Author: NBTC

A notable figure in the crypto community, known as the “Crypto Philosopher,” recently expressed that no other cryptocurrency will ever hold the unique position of XRP. “There will never be another XRP,” he declared. This bold statement comes in light of recently surfaced court documents that reveal Ripple’s extensive web of agreements surrounding the distribution of XRP. Specifically, the document revealed that Ripple had entered over 1,700 contracts with various financial firms concerning XRP, underscoring its unique position in the crypto asset landscape. Notably, these contracts were initially highlighted during the discovery phase of the SEC vs. Ripple case. However,…

The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…

Prom, a zkEVM modular L2 linking Non-EVM and EVM worlds via interoperability, has recently experienced a stress test. In line with the statistics that Prom provided, the recent rigorous stress test of Prom appears as a resilient part of the platform’s Testnet V2, with the results signifying that the system thereof is resilient along with the capability to tackle substantial loads with no performance issues. Stress Test ResultsCommunity, we thank you all for participating and showing immense activity.We’re happy to announce that our network successfully withstood the load during the Stress Test while maintaining the average high load of 100,000…

Samson Mow, a Bitcoin proponent and chief executive at the JAN3 company that helps nation-states to adopt BTC, has sent an important message to the global crypto community, doubling down on his $1 million Bitcoin prediction. He provided several major triggers that may help the world’s leading cryptocurrency make that massive price jump. Mow now certain Bitcoin will hit $1 million next year The JAN3 chief tweeted that he now believes that Bitcoin’s odds of reaching $1 million within the next year are much higher now. Answering a question about what will make Bitcoin start trading as a true risk-off…

Ethereum price is again rising and trading above $2,320. ETH must clear the $2,400 resistance to gain bullish momentum in the near term. Ethereum is attempting a recovery wave above the $2,320 zone. The price is trading above $2,350 and the 100-hourly Simple Moving Average. There was a break above a short-term declining channel with resistance at $2,350 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,400 resistance to continue higher in the near term. Ethereum Price Eyes Upside Break Ethereum price remained supported above the $2,250 level. A base was formed, and…

Legendary game developer CCP Games this week lifted the lid on Eve Frontier, a space survival game set in the Eve Online universe that features blockchain integration. Initially referred to as Project Awakening, Eve Frontier appears to have a lot of similarities to the massive Eve Online game, but with more of a survival focus—and the ability to use crypto tokens and blockchain code to impact and reshape the game in new ways. Details are still a little thin on the ground, but with such a prestigious development studio behind it, hopes are high that Eve Frontier could be one…

After only a little more than a year or two spent at the thrall of VCs and executives everywhere, generative AI already appears to have plummeted into the so-called “trough of disillusionment.” Can long-standing blockchain AI projects turn this into a David and Goliath moment and seize the chance to shine? The rapid fall from grace on the part of GenAI can be explained by several factors. A failure to deliver the promised productivity gains is one reason it’s falling out of favor with executives, while regulators, campaigners, and creators have raised a bevy of concerns about the underlying data.…

Bitcoin experienced a sharp decline on Aug. 5, plummeting to $49,221 after maintaining a level of around $58,350 for almost two hours. At the time of writing, Bitcoin (BTC) had a daily trading volume of $79.5 billion, while its market cap had fallen to $1.04 trillion. The crypto asset is still 28.2% down from its all-time high of $73,737, reached on March 14. BTC 24-hour price chart | Source: crypto.news The drop was part of a broader market downturn that also saw Ethereum (ETH) fall by nearly 20%, from $2,695 to a low of $2,171, before marginally recovering to $2,321,…

On paper, Ethereum-based projects appear to have enormous treasuries, with some treasuries containing billions of dollars worth of native tokens. But upon closer inspection, a lot of these funds are questionable. Although these projects may seem stable on the surface, the bulk of their holdings are actually in highly volatile or illiquid tokens. Consider what transpired with Luna for instance. Its stablecoin’s value fell during a market meltdown because it was backed by other tokens. One of the most notable projects that faced issues due to backing with volatile tokens was Luna, which was unable to safeguard its stablecoin with…

As Ethereum grapples with slow transaction speeds and high fees, Tron is emerging as a potential rival that could shake up the blockchain landscape. With its focus on speed and cost-effectiveness, Tron is drawing attention as a possible successor to Ethereum. According to market trends and blockchain analysis, Tron is now being seen as a potential “Ethereum Killer” and a rising crypto asset. Can Tron Dethrone Ethereum? Tron is a cryptocurrency similar to Ethereum but aims to build a secure and dependable platform specifically for content creators. What sets Tron apart is its ability to connect creators directly with consumers,…