Author: NBTC

Delta hard fork slashes Layer 1 fees across Optimism chains by up to 90%. Introduction of Span Batches consolidates Layer 2 blocks, reducing data transmission. OP Labs aims to ease the adoption of OP Stack by alleviating fee burdens for operators. Last week, the Optimism ecosystem witnessed a transformative shift with the deployment of the Delta hard fork across various chains, including OP Mainnet, Base, and Zora. This technical upgrade, designed to slash Layer 1 fees, has surpassed expectations, marking a significant milestone for Optimism and its community. A 90% decrease in fixed overhead costs The Delta hard fork, spearheaded…

Centrifuge, a pioneering blockchain technology firm, has unveiled its latest innovation: an on-chain fund management platform designed to revolutionize the operation of credit funds on public blockchains. The groundbreaking platform aims to streamline fund management by consolidating a fund’s investment positions, transactions, and operational data, both on-chain and off-chain, into a secure and unified environment. The move is set to significantly enhance the efficiency, transparency, and ease of fund management in the rapidly evolving digital asset space. Transforming fund management with blockchain technology Centrifuge’s new platform represents a significant leap forward in the integration of blockchain technology into the realm…

Privacy-focused coins have witnessed a significant decline in their market shares after facing stiff competition from privacy blockchains, as per a report from CoinGecko. Privacy coins have lost 44.3% of their market share to privacy blockchains since 2021, according to CoinGecko. The top two privacy blockchains include Mina Protocol, with a 23.2% market share, and Oasis Network, with a 13.6% market share. CoinGecko noted that in January 2021, privacy coins had a 96.6% share of the crypto privacy market, amounting to a $4.62 billion market capitalization. However, as of February 2024, they held 52.3% of the privacy sector. In contrast,…

BlackRock is asserting itself over competitors in the closely watched bitcoin ETF battle following a standout week of inflows and trading volumes. While a number of segment offerings have had successful launches, industry watchers told Blockworks that the asset management giant might be building a lead it won’t ever relinquish. BlackRock’s iShares Bitcoin Trust (IBIT) has crossed the $10 billion assets under management mark after seven weeks of trading. No other ETF in history has reached such an asset level that quickly. Read more: Restricting access to growing bitcoin ETFs becoming ‘hard to justify’ Fidelity Investments’ Wise Origin Bitcoin Fund…

Revolut, the bank open to crypto, has announced its investment of 450 million euros in marketing activities in Europe. The goal is to reach 50 million customers globally by the end of 2024. Revolut: the bank open to crypto and its 450 million euro investment in marketing Revolut: the campaign “The Future of Banking” for those who want innovation The step forward also in the crypto sector: the collaboration with MetaMask Revolut: the bank open to crypto and its 450 million euro investment in marketing Revolut, the digital bank also open to crypto, has announced its investment in Europe of…

Shiba Inu’s lead developer, Shytoshi Kusama, has expressed appreciation for the chance to work with its new partner, Zama. Earlier this week, Shiba Inu unveiled a new partnership with cryptography-focused firm Zama. The partnership is expected to enhance the security and privacy of transactions in the Shiba Inu ecosystem and has been one of the major talking points for the SHIB community this week. Unsurprisingly, Shiba Inu’s lead developer, Shytoshi Kusama, is still excited about the deal, leading praises to the Zama team. Kusama’s latest post followed an article by a leading crypto media publication about Shiba Inu’s partnership with…

Indian Finance Minister Nirmala Sitharaman has stated that it is the position of the Indian government that crypto assets cannot be currencies, which are issued by central banks. She clarified that crypto assets can be used for trading, speculation, profit-making, and various other purposes. Moreover, she noted that India has raised the issue of crypto regulation with the G20, expressing confidence that “there will be some framework emerging.” Indian Finance Minister Reiterates Crypto Stance Indian Finance Minister Nirmala Sitharaman clarified the government’s stance on crypto at the India Today Conclave 2024 event on Friday. Responding to a question about whether…

In a recent statement, famous cryptocurrency analyst Willy Woo shared his prediction for the highest price level that Bitcoin can reach in the future. Willy Woo Made an Absurd Bitcoin Price Prediction Like a Science Fiction Movie According to Woo, the cap price for Bitcoin could be as high as $45 billion per coin by 2335, measured in 2024 US dollars. This forecast assumes current growth rates of economies and a Kardashev 1 economy. Woo’s calculation is based on a few key assumptions: The money is equal to about a 1:1 ratio of world GDP. The money is equal to…

More than $5.4 million worth of collateral has been liquidated across defi platforms in the past 24 hours. Ethereum took the most brutal hit, accounting for $4.2 million of the total liquidations. According to data from Parsec, a further threat of destabilization if ETH drops to $3,008 could trigger an additional $24 million in liquidations. On-chain derivatives exchanges such as GMX, Kwenta, and Polynomial have been at the center of these liquidations, which cumulatively triggered over $52 million in the past day alone. When collaterals are liquidated in the context of defi, it means that assets pledged as security for…

While Madoff has remained the top household name for financial fraud for the past 16 years, it may finally be time to anoint a new fraud king: the former head of Evergrande, Hui Ka Yan. Evergrande collapsed in 2021 after three years of being the largest and most valuable real estate company in the world. The success of the company also briefly made Hui the wealthiest individual in China. But as the Chinese real estate market began to falter, the books for Evergrande looked more and more cooked, and by 2023, the company was bankrupt and facing liquidation. Read more:…