Author: NBTC
Polkadot (DOT) has announced the launch of its long-anticipated community coin PINK, according to the latest information shared with Finbold on March 21. With a total supply capped at 2,300,001,221, a nod to Polkadot’s RGB color code, PINK will launch on Polkadot AssetHub. PINK distribution To ensure equitable distribution, the coin has been distributed to leading parachains (12.5% of the supply) and 14 communities that proved pivotal in promoting the Polkadot ecosystem. Moonbeam users will receive the largest share of the airdrop, followed by Bifrost and Astar (ASTR). Each parachain has the autonomy to distribute its portion as it sees…
Binance Academy, the arm of Binance dedicated to cryptocurrency education, has teamed up with BNB Chain, the largest layer-1 blockchain platform, to introduce an innovative online course titled BNB Chain Developer Specialization, according to the information shared with Finbold on March 25. The aim of the initiative is to provide new Web3 software with the skills necessary to foster growth in the realms of Web3, cryptocurrency, and technology. The program is a result of the growing demand for proficient Web3 developers and a desire to cultivate a larger pool of talent capable of driving innovation within the industry. No prior…
Alex Thorn, head of firmwide research at Galaxy Digital, recently expressed skepticism about the approval of spot Ethereum ETFs in May. The Securities and Exchange Commission’s (SEC) failure to actively engage with ETF applicants and recent subpoenas issued to cryptocurrency firms regarding their dealings with the Ethereum Foundation have cast a shadow of doubt over the approval, according to the analyst. Fortune reported this week that the SEC was “waging an energetic legal campaign” to classify ETH as a security, citing U.S. companies that have received subpoenas related to an investigation. Thorn, a former Fidelity Investments employee, said that if…
Crypto traders are transitioning from Solana-based meme tokens to the growing market of Coinbase’s Base meme coins. This movement reflects a broader trend in the industry, where liquidity and market sentiment drive investment decisions. From Solana to Base Meme Coins Rekt Fencer is a seasoned analyst who reportedly amassed over $1 million through Solana meme coins. He is leading the charge toward Base tokens. Fencer’s transition is not only a change of blockchains but a testament to the hype around cryptocurrency investments. He also emphasizes the untapped potential of Base tokens, which could yield high returns. Likewise, another analyst under…
A couple months out of bankruptcy, bitcoin mining giant Core Scientific remains “hyper-focused” on de-leveraging its business and scooping up machines after the Bitcoin halving. Core Scientific CEO Adam Sullivan told Blockworks the company is gearing up its balance sheet to refresh its fleet with per-block mining rewards set to be cut in half next month. Mining rewards are set to drop from 6.25 BTC to 3.125 BTC in late April due to a Bitcoin halving event that happens roughly every four years. The occurrence is expected to put a segment of the industry’s companies under financial stress. At that…
Recently, PlayDapp announced that it plans to launch its long-awaited blockchain mainnet to foster the development and expansion of its ecosystem.—PlayDapp has decided to launch its mainnet through the Avalanche subnet to expand its Web3 business. As a result, PlayDapp will move away from supporting the existing public multi-chain to operate an independent chain with self-verification nodes as its mainnet.Avalanche is known for its low transaction costs and high scalability, offering improved scalability through a subnet structure that allows for the creation of customized blockchains tailored to specific enterprises.Wen Lee, Director of Business at PlayDapp stated, “We plan to operate…
Ethereum, a pioneer in blockchain technology, continues to innovate and improve. With each upgrade, the Ethereum network evolves, addressing challenges and expanding its capabilities. The upcoming Ethereum Pectra upgrade promises significant improvements to scalability, efficiency, and functionality. One of the primary focuses of the Ethereum Pectra upgrade is the adjustment of validator stakes. Currently, Ethereum validators face constraints due to the effective balance cap set at 32 ETH. This limitation not only complicates operations for large-scale staking endeavors but also hampers the accrual of rewards on balances exceeding this threshold. For entities managing numerous validators, such as exchanges like Coinbase,…
Cryptocurrency analysis company Santiment announced in its statement the 10 altcoins that developers focused on the most in the last 30 days. Santiment created this analysis based on Github activities. The team stated that it did not include duplicate and spammy entries that altcoin developers could add on Github to its analysis. Here are the altcoins and developer scores that developers focus on the most, according to Santiment data: Chainlink (LINK) – 451.23 Cardano (ADA) – 444.7 Status (SNT) – 434.5 Optimism (OP) – 411 Hedera (HBAR) – 387.73 Polkadot (DOT) – 385.43 Kusama (KSM) – 385.43 Internet Computer (ICP)…
Every four years, we experience a bonus day in February, the United States elects a president (ideally one supportive of Bitcoin), the Olympics take place, and we witness a significant event called the Bitcoin halving. In the grand scheme of things, four years may seem relatively short. However, in the realm of Bitcoin mining, where changes in the geographical landscape, hash rate growth, and industry efficiency are big factors, a lot has occurred since the previous halving event. This feature is part of CoinDesk’s “Future of Bitcoin” package published to coincide with the fourth Bitcoin “halving” in April 2024. Amanda…
Crossmint, a Web3 development platform renowned for collaborating with global brands like Microsoft (MSFT), Etihad Airways, Johnnie Walker, and AC Milan, is teaming up with Astar and Hakuhodo KEY3 to accelerate the adoption of Web3 technologies among Japan’s largest enterprises, as per the information shared with Finbold on March 25. The collaboration relies on Crossmint’s impressive track record and developer tools to integrate seamlessly with the Astar blockchain, which recently launched its zkEVM with over 50 projects already onboarded. With the establishment of Hakuhodo Key3, dedicated to developing and promoting Web3 services for the largest Japanese enterprises on the Astar…