blockstream CEO Adam Back has publicly backed Ethereum’s cryptographic course correction, saying the industry should have abandoned experimental algorithms in favor of time-tested security standards long ago. His statement came as a reply to Ethereum Foundation researcher Justin Drake, who announced that the platform was completely shutting down its project to integrate the specialized Poseidon hash function. After eight years of work and substantial investment, Ethereum is returning to conventional SHA or BLAKE2s standards at Layer 1. Why Ethereum cryptography pivot proves Adam Back right Commenting on Drake’s post, Back said he had never trusted custom ZK-optimized…

Zhibao Technology, a Nasdaq-listed Chinese insurtech company, signed a $154.7 million private investment in public equity (PIPE) agreement payable in 2,380 $BTC. If it closes, investors would take control of the board and management. No closing had been disclosed as of Aug. 1. Under the July 31 securities purchase agreement, investors would buy 442 million units at $0.35 each. Every unit contains one Class A ordinary share plus a two-year warrant to buy another Class A share at $0.35. The potential issuance totals 884 million new shares: 442 million at closing and up to 442 million later through warrant exercise.…

A full node is the program that keeps a complete copy of a blockchain, the Zcash ledger, in this case, and independently checks every transaction against the network’s rules. Zakura is a fork of Zebra, the Zcash Foundation’s node software – meaning it started from the Foundation’s official code and was rebuilt from there. Consensus rules are the shared rulebook every node enforces, the thing that decides which blocks and transactions the whole network accepts as valid. If a node applies different rules, it forks off and stops following the same chain as everyone else. Pruning, snapshots and compatibility Zakura…

SushiSwap, a prominent decentralized exchange protocol, has announced the launch of Sushi Launch, a new platform built on Robinhood Chain. The platform enables users to create and deploy tokens that are paired for trading with real-world asset (RWA) tokens, including tokenized stock tokens. This move marks a significant step in bridging traditional finance with decentralized trading infrastructure. What is Sushi Launch? Sushi Launch is designed to streamline the token issuance process. Users can create and issue tokens linked to tokenized real-world assets, such as equities. Once a token goes live, a Sushi V3-based liquidity pool is automatically opened, providing immediate…

Bitcoin, the leading cryptocurrency, is trading just under $65,000, up 4% in the past week. While this increases expectations for a continued rise in $BTC, one analyst has indicated a bearish forecast. At this point, experienced analyst and commodities trader Peter Brandt argued that the downside risk for Bitcoin has not yet disappeared, pointing out that the downside risks persist and warning investors against the possibility of a new decline. Brandt’s latest assessment suggests that Bitcoin may retest lower levels in the coming period. Veteran analyst Brandt states that the probability of further declines in Bitcoin is higher and that…

Ethereum researcher Justin Drake said on Aug. 13 that the Ethereum Foundation is abandoning Poseidon for future layer-1 (L1) designs and pivoting toward SHA or BLAKE hashes after eight years of work on specialized, proof-friendly cryptography. Drake reported no break in Poseidon and issued no migration order, noting that recent gains in proof systems changed the performance tradeoff that had favored the hash. SNARKs produce compact proofs that a computation was performed correctly. Many use arithmetic over large prime fields, where the bitwise operations behind conventional hashes such as SHA-256 and Keccak historically imposed a high proving cost. Poseidon was…

The trader who legally withdrew 4.426 trillion $BONK tokens from the $BONK treasury through the governance process is reportedly continuing to sell. According to on-chain data shared via X, the trader in question sold another 800 billion $BONK tokens today. The sale is said to be worth approximately $2.48 million. In the incident on July 6th, the trader gained control of a total of 4.426 trillion $BONK tokens from the $BONK treasury, worth approximately $21.2 million. Since then, the price of $BONK has fallen by about 40%. Related News An Altcoin Is Heading to a Vote That Will Have Numerous…

U.S Treasury Secretary Scott Bessent has dismissed Senate Democrats for stalling the crypto market structure bill, the CLARITY Act. In a statement on Thursday, the 30th of July, Bessent noted that Democrats’ opposition was not surprising but “disappointing.” It’s disappointing — but not surprising — that Senate Democrats are choosing politics on the cusp of a major victory for American leadership. American Exceptionalism was once a bipartisan goal; if Clarity fails, I have serious doubts. The Senate Democrats, including pro-crypto ones such as Angela Alsobrooks and Ruben Gallego, withheld support for the bill, citing ethics, developer protections (BRCA) and illicit…

Three Bored Ape sales at steep losses accompanied a month-long contraction in the leveraged Ethereum account that Lookonchain publicly tracks as Machi Big Brother’s. By Aug. 14, official venue data showed the $ETH long had been cut by more than half, yet the market remained close to the account’s liquidation line. At 3:51:43 p.m. UTC, Hyperliquid’s public Info API showed the address holding a 2,500 $ETH long with a displayed 25x leverage setting and a liquidation price of $1,859.15, and 14 seconds later the venue’s $ETH midpoint was $1,881.65. That left an indicative $22.50 gap, with the midpoint 1.21% above…