Author: NBTC

Ethereum gas expenses have dropped to their lowest in five years due to Layer 2 expansion. The Dencun upgrade has reduced transaction costs significantly across the Ethereum network. The rising ETH supply is putting pressure on its market price despite increased demand from recent developments. Ethereum gas fees have reached their lowest point in five years, showing significant changes within the network. This drop, reported on August 19, 2024, is due to the increased use of Layer 2 networks and the Dencun upgrade from March 2024. These developments have lowered transaction costs, affecting Ethereum’s supply and market dynamics. Layer 2…

Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter. Welcome to the On the Margin Newsletter, brought to you by Ben Strack and Casey Wagner. Here’s what you’ll find in today’s edition: How the historical “reputation risk” for advisers and institutions allocating to crypto has, in some ways, inverted. NVIDIA is about to drop its Q2 results. Here’s what to know beforehand. What to make of Russia’s crypto-related tests, set to start in the coming days. More institutions viewing digital assets as ‘inevitable’ There…

XRPL Japan and Korea Fund is now open for applications in Japan and Korea. The fund will support corporate partnerships, developer grants, and community growth initiatives. Japan and Korea were picked due to their strong institutional ties and progressive regulations that drive blockchain innovation. The XRPL Japan and Korea Fund, a groundbreaking initiative by Ripple, is now accepting applications from enterprises, developers, and XRPL community members. This fund aims to propel innovation on the XRP Ledger (XRPL) within the dynamic Japanese and Korean markets. Attention 🇯🇵 & 🇰🇷 – the #XRPL Japan and Korea Fund is now open for applications…

Indian crypto exchange WazirX said it will end the suspension of rupee withdrawals starting on Aug. 26. The withdrawals ban was put in place after last month’s $230 million exploit. Users will be able to take out up to 66% of their funds in two phases. WazirX, the Indian crypto exchange that lost $230 million to a hack in July, said it will start allowing limited rupee withdrawals after freezing them in the wake of the exploit. Withdrawals of up to 66% of users’ rupee balances will be phased in over the next month, starting Monday, it said in a…

There may be signs that a hidden form of crypto mining is targeting the clients of rented GPUs for the purposes of training AI, rendering, or other computation-intensive tasks. The attacks come through GPU renting templates and affect even widely accessible services like Vast AI. Hidden mining may be returning in a new form, targeting rented GPU power. Formerly, hidden miners operated through websites or attacked networks, abusing their computational power to mine obscure crypto coins. Most of the mining power was used for Monero (XMR), while the crypto mining programs were disguised in apps or websites. As GPU renting…

New York City, NY – In a groundbreaking move, Ablo by Space Runners has teamed up with Story Protocol to transform how creators track and monetize their AI-generated content. This partnership is designed to return control and profits to creators, enabling them to monitor the distribution and remixing of their work while earning revenue from its reach and usage.—Empowering Creators with TransparencyThrough this collaboration, creators will gain unprecedented transparency over their intellectual property (IP). They’ll be able to track where their designs are used, who is remixing them, and how they are being shared. This visibility opens up new revenue…

Spot Ethereum (ETH) exchange-traded funds (ETFs) inflows surpassed $2 billion in nearly four weeks, when excluding Grayscale’s ETHE outflows of nearly $2.5 billion, based on Farside Investors’ data. ETF Store CEO v highlighted that if this cumulative value is considered under one ETF, it would equate to the fourth-largest ETF launch to date. The three other ETF launches besting the cumulative Ethereum ETFs are all spot Bitcoin (BTC) ETFs: BlackRock’s IBIT, Fidelity’s FBTC, and ARK 21Shares’ ARKB. Geraci added: “On its own, iShares Ethereum ETF = top 7 ETF launch.” Bloomberg senior ETF analyst Eric Balchunas shared that the ETFs’…

Stakeholders within Polkadot’s ecosystem have refuted claims that the network’s Treasury will run dry within two years. Recently, a treasury report raised community concerns by suggesting that the project’s current spending would only sustain operations for two years. However, several stakeholders have dismissed these claims, explaining that Polkadot’s Treasury is continually replenished by the network’s token inflation. Polkadot Treasury Ben McMahon, the Ecosystem Lead at Hydration, emphasized that the Treasury does not have a fixed “runway” because it is constantly refilled from a portion of the network’s inflation. He clarified that treasury funds are allocated to not only marketing activities…

TL;DR Binance will temporarily suspend TON deposits and withdrawals on August 26, but trading will remain unaffected. The company introduced certain trading pairs involving the altcoin earlier this month, contributing to its price rally as of late. What Is the Reason? The world’s leading cryptocurrency exchange will perform wallet maintenance for The Open Network (TON) on August 26, temporarily suspending TON deposits and withdrawals. The maintenance is expected to take about two hours, after which all services will be resumed. Binance assured that the initiative will not impact token trading on the aforementioned network. It also promised to handle all…

With the launch of its esteemed Polkadot Blockchain Academy in the digital sphere, Polkadot, the multichain ecosystem driving the push for a better web, is preparing the next generation of blockchain/web3 builders. It is becoming more and more difficult to train developers to create the next generation of the internet due to the Web3 industry’s explosive expansion. Even the most seasoned Web2 developers may find the intricacies of blockchain intimidating due to the steep learning curve that entails comprehending the characteristics of various consensus algorithms and coming to terms with the decentralized nature of systems. The blockchain sector has created…