Author: NBTC

Ethereum co-founder Vitalik Buterin has identified potential risks in the Ethereum network, especially around the blockchain’s staking protocol. According to Buterin, Ethereum risks Proof-of-Stake centralizing because of economic pressure. The co-founder stated that the existence of economies of scale in the core Proof-of-Stake mechanism would naturally lead to large stakers dominating and small stakers dropping out to join large pools. Related: What Ethereum Migration to Proof-of-Stake Means to Web3 CEOs In a recent publication, Buterin further highlighted that the dropping out of small stakers to join the larger ones could expose the Ethereum network to higher risks of 51% attacks,…

The EOS Network has successfully launched its Spring 1.0 update, which will introduce the project’s Savanna consensus algorithm and reduce the blockchain’s transaction finality time 100-fold to just one second. “With the Spring 1.0 upgrade and the introduction of the Savanna consensus algorithm, we’re achieving something rare in the blockchain world: changing our core consensus algorithm,” said the CTO of the EOS Network Foundation, Bryan Wyatt, in a press release. “Very few Layer 1 blockchains have ever done this. I can think of only a handful—Ethereum being the most well known,” Wyatt added. Enabling Next-Generation Decentralized Applications EOS’s transition to…

The Russian government, alongside its largest crypto mining company BitRiver, is moving forward with plans to build crypto mining data centers in BRICS countries. These countries—Brazil, Russia, India, China, and South Africa—are now part of Russia’s new strategy to push its mining operations and digital infrastructure to a global level. The deal is spearheaded by the Russian Direct Investment Fund (RDIF), the state’s sovereign wealth fund. This was announced at the BRICS Business Forum held in Moscow on October 18. The two entities plan to expand the country’s computing power across borders, tapping into both crypto and artificial intelligence (AI)…

Bitcoin’s reliability, security, and status as a premier store of value have kept it firmly on top as the king of cryptocurrency. Despite its notorious volatility, Bitcoin continues to draw in seasoned investors and those just starting. If you’re new to digital assets, you might wonder how to buy Bitcoin in 2024. Whether you’re curious and want to dip your toes into the world of crypto or you’re ready to dive in headfirst, this guide will walk you through everything you need to know about buying Bitcoin. The Best Places to Get Your Hands on Bitcoin (BTC) Wondering where to…

Ethereum needs to break the $2.8K level to exit its current choppy trading range and start a bullish trend. Reclaiming the $2.8K price level could push Ethereum above its 200-day MA/EMA, signaling stronger upward momentum. Until Ethereum clears $2.8K, traders can expect continued volatility and sideways market conditions. Ethereum (ETH) traders are closely monitoring a potential price breakout as the digital asset hovers near significant technical levels.At the moment, Ethereum is still in a sideways movement, which means that value swings should continue until there is a clean break above $2,800. Most analysts believe that ETH/BTC is poised to start…

Colorado-based Bitcoin mining company Revolve Labs has announced plans to build a $60 million data center in Glencoe, Minnesota, as part of its effort to expand its mining capacity. The proposed facility would include one or two AI data centers, cooling systems, and backup generators, according to the Minnesota Star Tribune. Its goal is to bolster the company’s ability to process Bitcoin (BTC) transactions while addressing local concerns about noise pollution. The facility, currently in the preliminary planning stages, would employ around 10 people and could cost between $40 million and $60 million. The company discussed the project in a…

American financier and CEO of the SkyBridge Capital investment fund, Bitcoin bull Anthony Scaramucci has addressed talked about his recent informal meeting with another big name in the crypto space -Michael Saylor. Scaramucci teased his new book on Bitcoin too. Saylor contributes to Scaramucci’s new book Founder and CEO of SkyBridge Capital Scaramucci has taken to his X account to mention his recent meeting, an informal one judging by the sound of it, with the co-founder of MicroStrategy giant Michael Saylor. The latter has managed to reinvent himself as a prominent Bitcoin supporter in the corporate world during the past…

The decentralized finance (DeFi) landscape is experiencing substantial growth in total value locked (TVL), with many projects showcasing impressive weekly increases. Among the leaders in this surge, Phoenix Group (PNXGRP) tops the list, indicating a robust expansion in the DeFi sector. TOP PROJECTS BY WEEKLY #TVL GROWTH$AAVE $CGPT $CFG $AVAF $MPL $DEAI $TAIKO $LISTA #API3 $NOTE $STEP $OGN $VCX $WIGO $PENDLE pic.twitter.com/5wLSzAgYRb — PHOENIX – Crypto News & Analytics (@pnxgrp) October 20, 2024 According to latest data, Phoenix Group’s TVL has increased by a staggering 144.55% over the past month, demonstrating a significant influx of investments and user trust. With…

A significant amount of Ethereum is being held by entities not actively spending or moving their funds. According to the latest CryptoQuant data, the total number of Ethereum (ETH) in accumulation addresses surpassed 19 million. As of Oct. 18, the total amount of Ethereum in accumulation addresses almost doubled in comparison to January 2024. During the first month of 2024, this metric stood at 11.5 million. At least one analyst believes that this number will surpass 20 million by the end of the year. Why? Ethereum ETF approval “In early 2024, Ethereum Spot ETFs were officially approved, marking a new…

The cryptocurrency market traded in the green over the past few sessions amid the recovering global economy. As digital assets stole the show with significant surges over the past week, Arbitrum (ARB) was among the top performers, outshining Bitcoin’s 6.35% weekly gain with a 20% increase on its seven-day chart. While the altcoin market cooled after significant gains, Arbitrum developers announced the successful completion of the ArbOS 32 upgrade on Arbitrum One, Nova, and Sepolia. These developments added to ARB’s ongoing recovery, extending the altcoin’s upside journey. Arbitrum Developers (💙,🧡) The upgrade to ArbOS 32 has completed on Arbitrum One,…