Author: NBTC
TL;DR Mysten Labs and Sui introduce the Pilotfish prototype, a milestone in blockchain scalability. Pilotfish increases the speed of smart contract execution in proportion to the number of machines used, demonstrating linear scalability. The elastic scalability and low latency offered by Pilotfish open up new possibilities for the widespread adoption and application of blockchain in various industries. A new era unfolds in the crypto industry with the recent advancements presented by Mysten Labs on the Sui network. In an announcement that is generating significant buzz in the community, Mysten Labs has revealed the success of their Pilotfish prototype, marking a…
Bitcoin’s price is primed for a surge that could hit record-breaking highs this week, according to a 10X Research report shared with CryptoSlate. Why BTC will print new ATH The report outlines key factors driving this bullish momentum. It suggests that Bitcoin will experience a significant upswing if the outflows from Grayscale’s Bitcoin ETF drop below $100 million while substantial inflows continue to BlackRock. These ETFs, launched in January, have notably influenced Bitcoin’s price, propelled by institutional demand. Markus Thielen, the founder of 10X Research, said this influence contributed to a notable 43% increase, amounting to $18,615, in Bitcoin’s price…
Grayscale argued the benefits of being able to “stake the Ethereum held by the Trust” in a new SEC filing yesterday. The firm is hoping to convert its Grayscale Ethereum Trust (ETHE) into an ETH spot ETF the way it did its Grayscale Bitcoin Trust in January. The proposal, which appeared yesterday in a preliminary proxy statement, outlines four proposals aimed at converting its Grayscale Ethereum Trust (ETHE) into an ETF. Besides using the ETH backing shares to participate in staking through a Proof-of-Stake protocol, the firm also is seeking to grant authorized participants the ability to create and redeem…
Immutable Games announced Tuesday that its long-in-the-works mobile role-playing game Guild of Guardians will finally launch globally on May 15 across Apple’s iOS App Store and Google’s Android Play Store. Running on Immutable zkEVM, an Ethereum scaling network, the free-to-play crypto quest lets you guide fantasy adventurers through dungeons and battle against powerful bosses as you amass loot. The game has notched over a million pre-registered players in the run-up to release. In advance of the global launch, Guild of Guardians is introducing an on-chain crafting system called The Altar of Sacrifice on March 25. This allows players to collect…
Tokenize Xchange, a crypto exchange founded in 2017, has successfully raised $11.5 million in a latest funding round for expansion in Singapore. According to a recent report by The Straits Times, the Series A, Phase 2 funding round was led by the local venture capital firm Trive with other participants including high-net-worth individuals. Tokenize Xchange’s Growth Strategy Tokenize Xchange is set to expand its team in Singapore, targeting an increase from 20 to 100 staff members over the next 18 months. This growth would particularly focus on enhancing the team’s compliance and operational capabilities. With the recent addition of $11.5…
Leading American crypto exchange Coinbase is having issues again Wednesday—but while other recent instances were blamed on a surge in crypto trading activity amid Bitcoin’s rise to a new all-time high price, this wave of problems is being blamed on Base, the Ethereum scaling network that Coinbase itself incubated. “Due to network congestion on the Base network, transactions on Coinbase Wallet and Coinbase.com may experience intermittent failures,” Coinbase’s status page reads. “If your transaction is not confirmed by the network, please wait or submit your transaction again on Coinbase.com. We advise that Coinbase Wallet customers wait for congestion to resolve…
Data from HODL15Capital, a renowned asset allocator, shows a consistent Bitcoin acquisition across all nine active spot Bitcoin ETFs for the past eight weeks. In a post on X, the investor revealed that the highest BTC acquisition happened in week 6, despite Grayscale’s GBTC losing 12,331 units of its holdings and Invesco Galaxy’s BTCO losing 1,466 BTC. Data showing each Bitcoin ETF: pic.twitter.com/8SGiSpv3qa — HODL15Capital 🇺🇸 (@HODL15Capital) March 4, 2024 While the newly launched ETFs engaged in constant Bitcoin acquisition, HODL15Capital’s data showed that the GBTC has consistently released portions of its BTC holdings. Week 2 marked GBTC’s most significant…
The Ethereum Foundation – the Swiss non-profit organization at the heart of the Ethereum ecosystem – is under investigation by an unnamed “state authority,” according to the group’s website’s GitHub repository. The scope of the investigation and its focus was unknown at press time. According to the GitHub commit dated Feb. 26, 2024, “we have received a voluntary enquiry from a state authority that included a requirement for confidentiality.” The Ethereum Foundation did not return a request for comment. The investigation comes during a time of change for Ethereum’s technology. Ethereum is the second-largest blockchain by market cap after Bitcoin,…
Recent statistics reveal that the layer two (L2) network Arbitrum has experienced a significant increase in daily transactions. On Tuesday, the network’s daily transactions even exceeded those on the Ethereum platform. Additionally, following Ethereum’s Dencun upgrade, other L2 networks such as Optimism have also witnessed an uptick in activity. Arbitrum Transfers Spike Metrics indicate that L2 fees for Arbitrum, Optimism, and Starknet have dipped to below a U.S. penny per transfer as of March 20, 2024. Following the implementation of Ethereum’s Dencun upgrade on March 13, L2 network fees have significantly decreased, now costing less than $0.01 per transaction, a…
In a notable development, CryptoQuant analyst MAC.D has forecaste an impending bullish surge for Bitcoin (BTC), potentially reaching up to $120,000. This projection is grounded in a detailed analysis of historical market patterns and recent investor behaviors, pointing towards a significant rise similar to past bull markets. A key observation by MAC.D is the remarkable increase in the proportion of new Bitcoin investors recently, with figures showing a rise to 10.62% for individuals investing between one day and one week. This metric closely mirrors the trends observed during the onset of previous bullish periods, notably around October 2020 and the…