Author: NBTC

What is Layer 2? Layer 2 refers to off-chain networks or technologies built atop a base blockchain (Layer 1) that extend its capabilities — most notably by improving scalability and transaction throughput. These solutions are essential for blockchains that prioritize decentralization and security, often at the expense of speed and scalability. By handling transactions more efficiently, Layer 2 solutions help reduce congestion and lower transaction costs on the main chain. These Layer 2 enhancements help address the “blockchain trilemma,” offering a pathway to scalability without compromising the core tenets of decentralization and security. In general, Layer 2 solutions operate independently…

Bitcoin solidified its growth trend in October, climbing above $73,500 for a brief period. The latest rally coincides with a new period of M2 money supply growth, one of the key factors behind the rise of BTC markets. BTC is still within a small distance of its all-time high. The recent rally still adheres to the trend of rising M2 money supply. The BTC market price is a lagging indicator of quantitative easing. In the short term, BTC has rallied even during liquidity crunches, but its overall arc coincides with M2 money supply shifts. The M2 indicator took months to…

Digital asset payments for imports in Brazil hit a new record in the first nine months of the year, surpassing last year’s total, data from Banco Central do Brasil (BCB) shows. In September, Brazilians paid $1.429 billion in digital assets for imports, a 40% leap from the $1.032 billion in payments in a similar period last year, the BCB report on payment trends published this week reveals. This brings the net digital asset import payments for the first nine months of 2024 to $13.797 billion, a 60.7% increase from a similar period the previous year and surpassing last year’s total…

The cryptocurrency market saw sudden jumps in many altcoins, along with the market rally led by Bitcoin last week. It is unclear how long the rising wave that began with Donald Trump’s election as US President will continue. There are also many economic developments and altcoin events in the new week. You can access the cryptocurrency calendar from the link below. In addition, the cryptocurrency market will witness large amounts of token unlocks in many altcoins in the new week. Here is the token unlock calendar that we have prepared specially for you as Bitcoinsistemi.com. (All times are stated as…

Blockchain payments firm Ripple Labs has made huge headway in its bid to drive educational initiatives in the blockchain space. In 2018, Ripple launched the University Blockchain Research Initiative (UBRI), which has since advanced blockchain education across the globe. In its latest update, the firm said this program has built a pipeline of skilled students ready to shape blockchain’s future. Ripple and university knowledge pursuit Ripple’s UBRI aims to support blockchain research and education through university partnerships. Working with over 45 institutions, Ripple aims to make blockchain integral to academic studies. These collaborations enable Ripple to invest directly in emerging…

Bitcoin is soaring once again, but Bitcoin.com CEO Corbin Fraser wishes to remind everyone that with its unique set of driving forces, bitcoin is on a long-term trajectory to reshape the global economy Bitcoin Nears Historic Highs but Huge Growth Is Still Ahead  Bitcoin’s recent price action has been impressive, with the cryptocurrency approaching its all-time high. As of writing this, bitcoin is trading around $72k, showing strong momentum in the market. While the current short-term price action is exciting, it’s important to remember that no matter what happens over the next weeks and months, over the long term…

The People’s Bank of China has developed a digital yuan visual hard wallet, showcasing dynamic QR codes and offline payments. China is moving forward with the adoption of its central bank digital currency — also known as the digital yuan or e-CNY — this time presenting a payment card similar to traditional debit or credit cards. According to a Global Times report on Nov. 7, the new technology is a physical visual card that allows its owners to conduct both online and offline payments. The digital yuan card, first unveiled at the 18th Shenzhen International Financial Expo, supports both “tap-to-pay”…

In a significant move for the blockchain sector, Shanghai’s Xuhui District has commenced accepting applications for various blockchain development initiatives scheduled for the second quarter of 2024. The program aims to bolster the creation of blockchain standards and foster notable business advancements, particularly those aligned with “Blockchain+” applications. Businesses eager to engage in these projects stand to gain considerable incentives. Contents hide 1 What Support is Offered for Standards Development? 2 How Will Significant Blockchain Enterprises Benefit? What Support is Offered for Standards Development? A unique funding opportunity will be made available for the research and development expenses associated with…

Bitcoin ETFs saw a staggering $870 million worth of inflows yesterday as the cryptocurrency’s price got precariously close to setting a new all-time high. BlackRock’s iShares Bitcoin Trust (IBIT) saw a staggering $3.36 billion worth of trading volume yesterday—the highest it’s been in the past six months. At the time of writing, the IBIT fund has $17.2 billion worth of Bitcoin under its management, according to Coinglass. But it’s not normal for ETF volumes to spike when the price is going up, Bloomberg Intelligence analyst Eric Balchunas said on Twitter. “Typically ETF volume spikes in a downturn/crisis,” he noted, adding…

Crypto researcher Tom Wan believes that enabling staking for spot Ethereum exchange-traded funds (ETFs) could boost inflows and attract more investors to the digital assets products. The former 21Shares analyst shared this opinion on X (formerly Twitter), noting Ethereum ETFs have yet to live up to their true potential. According to Wan, the assets under management (AUM) for ETH ETFs are only about 10% of what Bitcoin ETFs hold. This represents a significantly lower percentage compared to Ether’s market cap, which is 23% of Bitcoin’s, and the analyst believes enabling staking for the ETFs could fix that problem. Wan noted…