Author: NBTC
Decentralized content-sharing platform Solmedia has announced its integration of the Solana blockchain with the latest Filecoin on-chain InterPlanetary File System (IPFS) technology. The enhancement, supported by Solmedia’s native token MEDIA, enables users to benefit from Solana’s high-speed blockchain infrastructure and Filecoin’s secure decentralized storage, which aims to ensure user content is protected and remains unaltered by unauthorized changes or access. A senior representative from Solmedia shared that the company is focused on maintaining free speech and transparency in the Web 3.0 space. The use of Solana and Filecoin, in conjunction with the MEDIA token, is intended to provide users with…
On Saturday, March 2, the valuation of bitcoin cash witnessed a significant increase, climbing over 40% within a 24-hour span to reach a peak of $451 each. This upward trend is attributed to the anticipated halving event, set to happen in 16 days, and the forthcoming 2024 upgrade, which is expected to implement an adaptive block size limit algorithm. Bitcoin Cash Rises Sharply on Halving and Upgrade Forecast Over the weekend, bitcoin cash (BCH) saw its value against the U.S. dollar soar by more than 40%, and over the past month, it has surged by 88%, significantly outpacing BTC’s 30-day…
Meme coins on Solana continue to epitomize crypto’s infamous gambling aspect, where participants may make or lose a fortune with a few clicks. Lookonchain highlighted a trader’s loss of 263.5 Solana (SOL) valued at $46,000 after investing in meme coin LADYF on March 22. The crypto user bought over $50,000 worth of the meme token shortly after it was listed. Minutes later, the coin plummeted, and the trader sold it to recover only 36.49 SOL, about $6,200. According to Dexscreener, LADYF skyrocketed more than five million percent seconds after launching, but the coin has declined ever since. The token’s name…
In a major development, Polyhedra Network has unveiled a groundbreaking method for verifying Zero-Knowledge (ZK) proofs directly on the Bitcoin blockchain. The Polyhedra team discovered a new way to verify Zero-Knowledge (ZK) proofs on. With this, the world’s most popular cryptocurrency’s scalability and efficiency will improve greatly. Our team has developed a novel method for verifying ZK proofs directly on the Bitcoin blockchain, promising significant scalability improvements. 🔍 #Bitcoin #ZKhttps://t.co/ymT1EpLEnr — Polyhedra Network (@PolyhedraZK) March 22, 2024 Polyhedra Network Introduces FRI ZK Proofs for Bitcoin Verification Polyhedra’s breakthrough is crucial to Bitcoin’s history. People are getting more excited about important…
Amid rocketing Bitcoin (BTC) prices, its on-chain addresses demonstrate unbelievable profitability. At the same time, the behavior of long-term BTC holders sends mixed signals to the audience. Bitcoin (BTC) has not been so profitable since November 2021 As Bitcoin (BTC) set a new local high at about $64,000, over 97% of its on-chain addresses are currently profitable. This is the highest level of profitability since November 2021, says leading blockchain data provider IntoTheBlock in its latest On-Chain Insights: Bitcoin Dynamics Supply vs Demand report. Over 97% of Bitcoin addresses reached profitability this week! This week’s newsletter explores Bitcoin’s positioning in…
Ethereum Founder Vitalik Buterin introduced a novel concept called “rainbow staking” during the ETHTaipei 2024 event in Taiwan. Colin Wu, a Chinese reporter, shared an X post on his Wu Blockchain page, giving insights on Buterin’s rainbow staking project. According to Wu’s X post, Buterin highlighted the potential risks involved in centralization, unveiling rainbow staking, “a conceptual framework allowing protocol service providers, whether solo or professional, to maximally participate in a differentiated menu of protocol services.” In a separate blog post, Ethereum elaborated on the key aspects and principles of rainbow staking. Providing a nutshell of the key goals of…
VeChainThor blockchain has achieved a significant milestone with over 3,000,000 unique VET wallets created, reflecting a 50% surge within just one year. VeChain hints at upcoming developments, including the launch of VeWorld, a dynamic new wallet offering enhanced functionalities. The VeChainThor blockchain development has reached a significant milestone by reaching all-time high (ATH) levels of activity on the chain. Specifically, the platform has witnessed the creation of over 3,000,000 unique VET wallets, marking a pivotal moment in its growth trajectory. This noteworthy accomplishment demonstrates a remarkable surge of 50% within a span of just one year and one month. It…
Internet Computer (ICP) CEO and Chief Scientist Dominic WILLIAMS took to X to showcase a demonstration of the parent company, DFinity’s latest Artificial Intelligence (AI) innovation. According to Williams, ICP introduced the first blockchain-based artificial intelligence smart contract. He described the new product as “a demonstration of AI running *on* blockchain as a smart contract.” The Internet Computer AI is part of the protocol’s mission to develop a system where large language models (LLMs) run as smart contracts on ICPs. Additionally, the mission is expected to be tamper-proof, unstoppable and, if necessary, autonomous. Cognition Labs’ Devin is almost similar to…
With the SEC moving to classify Ethereum as a security, the big question is whether XRP would be able to overtake ETH’s market cap. The crypto community has been engulfed in a series of debates following reports that the United States Securities and Exchange Commission is considering classifying Ethereum (ETH), the second-largest cryptocurrency by market cap, as a security. SEC Moves to Classify ETH as a Security Popular media outlet Fortune reported yesterday that the SEC is pursuing a legal campaign that could help classify ETH as a security. Citing sources familiar with the matter, Fortune disclosed that the securities…
Terra Classic (LUNC), Terra USD (USTC) and Terra (LUNA) prices experienced a slight increase with the recent news. The rises came after Vijesti, a local newspaper based in Montenegro, claimed that the sentence of Do Kwon, the founder of the altcoins in question, would be commuted to house arrest and Kwon would be released. The Terra (LUNA) ecosystem experienced a collapse in May 2022 and deleted approximately $40 billion worth of assets from the cryptocurrency market. A significant portion of the cryptocurrency world thinks that Do Kwon is a scammer running a Ponzi scheme. Kwon printed billions of additional LUNA…