Author: NBTC
Amid a wider cryptocurrency market downturn that has seen cryptocurrency prices plunge after Bitcoin ($BTC) hit a new all-time high, the smart contract platform Cardano ($ADA) has been seeing its smart contract development skyrocket. Data from Cardano Blockchain Insights shows a remarkable increase of over 170% in Plutus scripts, the network’s language for building smart contracts, since the beginning of the year. This translates to nearly 500 new smart contracts being added to the Cardano network per day, as CryptoPotato first reported. The total number now sits at an impressive 39,000, with a particular emphasis on the newer Plutus V2…
Gaming activity is bubbling up on buzzy new Ethereum scaler Blast, and while one game has already fallen victim to an exploit on the nascent network, another is yielding rave reviews from players while driving Blast’s most-traded token. Crypto Valleys is the game in question, and it initially appears to tread upon similar ground as Pixels, the popular farming game on competing scaler Ronin. But while Pixels is a relatively robust experience akin to traditional video games, Crypto Valleys—at least in its initial incarnation—is focused on keeping DeFi degens coming back to harvest more gains. In the web-based game, you’ll…
Vanar, a prominent technology company, has announced a groundbreaking partnership with the National Incubation Center (NIC) Karachi. It aims to catalyze the emergence of Web3 talent in Pakistan. This strategic partnership aims to build an ecosystem for future developers through educational programs, workshops, and networking. Last week, Vanar partnered NVIDIA which boosted its token price. NEW STRATEGIC PARTNERSHIP! 🚀We’re joining forces with National Incubation Center Karachi to empower a new wave of Web3 talent in Pakistan. Our mission? To craft an ecosystem nurturing the next-gen of developers through seminars, workshops, and more! pic.twitter.com/98ZcxV2jM0 — Vanar (@Vanarchain) March 22, 2024 Vanar…
Bitcoin’s price has been on an almost vertical rise in the last few days, approaching its all-time high of $69K. Yet, the cryptocurrency might not make a new record right away, as some warning signals are pointing to a short-term correction. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, it is evident that the price has been rallying aggressively during the last month, breaking past several significant resistance levels. The market is currently one step away from making a new all-time high, as there are no significant long-term resistance levels left apart from the $69K level itself.…
Another big discussion topic arises as the SEC is thinking about calling Ethereum a security. This is similar to what they have been trying to do with another cryptocurrency you already know, XRP. When a crypto asset is tagged as a security, it means it might be subject to strict trading regulations. For retail traders, this could mean more paperwork and limitations on buying and selling Ethereum in the U.S. Companies dealing with Ethereum might have to follow rules that apply to stocks and bonds, which could make things complex. However, Ethereum’s nature as a decentralized blockchain makes enforcing these…
VeChain aligns with the community in Belfast for the 2024 roadmap workshop. CEO Sunny Lu emphasizes the importance of 2024 for VeChain’s sustainability. VeChain introduces Galaxy Member NFTs, enhancing community engagement. VeChain has made many big-time announcement and has been contributing to grand events across the world. The most recent convention led them to Belfast, UK, for a technical workshop, collaborating with the VeChain community to outline the roadmap for 2024. In detail, CEO of VeChain, Sunny Lu emphasized the significance of 2024 for VeChain, particularly in constructing the B3TR ecosystem aimed at fostering sustainability. He goes into detail over…
In a significant move towards enhancing Web3 infrastructure, Entangle has announced a notable strategic investment from blockchain incubator Consensys. This investment propels Entangle’s total funding to an impressive $4 million, signaling strong support for the future of decentralized technologies. Earlier this year, Entangle caught the eye of several leading venture capital firms, concluding a private funding round with contributions from Big Brain Holdings, Launch Code Capital, Seier Capital, and Skynet Capital. Consensys’ follow-on investment underscores its commitment to fostering innovative solutions within the blockchain ecosystem. The funding is part of Consensys’ Linea Ecosystem Alliance initiative, which aims to bolster the…
In his recent interview with Bloomberg TV, Chainlink (LINK) founder Sergey Nazarov considered the launch of spot Bitcoin ETFs a “turning point” for the cryptocurrency industry. He said this development marks the beginning of a significant capital flow from global finance to the crypto market. Nazarov said the “net new buyers” driving this bull market cycle are institutional investors around the world. Following the success of Bitcoin ETFs, these investors are now exploring other ways to access digital assets. “Historically, net new buyers drive greater adoption and market cycles,” Nazarov said, adding: “And in this cycle, net new buyers are…
A crypto whale transferred 12,000 ETH to Binance on Wednesday, according to Lookonchain. Ether rose 11% on Wednesday despite regulatory concerns. The options market remains more bearish on ether than bitcoin. An investor holding a large amount of ether (ETH), a so-called whale, who began trading the Ethereum blockchain’s native token in 2017 moved a large chunk of it to crypto exchange Binance on Wednesday, in a possible precursor to liquidating the holding. Roughly 18 hours ago, the address x50b42514389F25E1f471C8F03f6f5954df0204b0 transferred 12,000 ETH (worth $42.8 million at the time) to Binance, according to blockchain sleuth Lookonchain. That’s about 0.01% of…
In an exciting development, the second most popular meme cryptocurrency Shiba Inu has staged a substantial growth in the amount of SHIB that have been locked in unspendable wallets since last morning. In the meantime, the SHIB price has attempted to recover after the recent decline. SHIB burns jump by 103.45% Shibburn meme crypto tracking platform has revealed data about the Shiba Inu burns that have taken place within the period of the last 24 hours. These figures have revealed that the SHIB community has succeeded in burning a total of 34,681,610 SHIB, increasing the burn rate by 103.45%. Burning…